Monthly Archives: May 2017
Will Trump ‘Do a Big Number’ on the Big Banks?
(New York Times) For a brief moment, Wall Street stopped on Monday, as if time was suspended in an alternative reality. President Trump, for the first time as resident of the White House, said aloud that he was considering breaking […]
Theranos Settles Suits Accusing Startup of Duping Hedge Fund
(Bloomberg) Theranos Inc. agreed to settle an early investor’s claims that the embattled blood-testing firm misrepresented its performance and technology in order to raise more than $96 million in funding. Partner Management Fund LP will drop two lawsuits related to […]
CalSTRS Considering New Engagement Push
(Pension & Investments) The chief investment officer of the $202.1 billion California State Teachers’ Retirement System, West Sacramento, says the pension plan will be examining the merits of a new engagement program that would be internally managed and make direct […]
AllianceBernstein Refuses to Give Specifics on CEO’s Ouster
(New York Post) Here’s $99 million. Now get out. In a surprise move that left Wall street flummoxed, AllianceBernstein on Monday ousted Chairman and CEO Peter Kraus, who had led the firm for eights years, as well as all nine […]
Elliott Said to Meet BHP Investors as Fund Urges Overhaul
(Bloomberg) Elliott Management Corp. is meeting with BHP Billiton Ltd. shareholders in Australia as the activist investor urges BHP to overhaul its businesses….. To read this article:
SEC Charges EB-5 Operator With Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission today announced that an Idaho man has agreed to pay back several million dollars he siphoned away for personal use rather than investing it as promised to create U.S. jobs through the EB-5 Immigrant […]
Ex-Eaton Vance portfolio manager to plead guilty to fraud in U.S. court
(Reuters) A former Eaton Vance Corp portfolio manager has agreed to plead guilty to having engaged in a fraudulent scheme involving call options that enabled him to illegally make $1.9 million, according to papers filed in Boston federal court on […]
HFR: Billion-Dollar Club Sees 2016 AUM Dip For First Time Since Financial Crisis
(FINalternatives) The exclusive club of hedge funds managing at least $1 billion in assets saw their AUM decline in 2016, the first calendar year since the global financial crisis to see a drop, according to new data from Hedge Fund […]
Hedge Funds Identify AI, Mobility and Data Governance as Key Themes During Indus Valley Forum
(FINalternatives) Hedge fund managers are concerned about artificial intelligence, cloud-based platforms that increase mobility, and data governance, according to new data gathered during alternative asset technology specialist Indus Valley Partners’ annual Mind Meld Hedge Fund Forum held in late April. […]
Fortress Said To Mull Sale of Logan Circle Partners
(FINalternatives) Alternative investment management giant Fortress Investment Group is reportedly exploring the sale of its Logan Circle fixed income asset management division. To read this article:
Greenlight Capital: GM investors will ‘vote with their wallets’
(Reuters) Greenlight Capital, which has been pressuring General Motors Co to restructure its share class, said on Tuesday it believed the automaker’s shareholders will vote in their best financial interests and support the hedge fund’s two-class stock proposal and nominees […]
New global fund to raise $300 million for digital currency investments
Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million, co-founder Liam Robertson said in an interview, as managers seek to tap growing demand for virtual assets that allow for instant, borderless […]