Monthly Archives: September 2018
Hedge-Fund Veteran Shuns Volatility Wagers This Time Round
(Bloomberg) Stephen Diggle, who co-founded a hedge fund that made $2.7 billion on volatility wagers during the global financial crisis, isn’t betting on similar fluctuations now even as central banks begin to roll back years of extraordinary stimulus. Governments and […]
MGM Could Be Forced To Exit Huge Market As Hedge Fund Places $500 Million Bet
(Investors.com) MGM Resorts International (MGM) stock rose on news that Starboard Value has built a $500 million position, which the activist investor could use to force the sale of the casino giant’s properties in Macau. Starboard is said to be […]
SEC Shuts Down $345 Million Fraud and Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission has announced it has obtained a court order halting an ongoing Ponzi-like scheme that raised more than $345 million from over 230 investors across the U.S. The SEC also obtained an emergency asset freeze […]
Hedge funds outflows slow substantially in July as investors redeem $1.0bn
(Hedgeweek) Outflows from the hedge fund industry slowed substantially in July amid mixed signals on trade and the global economy, according to the Barclay Fund Flow Indicator. Hedge fund industry assets rose to an all-time high of USD3.1 trillion in […]
Hedge Fund Shorts on Danske Bank Hit 11-Month High before Money Laundering Report
(Reuters) Short positions on Danske Bank shares hit an 11-month high on Monday, rising 46 percent from Friday, data from industry tracker FIS’ Astec Analytics showed. The rise to 1.9 million shares out on loan, from 1.3 million on Friday, […]
How Emerging Market Turmoil Is Affecting Central Banks in Africa
(Bloomberg) Central banks around Africa — poised to reveal their first response to the emerging-market turmoil of the past month — are likely to usher in an end to the continent’s easing cycle. There’s a week to go before the […]
Hedge Funds Call Time on Investors’ Persistent Fee Squeeze
(Bloomberg) The fees that hedge funds charge are unlikely to get any cheaper as portfolio running costs rise, according to a PwC and Alternative Investment Management Association study. More than three-quarters of respondents in the survey of 140 asset managers […]
Traders Are Too Smart to Call This a Trade War
(Bloomberg) Stock traders responded to the latest round of tariffs imposed on China by the Trump administration and China’s swift retaliation by pushing up the MSCI All-Country World Index of equities for the sixth time in seven days. Complacency? More […]
NFA bars John Marc Schwaebe, orders Glenn Swanson to pay fine
(Opalesque) In two separate developments, the National Futures Association (NFA) barred John Marc Schwaebe, a former associated person, from membership for seven years and ordered Chicago, Ill. introducing broker Global Asset Advisors LLC and its principal Glenn Swanson to jointly […]
Michigan Registered Representative Charged with Misappropriating Brokerage Customer Funds
(HedgeCo.Net) The Securities and Exchange Commission charged a former registered representative with defrauding his brokerage customers – including many elderly retirees and unsophisticated investors – out of more than $2.7 million in a multi-year investment scam. According to the SEC’s […]
SeaWorld and Former CEO to Pay More Than $5 Million to Settle Fraud Charges Company, Two Former Executives Charged With Misleading Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on […]
Hedge fund returns YTD are weakest since 2011
(Hedgeweek) Hedge funds are up 0.45 per cent for the year, their weakest performance on record since 2011 when they declined 0.40 per cent in the eight months through to August, according to the September 2018 Eurekahedge Report. To read […]