Category Archives: Syndicated
U.S. Probes $12.7 Trillion Treasury Market
(Bloomberg) The U.S. federal probe that ended last month with guilty pleas and $6 billion in fines from global banks began with an open secret — that currency traders there could talk to each other to coordinate trades. Now, the […]
Panic Sets In Among Hedge Fund Investors Remaining in Greece
(New York Times) For investors around the world looking at Greece, there was but one question Sunday: What is going to happen when the markets open? On Sunday night, the prime minister, Alexis Tsipras, said in a televised address that […]
Greek Debt Crisis: Banks TO Remain Shut All Week
(BBC) The Greek government has confirmed that banks will be closed all week, after a decision by the European Central Bank not to extend emergency funding.In a decree, it cited the “extremely urgent” need to protect the financial system due […]
Qbasis Gets $200 Million-Plus Investment in Black Swan Hedge Fund
(Reuters) A hedge fund that more than doubled clients’ money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment […]
Private Equity Firms Get Cybersecurity Wake Up Call
(Buyouts Insider) Private equity professionals who thought they had cybersecurity risks under control may be in for a jolt after this week’s release of the summer 2015 edition of Connections in the Middle Market, produced in partnership by law firm […]
Why A Hedge Fund Manager Is Betting Big On Fannie Mae And Freddie Mac
(Motley Fool) Over the past year and a half, famed activist investor Bill Ackman has built a massive long position in two of the most derided companies in the U.S.: Fannie Mae and Freddie Mac . These two government-sponsored entities […]
Elliot Continues Criticism of Cheil Industries Samsung Deal
(Reuters) U.S. activist hedge fund Elliott continued its public campaign against the proposed $8 billion merger of two Samsung Group companies on Friday, questioning the basis for the projected financial performance of the combined entity. To See this Article: www.reuters.com
Hedge Funds Seek Meeting With Puerto Rico Over Oil Tax Bond Deal
(Bloomberg) A group of hedge funds headed by Fir Tree Partners is seeking a meeting with Puerto Rico Governor Alejandro Garcia Padilla and senior officials at the Government Development Bank for Puerto Rico to discuss the potential sale of $2.9 […]
Hedge Funds Score Big Gains
(Wall Street Journal) Some of Wall Street’s biggest investors are outrunning markets for the first time in years, riding gains from bets on instability in Europe and a wave of mergers. To Read this article: www.wsj.com
Brevan Howard Grooming Managers In-House As Banks Retreat
(Bloomberg) Brevan Howard Asset Management started a training program to groom its next generation of money managers within the firm instead of relying on recruits from investment banks. The $26.5 billion investment firm, run by billionaire Alan Howard, is targeting […]
Big Investors Dumping Stocks Like It’s 2008
(Business InSider) In a note Tuesday, Jill Carey Hall at Bank of America Merrill Lynch (BAML) wrote that the clients’ net sales of US stocks amounted to $4.1 billion last week, the largest total since January 2008. www.BusinessInsider.com
Bluemountain, Citadel, Pimco Subpoenaed on Credit-swaps Suit
(CNBC) BlueMountain, Citadel, andPimco received third-party subpoenas in an investor lawsuit aboutcredit swaps, Dow Jones reported, citing sources. The lawsuitalleges that banks and industry groups engaged in anticompetitive practices in the credit-derivatives market. To Read this article: www.cnbc.com