Category Archives: Syndicated
No Near-Term Upside for Chinese Stocks, Says Lygh Hedge Fund
(Bloomberg) China’s stock market won’t see much upside during the first half of next year as the nation’s reforms of initial public offerings will spur a new supply of shares, and earnings growth will remain subdued, according to Singapore-base fund […]
Valeant, Short Selling, and the Too-Hard Pile
(Harvest) In general, I find reading short reports to be a very valuable exercise. I don’t do much shorting in my accounts for clients, but I find that for the most part, short sellers provide a useful service to the […]
Hedge Fund Managers May Receive Extra Time to Prepare for MiFID II
(Hedge Fund Law Report) The Markets in Financial Instruments Directive recast under the new directive (MiFID II) and related regulations (MiFIR) are currently scheduled to take effect in January 2017, and hedge fund managers trading in Europe will need to […]
Citigroup Sued by Failed Hedge Fund Over 2008 Crisis Trades
(Bloomberg) A failed hedge fund, whose manager was jailed for fraud, sued Citigroup Inc. over allegations the bank undervalued assets when it closed out trades at the height of the 2008 financial crisis.Liquidators of Millennium Global Emerging Credit Fund Ltd., […]
Hedge Fund Investor Kairos Preps Three Funds With Combined $160 mln
(Reuters) Italy-based hedge fund investor Kairos Partners is gearing up to launch three funds with over $160 million in assets by year-end, bucking the trend in an industry that continues to see rivals close. To read this article:
Hedge fund manager Ken Griffin backing Rubio for president
(Reuters) — Hedge fund manager Ken Griffin of Citadel will support Republican U.S. Senator Marco Rubio of Florida for president in 2016, the billionaire said in a statement on Wednesday. “Senator Rubio is uniquely qualified to lead our nation with […]
Ackman plays big role in laying out Canadian Pacific rail deal
BOSTON (Reuters) – Billionaire investor William Ackman is playing an outsized role in railway Canadian Pacific’s <CP.TO> plan to buy rival Norfolk Southern <NSC.N>, underscoring his efforts to bring home a deal to salvage an otherwise awful 2015 for the […]
Trainee Sentenced After Pretending to be Hedge Fund Manager
(HITC Business) A New York City man claiming to be an experienced hedge fund manager has been convicted for stealing over $800,000 from at least 17 investors, according to a statement from New York Attorney General Eric Schneiderman. CNN Money […]
The Biggest Hedge Fund Casualties From The ECB’s “Shocking” Disappointment
(Zero Hedge.com) When last Thursday morning the ECB, widely expected to unleash an epic bazooka, instead revealed the tiniest of water pistols, it did not only impair its own credibility and “forward guidance”, it sent a shockwave through the markets […]
OIL TRADING ‘GOD’: Now is not the time to exit the market
(Business Insider) Astenbeck Capital, the energy and commodities hedge fund led by oil trading “god” Andrew J. Hall, is on track for its worst year ever.The fund fell 10% in November and is now down 26.3% year-to-date, Reuters’ Barani Krishnan […]
This $20 Billion Hedge Fund Is Gobbling Up Teva Pharmaceutical Industries Limited
(Fool.com) Paulson & Co., an event-driven arbitrage fund, gobbled up Teva Pharmaceutical Industries stock in the third quarter. Should average investors follow their lead? According to the third-quarter 13F filings with the SEC, Paulson & Co., a $20 billion hedge […]
Hedges Score Big Time On Bets Against Anglo American
(Wall Street Journal Interactive) A bevy of hedge funds have scored big after building a sizable short position against Anglo American PLC, the fifth-biggest miner by market valuation. In a investor day Tuesday, Anglo American suspended dividend payments and slashed […]