Monthly Archives: February 2019
Fidelity and Schwab Fire Latest Salvos in Brokerage Fee War, Doubling ETFs Available for Free Trades
(CNBC) The price war between major U.S. brokerages heated up Tuesday after Charles Schwab and Fidelity both announced they would expand commission-free trading to hundreds more exchange-traded funds.Both companies said they would make around 500 ETFs available for trading at […]
Activist Investors Fall Short on Gender Parity
(Bloomberg) Activist hedge fund managers are too passive when it comes to gender equality. Of the 143 board members who were nominated by activist hedge funds in 2018, just 19, or 13 percent, were women, according to a new study […]
Blackstone to Back ex-Eton Park Partner with $150 Million Seed
(Reuters) Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday. Wertentheil is launching Jones Road Capital Management […]
Top Hedge Fund Bets on Fannie Mae Preferred Stock Making Dough
(Valuewalk) Fannie Mae and Freddie Mac have been under U.S. government control for more than a decade now, but it’s finally sounding like that could end. One hedge fund which focuses on the financial services industry has been betting on […]
Paul Tudor Jones to Save World (and Capitalism) with an ETF
(Dealbreaker) Paul Tudor Jones has seen it coming for years: The growing wealth inequality, the conspicuous consumption of his fellow billionaires, the endless stock buybacks pushed by his compatriot hedge-fund managers are the little people fall further and further behind. […]
Wall Street’s Biggest Traders Are Building Their Own Exchange
(Bloomberg) Does the U.S. need another stock exchange? There’s no shortage of places to trade: Nasdaq, Cboe Global Markets, and Intercontinental Exchange Inc.’s NYSE division each run multiple public exchanges, and there are dozens of private markets housed inside banks. […]
Most Crypto Hedge Funds Aren’t Really Hedge Funds
(Coin Desk) If it walks like a VC, talks like a VC and acts like a VC, it’s probably not a hedge fund. And yet numerous crypto fund managers who’ve launched in the last few years have opted for the […]
Equity Hedge Funds Up +5.97% in January In Contrast to the -6.96% Returns Of 2018
(Opalesque) Global hedge funds started off strong in January 2019 with big winners like Equity funds, EM Funds, said eVestment’s January 2019 hedge fund performance data.”Global hedge funds, which ended a challenging 2018 with an industry aggregate return of -5.05%, […]
Court Enters Judgment Against Microcap Company and Two Promoters in Pump-And-Dump Scheme, Ordering Each Promoter to Pay Over $4.6 Million
(HedgeCo.Net) Jason McDiarmid, Kenneth George Cedric Telford, and Stop Sleep Go, Inc., formerly known as Interactive Multi-Media Auction Corp, have all been charged with running a pump-and-dump scheme in Interactive Multi-Media’s stock. The complaint alleged that McDiarmid and Telford took […]
Most hedge funds started 2019 on positive note with returns of 2.22 per cent, says Eurekahedge
(Hedgeweek) The Eurekahedge Hedge Fund Index rallied 2.22 per cent in January, supported by the global equity market rally which resulted from the Fed’s dovish stance and optimism over potential progress in the US-China trade talks. To read this article:
Special situation and L/S equity strategies rebound in January, says Lyxor
(Hedgeweek) The performance of broad hedge fund indices signal a sharp rebound of Special Situation strategies in January (+6.3 per cent), followed by L/S Equity strategies (+5.5 per cent), according to the latest Weekly Brief from Lyxor’s Cross Asset Research […]
Kyle Bass Says Mild U.S. Recession Most Likely in Middle of 2020
(Bloomberg) Kyle Bass, founder of Hayman Capital Management, said the U.S. most likely will enter a mild recession by the middle of 2020 as the bounce from fiscal stimulus wanes. The hedge fund manager said it’s unlikely that Democrats, who […]