Monthly Archives: August 2016
SEC Charges Stockbroker and Friend With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission today charged a stockbroker and his friend with participating in an insider trading scheme to profit in advance of two major announcements out of a pharmaceutical company. The SEC alleges that Paul T. Rampoldi […]
SEC: Investment Adviser Boasted Phony Assets and Track Record, Stole From Client
(HedgeCo.Net) — The Securities and Exchange Commission today announced fraud charges against a San Francisco man and his investment advisory firm accused of pretending to manage millions of dollars in assets and then stealing money from the first client who […]
SS&C GlobeOp Hedge Fund Performance Index Gains 1.83% in July
(Fin Alternatives) Hedge fund returns as tracked by global administrator SS&C GlobeOp returned to positive territory following June’s dip, while the company’s measure of industry asset flows also recovered. To read this article:
Mariner Investment Group Closes Third CLO at $503M
(Fin Alternatives) Global alternative asset manager Mariner Investment Group has closed its third collateralized loan obligation at $503 million, bringing the total raised by the company’s leveraged credit group to $1.5 billion across three vehicles in the last two years. […]
Hedge Fund Results and Cryonic Debt
(Bloomberg) Barclays put out a big sad report about the hedge fund industry this week, and this may be the saddest chart: To read this article:
Bidder-Hedge Fund Axis Scores Again
(Bloomberg) Hedge funds have again forced a bidder to pay more in a takeover situation. This time the squeezed buyer is Steinhoff International and the target is U.K. discount retailer Poundland. To read this article:
Hedge Funds Face New Blow as $83 Billion Pension Cuts Them Out
(Bloomberg) Danish pension fund PFA says it has found a way to boost returns in a world of ultra-low yields: cut out middle men like hedge fund managers and do it yourself. “Part of our new strategy is to do […]
Hedge Fund Performance Rebounds In July – eVestment
(Opalesque) Last month, hedge fund investors pulled $20.7 billion from hedge funds, one of the largest drawdowns in years. But that may have been premature as hedge funds saw performance rebound in July, with aggregate performance hitting +1.89% in July […]
Hedge Funds Press Banco Popular for Puerto Rico Deposits
(Bloomberg) Hedge funds that own Puerto Rico bonds are putting pressure on Banco Popular over commonwealth funds deposited at the bank that they say should go to them. Lawyers representing the Ad Hoc Group of General-Obligation Bondholders sent a letter […]
Former Professional Football Player Charged With Running $10 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission today charged Merrill Robertson Jr., a former player for the Philadelphia Eagles, with defrauding investors, including coaches he knew from his time playing football for the Fork Union Military Academy and the University of […]
Activist, Distressed Strategies Lead July Hedge Fund Gains
(Fin Alternatives) Last month’s $20.7 billion in hedge fund redemptions may have been premature given a broad rebound in performance in July, according to the latest edition of eVestment’s Hedge Fund Performance Report. To read this article:
SS&C GlobeOp Hedge Fund Performance Index: July performance 1.83%; Capital Movement Index: August net flows advance 0.69%
(Yahoo Finance) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2016 measured 1.83%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.69% in August. “SS&C GlobeOp’s Capital Movement Index rose […]