Monthly Archives: January 2018
BNP Paribas Asset Management launches Global Equity Absolute Return Strategy
(Opalesque) BNP Paribas Asset Management (BNPP AM) announces the launch of Parvest Global Equity Absolute Return Strategy (Parvest GEARS), a sub-fund of the Parvest UCITS V SICAV registered under Luxembourg law. With equity valuations considered expensive at current market levels […]
Lawsuit: TCW Fired Female Fund Manager For Alleging Sexual Harassment
(Reuters) TCW Group Inc, one of the largest U.S. asset managers, is being sued by a prominent female hedge fund manager who said she was fired in retaliation for complaining about being sexually harassed and “coerced” into sex by her […]
Comvest Credit Partner Closes Fourth Direct Lending Fund
(Opalesque) Comvest Credit Partners announced today the final close of Comvest Capital IV, L.P. and affiliated funds, with total equity commitments of $836 million, exceeding the initial fundraising target of $650 million. Together with fund-level leverage, total available capital is […]
Goldman Denies Reports It Is Setting Up A Bitcoin Trading Desk
(Investopedia) Investment bank Goldman Sachs has denied earlier reports that it was planning to start a bitcoin trading desk this June. “What we said was we were opening – we, we’re clearing futures in bitcoins for some of our futures […]
Dell Considering a Sale to VMware In What May Be Tech’s Biggest Deal Ever
(CNBC) VMware could buy Dell in massive reverse-merger, sources say. Dell currently owns 80 percent of Vmware. The deal would give Dell shareholders a way to profit from having taken Dell private in 2013 and help pay off some debt…. […]
SEC Halts Alleged Initial Coin Offering Scam
(HedgeCo.Net) The Securities and Exchange Commission obtained a court order halting an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund what it claimed to be the world’s first “decentralized bank.” According to the SEC’s complaint, filed […]
Edward Lampert: From Hedge Fund Star to Sears CEO
(Harvest) Edward Lampert is the founder and chairman of ESL investments which manages RBS Partners, a hedge fund that invests in public equities. He is also CEO and chairman of Sears Holdings (NasdaqGS: SHLD), owner of Sears and Kmart. He […]
Six Accountants Charged with Using Leaked Confidential Data
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their participation in a […]
Macro Hedge Fund That Made 47% Says Dollar Isn’t Done Falling
(Bloomberg) Former Credit Suisse Group AG trader Charlie Chan, whose macro hedge fund surged 47 percent last year to beat rivals, is holding on to bearish bets on the dollar. For now. Chan’s Splendid Asia Macro Fund, with just under […]
Crypto Hedge Fund Polychain Says It Won’t Proceed With IPO
(Bloomberg) Polychain Capital, the crypto hedge fund backed by venture firms Sequoia Capital and Andreessen Horowitz, has decided not to go public in Canada after holdings talks with bankers about an initial public offering. To read this article:
Brevan Howard Taps Eurobank Economist Monokroussos to Run Greek Ops
(Reuters) Eurobank’s chief economist Platon Monokroussos is leaving the bank to join hedge fund firm Brevan Howard, sources at Greece’s third-largest lender by assets told Reuters on Monday. Founded in 2002 by former Credit Suisse traders Alan Howard, Jean Philippe […]
Lawsuit Claims TCW Fired Female Fund Manager For Alleging Sexual Harassment
(Reuters) TCW Group Inc, one of the largest U.S. asset managers, is being sued by a prominent female hedge fund manager who said she was fired in retaliation for complaining about being sexually harassed and “coerced” into sex by her […]