Category Archives: Syndicated
Hedge fund CEO gives $2.5M to Rauner campaign
AP – A Chicago hedge fund CEO’s $2.5 million donation to the campaign of Republican candidate Bruce Rauner has been termed the largest single donation in an Illinois governor’s race in the post-Watergate era. Campaign disclosure records show 45-year-old Citadel […]
3 of the biggest hedge fund failures ever
USA Today – Rule No. 1 of investing, as Berkshire Hathaway chairman and CEO Warren Buffett famously put it, is to never lose money; rule No.2 is never forget rule No. 1. As intuitive as this rule is, it’s not […]
How one hedge fund titan could bankrupt Argentina
NYPost – On the surface, the 11-year-old battle between one 69-year-old New York hedge fund mogul and Argentina seems hardly fair — especially when several other countries joined the fight and lined up alongside the South American country. But today, […]
Activist Hedge Funds Make A Major Comeback In May
ValueWalk – Hedge funds had a decent time in May. During the month, all major strategies showed a positive return except for managed futures. The monthly report from eVestment found that the average return of a hedge fund was 1.23% […]
San Francisco tables hedge fund discussion for 90 days
Pensions & Investments – San Francisco City & County Employees’ Retirement System Chief Investment Officer William Coaker Jr. will have to wait at least 90 days before the pension fund’s board passes judgment on his plan to invest 15% of […]
Ex-John Thomas hedge fund manager loses bid to toss SEC case
Investment News – Houston hedge-fund manager George Jarkesy Jr. must face a Securities and Exchange Commission case in which he was accused of steering bloated fees to the John Thomas Financial Inc. brokerage. Mr. Jarkesy lost a bid to throw […]
SEC Announces Charges Against Wedbush Securities and Two Officials for Market Access Violations
The Securities and Exchange Commission today announced charges against a Los Angeles-based market access provider and two officials accused of violating the agency’s market access rule that requires firms to have adequate risk controls in place before providing customers with […]
US Supreme Court to review Argentina hedge fund battle
AFP – The US Supreme Court will discuss Thursday whether to hear a challenge from Argentina against hedge fund investors, a case that could hold deep ramifications for the global sovereign bond market. Argentina sought the highest US court’s intervention […]
Fivestar Plans Dollar-Based Japan Hedge Fund to Lure Foreigners
Bloomberg – Fivestar Asset Management Co., a Japanese investment firm, plans to start a dollar-based hedge fund that will invest in Japanese stocks, amid growing interest in the market from foreign investors. Fivestar is seeking to raise 10 billion yen […]
Apsley forges alliance with major insurer to distribute and market its unique AIFMD insurance product
Insurance provider Apsley Specialty (“Apsley”) has joined forces with Lloyd’s Pembroke Syndicate 4000 to provide capacity for its insurance offering to the alternative asset management sector. Pembroke, a wholly owned subsidiary of Ironshore Inc., operates as a syndicate within the […]
U.S. wins first guilty plea from individual in LIBOR probe
HedgeWorld – A former Rabobank NV trader pleaded guilty on Tuesday [June 10] for his role in manipulating LIBOR, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks. Takayuki Yagami, a […]
Red Kite reassured about Chinese metals financing probe
Reuters – Metals merchant and hedge fund Red Kite Group sees the apparent lack of further problems uncovered during a Chinese investigation into metals financing as a good sign, founding partner David Lilley said on Tuesday [June 10]. The probe […]