Monthly Archives: November 2018
Equities MDs said to be hit particularly hard in Goldman partner promotions
(eFinancial) Sometime this week, Goldman Sachs will announce who is being promoted to partner at the firm this year…The expectation is that managing directors in compliance, control and legal divisions will lose out as CEO David Solomon focuses on promoting […]
Ex-Morgan Stanley algo trader reappears at Caxton Associates
(eFinancial Careers) Selim Adyel, a former associate on Morgan Stanley’s algorithmic trading desk, has joined Caxton Associates after a sabbatical during which he studied artificial intelligence and crytpocurrencies….. To read this article:
New Funds Take Pay Cut If They Can’t Beat the Market
(Wall Street Journal) A wave of stock-picking firms are stepping up their fight against cheap exchange-traded and index funds with new offerings that dial back fees if they can’t beat the market. To read this article:
Online Marketers Charged with Conning Main Street Investors Through Rags-To-Riches Infomercials
(HedgeCo.Net) The Securities and Exchange Commission has charged a group of internet marketers who allegedly created and disseminated elaborate rags-to-riches videos to trick retirees and other retail investors into opening brokerage accounts and trading high-risk securities known as binary options. […]
Dollar Wobbles But Hedge Funds Keep Upping Bullish Bets
(Bloomberg) Hedge funds are finally making some inroads with their bullish U.S. dollar bets and are continuing to up their stakes. With the greenback breaking out of its recent trading range last week, speculators increased their net long positions on […]
Odey’s October Gains Boost Hedge Fund Returns to 48% This Year
(Bloomberg) Crispin Odey, fighting to recover from three successive years of losses in his main hedge fund, made money last month as his long-running bearish bets paid off. The Odey European Inc. fund gained 7.2 percent in October, boosting returns […]
October’s Hedge Fund Haunting Leaves Big Names With Losses
(Reuters) October was humbling for many hedge funds, including some of the $3.2 trillion industry’s biggest names, as sinking stock markets took a bite out of returns and could pave the way for more redemptions in the next months. To […]
Leawood Hedge Fund Named As One Of The Nation’s Best
(Bizjournal) The flagship fund for Leawood-based Cognios Capital LLC was named as one of the best hedge fund strategies in the nation in 2018. Launched Dec. 31, 2011, and opened to the public in early 2013, the Cognios Market Neutral […]
Goldman Sachs’ ex-head of EM trading to join Millennium in early 2019
(eFinancial) Remember Uberto Palomba? He’s the ex-Goldman Sachs managing director and former head of EMEA emerging market trading who spent three years at hedge fund Citadel before leaving in March 2018. He’s planning a comeback. Sources say Palomba is joining […]
GAM Rebuffs Schroders Approach For Hedge Fund Unit
(Financial Times) Schroders has approached embattled Swiss investment group GAM over a potential acquisition of its Systematic division that houses the Cantab quantitative hedge fund. However, GAM has rebuffed the approach, concerned that selling one of its prized assets would […]
Hedge funds overly optimistic on risk, SocGen finds
(Zilliuns) Shifts in hedge fund positions are watched by other institutional investors as important short-term directional market signals, particularly when the outlook for an asset class is unclear. Société Générale, the French investment bank, has for the first time combined […]
Activist Investor Icahn Sues Dell Over Ipo Plans
(Reuters) Activist investor Carl Icahn sued Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock (DVMT.N). To read this article: