Category Archives: Syndicated
US Identifies Insider Trading Ring With Ukraine Hackers
(Bloomberg) Exposing a new front in cybercrime, U.S. authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on the sensitive information before it became public. In […]
M&A Bonanza Means Billionaire John Paulson Is Having A Really Good Year
(Forbes) Reading recent headlines, you might think that billionaire John Paulson of hedge fund Paulson & Co. is down on his luck. A number of recent articles have highlighted investor withdrawals from some Paulson strategies, in addition to the decision […]
Hedge funds foiled by Europe’s distorted debt market
(Reuters) – Ultra-easy European Central Bank monetary policy is protecting the debts of some of the bloc’s weakest countries from attack by speculative hedge funds. Through a combination of low rates and bond purchases over the last four months, the […]
UBS said to close feeder fund
(Reuters) – UBS shut down a feeder fund that provided wealthy clients access to billionaire investor John Paulson‘sAdvantage fund due to the high cost of operating that portfolio, two sources said last week. Reuters reports that the bank shut down the […]
Warren Buffett just crushed Bill Ackman’s dream deal
(Yahoo Finance) – Warren Buffett — billionaire investor, philanthropist, Bill Ackman dream-crusher. Last week The Wall Street Journal reported that Ackman’s hedge fund, Pershing Square, had taken a $5.5 billion stake in Mondelez, the snack company behind Oreos and Ritz […]
BlueCrest Sued in U.S. as Libor Fallout Ensnares Hedge Fund
(Bloomberg) – BlueCrest Capital Management was sued by a group of investment firms over claims an employee at the hedge fund run by billionaire Michael Platt conspired with banks to rig the Swiss franc Libor rate. The allegations closely follow […]
Hedge Funds Foiled By Europe’s Distorted Debt Market
(Reuters) Ultra-easy European Central Bank monetary policy is protecting the debts of some of the bloc’s weakest countries from attack by speculative hedge funds. Through a combination of low rates and bond purchases over the last four months, the ECB […]
Activist Hedge Fund ValueAct Takes Stake in AMEX
(Reuters) – Activist hedge fund ValueAct Capital Management LP has taken a stake in credit card issuer American Express Co (AXP.N), which is struggling with the loss of several co-branded tie-ups amid intense competition. Related Stories. The company’s shares jumped […]
Behind Enemy Lines: Foreign Hedge Funds Thrive In China
(Reuters) – Hundreds of foreign hedge funds and traders are working in a regulatory grey area in China, using speculative trading strategies that are complicating regulators’ efforts to calm the country’s turbulent stock markets. Interviews with more than a dozen […]
Madoff Criminal Case Finally Comes To An End
(HITC Business) In 1964, Irwin Lipkin became one of the first employees at a small New York trading firm called Bernard L. Madoff Investment Securities. Reuters reports that five decades later, Lipkin, 77, is set to be sentenced on Wednesday […]
This Brazilian Billionaire Could Make or Break Bill Ackman’s Latest Big Investment
(Business Insider) Activist investor Bill Ackman has made the food and beverage multinational Mondelez International his newest target. The hedge fund manager is likely to push for the company to cut costs or sell itself to a rival, according to […]
Billionaire Ken Griffin Might Bring Back The Hedge Fund IPO
(Forbes) Billionaire Ken Griffin has rebuilt his Citadel, the Chicago hedge fund firm that nearly collapsed during the financial crisis and now manages $26 billion. Now, Griffin is once again thinking about taking his hedge fund firm public. The Wall […]