Monthly Archives: September 2019
Mexico moves to launch world’s largest oil hedge program
(Reuters) – Mexico has made the first moves to launch its annual $1 billion oil hedging program by asking banks for quotes, sources familiar with the deal said, while buying in financial oil options contracts for 2020 has risen in […]
Commvault to Buy Hedvig for $225 Million to Jumpstart Growth
(Bloomberg) Commvault Systems Inc. plans to buy startup Hedvig Inc. in a bid to bolster the software maker’s capabilities in the competitive data-storage market. Commvault Chief Executive Officer Sanjay Mirchandani told Bloomberg in an interview that his company will buy […]
SEC and CFTC Charge Options Clearing Corp. With Failing to Establish and Maintain Adequate Risk Management Policies
(HedgeCo.Net) The Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to implement policies to […]
ASEAN: Private equity interest is rising, venture capital is booming
(Opalesque) The outlook for the private equity and venture capital industry in Southeast Asian Nations (ASEAN) is promising, said Preqin. Fundraising has hit new highs in recent years – a record 17 ASEAN-focused venture capital funds raised $0.9bn in 2018, […]
VanEck, SolidX offer ETF-like Bitcoin instrument to institutional buyers
(Opalesque) Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in a limited version of a Bitcoin exchange-traded fund (ETF), using a rule that exempts the shares from securities registration, under which shares can be sold […]
Hedge Fund Scopia Promotes Cherney to IR Head after Fionda Leaves
(Reuters) Scopia Capital last week promoted Joshua Cherney to head the hedge fund’s business development and investor relations group after Quinn Fionda, who had been with the firm for nearly 11 years, left, a source familiar with the moves said […]
Investment Adviser Charged With Defrauding Its Advisory Clients
(HedgeCo.Net) The Securities and Exchange Commission today charged Cetera Advisors, LLC, a registered investment adviser and broker-dealer based in Denver, Colorado, with breaching its fiduciary duty and defrauding its retail advisory clients by, among other things, failing to disclose conflicts […]
Lacklustre reviews leave fund managers in the dark over broker performance
(Hedgeweek) Fund managers may be unaware as to exactly where and how much money is being spent with brokers due to a failure to fully review all their relationships qualitatively and quantitatively. To read this article:
Natural resources asset class performance disappoints
(Opalesque) Many investors are dissatisfied with the performance of the natural resources asset class in recent months and, for the second consecutive year, the proportion looking to invest more capital in the asset class over the next 12 months has […]
Merger Arbitrage strategy looks attractive, given strong diversification patterns
(Opalesque) M&A patterns are showing healthy dynamics and a healthy number of hostile deals (usually riskier but more profitable) tend to concentrate on smaller targets, said Lyxor in its weekly brief. Jumbo deals are increasingly funded by stock and cash […]
Hedge fund Scopia promotes Cherney to IR head after Fionda leaves
(Reuters) – Scopia Capital last week promoted Joshua Cherney to head the hedge fund’s business development and investor relations group after Quinn Fionda, who had been with the firm for nearly 11 years, left, a source familiar with the moves […]
Hedge funds cautious on oil, wait for economy
(Reuters) – Hedge funds are becoming slightly more pessimistic about the outlook for oil and the economy, though position changes remain small owing to the holiday season in North America and Europe. Hedge funds and other money managers were small […]