Monthly Archives: January 2017
Capital Raising & Distribution in the EU
(Harvest) A meeting of the minds to capture the unique perspectives of industry experts in the alternative space. On behalf of our colleagues at Deloitte (Luxembourg & NY), Agecroft Partners and Fergus Capital, welcome to the inaugural edition of “Maitland […]
Harvard Endowment Gives Boost to Hedge Funds in Return to Basics
(Bloomberg) Not everyone is down on hedge funds. While institutional investors nationwide are trimming them from their portfolios, the world’s biggest academic endowment will soon allocate billions of dollars to the beleaguered sector…. To read this article:
Alibaba Is Blowing It Out of the Water, but It Still Poses Risks
Yahoo News posted on Mon 30 Jan 2017 Permalink Print The deals are further evidence of Alibaba’s transition into a data and technology company, much like Amazon. Meanwhile, other clouds, including an ongoing investigation into the company’s accounting practices by […]
U.S. Brings Charges Over Ponzi Scheme, ‘Hamilton’ Tickets Fraud
(Reuters) U.S. authorities on Friday unveiled criminal charges against two men accused of helping operate a hedge fund as a Ponzi scheme and of swindling investors in a ticket-reselling business for popular events, including the smash Broadway musical “Hamilton.” Joseph […]
Citigroup Paying $18 Million for Overbilling Clients
(HedgeCo.NET) The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts. The SEC’s order finds that at least 60,000 advisory […]
Hedge Funds Load up on Oil Calendar Spread Options to Bet on Rebalancing
(Reuters) Hedge funds are betting heavily that crude oil markets will move into a supply deficit and start to draw down excess stockpiles in 2017. Hedge funds and other money managers have amassed net long positions equivalent to 160 million […]
Mediatrix Capital Fund Ltd. Launches as Bloomberg-listed Hedge Fund
(HedgeCo.NET) Mediatrix Capital Fund Ltd. launched today as a Bloomberg-listed (Bloomberg Ticker: MCFCLAA BM) , closed-end hedge fund administered by Sterling Fund Services, audited by KPMG, and domiciled in the Bahamas. Parent company Mediatrix Capital will raise $1 billion in […]
The Asset-Liability Mismatch for Money Managers
(FINalternatives) Illiquid assets have grown immensely as an asset class, but the process of selling them – especially in the midst of large market dislocations – remains neither easy nor straightforward, explains Jeff Hammer and Paul Sanabria of Houlihan Lokey. […]
China’s Cotton Demand Sparks Near-Record Bull Bet for Hedge Funds
(Yahoo) China’s voracious demand for cotton is sparking the fiber’s best rally in six months. Chinese buyers have committed to purchasing almost five times more American cotton than at this time last year, the U.S. government said in a report […]
Ex-Jefferies Bond Trader Convicted Of One Fraud Charge, Acquitted Of Nine
(FINalternatives) Former Jefferies Group bond trader Jesse Litvak has been found guilty for a second time for defrauding customers on bond prices, but acquitted on nine of the 10 counts he faced in a closely-watched federal trial about how traders […]
Paul Singer’s Elliott: ‘8 Years of Growth-Repressive and Distorted Fiscal and Monetary Policies’ are Coming to an End
(The Business Insider) Elliott Management, the $31.6 billion New York hedge fund run by Paul Singer, sees a major change coming to the financial markets as a result of President Donald Trump’s election. It’s just too soon to know exactly […]
Elliott Sells Stake in Meggitt After Failing to Find Buyer
(The Telegraph) American hedge fund Elliott has quietly sold down its stake in British aerospace supplier Meggitt after struggling to engineer a bid for the £3.3bn company. The US activist investor revealed in August it had built a 5.2pc holding […]