Category Archives: Syndicated
New Media Buying Gannett for $1.4 Billion to Form News Giant
(Bloomberg) New Media Investment Group Inc. agreed to acquire Gannett Co. in a $1.38 billion deal that unites the two biggest U.S. daily newspaper chains in an industry that’s consolidating to survive. To read this article:
Corzine Hedge Fund Firm Granted SEC Registration With Limits
(Bloomberg) Jon Corzine’s application to register his hedge fund firm was approved by the Securities and Exchange Commission, which attached a series of seldom-seen conditions on the company. To read this article:
Low beta hedge fund strategies are set to outperform
(Opalesque)Low beta stocks recorded a strong rise as trade tensions escalated at the end of last week, said Lyxor in its Weekly Brief. The defensive risk factor massively outperformed cyclical risk factors such as size and value over the past […]
Caspian launches crypto pairs trading functionality
(Hedgeweek) Caspian, a full-stack crypto trading, portfolio and risk management platform, has launched pairs trading functionality paving the way for funds looking to use statistical arbitrage and relative value-based strategies. To read this article:
For J.C. Penney CEO, debt haunts turnaround bid
(Reuters) – J.C. Penney Co Inc’s (JCP.N) stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. To read this article:
SCENARIOS-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? Since the trade war between the world’s two largest economies erupted […]
Asset managers farm out trading as costs and complexity climb
(Reuters) – It’s 10 o’clock at night, and Benjamin Arnold’s day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah. To […]
Hedge Fund Elliott Holds 5.51% Stake in Japan’s Unizo
(Reuters) U.S. hedge fund Elliott Management holds a 5.51% stake in Japanese hotel operator Unizo Holdings , according to a regulatory filing submitted on Tuesday in Japan. Japanese travel agency H.I.S. Co last month launched a tender offer for about […]
Europe’s Trading Desks Halt Long Slide as Credit Suisse Gains
(Bloomberg) Europe’s battered investment banks held their own in a quarter marked by challenging conditions, stopping a long slide in market share that has prompted painful adjustments across the continent. Even with Deutsche Bank AG slashing its trading units and […]
BlueMountain Shareholder AMG Weighs Hedge Fund Firm Exit
(Bloomberg) Affiliated Managers Group Inc. is exploring a sale of its majority stake in BlueMountain Capital Management, according to people familiar with the matter, after the firm took a first-quarter writedown as the hedge fund’s value fell. To read this […]
Wall Street’s Shady Swap Trades Spark Pushback From Regulators
(Bloomberg) Wall Street’s push to clean up a $10 trillion corner of the derivatives market is getting poor reviews from an important audience: global financial regulators. To read this article:
GAM Systematic’s alternative risk premia strategy surpasses $2bn milestone following strong inflows
(Hedgeweek) GAM’s alternative risk premia strategy has surpassed USD2 billion in assets under management (AuM) with inflows from multiple institutional investors in July bringing 2019 year to date inflows to more than USD 600 million and AuM to USD 2.4 […]