Category Archives: Syndicated
Hedge Funds Revel in Volatility as Gains Tag Along
Bloomberg – After posting three straight years of losses that thinned the ranks of hedge funds specializing in currencies, the foreign-exchange market is showing signs of rebounding. Parker Global Strategies LLC’s index of leading currency funds climbed 0.9 percent in […]
Concept Capital Markets, LLC Joins the Hedge Fund Association’s Global Thought Leadership Council
HFA – The Hedge Fund Association (“HFA”), a leading nonprofit trade and nonpartisan lobbying organization, announced today the addition of prominent prime brokerage firm Concept Capital Markets, LLC to its Thought Leadership Council. Concept Capital Markets joins fellow council members […]
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]
SEC Sanctions Donald Brownstein’s Hedge Fund Over Conflicts Of Interest
Forbes – Donald Brownstein’s hedge fund firm has agreed to pay a $300,000 penalty to settle a Securities & Exchange Commission enforcement action that claimed the firm failed to adequately try to prevent conflicts of interest regarding investments in its […]
Manchester United Divides Hedge Funds’ Loyalties
WSJ – Some of Europe’s most powerful hedge fund managers are sharply divided on the outlook for English soccer club Manchester United = PLC, whose share price has declined recently along with its on-field performance. One of the most prominent […]
Hedge fund snapshot: $2.6 trillion in assets in 11,000 funds.
HITC – The research by alternative investment tracking company eVestment aggregated information from 10 databases that collect voluntarily submitted data by hedge funds. After cleaning the data and removing duplicates, eVestment found that there are 7,524 traditional hedge funds, 1,723 […]
Hershkovitz to Leave Post at Israeli Hedge Fund Sphera
Bloomberg – Ori Hershkovitz, head of pharmaceutical research at Sphera Funds Management Ltd., is leaving after seven years of stock-picking at Israel’s largest hedge fund. Hershkovitz, who frequently spoke out against management decisions at Teva Pharmaceutical Industries Ltd. (TEVA), declined […]
Hedge Funds Hunting Clues in Treasury Tax-Inversion Limit
Bloomberg – Tax lawyer Robert Wellen’s telephone keeps ringing with calls from hedge-fund executives he’s never met. They’re desperate for clues about the Treasury Department’s planned crackdown on corporate inversions, overseas mergers that cut companies’ U.S. tax payments. The barrage […]
Why you should avoid the hottest hedge fund hands
CNBC – Investors who don’t have money with Pershing Square Capital Management are likely salivating at the hedge fund’s industry-leading 26 percent return from January through July. But investing with Bill Ackman and other top-performing managers after a great run […]
PwC must face $1 billion lawsuit over MF Global advice
Reuters – A federal judge on Wednesday [Aug. 27] ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run […]
Merck to Comply With Hedge Fund’s Subpoena
New Jersey Law Journal – Merck must hand over internal documents related to its valuation of an osteoporosis drug it developed, thanks to a New Jersey federal judge’s decision. In Biotechnology Value Fund v. Celera, U.S. Magistrate Judge Douglas Arpert […]
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]