Monthly Archives: September 2016
BOK Financial, Senior Executive Charged With Turning Blind Eye to Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced that a subsidiary of Oklahoma-based BOK Financial Corporation has agreed to pay more than $1.6 million to settle charges that it concealed numerous problems and red flags from investors in municipal bond […]
Some of the Biggest Hedge Funds Are Bleeding Cash
(Bloomberg) Some of the biggest and best-known hedge funds can’t hang on to client capital. Richard Perry, who started his hedge fund 28 years ago, has seen assets in his Perry Capital shrink to $4 billion, from $10 billion last […]
Patriarch’s Tilton Sues SEC Again On Constitutionality of Administrative Law Cases
(Fin Alternatives) Embattled private equity maven Lynn Tilton and her firm, Patriarch Partners, have sued the U.S. Securities and Exchange Commission again to stop what she alleges are unfair and unconstitutional in-house enforcement proceedings against her and others. To read […]
Money market funds to reduce ABCP investments with new US and European regulation, says Moody’s
(Hedgeweek) The overall volumes that money market funds (MMFs) invest globally in asset-backed commercial paper (ABCP) will likely fall as the prime MMF industry shrinks, says Moody’s Investors Service.Nevertheless, ABCP will remain an important source of investment diversification for MMFs. […]
US options volume falls below 2015 as August languishes
(HedgeWeek) In July and August 2016, traders swapped 631.6 million total contracts, the lowest two-month total since August 2012.The S&P 500 Index fell 0.1 per cent in August, stalling at or around all-time highs as it closed within a 1.5 […]
Gross: Punish PIMCO For ‘Bad Faith’ Tactics
(Fin Alternatives) Famed bond investor Bill Gross said on Friday that PIMCO and its lawyers should be punished for unfairly impeding him from pursuing a $200 million lawsuit against the company, the latest salvo in a long-running saga involving the […]
Aberdeen Asset Management Appoints Two To Alternatives Team
(Fin Alternatives) Aberdeen Asset Management has strengthened its alternatives team by naming John Dickie as co-head of U.S. private equity while Whit Matthews was named a senior investment manager for the U.S. private equity team. To read this article:
Activist, Distressed Strategies Lead Returns For Second Straight Month
(Fin Alternatives)Discretionary strategies produced the best returns in the hedge fund space for the second consecutive month in August, according to eVestment’s latest Hedge Fund Performance Report. The company’s Hedge Fund Aggregate gained 0.18%, bringing overall YTD returns to +3.47%. […]
Hedge Funds Cut Bearish Pound Positions Before BOE Rate Decision
(Bloomberg) The pound held a three-day decline as hedge funds and other large speculators cut their bets that the currency will fall for a second week before the Bank of England’s latest policy decision. That’s the first back-to-back reduction in […]
Bridgewater Said to Get $22.5 Billion in New Money Since 2015
(Bloomberg) Bridgewater Associates LP, the world’s largest hedge fund manager, has attracted $22.5 billion in client money since it started a new strategy early last year, according to a person familiar with the matter. About three-quarters of the money went […]
Ex-SAC Trader Said to Shut Hedge Fund Backed by Alibaba Founders
(Bloomberg) Andrew Bazarian, a former employee at billionaire investor Steven A. Cohen’s firm, will shut his Asia-focused hedge fund whose backers include a firm that invests money for Alibaba Group Holding Ltd. executives, according to people familiar with the matter. […]
Alternative Investment Industry Growing in California
(Harvest) In response to changing investment landscape in California, Gerlach announced plans to change the name and scope of the CHFA. He said that on January 1, 2017, the CHFA will be broadening its mandate to include all alterative strategies […]