Monthly Archives: January 2018
Ex-UBS Banker Gets $306,500 in Suit Over Who Harassed Whom
(Bloomberg) A former UBS Group AG executive in Paris labeled as “aggressive” by his ex-boss was awarded 250,000 euros ($306,500) in an unfair-dismissal fight where both sides accused the other of harassment… To read this article:
Ackman Looks to Persuade Judge $290m Allergan Settlement Is Fair
(New York Post) Bill Ackman is going to try and hold onto a little cash on Tuesday….Lawyers for the embattled hedgie will appear before a federal judge in Los Angeles in an attempt to persuade him the $290 million settlement […]
SS&C GlobeOp Hedge Fund Performance Index: December performance 0.84%
(Opalesque) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2017 measured 0.84%.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.35% in January.”SS&C GlobeOp’s Capital Movement Index for January 2018 showed […]
Alternative Investment Industry Foresees Continued Strength Of U.S. Economy And A Fed Rate Hike In 2018
(Opalesque) With the United States well into its third longest period of economic expansion to date, economists are wondering how long the markets will be able to continue rising and whether or not the seemingly endless surge in the price […]
SS&C to acquire DST for $5.4bn
(Opalesque) SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, and DST Systems, Inc., a provider of proprietary technology-based information processing and servicing solutions, today announced that the companies have entered into a definitive agreement wherein […]
Hedge Fund Ivaldi Shutters After Top Investor Leaves
(Bloomberg) Ivaldi Capital LLP, founded in 2009 by three former Citigroup Inc. prime brokers, is shutting down after its largest investor pulled out, according to a person with knowledge of the matter. The hedge-fund manager led by Chief Investment Officer […]
SEC Reports on Credit Rating Agencies Show Improvements
(HedgeCo.Net) Credit rating agencies under Securities and Exchange Commission oversight show improved compliance, increased information technology resources, and continued competition, according to two SEC staff reports released today on nationally recognized statistical rating organizations (NRSROs). “NRSROs are continuing to display […]
SS&C GlobeOp Hedge Fund Performance Index measures 0.84 per cent for December
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2017 measured 0.84 per cent. To read this article:
Goldman Thwarts Fraud Class Action Tied to Abacus CDO: U.S. Appeals Court
(Reuters) A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as […]
D.E. Shaw Takes Stake in Lowe’s
(Reuters) Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe’s Cos Inc (LOW.N), CNBC reported on Friday, citing sources.D.E. Shaw is concerned about Lowe’s performance relative its peers and is not pushing for […]
Carillion Crisis: Hedge Funds Rake In Tens Of Millions
(The Guardian) Hedge funds and other financial speculators have made tens of millions of pounds by quietly betting that Carillion would run into financial distress. Short-sellers, who make money by gambling that a company’s share price will fall, have been […]
The Only Female Investment Partner At $20 Billion Hedge Fund Canyon Has Left
(The Business Insider) Dominique Mielle, who was a partner and senior portfolio manager at $20 billion hedge fund firm billion Canyon Partners, has left. Mielle was the only female investment partner out of the eight-person senior investment team for Canyon’s […]