Which would be a marked departure from the hedge fund's previous way of doing business.
The $39 billion hedge fund is expected to enter into a deferred-prosecution deal and pay a fine, according to people briefed on the matter.
Discussing the present and future of the embattled hedge fund industry, Tiger Management's Julian Robertson - one of the most prominent names in the field - said that hedge funds are facing "the most difficult time I've ever seen inShow More Summary
America’s most hated villain Martin Shkreli is currently auctioning off a chance to punch him in the face – for charity. The former hedge fund manager that came to notoriety after making a life-saving drug virtually unaffordable announced the offer via Twitter, inviting interested parties to contact him with their bids. Show More Summary
Links to the best reading in funds investing: MarketAxess Holdings (MKTX), an electronic bond-trading platform, is elbowing into the market formerly owned by big dealers — Joe Rennison, Financial Times Blue Apron, the company the delivers uncooked ingredients to your house for you to cook, is looking to go public --Alex Barinka and Kiel Porter, […]
Julian Robertson, the legendary hedge fund manager behind Tiger Management, thinks there are central bank-fueled bubbles all over financial markets right now. " We don't have negative rates here in the States yet, but i think it's tragic that we've taken rates down this far," said Robertson at Bloomberg's Surveillance Primetime event. Show More Summary
In case you missed it: Richard Perry, an old-school hedge funder, is hanging up his spurs. Perry told clients on Monday that he will wind down his flagship fund, lamenting in a letter that “market headwinds” and the broad trend for investors to move away from hedge funds has complicated the game, according to various […]
Here's something that may actually be priced at free market value. Former hedge fund manager and Turing Pharmaceutical CEO Martin Shkreli is now auctioning off an opportunity to punch him in the face.
It used to be that a quick walk around downtown Greenwich could pass for an exotic car show but those days seem to be coming to an end as hedge fund returns have suffered and, as one jewelry store owner points out, "one doesn’t wantShow More Summary
Brevan Howard is gonna try something different.
Links to the best reading in funds investing: Macro hedge funds are struggling, raising bigger questions about whether traditional gauges of market stress are outdated –Lisa Abramowicz, Bloomberg Changes coming for the VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) — Chris Dieterich, Barron’s It’s difficult to see what will slow the rise of […]
Submitted by Wayne Madsen via Strategic-Culture.org, Global hedge fund tycoon and political provocateur George Soros is leading a war of symbols, namely flags and banners either resurrected or conjured up by his myriad non-profit groups, to stir religious, racial, and ethnic tensions the world over. Show More Summary
As a very observant Charlie McElligott of RBC points out, lost in a sleepy Friday morning session, there was a sneaky trade in November Fed Funds Futs (FFX), where somebody bot 9962 Calls in what was essentially a ‘Trump Hedge’ lotto-ticket...Show More Summary
Perry Capital, an iconic hedge fund firm, is shutting its flagship fund after 28 years, according to Bloomberg News. The fund has suffered from poor performance and a changing management structure. Perry manages about $4 billion, down...Show More Summary
The writing was on the wall three weeks ago when we reported that iconic hedge fund Perry Capital had lost some 60% of his AUM as LPs were rushing to withdraw their money. Richard Perry As we reported on September 10, citing Bloomberg,...Show More Summary
Brevan Howard, among Europe’s largest hedge funds and one of the industry’s oldest, is cutting the management fee it charges on its flagship strategy for existing shareholders. Juliet Chung at The Wall Street Journal reports that the global-macro-oriented Master fund won’t charge current investors any management fee, relying only on a 20% performance fee on […]
The agency claims that the hedge fund manager Leon Cooperman breached a duty of trust by trading on confidential information.
Jamie Sterne has raised $75 million for his new hedge fund. No big deal, you might think. There are hundreds of hedge fund launches every year. Except Jamie Sterne is just 28 years old. Sterne launched Skye Global Management in July, according to a person familiar with the matter. Show More Summary
Insider trading charge The Securities and Exchange Commission last week charged Leon Cooperman and his firm, Omega Advisors, one of the oldest hedge funds, with $5.5 billion in assets under... To view the full story, click the title link.