Category Archives: Syndicated
Ex-Apollo Global Exec Charged With Defrauding Investors Out Of $290k
(New York Post) Federal regulators on Wednesday charged a former senior partner at Leon Black’s Apollo Global Management with defrauding investors out of $290,000. For 3 ¹/? years ended in June 2013, Ali Rashid charged more than 1,000 personal items […]
Activist Investor Snow Park Urges Cedar to Explore Sale
(Reuters) Activist hedge fund Snow Park Capital Management sent a letter to Cedar Realty Trust Inc (CDR.N) on Wednesday urging the U.S. shopping center owner to explore options, including a potential sale. Snow Park said Cedar had already received several […]
Proxy Firm ISS Supports ADP Management but Recommends Ackman to Board
(Reuters) Proxy advisory firm ISS on Wednesday recommended that shareholders largely vote for directors recommended by the board of Automatic Data Processing Inc, but also supported the election of hedge fund manager William Ackman.While ISS said Ackman failed to make […]
Hedge Fund Movements Push Long Stock Exposure To All-Time High
(Valuewalk) ETFs are not just popular with retail investors, the instruments have become a great tool for hedge funds as well. According to Bank of America’s latest Hedge Fund Quarterly report, which looks as aggregate hedge fund movements on a […]
Kyle Bass Says History Will Remember Xi for Reckless Policies
(Bloomberg) Hedge fund manager Kyle Bass, who has been betting against the yuan and warning of a collapse in China’s banking system, said the nation will one day come to regret handing Xi Jinping more power than any leader in […]
Hedge Fund Managers Have To Think Like Amazon
(FINalternatives) Hedge fund managers need to understand the expectations of today’s Amazon-conditioned consumers if they want to grow their businesses, explains Harvest co-founder and CEO Peter Hans in this contributed article. Change is often a four-letter word at many alternative […]
Citadel Data Chief Korsos Said to Leave After Three Months
(FINalternatives) Laszlo Korsos, who joined hedge fund Citadel in July from Uber Technologies, has reportedly left his position as chief data officer at the firm after only three months. Korsos worked on Uber’s pricing algorithms and founding the company optimization […]
Blackstone Plans to Double Assets to $800bn in Five Years
(Bloomberg) Blackstone Group LP could double its assets under management to $800 billion in five years, according to Chief Executive Officer Steve Schwarzman. “We have internal targets, plans, aspirations to basically double where we are which would take us to […]
Marini Launches Crypto Fund Of Hedge Funds As Sector Booms
(FINalternatives) Veteran entrepreneur and venture capital executive Rick Marini has reportedly launched a crypto-focused fund of hedge funds, believed to be the first of its kind, as investment interest in the cryptocurrency sector explodes. To read this article:
Greenlight Adds Three Longs, Questions Whether Value Investing Is ‘Viable Strategy’
(FINalternatives) David Einhorn’s Greenlight Capital went long three new investment positions last quarter, a new investor reveals, but the famed stockpicker is questioning whether the value investing principles that have made him rich are effective in the current market environment. […]
Charlesbank Raises $2.75B in Four Months For Ninth Fund
(FINalternatives) Boston-based Charlesbank Capital Partners has raised $2.75 billion in capital commitments for its ninth private equity fund, a hybrid vehicle that will also make opportunistic credit investments. To read this article:
Lawyers Slam Key Witness in Ex-NYC Union Head’s Bribery Trial
(Reuters) Lawyers defending the former head of New York City’s correction officers’ union and a co-founder of defunct hedge fund Platinum Partners in a federal bribery trial told jurors on Tuesday that prosecutors’ star witness was a liar.The witness, Jona […]