Monthly Archives: June 2016

Fund Manager Franklin Templeton Bets On Higher Oil Prices

(Bloomberg) Franklin Templeton Investments, a fund manager with $740 billion in assets, is pouring money into shares of independent oil exploration and production companies, betting that crude prices will rise further. The California-based fund manager, which is among the largest […]

AllianceBernstein to buy Visium

(CNBC) CNBC’s Dominic Chu reports on hedge fund Visium Assets Management. The deal could be announced as early as today. To read this article:

Wall Street rocked by an $8 billion hedge fund’s implosion

(Business Insider) Visium Asset Management, a multibillion-dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since […]

SEC Approves IEX Proposal to Launch National Exchange, Issues Interpretation on Automated Securities Prices Staff Issues Guidance on Speed Bumps

(HedgeCo.Net) The Securities and Exchange Commission today approved Investors’ Exchange LLC’s (IEX) application to register as a national securities exchange. At the same time, the Commission issued an updated interpretation that will require trading centers to honor automated securities prices […]

HFRX Interim Update: Hedge Funds Mixed Through Mid-June

(FinAlternatives) Hedge fund performance was mixed at June’s midway point as global financial markets collectively worried about U.S. interest rate hikes and Britain’s referendum on membership in the European Union, according to a flash update from Hedge Fund Research. The […]

Atrato Advisors Hires Vantine To Lead Credit & Event-Driven Research

(FinAlternatives) Alternative investment advisory firm Atrato Advisors has brought former Chi-Rho Financial executive Andrew Vantine aboard to lead credit and event-driven strategy research for the firm. Vantine was previously co-director of research at Chi-Rho, an Atlanta-based fund of funds and […]

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 […]

Millennials Getting Interested In Alternatives

(Opalesque) A new survey of investor preferences from AMG Funds, U.S. retail distribution arm of global asset management company, Affiliated Managers Group, Inc. suggests that affluent millennials are interested in investing in alternatives but struggle to find enough information on […]

A Who’s Who Of Hedge Financiers Is Expected At Trump’s New York Fund-Raiser

(New York Times) Donald J. Trump is holding a fund-raiser in New York City next week to be hosted by a who’s who of the financial world, including John A. Paulson, whose hedge fund made billions betting on the collapse […]

Visium To Shut Four Remaining Hedge Funds As Manager Charged

(Bloomberg) Jacob Gottlieb’s Visium Asset Management, the once high-flying hedge fund firm that at its peak managed $8 billion, is shutting down four of its remaining hedge funds after one of its star managers was arrested and accused of insider […]

Hot ETF Options To Track Popular Hedge Fund Positions

(Nasdaq) The S&P 500 utilities sector rose 15% in the first quarter, as investors sought out the relative safety of these dividend-paying domestically focused companies amid elevated global market volatility. Meanwhile, demand for in gold ETFs was quite strong in […]

Private Fund Administrator Charged With Gatekeeper Failures

(HedgeCo.Net)— The Securities and Exchange Commission today announced that a firm providing administrative services to private funds has agreed to pay more than $350,000 to settle charges that it failed to heed red flags and correct faulty accounting by two […]