Category Archives: Syndicated
Global investor confidence declines in December by 1.5 points to 94.8
(HedgeWeek) The State Street Global Investor Confidence Index decreased to 94.8 in December, down 1.5 points from November’s revised. To read this article:
SS&C GlobeOp Forward Redemption Indicator up to 4.18 per cent for December
(HedgeWeek) The SS&C GlobeOp Forward Redemption Indicator for December 2017 measured 4.18 per cent, up from 3.91 per cent. To read this article:
China’s New Tax May Hit Hedge Funds More Than Investment Rivals
(Bloomberg) Hedge funds may be the biggest losers from a new 3 percent tax on some investment returns in China. The new value-added levy, which will take effect on Jan. 1, is part of a broader shift in how companies […]
British hedge fund titan Crispin Odey’s 2017 was even worse than we thought
(The Business Insider) Crispin Odey, one of the most recognisable names in the British hedge fund industry, has suffered a fresh setback after it was reported that his fund’s profits have more than halved. To read this article:
Brigade Capital hedge fund criticizes Humana-Kindred deal
(The Business Insider) Hedge fund Brigade Capital Management, a top shareholder in Kindred Healthcare Inc, said on Wednesday that the deal by U.S. health insurer Humana Inc and two private equity firms to buy Kindred was “disappointing and grossly inadequate.” […]
Hedge Fund Launches Top Liquidations as Industry Growth Accelerates
(Valuewalk) New hedge fund launches exceeded liquidations on a quarterly basis for the first time in over two years, as improved investor risk tolerance and declining costs drove total hedge funds industry capital to a record $3.16 trillion in 3Q17. […]
Och-Ziff Drops Levin as CEO Pick, Highlighting Succession Woes
(Bloomberg) Dan Och’s note to clients two days before Christmas, telling them that star trader Jimmy Levin wasn’t going to get the top job at Och-Ziff Capital Management Group after all, shows how tough succession can be at hedge funds. […]
Distressed-Debt Hedge Fund Archview Is Shutting Down
(Bloomberg) Archview Investment Group LP became the latest distressed-debt hedge fund to close its doors, according to people with knowledge of the matter.The firm founded by former heads of Citigroup Inc.’s distressed-debt team will start returning money to investors after […]
Hedge Funds to Cash in if Shops Come up Short
(Times Online) Hedge funds are poised to profit from any weak post-Christmas trading updates from high-street retailers, which account for half of the top ten most shorted stocks on the London Stock Exchange. Investors have sharply increased their bets this […]
Brexit Bet is a Distant Memory as Odey’s Hedge Fund Suffers
(Times Online) Profits and performance fees have plunged again at Odey Asset Management after poorly timed trades and investments pitched the firm into one of the worst years in its history. Profits more than halved from £44.23 million to £18.6 […]
Hedge Fund Files $2B Suit Over Failed Wireless Network
(Courthouse News Service) Hedge fund Harbinger Capital claims Apollo Global Management concealed major problems with its plan to build a multibillion-dollar mobile network, inducing Harbinger to invest $2 billion and buy out Apollo’s interest in a company doomed to fail. […]
Steven Cohen Plans a New Hedge Fund. Investors Are Wary.
(New York Times) Steven A. Cohen, the billionaire investor whose career was nearly derailed by a government crackdown on insider trading, is days away from once again being able to manage other people’s money. Whether investors will hand over their […]