Monthly Archives: April 2018
Steven Cohen’s Point72 Is Sued Over Use of California Money Manager’s Name
(Reuters) Billionaire Steven A. Cohen’s hedge fund firm was sued on Wednesday by a San Francisco money manager seeking to stop it from using its name on a new investing project. Aperio Group LLC, which said it has more than […]
Nasdaq Is Open To Becoming Cryptocurrency Exchange, CEO Says
(CNBC) Once the regulation is smoothed out and the space “matures”, Nasdaq would consider becoming a digital currency exchange, the company’s CEO says. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman says. In the […]
Many hedge funds overpaying for depositary services, says INDOS
(Hedgeweek) Evidence collected by INDOS Financial Limited (INDOS), a UK independent depositary, has revealed that many hedge funds have chosen not to revisit their administrative and depositary arrangements since the implementation of the AIFMD (Alternative Investment Fund Managers Directive) in […]
Credit Suisse Lands a Heavy Blow On a Swiss Hedge Fund
(Bloomberg) Credit Suisse AG’s first-quarter results have given CEO Tidjane Thiam ammunition against activists calling for more radical surgery. Despite a fairly weak quarter for the investment bank, the CEO’s focus on wealth management while cutting costs and dumping unwanted […]
Gemini to launch market surveillance technology in collaboration with Nasdaq
(Hedgeweek) The technology, which is considered the most widely deployed surveillance system in the world, will enable Gemini to monitor across all of its trading pairs, including: BTC/USD, ETH/USD and BTC/ETH. To read this article:
Altaba, Formerly Known as Yahoo!, Charged With Failing to Disclose Massive Cybersecurity Breach; Agrees To Pay $35 Million
(HedgeCo.Net) The Securities and Exchange Commission today announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest […]
Asset managers see digital transformation as a top priority
(Hedgeweek) New research from Alpha FMC, the asset and wealth management consultancy, finds that many firms (80 per cent) are prioritising their digital transformation, with 61 per cent stating that they are “getting organised”, but nearly a quarter (23 per […]
Hedge fund oil bulls on the rampage as bears vanish: Kemp
(Reuters) Hedge fund managers have never seemed so convinced that oil prices are set to rise rather than fall in the near term, according to the latest positioning data published by regulators and exchanges. Fund managers remain super-bullish even though […]
Putting the ‘Hedge’ Back in ‘Hedge Fund’
(Bloomberg) Everyone knows the old chestnut that hedge funds are “a compensation scheme masquerading as an asset class,” but arguably that underestimates the power of compensation schemes to transform asset classes. To read this article:
John Paulson Seeks Big Fees While Risking His Money
(Bloomberg) After most of his clients have fled, billionaire John Paulson has embarked on a strategy to raise assets and generate big fees at the risk of losing his own capital. Paulson & Co. signed up last year with the […]
Hedge Fund Manager David Einhorn Is Betting Against Assured Guaranty
(CNBC) Hedge fund manager David Einhorn is bearish on bond insurer Assured Guaranty. Assured Guaranty’s “pretax income looks likely to collapse,” he said at The Sohn Investment Conference in New York Monday. “The shrinking profits should pressure [share] buyback capacity […]
How to Run Hedge Funds in a Communist Country
(Bloomberg) As global managers from UBS Group AG to BlackRock Inc. get into China’s $2 trillion investment industry, they’ll need strong stomachs to run hedge funds in a Communist country. To read this article: