Category Archives: Syndicated
Charter Agrees to Buy Time Warner for $55 Billion
NBC – The broadband battle heated up on Tuesday when Charter Communications said it agreed to buy Time Warner Cable for $55 billion, in a deal that would combine the second- and third-largest U.S. cable providers and create a more […]
Hedge fund managers stung by ‘class warfare’ rhetoric
CNBC – Hedge fund investments are finally outperforming, but the public image of their managers is taking a beating. President Barack Obama called the group “society’s lottery winners” last week, noting that the top 25 earning hedge fund managers made […]
Hedge Funds Win Through Stock Connect
WSJ – A clutch of Asian hedge funds that seized on a new trading link between Hong Kong and Shanghai are posting outsize returns at a time when other investors remain wary of placing big bets on Chinese companies. The […]
Here’s the top stock pick from each of 50 biggest hedge funds
The 50 largest hedge funds increased their exposure to stocks by 5.3% in the first quarter, according to FactSet. That’s a jump from 1% in the fourth quarter, according to the firm’s latest data on hedge fund ownership published Wednesday. […]
Hedge Fund Vultures to the Rescue in Puerto Rico
Bloomberg – Bring ice skates on your next trip to Puerto Rico. There’s a sweet public rink in Aguadilla that claims to be the only place to skate year-round in the Caribbean. “This is a great way to spend some […]
Hedge fund exit requests hit year’s high in May-data
Reuters – Investor requests to take out cash from hedge funds rose in May to their highest this year, data from fund administrator SS&C Technologies showed on Wednesday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed […]
Imation loses proxy fight; hedge fund ousts 3 board members
TwinCities – An activist hedge fund has won a hotly contested proxy fight at Imation Corp., replacing three board members — including the company’s CEO and nonexecutive chairman, the Oakdale-based company said Wednesday. The Clinton Group, a New York-based hedge […]
The $10 Hedge Fund Supercomputer That’s Sweeping Wall Street
Bloomberg – It sounds like the mother of all spreadsheets: 1 million rows, 1 million columns — 1 trillion entries in all. Fortunately, Braxton McKee isn’t using Excel. Instead, he’s tapping into the cloud to crunch all that market data […]
Barclays’ Hedge-Fund Financing Unit Feels Executive Churn
WSJ – Several executives in Barclays PLC’s hedge-fund financing unit are leaving to join other firms, the latest sign of churn in global prime-brokerage ranks as banks realign their businesses under new regulatory constraints. Mark Bailey, the global head of […]
Blackstone Said to Sell 25% of Eircom to Hedge Fund Anchorage
Bloomberg – Anchorage Capital Group LLC, a New York-based hedge fund, bought most of Blackstone Group LP’s stake in Eircom Group amid the Irish phone company’s rejection of a multibillion-dollar buyout offer. Blackstone sold a stake of about 25 percent […]
Prudential Starts Retail Hedge-Fund Wager at Quantitative Unit
Bloomberg – Prudential Financial Inc. the second-largest U.S. life insurer, is introducing a product to allow retail investors to bet with strategies favored by hedge-fund managers. The Global Tactical Allocation Fund can invest in commodities and currencies in addition to […]
Who Else Spilled Secrets at Hedge-Fund Party?
Bloomberg – On Monday evening, European Central Bank board member Benoit Coeure told a closed-door reception for hedge-fund traders, economists and fellow central bankers that the bank would probably accelerate bond-buying this month and next, ahead of an anticipated summer […]