28th Feb 2020 - 10:02am
Celsius Network and Stonegate Global Fund Administration partner to support Crypto investment fund managers
28/02/2020 - 10:02am
Celsius Network, a cryptocurrency lending platform with - SHARE ARTICLE
28th Feb 2020 - 9:59am
Pretium acquires investment management business of Latigo
28/02/2020 - 9:59am
Pretium Partners has acquired the investment management business of Latigo, a fund manager that specialises - SHARE ARTICLE
Following a challenging 2019 in which investors pulled approximately $100 billion from the global hedge fund industry, 2020 is starting off on a positive note, with investors adding $10.38 billion to the hedge fund business, according to the just-released - SHARE ARTICLE
By Don A Steinbrugge, Founder and CEO, Agecroft Partners – Over the past decade, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. Evestment estimates that almost 60 per cent of industry - SHARE ARTICLE
Over the past decade, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. Evestment estimates that almost 60% of industry assets are ... - SHARE ARTICLE
It was a moment that should have been a win for environmentalists and sustainable-minded investors alike: a fossil fuel investment vehicle named for late oil tycoon T. Boone Pickens was transforming into a renewables fund to take advantage of interest in - SHARE ARTICLE
"What you do speaks so loudly that I cannot hear what you say." - Ralph Waldo Emerson On Thursday, February 20, Morgan Stanley (MS) announced its acquisition of E*Trade (ETFC) for $13 billion in a billiard move that simultaneously 1) responds to the rec - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Demand and awareness for female representation in venture capital is increasing each year, revealed Preqin.
In 2019, women-owned firms in the US closed 41 funds for just under $3bn in aggregate, which compares with a total of - SHARE ARTICLE
By Aaron Filbeck, CFA, CAIA, CIPM, Associate Director, Content Development at CAIA Association Excerpted from the Alternative Investment Analyst Review, Volume 8, Issue 1 The Alternative Investment Analyst Review is the official publication of the CAIA As - SHARE ARTICLE
Four of the seven top investment professionals brought in to bolster Japan Post Bank's $2 trillion portfolio have now left the bank, as the former state-owned giant rolls back plans for a more aggressive investing approach. - SHARE ARTICLE
Bailey McCann, Opalesque New York for New Managers: Fineo Absolute Return fund has launched on the RCube Asset Management Platform. The French AIF strategy uses artificial intelligence and quantitative tools to analyze option price moves and make short te - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Traditional asset managers reported institutional assets under management of $26.9 trillion through Q4 2019 to eVestment.
According to the report by eVestment, net institutional flows totaled -$59.4 billion in the most recent - SHARE ARTICLE
Laxman Pai, Opalesque Asia: While Europe saw a banner year of fintech funding in 2019, Asia saw relatively strong funding compared to historical norms, revealed a study.
Europe set a new record for fintech funding - attracting $58.1 billion in investment - SHARE ARTICLE
Bailey McCann, Opalesque New York for New Managers: Investcorp and HC Technologies are partnering to launch a new quant firm - HC Capital Advisors. HC Technologies is a quantitative and algorithmic trading firm. HC Capital Advisors is a multi-manager plat - SHARE ARTICLE
QED Investors fintech-focused venture firm has raised $350m for its latest fund
QED Investors, a leading boutique venture capital firm focused on investing in early-stage, disruptive financial services companies, announced that it closed a significantly - SHARE ARTICLE
From CMC Markets: Ray Dalio's Bridgewater Associates - the world's largest hedge fund with more than $160bn in assets under management - struggled to beat market returns in 2019 on a number of funds while the industry recorded its best annual performance - SHARE ARTICLE
Pennsylvania State Employees commits $500m to alternatives
From PIonline.com: Pennsylvania State Employees' Retirement System, Harrisburg, committed up to $500 million to four alternatives funds, confirmed Pamela Hile, spokeswoman for the $30.9 billion - SHARE ARTICLE
How hedge funds were positioned for the market selloff
From Institutional Investor: A look at the market exposure levels of funds including Tiger Global, Greenlight, Third Point and Horseman.
