Monthly Archives: May 2019
EEX power derivatives markets increase by 35 per cent
(Hedgeweek) The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 35 per cent to 331.9 TWh in April (April 2018: 246.6 TWh). In particular, volumes traded in the German Phelix-DE product (232.2 TWh, +82 per cent) […]
Funds dig deeper into bearish CBOT bets as heavy stocks, trade war weigh
(Reuters) – Heavy world stocks, trade conflicts, and demand disruptions have led speculators to end April on a record bearish note across Chicago-traded grains and oilseeds, and a sharp reversal in investor attitude anytime soon seems unlikely. To read this […]
Oil market will tighten sharply when U.S. refineries return from maintenance
(Reuters) – U.S. commercial crude oil inventories have been rising in recent weeks, which some observers have interpreted as evidence the global oil market is adequately supplied and blame for a sudden decline in oil prices. To read this article:
Elliott wants Whitbread to offload chunks of its property portfolio:
(Reuters) – Elliott Advisors has become increasingly frustrated with Whitbread Plc’s strategy of owning Premier Inn hotels outright and wants the company to offload chunks of its 5.8 billion pound ($7.64 billion) property portfolio, the Sunday Telegraph reported. To read […]
Nektar Shuts $1 Billion Hedge Fund as Main Backer Pulls Out
(Bloomberg) Nektar Asset Management is shutting down its money pool after its largest backer pulled out, adding to a growing list of hedge funds that have thrown in the towel. Brummer & Partners, an investor since 2002, said it will […]
Hedge Funds Resurrect CDO Trade, Saying this Time It Will Work
(Pensions & Investments) Hedge funds and other investors are reviving a type of securitized product that blew up during the financial crisis. This time around they’re convinced that the structures will not only weather the next downturn, but might even […]
Optima Partners Appoints Private Equity and Hedge Fund Adviser as COO
(HedgeWeek) Global regulatory compliance firm Optima Partners as appointed private equity and hedge fund adviser David Gold as the firm’s Chief Operating Officer (COO). “Hiring David represents a significant investment in Optima’s growth,” says Optima Partners CEO Jonathan Saxton. “His […]
San Diego-Based Investment Adviser Charged with Running a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission charged Christopher D. Dougherty and several entities he controlled, with operating a Ponzi scheme that defrauded his investment advisory clients out of $7 million. The San Diego District Attorney’s Office separately announced criminal charges […]
Steve Cohen’s Hedge Fund Point 72 Seeks Another $1 Billion
(Bloomberg) Steve Cohen wants more.His Point 72 Asset Management, which attracted $5 billion in outside money last year in a comeback for the hedge fund investor, is seeking to raise an additional $1 billion by September, according to people familiar […]
Optima Partners appoints private equity and hedge fund adviser as COO
(Hedgeweek) Global regulatory compliance firm Optima Partners as appointed private equity and hedge fund adviser David Gold as the firm’s Chief Operating Officer (COO). To read this article:
Hedge Fund Co-Investing Quickens as Investors Chase Bigger Gains
(Bloomberg) Hedge fund co-investments are becoming increasingly popular as allocators including pensions and endowments seek bigger gains and lower fees. About 41 percent of investors said they plan to put money to work alongside hedge funds this year, according to […]
Swedish hedge fund Nektar to close after top investor redeems
(Reuters) – Swedish hedge fund Nektar Asset Management said on Thursday it would close after top investor Brummer & Partners notified of plans to redeem its entire investment. To read this article: