Monthly Archives: May 2018
NYC Hedge Fund Eyes Its Next Distressed-Debt Target: Bahrain
(Bloomberg) Greylock Capital Management LLC, a hedge fund that holds the distressed bonds of Mozambique and Venezuela, says Bahrain is its next potential target. The cash-strapped Gulf nation has been slow to implement reforms compared with its richer neighbors, including […]
Why China’s First Steps Into MSCI Are Such a Big Deal
(Bloomberg) Some 234 of China’s large-cap domestic stocks are about to get a significant new inflow of investment. They are among the companies that MSCI Inc., the New York-based provider of financial tools, is adding to its major emerging-market indexes, […]
George Soros Gets Most of His $2 Billion Back From Bessent
(Bloomberg) Very few hedge fund managers start with $2 billion from investor George Soros. One who did, Scott Bessent, has returned much of it as part of a prearranged deal. The plan between the two men called for Bessent, who […]
eVestment: Activist Hedge Funds Strongest Performers In April
(Alpha-Week) Data shop eVestment published its monthly report this week, finding that activist hedge fund strategies brought in among the strongest returns in the hedge fund industry in April, while overall industry returns are being dragged down by some mediocre […]
Goldman Banker Waves Goodbye to Wall Street’s Security in Search of Crypto Riches
(CNBC) Two days after Chris Matta earned a prized promotion at storied investment bank Goldman Sachs, he shocked his bosses. He decided to walk away from it all… To read this article:
Xerox says it is ending Fujifilm deal, settles with Icahn, Deason
(Reuters) Xerox Corp said on Sunday it was ending a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) and had reached a settlement with activist investors Carl Icahn and Darwin Deason…. To read this article:
How Increasing Interest Rates Affect Equity Returns
(Harvest) Since last September, the yield on the U.S. 10-Year Treasury has steadily increased from 2.05%, eventually surpassing the important psychological level of 3%. While we’ve written recently about the implications of rising rates for fixed income investors , we […]
Elliott Says Athenahealth Isn’t Engaging in Takeover Talks
(Bloomberg) Elliott Management Corp. said it has heard nothing from Athenahealth Inc. or its board after proposing on May 7 to acquire the health technology company for $6.46 billion. “Since that time, we have heard nothing from the company beyond […]
Activist Hedge Funds Show Strong Performance in April
(Harvest) Activist hedge fund strategies brought in among the strongest returns in the hedge fund industry in April, while overall industry returns are being dragged down by some mediocre performances, according to the just-released eVestment April 2018 Hedge Fund Performance […]
The Hedge Fund Guru Behind Elliot Advisors, One of The World’s Most Tenacious Activist Investors
(This is Money) Paul Singer and his son Gordon are not household names but mere mention of them is enough to send shockwaves through boardrooms. Their £25 billion hedge fund Elliott Advisors is one of the world’s most tenacious activist […]
Is It Time For Value Investing to Return to the Limelight?
(Harvest) We believe macroeconomic developments in the United States and elsewhere could prove a fillip to value investing after several years of underperformance. The combination of suppressed interest rates and low volatility has contributed to an extended period in which […]
China Growth Outlook: Weaker Than It Appears?
(Harvest) A slowdown in industrial activity may indicate global growth has peaked. To read this article: