Monthly Archives: September 2018
The Ins and Outs of GIPS Compliance: What Hedge Fund Managers Need to Know About the Voluntary Standards and Pending Revisions
(Hedge Fund Law Report)Although not legally required, more than 80 percent of the top 100 asset managers claimed compliance with the Global Investment Performance Standards (GIPS) for their assets under management as of June 30, 2017, and there is a […]
Loeb Wants Breen to Lead DuPont After 3-Way Split at DowDuPont
(Bloomberg) Ed Breen, the chief executive officer of chemical giant DowDuPont Inc., is the best choice to run DuPont when it becomes an independent company next year, activist investor Dan Loeb said. “I hope Ed Breen is involved in a […]
Goldman’s Petershill Takes Minority Stake in Hedge Fund LMR
(Reuters)A private equity fund run by Goldman Sachs Asset Management (GSAM) has bought a minority stake in multi-strategy hedge fund firm LMR Partners, one source familiar with the matter said on Monday. The GSAM fund bought a stake of between […]
Hedge Fund Takes Big Stake in Wynn Resorts
(Barron’s) Melvin Capital Management has taken a 5.13% stake in Wynn Resorts (WYNN), the hedge fund disclosed in a Friday filing with the Securities and Exchange Commission. Melvin Capital, helmed by SAC Capital alum Gabriel Plotkin, now owns 1.9 million […]
Hedge Funds That Shorted Carillion Now Circle Rival Kier
(Bloomberg) Some of the same hedge funds that took aim at Carillion Plc, the U.K. construction company that collapsed earlier this year, are now targeting one of its peers. Bearish wagers against Kier Group Plc surged to a four-year high, […]
What happens after new S&P highs?
(The Technical Analyst) Investor apprehension following new stock market highs is often misguided and we should conquer our fear of heights, says Ari Wald, Technical Analyst at Oppenheimer.Looking at the S&P 500 since 1929, Wald points out that the S&P […]
Legg Mason Charged With Violating the FCPA
(HedgeCo.Net) The Securities and Exchange Commission has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. […]
Former Senior Executive At Silicon Valley Company Charged with Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged the former Chief Commercial Officer of Redwood City, Calif.-based Qualys, Inc., a cloud security and services company, with insider trading by tipping his brothers in advance of the company’s announcement of poor […]
Goldman’s Petershill takes minority stake in hedge fund LMR:
(Reuters) – A private equity fund run by Goldman Sachs Asset Management (GSAM) has bought a minority stake in multi-strategy hedge fund firm LMR Partners, one source familiar with the matter said on Monday. The GSAM fund bought a stake […]
Hedge Funds That Shorted Carillion Now Circle Rival Kier
(Bloomberg) Some of the same hedge funds that took aim at Carillion Plc, the U.K. construction company that collapsed earlier this year, are now targeting one of its peers. Bearish wagers against Kier Group Plc surged to a four-year high, […]
Turkish Central Bank Pledges Policy Action to Stem Inflation
(Bloomberg) Turkey’s central bank signaled higher interest rates are in the offing after inflation rose more than forecast in August and producer prices surged. The lira briefly erased losses after the announcement. “The monetary stance will be adjusted at the […]
3Q’18 Investment Outlook: Growth Scare Offers Opportunity
(Harvest) We started the year bullish on global growth, commodities, and emerging markets , and despite challenges in the second quarter, we maintain this view. We think events in Q2 were mainly a growth scare. Concerns about a slowdown in […]