Monthly Archives: September 2019
Volcker the Man Blasts Volcker the Rule in Letter to Fed Chair
(Bloomberg) The recent revision of Volcker Rule limits on banks’ ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker. The former Federal Reserve chairman, who championed the restrictions while serving as an adviser to […]
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 […]
Elliott Management calls for AT&T shake-up as Trump piles on
(Reuters) – Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc (T.N) and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business. To read […]
Hedge funds sell oil as global economy deteriorates
(Reuters) – Hedge funds are becoming more pessimistic about the outlook for oil prices as trade tensions between the United States and China remain unresolved and global economic growth grinds to a halt. To read this article:
AT&T Shares Rally after Activist Elliott Management Takes $3.2 Billion Stake, Sees Stock Worth $60
(CNBC) AT&T rallied Monday after Paul Singer’s Elliott Management announced it owns $3.2 billion in the underperforming telecom giant’s stock and said in a letter that it hopes to help the company trim unneeded assets. The hedge fund said it […]
L Brands’ Ties to Jeffrey Epstein Aren’t its Only Troubles as Stock Loses a Third of its Value
(CNBC) It’s been quite the year for L Brands. Sales continued to decline at its prized Victoria’s Secret stores. It faced an activist campaign that led to a board shakeup. Then came unwanted attention for its ties to accused child […]
One of the Oldest Quants Is Going All-In With Robots
(Bloomberg) A $7.5 billion money manager with roots almost as old as quant-investing itself is going all-in with machine learning. Millburn Ridgefield Corporation placed robots at the very heart of its open systematic strategies after a six-year experiment. Now, the […]
CFTC Charges Unregistered Forex Trading Firm and Its Principal with Fraud and Misappropriation
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the Southern District of New York against defendants Dominick Vincent Carducci and his company VOS Capital Management, LLC (VOS Capital), both of South Carolina. The defendants […]
Hedge Funds Getting Burned as Growth Stocks Trounced by Value
(Bloomberg) A hedge-fund favorite is rapidly losing ground in the stock market just as one of the industry’s least-loved sectors picks up. Growth stocks, generally companies that are seeing rapid profit increases, have dropped in seven of the past eight […]
Trump Says ‘Great News’ That Singer Hedge Fund Has Taken AT&T Stake
(Bloomberg) President Donald Trump said it’s “great news” that a hedge fund run by billionaire Paul Singer had taken a new position in AT&T Inc., saying he hoped the investment by Elliott Management Corp. would “put a stop to all […]
Fannie, Freddie Soar as Hedge Funds Score Wins on Two Fronts
(Bloomberg) Fannie Mae and Freddie Mac soared the most in almost three years Monday as hedge funds that have long hoped to make a windfall on their investments in the mortgage giants got a double-dose of good news. To read […]
London VC 4Bio Capital raises the first tranche of $150m ‘advanced therapies’ fund
(Opalesque) London-based biotech venture capital firm 4Bio Capital has raised the first $50m for a new $150m fund to invest in “advanced therapies” such as gene and cell therapy. Dmitry Kuzmin, the managing partner, said its 4Bio Ventures II fund […]