Category Archives: Syndicated
How Starboard Value has shaken up Corporate America
(Quartz) Making good on an earlier threat, Starboard Value is soliciting support from Yahoo shareholders to replace the company’s entire board of directors with nine nominees of its choosing….Starboard has already successfully pressured Yahoo to abandon its planned spinoff of […]
Hedge Fund Invasion of U.S. Treasuries Puts Bond Traders at Risk
(Bloomberg) Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence. While the Federal Reserve doesn’t break out hedge-fund ownership, a group seen as a proxy increased its holdings to a record $1.27 trillion […]
How to Manage Merger Arbitrage Risk
(Daily Alts) In this video, Steve Gerbel explains merger arbitrage by making an analogy to air travel: “They say the safest place for an airplane is in the hangar, but that’s not what airplanes are for,” he says. When we […]
Liquid Alts Outperformed Hedge Funds in Tough 2015
(Daily Alts) Liquid alternatives struggled in 2015, but few asset classes didn’t. Excluding the “FANG” stocks – Facebook, Amazon, Netflix, and Google – even the S&P 500 lost ground last year, and while most liquid alts categories posted losses, every […]
Ex-Madoff Aides Accuse US Of Misconduct In 2nd Circ. Appeal
(Law360.com) Five former employees of Bernie Madoff’s securities firm asked the Second Circuit on Tuesday to overturn their convictions and prison sentences stemming from the epic Ponzi scheme, saying that prosecutors had made racially charged remarks at trial and withheld […]
Everest Re Hires Zurich’s Kerner to Head Risk-Management Team
(Bloomberg) Everest Re Group Ltd. hired Michael Kerner, who previously led Zurich Insurance Group AG’s general-insurance unit, to head the strategy and risk-management team as the Bermuda-based reinsurer reshapes management. Kerner will be an executive vice president, Everest Re said […]
The Illiquidity Illusion
(Harvest) Financial markets have gone through seismic changes since the global financial crisis, including the passage and continued implementation of both Dodd-Frank and European Market Infrastructure Regulation. These new regulations, geared to increase financial stability and reduce systemic risk, have […]
Navigating Shifting Risk Sentiment in a Low Growth Environment
(Harvest) The global fixed income market is increasingly complex and erratic. We live in an overly indebted, overly obligated world, with a growth rate that is slower than we are used to. Central bank activism, very low or negative rates, […]
Argentina Set To Launch Bond, End Hedge Fund Battle
(CNBC) Argentina is set to launch a $12 billion-plus bond that would mark a return to the capital markets after 14 years and settle a lengthy dispute with global hedge funds.On Thursday, the Argentinian Senate voted 54-16 to allow President […]
Hedge Fund Arrowgrass Said To Raise $600 Million To Bet On M&A
(Bloomberg) Arrowgrass Capital Partners LLP has raised more than $600 million for a hedge fund speculating on the success or failure of mergers and acquisitions, according to two people with knowledge of the matter.The Arrowgrass Customised Solutions I fund, overseen […]
This Is What It’s Really Like Starting Out At a Hedge Fund
(eFinancial) Coffee anyone? You have to pay your dues when you enter any industry, but starting out at a hedge fund has the reputation for being more difficult than the early stages of most jobs. Some hedge fund managers take […]
Hedge Fund Luxor Capital Alters Terms of Withdrawal Plan
(Reuters)Luxor Capital, a $3.8 billion hedge fund that has been losing money for months, said on Monday it will not be returning exiting investors cash in full, keeping a portion locked up until some illiquid investments can be sold. Instead […]