Monthly Archives: January 2017
Blackrock Demands Cuts to Executive Pay and Bonuses
(HITC Business) The world’s largest fund manager is threatening to unleash a fresh wave of shareholder rebellions in the UK unless Britain’s largest companies rein in excessive boardroom pay… To read this article
Trump Commerce Nominee Wilbur Ross to Divest Stake In PE Firm
(FinAlternatives) Nominated to be Commerce Secretary in the incoming Trump Administration, distressed investing guru Wilbur Ross has pledged to sell his stake in his main private equity firm and resign from corporate boards in order to prevent potential conflicts of […]
Eurekahedge: Industry AUM Contracts $12.2B in 2016 Despite +4.48% Return
(FinAlternatives) Assets in the hedge fund industry contracted by $12.2 billion in 2016 as persistent redemption pressures resulted in steep net outflows of $42.5 billion for the year, according to the new research from data provider Eurekahedge. To read this […]
Two Settle U.S. Charges on Failing to File Stock Buys With Regulator
(Reuters) Danaher Corp co-founder Mitchell Rales agreed to pay $720,000 to settle allegations that he failed to report stock purchases to the government so that they could be vetted to determine if they violate antitrust law, antitrust enforcers said on […]
Greenlight’s Einhorn Sticks With What He Likes, Raises Stake in GM
(Reuters) David Einhorn’s hedge fund Greenlight Capital, which gained 8.4 percent in 2016, said on Tuesday it raised its stake in General Motors, already the firm’s biggest position, and still likes Apple Inc but is betting that companies like Caterpillar […]
Ex-Goldman Trader’s Macro Hedge Fund Said to Lose 5% in 2016
(Bloomberg) Former Goldman Sachs Group Inc. trader Leland Lim’s macro hedge fund lost 5.1 percent in 2016, even after recovering from steep declines early in the year, according to people with knowledge of the matter. Assets overseen by Lim’s Hong […]
This Hedge Fund Made 37% Betting On Banks In 2016 And Remains Bullish After The Trump Rally
(Forbes) Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the so-called ‘Trump Bump’ because the rally […]
Machine Intelligence and Risk Management, with Jeremiah Lowin
(Harvest) Jeremiah Lowin is probably the smartest guy I know, and that is saying something. He is an expert in the fields of statistics, artificial intelligence, and risk management—among many other things. He is currently the Director of Risk Management […]
This Is The Only Number That Can “Switch Off” The Bull Market
(Harvest) The stock market has enjoyed quite a run since Election Day. But even before Donald Trump surprised the world and won the U.S. presidency, stocks were on an epic run that began in March 2009 at the depths of […]
Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule
(HedgeCo.Net) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges that it overbilled investment advisory clients due to coding and other billing system errors. The firm […]
Some Hedge Funds Strong Start in 2017 Nice Contrast to 2016
(Valuewalk) With the 2016 HSBC Hedge Weekly performance rankings in the books – a year in which the same leader-board entries pretty much dominated unchallenged throughout the year – comes a new leader board that is a hard-scrabble mix of […]
Oil Prices Stall as Hedge Funds Stop Adding to Longs
(Reuters) Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016. Few managers are willing to […]