Monthly Archives: March 2021
SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges and an asset freeze and other emergency relief against an Irvine, California-based trader who used social media to spread false information about a defunct company, while secretly profiting by selling […]
Billionaire Ackman donates millions of Coupang shares to foundation
(Reuters) Billionaire hedge fund investor William Ackman said on Monday he donated 26.5 million shares in newly public South Korean e-commerce giant Coupang Inc to three entities, including his foundation. Ackman, who runs hedge fund Pershing Square Capital Management, said […]
Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
(Reuters) Warren Buffett’s Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. To read this article:
Hedge Funds Kicked Off 2021 With $49 Billion Sale of Treasuries
(Bloomberg) Hedge funds offloaded the most Treasuries in nine months in January, foreshadowing a selloff in U.S. bonds that occurred just weeks later. The Cayman Islands, seen as a proxy for hedge funds and other leveraged accounts, dumped $49 billion […]
Performance remains top concern for alternative risk premia managers after a turbulent year for the industry
(Opalesque) MJ Hudson announced the publication of the latest Alternative Risk Premia Fund Review that presents an overview of industry performance in 2021 along with selected fund managers’ perspectives on the results and outlook. To read this article:
Ex-H2O and State Street execs unveil ESG-focused macro hedge fund LIOR Global
(Hedgeweek) Jeremy Touboul, a former fund manager at H2O Asset Management, and Raphaël Remond, former CEO of State Street France, have launched LIOR Global Partners, a new sustainability-focused discretionary global macro hedge fund firm. To read this article:
Hedge fund Paretone Capital partners with AnChain.AI
(Opalesque) Paretone Capital, an OTC trading desk and hedge fund with over $2 billion in annual trading volume, announced its partnership with Silicon Valley-based blockchain intelligence provider AnChain.AI. According to a joint press release, the companies formed the partnership to […]
Why this week’s Fed meeting could be ‘March madness’ for markets
(CNBC) Odds are high the Fed will move markets this week, no matter how hard it tries not to. With the surge in interest rates and rebounding economy, the Fed’s easy policies are in the spotlight, and increasingly the question […]
Roaring economy will benefit more than just reopening trades, Credit Suisse analyst says
(CNBC) Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery […]
The Fed must walk a fine line Wednesday as financial markets hang in the balance
(cnbc) A resurgent economy, percolating inflation and a stock market ripping higher don’t seem to make much of a recipe for easy monetary policy. But that’s the position in which the Federal Reserve finds itself. The challenge for the central […]
Texas Investment Adviser and Two Executives Charged in Connection with $17 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Texas-based investment adviser APEG Energy, GP (APEG) and its owners, Patrick E. Duke and Paul W. Haarman, with fraudulently raising more than $17 million for an oil-and-gas investment fund they managed, and […]
How hedge funds have navigated the recent SPACs sell-off
(Hedgeweek) Hedge funds may be better placed to withstand a future performance squeeze in SPACs than other investors, as the recent sell-off in the asset class shed light on vehicle structures and investor-sponsor alignment. To read this article: