Category Archives: Syndicated
In Q2, Hedge Fund See First Quartlerly Outflows Since 2016
(Valuewalk) In Q2 2018, hedge funds recorded their first quarterly outflows since Q4 2016. Despite investors withdrawing $1.2bn in capital in Q2 2018, performance has driven hedge fund industry AUM to a record high of $3.61tn as at June 2018 […]
Elon Musk Charged with Securities Fraud for Misleading Tweets
(HedgeCo.Net) The Securities and Exchange Commission has charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, […]
Harbinger hedge fund manager to pay $30 million in New York tax accord
(Reuters) – An offshore hedge fund firm whose investing was led by money manager Philip Falcone will pay $30 million to resolve claims it knowingly evaded hundreds of millions of dollars of New York state and New York City taxes, […]
CEO’s Plan to Save Sears Would Hand His Hedge Fund $1 Billion
(Bloomberg) Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert’s hedge fund. Lampert, Sears Holdings Corp.’s chief executive officer, called this week for the underperforming retailer to stanch […]
Prime brokerage perspectives 2018
(Hedgeweek) This report examines how intense trading-focused relationships between prime brokers and hedge funds are evolving into sophisticated, deep data models driven by technology as prime brokers strive to compete and make themselves indispensable to clients. To read this article:
U.K. Flooded by Foreign Activist Investors Undeterred by Brexit
(Bloomberg) A weaker pound and rally in U.S. markets have prompted activist investors including billionaire Paul Singer’s Elliott Management Corp. to increasingly target U.K. companies, outstripping the number of public campaigns by locally based funds. Sixty percent of the Britain-based […]
Hedge Fund Fees Hindering Investment by Pension Schemes
(Hedgeweek) High management fees are a key hindrance preventing pension schemes from investing in hedge funds, followed closely by a lack of transparency regarding additional costs, according to the latest survey by AMX. The research by AMX, an open architecture […]
Citadel’s Ken Griffin Sees 18-to-24 Months Left in Market Rally
(Bloomberg) Ken Griffin, chief executive of hedge fund firm Citadel, said that there are at least 18-to-24 months left in the market rally, thanks to the “giant adrenaline shot” of the U.S. tax overhaul. “We are in this debt-fueled buying […]
KRS Wins Lawsuit While Another Suit Over Hedge Fund Investments Is Ongoing
(Plan Sponsor) A court agreed that the Kentucky Retirement System board of trustees were permitted by law to choose alternative investments one city claimed produced small returns and high fees….Meanwhile, a lawsuit alleging investment firms sold investments to KRS that […]
$8B Hedge Fund ExodusPoint Capital Expands at Park Avenue Tower
(Commercial Observer) ExodusPoint will grow by 17,832 square feet, bringing its footprint to 35,710 square feet on the entire ninth and 10th floors of the building at 65 East 55th Street in Midtown East,The hedge fund, which launched in June […]
Fallen Absolute Return Star Defiant as Losses Mount
(Citywire) Former star absolute return fund manager David Crawford is refusing to be swayed by a punishing six months for his City Financial Absolute Equity fund that has seen the fund slump 30%. To read this article:
SS&C GlobeOp Forward Redemption Indicator at 3.35 per cent for September
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for September 2018 measured 3.35 per cent, up from 2.73 per cent in August. To read this article: