Monthly Archives: January 2019
Hedge Fund Prepares Proxy Fight to Oust Embattled PG&E’s Board
(Reuters)PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors. The […]
Hedge Funds Fired Up on Bets Against Decade-Long Stock Strategy
(Bloomberg)The widening gap between Europe’s cheapest and priciest companies is reviving hopes that beaten-up value shares can break their near decade-long laggard status — and even boost active investing along the way. Risk aversion and slowing economic momentum have pushed […]
BroadRiver Asset Management Expands Senior Executive Team
(HedgeCo.Net) BroadRiver Asset Management, L.P., an investment manager of life settlements and other non-capital-markets assets, announced today that Tony Acquadro has joined the firm as Senior Director of Global Business Development.Acquadro, will leverage the firm’s expertise in accessing and structuring […]
Goldman CEO reveals one of the hardest parts about his job that he never saw coming
(CNBC) David Solomon may have been groomed for his role as CEO of Goldman Sachs, but there was one downside that still came as a surprise to him. “I’ve counseled CEOs for a long time and have had a lot […]
10 Companies Charged For Unlawfully Selling Woodbridge Group Securities
(HedgeCo.Net) 13 individuals and 10 companies are facing charges for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors. Woodbridge collapsed into bankruptcy in December 2017 and the SEC previously charged the company, its owner and others […]
SS&C GlobeOp Forward Redemption Indicator at 2.70 per cent for January
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for January 2019 measured 2.70 per cent, down from 4.86 per cent in December. To read this article:
Net sales of equity funds rebounded in November, says EFAMA
(Hedgeweek) UCITS and AIFs registered net outflows of EUR38 billion in November, compared to net inflows of EUR1 billion in October, according to the European Fund and Asset Management Association’ (EFAMA) latest Investment Fund Industry Fact Sheet. To read this […]
Hedge Funds Fired Up as Stock-Valuation Gap Hits Six-Year High
(Bloomberg) The widening gap between Europe’s cheapest and priciest companies is reviving hopes that beaten-up value shares can break their near decade-long laggard status — and even boost active investing along the way. Risk aversion and slowing economic momentum have […]
Hedge Funds Push for Overhaul at eBay
(Reuters) Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc (EBAY.O) and are pushing for changes including the sale of some of the e-commerce company’s businesses. In a letter to the company’s board, Elliott asked eBay […]
Einhorn’s Greenlight Sells Some Positions, Covers Prominent Shorts
(Reuters) Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors that he had made some changes to the portfolio, including selling Bayer (BAYGn.DE), Mylan (MYL.O)and Perrigo (PRGO.N) last year. Greenlight Capital also […]
Macro Hedge Fund Atreaus to Shut After Raising $2 Billion
(Bloomberg) Macro hedge fund Atreaus Capital is calling it quits, becoming the latest firm to succumb after years of poor performance. The hedge fund will shut its New York and London offices and stop trading in its main money pool, […]
Citadel Hires Goldman’s Marcheggiano to Beef up Macro Unit
(Reuters) Hedge fund Citadel has hired Gilberto Marcheggiano from Goldman Sachs Asset Management to join its global macro strategy team to help build a unit that takes financial positions based on forecasts about major macro events, sources told Reuters. Marcheggiano, […]