Category Archives: Syndicated
Watchdog to Ask US Lawmakers to Probe Icahn’s Role With Trump
(Reuters) A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels […]
Hedge Funds Are Bracing for a Market Selloff
(Bloomberg) U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead. Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become […]
Hedge Fund Sarissa Seeks to Replace Majority of Innoviva’s Board
(Reuters) Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company’s board. The company’s shares were up 3.1 percent at $12 in early trading on Tuesday. Innoviva, formerly Theravance […]
SEC’s ‘Hamilton’ Ponzi Case Expands to Dylan, McCartney, Harry Potter
(Reuters) Entertainment featuring Bob Dylan, Paul McCartney, The Rolling Stones and even Harry Potter are now part of a U.S. regulator’s expanded lawsuit accusing two New York men of running a Ponzi scheme centered on the resale of tickets to […]
Trump Tweets Hurt Stocks, Dollar Gains
(Reuters) Key world equity markets fell on Monday as U.S. President Donald Trump’s accusations that he was wiretapped by his predecessor dimmed U.S. tax reform plans, while the dollar rose on improved chances an anti-EU candidate will become France’s president. […]
Hedge Funds Gird for Stock Selloff as Valuations Rattle Nerves
(Bloomberg) U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead. Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become […]
KKR Raises $13.9B For Twelfth PE Fund
(FINalternatives) Global alternative investment giant KKR has announced the final close of its latest flagship fund, raising an extraordinary $13.9 billion in capital commitments for its twelfth buyout vehicle. To read this article:
Lyxor: Hedge Fund Index Dips -0.8% As Event-Driven Streak Continues
(FINalternatives) Hedge funds dipped slightly last week as global macro funds were impacted by a stronger euro and lower European bond yields, short-term CTAs outperformed and event-driven funds notched their fifth positive week in a row, according to Lyxor Asset […]
Investcorp Closes Acquisition Of 3i Debt Management Unit
(FINalternatives) Alternative investment specialist Investcorp has completed the acquisition and integration of 3i Group’s $11 billion debt management unit and rebranded it as Investcorp Credit Management. To read this article:
Jacob Wohl, the Teenage-Hedge Fund Manager, has Been Ordered to Cease and Desist
(Benzinga) The career of Jacob Wohl, the 19-year-old “Wohl of Wall Street” hedge fund manager, seems to be coming to a quick end. The high school jock who started his own hedge fund as a teenager and reported questionably high […]
Hedge Fund Managers Think They Should Make More Money Even Though Most Don’t Beat the Market
(CNBC) Hedge funds, as a group, have a lower return than straight-up market indexes do….A majority — 53 percent — of those surveyed said they expected to produce higher overall earnings for themselves in 2016 compared with 2015… To read […]
Banks Come in From the Cold for Hedge Funds
(Reuters) Bank stocks are back in vogue for hedge funds, which have shunned the industry over the past seven years due to a squeeze on banks’ profitability from low interest rates and because of their opaque balance sheets. The election […]