Author Archives: Jurica Dujmovic
Marijuana Helped the World’s Top Hedge Fund Gain 145%
(Bloomberg) Bets on marijuana companies helped an Australian manager soar 145 percent last year to become the world’s best-performing hedge fund. Stock and credit investments in North American marijuana producers contributed to 22 percentage points of last year’s gain for […]
In the Asset-Management Pressure Cooker
(Bloomberg) Behemoth investment firms, from Fidelity to Vanguard to BlackRock, are locked in fierce competition to attract assets, even if that means dropping their fees closer to zero. The result has been increasing strain…. To read the entire article, click […]
Arconic Names Former UTC Exec to Board Amid Proxy Fight With Elliott
(Reuters) U.S. specialty metals maker Arconic Inc said on Thursday it appointed former United Technologies Corp executive David Hess as an independent director on its board amid a proxy battle with hedge fund Elliott Management Corp. Arconic said Hess will […]
Top Avianca Shareholder Efromovich Says Deal With United ‘Will Happen’
(Reuters) Avianca Holdings SA AVT_p.CN top shareholder, German Efromovich, said on Thursday that a deal between Avianca and United Continental Holdings Inc (UAL.N) “will happen,” despite a lawsuit aimed at blocking the deal filed by the airline’s No. 2 shareholder […]
Investors See Snap’s IPO as ‘Too Big to Fail’
(Reuters) Institutional investors anxious not to be left out of this year’s marquee initial public offering helped Snap Inc pull off the biggest U.S.-listed technology share sale this week since Chinese e-commerce juggernaut Alibaba Group Holding Inc smashed records in […]
Africa’s Top Hedge Fund Starts Food-Focused Private-Equity Unit
(Bloomberg) Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The […]
Kensington Wealth Advisors LLC Investment Strategies Offered on HedgeCoVest Platform
Kensington Wealth Advisors, LLC, a registered investment advisor, has teamed up with HedgeCoVest LLC to add Kensington’s Strategic Corporate Income Strategy to the HedgeCoVest Managed Accounts Platform and the SMArt Xchange (‘SMArtX’), a unified managed accounts platform available exclusively to […]
For Better and Worse, Ackman’s Still Betting Against Herbalife
(Bloomberg) Last summer, shortly after Herbalife agreed to settle allegations of deceptive practices by paying $200 million and agreeing to overhaul its business model, Bill Ackman sent me a link to the settlement with a short note. “Please give this […]
This Struggling Hedge Fund Hopes Trump Will Revive its Fortunes
(Bloomberg) Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka […]
Hedge Fund Citadel Joins Industry’s Standard-Setting Body
(Reuters) Hedge fund giant Citadel on Wednesday became the latest U.S. investment firm to join the Hedge Fund Standards Board, the industry’s global standard-setting body said in a newsletter. The London-based group said hedge fund managers Citadel plus Bermuda-based Hiscox […]
Management Shake-Up at Bridgewater as Dalio Drops Co-CEO Role
(Reuters) The world’s largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure, according to a note posted on LinkedIn Wednesday. Billionaire firm founder Ray Dalio will no longer serve as co-chief executive officer of the Westport, […]
Beachhead Capital Management’s Equity Hedge Dynamic Beta LO Strategy Selected for the SMArt Xchange
(HedgeCo.Net) – Beachhead Capital Management’s (“Beachhead”) long only, ETF-based, model-delivery Equity Hedge Dynamic Beta investment strategy has been selected for inclusion on the SMArt Xchange (‘SMArtX’), a collaboration between HedgeCoVest LLC and SS&C Advent, part of SS&C Technologies (NASDAQ: SSCI). SMArtX is a next […]