Category Archives: Syndicated
Some of the Biggest Names in the Hedge Fund Industry are Planning to Invest in a Hot New Fund
(The Business Insider) Philippe Laffont, the founder of Coatue Management; Louis Bacon, the founder of Moore Capital; and Dan Loeb, the founder of Third Point, are planning to invest in Ben Melkman’s Light Sky Macro, a New York hedge fund […]
SEC to Host Crowdfunding Dialogue February 28
(Hedgeco.NET) The Securities and Exchange Commission will host a crowdfunding symposium Feb. 28, covering research, challenges, opportunities, and the effects of securities-based crowdfunding on various market participants. The Commission’s Division of Economic and Risk Analysis is partnering with NYU’s Salomon […]
Ex-Forex Traders Get Jail Time for Cheating Banks
(Bloomberg) Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng was sentenced […]
Lyxor: Hedge Fund Index Gains 1% On Macro, CTA Strategies
(FINalternatives) Hedge funds have continued to benefit from a supportive earnings season in the U.S. and a general risk-on sentiment across the board, according to the latest edition of Lyxor Asset Management’s Weekly Brief. To read this article:
JANA Partners Inks Deal With Tiffany & Co. For Three Board Seats
(FINalternatives) Barry Rosenstein’s activist hedge fund JANA Partners has struck a surprise deal with Tiffany & Co. in which the luxury retailer will add three directors to its 10-seat board. To read this article:
Global Prime Partners Launches Structured Products Unit
(FINalternatives) London-based Global Prime Partners has launched a structured products division that will provide clients with streamlined access to top issuers along with custom technology and customer service. To read this article:
Investors are Charging into Emerging Market ETFs
(Bloomberg) U.S. President Donald Trump has supported many policies that could harm emerging market economies. But investors are betting that his bark will turn out to be worse than his bite. More than $7 billion has poured into exchange-traded funds […]
Gotham Hedge Fund Explores Shifting Fees to Tie Pay to Returns
(Bloomberg) Gotham Asset Management, the $6 billion money manager run by Joel Greenblatt and Robert Goldstein, is exploring a new fee structure that ties more of the fund’s pay to performance. The firm is in talks with some investors for […]
Hedge Funds Diverge on Gold, Silver Price
(Mining) Gold was drifting lower on Tuesday in brisk post-holiday trading in the US as the metal seeks direction after hitting three-month highs earlier this month. Gold for delivery in April, the most active contract on the Comex market in […]
Hedge Fund Veterans Team Up to Launch $300m Multi-strategy Manager
(Reuters) Rick Doucette, who spent 26 years at Weiss Multi-Strategy Advisers, and ex-UBS prime brokerage senior salesman Gerry Polizzi are planning a new multi-strategy hedge fund, they told Reuters.Doucette and Polizzi plan to launch Antecapio Investment Partners with $300 million […]
Icahn Buys Bristol-Myers Shares, Adding to Activist Pressure
(Reuters) Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company’s shares from a loss to more than […]
Wall Street Challenges US Regulator Over Proposed Commodities Rule
(Reuters) Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks’ ties to […]