Monthly Archives: May 2019
Harvard Piles Into Hedge Funds as New Chief Overhauls Endowment
(Bloomberg) Harvard University’s N.P. “Narv” Narvekar is doubling down on an investment that has fallen out of fashion: hedge funds. Narvekar’s bet on the sophisticated, high-cost brand of money manager marks the biggest since the university hired him in 2016 […]
U.S. Court Grants Stay in PDVSA Debt Cases Due to Venezuela ‘Political Situation’
(Reuters) A U.S. court granted a 120-day stay in a legal battle between a hedge fund and Venezuela’s state-run oil company, PDVSA, over unpaid debt in light of the country’s “political situation,” according to a ruling filed on Monday. The […]
Hedge Fund Managers Present Their Best Ideas at Sohn
(Opalesque) Big name hedge fund managers gathered at the Sohn Investment Conference in New York to share their best ideas. Presenters this year offered a diverse set of opportunities from hotel chains to emerging markets. Here are the top calls. […]
Hedge funds positive again in April after robust first quarter
(MarketWatch)The Eurekahedge Hedge Fund Index was up 1.13 per cent in April, supported by the global equities which advanced on encouraging economic data and accommodative central bank policies. To read this article
Markets Wrong to Fret Medicare for All, Glenview’s Robbins Says
(Bloomberg) Investors were wrong to be fearful of the “Medicare-for-All” proposals that sent health insurer stocks plunging this year, according to Larry Robbins, founder of hedge fund firm Glenview Capital Management. “Anything that’s mandatory in health care in the U.S., […]
Uniper Rejects Activist Investor Call to Spin Off Russian Arm
(Reuters) Uniper has rejected a call from activist investor Knight Vinke to spin off its Russian arm to address regulatory concerns that have prevented Finland’s Fortum from taking full control of the German utility. Knight Vinke, which holds a 5 […]
Oil Prices Correct Lower on Hedge Fund Sales
(Reuters) Hedge fund managers have started to increase their bearish oil positions for the first time since the start of the year, amid signs the previous bull run had become overextended and prices were ripe for a correction. Hedge funds […]
GoldenTree Asset Management Names Christopher Hayward as President
(Opalesque) GoldenTree Asset Management, a global credit manager, announced that Christopher Hayward has been named Partner, President and member of the Executive Committee. Mr. Hayward succeeds Robert Matza who is retiring. To read this article:
Adam S. Aderton Named co-chief of SEC’s Asset Management Unit
(Opalesque) The Securities and Exchange Commission announced that Adam S. Aderton has been named Co-Chief of the Division of Enforcement’s Asset Management Unit, a national specialized unit that focuses on misconduct by investment advisers, investment companies, and private funds. He […]
Continental Europe Investors and Consultants Giving Hedge Funds Another Look, Says EeVestment Report
(HedgeWeek) The hedge fund industry continues to see asset redemptions despite performance that’s outpacing 2018’s challenging results, as reported by eVestment in April. Now at least one set of investors and consultants – those in continental Europe – appear to […]
Final Judgment Against Former Broker for Defrauding Customers
(HedgeCo.Net) A federal district court has entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s […]
Healthcare, bullish bets dominate hedge-fund Sohn Investment Conference picks
(Reuters) – Big-name hedge fund managers, including David Einhorn and Larry Robbins, pitched stock ideas ranging from airplane lessors to biotech companies that are working to extend the human lifespan at the Sohn Investment Conference in New York on Monday. […]