Were hedge funds prepared for the stock market's sharp sellof - SHARE ARTICLE
iM Global Partner appoints Philippe Uzan as chief investment officer
Opalesque Industry Update - iM Global Partner announces the appointment of Philippe Uzan as Deputy CEO and CIO Asset Management. He will be in charge of managing the iM Global Partner f - SHARE ARTICLE
From Market Watch: Only a week ago market pundits were still telling investors to fade the panic from the COVID-19 outbreak. But Tracy Chen didn't share in the optimism. The fund manager for Brandywine Global said an array of "alternative&quo - SHARE ARTICLE
Actor Steven Seagal settles SEC cryptocurrency charges
From WSJ: Martial-arts actor Steven Seagal has settled charges brought by U.S. securities regulators that allege he didn't disclose payments he received for promoting an investment in an initial coin - SHARE ARTICLE
Opalesque Industry Update - Canadian asset managers Roundtable Capital Partners Inc. and Barometer Capital Management Inc. are to merge.
The combined entity will operate as Barometer Capital Management Inc. with total assets of approximately $1.5 billion - SHARE ARTICLE
Boris Johnson gives EU four months to make a Brexit deal - or he walks
From Bloomberg: U.K. Prime Minister Boris Johnson told the European Union he'll walk away from the negotiating table in June if it's not clear he's going to get a Canada-style trade a - SHARE ARTICLE
Southeast Asian startup funding down 30% amid tougher scrutiny
From Nikkei: The flow of funds to startups in Southeast Asia is slowing as global investors take a harder look at new companies and their prospects for growth.
Investment in startups in the - SHARE ARTICLE
Majority of private equity and VC staff are 'dissatisfied' with pay
From Institutional Investor: More than two-thirds of private equity and venture capital professionals earned more than $200,000 last year, according to a report on 2019 pay trends from B - SHARE ARTICLE
Women still account for less than 20% of alternative assets employees
Opalesque Industry Update - Representation has improved over the last two years, but a strong imbalance remains, according to Preqin, a provider of data, analytics and insights to the - SHARE ARTICLE
We trust Larry Kudlow is loading up on pandemic bonds right now.There have been all sorts of way to lose money on the coronavirus panic. Stocks, obviously, with the S&P 500 down 10% over the last six days, and some stocks—say, Tesla—doing even worse. - SHARE ARTICLE
Barac Capital Management letter to investors for the fourth quarter ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more Dear All, The aggregate performance of Barac Capital Management’s (“BCM”) separately-managed-accounts (“SMAs”)12 - SHARE ARTICLE
When costs rise in a near-straight line for greater than a decade, the clear temptation is solely to guess on them shifting greater nonetheless. The market fallout from the coronavirus is now exposing traders who overcommitted themselves to those lengthy - SHARE ARTICLE
Even with the growth, smaller providers are finding it tough to compete when the lion’s share of new investment is flowing to the world’s biggest managers that charge the lowest fees like BlackRock Inc. and Vanguard Group. - SHARE ARTICLE
JDP Capital Management's annual letter to investors for the year ended December 31, 2019. Q4 2019 hedge fund letters, conferences and more Dear JDP Partner, Two thousand and nineteen was a strong year of profitable growth for all of our portfolio companie - SHARE ARTICLE
If he survives the cancer sticks, he sure as hell doesn’t want to die of some trumped-up flu.You’d think that if Jim Simons was going to put his family’s money up to end a deadly disease, it would be lung cancer. But no: Jim Simons already knows how to st - SHARE ARTICLE
Investors are slashing their exposure to hedge fund products at the “worst possible time”, says Man Group’s Pierre-Henri Flamand, amid signs that the long bull market run is starting to run out of steam – throwing up new opportunities for actively-managed - SHARE ARTICLE
But don’t worry, little stagecoach drivers: Jamie Dimon’s son-in-law is figuring out how to fix all of those broken wooden wheels.It feels safe to say that Wells Fargo is a pretty miserable place to work these days. The hateful or pitying looks from custo - SHARE ARTICLE
We have listened to reader advice and now have the ability to sort quarterly hedge fund letters by date and by letter, so you know when this was last updated and can see the updates right away. Do you like this feature? Do you have any suggestions? We lov - SHARE ARTICLE
