Monthly Archives: September 2018
SEC Charges Investment Advisers With Defrauding Retail Advisory Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged an Indianapolis-based investment advisory firm and its sole owner with selling approximately $13 million of high-risk securities to more than 120 advisory clients – many of whom are current or former teachers […]
‘King of Political Intelligence’ Sentenced to Prison for Insider Trading
(Bloomberg) A one-time “King of Political Intelligence” got a year in prison for insider trading — a sentence that sends a warning to Washington consultants that profiting from government secrets can be as risky as trading on confidential company information. […]
CTAs make the most of a volatile August
(Hedgeweek) In the hedge fund space in August, CTAs outperformed and delivered positive returns in the range of 2-3 per cent depending on the benchmark, according to Lyxor’s latest Hedge Fund Brief. To read this article:
Cash is King as Hedge Fund Trilogy Erects Trade-War Barricades
(Bloomberg) Trilogy Capital Management LLC is increasing cash levels at its credit hedge fund in a defensive move to protect returns, saying a trade war between the U.S. and China will impact all markets and cause unpredictable ramifications. The New […]
Hedge Fund Diamondback Founders Schimel and Sapanski Plan New Fund
(Reuters) The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar with the matter said.Richard Schimel and Larry […]
Hedge Funds Up 0.04 Per Cent In August, Says eVestment
(Hedgeweek) Overall industry hedge fund performance came in at +0.04 per cent in August, bringing year to date (YTD) 2018 industry performance to +1.10 per cent, according to data released by eVestment. Among primary strategies, event driven-activist funds were among […]
Quant Strategy in Emerging-Market FX Posts Best Run in Six Years
(Bloomberg) A quantitative-investing strategy is ringing up heroic returns picking the wreckage in emerging-market assets. A Nomura index that mimics a trend-following strategy by chasing momentum in 10 EM currencies against the dollar has outperformed the JPMorgan Emerging Market Index […]
Eton Park’s Europe Credit Team Starts Event Hedge Fund
(Bloomberg) Hedge fund seeder Stable Asset Management is backing a team of credit traders from Eric Mindich’s now-defunct Eton Park Capital Management. The London-based group, led by Anirudh Singh, began trading at Aptior Capital at the beginning of September with […]
Hedge Fund Priest Sued by SEC for Alleged Stock Manipulation
(Bloomberg) A Massachusetts priest who moonlights as a hedge fund manager was sued by federal regulators for allegedly making false statements about a biotech company to try to drive down its share price. In an attempt to profit from his […]
Broker-Dealer to Pay $2.75 Million Penalty for Providing Deficient Blue Sheet Data
(HedgeCo.Net) The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading […]
Emerging Markets Meet Tighter Money
(Bloomberg) Emerging markets are suffering their worst slump since 2015. The MSCI Emerging Markets Index entered a bear market in early September after dropping 20 percent from its early 2018 peak. A benchmark index of emerging currencies has dropped more […]
Hedge Fund Priest Sued by SEC for Alleged Stock Manipulation
(Bloomberg) A Massachusetts priest who moonlights as a hedge fund manager was sued by federal regulators for allegedly making false statements about a biotech company to try to drive down its share price. In an attempt to profit from his […]