Monthly Archives: November 2017
Bitcoin Recovers From Sudden Selloff as Large Swings Persist
(Bloomberg) Bitcoin rallied as much as 20 percent from its Wednesday low, easing concern that an abrupt selloff in the cryptocurrency might spiral into something deeper. The digital currency climbed as high as $10,787.99 in Asian trading hours Thursday, after […]
SEC Nominees Blocked in Senate as Democratic Senator Seeks Answers
(Reuters) Approval of a pair of nominees to serve as commissioners at the Securities and Exchange Commission is being delayed in the U.S. Senate by a Democratic lawmaker, in turn posing challenges to any significant rulemaking by the SEC. Senator […]
SEC Short-Selling Focus Snares Millennium Over Lapse In Simple Rule
(Reuters) U.S. securities regulators on the lookout for manipulative trading violations have gotten very good at uncovering them, and firms must be on their guard to prevent infractions. This was evident last week when the U.S. Securities and Exchange Commission […]
Folger Hill Raises Fresh Cash for Burgeoning Asia Investment Unit
(Reuters) A budding business in Asia is helping revive the fortunes of U.S. hedge fund executive Sol Kumin. The Singapore and Hong Kong-based unit of Kumin’s Folger Hill Asset Management LP received a second commitment of up to $250 million […]
OPIM, Golden Finger Launch Cayman-Domiciled CTA Macro Hedge Fund
(Opalesque) Hong Kong-based hedge fund platform OP Investment Management Ltd. (OPIM) has teamed up with Golden Finger (Cayman) Fund Company to launch Goldenfinger Global No.4 Fund SP (Sunrise SPC), a Cayman domiciled hedge fund for professional investors. Li Jiacheng, the […]
eVestment: Hedge Fund Asset Flows Turn Negative In October
(Opalesque) After a string of strong performance this year, some hedge fund investors may be doing a bit of profit-taking, with redemptions of -$2.9 billion from hedge funds in October, according to the just-released eVestment asset flows report. However, performance […]
Famous Last Words: ‘I Thought I Was Safe’
(HITC Business) The financial markets are ‘not the high-paying, glamorous place (they) once was’. The New York Post reports that Andrew Juhasz believed that a job on Wall Street was the ticket to the good life. The former West Islip, […]
HF Corporate Strategy Roles Spike in Turbulent Times
(HFObserver) Goldman Sachs, top strategy consulting firm alums, entrepreneurs heavily favored candidate backgrounds.Necessity — sometimes a catchword for poor investment performance — is the mother of invention. And as hedge fund managers make essential corporate decisions this year, they’ve been […]
Preqin: Price Swings Make Challenging Environment for CTAs
(Opalesque) Pricing volatility in currency and energy markets has created a challenging performance environment for CTAs in 2017 so far. As at the end of September, the Preqin All-Strategies CTA benchmark has recorded year-to-date losses of 0.04%, compared to gains […]
Long Island Town and Former Top Official Charged With Defrauding Municipal Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by hiding the existence and potential financial impact of side deals with a […]
RIAs allocating more to alternative assets in 2018, says survey
(Hedgeweek) A survey of RIAs with assets under management of USD500 million or more by alternative investment solutions provider PPB Capital Partners has found that holdings of alternative investments in client portfolios are likely to increase over the next 12 […]
Why Hedge Funds Should Think About Paying Bonuses Before Tax Overhaul
(Bloomberg) Hedge fund firms should consider paying out bonuses before the end of the year so employees can take advantage of current tax breaks before they potentially change, according to Nicholas Tsafos, partner at accounting firm EisnerAmper…..“It is better for […]