Canyon Distressed Opportunity Fund III is the latest offering from distressed debt investor Canyon Partners. The fund follows Canyon Distressed Opportunity Fund II, which began investing investors' money at the end of August 2016. Q4 2019 hedge fund lette - SHARE ARTICLE
Alkeon Growth Partners has achieved possibly best track record of any growth fund over the past two decades. Since its inception, on January 5, 1998, to the end of January 2020, the Growth strategy has returned 14.06% annualized and 1727.4% on a cumulativ - SHARE ARTICLE
Stockholm (HedgeNordic) – The sell-off in stocks across the globe has taken a pause after several days of heavy losses caused by investor concerns around the possible economic damage from the spread of the coronavirus. “The markets will be controlled by t - SHARE ARTICLE
A US hedge fund Moon Capital Management has asked media mogul Subhash Chandra to sell his shareholding in the Essel group’s education arm, Zee Learn to make room for a change in management, Bloomberg - SHARE ARTICLE
Coronavirus isn't that badThe Opening Bell is powered by The Water Coolest. You can sign up for TWC's full, daily email newsletter here. In the meantime, check out one of the features from today's editi The post appeared first on dealbreaker..DYING FOR A RIDEA weird dystopia where a potent - SHARE ARTICLE
The $15.2bn-managing School Employees Retirement System of Ohio has scrapped its dedicated hedge fund investment allocation in favour of a new allocation to private credit and a boost to its private equity allocation. - SHARE ARTICLE
27th Feb 2020 - 9:32am
Spain’s Azvalor appoints Senior Analyst
27/02/2020 - 9:32am
Spanish value manager Azvalor has appointed Paul Gait as a Senior Analyst in the UK. Gait joins Azvalor from Sanford Bernstei - SHARE ARTICLE
Keith Black, PhD, CFA, CAIA, FDP, Managing Director of Content Strategy at CAIA Association Do you want to be in the room where it happens, when “The Smartest Guys in the Room”* are plotting their fraud and trying to prevent the demise of Enron? Look arou - SHARE ARTICLE
Strong performance alone will not attract assets, says Donald A. Steinbrugge, founder and CEO of Agecroft Partners:
Over the past decade, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest bran - SHARE ARTICLE
Laxman Pai, Opalesque Asia: US-based venture capital funds have posted double-digit median net internal rate of return (IRR) from vintage 2010 onwards, said a report by Preqin.
The high of 18.9% for vintage 2016 funds indicates early increases in the unre - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Operating margins for traditional publicly traded U.S. money managers fell by more than 20% over the five years ended Dec. 31, said a report.
However, the balmy market environment generated equity returns of nearly 60% over the - SHARE ARTICLE
Laxman Pai, Opalesque Asia: The US set a new record for fintech funding in 2019, with $59.8 billion in investment compared to $58 billion in 2018, according to the 'Pulse of Fintech ', a report by KPMG.
According to the report, the top deals in the US in - SHARE ARTICLE
Bailey McCann, Opalesque New York: Ridgewood Infrastructure has closed its debut fund - Ridgewood Water Strategic Infrastructure Fund at the $600 million hard cap. The vehicle beat its $500 million target.
Ridgewood Infrastructure invests in essential - SHARE ARTICLE
The Global Investor Confidence Index increased to 77.9, up 2.5 points from January's revised reading of 75.4, said State Street Global Markets. The North American ICI increased 2.4 points to 68.6 and the European ICI rose from 105.7 to 111.1, a 5.4 point - SHARE ARTICLE
Opalesque Industry Update - New research from ETF provider GraniteShares reveals 81% of institutional investors expect the use of leveraged investment strategies to increase over the next five years.
Similarly, 58% predict the level of shorting of UK stoc - SHARE ARTICLE
Corsair Capital raises $1bn for fifth fund
From PE News: Financial services investor Corsair Capital has raised $1bn for its latest private equity fund, after some two years of collecting capital.
The New York-based firm met the fund's $1bn target and ha - SHARE ARTICLE
Hedge funds following relative value or event-driven approaches experienced a bumper year in 2019 but those with a macro emphasis found themselves on the wrong side of returns.
