Monthly Archives: June 2016
Hedge Funds Lift Bullish Ag Bets to 2-Year Top – Raising Scope for Selling
(Agrimoney) posted on Tue 21 Jun 2016 Permalink Print Hedge funds hiked their net long in agricultural commodities to the highest in more than two years, led by the most bullish positioning in softs since 2008 – but providing ammunition […]
Brevan Howard Co-Founder and Group COO James Vernon Steps Down
(HFMWeek.Com) Brevan Howard co-founder James Vernon has relinquished his role as group COO to take on a non-executive role, HFMWeek can reveal. The move means Vernon no longer has any day-to-day involvement with the global macro manager he founded in […]
U.S. Regulators Keep Eye Out For Risks From Marketplace Lending
(Reuters) Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to […]
Vikram Kumar Preparing Hedge-Fund Spinoff After Stellar 2015
(Bloomberg) Hedge-fund manager Vikram Kumar, who returned 27 percent last year overseeing money for TT International, is preparing to separate from the London-based investment firm, according to a letter to investors. Kumar is leading a team that will acquire management […]
Hedge Funds Sue Puerto Rico in N.Y. Over Fiscal Crisis Law
(Bloomberg) Puerto Rico was sued in New York by a group of hedge funds claiming it’s illegally using an emergency fiscal-crisis law to dodge payments on $3.5 billion in bonds that are supposed to be guaranteed by the island’s constitution. […]
Hedge fund Visium’s Valvani found dead
(Reuters) – Sanjay Valvani, a hedge fund manager at Visium Asset Management who had been charged with insider trading, was found dead in an apparent suicide on Tuesday, CNBC reported, citing Dow Jones. Federal officials earlier this month arrested Valvani […]
Muni Advisors Acted Deceptively With California School Districts
(HedgeCo.Net) The Securities and Exchange Commission today announced that two California-based municipal advisory firms and their executives have agreed to settle charges that they used deceptive practices when soliciting the business of five California school districts. An SEC investigation found […]
JPMorgan And Goldman U.S. Firms Thought Likely To Be Hardest Hit By BREXIT
(The Business Insider) JPMorgan Chase and Goldman Sachs are likely to be hardest hit among America’s biggest banks by a possible British disavowal of the European Union this month…Bloomberg News reports that the two U.S.-based firms are ‘most exposed to […]
Top TMT Hedge Funds Manage $188 Billion, Egerton Capital And LMR Partners Lead List Higher
(Hedgetracker) The latest Top Technology, Media and Telecom Hedge Fund list has been released, revealing that the top 75 Funds currently manage $188 billion in assets. Nineteen of the hedge funds on the top TMT list have seen their assets […]
Hedge Funds Sense Profit In Europe Shock Waves After Brexit Vote
(Bloomberg)Hedge-fund managers are sensing opportunity. After enduring the worst first-quarter returns since the start of the financial crisis, the prospect of Britain voting to leave the European Union is creating the market turmoil that can make them money. As shock […]
Judge Believes Hedge Fund Tied To Kickback Probe Can Repay $30m Loan
(New York Post) The hedge fund at the center of a scandal involving corruption charges against former Correction Officers Benevolent Association president Norman Seabrook was able to convince a Manhattan judge Monday that it has the cash to repay a […]
Gold Price: Hedge Funds Bullish Bets Highest Since 2011
(Mining.com) On Monday gold continued to bubble under the psychologically important $1,300 an ounce level following a volatile week where the metal briefly reached a nearly two-year high. In mid-day trade on Monday gold futures in New York for delivery […]