Monthly Archives: February 2019
SEC Charges Founder of Online Gaming Company Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming business. According to the SEC’s complaint, among other misrepresentations, […]
CTAs start 2019 in the red
(Hedgeweek) Following an initial positive run in the first few days of the year, all of Societe Generale Prime Services’ CTA Indices were in negative territory by the end of January. To read this article:
Embrace the Short Bet Is Canadian Hedge Fund Mantra for 2019
(Bloomberg) Canadian hedge funds which boosted short positions outperformed in what was the worst year for the sector since 2011. Focusing on small companies also helped. Shorting will be key again this year, according to Forge First Asset Management Inc., […]
Hedge Fund Market Growing Rapidly in Korea
(Business Korea) Hedge funds, which were once considered an investment vehicle only for well-heeled investors, have become a popular investment tool among ordinary Korean investors 10 years after the introduction. In particular, hedge funds, which are relatively insensitive to stock […]
Hedge Fund Strategies Experienced a Symmetric Move in January
(Opalesque) Hedge fund strategies experienced a symmetric move as market conditions switched swiftly from panic mode to exuberance mode over the recent weeks. Those who suffered in December rebounded last month (L/S Equity, Special Situations) while those who were resilient […]
Appaloosa Steps Up Pressure on Allergan to Split Chairman, CEO Roles
(Reuters) Hedge fund Appaloosa LP on Tuesday urged pharmaceutical company Allergan Plc to split its chairman and chief executive roles, arguing that an independent chair could help CEO Brent Saunders boost the company’s sagging share price. Appaloosa’s billionaire founder David […]
Democrats Target Wall Street With Financial Trade Tax Proposal
HF (Bloomberg) Wall Street would bear the brunt of the latest tax proposal as Democrats jockey for the most progressive tax ideas with the approach of the 2020 elections. Senator Brian Schatz, a Hawaii Democrat, is working on a plan […]
Arconic Replaces CEO in Slap to Hedge Fund Elliott Management
(New York Post) Activist hedge fund Elliott Management suffered a setback in its push to sell aluminum company Arconic following an unexpected C-Suite reshuffling that ousted a major Elliott ally, sources told The Post. The New York aluminum parts company […]
Deutsche Bank Knows How Good Hedge Fund Analysts Are At Their Job
(AlphaWeek) Bank’s quant research team finds a way to identify individual outperforming stock pickers at long/short hedge funds To read this article:
Catalyst Funds launches Catalyst Enhanced Income Strategy Fund
(Opalesque) Catalyst Funds, an alternative-focused mutual fund company, today announced the launch of the Catalyst Enhanced Income Strategy Fund (EIXIX). The Fund employs an income-focused strategy that invests in a variety of non-traditional income asset classes. EIXIX invests primarily in […]
UK Hedge Funds To Prepare Their Senior Managers For New Regulatory Regime
(Opalesque) Sani Jackson, London-based director at Optima Partners, a global regulatory compliance and risk management firm, warms UK-based fund managers of some (non-Brexit related) regulatory issues they cannot ignore this year. The UK FCA’s Senior Managers and Certification Regime (SM&CR) […]
Four Public Companies Charged With Longstanding ICFR Failures
(HedgeCoNet) The Securities and Exchange Commission has settled charges against four public companies for failing to maintain internal control over financial reporting (ICFR) for seven to 10 consecutive annual reporting periods. Two of the charged companies also failed to complete […]