Monthly Archives: September 2018
Fallen Absolute Return Star Defiant as Losses Mount
(Citywire) Former star absolute return fund manager David Crawford is refusing to be swayed by a punishing six months for his City Financial Absolute Equity fund that has seen the fund slump 30%. To read this article:
SG Americas Securities Charged for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission today announced that SG Americas Securities LLC will pay more than $800,000 to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs), predominantly by its predecessor entity. In its order against SG […]
SS&C GlobeOp Forward Redemption Indicator at 3.35 per cent for September
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for September 2018 measured 3.35 per cent, up from 2.73 per cent in August. To read this article:
Victory Capital to acquire Harvest Volatility Management
(Hedgeweek) Victory Capital is to acquire Harvest Volatility Management (Harvest), a specialist in derivative asset management with approximately USD12 billion in assets under management (AUM) as of 31 July 2018. To read this article:
Activist Hedge Fund TCI Cuts Stake in London Stock Exchange
(Reuters) Activist hedge fund TCI has cut its stake in London Stock Exchange Group Plc, less than a year after its push to oust the stock exchange’s chairman failed. TCI, founded by Chris Hohn and the third largest shareholder in […]
Sky and Randgold Give Two More Wins to Odey’s Hedge Fund That’s up 29%
(Bloomberg) Bearish hedge fund manager Crispin Odey is making money on his long bets. The London-based money manager, who has for years predicted a market crash and lost money betting on it, is one of the largest shareholders of Sky […]
Hedge Funds Hit the Sky Jackpot as Comcast Lands Knockout Bid
(Bloomberg) Comcast Corp.’s knockout bid for British pay-TV company Sky Plc delivered a jackpot to hedge funds including Baupost Group, Elliott Capital Advisors LP and D. E. Shaw & Co. that had placed big bets on the broadcaster. The offer […]
Hedge Fund EJF Raising $500 Million for Tax-Advantaged ‘Opportunity Zones’
(Bloomberg) Manny Friedman’s $6.9 billion hedge fund firm, EJF Capital, is raising money for real estate projects in low-income neighborhoods, seeking to take advantage of incentives created by last year’s U.S. tax overhaul. The so-called opportunity fund will start by […]
Secular Outlook for Global Growth: The Next 20 Years
(Harvest) The 2018 edition of Fidelity’s Secular Outlook for Global Growth offers insight into the Asset Allocation Research Team’s growth forecast for the global economy and provides a foundation for its 20-year capital market assumptions. To read this article:
Liquid Alternatives: Alternative Enough?
(Harvest) Liquid alternatives offer hedge fund strategies in mutual fund format The correlations to the S&P 500 have been high, even of market neutral funds. Diversification benefits have therefore been limited. Liquid alternatives have been heralded as hedge funds for […]
Meson Capital Q2 letter
(Harvest) On the capital allocation side, our efforts have been around our concentrated long positions where we had a great quarter. We achieved liquidity on our InfuSystem position just following the end of the quarter at an attractive price. Our […]
Halcyon Capital Management brings on Philip Raciti as head of U.S. performing credit
(Opalesque) Halcyon Capital Management LP today announced the appointment of Philip Raciti as Head of U.S. Performing Credit and Portfolio Manager. Mr. Raciti will be based in New York and will report to Jason Dillow, Halcyon’s Chief Investment Officer and […]