Monthly Archives: June 2018
What’s Ahead for the Bond Market?
(Harvest) The Federal Reserve this week increased its target short-term rate to a range between 1.75% and 2.00%. The move marked the latest step in the Fed’s campaign to bring monetary policy back to normal after pumping the economy full […]
Credit Ratings Analyst and Two Friends Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged a credit ratings agency employee with tipping two friends about The Sherwin-Williams Co.’s confidential plans to acquire The Valspar Corp., which he learned of through his work. The SEC also charged the […]
JPMorgan Chase Bank, To Pay $65 Million Penalty
(HedgeCo.Net) The Commodity Futures Trading Commission (CFTC or Commission) has issued an Order filing and settling charges against JPMorgan Chase Bank, N.A. (JPMC) for attempted manipulation of the ISDAFIX benchmark and requiring JPMC to pay a $65 million civil monetary […]
Three Steps To Success In Hedge Fund Asset Raising
Opalesque How does one get a lead in the extremely competitive environment that is the hedge fund industry – especially funds of under $100m? Don Steinbrugge, a veteran asset raiser and head of US-based marketing firm Agecroft Partners, says it […]
Texas Businessman Charged in Multi-Million Dollar Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission today filed charges against Texas resident James VanBlaricum and six others for running an oil and gas Ponzi scheme. The SEC’s complaint alleges that VanBlaricum was the driving force behind a company called Texas […]
Ackman makes fresh layoffs at Pershing Square hedge fund
(Reuters) Billionaire hedge fund manager William Ackman, whose investment assets have shrunk by more than half in the last three years, has made a second round of staff cuts and laid off three investor relations team members, two sources familiar […]
The ranks of hedge fund managers expecting impending market chaos are growing.
(Bloomberg) 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 end of dotcom bubble in 2000. Horseman Capital Management’s Russell Clark, one […]
Point72 promotes executive to lead marketing effort
(Reuters) Billionaire investor Steven A. Cohen promoted an executive at his Point72 Asset Management to lead the firm’s effort to raise fresh capital now that his ban on managing money for outside clients has been lifted. Laura Sterner was named […]
BNY Mellon launches FX options
(Hedgeweek) BNY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the future direction of FX markets. To read this article:
Hedge-Fund Star Sundheim Lures Piles of Cash on His Own Terms
(Bloomberg) For Dan Sundheim, who starts trading outside capital at his new hedge fund in mid-July, it might as well be 2007. That’s when hedge fund managers dominated Wall Street. They could charge high fees, impose long lock-ups on capital […]
The Importance of Exercising Due Diligence When Hiring Auditors and Other Vendors
(Hedge Fund Law Report) The SEC recently announced that it had issued an order against an accounting firm and two partners for willfully aiding and abetting violations of Rule 206(4)-2 (the so-called “custody rule”) of the Investment Advisers Act of […]
Former State Street executive convicted on fraud charges
(Boston Globe) A former executive of State Street Corp. was convicted Tuesday by a federal jury for his role in a scheme to defraud customers by charging secret commissions on billions of dollars worth of trades. Ross McLellan, 47, of […]