Category Archives: Syndicated
Dupont CEO Departure Buys Time to Appease Peltz
(Reuters) The departure of DuPont’s chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months’ grace to boost its stock price and appease activist investor Nelson Peltz.Before Kullman’s surprise retirement announcement, the billionaire fund manager […]
David Harding’s Main Hedge Fund Rose Amid September’s Turmoil
(Bloomberg) David Harding’s main $12.6 billion hedge fund at Winton Capital Management, Europe’s largest computer-driven trading firm, rose 3.9 percent, beating markets in September, according to a performance document. The Winton Futures Fund gained 1.8 percent in the first nine […]
BOE’s New Official Faces Grilling on Hedge-Fund Links, Rate View
(Bloomberg) Gertjan Vlieghe, a former hedge-fund economist and the Bank of England’s newest rate setter, this week has a chance to defend his independence and outline his policy view. Just days after the Monetary Policy Committee said weak inflation gives […]
Obama economy is ‘amazing,’ says hedge fund billionaire
New York (HedgeCo.Net) President Obama isn’t exactly the most popular guy in the corridors of finance. But one big Wall Street billionaire thinks it’s time to stop bashing Obama. Why? Because he’s done a great job. “The strides we’ve made […]
BlueCrest equity hedge fund up 10 pct this year, defying stocks rout
(Reuters) BlueCrest’s equity hedge fund has gained about 10 percent this year, data seen by Reuters showed, riding out volatile global equity market moves that have led to deep losses for many peers. One of the biggest hedge fund firms […]
Market volatility fails to dent investors’ attraction to robo-advisers
(Investment News) The summertime spike in market volatility failed to dent investors’ willingness to invest — or invest more of — their assets with robo-advisers. Automated investment platforms saw a 57% increase in assets under management between December 2014 and […]
Hedge Fund Pressures Peru to Pay Back 40-Year-Old Debt
(Financial Times) A US hedge fund is ratcheting up its campaign to convince Peru to repay $5bn of long-defaulted 40-year-old bonds by threatening to sue the country under a free-trade agreement with the US. Gramercy, an emerging markets-focused hedge fund, […]
Dupont CEO Departure Buys Time to Appease Peltz
(Reuters) The departure of DuPont’s chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months’ grace to boost its stock price and appease activist investor Nelson Peltz. Before Kullman’s surprise retirement announcement, the billionaire fund […]
Bill Gross Sues Pimco For $200 Million Over Forced Ouster
(Reuters) posted on Fri 9 Oct 2015 Permalink Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying a greedy “cabal” of executives drove him out of the […]
How Two Guys Lost God and Found $40 Million
(Bloomberg) Abe Zeines and Meir Hurwitz made their money in a field that’s now called merchant cash advance. It’s a legal way to lend money to small businesses at interest rates higher than Mafia loan sharks once charged. Completely unregulated, […]
US Hedge Fund May Sue Korea’s Pension Service
(Korean Times) The National Pension Fund (NPF), the country’s biggest pension service operator, said Wednesday that Elliott Associates, an American hedge fund led by Paul Singer, may file a lawsuit against the service, seeking compensation. “There is the possibility that […]
Bain to Liquidate Absolute Return Hedge Fund After Losses
(Bloomberg) Bain Capital is liquidating its Absolute Return Capital hedge fund after more than three years of losses, citing a “challenging” environment for macro trading. The fund, run by Jonathan Goodman and Jeff Woolbert, had about $2.2 billion in assets […]