Monthly Archives: February 2019
Top Firm Said to Make $120m in Trading Profits in Single Day
(HITC) Not a bad day at the office. To read this article:
GAM Expects ‘Challenging’ 2019, Sacks Suspended Director
(Reuters) Assets under management at GAM Holding AG continued to fall at the end of last year, the Swiss group said on Thursday as it forecast a “challenging” 2019 ahead. GAM had a torrid year after being forced to write […]
Broker-Dealer and Transfer Agent Charged in Microcap Shell Factory Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against a broker-dealer, a transfer agent, and three individuals for their roles in the creation of over a dozen undisclosed “blank check” companies from 2009 to 2014. In its complaint, the […]
Cognizant To Pay $25-Million To Settle FCPA Violations
(HedgeCo.Net) Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company’s former executives were charged for their roles in facilitating the payment of […]
OKEx reports 223 per cent trading volume growth in first two months
(Hedgeweek) OKEx, a Malta-based digital asset exchange, recorded 223 per cent growth in monthly trading volume in the two months following its launch. To read this article:
SEC Proposes to Expand “Test-the-Waters” Modernization Reform to All Issuers
(HedgeCo.Net) The Securities and Exchange Commission has voted to propose an expansion of a popular modernization reform that would permit investor views about potential offerings to be taken into account at an earlier stage in the process than is the […]
Paul Tudor Jones Hits Palm Beach With Mick Mulvaney by His Side
(Bloomberg) Paul Tudor Jones sat with Mick Mulvaney, the acting White House chief of staff, on Saturday night in Palm Beach. It might’ve been the closest the hedge fund manager has come to achieving alpha in his decades-long fight for […]
Caspian partners with Blockfills to provide institutional crypto-trading clients with off-exchange liquidity and real-time pricing
(Hedgeweek) Caspian, a full-stack crypto trading, portfolio and risk management platform for institutional and sophisticated traders, has partnered with Blockfills, an electronic, off-exchange digital liquidity provider, to provide institutional clients with access to deep liquidity and real-time continuous pricing. To […]
Hedge funds load back up on Facebook shares — these are their favorite stocks
(CNBC) Hedge funds loaded up on tech stocks at their fourth-quarter bottom, just in time to cash in on the double-digit To read this article:
Odey Says Regulator’s Wirecard Short Ban Paves Way for Lawsuits
(Bloomberg) British hedge fund titan Crispin Odey, who has bet that shares of beleaguered fintech Wirecard AG will plummet further, said Germany’s financial regulator has opened to door to potential lawsuits after it took the unprecedented step of banning short […]
This Hedge Fund Reaps Huge Returns But It Doesn’t Want Your Money
(Bloomberg) The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund. With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast […]
Papa John’s Founder Schnatter Says he Welcomes Hedge Fund Starboard
(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: