Monthly Archives: September 2019
Final Judgment Entered Against Investment Adviser in Cherry-Picking Scheme
(HedgeCo.Net) U.S. District Judge Mark L. Wolf entered a final judgment against Massachusetts investment adviser Michael J. Breton in an SEC case that charged Breton with defrauding clients out of more than $1.3 million. The SEC charged Breton and his […]
HKEX makes offer to acquire London Stock Exchange Group
(Hedgeweek) Hong Kong Exchanges and Clearing (HKEX) today announces that it has made a proposal to the Board of London Stock Exchange Group (LSEG) to combine the two companies. To read this article:
Wilshire Liquid Alternative Index down 0.27 per cent in August
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.27 per cent in August, underperforming the 0.38 per cent monthly return of the HFRX Global Hedge Fund Index. […]
Hedge funds up 0.31% amid fierce trade tensions
(Opalesque) Hedge funds have outperformed the equity markets in August amid tariff threats between China and the United States and slowing global growth. The Eurekahedge Hedge Fund Index was up 0.31% during the month compared to the MSCI ACWI stock […]
Lovell Minnick hits $1.28bn hard cap for fifth middle market fund close
(Opalesque) Financial services-focused private equity firm Lovell Minnick Partners has hit a $1.28bn hard cap for the final close of its latest flagship fund. As private equity firms continue benefit from strong demand for alternative investments, Lovell Minnick Equity Partners […]
82% of surveyed hedge funds use alternative data, but not without concerns
(Opalesque) Over 80% of surveyed hedge funds are using alternative data for detailed industry analyses, though data cost and quality issues remain, said a study. According to Lowenstein Sandler’s hedge fund industry survey, 82% of hedge funds are already using […]
Merrill Lynch Ordered to Pay $300,000 Penalty for Failing to Promptly Produce Audit Trail Data
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued an order filing and settling charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered futures commission merchant, for failing to promptly produce to the CFTC certain required […]
Macro hedge funds surge in August as global equities decline
(Opalesque) Macro hedge funds surged in August while the broader industry posted mixed performance as equity markets declined while the global supply of negative-yielding bonds swelled to over $16 trillion, with gains led by both fundamental and quantitative Macro strategies. […]
Hedge Fund Man Group president Jonathan Sorrell steps down
(Reuters) – British hedge fund manager Man Group’s (EMG.L) president Jonathan Sorrell will stand down with immediate effect, the company said on Wednesday. Sorrell is taking on a new role outside the firm, the world’s largest listed hedge fund said […]
Blackstone promotes private equity COO Vik Sawhney to new global IR role
(Opalesque) Private equity giant Blackstone has promoted Vik Sawhney, the chief operating officer of its PE business, as its first chief administrative officer (CAO), and the global head of its investor relations and business development arm, a newly created role. […]
Paulson’s hedge fund calls on Callon to drop merger, sell itself
(Reuters) – Billionaire investor John Paulson’s hedge fund on Monday urged Callon Petroleum Co (CPE.N) to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc (CRZO.O), and instead consider selling itself. Paulson & Co funds, which hold […]
Emerging market debt specialist Philip Meier joins Gramercy
(Opalesque) Philip Meier has joined Gramercy Funds Management’s London office as managing director and emerging markets debt portfolio manager. Gramercy, founded in 1998, is an emerging markets investment manager based in Greenwich, CT with offices in London and Buenos Aires. […]