Monthly Archives: June 2018

Greece Passes Fast-Track Reform Package To Unlock Bailout Cash

(CNBC) Greece is due to exit its latest bailout programme in August and will then have to rely on financial markets to cover its borrowing needs.The nation has a debt-to-GDP ratio of 179.8 percent — the highest in the 19-nation […]

Comcast-Fox Deal Could Earn Wall Street Nearly Half A Billion Dollars In Fees

(CNBC) M&A bankers including Goldman Sachs stand to share $180 million in advisory fees, according to Freeman Consulting.The bigger haul comes from financing Comcast’s $65 billion all-cash offer, which could result in $300 million in fees.Investment bankers were already on […]

Quantamental Investing: The Future Is Now

(Harvest) Applied Equity Advisors combines factor investing with stock-specific research. Tapping both sources of excess returns helps us achieve greater consistency of returns and avoid behavioral pitfalls. To read this article:

New Intralinks survey reveals limited partner allocation plans and preferred investment methods

(Hedgeweek) Virtual data room provider Intralinks has released the initial results of its 2018 LP Survey which, among other things, found that nearly two-thirds of the limited partners (LPs) queried expect to increase their allocations to alternative investments in 2018. […]

Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers

(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch […]

Banks Get Distracted by the World Cup

(Bloomberg) The World Cup kicks off today, minutes after this newsletter publishes, which means that there will be no finance news for the next month. That will make this newsletter a bit of a slog, sorry. So I guess let’s […]

Netflix’s Frenzy, Getting Hangry and More Russian Meddling

(Bloomberg) The media industry is in a frenzy. AT&T is buying Time Warner for $85 billion after overcoming a challenge from the Justice Department. The Murdoch family has agreed to sell the majority of its 21st Century Fox empire to […]

Hedge Funds’ Best Ideas? Those Are Just Stocks They’re Dumping

(Bloomberg) Ever wonder why hedge fund managers are so willing to get up on a stage and tell the world about their best ideas? A new study suggests an answer: the ideas are getting old, and they need a spot […]

Ackman’s hedge funds gain after years of losses, Chipotle helps

(Reuters) William Ackman’s private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses. To read this article:

Allergan appoints former Abbott executive to its board

(Reuters) Allergan Plc (AGN.N) said on Thursday former Abbott Laboratories (ABT.N) executive Thomas Freyman will join its board, a week after two of its shareholders criticized the drugmaker’s acquisition strategy and board composition. To read this article:

Oil prices stall as hedge funds take profits:

(Reuters) Investors continue to reduce their bullish position in crude oil futures and options, after a blistering rally over the last year, but now the profit-taking has spread to refined fuels such as gasoline and heating oil. Hedge funds and […]

In Natus Proxy Fight, Glass Lewis Supports Voce Nominees

(Reuters) Influential proxy-advisory firm Glass Lewis & Co recommended that Natus Medical Incorporated shareholders remove two company nominated directors and replace them with hedge fund Voce Capital Management’s nominees. Glass Lewis & Co’s recommendation, released to clients late on Tuesday […]