Monthly Archives: April 2019
New report delivers wake-up call for active management industry
(Hedgeweek) The active management industry must work harder in a number of critical areas to convince investors of its value proposition, according to a new report released by Allianz Global Investors. To read this article:
Protégé Partners Weinberg joins APG Asset Management
(Opalesque) Bailey McCann, Opalesque New York: Michael Weinberg has joined APG Asset Management as Head of Hedge Funds and Alternative Alpha Hedge Fund Investments. APG Asset Management is the investment arm of APG Groep NV, the largest pension provider in […]
Prytania AM adds Grosvenor’s Felton to board
(Opalesque) Prytania Asset Management has announced the appointment of Eric Felton as independent director of the firm, effective April 1 2019. Eric has a wealth of investment experience, most latterly from 13 years as CFO of GCM Grosvenor, one of […]
Insider Trading Charges Filed Against Pharma Company Accountant, Three Others
(HedgeCo.Net) On March 19, 2019, the Securities and Exchange Commission obtained final judgments against a pharmaceutical company accountant and three tippees in an insider trading scheme. The SEC charged Evan R. Kita, Daniel Perez, Richard Yu, and Chiang Yu on […]
Cerner Settles With Hedge Fund Starboard: To Add New Directors, Increase Buybacks
(Reuters) Healthcare information company Cerner Corp said on Tuesday it reached a settlement with activist hedge fund Starboard Value LP to add new directors to its board and buy back more of its shares, sending the stock up as much […]
SocGen Is Latest Bank to Shutter Its Commodities Business
(Bloomberg) Add Societe Generale SA to the list of banks and financial institutions to take a big step back from commodities amid a slump in trading profits. The French bank said on Tuesday that it is planning to close its […]
Machine-Learning on The Rise in Financial Services
(Reuters) The use of machine-learning has picked up across the financial services industry, although problems such as data quality continue to dog its progress, a study by Refinitiv has found. In a report, Refinitiv, the financial data provider, said more […]
Hedge Fund Managers Recorded Strongest Q1 Post-Crisis Despite Growth Forecast Cuts
(Opalesque) The Eurekahedge Hedge Fund Index gained 1.00% in March, supported by strength in global equity and bond markets as central banks shy away from tight monetary policies. Optimism over the progress of the US-China trade talk supported both countries’ […]
Game Changing Fund Of Fund Reforms Ahead
(Opalesque) On December 19, 2018, the SEC proposed rescinding most so-called fund of funds (FoF) exemptive orders and Rule 12d1-2 under the Investment Company Act of 1940 (Act) and replacing them with new Rule 12d1-4.1 Some of these reforms may […]
This Hedge Fund Is Moving From Big Tech To Content Makers. Here’s Why
(CNBC) Dan Niles, AlphaOne Capital’s founding partner, joins “Squawk Alley” to talk about why the hedge fund is moving away from big tech giants and toward content makers. To read this article:
The Gender Pay Gap In Investment Banks: The 2018 Pay Differential Index
(eFinancial Careers) Where to work if you want to earn like a man. To read this article:
Credit Suisse tied to firm with links to GAM crisis
(eFinancial Careers) Three Credit Suisse investment funds contain about $4bn of assets linked to a fintech company at the centre of a crisis that has brought GAM, the Swiss asset manager, to its knees. To read this article: