Monthly Archives: April 2018
BoE Simulates How Funds, Insurers Cope With Big Margin Calls
(Reuters) The Bank of England is studying how funds and insurers could cope with sudden demands for cash to back trades without resorting to a destabilizing fire sale of assets, a senior BoE official said last week. Alex Brazier, the […]
Short-Sellers May Not Make Money When Markets Know Their Trades
(Bloomberg)When Dutch regulators accidentally revealed who was betting against local stocks last year, they didn’t just just expose George Soros and other short sellers’ secret trades. The stocks stopped underperforming, providing a case study for U.S. exchanges that argue shorts […]
A Steve Cohen-Backed Trading Firm Is Rolling Out Data for Quant Wannabees
(CNBC) A quant-trading firm backed by hedge fund billionaire Steve Cohen is rolling out data for professional money managers to develop new trading ideas. The firm, Quantopian, which invites scientists to share and sell licenses for their computer codes, planned […]
Billionaire Bacon’s Defamation Suit Against Nygard Revived
(Bloomberg) The decade-long feud between hedge fund billionaire Louis Bacon and Canadian fashion designer Peter Nygard over their neighboring properties in the Bahamas lives on. To read this article:
Opalesque Roundtable: What Is the Caliber of Investment Talent Entering Hedge Funds?
(Opalesque)Everybody in the hedge fund industry is talented, but we have to distinguish between me-too talent and differentiated talent, said Rick Doucette, CEO and CIO of Antecapio Investment Partners. He added that there has always been a lot of me-too […]
SEC Charges Additional Defendant in Fraudulent ICO Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering. In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in […]
Pantera CEO Says Bitcoin Is ‘Screaming Buy,’ Bets on Icon
(Bloomberg) Bitcoin “is a screaming buy right now,” according to Dan Morehead, chief executive officer of $1 billion cryptocurrency hedge fund Pantera Capital Management LP. To read this article:
Deutsche Bank Announces Investment Bank Cuts After Sharp Profit Drop
(Reuters) Deutsche Bank on Thursday announced cuts to its investment bank after posting a 79 percent drop in net profit in the first quarter. Deutsche Banks said it will scale back its bond and equities trading activities, including cuts to […]
One in five financial institutions consider cryptocurrency trading, survey says
(Reuters) One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found. Among those respondents who said they were willing to trade cryptocurrencies like bitcoin, the best known […]
Ethics becoming increasingly important to investment professionals’ careers, says CFA Survey
(Hedgeweek) Ethics and professionalism are playing an increasingly significant role in investment professionals’ careers and influencing where they want to work, according to the latest CFA UK Ethics Survey. To read this article:
Hedge Fund Dalton Moves to Proxy Fight With Japan’s Shinsei Bank
(Bloomberg) A year after Dalton Investments urged Shinsei Bank Ltd. to buy back shares and link management’s pay more to the stock price, the U.S. hedge fund is taking its pressure on the Japanese lender to the next level: a […]
BoE simulates how funds, insurers cope with big margin calls
(Reuters) The Bank of England is studying how funds and insurers could cope with sudden demands for cash to back trades without resorting to a destabilizing fire sale of assets, a senior BoE official said on Thursday. Alex Brazier, the […]