Monthly Archives: November 2018
Additional Charges in New York Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the boiler room, and four others, manipulated the company’s shares generating more than $3.3 million of illegal profits and more than $560,000 in kickbacks for Romandetti. […]
Campbell Soup Nears Truce With Activist Hedge Fund
(New York Times) Campbell Soup Company is on the verge of a truce with an activist hedge fund that had sought to force the sale or restructuring of the nearly 150-year-old food giant, according to two people with knowledge of […]
L/S Equity strategies remain under pressure in November
(Hedgeweek) The ongoing sell-off since the beginning of October has proved difficult to navigate for hedge funds, though there were substantial divergences across strategies, last week, To read this article:
Hedge-fund veteran who called recent rout says selling is just getting started
(CNBC) The stock market sell-off is far from over, hedge-fund veteran Mark Yusko told CNBC on Tuesday. In fact, he sees a “long path” down between now and 2020. To read this article:
Hedge funds’ historic U.S. rate view shift switches to 5-year bonds:
(Reuters) – A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before. Speculators on U.S. futures markets slashed their […]
Hedge fund analysts face 10% pay hit as industry struggles
(Financial Times) Senior investment professionals at hedge funds are projected to take a hit to their pay of more 10 per cent this year as the industry struggles through one of its worst periods since the financial crisis. To read […]
Self-Described Penny Stock Promoter Charged With Microcap Market Manipulation Scheme
(HedgeCo.Net) The Securities and Exchange Commission today charged a self-described penny stock promoter and an entity he controlled with orchestrating a scheme to manipulate trading in at least 97 microcap stocks. According to the SEC’s complaint, Eric Landis of Charlottesville, […]
Fidelity Preps for a Zero-Return Market in 2019
(Bloomberg) Investors nursing some of the worst losses in a century shouldn’t live in hope for a relief rally next year — markets will merely tread water, according to the prognosis of a $43 billion fund. Tighter financial conditions, a […]
Och-Ziff’s Shares Stumble Toward NYSE Delisting Territory at $1
(Bloomberg) Billionaire Dan Och’s hedge fund is pennies away from raising a red flag at the New York Stock Exchange. Shares of his Och-Ziff Capital Management Group LLC — one of the few publicly traded hedge-fund firms — have plummeted […]
Hedge Funds’ Historic U.S. Rate View Shift Switches to 5-Year Bonds
(Reuters) A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before. Speculators on U.S. futures markets slashed their bearish […]
Investec Asset Management adds to sustainability team
(Opalesque) Investec Asset Management has further invested in its sustainable investment capability by appointing Deirdre Cooper as a portfolio manager. With a specific focus on renewable energy, electrification and resource efficiency within Investec’s established Natural Resources team, Cooper’s hire underlines […]
Managing Online Risks to Family Offices
(Opalesque) Family offices have a higher profile than ever before. The rise of social media, along with the expectation that businesses have an online presence means families have to navigate a growing risk landscape. Security studies routinely show that cybercriminals, […]