Monthly Archives: April 2019
Corvex’s Meister Likes Diamondback Energy after It Bought Energen Reuters posted on Wed 17 Apr 2019 Permalink Print
(Reuters) Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the energy company bought a rival last year. “We think there is lots of value,” Meister said at the […]
Swiss Probe Billionaire’s Ski Resort After Hedge Fund Sues
(Bloomberg) Swiss prosecutors are investigating a series of financing deals at a ski resort owned by Czech property billionaire Radovan Vitek that were raised in a U.S. lawsuit over allegations that he defrauded a New York hedge fund and a […]
Starboard Takes New Position in KAR Auction Services
(Reuters) Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday. He called the company’s valuation “compelling” at the 13D Monitor Active-Passive Summit. “We believe […]
Apple, Qualcomm Reach Courthouse-Steps Settlement to Suits
(Bloomberg) Apple Inc. and Qualcomm Inc. agreed to end a two-year legal battle over billions of dollars of technology licensing fees that threatened the chipmaker’s most profitable line of business. To read this article:
D.E. Shaw Group Approved for Private Fund Management License in China
(Opalesque) The D. E. Shaw group, a global investment and technology development firm, announced today that it has been granted a license to develop and market onshore investment products to investors in China. The Private Securities Investment Fund Manager (PFM) […]
Insolvent Millionaire Says Multi-Billion Dollar Hedge Fund Doesn’t Have $175 Million
(Dealbreaker) James Dondero and his hedge fund Highland Capital Management have a lot of experience when it comes to the legal system, enough to earn an honorary law degree or at least election as president of the United States. (Although […]
Former Financial Manager of Phoenix Company Charged With Insider Trading
(HedgeCo.Net) A complaint, filed in the United States District Court for the District of Arizona, alleges that Quentin Louis Wilcox, of Gilbert, Arizona, sold Avnet stock short and bought Avnet put options shortly before the company’s April 27, 2017 press […]
DWS Group to close and liquidate two ETFs
(Hedgeweek) DWS Group is to close and liquidate two Xtrackers exchange-traded funds (ETFs) – Xtrackers Germany Equity ETF (GRMY) and Xtrackers MSCI United Kingdom Hedged Equity ETF (DBUK). To read this article:
Hedge funds remain in positive territory in March according to Backstop BarclayHedge
(Hedgeweek) Hedge funds continued their winning ways in March with a third straight month of positive returns. March’s hedge fund return was 0.67 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. […]
Difficult market environment in 2018 highlights importance of active/passive fund choice
(Hedgeweek) 2018 was a very difficult year for active managers – one of their worst in over a decade – according to new research published by Lyxor Asset Management (Lyxor), which compared the performance of active funds domiciled in Europe […]
JPMorgan Veterans’ Hedge Fund Eyes First Target in Mexican Peso
(Bloomberg) After 17 years trading Latin American markets at JPMorgan Chase & Co., Giovani Silva is starting his own hedge fund — and eyeing a bet against the Mexican peso as one of his first moves. BlueLine Asset Management, which […]
GF Securities Hong Kong Chief Tang Xiaodong Resigns From Firm
(Bloomberg) GF Securities Co. said Monday the head of its Hong Kong unit has resigned from the firm, after losses rocked one of its hedge funds. Tang Xiaodong, who joined in May, stepped down for personal reasons, GF Securities said […]