Monthly Archives: September 2018
JPMorgan is Liquidating $1 Billion Credit Hedge Fund Led by Fahad Roumani
(Bloomberg) JPMorgan Asset Management is liquidating a $1 billion credit hedge fund led by Fahad Roumani after abandoning a plan to spin it off, according to a letter to investors seen by Bloomberg News. The Palm Lane Credit Opportunities Fund, […]
Hedge Funds’ Shift to Health Care May Be a Hedge Too Far
(Bloomberg) It’s not quite the big short, but the latest outsized bet by hedge funds suggests the highly paid managers are worried that the economy’s good health may falter soon. Hedge funds, which until recently have been overweight technology stocks, […]
BlackRock Voted to Replace Tesla’s Musk With Independent Chairman
(Reuters) BlackRock-managed funds voted for a measure requiring the chairman be an independent director, according to BlackRock’s filing with the U.S. Securities and Exchange Commission on Thursday. The proposal, which was defeated, would not have affected Musk’s standing as Tesla’s […]
California Wants to Mandate a Woman On Every Company Board
(CNN) California just took a crucial step toward increasing the number of women on corporate boards. State legislators passed a bill Wednesday that would require publicly-traded companies headquartered in California to place at least one woman on their board by […]
U.S. Hedge Fund King Street Seeks Board Shake-Up at Toshiba
(Reuters) U.S. hedge fund King Street Capital Management LP has proposed new independent directors at Japan’s Toshiba Corp (6502.T), the Wall Street Journal reported on Friday, citing people familiar with the matter. To read this article:
Why there’s Trillions in Hedge Funds with Stocks at All Time Highs
(Harvest) Looks like CNBC wants you to know the S&P 500 just hit a new all time high. Time to break out the Dow 30,000 hats and pics of Leo playing the Wolf of Wall Street. But why is this […]
CFTC orders Morgan Stanley & Co to pay $500,000 for supervision failures
(Hedgeweek) Morgan Stanley & Co (MSCO) is to pay USD500,000 to settle CFTC charges over failing to diligently supervise the reconciliation of exchange and clearing fees with the amounts it ultimately charged customers for certain transactions on the CME Group, […]
SEC Detects Brokers Defrauding Customers
(HedgeCo.Net) Three New York-based brokers have been charged with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. Brokers […]
New Mountain Capital Raises $6.15B For Oversubscribed Fifth PE Fund
(FINalternatives) New York-based alternative investment firm New Mountain Capital has raised $6.15 billion in capital commitments for its fifth buyout fund, easily surpassing the initial target of $5 billion. To read this article:
Hedge Fund Marathon Eyes Bad Loans in Britain on Brexit Slowdown
(Reuters) U.S. credit hedge fund Marathon Asset Management sees buying opportunities in British non-performing loans as Britain’s economy slows down following its vote to leave the European Union, the fund’s chief executive said on Thursday. “We think the UK will […]
Whitney Tilson is Shutting Down His Hedge Fund
(CNBC) Noted hedge fund manager Whitney Tilson said he is shutting down his fund at a time when industry assets are growing but returns continue to lag. Tilson notified clients on Sunday that his Kase Capital Management was shuttering the […]
White House Urged SEC Chairman to Pause Chicago Stock Exchange Sale to China-Led Group, Sources Say
(CNBC) The White House urged the chairman of the Securities and Exchange Commission to put on hold the sale of the Chicago Stock Exchange to a Chinese-led group, the Wall Street Journal reported on Thursday, citing people familiar with the […]