Monthly Archives: June 2019
Typhon Capital Management launches quant trading program
(Opalesque) Typhon Capital Management announced today Roberto Vernazza and his Mercurio Quantitative Program have joined the firm. Mr. Vernazza is Typhon’s first dedicated Quant portfolio manager under the team of François Moreau, Head of Quantitative Trading, and Cris Doloc, Ph.D., […]
SEC fines hedge fund $5 million over undervaluation of assets
(Opalesque) A recent action where the SEC focused on the presumably conservative undervaluation of assets suggests that it is more than willing to use valuation as a hook to deter “smoothing” of returns. As we previously noted, while the SEC […]
Notz Stucki intent on playing an active role in consolidation
(Opalesque) 55 years after its foundation, the Geneva-based asset management firm NOTZ STUCKI has bolstered its governance with an expanded and rejuvenated Executive Committee.Drawing on its acknowledged investment expertise and its diversification into three complementary activities, the Group clearly states […]
New Defendant Charged in $43 Million Tribal Bonds Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million […]
Investors pull another $3.78bn from hedge funds as consolidation pressure mounts
(Hedgeweek) Global investors pulled another $3.78 billion from hedge funds in May, according to the May 2019 eVestment Hedge Fund Asset Flows Report. However, despite the overall negative industry flows, many funds have been successfully able to raise new assets […]
Alternative investment professionals bullish on prospects for remainder of 2019
(Hedgeweek) A new survey of alternative investment professionals has found that hedge fund and private equity executives alike predict moderate economic growth for the remainder of 2019. To read this article:
CMC Markets to launch range of crypto indices
(Hedgeweek) CMC Markets, a spread betting and contracts for difference (CFD) provider, is rolling out to its customers the ability to spread bet and trade CFDs on three new cryptocurrency indices. To read this article:
Lawyer for Platinum Partners founder assails prosecutors’ ‘lies’
(Reuters) – A lawyer for Mark Nordlicht, founder of defunct hedge fund firm Platinum Partners, assailed U.S. prosecutors at Nordlicht’s criminal trial on Wednesday, suggesting they deliberately misled jurors to boost their careers. “I’m going to show you lies told […]
HG Vora builds Owens Corning stake to push for changes
(Reuters) – Hedge fund HG Vora Capital Management LLC is building a stake in Owens Corning to push the U.S. composites and building materials company to explore options that include a sale or a break-up, people familiar with the matter […]
Hedge Funds Boost Equity Leverage at Fastest Rate in Three Years
(Bloomberg) Some of the most aggressive traders in the market are embracing stocks after avoiding them for almost a year. Rather than bailing during rallies, hedge funds are jumping in, just as the S&P 500 Index vaults back to records. […]
Regulators Don’t Enjoy CDS Games
(Bloomberg) That is a joint statement from the heads of the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority, who have all taken notice of “various opportunistic strategies in the credit […]
Area One Farms Closes Fund IV With $120 Million
(Globe) Area One Farms, a specialty Canadian investment firm that builds equity partnerships with Canadian farmers, is pleased to announce the first close of Fund IV (The Fund) with commitments totaling $120 million. To read this article: