Monthly Archives: May 2016
Coatue Hedge Fund Bets on Didi, China’s Apple-Backed Uber Rival
(Bloomberg) Philippe Laffont’s Coatue Management LLC, which manages more than $7 billion, has backed China’s biggest ride-hailing app Didi Chuxing as it competes with Uber Technologies Inc. Coatue participated in the Chinese firm’s $3 billion funding round last month through […]
Deutsche Bank May Punish Employees for Personal Trade With Firm
(Bloomberg) Deutsche Bank AG halted bonus payments to a group of employees while examining whether they improperly traded with the firm. “We are reviewing a transaction that may have involved unacceptable conflicts of interest,” the Frankfurt-based company said in an […]
Hedge Funds Share Brexit Views While Guarding their Bets
(Reuters) Are some of Britain’s largest hedge fund managers putting their money where their mouth is on Brexit? That question is causing some disquiet following the intervention of several top hedge fund figures in the debate over whether Britain should […]
Mayor in Illinois Settles Muni Bond Fraud Charges
(HedgeCo.Net) The mayor of Harvey, Ill., has agreed to pay $10,000 and never participate in a municipal bond offering again in order to settle fraud charges. Eric J. Kellogg was connected to a series of fraudulent bond offerings by the […]
SEC Awards More Than $5 Million to Whistleblower
(HedgeCo.Net) Less than one week after announcing a $3-Million dollar award to a Whistleblower, The Securities and Exchange Commission today announced one of the largest awards in their history. The SEC will present an award of between $5 and $6 […]
Goldman and Morgan Stanley just landed one of the biggest deals of the year!
(The Business Insider) Tesla just announced a $2 billion stock offering — and it’s great news for Goldman Sachs and Morgan Stanley. The two banks are acting as lead joint book runners on the offering…. To read this article:
Focusing on Long-Term Returns While Seeking to Minimise Risk
(Harvest) In today’s rapidly changing investment world where investment management firms abound, selecting the right firms to manage your capital is one of the most difficult decisions you will have to make. Selecting firms with strong governance, transparency, a clear […]
Steven Cohen’s $11 Billion Hedge Fund is Targeting College Sophomores in its Recruiting Efforts
(Yahoo News) Point72 Asset Management, the $11 billion family-office hedge fund led by Steven A. Cohen, has begun targeting college sophomores in its recruiting efforts. On May 20th, the fund will host its inaugural Sophomore Summit, a one-day investment education […]
BlackRock Hires Ex-Hedge Fund Founder Ferrier for Private Credit
(Bloomberg) BlackRock Inc., the world’s largest asset manager, hired former hedge fund manager Justin Ferrier as a managing director for Asian private credit investment, according to an e-mailed statement. Ferrier will start in BlackRock’s Singapore office in June, focusing on […]
Rankings Show Shift in Hedge-fund Thinking
(Greenwich Time) That’s according to David Siegel, co-founder of Two Sigma Investments, a data-driven hedge fund based in New York City. Last year, in a room full of investment professionals, Siegel anticipated that computer-driven hedge fund managers would rule the […]
Hedge Fund Saba Capital Pulls in Fresh Cash as Returns Climb In 2016
(Reuters) Boaz Weinstein’s hedge fund Saba Capital has been pulling in new money this year even as many rival investors are being asked to return cash to their clients. The bulk of money went into Saba’s newly launched portfolio that […]
Longtime Mason Hill Hedge Fund Partners Strong and Fieler Split
(Reuters) William Strong has left Mason Hill Advisors, the hedge fund firm he founded in 1986, according to a filing with the U.S. Securities and Exchange Commission. The move represents a split from his longtime partner, Sean Fieler, who joined […]