Monthly Archives: September 2017
China’s Slice of This $48bn Fund Keeps Getting Bigger
(Bloomberg) John Pearce has returned to Sydney from a week in Hong Kong beaming, with one clear message of where to invest his next dollar: China. The chief investment officer who’s in charge of A$60 billion ($48 billion) at Australian […]
Nestle Chief’s Strategic Vision Shrouded by Death at L’Oreal
(Bloomberg) As new Nestle SA Chief Executive Officer Mark Schneider prepares to lay out his strategic vision for the Swiss food giant, his plans will be overshadowed by a changing of the guard at another European consumer-goods giant — L’Oreal […]
Hedge Fund Activism: the Facts Don’t Bear Out the Dire Warnings
(All About Alpha) Lucian Bebchuk, a professor at Harvard Law, has been at the heart of scholarly arguments over corporate governance for a long time, perhaps since 1990, the year he edited a textbook on Corporate Law and Economic Analysis. […]
Steve Cohen Just Took a Big Step Forward in His Comeback With a Massive New Hedge Fund
(The Business Insider) Steve Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund, Stamford Harbor Capital… To read this article:
Strategist: Bitcoin, Digital Currency Trading Volume Will ‘Soon Surpass’ Apple’s
(CNBC) “Cryptocurrency trading volume is now more than of $3bn/day on average, and will likely soon surpass that of the world’s most liquid stock: Apple ($4bn/day),”Jens Nordvig, founder and CEO of Exante Data, said in a note Friday. Nordvig said […]
The Business of Hedge Funds – Dynamic Choice Beyond 2/20
(Harvest) The lifeblood of hedge funds as businesses is their performance pricing proposition through incentive fees, but the simple business model of 2% management fee and 20% incentive fees is fast becoming extinct. Pricing is coming down as well as […]
CEO Charged With Using Secret Accounts for Insider Trading in Company Stock
(HedgeCo.Net) The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by using secret brokerage accounts held in the names of his wife and brother. The SEC […]
Preqin: Investor Satisfaction with Hedge Funds Rising Amid Allocation Uncertainty
(FINalternatives) Nearly half of hedge fund investors report being satisfied with the returns they have received, according to new data from Preqin, although nearly the same proportion still expect to reduce their allocations to the asset class over the next […]
HFR Interim Update: Hedge Funds Gain Through Mid-September
(FINalternatives)Rising global financial markets have helped most hedge funds notch strong gains as of September’s midway point, according to new data from Hedge Fund Research, although trend-following CTAs have lost ground. To read this article:
This Hedge Fund Investor Says China Bears Are Missing Something
(Bloomberg) One hedge fund investor says Kyle Bass, Jim Chanos and other China bears are missing a key piece of the equation. Global investors have underestimated the power of China’s command economy, where leaders can cancel or forgive debts and […]
Indian Billionaire Serves a Happy Meal to the Hedge Funds
(Bloomberg) Anil Agarwal is cementing his influence over Anglo American Plc. The resources magnate is set to become the largest shareholder in the mining giant after investing up to 1.5 billion pounds ($1.8 billion) in a cleverly structured deal. His […]
Rubicon — a Macro Hedge Fund in London — Has Lost a Third of Its Value This Year
(The Business Insider) Rubicon Fund Management, a large London hedge fund focused on trading around global economic events, has suffered a 33.2% loss in its flagship fund this year. The losses were disclosed in investor documents reviewed by Business Insider. […]