Monthly Archives: September 2018
Dell Revisits IPO Option Amid Tracking Stock Deal Pushback
(Reuters) – Dell Technologies Inc (DVMT.N) is exploring an initial public offering (IPO) after shelving this option earlier this year in favor of going public by buying back a special type of stock from investors, people familiar with the matter […]
Putnam stares down hedge funds on big shopping mall bet
(Reuters) – Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy. So far, it is winning – to the chagrin of hedge funds […]
Hedge Fund Launches Outpace Liquidations for Fourth Straight Quarter
(Pension & Investments) Hedge fund launches exceeded hedge fund liquidations for the fourth quarter in a row, but the total number of launches was the lowest since the fourth quarter of 2008 during the global financial crisis, according to data […]
New York Hedge Fund Needs the Long Game in Italy
(Bloomberg) Telecom Italia SpA had problems when it was being dominated by its biggest investor, Vincent Bollore’s Vivendi SA. But the arrival on the shareholder register of activist fund Elliott Management Corp., and its wresting of boardroom control from the […]
Fed Likely to Push Aside Recession Worry in Unveiling 2021 View
(Bloomberg) While investors have been increasingly worried about the potential for a U.S. recession by 2020, central bankers next week are likely to project the nine-year-old expansion lasting a few more years. Federal Open Market Committee participants at the close […]
Hedge Funds Watch Sky Auction as Bidding War Draws to an End
(Institutional Investor) Comcast and Fox are poised to make bids for Sky under a mandate by Britain’s Takeover Panel. To read this article:
Hedge Fund Closures Plummet to Pre-Crisis Level
(Interactive Investor) Hedge fund closures have dropped to a level not seen since before the 2008 financial crisis. A total 125 funds liquidated during the three months through June, down 44 percent from the same period last year… To read […]
Quality as a Hedge Against Rising Volatility
(Harvest) Growth stocks’ extended dominance over value has captured the headlines of late. That said, since the end of 2016 it has really been about momentum. While investors have focused on earnings growth, an even better approach would have been […]
Hedge Fund Assets Up in August
(Alpha-Week) Data shop eVestment published its hedge fund asset flows report today, seeing global hedge fund asset flows coming in slightly positive in August, with $4.74 billion added to the $3.3 trillion-plus industry. Year to date net flows to the […]
Business Services Company and Former CFO Charged With Accounting Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged the former chief financial officer of Barrett Business Services Inc. for his role in an accounting fraud involving BBSI’s workers’ compensation expenses. The SEC also charged BBSI in the accounting fraud and […]
Hedge fund assets up slightly in August
(Hedgeweek) Global hedge fund asset flows were just slightly positive in August 2018, with USD4.74 billion added to the USD3.3 trillion-plus industry, according to eVestment’s latest Hedge Fund Industry’s Asset Flows Report. To read this article:
Victory Asset and Michael D Franko to pay $2.3m CFTC penalty over spoofing scheme
(Hedgeweek) The Commodity Futures Trading Commission (CFTC) has issued two orders filing and settling charges against Victory Asset (Victory) and Michael D Franko for spoofing – bidding or offering with the intent to cancel the bid or offer before execution […]