That is according to sector research undertaken by C eacute;dric Vuignier, hea - SHARE ARTICLE
New Mexico State Investment Council allocates $308m
From PIonline.com: New Mexico State Investment Council, Santa Fe, committed a total of $308 million to four alternative investment funds, said Charles Wollmann, spokesman for the $27.9 billion endowmen - SHARE ARTICLE
Pot stock short sellers seeing green again
From Institutional Investor: Pot stocks have been among the hardest hit during this week's market swoon, giving short sellers a boost - and adding some pain to the hedge funds that own them. At the end of Monda - SHARE ARTICLE
UBS' multi-strategy arm hires abs return CIO and team
From City Wire: UBS O'Connor - the Swiss group's multi-strategy hedge fund manager - has hired Ken Geren as chief investment officer for absolute return and on-boarded his former team from Point72 Ass - SHARE ARTICLE
Blockchain investment: If you can't bit them, join them
From Finance Asia: Amid a global regulatory clampdown, the founder of CoolBitx explains why compliance in the blockchain industry is exciting investors. Although a departure from the core values of - SHARE ARTICLE
Privacy study: Brave browser smacks down Chrome, Firefox Safari
From Coin Telegraph: A privacy expert who compared some of the most popular browsers on the market reached an unambiguous conclusion: Brave trumps competition.
Trinity College Dublin's cha - SHARE ARTICLE
Icelandic pension assets to reach three times annual GDP in few years
From IPE: The funded Icelandic pension system - already the world's third largest relative to gross domestic product (GDP) - is set to more than double in size in the next few years, w - SHARE ARTICLE
Indian startups gets a surged Chinese VC investment
Globally, there has been a surge in Venture Capital (VC) investment in space startups; however, Indian Venture Capitalists (VCTs) have still been reluctant to invest to the same extent as their counterp - SHARE ARTICLE
From PIonline.com: The majority of North American and European institutional investors don't believe that their money managers are up to date with their technological capabilities, according to a report from investment consultant Greenwich Associates.
The - SHARE ARTICLE
Investors fail in legal attempt to force FX disclosure from banks
From FT: A UK court has declined a request from some of the world's largest investors that were seeking to force a group of banks to widen a search for data about their currencies-trading - SHARE ARTICLE
The 172-year-old life insurer, which is mainly focused on Asia, has been considering options to reduce its exposure to Jackson, its US annuities specialist. This could include a sale to a rival. - SHARE ARTICLE
We have listened to reader advice and now have the ability to sort quarterly hedge fund letters by date and by letter, so you know when this was last updated and can see the updates right away. Do you like this feature? Do you have any suggestions? We lov - SHARE ARTICLE
This is getting exhausting.We will admit that we briefly got our hopes up when we saw that Jamie Dimon wouldn’t be financing any more drilling in the great (decreasingly) frozen North. Not because we think he’s helping save the planet: That ship has long - SHARE ARTICLE
The human counter indicator lives!Jim Cramer—known to one of the personalities in his head as Jimmy Chill—is a touch worried about all of these people getting the sniffles.Well, his old buddy has to say that Cramer isn’t living up to his self-anointed nic - SHARE ARTICLE
North Peak Capital, a hedge fund that prides itself on its private equity approach to investing in public markets, is bullish on shares of APi Group, an OTC safety systems company backed by serial dealmaker Martin Franklin. - SHARE ARTICLE
Eversheds Sutherland has been named Best Law Firm at the HedgeWeek European Awards 2020. The annual awards recognise excellence among hedge fund managers and service providers across Europe. The nominations are based on a 'peer review system' whereby read - SHARE ARTICLE
Nothing else is solid or steadfast in Switzerland but an in-house hedge fund.Suffice it to say there are neither safe nor, frankly, good jobs at either of the two major Swiss banks these days. That is, with one exception: their internal hedge funds. Every - SHARE ARTICLE
Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday. - SHARE ARTICLE
The Hedgeweek European Awards 2020 recognise excellence among hedge fund managers and service providers, and celebrates the achievements of firms that contributed to another significant year for the sector. - SHARE ARTICLE
A hedge fund manager is firm or an individual who manages, makes investment decisions, and oversees the operations of a hedge fund. Managing a hedge fund can be an attractive career option because of ... - SHARE ARTICLE
