Category Archives: Syndicated
Free Float Pays Off as London Hedge Fund Returns to Egypt
(Bloomberg) London hedge fund GAM UK Ltd. didn’t want to touch Egyptian debt during the years of political upheaval that followed the Arab Spring.Now, money manager Denise Prime is among European investors making their way back. Since Egypt floated its […]
Connecticut Approves Aid Package for 2nd Hedge Fund
(ABC News) For the second time in six months, a Connecticut panel approved giving taxpayer money to a hedge fund in exchange for promises to keep and add jobs in the state. On Tuesday, the State Bond Commission gave the […]
Can’t Blame Trump for Everything
(Harvest) The plunge in equities on Donald Trump’s victory was foreseeable. The bounce was also foreseeable. The fact that the bounce completely reversed the selloff and took the market to within a whisker of new all-time highs was not, in […]
Trump Tech Meltdown Hits Fourth Day With Amazon Cut by $35 Billion
(Bloomberg) “….“It’s a big deal with what potentially Trump could do,” said Blake Harper, an analyst that covers internet stocks at Loop Capital Markets LLC in Chicago. “If you look at investors in Alphabet, Facebook and Amazon, they’re stacking some […]
SEC Issues $20 Million Whistleblower Award
(HedgeCo.Net) The Securities and Exchange Commission today announced an award of more than $20 million to a whistleblower who promptly came forward with valuable information that enabled the SEC to move quickly and initiate an enforcement action against wrongdoers before […]
Hedge Fund Gold Buyers Caught Out by Trump as Prices Plunge
(Bloomberg) Add hedge funds to the list of investors caught on the wrong end of Donald Trump’s surprise election as U.S. president. Before the Trump victory on Nov. 8, which defied most poll-based forecasts, speculators increased bets on a bullion […]
SEC Chief to Step Down, Clearing Way For Trump to Slash Wall Street Regulations
(Los Angeles Times) Mary Jo White, the head of the Securities and Exchange Commission, announced Monday that she will step down nearly three years before the end of her term, clearing the way for President-elect Donald Trump to reshape the […]
Steve Cohen’s General Counsel Is Part of Trump Transition Team
(Bloomberg) Kevin O’Connor, the general counsel for Steven A. Cohen’s investment firm, is overseeing staff picks for the Justice Department as a member of President-Elect Donald Trump’s transition team, according to a chart obtained by Bloomberg. To read this article:
Dodd-Frank Easing May Herald More Lending For Banks
(Reuters) Deregulation may not mean the death knell of Dodd-Frank, yet it may help lenders do more of what their name implies: lend. That is the message from investors on the first day of the Reuters Global Investment Outlook Summit, […]
Hedge Fund Omega to Keep Managing Money For Clients
(Reuters) Hedge fund Omega Advisors plans to keep managing money for outside clients and expects to post stronger returns even as assets have shrunk after the U.S. government charged its billionaire founder with insider trading two months ago. “We have […]
Ex-Rabobank Trader Turned U.S. Cooperating Witness Spared Prison
(Reuters) A former Rabobank trader from Britain on Monday avoided prison after cooperating with U.S. authorities investigating how traders manipulated Libor….Paul Robson, 47, was sentenced to time served and two years of supervised release by U.S. District Judge Jed Rakoff […]
Hong Kong Seeder Preps Launch of First Offshore A & H-share Quant Hedge Fund
(Opalesque) OP Investment Management Ltd (OPIM) has announced a partnership with Charles Wang from Academia Capital Management (Academia) to launch one of Hong Kong’s first A and H-share quant funds for offshore investors, the Academia China Absolute Return Fund. The […]