Category Archives: Syndicated
Conviction Reversed for Former Jefferies Trader
(Stamford Advocate) A former Jefferies & Co. exec in Stamford won a reversal of his conviction for how he portrayed bond prices to customers, according to Bloomberg, with the U.S. Court of Appeals for the Second Circuit ruling prosecutors failed […]
Bill Gross’s Investors Pulled $74 Million From Fund in November
(Bloomberg) Investors resumed redemptions from Bill Gross’s Janus Global Unconstrained Bond Fund in November, taking out about $74 million, the largest monthly outflow since the erstwhile bond king took over the fund last year.Total assets under management fell to $1.32 […]
Ricky Sandler’s hedge fund just made a killing on its Keurig Green Mountain stake
(Business Insider) Eminence Capital, the hedge fund manager led by Ricky Sandler, has made hundreds of millions of dollars this morning on its Keurig Green Mountain long position. On Monday morning, the coffee K-cup maker announced it’s being acquired by […]
U.S. Fund Manager Accused of Faking Own Death is Convicted of Fraud
(Reuters) A New York City hedge fund manager who allegedly faked his own death to conceal his fraud was convicted on Friday for stealing more than $800,000 from investors he solicited, New York Attorney General Eric Schneiderman said on Friday. […]
Robotic Trading is Killing Wall Street Jobs
(New York Post) The US stock market is at a crossroads as a consensus of market mavens concludes that high-frequency trading is taking its toll on Wall Street. A new study suggests that an estimated 10 million prospective finance jobs […]
Hedge Funds Lick Wounds after Tough Year
(Financial Times) What was meant to be the big comeback year for the beleaguered hedge fund industry has instead been one of its toughest since the financial crisis. Wrongfooted by central banks and sudden bouts of market volatility, some of […]
Speculators Win Betting on OPEC’s Willingness to Extend Oil Glut
(Bloomberg) Hedge funds wagered correctly that OPEC wouldn’t act to support oil prices. The Organization of Petroleum Exporting Countries gave no respite from the global oil glut that has driven crude to a six-year low. At its Dec. 4 meeting […]
Hedge Funds Are Doubling Down on Weaker Gold Price
(Mining.com) On Monday the Comex market in New York, gold futures with February delivery dates gave up some of Friday’s gains, hurt by a stronger dollar and fresh weakness on broader commodity markets.In early afternoon trade gold was exchanging hands […]
Rethinking The Collapse Of Wall Street Favorites Valeant And SunEdison
(Forbes)Renewable energy developer SunEdison and specialty drug manufacturer Valeant Pharmaceuticals can be slapped with a lot of the same labels as they’ve tumbled in 2015. Call them hedge fund hotels or financial engineering Frankensteins, their complexity and leverage are being […]
Hedge Funds Raised Short Euro Bets to Most Since May Before ECB
(Bloomberg) Hedge funds boosted wagers on euro weakness to the highest since May this week before the European Central Bank delivered a stimulus package that was less aggressive than investors anticipated, sending the shared currency soaring.In a sign that large […]
U.S. fund manager accused of faking own death is convicted of fraud
(Reuters) – A New York City hedge fund manager who allegedly faked his own death to conceal his fraud was convicted on Friday for stealing more than $800,000 from investors he solicited, New York Attorney General Eric Schneiderman said on […]
Hedge Funds Turning Record Bearish on Gold Miss Metal’s Rebound
(Bloomberg) Record hedge-fund pessimism about gold prices came at exactly the wrong time, just prior to the precious metal’s biggest rally since September. Money managers boosted their gold net-short position to the highest ever three days before Friday’s U.S. jobs […]