Monthly Archives: March 2019
UK lawmakers vote to reject a no-deal Brexit
(CNBC)U.K. lawmakers have rejected the idea of leaving the European Union without a Brexit deal in place, setting up another vote Thursday on whether its official departure date should be extended. To read this article:
Hertz Stock Skids 12 Percent after Investor Carl Icahn Discloses a Cut in His Stake
(CNBC) Hertz Global Holdings stock plummeted Tuesday after longtime activist investor Carl Icahn disclosed he has trimmed his stake, selling off roughly five million shares. In a regulatory filing late Monday, Icahn reported ownership of 24.3 million shares of the […]
Former PIMCO CEO Doug Hodge Named in Fraud Complaint alongside Aunt Becky from “Full House”
(Dealbreaker) Federal Prosecutors unveiled the charges related to an investigation they are calling “Operation Varsity Blues,” and more than 50 people are in pretty deep trouble for a systematic scheme of bribing their children into college using fake records and […]
Wedbush Securities Pays $250K To Settle Failure to Supervise Charge
(HedgeCo.Net) The Securities and Exchange Commission announced today that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge in a pending administrative proceeding. According to the SEC’s Wedbush […]
Quant Funds Hit by Misfiring Strategies
(Bloomberg) When it comes to slicing and dicing equities based on their factors, the strategy beloved by quants is exhibiting symptoms of sickness. The challenge is diagnosing how serious it is. This month, Neuberger Berman will become the latest big […]
New ETF Goes a Step Beyond Zero-Fees and Is Paying People to Invest
(CNBC) One fund is going a step further in the race to zero-fee ETFs by paying investors to put money into its new exchange traded fund. Salt Financial filed with the Securities and Exchange Commission on Tuesday to introduce an […]
Deutsche Bank Can Finally Stop Worrying about Being Subpoenaed
(Dealbreaker) We’ve been waiting for this moment for all our lives…or at least since the summer of 2017.And it’s finally here. Someone is finally looking to legally connect the strings between Donald Trump’s money mysteries and Deutsche Bank. The New […]
Lumber Liquidators Charged With Making Fraudulent Misstatements To Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Lumber Liquidators Holdings Inc. for making fraudulent misstatements to investors. The charges stem from Lumber Liquidators’ false public statements in response to media allegations that the company was selling laminate […]
Quantitative easing and the surge in policy uncertainties influence alpha: Lyxor
(Opalesque) The alpha generated by hedge funds, and more generally by active managers, is influenced by multiple factors, pointed out Lyxor in its Weekly Brief.Some factors are cyclicals and reflect macro and markets dynamics. Others are more structural in nature, […]
CTAs and macro make up for losses in merger strategies
(Hedgeweek) The exhausting momentum of the year-to-date rally, ECB’s downward revisions of its economic forecasts and frictions in US-China trade negotiations sent markets in the red this week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. […]
Hedge Fund Firm City Financial Transfers $332 Million to Fund Manager Garraway
(Reuters) Hedge fund firm City Financial has agreed to transfer two funds, which run a total of $332 million in assets, to Garraway Capital Management, a source familiar with the matter told Reuters on Monday. City Financial had completed a […]
Blackstone Infrastructure Partners Closes Purchase of Controlling Interest in Tallgrass Energy
(Business Wire) Tallgrass Energy, LP (NYSE: TGE) and Blackstone (NYSE: BX) today announced that affiliates of Blackstone Infrastructure Partners (“BIP”) have closed the purchase of 100 percent of the membership interests in TGE’s general partner, as well as an approximately […]