Monthly Archives: September 2016
Quant Hedge Funds Are China’s Hot New Export
(Bloomberg) Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to Marlon Sanchez, the Asia-Pacific head of […]
Natixis: Investors and Advisors Split on Return Expectations
(Fin Alternatives) Investors and their advisors are still miles apart in return expectations, according to a new survey by Natixis Global Asset Management, although the vast majority of advisors are turning to tools such as liquid alternatives to diversify their […]
Biotech Employee Charged With Insider Trading Ahead of Company’s Announcements About Breast Cancer Drug
(HedgeCo.Net) The Securities and Exchange Commission today charged the former senior director of regulatory affairs for Puma Biotechnology with insider trading ahead of the company’s news announcements about its drug to treat breast cancer. The SEC alleges that Robert Gadimian […]
Deutsche Bank Admits ‘Perception Issue’ as Shares Slide
(Reuters) Deutsche Bank shares were indicated down 6.2 percent ahead of the opening of the Frankfurt market on Friday, after Germany’s largest lender admitted it had an image problem with investors as fresh concerns over its stability emerged.The lurch followed […]
Risk Parity on the Rebound as Fed, BOJ Remain Accommodative
(Fin Alternatives) Recent policy decisions by the Federal Reserve and Bank of Japan have given a second wind to beleaguered risk parity strategies at managers such as Bridgewater and AQR that rely on rock-bottom interest rates and low market volatility […]
Elliott Discloses 8.1% Activist Stake in Mentor Graphics
(Bloomberg) Elliott Management Corp. increased its activist stake in Mentor Graphics Corp. to 8.1 percent, saying shares of the design-services provider are deeply undervalued. “There are numerous operational opportunities, including enhancing operational efficiency and revenue quality, as well as strategic […]
Will This Top Firm Get Tough on Pay this Bonus Round ?
(HITC Business) Deutsche Bank could raise as much as $3.14bn by taking a tougher stance on employee compensation and not giving bonuses to thousands of staff, according to Autonomous Research. “Being very tough on the 2016 bonus pool and requiring […]
Portfolio Construction Using Endowment Drivers with David Armstrong
(Daily Alts) David Armstrong, portfolio manager for Cedar Capital, was Strategic Investor Radio’s very first guest when the program debuted in October 2014. In this episode, Mr. Armstrong is back with host Charley Wright, as the two men discuss Cedar […]
Hedge Fund CIO Explains Why Returns Aren’t What They Used to be
(Yahoo) Generally speaking, it’s been challenging for hedge funds to beat the market for the last couple of years. Ryan Tolkin, the chief investment officer of Schonfeld Strategic Advisors, pointed out one critical change in the hedge fund landscape that’s […]
Och-Ziff To Pay $400 Million To Settle Bribery Allegation
(Reuters) Och-Ziff Capital Management Group LLC will pay $400 million and a subsidiary will plead guilty to resolve U.S. probes into its involvement in bribes paid to African officials, two people familiar with the matter said on Wednesday. In a […]
UBS Financial Services Hit With $15-Million Penalty
(HedgeCo.Net) The Securities and Exchange Commission today announced that UBS Financial Services has agreed to pay more than $15 million to settle charges that it failed to adequately educate and train its sales force about critical aspects of certain complex […]
Rhode Island Cuts Hedge Fund Target Allocation by Half
(Fin Alternatives) Rhode Island’s $7.6 billion pension fund plans to slash its allocation to hedge funds by half over the next two years in a bid to improve returns, the latest public retirement plan to lower exposure to the alternative […]