Monthly Archives: February 2019
Harvard Picks Ex-Hedge Fund Manager, California Judge for Board
(Bloomberg) Harvard University selected former hedge fund manager Timothy Barakett and California Supreme Court Justice Mariano-Florentino Cuellar for its 13-member governing board. Barakett closed his hedge fund, Atticus Capital LP, in the aftermath of the global financial panic in 2010. […]
Pernod Gets the Gentle Treatment From New York Hedge Fund
(Bloomberg) Billionaire Paul Singer is often portrayed as every CEO’s worst nightmare. His hedge fund Elliott Management Corp. is known for aggressive activist campaigns that put boardrooms under pressure to make radical changes, or get swept aside. But his latest […]
CalSTRS backs New Activist Hedge Fund Impactive with $250 Million
(Reuters) The California State Teachers’ Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month. To read […]
Paul Singer Taking New Kinder, Gentler Thing To A Whole New Level
(Dealbreaker) Insults and intransigence brushed off without a response in kind? What is going on? To read this article:
Hedge Funds Post Best Month in Nearly Ten Years
(Institutional Investor) Is 2019 the year hedge fund firms come back into vogue? If hedge fund firm return data from January is any indication, the answer could be yes. New data from eVestment, an asset management analytics firm, show that […]
Husband and wife to pay over $1m to settle futures trading scheme fraud charges
(Hedgeweek) Washington State residents Sung Hong a/k/a Lawrence Hong or Laurence Hong, his wife, Hyun Joo Hong a/k/a/ Grace Hong, and their company Pishon Holding, are to pay more than USD1.25 million in restitution in connection with an enforcement action […]
SEC Obtains Judgment Against Donato Baca, Jr. in Ponzi Scheme
(HedgeCo.Net) The SEC has charged Baca, his business partner, Jonny Ngo, and NL Technology, LLC with lying to investors. According to the SEC’s complaint, NL Technology, Ngo, and Baca raised more than $61 million from over 350 investors by falsely […]
Former BlackRock Exec Gets $200 Million Backing From Blackstone
(Bloomberg) A hedge fund startup run by Michael Phelps, a former head of European credit at BlackRock Inc., has attracted a $200 million investment from Blackstone Group LP, according to a person with knowledge of the matter. That puts Phelps’s […]
U.S. Hedge Fund Hound Partners Discloses 5 Percent Stake In UK’s Metro Bank
(Reuters) U.S. hedge fund Hound Partners disclosed a 5.05 percent stake in British lender Metro Bank Plc, a filing showed on Friday. The stake would make Hound Partners Metro Bank’s sixth biggest investor, according to Refinitiv Eikon data. To read […]
Apollo nears $3 billion deal to buy Cox TV stations
(CNBC) Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox’s TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in U.S. broadcasting, according to […]
Why Energy Still Looks Cheap
(Harvest) The S&P 500 Index rose roughly 8% in January, the best start to a year since 1987. Despite the magnitude of the rally, the S&P 500 Energy Sector has outperformed by more than 5%. As impressive as the gains […]
Understanding the Brexit Quandary
(Harvest) How should an investor position for Brexit? As the end-March deadline approaches for the U.K. to leave the European Union with or without a “withdrawal agreement,” markets have been increasingly on edge. There doesn’t seem to be any way […]