Monthly Archives: March 2019
EnTrustPermal Rebrands as EnTrust Global
(Hedgeweek) EnTrustPermal – one of the world’s largest hedge fund investors and alternative asset manager headquartered in New York and London – has rebranded the firm as EnTrust Global. “This announcement speaks to our international expansion, as we currently serve […]
Alan Howard’s Hedge Fund Slumps 8.5% in Two Months
(Bloomberg) Hedge-fund manager Alan Howard is having a rough start to 2019 in the fund that he oversees himself, a person with knowledge of the matter said. The Brevan Howard AH Master Fund declined 8.5 percent in the first two […]
World’s Top-Performing Stock Halted After Mysterious 8,500% Gain
(Bloomberg) A Hong Kong stock whose mysterious world-beating surge vaulted it from obscurity into multibillion-dollar investment funds was suspended by city’s securities regulator. China Ding Yi Feng Holdings Ltd., the Hong Kong investment firm whose more than 8,500 percent surge […]
The Hedge Fund Manager Who Bucked the Trend and Became a Billionaire
(Forbes) There are fewer hedge fund managers on The Forbes 400 list of richest Americans than there used to be. The once-swashbuckling industry has been rocked by disappointing returns that have humbled hedge fund stock pickers, activists, macro traders and, […]
Acquisition Advisor Charged with Insider Trading
(HedgeCo.Net) The U.S. District Court for the Central District of California entered a consent judgment against corporate deal advisor Rong Chen, who was charged by the Securities and Exchange Commission with insider trading. In September 2018, the SEC charged Chen, […]
JP Morgan releases 2019 Guide to Alternatives
(Hedgeweek) JP Morgan Asset Management has added a new publication to its Market Insights Program; the 2019 Guide to Alternatives. Much like its sister publication, the Guide to the Markets, the Guide to Alternatives is designed to provide an objective […]
Sub-advisory fund asset growth drivers intact despite Q4 decline, says instiHub
(Hedgeweek) Europe’s sub-advised fund assets declined 7.6 per cent in Q4 2018, and 4 per cent for all of 2018, but the structural growth drivers remain intact and have added EUR7.6 billion net assets from new market entrants, according to […]
CFTC makes whistleblower award totalling more than $2million
(Hedgeweek) The Commodity Futures Trading Commission (CFTC) has announced a whistleblower award totalling more than USD2 million to be paid to an individual whistleblower. To read this article:
Rajaratnam’s $92.8 million SEC civil fine is upheld
NEW YORK (Reuters) – A federal appeals court upheld the U.S. Securities and Exchange Commission’s $92.8 million civil fine against convicted Galleon Group hedge fund manager Raj Rajaratnam, nine months after refusing to shorten his 11-year prison term for insider […]
Apex acquires Atlantic Fund Services
(Hedgeweek) Apex Group Ltd (Apex) has acquired Atlantic Fund Services (Atlantic), a US-based fund administrator serving the traditional and alternative mutual fund market. Apex is a portfolio company of Genstar Capital. To read this article:
Hedge Fund Strategies Experience a Symmetric Move
(Opalesque) In recent weeks, market conditions switched swiftly from panic mode to exuberance mode, says Lyxor in its monthly Hedge Fund Brief.Risk assets bottomed out at the turn of the year, and since then, global equities were up by 15%. […]
German Hedge Fund Advisory Business Resonanz Capital Launches with Mandates Worth more than EUR1bn
(Hedgeweek)Resonanz Capital, a Frankfurt-based hedge fund advisory business led by Vincent Weber, Ivo Zonev and Iliyan Iliev, has launched as an independent business with mandates worth more than USD1 billion. The firm is aiming to establish itself as one of […]