Monthly Archives: November 2018
Italy’s Budget Openly Challenging EU Budget Rules
(Reuters) Italy’s draft budget for 2019 “significantly” deviates from commitments, the vice president of the EU Commission Valdis Dombrovskis said in an interview with daily Il Sole 24 Ore on Friday, threatening a procedure for excessive debt against Rome. Earlier […]
Do Hedge Funds Need a New Measure of Success?
(Barron’s) The hedge fund industry should move away from unhelpful relative benchmarks and build a new metric that better informs investors, according to Afsaneh Beschloss, the founder and CEO of investment manager the Rock Creek Group… To read this article:
Azvalor Launches Spain’s First ‘Multi-Manager’ Equity Fund
(Opalesque) Azvalor Managers Fund’ is a global equities fund which will invest internationally through the best investment ideas of thoroughly selected ’boutique’ asset managers. Central to the idea of the new fund is a desire to find managers from around […]
Index Industry Association survey reveals 3.7 million indexes globally
(Opalesque) Index Industry Association (IIA), the first-ever trade association for the index industry, today announced the results of its second annual global index survey. The IIA is the only industry body to quantify the complete index universe and according to […]
For Hedge Funds, the Sky Always Seems to Be Falling
(Bloomberg) Steven A. Cohen, the billionaire hedge fund manager who was briefly barred from the business but is back managing other people’s money, told a crowd on the Upper East Side of Manhattan on Tuesday night that the bear market […]
Ex-Hedge Fund Exec Magerman Funded Anti-Facebook Campaign
(Marketwatch) Philanthropist and former hedge-fund executive David Magerman — not George Soros — was the initial donor behind an effort urging regulators to break up Facebook Inc. FB, -0.94% Axios reported Thursday. On Wednesday, a New York Times report said […]
Barclay Hedge Fund Index down 3.06% in October (-1.90 YTD)
(Opalesque) Hedge Funds gave up 3.06% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 6.84% decrease in the S&P 500 Total Return Index. Year… To read this article:
SEC Brings Additional Charges in New York Boiler Room Scheme Targeting Seniors
(HedgeCo.Net) The Securities and Exchange Commission today brought additional charges against a Long Island, New York-based boiler room previously sued for defrauding elderly and unsophisticated investors. The latest charges allege that First Choice Healthcare Solutions Inc. CEO Christian Romandetti, the […]
Genesis secures $3m Series A funding from Illuminate Financial and Tribeca Angels
(Hedgeweek) International capital markets software firm genesis has completed a Series A financing round, securing a total of $3 million from Illuminate Financial, a UK-based capital markets venture capital firm, and Tribeca Angels, a New York venture group. To read […]
India’s top hedge fund turns to state-run banks as bad loans wane
(Reuters) – India’s top hedge fund is exploring opportunities in state-run banks, a sector shunned by most investors till now, as valuations turn attractive and the backlog of bad loans that have riddled lenders start to dwindle. To read this […]
Which Hedge Funds Got ‘Whale Rocked’ in October?: Taking Stock
(Bloomberg) Today is the deadline for 13Fs, where funds of all kinds will disclose what stocks they bought and which ones they sold in the third quarter. But this filing period is a bit different than others because the quarter […]
PG&E Rout May be Hitting Hedge Funds After Raised Bets Before Fire
(Reuters) Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s (PCG.N) tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California’s deadliest […]