Monthly Archives: May 2018
Goldman Traders Shared Confidential Info In Chat Rooms, Regulators Say
(CNN International) The bank was fined $110 million on Tuesday by the Federal Reserve and a New York state financial agency. To read this article:
Bulls Flee Buffett’s China Investment as Shares Lose $9 Billion
(Bloomberg) The rout in BYD Co. shares is nearing $9 billion as investors desert what was the world’s top stock only months ago…. To read this article:
RBC Raises Target For US Yields
(The Technical Analyst) RBC raises target for US yields The US 10-year yield is testing key resistance between 3.00 and 3.05, according to George Davis, Chief FIC Technical Analyst at RBC Capital Markets. After hitting his prior target of 3.00, […]
This Hedge Fund Trade Is Stirring Fresh Controversy in the CDS Market
(Bloomberg) It seemed like a sure-fire bet: short the debt of a highly leveraged newspaper company that’s losing money. And for a while, it worked as investors piled up almost $500 million of wagers by buying credit-default swaps on the […]
A Hot Crypto Hedge Fund Keeps Poaching Wall Street bankers
(The Business Insider) Cryptocurrency hedge fund BlockTower Capital keeps scooping up talent from Goldman Sachs, as Wall Streeters continue to flee big banks in favor of bitcoin firms. Steve Lee, a former portfolio manager and trader at Goldman, is one […]
Hedge funds fall in line with market downturn
(Hedgeweek) Hedge funds were down in sync with the wider market downturn last week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. To read this article:
The Terrible Trauma of Finding an Original Name for Your Hedge Fund
(eFinancial) Leaving banking and starting your own hedge fund is not an easy business. Hedge funds are closing down all over the place, even crytpo funds which were the most recent shiny thing. Raising investor money is not easy. Achieving […]
Firm, CEO Settle Charges in Ponzi-Like Scheme Involving Life Settlements
(HedgeCo.Net) The Securities and Exchange Commission has announced that a New Jersey-based firm and its CEO have agreed to pay more than $4 million to settle charges that they used new investor money to repay earlier investors in Ponzi-like fashion […]
Lxyor: Hedge Fund Index Down -0.8% On CTA, Macro Fund Weakness
(FINalternatives) Hedge funds dropped last week as global macro and CTA funds ran into equity and energy market headwinds, according to the new research from Lyxor Asset Management. To read this article:
Barclays Wins Trader Lawsuit
(HITC Business) A Barclays trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the bank was right to dismiss him for revealing confidential information to rivals and using sexually […]
Gulati’s Hedge Fund Pummeled as Equity Markets Evade Volatility
(Bloomberg) It’s been a long and painful year for hedge fund manager Deepak Gulati, who finds himself on the wrong side of one of the most profitable trades in town. His Argentiere Fund lost money for 14 straight months through […]
Some Hedge Funds Still Merit 2-And-20, HC2’s Falcone Says
(Bloomberg) Some hedge fund managers still deserve to earn 2-and-20 fees, according to Philip Falcone, the former hedge-fund manager who’s now chief executive officer of HC2 Holdings Inc.Investors may pay such fees for funds that are able to beat indexes, […]