Monthly Archives: September 2019
SS&C GlobeOp Forward Redemption Indicator for September 2019 up 3.67%
(Opalesque) “SS&C GlobeOp’s Forward Redemption Indicator for September 2019 was 3.67%, in line with historical averages. Though up slightly from the 3.35% reported a year ago, these results continue a stable trend-line for hedge fund asset retention,” said Bill Stone, […]
Cluster of hedge funds set to profit from Thomas Cook failure
(Reuters) – The collapse of travel operator Thomas Cook TCG.L is set to result in a bumper pay day for a clutch of hedge funds who bet the company’s share price would fall. To read this article:
CFTC Charges Former Head of International Binary Options Scheme with $10 Million Fraud
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Northern District of Ohio, charging Jared J. Davis of Ohio with fraud relating to a global binary options business he […]
TMC Bonds Charged With Failing to Protect Confidential Subscriber Information
(HedgeCo.Net) The Securities and Exchange Commission today announced that TMC Bonds LLC, operator of an alternative trading system (ATS) for fixed income securities, has agreed to pay $2.1 million to settle charges arising from TMC Bonds’ failure to protect confidential […]
Redemptions from hedge funds continue in August, but less widespread
(Opalesque) Investors redeemed an estimated $6.51 billion from the global hedge funds business in August 2019, bringing year-to-date (YTD) flows to a negative $63.61 billion, according to the August 2019 eVestment Hedge Fund Asset Flows Report. Performance also reduced assets […]
Strong performance and technological insight attract venture capital investors
(Opalesque) Many venture capital investors seek access to the frontline of technological innovation, which allows for a deeper understanding of the future implications for relevant industries – fintech, for example. Following years of strong returns and high-profile success stories, the […]
PJT Partners, Nasdaq join forces to strengthen secondary investment advisory services for alternative asset managers
(Opalesque) The global advisory-focused investment bank PJT Partners and stock exchange operator Nasdaq Inc said they had agreed on a partnership to provide data and technology to strengthen its secondary investment advisory services for alternative asset managers. To read this […]
EBay CEO steps down, cites differences with board
(Reuters) – EBay Inc (EBAY.O) Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company’s recently revamped board, which is looking to sell some of its businesses amid pressure from activist investors. To read this article:
SEC Charges Nissan, Former CEO, and Former Director with Fraudulently Concealing from Investors More than $140 Million
(HedgeCo.Net) The Securities and Exchange Commission today filed settled fraud charges against Nissan, its former CEO Carlos Ghosn, and its former director Greg Kelly related to false financial disclosures that omitted more than $140 million to be paid to Ghosn […]
Deutsche Bank, BNP reach transition agreement for global prime finance platform
(CNBC) Deutsche Bank and BNP Paribas reached a master transaction agreement to assure service continuity to Deutsche’s global prime finance and electronic equities clients, the banks said on Monday. To read this article:
SS&C GlobeOp Forward Redemption Indicator at 3.67 per cent for September
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for September 2019 measured 3.67 per cent, up from 3.41 per cent in August. To read this article:
Here’s how much financial advisors should invest in alternatives to make a difference
(CNBC) You don’t have to be a hedge fund guru to discuss alternative investments with your clients, yet it doesn’t hurt to get educated. It’s no secret that portfolio diversification protects investors from the whims of the stock market, blunting […]