Category Archives: Syndicated
Hedge fund Elliott hires Goldman partner Barg as head of corporate engagement
(Reuters) – Elliott Management, one of the world’s busiest activist investors, has hired a Goldman Sachs Group Inc (GS.N) partner as its head of corporate engagement as the hedge fund continues to push companies around the globe to perform better. […]
PG&E evaluating proposal from hedge funds Knighthead Capital, Abrams Capital
(Reuters) – Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company. To read this article:
Deloitte Sues Hedge Fund Manager Jeremy Leach Over Life Settlements Fund Liquidation
(Opalesque) Bailey McCann, Opalesque New York: Deloitte & Touche is suing hedge fund manager Jeremy Leach, associate William McClintock, and several other entities for $17.8 million in damages over allegedly fraudulent fees and other transactions related to Leach’s Traded Life […]
Chinese Bears See Trade War Worsening, Flee to Safe Havens, Derivatives
(Reuters) Many Chinese investors are piling into products that provide a hedge against a stock market collapse, convinced now that the Sino-U.S. trade war will drag on and, if anything, intensify. The dramatic shattering of a month-long truce between Beijing […]
OCIO Conflicts of Interest: Fee Fiddles and Performance Puffery
(AlphaWeek) The chief responsibility of an OCIO is to act as a trusted advisor and a co-fiduciary. Alignment, trust, transparency, and a spirit of partnership are critical ingredients of a successful OCIO relationship. It is therefore essential that institutional investors […]
Largest hedge fund advisers taking a long-term view on business, says new study
(Hedgeweek) In a new study of the nation’s largest SEC-registered hedge fund advisers, data reveals that advisers are taking a conservative, long-term approach to their business decisions, regardless of asset declines experienced by many from 2017 to 2018. To read […]
Deloitte sues hedge fund manager Jeremy Leach over life settlements fund liquidation
(Opalesque) Deloitte & Touche is suing hedge fund manager Jeremy Leach, associate William McClintock, and several other entities for $17.8 million in damages over allegedly fraudulent fees and other transactions related to Leach’s Traded Life Policies Fund. Deloitte was tasked […]
Largest hedge fund advisers confident to withstand short-term marketplace cyclicality
(Opalesque) A study confirms the notion that larger hedge fund advisers are generally much more institutionalized in their approach, and have built their businesses to withstand short-term marketplace cyclicality. The Seward & Kissel 2017/2018 Form ADV Study said that while […]
Fintech investment in China slumps: KPMG
(Opalesque) The venture capital and private equity investment into fintech companies in China amounted to $2.5bn across 32 deals in the first half of 2019, down from the $16.3bn across 77 deals seen in the first half of 2018. According […]
Barnes and Noble has been officially sold to Elliott Advisors; Daunt is new CEO
(Opalesque) The largest activist fund in the world Elliott has completed its $683m acquisition of US book giant Barnes & Noble following approval by the majority of shareholders. Elliott’s acquisition of Barnes & Noble, the largest retail bookseller in the […]
U.S. dollar: When will bulls turn to bears?
(Reuters) – Trump wants it to be cheaper. The IMF says it should be cheaper. Hedge funds think it has room to run. So what gives with the dollar? To read this article:
Hedge Fund Hoplite Capital Plans to Shut Down
(Reuters) Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday.“I have decided to close the Hoplite managed funds and return third-party […]