Category Archives: Syndicated
Energy Hedge Funds Surge To Best Gains Since April 2016
(Opalesque) Energy hedge funds soared in May to the best monthly gain since April 2016, leading the performance of the broad-based HFRI Fund Weighted Composite Index® with strong complementary contributions from Healthcare, Energy Infrastructure, and Technology exposures. The HFRI EH: […]
China’s $50 bln bid for market calm might backfire
(Reuters) – China’s near-$50 billion bid for market calm might backfire. The securities regulator last week approved six new funds that will guarantee demand for a string of big tech listings, while locking up backers’ money for three long years. […]
BlackRock’s Biggest Hedge Fund Bleeds Talent
(Bloomberg) BlackRock Inc. has lost senior talent at its largest hedge fund. Two deputy chief investment officers at the firm’s Fixed Income GlobalAlpha fund left: David Horowitz departed in the first quarter and Benjamin Brodsky exited in April, spokesman Ed […]
Britain’s Whitbread Open To Selling Either Costa Or Premier Inn
(Reuters) Britain’s Whitbread (WTB.L) is open to selling its Costa coffee chain or Premier Inn hotels and abandoning its original plan to spin-off the coffee business, according to a new executive pay scheme circulated to shareholders. The FTSE 100 company […]
Big Macro Hedge Funds Cashed In On the Mess From Italy, Trade Wars
(Bloomberg) Some boldface names at macro hedge funds, a sector that’s struggled in recent years, are posting big results. Alan Howard is up 44 percent this year through May. Jeff Talpins 18 percent. And Dharmesh Maniyar, who uses machine learning […]
Wall Street Will Make More Risky Bets After Rule Change
(CNBC) Pockets of big risk-taking have persisted within the banks – and that could jump with last week’s proposed changes to the Volcker Rule. Goldman Sachs and Morgan Stanley are seen as most likely to take advantage of trading opportunities […]
NYSE Comes Out Swinging In SEC Pricing Test, Pitting Itself Against Major Pensions And Fund Managers
(CNBC) At issue is the SEC’s plan to run a pilot test of how the stock market is affected by the transaction fees and rebates that exchanges use to attract trade orders from brokers. NYSE argues that the SEC’s test […]
Procter & Gamble Shares Rise After Activist Peltz Says His Reorganization Plan Under ‘Very Serious Consideration’
(CNBC) Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicates his proposal for reorganizing the company is gaining traction. To read this article:
A Founding Partner At Struggling Hedge Fund Tourbillon Has Bailed
(The Business Insider) Amy Zipper, the chief operating officer and president, left last week, people familiar with the matter said. Tourbillon’s assets have significantly dropped while the fund has underperformed…. To read this article:
Automation is top priority for traders
(Hedgeweek) Seventy one per cent of buy-side heads of trading and FX regard automation as their biggest priority, followed by 49 per cent who cite finding alternative methods to source liquidity as their prime concern. To read this article:
Elliott’s Singer agrees with Buffett, Dimon on profit guidance
(Reuters) Hedge fund Elliott Management Corp Chief Executive Paul Singer said on Thursday he agreed with billionaire investor Warren Buffett and JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon that companies should move away from providing quarterly earnings guidance. To […]
Germany’s E.ON Puts Fate Of Uniper Management In Fortum’s Hands
(Reuters) A vote that could have triggered a probe into whether managers of German energy company Uniper (UN01.DE) tried to block the sale of a 47 percent stake to Finland’s Fortum (FORTUM.HE) was postponed on Wednesday in line with a […]