Monthly Archives: May 2019

(Hedgeweek) One-year-old startup the Diamond Standard Co has launched the world’s first fungible diamond commodity product – a universal asset to secure any digital transaction. To read this article:

(Reuters) – Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the […]

(Reuters) – U.S. stocks fell on Monday after President Donald Trump pledged to raise tariffs on Chinese goods, though Wall Street finished well off its session lows as some investors saw Trump’s comments as a bargaining tactic and expressed confidence […]

(Bloomberg) Glenview Capital Management lost about $2 billion in assets in less than a year as investors fled a fund that began charging fees after it was initially free. The hedge fund firm founded by Larry Robbins managed $7.7 billion […]

(Bloomberg) Harvard University’s N.P. “Narv” Narvekar is doubling down on an investment that has fallen out of fashion: hedge funds. To read this article:

(Bloomberg) Warren Buffett, who has long slammed the hedge fund industry for charging high fees, escalated his criticism of private-equity firms that have been raising record sums of money in recent years. To read this article:

(Bloomberg) To pick up Elliot Management Corp as an activist investor is unfortunate. Having another hedge fund agitator in the form of Knight Vinke must be misery, especially when it’s making rival demands. Add in a bidder with a blocking […]

(Reuters) Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe. Icahn Enterprises said it […]

(New York Times) It is called “Woodstock for Capitalists” for a reason. More than 40,000 investors descended on Omaha this weekend for Berkshire Hathaway’s annual meeting, in celebration of an economic model that has come under attack over the past […]

(CNBC) The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets. Edmonds, 37, pleaded guilty in October in […]

(CNBC) Markets start the week on a negative footing, after U.S. President Donald Trump on Sunday tweeted threats of new tariffs on China and indicated trade talks may have hit a rough patch.Investors had been hoping to see signs that […]