Category Archives: Syndicated
Goldman-Backed Pelham’s Hedge Fund Said to Lose 10% in June
(Bloomberg) Pelham Capital’s main hedge fund lost about 10 percent in June as the U.K.’s shock decision to exit the European Union sparked turmoil in global equity markets, according to two people with knowledge of the matter. The losses in […]
Hedge fund giant Bill Ackman just took a massive blow
(Yahoo Finance) Shares of multi-level marketer Herbalife jumped on Friday following a report from The Wall Street Journal that The Federal Trade Commission will not determine the company to be a pyramid scheme. Instead, the company will pay a $200 […]
Goldman-Backed Pelham’s Hedge Fund Said to Lose 10% in June
Pelham Capital’s main hedge fund lost about 10 percent in June as the U.K.’s shock decision to exit the European Union sparked turmoil in global equity markets. The losses in Pelham Long/Short Fund, which managed 3.8 billion euros ($4.2 billion) […]
Charlotte Hedge Fund Manager Pleads Guilty To New Charges
(The Charlotte Observer) A former Charlotte hedge fund manager already in prison for an investment scheme that cost investors at least $8.9 million pleaded guilty July 1 to two new charges as part of a widening case involving a New […]
A Hedge Fund’s Peru Bond Fight Now Playing at a Theater Near You
(Bloomberg) A spat between Peru and bondholders over decades-old unpaid debts is playing out in an unlikely place: your local movie theater. “The Debt,” as the movie is titled, is a fictional account of ruthless Wall Street types who seek […]
New York Hedge Fund Drops Bid To Merger Stelco And Algoma
(Hamilton Spectator) An American hedge fund that planned to merge Stelco and Algoma into a new Canadian steel firm has pulled out of the bidding. A source familiar with the situation said KPS Capital Partners, of New York, dropped its […]
First U.S. Trader Convicted Of Spoofing Sentenced To Three Years In Jail
(Reuters) A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced […]
Leaving London Could Cost Brexit-Spooked Banks $67 Million In Relocation Expenses
(CNBC) London-based banks looking to pack up after Brexit could end up spending as much as $66.5 million to relocate to the EU, a new report says. Estimates published by global consulting agency Synechron say banks looking to relocate 1000 […]
Impala Prepares Hedge Fund To Bet On Commodity Rebound
(Reuters) Impala Asset Management is forming a new hedge fund to bet on rising commodities prices, according to a letter sent to clients and seen by Reuters on Thursday.Impala, a $2 billion stock-focused hedge fund manager based in New Canaan, […]
Alibaba, Soros Family Office Alums Team Up On New Hedge Fund
(TheStreet.com) A hedge fund manager with close ties to Alibaba chairman Joseph Tsai hopes to add a little George Soros magic, teaming with two partners from the Soros family office to form a new management firm. Dubbed Old Farm Partners, […]
Massive Hedge Fund Backs Nashville Convention Center Project
(Nashville Business Journal) A $28 billion hedge fund based in Boston is pumping equity into the highest-profile and most closely watched proposed development in downtown Nashville. According to multiple real estate sources, The Baupost Group LLC is backing a proposed […]
Fundraising for PE Secondaries Funds Hits Record in 2H16
(Fin Alternatives) Fundraising for private equity secondaries hit a record in the second half of 2016, with the majority coming via Ardian’s recent close of its record-setting seventh secondaries fund, according to new data from Preqin. To read this article: