Monthly Archives: June 2018
Billionaire Tory Donor Crispin Odey Demands The Resignation Of Two Top Tungsten Bosses
(City A.M) Hedge fund manager and Conservative party donor Crispin Odey has opened fire on the chief executive and chairman of Tungsten Corporation, demanding that they be kicked off the board. As one of the largest shareholders in Tungsten, Odey […]
Investment Manager TSW Triggers Succession Plan
(Opalesque) TSW, one of the nation’s leading value-oriented investment managers, today announced the next steps of a planned succession process initiated in 2014 to ensure a seamless leadership transition that positions the firm for continued growth and stability. Frank Reichel, […]
International developers, investors eye the Bahamas
(Opalesque) The Bahamas have long been a destination for high net worth individuals seeking to manage their wealth offshore. Now as the Commonwealth looks toward expanding its role in the investment industry, the concentration of private wealth already on the […]
The big Italy short was hiding in plain sight
(Reuters) The marriage of politics and finance in Italy regularly produces strange offspring. But a suggestion, floated over the weekend in the country’s most-respected newspaper, of a James Bond-style plot by some big investors to sink Italian financial markets added […]
Employee Suing Point72 For Gender Bias Says Firm Is Surprisingly Congenial Towards Employees Suing For Gender Bias
(Dealbreaker) Steve Cohen isn’t exactly known for playing nice with those who cross him in court. Preet Bharara, Prem Watsa and his ex-wife all know what we’re talking about. Laura Bonner, however, does not. This is surprising, as Bonner is […]
A Mathematical Approach to Risk Hedging That Works
(Harvest) Statistical analysis and probability theory have long focused on the problem of trying to detect turning points in financial markets. If changes in the distribution of potential outcomes can be discovered, money managers can react ahead of potential market […]
Other Voices: Not Just For Banks – Changes To Dodd Frank Impact Private Funds
(Opalesque) On May 24, 2018, President Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act. While much of the Act was designed to provide smaller financial institutions and community banks with relief from regulations implemented under […]
Is The Muni Bond Market Positioned For Its Moment In The Sun?
(Harvest) As we kick off the historically positive summer months for the muni market, investors could see higher returns — but may have a hard time finding bonds. The passage of Memorial Day has officially ushered in summer: the season […]
Barclay Hedge Fund Index Gains 0.90 per cent in May
(Hedgeweek) Hedge Funds were up 0.90 per cent in May according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 2.41 per cent increase in the S&P 500 Total Return Index. Year to date, the Barclay Index is […]
Wilshire Liquid Alternative Index down 0.27 per cent in May
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.27 per cent in May, underperforming the 0.26 per cent monthly return of the HFRX Global Hedge Fund Index. […]
Capitalism May Need Modernizing,’ Says Billionaire Hedge Fund Manager Paul Tudor Jones
(CNBC) Today’s definition of capitalism needs an overhaul because of income inequality, billionaire hedge fund manager Paul Tudor Jones tells CNBC.”Capitalism may need modernizing,” the reclusive trader says. Jones points to economist Milton Friedman’s nearly 50-year-old definition that the “social […]
Citrone’s Discovery Strikes a Comeback With Italian Short Wager
(Bloomberg) Rob Citrone is seeing a comeback in his hedge fund Discovery Capital Management after profiting last month from the market turmoil in Europe. His main fund surged 10.6 percent in May, paring losses this year to about 2 percent, […]