Monthly Archives: June 2019

Traders Brace for New Cold War That Will ‘Last Our Careers’

(Bloomberg) Ray Dalio calls it a “long ideological war.” Mark Mobius sees little hope for a quick resolution. And Stephen Jen says we’re witnessing the start of a 15-round fight. As the U.S. and China clash over everything from trade […]

Poker-Playing Hedge Fund Managers Have an Edge

(Bloomberg) Do poker players make good hedge fund managers? On one hand, there’s skill overlap. Both activities demand aggressiveness, accurate calculations under pressure, keen behavioral insight and shrewd risk-taking. On the other hand, poker seems like a risk-seeking activity, suggesting […]

Venture Investors Eye China’s Greater Bay

(Opalesque) Could the Greater Bay area around Hong Kong become a new innovation district for China? Professor Graham Leach, Operating Partner at the Hong Kong Emerging Technologies Venture Fund, says it’s possible thanks to the completion of the Hong Kong-Zhuhai-Macau […]

ICOs and Digital Assets: A New and Optional Legal Regime in France

(Opalesque) The Situation: ICOs and digital assets have become a new phenomenon that has impacted many aspects of our modern economies and created an alternative way of financing for start-ups or small and medium-sized enterprises. To read this article:

Adams Street Partners Closes Debut Private Credit Program with $1.1bn

(Opalesque) Adams Street Partners, a private markets investment management firm with $37 billion of assets under management, announced today it has successfully completed fundraising for its inaugural Private Credit program with approximately $1.1 billion of capital available to deploy, including […]

Hedge Fund Managers See Echo of Past Crashes in Markets

(Bloomberg) The ranks of hedge fund managers expecting impending market chaos are growing. Greg Coffey, the former star manager at Moore Capital Management who started trading at his own firm this year, is comparing the turmoil in May to the […]

Former Equifax Manager Charged With Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission today charged a former Equifax manager with insider trading in advance of the company’s September 2017 announcement of a massive data breach that exposed Social Security numbers and other personal information of approximately 148 […]

Hedge fund flows slightly negative for May

(Hedgeweek) After being just slightly positive in April 2018, hedge fund AUM were just slightly negative in May of this year, with investors pulling USD1.59 billion from the industry during the month, according to the latest eVestment Hedge Funds Report. […]

Hedge Fund That Made 6,000% on VIX Jump Bets on Next Blow-Up

(Bloomberg) A hedge fund that reaped an outrageous gain in February’s vol-mageddon is eyeing a fresh target. Houndstooth Capital Management LLC secured a 6,000 percent return from a bearish bet on an exchange-traded product tied to calm markets. Now, the […]

Hedge-Fund Founder Accused of Leasing Rat-Filled, Sewer-Scented N.Y. Townhouse

(Bloomberg) A real estate developer who rented an upscale Manhattan townhouse is suing its owner, hedge fund manager Thomas Sandell, claiming the property was overrun with rats and reeked from a sewer problem. Joseph Chetrit said he has been paying […]

Mickey Mouse Vs. the Hedge Funds

(Bloomberg) Equal treatment of shareholders is a central tenet of Britain’s takeover rules. To uphold that principle, U.K. regulators should force Walt Disney Co. to make a higher offer to investors in Sky Plc if it gains an influential stake […]

Goldman Sachs cashes in over $100m from advising Fox on Disney tie-up

(City AM) According to a regulatory filing to the Securities and Exchange Commission, Goldman Sachs received $58m for its work with Fox since August 2017 before Disney agreed on a $52.3bn deal to buy Fox in December. It will take […]