If anyone keeps SAC Capital founder Steven A. Cohen up at night, it’s likely to be Preet Bharara, the U.S. Attorney for the Southern District of New York. Bharara’s office charged SAC Capital and associated entities with securities fraud and wire fraud in connection with a long-running insider trading investigation.
Archive for the ‘Video’ Category
It’s been a brutal week for emerging Asian markets amid tight credit in China and the Fed signaling an end to stimulus. And even if they recover, investors may not look at emerging markets the same way again.
Long viewed as a land of promised returns, emerging Asia’s stocks, bonds and currencies are diving as investors head for the exitsâ€”and the region’s big markets are faring little better.
Sony’s share price is up by double-digits as Third Point hedge fund manager and Sony investor Daniel Loeb pushes for dramatic changes, including a listing for the entertainment unit. But how would such a transformation actually work? Reuters’ Jon Gordon explains.
Berkshire Hathaway bear Doug Kass of Seabreeze Partners Management, who questioned Warren Buffett at Berkshire’s annual meeting, says the company’s quarterly earnings are “of lower quality” if you look at them closely.
Sal Arnuk, partner and co-founder of Themis Trading LLC, discusses high-speed trading and its effect on the markets this afternoon on CNBC.
To fix the markets, Arnuk suggests eliminating payment for order flow, restricting some information from being disseminated in proprietary data feeds and overhaul order types.
Watch the video to see the whole segment, in particular the part around 1:50 where he notes the distinction between volume and liquidity.
Agecroft Partners’ Don Steinbrugge discusses hedge funds and his investment strategy with Deidre Bolton on Bloomberg TV’s “Money Moves.” The top performing strategy in the first quarter of 2013 was Asia-focused funds, Steinbrugge says, followed by long-biased strategies and long/short equity.
A recent HedgeWorld/Labaton Sucharow/Hedge Fund Association survey of hedge fund managers showed almost half thought their competitors did something illegal to generate returns and more than one-third had felt pressure within their own firms to break rules. Following up on that, a panel at the HedgeWorld East 2013 conference discussed the culture of compliance in hedge funds. Among the panelists was Jordan Thomas, a partner at the law firm Labaton Sucharow.
Carlyle Group CEO David Rubenstein tells Reuters Editor in Chief Stephen Adler that global wealth and growth will come from emerging markets with developed economies hobbled by debt. Adler interviewed Rubenstein at the HedgeWorld East/PartnerConnect East 2013 event in Boston.
Jane Mendillo, CEO of Harvard Management Co., tells Reuters Editor in Chief Stephen Adler that alternative investments in private equity, hedge funds and natural resources will drive returns for the $31 billion fund. Adler interviewed Mendillo at the HedgeWorld East/PartnerConnect East 2013 conference in Boston last week.