Monthly Archives: June 2019
Ray Dalio, David Rubenstein and Marc Lasry to headline second annual Greenwich Economic Forum
(Opalesque) The Greenwich Economic Forum (GEF) announced that its annual event will be taking place at the Delamar Greenwich Harbor Hotel on November 5-6, 2019. GEF will once again gather an elite group of leaders from global finance, business, government, […]
Elliott Management in talks to buy Barnes & Noble
(Reuters) Hedge fund Elliott Management Corp is in talks to acquire Barnes & Noble Inc, in a deal that would mark the end of the once-dominant U.S. book retailer as a publicly listed company, a source familiar with the matter […]
U.S. regulators probe embattled hedge fund firm City Financial
(Reuters) (Reuters) – U.S. regulators are investigating City Financial Investment Company, a London-based hedge fund firm that entered administration three months ago, according to a notice. The U.S. Securities and Exchange Commission (SEC) watchdog started an inquiry before two administrators […]
Fortress Billionaire Wes Edens Bets on ‘Freedom Gas’ Exports
(Bloomberg) Wes Edens is an unlikely evangelist for the benefits of U.S. natural gas exports — or “freedom gas,” as the Department of Energy likes to call it. The 57-year-old billionaire is a creature of Wall Street. After stints at […]
Hedge Fund Adviser to Pay $5 Million for Compliance Failures Related to Valuation of Fund Assets
(HedgeCo.Net) A private fund manager in the mortgage-backed securities space has agreed to pay a $5 million penalty to settle charges stemming from compliance deficiencies that contributed to the firm’s failure to ensure that certain securities in its flagship fund […]
U.S. regulators probe embattled hedge fund firm City Financial
(Reuters) – U.S. regulators are investigating City Financial Investment Company, a London-based hedge fund firm that entered administration three months ago, according to a notice published at UK companies registrar Companies House on Tuesday. To read this article:
Activist hedge fund CIAM will ‘strongly oppose’ FCA-Renault deal
(Reuters) (Reuters) – Activist hedge fund CIAM has written to the board of French automaker Renault to say it “strongly opposed” a planned $35 billion merger with Fiat Chrysler. To read this article:
Fraud Charges Filed Against Cryptocurrency Company Longfin, CEO, and Consultant
(HedgeCo.Net) The Securities and Exchange Commission has filed a new fraud action against Longfin Corp. and its CEO for falsifying the company’s revenue and, together with a former Longfin consultant, for fraudulently securing the company’s listing on Nasdaq. The SEC’s […]
Short-Seller Pain That Began Monday Just Became a Bloodbath
(Bloomberg) A drubbing for short sellers that went under the radar Monday snowballed as dovish indications from the Federal Reserve handed bearish traders their worst back-to-back losses in five months. To read this article:
Goldman Says to Pick Darlings of Both Mutual and Hedge Funds
(Bloomberg) It’s good to be a beloved stock. And even better if you’re loved by a couple of key investor groups, according to Goldman Sachs Group Inc. Stocks fancied by both mutual and hedge funds have enjoyed higher annualized returns […]
Key considerations when choosing an outsourced trading partner
(Hedgeweek) Outsourcing the trading function has become an important trend within the hedge fund industry as managers, both large and small, look to generate marginal gains by reducing the cost of operations. To read this article:
Harvard Endowment Needs to Lower Fees, Not Pay
(Bloomberg) The battle over investment fees is coming to a college campus near you. A group of Harvard University alumni known as the Class of 1969 Ad Hoc Committee on Harvard’s Endowment Management recently complained in a letter to Harvard […]