Monthly Archives: May 2017
Law Firm Partner and Neighbor Charged in $1 Million Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a former partner at an international law firm and his neighbor with making more than $1 million in illicit profits by insider trading around corporate announcements. The SEC alleges that Walter C. […]
David Rubenstein: Don’t Expect Tax Reform in 2017 #SALT2017
(FINalternatives) David Rubenstein said during the 2017 SALT Conference that healthcare or tax reform were unlikely in 2017. Here is a recap of his appearance. To read this article:
European Investors Optimistic About Alternatives Industry
(FINalternatives) Nearly three quarters of European institutional investors are optimistic about the future of the alternative asset management industry, according to a new survey from Context Summits, but they’re worried about the increasing regulatory pressures in Europe, Brexit’s aftermath, and […]
Wall Street Wonders What’s Next After Trump Jolts Markets
(Bloomberg) For the first time, a Wall Street that’s been giddy over Donald Trump is starting to ask some hard questions.From Day 1, markets have rallied, defying what many of the same Wall Street types said would be a disastrous […]
Ex-Fed Chairman Bernanke ‘Puzzled’ by Market Indifference to Political Risk
(Reuters) Former Federal Reserve Chairman Ben Bernanke said on Wednesday that he is “puzzled” by how little markets have reacted to major political risks, and skeptical about the Trump administration’s ability to fulfill its pledges to stoke faster growth.”It puzzles […]
S&P Global Intelligence: Hedge Funds Flock To Consumer Staples
(FINalternatives) Hedge funds broadly exited financials and information tech stocks in favor consumer staples companies in the first quarter, bringing their level of exposure to the sector to unprecedented levels, according to the latest edition of the S&P Global Market […]
Alibaba Is US Favorite as Hedge Funds Fly From Ctrip
(Bloomberg) U.S. hedge funds increased their holdings in Alibaba Group Holding Ltd. more than any other U.S-listed Chinese stock in the first quarter, 13-F filings show, followed by a net increase in Momo Inc. That’s a change from the same […]
Whistleblower Award of More Than Half-Million Dollars for Company Insider
(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 […]
Harvard, Yale, Stanford Make Big Bets on Exchange-Traded Funds
(Bloomberg) The most active bets among the largest U.S. college endowments in the first quarter were exchange-traded funds, underscoring a move toward cheap and passive investment strategies.Four of the five largest public purchases were ETFs, accounting for over $1.2 billion […]
Barclays to Pay $97 Million for Overcharging Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced an enforcement action requiring Barclays Capital to refund advisory fees or mutual fund sales charges to clients who were overcharged. In a settlement of more than $97 million, Barclays agreed to settle […]
Hedge Fund Industry Inflows Hit $20B In Q1/17
(FINalternatives) Hedge funds attracted net capital inflows of nearly $20 billion in the first quarter of this year, according to new research from Preqin, breaking a five-quarter streak of net outflows and pushing total industry AUM to $3.35 trillion. To […]
Bain Capital Ventures to Fund ‘Angel’ Investors
(Reuters) A well-known Silicon Valley venture capital firm is taking an unusual approach to technology investing by giving millions of dollars to other investors, rather than to startups themselves.Bain Capital Ventures, which has backed companies including LinkedIn and DocuSign, said […]