Monthly Archives: May 2019
Hedge fund manager David Tepper plans to send investors’ money back
(Reuters) – Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said […]
Some Hedge Funds Dodged the Worst of Tesla’s Latest Tantrum
(Bloomberg) Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value. To read this article:
D.E. Shaw’s top shareholder activist Koffey leaves hedge fund
(Reuters) – Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. […]
Hong Kong’s Longest-Serving CEO Steps Down as Sons Take Over
(Bloomberg) David Li, the longest-serving chief executive officer of a major Hong Kong-listed company, is stepping down from the top position at Bank of East Asia Ltd. after a 38-year run. Li, 80, will withdraw from his day-to-day role as […]
Show Me the data: Investors Demand Better ESG Disclosures
(Opalesque) Asset managers are always looking for a valuation edge. But even when key factors are identified, the data may not be available. This is particularly true with environmental, social and governance (ESG) issues. No one will dispute their relevance, […]
SS&C GlobeOp Forward Redemption Indicator up 3.21% in May
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21%, up from 2.51% in April.”SS&C GlobeOp’s Forward Redemption Indicator of 3.21% for May 2019 was a strong result, coming in 26 basis points below the 3.47% reported for […]
Additional Charges Filed In Insider Trading Scheme Involving NFL Player and Former Investment Banker
(HedgeCo.Net) The Securities and Exchange Commission has charged Mark “Christian” Ramsey for participating in an insider trading scheme perpetrated by a professional football player and former investment banker previously charged by the SEC for insider trading. In August 2018, the […]
‘Toxic cocktail’ brewing for U.S. asset managers
(Reuters) – Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be “the next group to feel disruption” and may be […]
Elliott Management Opposes Airline Azul on Avianca Brasil Bankruptcy Plan
(Reuters) U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. […]
Morgan Stanley’s Teflon Banker Chases Next Deal after Uber
(Bloomberg) Michael Grimes, Wall Street’s Silicon Valley whisperer, appeared headed for a comeuppance.It was 2012 and the humiliating stock-market debut of Facebook Inc. was spawning investor losses and lawsuits. That left Grimes — the offering’s architect and Morgan Stanley’s premier […]
SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors
(HedgeCo.Net) The Securities and Exchange Commission charged Charles Nilosek, a Massachusetts-based external sales agent for Woodbridge Group of Companies LLC, with illegally selling Woodbridge securities to retail investors while acting as an unregistered broker. According to the complaint, Nilosek was […]
Agilis Investment Team to Join RWC Partners
(HedgeWeek) The investment team of Agilis Investment Management, a specialist multi-strategy investment manager, is to join RWC Partners.The move will see Agilis founder Clark Fenton, along with colleagues Charles Crowson and Praveen Kanakamedala, joining RWC to form the RWC Diversified […]