Monthly Archives: April 2019
SEC Obtains Final Judgment and Bars Investment Adviser for Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against Scott Newsholme, a New Jersey-based tax preparer, who was charged with defrauding his clients after convincing them to give him their money to invest. According to the SEC’s […]
Loeb’s Third Point building stake to pressure Sony
(Reuters) – Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar […]
Global Impact Investing Network publishes standards guide
(Opalesque) The Global Impact Investing Network (GIIN), today launches its Core Characteristics of Impact Investing, four tenets that define the growing space of impact investing and will provide financial markets with greater clarity on what constitutes credible impact investing practice. […]
Hedge fund Cruiser Capital hires Kapur from SumZero
(Reuters) – Hedge fund Cruiser Capital Advisors LLC, which focuses on industrial and financial investments, has hired Nicholas Kapur from SumZero, an online community for investment professionals, a person familiar with the move said. Kapur joins Cruiser Capital as a […]
Identifying a pure merger arbitrage strategy in the event-driven space
(Hedgeweek) A recent study by the Strategic Consulting team, Prime Services, Barclays Capital, found that since 2010, merger arbitrage was the highest performing alpha generating strategy, returning 2.6 per cent (annualised). But in Europe, this strategy, which used to be […]
Tikehau Capital brings on Nithin Johnson for biz dev
(Opalesque) Tikehau Capital the alternative asset management and investment group, today announced the appointment of Nithin Johnson as Executive Director of Business Development based in New York. Johnson will support the growth of Tikehau Capital’s North American business by developing […]
Hedge Funds Just Posted Their Best Quarter Since 2009
(Bloomberg) Hedge funds are getting a pick-me-up from the stock market and rebounding from a harsh 2018 to their best quarterly performance in a decade. Managers returned 5.9 percent on a fund-weighted basis, posting their strongest showing since the third […]
Hedge Fund Backer Makes High-Stakes Offer in Europe Drive
(Bloomberg) A U.S. investor who has backed hedge fund managers from John Paulson to Kyle Bass is pushing into Europe to offer managers an unusual choice: They can take a bigger share of profits with the catch that they risk […]
Hedge Funds Keep Sitting Out $10 Trillion Global Stock Rally
(Bloomberg) Wondering who’s driving this year’s advance in stocks? Individual investors have played a role, and so have companies themselves. But to date one notable class of professional speculators has been absent. It’s hedge funds, who have stubbornly refused to […]
Lyft threatens Morgan Stanley with legal action over IPO claims
(New York Post) Morgan Stanley is trying to distance itself from its role in helping early Lyft investors bet against the ride-hailing company after Lyft threatened to sue them and report them to regulators…. To read this article:
Dalio Says Capitalism’s Income Inequality Is National Emergency
(Bloomberg) While President Donald Trump is focused on the national emergency he’s declared to secure the southern U.S. border, the billionaire founder of the world’s biggest hedge fund is more worried about losing the American dream. Capitalism must be reformed […]
SEC Charges Transportation Company Executives With Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged the former CFO and two former employees of a publicly traded transportation company with fraud for manipulating the company’s financial results in order to meet earnings targets and projections. The SEC alleges […]