Monthly Archives: September 2019
Hedge Fund Investors in China Revolt Over Performance Fees
(Bloomberg) Criticism from an investor in a Chinese hedge fund has sparked controversy over a key source of income for the 2.3 trillion yuan ($322 billion) industry. An open letter by Michelle Wang to news portal Sina.com in July outlined […]
Activist Jana to Push Again for Changes at Outback Owner Bloomin’ Brands
(Reuters) Activist hedge fund Jana Partners on Friday disclosed a large new stake in Outback Steakhouse owner Bloomin’ Brands Inc , returning for the second time in nearly two years to push for fresh changes after reaching a settlement in […]
The SEC just yanked Elon Musk’s Twitter privilege
(New York Post) What’s worse than paying millions in fines to the feds? For Elon Musk, it may be the fact that he’s lost his Twitter privileges. To read this article:
Elon Musk & Tesla Agree To $40 Million In Penalties that Requires Tesla Chairman to Step Down
(HedgeCo.Net) The Securities and Exchange Commission has announced that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged […]
Harbinger Hedge Fund Manager to Pay $30 Million in New York Tax Accord
(Reuters) An offshore hedge fund firm whose investing was led by money manager Philip Falcone will pay $30 million to resolve claims it knowingly evaded hundreds of millions of dollars of New York state and New York City taxes, officials […]
Hedge Fund Performance Remains Muted as Emerging Market Mandate Languishes Under Trade Concerns
(Hedgeweek) The asset-weighted Mizuho-Eurekahedge Index – USD was down 0.41 per cent in August, underperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.05 per cent throughout the month. Nearly half of the fund managers overseeing assets in excess of […]
Trader Who Ripped Off His Mom, Friends Gets 8 Years
(Bloomberg) A former Morgan Stanley trader who ran a phony hedge fund from his rented home in the wealthy New York suburb of Pound Ridge, ripping off friends and even his mother, was sentenced to eight years in prison for […]
Litt Says Mack-Cali May Have Turned Away Unidentified Suitor
(Bloomberg)Activist investor Jonathan Litt says his hedge fund learned that a potential buyer was interested in making a fully financed bid for Mack-Cali Realty Corp. In a letter to the real estate investment trust’s board, Litt, the founder of Land […]
Goldman, Banks Accused of Stock Lending Antitrust Plot Must Face Suit
(Bloomberg) Major banks including Goldman Sachs Group Inc., Bank of America Corp., Credit Suisse Group AG and JPMorgan Chase & Co. must face allegations that they conspired to prevent the “antiquated” stock loan market from evolving into a transparent electronic […]
Fed Raises Rates in Highly Anticipated Move
(Capital Trading Group) Considering the FED’s efforts are essentially being offset by continued negative global interest rates, and continued asset purchases via the PBOC, BOJ and ECB, we wonder just exactly what the ultimate outcome will eventually be. Another and […]
In Q2, Hedge Fund See First Quartlerly Outflows Since 2016
(Valuewalk) In Q2 2018, hedge funds recorded their first quarterly outflows since Q4 2016. Despite investors withdrawing $1.2bn in capital in Q2 2018, performance has driven hedge fund industry AUM to a record high of $3.61tn as at June 2018 […]
Elon Musk Charged with Securities Fraud for Misleading Tweets
(HedgeCo.Net) The Securities and Exchange Commission has charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, […]