Monthly Archives: January 2017
7 Unusual Lessons from 20 Years of Investment Failures
(Harvest) He left H&T in 1994 for Optimist Capital where he ran a Merger Arb fund and honed his skills even further, then later at Alexander Miller which became Gold & Sons where he met Tyler Carson – a serendipitous […]
Boston-Area Hedge Fund Accused of Fraud, Misuse of Investors’ Money
(Reuters) A small Boston-area hedge fund operation on Wednesday was accused of running a Ponzi scheme that included spending investor money on liquor, luxury hotels and specialty cars, according to a complaint by the top securities regulator in Massachusetts.Alleged victims […]
Struggling Hedge Funds Still Expense Bonuses, Bar Tabs
(Reuters) Investors are starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader bonuses, lavish marketing dinners and trophy office space. Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs […]
Financial Company Charged With Improper Accounting and Impeding Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission today announced that Seattle-based financial services company HomeStreet Inc. has agreed to pay a $500,000 penalty to settle charges that it conducted improper hedge accounting and later took steps to impede potential whistleblowers. HomeStreet’s […]
Ex-Visium Fund Manager Convicted of Fraud by Manhattan Jury
(Reuters) A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York-based hedge fund’s closure last year. Stefan Lumiere, whose […]
A Hot New Hedge Fund Expects ‘Hundreds Of Billions Of Dollars’ In Tech Deals
(The Business Insider) A hot new hedge fund says the tech industry is up for a wave of deals worth billions of dollars — and it is betting big on companies that could benefit… To read this article:
Fund Managers Burned by Last Commodity Slump Want Back In
(Bloomberg) The year-old commodities boom is drawing the attention of some pension and mutual funds that got burned when the last rally fizzled more than five years ago. They want back in. After seeing the first annual return for raw […]
John Paulson: Increased Long Exposure to Stocks After Trump’s Win
(CNBC) Hedge fund manager John Paulson, who openly supported Donald Trump’s candidacy and played a role in helping to shape his economic agenda, echoed many in the business community who are optimistic about the coming administration’s policies.”An administration that supports […]
Goldman’s Quarterly Profit Quadruples!
(New York Post) Goldman Sachs reported a blow-out final quarter of 2016 on Wednesday, nearly quadrupling its profit on huge gains in trading as the markets reacted to the election of Trump. The bank reaped $2.35 billion in profit during […]
Soros Says Markets to Slump With Trump, EU Faces Disintegration
(Bloomberg) It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from […]
Hedge Funds in 2016
(Preqin) We take a look at the key findings from the forthcoming 2017 Preqin Global Hedge Fund Report, including AUM, asset flows, performance, fund launches and liquidations, plus fund managers’ and investors’ outlook for the year ahead. To read this […]
Hedge Fund Shift From Reviled 2-and-20 Fees Spreads to Asia
(Bloomberg) The hedge fund industry’s shift away from the much-maligned 2-and-20 fee model is gathering steam in Asia. As investors worldwide are balking at hefty fees, Hong Kong hedge funds Myriad Asset Management and Ortus Capital Management are crafting alternatives […]