Category Archives: Syndicated
Shkreli Jury Ends Third Day of Deliberations Without a Verdict
(Bloomberg) The jury mulling the fate of Retrophin Inc. co-founder Martin Shkreli ended the third day of deliberations without a peep. On Tuesday, the panel had asked for the definitions of “assets under management” and “fraudulent intent,” but it didn’t […]
Monroe Capital Taps Gueikian For Special Situations Role
(FINalternatives) Direct lending specialist Monroe Capital has named former Melody Capital Partners managing partner Cesar Gueikian as a managing director and co-portfolio manager. To read this article:
Japan’s Start-Up Stock Market Plunge Could Pressure Small-Caps
(Reuters) Japan’s stock market for start-up firms plunged to two-month lows this week as investors pulled money out of the risky and inflated market, raising concerns the broader stock market could also see some spillover. The Tokyo Stock Exchange’s Mothers […]
Standard Bank Starts Prime Broker to Gain From Hedge Fund Growth
(Bloomberg) Standard Bank Group Ltd., Africa’s largest lender by assets, plans to start a prime brokerage next month to benefit from regulatory changes in South Africa it expects will boost the hedge fund industry. The Johannesburg-based company anticipates having five […]
HFRX Global Hedge Fund Index Up +1% In July, +3.51% YTD
(FINalternatives) Hedge funds posted gains in July as global equity markets gained, the U.S. dollar fell and oil recovered some of its 2017 declines, according to an update from Hedge Fund Research. To read this article:
Wilshire: Liquid Alternatives Gain $3.1B in AUM During Second Quarter
(FINalternatives) Investors continued to allocate capital to liquid alternative strategies in the second quarter, according to the Q2 2017 edition of the Wilshire Liquid Alternatives Industry Monitor, although at a far slower pace than earlier in the year. To read […]
Cohodes Protégé to Raise $200 Million for a Short Hedge Fund
(Bloomberg) An eight-year rally in stocks that’s punished contrarians who’ve dared to bet against the market isn’t deterring 26-year-old Fahmi Quadir from starting a short-selling hedge fund. “I’ve seen the tail end of a bull market and it doesn’t scare […]
Procter & Gamble Tells Shareholders to Fend Off Hedge Fund Investor Peltz
(The Standard) Procter & Gamble is hitting back at activist investor Nelson Peltz, saying in a letter Tuesday that he is not entitled to a board seat just because he wants it. Peltz’s hedge fund has a 1.5 percent stake […]
Paul Tudor Jones Clients Pull 15% From Main Hedge Fund
(Bloomberg) Paul Tudor Jones’ investors are increasingly deserting him. The billionaire macro manager who helped give rise to the hedge fund industry saw clients pull about 15 percent of their assets from his main fund in the second quarter, according […]
Cheyne Capital Launches Distressed Credit Business
(Opalesque) Cheyne Capital, the London-based alternative asset manager, announces the launch of a new sub-investment grade credit business, SVC. The team will be run by Anthony Robertson, formerly Head of Leveraged Finance at BlueBay Asset Management, who joins as CIO […]
Index Rules and Analyst Fatigue
(Bloomberg) In recent years, founders of big tech companies have realized that they can take their companies public while still maintaining control in perpetuity, by setting up dual- or even triple-class stock structures and issuing low- or even nonvoting stock […]
Credit Suisse Said To Prep Spinoff Of $1B Quant Hedge Fund Business
(FINalternatives) Credit Suisse Asset Management is reportedly planning to spin out its $1 billion Quantitative and Systematic Asset Management division, home to the company’s internal Qube and QT equity-focused quant funds, later this year. To read this article: