Monthly Archives: November 2018
Only a Third of Hedge Funds Charge ‘2 and 20’ Fees
(Financial News)The standard “2 and 20” hedge fund fee model is now used by only 30% of hedge funds, according to an industry expert. Keith Seibert, managing director at CM Capital Advisors, the investment firm that invests in hedge funds, […]
Stock Research Firm and Co-Founders Charged With Deceiving Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers […]
Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth:
(Reuters) Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc (ATHN.O) for $5.5 billion in cash, people familiar with the matter said on Sunday. To read this article:
Gold prices hold steady near 1-month low
Gold prices were steady on Monday, having dipped to a one-month low in the previous session after the U.S. dollar firmed on the Federal Reserve’s plans to gradually keep tightening borrowing costs. To read this article:
Compensation Soars for Hedge-Fund Managers
(New York Post) The wallets of hedge-fund managers are looking fatter this year. Total compensation for hedge fund portfolio managers is expected to climb 40 percent, to $1.4 million, in 2018, according to Institutional Investor’s second annual All-American Buy-Side Compensation […]
BNP Paribas Capital Partners announces the appointment of Charlotte Laurent as head of sales
(Opalesque) BNP Paribas Capital Partners (BNPP CP), BNP Paribas Asset Management’s alternative investments selection specialist, announces the appointment of Charlotte Laurent as Head of Sales. Based in Paris, Charlotte joined in September and reports to Gilles Guerin, CEO of BNPP […]
Hedge Funds Target UK Banks as Brexit Deadline Looms
(Proactive Investors) UK banks are being targeted by a London hedge fund founded by Paul Marshall, the father of Mumford & Sons’ lead guitarist, Winston. To read this article:
The Quant King, the Drug Hunter, and the Quest to Unlock New Cures
(Bloomberg) Ten years ago, drug hunter Mark Murcko was thinking about motion. Then the chief technology officer of Vertex Pharmaceuticals Inc., Murcko was a pioneer. It’s rare for a scientist to bring even a single drug to market over the […]
Quants are Facing a Crisis of Confidence
(Bloomberg) Wall Street’s quant wizards often argue that many of their math-driven strategies are designed for the long-term. But they’ve rarely had to shout this loud. Global equities posted the worst run in six years in “Red October,” and it […]
Network Marketer Charged with Masterminding a Multimillion Dollar Ponzi and Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged an individual and seven corporate entities that he controlled with defrauding investors through the promotion and operation of a multimillion dollar Ponzi and pyramid scheme. The SEC alleges that Eric J. “EJ” […]
ITG Charged With Misleading Dark Pool Subscribers
(HedgeCo.Net) The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, […]
October CTA performance hit by challenging market environment, says Societe Generale
(Hedgeweek) Following a slightly challenging September period, CTAs reported negative performance in October, according to data released by Societe Generale. To read this article: