Author Archives: Jurica Dujmovic
Fidelity Slashes Commissions in the Latest Salvo in the Fee Wars
(Bloomberg) Fidelity Investments is lowering online commissions for trading in U.S. stock and exchange-traded funds by nearly 40 percent, to $4.95 from $7.95 a trade for individual investors. The nation’s largest online retail brokerage firm, with 17.9 million accounts and […]
Valeant-Related Lawsuit Against Sequoia Fund Dismissed
(Reuters) – A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International, causing billions of dollars of losses. To […]
Platinum Partners Saga Reignites Concerns About Cayman ‘Beach Boards’
(Reuters) Criminal charges against top executives of $1.4 billion hedge fund manager Platinum Partners, which drew five of its six independent directors from firms in the Cayman Islands, for allegedly running the firm “like a Ponzi scheme” have revived an […]
A Hedge Fund’s French Showdown
(Bloomberg) Safran SA has launched a weak counter-attack against hedge fund TCI Fund Management Ltd.’s opposition to its proposed 9.7 billion euro ($10.3 billion) takeover of Zodiac Aerospace. The French jet engine maker is still short on strategic and financial […]
Berkshire Profit Climbs 15% to $6.29 Billion on Investments
(Bloomberg) Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit rose 15 percent, fueled by a gain on an investment in Dow Chemical Co. Net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333….. To read […]
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HedgeCoVest provides turnkey access to alternative investment strategies. The award winning SMA/UMA platform opens the door to accredited and non-accredited investors who previously may have been restricted from investing in alternatives, while providing security, transparency, liquidity and minimums as low as $10,000. […]
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HedgeCoVest, the 2015 Benzinga Fintech “First Place Winner” and “Best in Class” for Alternative Investments, is continuing to lead the way in the democratization of alternatives for RIAs. HedgeCoVest provides the security and intra-day liquidity of SMAs, with the additional benefits […]
Manager Profile and Insights: Herb Friedman, New Century Financial Group
New Century Financial Group is structured more as a traditional investment manager than a hedge fund, but we found their approach to investing to be interesting enough and different enough that we wanted to interview the investment manager, Herb Friedman. […]
High Yield Hedge Fund Blocks Investor Redemptions, Possible Bad Sign
New York (HedgeCo.net) – We reported on Friday that the Third Avenue Focused Credit Fund, a mutual fund focused on trading high-yield debt, has blocked investor redemptions in order to liquidate the fund in a more controlled manner. The blocking […]
Top-Performing Mutual Fund Takes Advantage of Flaws in ETFs
New York (HedgeCo.net) – One of the top performing mutual funds for 2015 is one that takes a page out of the hedge fund playbook. The Catalyst Macro Strategy fund, an actively traded alternative mutual fund, is producing very strong […]
MOVES-Man Group says plans to appoint former BT chief as chairman
LONDON, Dec 14 (Reuters) – British hedge fund Man Group (LSE:EMG.L – news) said on Monday it was appointing Ian Livingston, a former chief executive of BT and former British trade minister, as its chairman, subject to regulatory approval. Livingston […]
Hedge fund LionEye to shut after losses, redemptions -sources
BOSTON, Dec 11 (Reuters) – LionEye Capital, a $1.5 billion event-driven hedge fund, is closing its doors at the end of December after suffering double digit losses and heavy redemptions this year, two people familiar with the matter said. The […]