Monthly Archives: September 2017
State Street Unveils New Quant-based Research Management Solution
(FINalternatives) Global financial services giant State Street is launching a new service that will combine the advantages of machine learning technology with the knowledge and experience of human experts. To read this article:
Hedge Funds Promise Downside Protection — and Risks
(CNBC) Though hedge funds often signal a freewheeling, shoot-from-the-hip investment style, for the most part these investment vehicles aim to dampen volatility. They do it by using various strategies that are supposed to provide protection from market volatility and sometimes […]
State Street Unveils New Quant-Based Research Management Solution
(FINalternatives) Global financial services giant State Street is launching a new service that will combine the advantages of machine learning technology with the knowledge and experience of human experts. The new service, named the Quantextual Idea Lab, is aimed squarely […]
Clariant Short-Sellers Squeezed as Activist Corvex Doubles-Down
(Reuters) Hedge funds have trimmed bets on a fall in shares of Clariant (CLN.S), just as activist investor Corvex increases pressure on the Swiss chemicals company to ditch a $20 billion M&A deal with rival Huntsman (HUN.N). The hedge funds’ […]
Ex-Barclays CEO Jenkins Bags $46m for His Fintech Startup
(Bloomberg) Ever since Barclays Plc ousted Antony Jenkins as chief executive officer in 2015, he has been warning the banking industry to embrace new technology or face a “Kodak moment” of obsolescence. Now Jenkins has the opportunity to practice what […]
Adviser Charged With Stealing Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission has charged a New Jersey-based tax preparer and investment adviser with stealing more than $1 million from clients to support his gambling habit and other personal expenditures. The SEC alleges that Scott Newsholme of […]
Emerging Market Debt Trading Falls in Q2 for First Time Since 2015
(Reuters) Trading volume for emerging market debt fell in the second quarter of 2017 to $1.132 trillion, a survey released on Tuesday showed, a 14 percent decrease from the first quarter and 17 percent lower than in the April-June period […]
Stumbling Isn’t Humbling for This Hedge-Fund Guy
(Bloomberg) In our last episode of “Mick McGuire: Activist Investor,” our hero was flying high. It was early June, and the young hedge-fund manager, who earlier in his career had played Robin to Bill Ackman’s Batman, 1 had made a […]
Harvard Endowment Posts Gains, New Investment Chief Not Satisfied
(Reuters) Harvard University, which has been retooling the way it invests its $37.1 billion endowment, reported an investment gain on Tuesday but its investment chief called it “disappointing” and said it will take time to improve results. The Ivy League […]
Hedge Fund Elliott Says Has Strategic Goals for Stada
(Reuters) Elliott, the activist hedge fund founded by Paul Singer, has strategic goals for German generic drugmaker Stada (STAGn.DE) but will not press for boardroom changes, Stada said. “The prevalent aim of the investment is implementing strategic objectives where the […]
Hedge Fund Giant Citadel is Building Out a New Unit With Big Hires
(The Business Insider) Hedge fund giant Citadel has hired three staffers in its build out a fresh investment unit. To read this article:
Goldman Has a Plan for Its Misfiring Bond Business
(The Business Insider) Goldman Sachs has a plan. The US investment bank, which has been under pressure over its misfiring bond trading business, on Tuesday set out a strategy to generate an additional $1 billion plus in fixed income, currencies […]