Category Archives: Syndicated
U.S. Charges Gabonese Man For Bribe Scheme Involving Hedge Fund
(Reuters) A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights.Samuel Mebiame, who authorities say […]
Steven Cohen Settles With US Commodities Agency
(The Daily Mail) Billionaire hedge-fund manager Steven A. Cohen, who was earlier accused of failing to prevent insider trading at his firm, has agreed in a settlement with the government not to engage in any activities overseen by federal commodities […]
Hedge-Fund Firms Brevan Howard, Tudor Battle Losses
(Wall Street Journal Interactive) A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put […]
Bain Capital Hedge Fund Chief Ted Pappendick Said to Leave Post
(Bloomberg) Ted Pappendick is leaving as head of Bain Capital’s hedge fund unit and will be replaced by a veteran money manager who had worked at Adage Capital and Och-Ziff Capital Management Group, according to two people with knowledge of […]
Can Two Negatively Correlated Investments Both be Positive YTD?
(Harvest) What… How can two negatively correlated investments both by in positive territory for the year? With stocks back at all-time highs, one might think managed futures programs – you know, the poster child of performing during stock market crisis […]
Hedge Fund Titans Lightened Q2 Equity Positions as Stocks Rose
(Fin Alternatives) Several big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock market rally in the current quarter. To read this article:
Hedge Funds Are Losing Endowments After Exodus of Pensions
(Bloomberg) Following the lead of pensions, some U.S. endowments and foundations are souring on hedge funds. Hedge fund fees and lagging performance are cause for concern for nonprofit investors, who are reducing their allocation, according to a survey published Monday […]
Quorum Health Rises; Appaloosa Hedge Fund Reports 2.6% Stake
(Bloomberg) Quorum Health Corp., the hospital chain spun off by Community Health Systems Inc., rose 15 percent on Monday after Appaloosa Management LP reported a 2.6 percent stake in the company. Appaloosa, a hedge fund based in New Jersey, owned […]
The Financialization Of Commodities – Traders Have to Broaden Their Vision
(Harvest) There has been much discussion on the impact of institutions and indexing on commodity markets. Most of the press has been negative. Large institutional non-hedgers are believed to have distorted prices and increased the correlation with other asset class. […]
Chinese Hedge Fund Liquidations Touch Record In First Half Amid Poor Market Performance
(South China Morning Post) A record number of hedge funds in China were forced to liquidate owing to woeful performance in the first half of this year, exacerbating the bearish sentiment on the weak A-share market. According to Beijing Gesafe […]
Huge US Hedge Fund Uses Dublin Hub to Avoid Tax On Global Assets
(The Irish Times) Davidson Kempner, one of the world’s biggest hedge funds with assets of more than $25 billion, uses Ireland as a hub to domicile distressed loans linked to assets all over the world, paying almost no corporation tax […]
Hedge Funds up Bullish Platinum, Palladium Bets Near Record
(Mining.com) Platinum futures trading on the Nymex market in New York lost $13.70 an ounce to $1,115 on Monday, down from 15-month high hit last week. Palladium contracts gained slightly but stayed below $700 an ounce as the metal retreats […]