Monthly Archives: May 2017
Hedge Fund Manager May Save $835,900 Due to a Typo
(Bloomberg)Hedge fund manager says the British tax collection agency can’t investigate his 2009 finances because of a mistake in the letter warning him about the probe.Her Majesty’s Revenue & Customs wrote to Michael Mabbutt, then at Thames River Capital, saying […]
5 Universal Laws Of Human (Investment) Stupidity
(Harvest) In 1976, a professor of economic history at the University of California, Berkeley published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity. Stupid people, Carlo M. Cipolla explained, share several […]
How Discretionary Managers Can Crush Systematics
(Harvest) Six months ago I found myself in our Estimize office sitting across the table from a hedge fund portfolio manager who said something I honestly couldn’t believe. According to this PM who runs a $500M long/short book at a […]
Pinebridge Investments Unveils New Secured Debt Liquid Alt Fund
(FINalternatives) Global multi-asset alternative investment manager PineBridge Investments has launched a new European secured credit fund that will invest in a diversified portfolio of sub-investment grade senior secured debt obligations issued by corporations in various industries and geographical regions. To […]
Barclays to Pay $97 Million for Overcharging Clients
(HedgeCo.Net) The Securities and Exchange Commission today 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 […]
Man GLG to Launch New Long/Short Absolute Return Fund
(FINalternatives) Man Group’s Man GLG unit is prepping a new long/short mid-cap equity fund for launch in June.Named the U.K. Absolute Return Fund, the new vehicle will be managed by value specialist Jack Barrat, according to a Citywire article, and […]
Puerto Rico Bonds That Were Bought Up by Hedge Funds Slide to New Low
(Bloomberg) Prices of bonds from Puerto Rico’s record $3.5 billion municipal junk offering in 2014 are tumbling to fresh lows. The general obligations due in 2035, many of which were bought by hedge funds when they were issued at 93 […]
Shadow Banking Activity Continues to Grow
(Reuters) Growth in global bond, real estate and money market funds continues to swell the world’s “shadow banking” sector, which provides credit outside the regulated banking system and plugged a market gap opened up by euro zone banks cutting back […]
Credit Suisse Raises Money to Chase Minority Stakes in PE and Hedge Funds
(peHUB) Another big financial institution is jumping into the race to buy minority stakes in private equity firms. Credit Suisse is in market with a fund from its Anteil Capital Partners group that will buy minority stakes in hedge funds […]
There’s One Big Trading Company That’s Loving All This Uncertainty
(Business Insider) The stock market hasn’t been this dead in 24 years, but there’s still plenty of money to be made in investment products that bet on price swings. Just ask CBOE Holdings, the world’s largest provider of volatility instruments, […]
SEC Charges Former Staffer With Securities Fraud Violations
(HedgeCo.Net) The Securities and Exchange Commission today charged a former employee with securities fraud in connection with his trading of options and other securities. The SEC’s complaint alleges that David R. Humphrey, who worked at the SEC from 1998 to […]
Eurekahedge: Hedge Fund Index Gains 0.54% In April
(FINalternatives) Hedge funds posted their fourth consecutive month of gains so far this year in April, according to a flash reading of Eurekahedge’s Hedge Fund Index, although they still underperformed broader underlying markets during the month. To read this article: