Monthly Archives: September 2019
Hedge Fund’s Red Hot Vaping Bet Runs Into Trump’s Surprise Ban
(Bloomberg) Jason Mudrick has been enjoying a run this year that most other hedge fund managers only dream of. His flagship fund at Mudrick Capital Management is up 32% on soaring valuations for one of the largest players in the […]
More Hedge Funds Damaged by Momentum Reversal
(Bloomberg) Early September saw a massive shift from long-favored momentum stocks to value equities. Bloomberg’s Sonali Basak takes a look at how this momentum reversal impacted hedge funds. To read this article:
SEC Charges Three Individuals with Deceiving Main Street Investors Through the Sale of Binary Options
(HedgeCo.Net) The Securities and Exchange Commission has charged three foreign individuals, Gil Beserglik, Raz Beserglik and Kai Christian Petersen, with deceiving U.S. investors, including vulnerable retirees, and causing them to lose tens of millions of dollars through fraudulent, online sales […]
LoCorr Funds acquires Steben & Company
(Hedgeweek) LoCorr Funds is to acquire Steben & Company, an alternative asset manager that specialises in multi-manager alternative investment products. To read this article:
Majority of American consumers are ready to use blockchain tokens, says KPMG
(Opalesque) Big four accounting firm KPMG has released a report revealing that the majority of Americans it surveyed were interested in the future of blockchain tokens – despite sickeningly poor market performance over the past two years. To read this […]
With 5% average growth, Australian ICT attracts private equity and venture capital investments
(Opalesque) Information and communications technology (ICT) is an increasingly vital engine of the Australian private equity & venture capital industry. To compete more effectively on the global stage, Australian businesses are looking to spend more than AUD 65bn on technology […]
Hedge Fund Association submits comment letter to SEC, advocating expanded accredited investor qualifications and broader advertising
(Opalesque) The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organization, is proud to advocate for expanded accredited investor qualifications and broader advertising, via submission of Comment Letter to SEC regarding harmonization of securities offering exemptions including […]
Hedge fund redemptions continue in August – eVestment
(Opalesque) Investors redeemed an estimated $6.51 billion from the global hedge funds business in August 2019, according to the latest eVestment asset flows report. Overall year to date flows are negative at ($63.61) billion. Performance also reduced assets as total […]
Hedge fund Elliott pushes Mobile Mini to combine with WillScot
(Reuters) – Hedge fund Elliott Management Corp has amassed a stake in Mobile Mini Inc (MINI.O), the biggest U.S. provider of portable storage containers for businesses, and is pushing it to merge with WillScot Corp (WSC.O), the largest U.S. vendor […]
Comscore Inc. and Former CEO Charged with Accounting and Disclosure Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged global information and media analytics firm, Comscore, Inc., and its former CEO with engaging in a fraudulent scheme to overstate revenue by approximately $50 million and making false and misleading statements about […]
CTA/managed futures hedge funds rebound in August with strong performance driven gains
(Hedgeweek) Hedge fund managers ended August 2019 down 0.35 per cent on an equal-weighted basis, and 0.54 per cent on an asset-weighted basis, according to data released by Eurekhedge. To read this article:
Robeco launches sustainable enhanced index fund
(Hedgeweek) Robeco has launched the Robeco QI Emerging Markets Sustainable Enhanced Index Equities with a strategy that aims for a 20 per cent higher score on Environmental, Social and Governance (ESG) criteria than the benchmark (MSCI Emerging Markets Index). To […]