Monthly Archives: January 2019
Hedge Fund Titans Baupost, D.E. Shaw Caught in PG&E Value Trap
(Bloomberg) Top hedge funds scooped up or held shares of PG&E Corp. in the third quarter, with the beaten down stock of the California utility appearing to be a good value. Since then it has taken more pounding. Shares fell […]
Hedge Fund Returns Should Be All Over the Place
(Bloomberg) The annual results are starting to roll in from some of the world’s most prominent hedge funds, and a yawning gap is emerging between the winners and the losers. That’s exactly what should happen. The average decline last year […]
Elliott bids $2.07 billion for Permian Basin producer QEP Resources
(Reuters) Hedge fund Elliott Management Corp on Monday offered to buy QEP Resources Inc (QEP.N), which has a big presence in the Permian Basin near major energy producers, for $2.07 billion, or $8.75 per share, 44 percent above the stock’s […]
Cruiser Capital targets Ashland directors, including chairman
(Reuters) Cruiser Capital Advisors said on Monday it wants to replace four directors at chemical company Ashland Global Holdings, including the board chairman. The New York-based hedge fund aims to remove Ashland Chief Executive Bill Wulfsohn from his position as […]
Dan Loeb Still Waiting For Those Shorts To Pay Off
(Dealbreaker) Dan Loeb is nothing if not confident. I mean, sure, there are lots of other words that you could use to describe him.. To read this article:
Are Hedge Fund Dollar Store Dreams A Mirage?
(Forbes) How many hedge funds does it take to turn around a dollar store? At least a half dozen and counting when it comes to Family Dollar, which was taken over in mid-2015 after the scion of company founder Leon […]
Hedge Funds That Returned 20% Show All Is Not Lost
(Bloomberg) As the dust settles on a troubled year for hedge funds, some managers escaped the wreckage and even thrived. SoMa Equity Partners, a $1.2 billion long-short equity fund, rose about 20 percent in 2018, according to an investor document […]
Hedge Fund Sylebra’s Bearish Bets Pay Off Amid Tech Rout
(Bloomberg) A technology hedge fund led by a former Coatue Management LLC partner had its bearish bets vindicated last month amid an industry rout that toppled shares of firms from Alibaba Group Holding Ltd. to Amazon.com Inc. Sylebra Capital Management’s […]
SEC Settles Charges with Previously Barred N.Y. Adviser
(HedgeCo.Net) The Securities and Exchange Commission has agreed to resolve its claims against Walter F. Grenda, Jr., who was charged with violating a July 2015 Commission order barring him from association with an investment adviser and with aiding and abetting […]
‘Don’t stop believin’ in this bull market, PNC says
(CNBC) PNC Financial sees a sustainable relief rally taking shape.According to co-chief investment strategist Amanda Agati, market players who give up on the bull market will get hurt. “It can be very painful to miss out or get too bearish […]
PEGAS closes 2018 with strong spot volumes in December
(Hedgeweek) PEGAS, The pan-European gas trading platform operated by Powernext, has reported another strong month of trading on its spot segment with 95.4 TWh in December 2018. To read this article:
Nasdaq launches US Corporate Bond Exchange
(Hedgeweek) Nasdaq has launched a Corporate Bond exchange for listing and trading of corporate bonds which was approved by the Securities and Exchange Commission (SEC) on 13 November 2018. To read this article: