Monthly Archives: February 2019
Settlement Concluded with Broker in Case Alleging Public Offering Allocation Fraudulent Practices
(HedgeCo.Net) The U.S. District Court for the District of New Jersey has entered a final judgment against defendant Brian Hirsch, who was charged by the SEC in connection with public offering allocation practices at two large brokerage firms. The SEC’s […]
Papa John’s founder Schnatter says he welcomes hedge fund Starboard Jessica DiNapoli
(Reuters) – Papa John’s International Inc founder John Schnatter welcomes hedge fund Starboard Value LP’s investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company. To read this article:
U.S. hedge fund Tiger Global sells entire stake in Barclays
(Reuters) – U.S. hedge fund Tiger Global Management has sold its entire stake in Britain’s Barclays Plc, the Financial Times reported on Sunday. The hedge fund, which had a stake of about 2.5 percent in the bank, began reducing its […]
Neuberger Berman hires head of portfolio solutions
(Hedgeweek) Neuberger Berman, a private, independent, employee-owned investment manager, has hired Joe McDonnell as head of portfolio solutions (EMEA). To read this article:
Hedge Funds Accelerate Oil Buying
(Reuters)Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday. To […]
Hedge Fund Operator Plans $1 Billion India-Focused ESG Fund
(Bloomberg) Avendus Capital Ltd. has started accepting money for one of India’s first funds to base investment decisions on environment, social and governance parameters as investor concerns about governance at Indian companies surge. “Traditionally, university endowments and pension funds tend […]
Hedge fund redemptions hit five-year high of USD42.3bn in December
(Hedgeweek) Hedge fund redemptions reached USD42.3 billion in December, according to the Barclay Fund Flow Indicator, published by BarclayHedge, the largest monthly outflow in at least five years. To read this article:
The Revolutionary Way Of Using Artificial Intelligence In Hedge Funds
(Forbes) The Case Of Aidyia To read this article:
Charges Filed in Elaborate Microcap Stock Fraud
(HedgeCo.Net) Four individuals and related businesses have been charged for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million. According to the SEC’s complaint, from […]
SkyBridge Capital appoints Joe Grano as Senior Adviser
(Hedgeweek) Alternative investments firm SkyBridge Capital (SkyBridge) has appointed Joseph J Grano, Jr as a senior adviser to the firm. To read this article:
Big Hedge Funds Dumped China Stocks, Apple as Market Tumbled
(Reuters) Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday. To […]
Hedge Funds From Appaloosa to Third Point Slash Stocks: 13F Wrap
(Bloomberg) Hedge fund managers were busy protecting performance and taking risk off the table in the fourth quarter, according to regulatory filings. Many saw the value of their U.S. equity holdings drop in the period, as the industry careened toward […]