Monthly Archives: May 2019
Corporate currency hedging slows as FX volatility slumps
C(Reuters) – The striking calm in foreign exchange markets in recent months has led some U.S. multinational companies to scale back on guarding against currency gyrations, potentially leaving them vulnerable if volatility rebounds from near five-year lows. To read this […]
England Rugby World Cup Winner Luger Launching Equity Hedge Fund
(Bloomberg) Former England rugby union World Cup winner Dan Luger is starting a long/short equity fund called Monaco Alpha, adopting a different approach to some larger hedge funds that he says have lost their way. Luger, who scored 27 tries […]
Texas Pension Fund, PAAMCO Prisma Back New Hedge Fund
(Reuters) Two major institutional investors are backing Cinctive Capital, a new hedge fund being launched later this year by industry veterans Richard Schimel and Larry Sapanski, people familiar with the matter told Reuters. The Employees Retirement System of Texas, which […]
Cannabis Hedge Fund Aims to Go Long U.S. Stocks, Short Canada
(Bloomberg) A pot-focused asset manager run by the chairman of Curaleaf Holdings Inc. is launching a new hedge fund with an eye to going long on U.S. cannabis companies and shorting Canadian producers. Measure 8 Venture Partners LP is aiming […]
Investors and Managers Focus on Inclusive Capitalism at SALT
(Opalesque) Growing concerns over wealth inequality and environmental sustainability topped the list of hot topics at this year’s SALT Conference currently underway in New York. Many investors and managers spoke of creating a more inclusive capitalism from the stage.Nuveen CIO […]
SEC Charges Nevada Man Who Traded on Confidential Information Taken From Lifelong Friend
(HedgeCo.Net) The Securities and Exchange Commission today announced settled insider trading charges against a Nevada man who obtained confidential information about a pending corporate merger from a lifelong friend and used it to generate more than $250,000 in illicit trading […]
Trade war fears are crushing stocks, and sell-off could keep going if there is no deal by Friday
(CNBC) Investors are worried the U.S. and China may not find enough common ground to head off a new round of tariffs later this week that could bite into global growth, squeeze profit margins and drive down stock prices. To […]
AMG invests in Garda Capital Partners
(Hedgeweek) Affiliated Managers Group (AMG) is to acquire an equity interest in Garda Capital Partners. After the closing of the transaction, the senior partners of Garda will continue to hold a majority of the equity of the business and direct […]
Citadel’s Flagship Hedge Funds Return 10% So Far This Year
(Bloomberg) Citadel, the hedge fund firm run by billionaire Ken Griffin, made 3.3 percent last month in its flagship funds, according to a person with knowledge of the firm. The gain extends the annual returns of the firm’s Kensington and […]
Top Hedge Fund Says Brazil Pessimism Could Bring Happy Surprises
(Bloomberg) A growing number of pessimists are bracing to be disappointed by Brazil’s long-delayed pension overhaul. For one of the nation’s most-watched hedge funds, that may be a good thing. The market consensus today is way less constructive than what […]
At Wells Fargo, Executives Push for Interim CEO to Keep Job
(Bloomberg) While Wells Fargo & Co.’s board looks far and wide for the bank’s next leader, some of the company’s most senior insiders have an alternative proposal: Why not keep the interim chief? Allen Parker, who joined the bank as […]
Hedge Fund Marcato Opposes Acreage’s Sale to Cannabis Producer Canopy
(Reuters)Hedge fund Marcato Capital Management said on Monday it opposed marijuana company Acreage Holdings Inc’s $3.4 billion sale to rival Canopy Growth Corp, arguing Acreage was too hasty in agreeing to a deal at too low a price. Marcato, which […]