Monthly Archives: May 2017
edge Fund Manager David Einhorn Says Tesla is ‘Reminiscent of the March 2000 Dotcom Bubble’
(CNBC) Hedge fund manager David Einhorn thinks the current market environment for cult stocks is similar to the dotcom bubble.”Investors remain hypnotized by Tesla’s CEO … The enthusiasm for Tesla and other bubble basket stocks is reminiscent of the March […]
Activist Hedge Fund TCI Says Zodiac Shares Now Worth Even Less
(Reuters) Activist hedge fund TCI Fund Management on Wednesday said Zodiac Aerospace shares were now worth 7-10 euros each ($10.92), after the French firm last Friday posted a first-half loss. TCI is campaigning to pressure Zodiac suitor Safran to drop […]
Hedge-Fund Manager Concedes Losing Bet Against Buffett but Hints at ‘Doubling Down’
(CNBC) Nine years ago Ted Seides bet billionaire Warren Buffett that five hedge funds’ returns, over a 10-year-period, could beat any gains on the S&P 500. And today Seides conceded defeat…High hedge-fund fees weren’t the only reason for the loss, […]
Portfolio Manager Charged With Diverting Nearly $2 Million to Personal Account
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against a Massachusetts-based portfolio manager accused of diverting at least $1.95 million to his personal brokerage account from a fund over which he had trading authority. The SEC’s complaint alleges […]
Whistleblower Award of More Than Half-Million Dollars for Company Insider
(HedgeCo.Net) The Securities and Exchange Commission today 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 […]
HFRX Global Hedge Fund Index Gains 0.42% In April
(FINalternatives) Hedge funds broadly benefitted from equity market gains and currency volatility surrounding the French election last month, according to final April data from Hedge Fund Research. To read this article:
Hatteras Taps Portfolio Advisors As Sub-Advisor For Core Alternatives Fund May 2 2017 | 9:51pm ET
(FINalternatives) Liquid alternatives specialist Hatteras Funds has formed a partnership with Connecticut-based private markets manager Portfolio Advisors to serve as a sub-advisor to the $582 million Hatteras Core Alternatives Fund, and incorporate secondary interests in private equity, private credit and […]
Activist Investors Marcato Capital Management, JANA Partners Shine in April
(FINalternatives) Mick McGuire’s Marcato Capital Management and Barry Rosenstein’s JANA Partners, two of the best-known activist hedge funds, posted gains in April as they engage in high-profile campaigns against Buffalo Wild Wings and Whole Foods, respectively. To read this article:
How Trump’s Tax Plan Could Make the ‘Hedge Fund Guys’ Richer
(Yahoo) The singe-page tax plan put forth by the White House last week makes no mention of taxes on so-called carried interest, income claimed by hedge fund and private equity managers that is taxed at a lower rate than ordinary […]
Ex-RBC Trader Damian Edwards Starts Asia Event-Driven Hedge Fund
(Bloomberg) Damian Edwards, a former managing director at Royal Bank of Canada, is starting an Asian event-driven hedge fund to take advantage of a surge in mergers and acquisitions in the region. Metrica Partners Pte plans to start this month […]
Puerto Rico Faces Hedge Fund Lawsuits as US Reprieve Ends
(Bloomberg) Puerto Rico is facing a fresh round of creditor lawsuits after a temporary reprieve on litigation was lifted, exposing the distressed Caribbean island to the consequences of the defaults on much of its $70 billion of debt. Hedge funds […]
Hedge Fund Marcato Up 6% in 2017 After Strong April
(Reuters) Activist hedge fund Marcato Capital Management, which is currently seeking to oust the chief executive at Buffalo Wild Wings, has gained 6 percent in the first four months of 2016. The San Francisco-based hedge fund returned 3 percent in […]