(Reuters) - Struggling retailer Sears Holdings Corp posted a quarterly net loss, and the company said it accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert's hedge fund. The company had...Show More Summary
Activist hedge funds are often seen as the epitome of all that's wrong with capitalism. They cut investment, fire employees, and break contracts to boost the short-term stock price, and cash out before the long-term value destruction comes to light. It's certainly possible to find examples of this. Show More Summary
Beijing-based Anbang Insurance Group is planning an IPO of its life-insurance unit, probably in Hong Kong. Julie Steinberg, Alec MacFarlane and Kane Wu, The Wall Street Journal. Jae C. Hong/Associated Press Why distressed debt hedge funds missed the rebound. Amey Stone, Barrons.com. One of Brazil’s best hedge funds is betting on a fledging recovery for […]
For hedge funds, the news is getting worse. Investors pulled an estimated $25.2 billion from hedge funds last month, the biggest monthly redemption since February 2009, according to an eVestment... To view the full story, click the title link.
2016 has been another bad year for the hedge funds community in particular, and active managers in general (despite the previously noted rebound in performance since the end of Q2 on the back of short covering and major releveraging). Show More Summary
Keith Meister nominated himself and employees of his hedge fund as directors, saying he didn’t have time to come up with an independent slate
Guys attempting to start a skincare routine are often overwhelmed. A new startup is aiming to change that. "We found the industry to be rather convoluted and confusing with just too many choices," Brad Yim, a MIT-trained engineer with...Show More Summary
July was another painful month for hedge funds, as investors redeemed $25.2 billion, according to new data from eVestment, bringing year-to-date outflows to $55.9 billion. The firm likens the pressure on the hedge fund industry to the second half of 2011, when investors yanked $42 billion from the industry in just four months. Show More Summary
A "death put" on a certificate of deposit means that the bond matures immediately upon the bearer's death, rather than when its term runs out: they're used as a form of life-insurance, cushioning the blow to loved ones from unexpected death, and they can be held jointly, so that the bearer's heirs and a third party get a payoff on death. (more…)
The investing world is changing. Money is flowing quickly from actively managed funds to index-tracking funds. Hedge funds are under pressure, with investors yanking an e stimated $25.2 billion from these funds in July, according to eVestment. At the root of all of that is performance. Show More Summary
Och-Ziff Capital Management (OZM) is planning to cut management fees on its main hedge funds, anonymous sources close to the firm say. Och-Ziff will cut the fees on its OZ Master, Asia and Europe multistrategy funds by 25 basis points, as Bloomberg is reporting. Show More Summary
A court won’t reconsider the decision from a three-judge panel that threw out a $1.27 billion fine related to mortgage fraud for Bank of America (BAC). Christina Rexrode, The Wall Street Journal. Reuters A hedge fund startup that’s using funding from Chinese heavyweights to snap up U.S. government debt. Miles Weiss, Bloomberg. A look at […]
WASHINGTON ? In 2015, as talk began to circulate on Capitol Hill of crafting legislation to help Puerto Rico manage its billions in debt, a hedge fund creditor paid a visit to Treasury Secretary Jack Lew’s new special counselor. TheShow More Summary
Keith Meister, a hedge fund investor who once sat on the company’s board, is nominating his own slate as placeholders for candidates to come.