The city fined Burlingame Investments $10,000 for trying to rent out a house on Spray Street for a ten-day period. Although Burlingame paid the fine, they filed an appeal in Monterey County Superior Court saying they technically didn't violate the ci - SHARE ARTICLE
26th Feb 2020 - 5:09pm
GDF partners with FS Vector and makes senior appointments
26/02/2020 - 5:09pm
Global Digital Finance (GDF), an industry body advocating and accelerating the adoption of digital assets, - SHARE ARTICLE
Investcorp, a global provider and manager of alternative investment products, and HC Technologies (HC Tech), a global technology-driven quantitative and algorithmic trading firm, are partnering to launch HC Capital Advisors. - SHARE ARTICLE
26th Feb 2020 - 5:04pm
Triad Securities Corp adds execution algos from BestEx Research
26/02/2020 - 5:04pm
Triad Securities, a full-service, agency-only brokerage firm, has partnered with BestEx Research Grou - SHARE ARTICLE
26th Feb 2020 - 5:01pm
UBS O'Connor hires MD and CIO for new absolute return strategy
26/02/2020 - 5:01pm
UBS O'Connor (O'Connor), the multi-strategy hedge fund manager within UBS Asset Management, has hired - SHARE ARTICLE
26th Feb 2020 - 4:53pm
Simcorp teams with machine-learning start-up Alkymi
26/02/2020 - 4:53pm
Simcorp has made an investment in start-up Alkymi as part of a new machine-learning initiative aimed addressing t - SHARE ARTICLE
New research from GraniteShares found institutional investors expect the use of leveraged investment strategies to increase and predict the level of shorting of UK stocks by hedge funds to become more prevalent. - SHARE ARTICLE
PARK CITY, Utah, Feb. 26, 2020 /PRNewswire/ -- Alpha Wealth Funds reports that two of its three hedge funds were included in the list of the Top Ten performing hedge funds in the world in 2019 by... - SHARE ARTICLE
At Alternative IQ's Exclusive 'Winners Showcase Investor Conference' in Toronto, Investors, Advisors and Industry Experts Examine 6 Award-Winning Canadian Hedge Fund Strategies.marketscreener.com - SHARE ARTICLE
Stockholm (HedgeNordic) – Stockholm-based asset manager Kredifonden keeps expanding its team as assets under management continue to rise. After announcing the hiring of Arnar Vidarsson in early February, the asset manager has just announced that Johan Nob - SHARE ARTICLE
Saba Capital has been picking up closed-end funds at some deep discounts. In a recent presentation, Boaz Weinstein's $1.9 billion fund highlighted just one of the three main strategies it follows. Saba has been investing in closed-end funds since October - SHARE ARTICLE
Changing of the BobsThe Opening Bell is powered by The Water Coolest. You can sign up for TWC's full, daily email newsletter here. In the meantime, check out one of the features from today's editi The post appeared first on dealbreaker..NOT AS IT SEEMSTo say Disney had an eventful Tuesday - SHARE ARTICLE
From the new UK chancellor’s career background to the latest campaigns from the best-known US managers, activist hedge funds are firmly back in the spotlight, not least after a stellar 12 months of performance. - SHARE ARTICLE
26th Feb 2020 - 10:02am
Axicorp, FXCM and Velocity Trade partner with TrueFX to provide sponsored access to buyside FX market participants
26/02/2020 - 10:02am
TrueFX, a purpose-built OTC market designed for - SHARE ARTICLE
Prudential could lose its primary listing in the UK and its coveted FTSE 100 status under a plan by Third Point, a hedge fund, to break it into two separate businesses. Such a move could spark a row ... - SHARE ARTICLE
A secretive hedge fund that’s been quickly amassing troubled taxi medallion loans has sat down with an advocacy group seeking to save drivers from drowning in debt and losing their cabs, The Post h… - SHARE ARTICLE
Pattern Energy's planned $6.1 billion sale to the Canada Pension Plan Investment Board is fraught with conflict and undervalues the company, a hedge fund said in a proposed class action filed Tuesday in Delaware federal court. - SHARE ARTICLE
In 2015 the United Nations defined 17 Sustainable Development Goals [no poverty, no hunger, health & well-being, etc.] along with 169 targets that were devised to allow for quantitative measurement of progress. It also set 2030 as the bull’s eye for t - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Hedge fund industry assets under management (AUM) reached an all-time high at the end of 2019, with performance gains helping to offset negative capital flows and push total assets to $3.66tn, the industry has grown by 5.9% sin - SHARE ARTICLE
Tivity Health, which owns diet management company Nutrisystem and fitness and health programs for seniors, said on Tuesday it agreed for hedge fund HG Vora to recommend two directors to its board. - SHARE ARTICLE
Laxman Pai, Opalesque Asia: All the top five venture capital (VC) funded companies in the global emerging tech space in 2019 were from the Asia-Pacific (APAC) region.
