Monthly Archives: September 2016
Ex-Cargill Investors Prep $100 Million Commods Hedge Fund
(Reuters) Mark Schulze and Jason Vogt, veterans of Cargill and its Black River Asset Management unit, are preparing to launch their own commodity-focused hedge fund, according to a person familiar with the situation. The two men set up Minneapolis-based Twin […]
Carney Warns Investors They May Undervalue `Huge’ Climate Risks
(Bloomberg) Bank of England Governor Mark Carney said investors need to wake up to the potential for huge losses from a sudden shift in regulations designed to curb global warming and the use of fossil fuels.“The challenges currently posed by […]
Starboard Discloses Stake in Media General and Backs NexStar deal
(Reuters) Activist investor Starboard Value LP disclosed 4.5 percent stake in regional TV broadcaster Media General Inc (MEG.N) and urged the company to sell itself to Nexstar Broadcasting Group Inc (NXST.O) and scrap its plan to buy Meredith Corp (MDP.N).Starboard […]
In the hedge fund world, bigger is still better
(CNBC) Stock market tumult has delivered a stinging hit to a number of areas, notable among them the hedge fund industry, which has seen a promising year turn south in a hurry. Total hedge assets are back lingering near the […]
Genstar Capital and Aquiline Capital Acquire Ascensus
New York (HedgeCo.net) Genstar Capital, a San Francisco-based middle-market private equity firm, and Aquiline Capital Partners, a New York-based private equity firm investing in financial services, announced today that they have entered into a definitive agreement to acquire Ascensus, Inc. […]
Hedge Fund Manager Again Targets Biogen’s MS Drug Patent
(Law360.com) An organization with close ties to hedge fund manager Kyle Bass filed a petition with the Patent Trial and Appeal Board on Monday seeking an inter partes review of Biogen MA Inc.’s patent covering the multiple sclerosis drug Tecfidera, […]
J.P. Morgan Prime Brokerage Predicts Major Shift in Hedge Fund Allocations
New York (HedgeCo.net) – With the possibility of rising interest rates domestically, interest rate volatility globally and greater volatility in the global equity markets, J.P. Morgan’s prime brokerage division is predicting there will be significant allocation changes in hedge fund […]
One of Canada’s largest pension boards is suing Saba Capital
(Business Insider) In a complaint filed Friday, one of Canada’s largest pension boards is accused Saba Capital of allegedly “Manipulating the value” of their investments in a fund.The Public Sector Pension Investment Board had $500 million in the Saba Offshore […]
Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets
(Bloomberg) The momentum behind wagers on rising oil prices picked up steam as U.S. drilling slows and producers face potential credit line cuts.Money managers’ long position in West Texas Intermediate crude climbed by 6.1 percent in the week ended Sept. […]
China Debt Surge Echoes Japan Slowdown Pattern
(Bloomberg) China is on a path similar to the one that preceded Japan’s lost decade in the 1990s as the country’s debt level grows twice as fast as its economy, according to Jim Chanos, the hedge fund manager who predicted […]
Icahn to Yahoo Finance: It’s going to be a real ‘bloodbath’
(Yahoo Finance) Yahoo Finance has obtained a policy paper written by Carl Icahn on income inequality that the billionaire financier recently sent to Donald Trump and others on Wall Street and in Washington. In the paper, Icahn warns of “dangerous […]
Keep Your Eye on the Goal and Ignore the Media and Politicians
New York (HedgeCo.net) Over the course of the last nine months, the media and many politicians have been bashing hedge funds for one thing or another. Back in the first quarter there were a number of articles that bashed the […]