Monthly Archives: May 2017
Apex Fund Services Agrees To Genstar Recap, Equinoxe Alternative Investment Services Acquisition
(FINalternatives) Global independent fund administrator Apex Fund Services has entered into agreements to be recapitalized by middle-market private equity company Genstar Capital and simultaneously acquire Equinoxe Alternative Investment Services. To read this article:
Metals Hedge Fund Red Kite Says Copper Scrap Supply Has Tightened
(Reuters) Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability of the metal, the co-founder of metals hedge fund RK Capital Management, said on Wednesday. […]
Platform FAB Partners Buys Stake in Hedge Fund Halkin
(Reuters) Platform FAB Partners on Tuesday said it had acquired a majority stake in London-based equities hedge fund manager Halkin Asset Management, a letter to investors seen by Reuters showed. Global alternative investment platform FAB completed the deal at the […]
Here’s What Some of the World’s Top Money Managers Are Betting On
(Bloomberg) Money managers including David Einhorn and Bill Ackman descended on New York’s Lincoln Center on Monday where about 3,000 people gathered at the annual Sohn Investment Conference, one of the hedge fund industry’s marquee events, to hear the latest […]
Billionaire Carl Icahn Loses $179m on Hertz Double Down
(Bloomberg) When billionaire Carl Icahn bought into Hertz Global Holdings Inc. in summer 2014, he said he thought the shares were undervalued. With prices down almost 90 percent in the years since, he might be wishing he could take that […]
A $30bn Hedge Fund’s Market-Making Arm Just Made a Big Purchase
(The Business Insider) Two Sigma Securities, the market-making affiliate of the $30 billion hedge fund firm, is growing its brokerage business. The New York-based firm is acquiring the US options-market-making business of Timber Hill, a subsidiary of Interactive Brokers Group… […]
Lyxor: Hedge Fund Index Flat As Oil Drop Punishes Macro Managers
(FINalternatives) Hedge funds treaded water last week as gains by CTAs were not enough to outweigh underperformance among macro managers hammered by the steep drop in oil prices, according to new data from Lyxor Asset Management. To read this article:
Hedge Funds Continue Four-month Streak With 0.54% Gains in April
(Hedgeweek) Hedge funds posted their fourth consecutive month of gains this year, up 0.54 per cent during the month of April, while underlying markets as represented by the MSCI AC World Index (Local) were up 1.17 per cent over the […]
BakerHostetler Panel Analyzes the Trump Effect on the SEC’s Enforcement Efforts
(Hedge Fund Law Report) A recent program presented by BakerHostetler provided timely insight on how the SEC and its enforcement priorities may evolve under the new president’s regulatory agenda, as well as how the new administration may affect the markets […]
Could Hyperinflation Be Next for Venezuela?
(Harvest) We’ve all seen the news reports – lines for food and basic staples that stretch for blocks, increasing violent crime, kidnappings and corruption are making day-to-day life in Venezuela a real struggle. It wasn’t always like this, but in […]
GDP Growth Dims, but We See Bright Spots Ahead
(Harvest) US gross domestic product (GDP) rose only slightly in the first quarter, but this result was in line with Invesco Fixed Income’s expectations and we still expect solid growth this year. While output grew by only 0.7% annualized between […]
Semiconductor Company and Former CFO Settle Accounting Fraud Charges
(HedgeCo.Net) The Securities and Exchange Commission has announced that a South Korea-based semiconductor manufacturer and its former CFO have agreed to settle charges related to an accounting scheme to artificially boost revenue and manipulate the financial results reported to investors. […]