According to GlobalData compilation, among the top five, Chinese and Indian companies oc - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Global fintech investment fell short of 2018's record year, with $137.5 billion invested across 2,693 deals in 2019 compared to $141 billion in 2018, said a report.
According to the Pulse of Fintech H2, a report by KPMG, globa - SHARE ARTICLE
From Bloomberg: Former Goldman Sachs Group Inc. investment banker Klaus Umek has a simple strategy for his hedge fund: seek out complex investments. After a timely bet on Germany's Comdirect Bank AG raked in stellar profits last year, the founder of Petru - SHARE ARTICLE
Georgian Partners closes Canada's first private sector $850m venture capital fund
From The Globe and Mail: Georgian Partners Inc. has raised Canada's first $1-billion-plus private-sector venture capital fund. The Toronto late-stage financier has raised U - SHARE ARTICLE
PensionDanmark gains $4.3bn on its investments in 2019
From PIonline.com: PensionDanmark, Copenhagen, reported an investment return of 28.8 billion Danish kroner ($4.3 billion) for the 12 months ended Dec. 31.
In an update Tuesday, PensionDanmark said th - SHARE ARTICLE
Hedge funds ramped up leverage in stocks just before market rout
From Bloomberg: Individual investors weren't the only ones falling in love with stocks right before they went south. Turns out the savviest of institutions were in equally high spirits.
Hed - SHARE ARTICLE
Northern Trust expands alternatives fund business in Europe
From Investment Europe: Northern Trust has announced the appointment of Sara Gilbert to spearhead business development for its alternatives asset servicing business in Europe. This key hire unde - SHARE ARTICLE
Bank of Canada lays groundwork for digital currency
From Bloomberg: The Bank of Canada is laying the groundwork to introduce a digital currency, should the need for one emerge, Deputy Governor Tim Lane said.
While Canadians are well-served by the present - SHARE ARTICLE
Coronavirus could be a 'catalyst' for China to boost its mass surveillance machine, experts say
From CNBC: China could use the coronavirus outbreak to boost its mass surveillance capabilities as it looks to technology to help contain the epidemic in the - SHARE ARTICLE
British maverick investor tests default-free streak in riskiest bet yet
From Bloomberg: For the third time in six months, British billionaire Mark Coombs is betting on bonds that many on Wall Street deem destined for default. Ashmore Group Plc, the $98 b - SHARE ARTICLE
Russell gets nod to offer domestic strategies to China investors
From PIonline.com: Russell Investments Management (Shanghai), the Seattle-based money manager's wholly owned business on China's mainland, obtained a private fund management license from th - SHARE ARTICLE
These Tiger Cubs are still hot on private markets
From Institutional Investor: Tiger Global and Coatue have been busy in private markets so far this year, but most other firms linked to hedge funds have been slow to make new investments.
The venture capi - SHARE ARTICLE
More pension funds, managers targeting excessive CEO compensation
From PIonline.com: More pension fund officials and asset managers are holding companies accountable for excessive compensation but could be doing more, according to "The 100 Most - SHARE ARTICLE
Australians funds back renewables in U.S. as opportunities at home ebb
From JWN Energy: Some of Australia's biggest funds are pouring money into U.S. clean-energy projects as they butt up against a shortage of green opportunities at home.
AustralianSuper - SHARE ARTICLE
Rhode Island pension sues Facebook over $5bn FTC deal
From CIO: The Rhode Island State Treasury has filed a lawsuit against Facebook in connection with its record-setting $5 billion settlement with the Federal Trade Commission (FTC) over the Cambridge An - SHARE ARTICLE
Sachem head's newest target
From Institutional Investor: Scott Ferguson's Sachem Head Capital Management's latest activist target is specialty chemicals maker Olin Corporation. Sachem owns 9.4 percent of the company, has launched a proxy fight, and nomin - SHARE ARTICLE
From BBC: Residents of an apartment building in southern India were left in shock after a mix of beer, brandy and rum started gushing out of their taps. The smelly, brown liquid began flowing from kitchen taps in the block of flats, in Kerala, India, on M - SHARE ARTICLE
(Bloomberg) -- Individual investors weren’t the only ones falling in love with stocks right before they went south. Turns out the savviest of institutions were in equally high spirits.
Hedge funds, which use borrowed money to amplify returns, went ris - SHARE ARTICLE