Monthly Archives: May 2017
Preqin/NXT Survey: Direct Lending Investors Increasing Exposure To Lower Middle Market
(FINalternatives) Interest among direct lending investors is increasingly focused on opportunities in the lower middle market, according to a new survey from Preqin and structured finance specialist NXT Capital, as assets in the fast-growing alternative credit segment approach $100 billion. […]
Morgan Stanley Stands Down From Expensive Recruiting Wars
(HITC) No more battles for talent. Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month by competitor Bank of America […]
Hedge Funds Squeezed by World’s Highest Rents Are Moving Out
(Bloomberg) Benjamin Fuchs raised eyebrows five years ago when he opened his hedge fund next to a place selling live chickens in Hong Kong’s hustling, bustling Tin Hau neighborhood. It was akin to choosing Queens over Manhattan in New York […]
This ‘Trump Trade’ Doesn’t Need Congress and That’s Why Wall Street Likes It
(CNBC) While most of the so-called Trump trades require the president to successfully team up with a Republican-led Congress to make business-friendly laws, there’s one group of companies that Trump alone can help and already has, according to Wall Street. […]
Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme
(HedgeCO.Net) A former partner at an international law firm and his neighbor have been charged by the SEC with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC alleges that Walter C. Little […]
Cooperman Gets SEC Waiver to Keep Raising Money for Hedge Fund
(Bloomberg) Billionaire hedge fund manager Leon Cooperman has received permission from U.S. regulators to keep raising money from outside investors, a privilege that was put at risk when he settled insider-trading allegations last week. The U.S. Securities and Exchange Commission […]
Whistleblower Award of More Than Half-Million Dollars
(HedgeCo.Net) The Securities and Exchange Commission has announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. “This […]
This Hedge Fund Is Making a Bundle on the Death of a Trump Trade
(Bloomberg) There’s a Swedish hedge fund that’s doing very well as faith in the economic agenda of U.S. President Donald Trump dwindles.Informed Portfolio Management (IPM), which manages $6.7 billion, has returned 9 percent so far this year in its main […]
LCN Capital Partners Raises $750M For Second Set of Funds
(FINalternatives) Private equity company LCN Capital Partners has raised more than $750 million in capital commitments for its second dual-currency set of sale-leaseback and real estate funds. To read this article:
Investors Skeptical Ford CEO Change Will Revive Stock Price
(Reuters) Ford Motor Co’s (F.N) unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction […]
Herbalife Shares Slide on Report China Executive has Left
(CNBC) Herbalife shares fell more than 5 percent Tuesday after a report in the China Securities Journal said the head of the company’s China operations abruptly left Herbalife this week after a 10-year run at the company.Herbalife did not return […]
Hedge Fund Plummets 62% After Betting Against the Chinese Economy
(Bloomberg) A hedge fund at Emerging Sovereign Group that has bet against the Chinese economy sunk about 62 percent this year through April.The Nexus fund dropped 8.2 percent last month, according to an email to investors seen by Bloomberg News. […]