Activist investors see Ackman-Valeant deal as a model to follow
04/23/2014 11:15:52 AM ET
NEW YORK (Reuters)— William Ackman's $47 billion joint bid with Valeant Pharmaceuticals International Inc. to buy Botox maker Allergan Inc. may become a model for future deals, rival fund managers said.
Pershing Square's Ackman promised ex-Herbalife exec as much as $3.6 million: report
04/22/2014 5:59:31 PM ET
WASHINGTON (Reuters)—Hedge fund manager William Ackman secretly promised a former Herbalife executive-turned-whistleblower as much as $3.6 million in case he lost the job he took after leaving Herbalife, ABC News reported on Tuesday [April 22] on its website.
Texas businessman Wyly takes stand in $550 million securities trial
04/22/2014 5:54:57 PM ET
NEW YORK (Reuters)—Texas businessman Sam Wyly took the stand in his civil trial in New York on Tuesday [April 22] and denied U.S. Securities and Exchange Commission claims that he and his brother used a complex network of offshore trusts to conceal years of stock trades and net $550 million in undisclosed profit.
Partner, two traders leave energy hedge fund Sasco
04/21/2014 11:19:48 AM ET
WESTPORT, Conn. (Reuters)—The chief investment officer and two natural gas traders at Sasco Energy Partners have left the Connecticut-based energy fund, sources said on Thursday [April 17], the latest departures from a firm that has struggled to make a profit.
Ex-CFTC regulator Chilton joins DLA Piper law firm
04/15/2014 10:33:29 AM ET
WASHINGTON (Reuters)—Bart Chilton, an outspoken former regulator who spent more than six years as a member of the U.S. Commodity Futures Trading Commission, will join the law firm DLA Piper, the company said on Monday [April 14].
Nasdaq, Tradeworx to launch test facility for algorithms
10/09/2013 2:02:53 PM ET
NEW YORK (Reuters) Exchange operator Nasdaq OMX Group Inc. said on Wednesday [Oct. 9] it is partnering with a unit of high-frequency trading firm Tradeworx on an algorithm testing site for firms to examine automated trading strategies and reduce operational risk.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
Greenlight Capital down 1.5 percent in Q1, warns of second 'tech bubble'
04/22/2014 6:04:10 PM ET
NEW YORK (Reuters)—David Einhorn's Greenlight Capital closed the firm's money-losing short position in Chipotle Mexican Grill Inc., the $10 billion hedge fund said in a letter to clients on Tuesday [April 22], and the firm has started shorting a group of momentum stocks that he did not identify.
IEX'S exchange plan stirs U.S. stocks queue jumping argument
04/22/2014 12:16:32 PM ET
NEW YORK (Reuters)—For more than a decade, queue jumping by traders has been a big no-no in U.S. stock market, prevented in the name of fairness. Now, an upstart trading platform has revived a debate on whether it may be just what markets need to become more transparent.
SEC weighs requiring brokers to identify where trades made: report
04/21/2014 12:46:42 PM ET
WASHINGTON (Reuters)—The U.S. Securities and Exchange Commission is weighing a proposal that would require brokers to tell investors exactly where their stock trades are executed, Bloomberg reported on Saturday [April 19].
SEC eyes test that may lead to shift away from 'dark pools'
04/11/2014 1:05:56 PM ET
WASHINGTON/NEW YORK (Reuters)—U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools" that critics say may be hurting investors by reducing the quality of pricing.
Lipper hedge fund performance - March 2014 - Dedicated Short Bias (U.S. funds)
04/22/2014 5:23:48 PM ET
Editor's note: As of April 22, 2014, one U.S.-only dedicated short bias fund in the Lipper Hedge Fund Database that was open to investment provided return information for March 2014.
Lipper hedge fund performance - March 2014 - Dedicated Short Bias (all funds)
04/22/2014 5:23:01 PM ET
Editor's note: As of April 22, three dedicated short bias funds in the Lipper Hedge Fund Database that are open to investment had provided return information for March 2014.
Opinion: Past, Present and Future of Alternative Funds Market
By Brian Macallister, Ledgex Systems
02/28/2014 6:04:50 PM ET
It's been less than 50 years since the fund of funds model came on the investment scene, and that short history has been anything but dull. Born in the 1970s, American fund of funds took off in the '80s and '90s, and then hit a major stumbling block in 2008, when the widespread financial crisis unearthed deep challenges around liquidity.
Opinion: Managers improve, but scale kills
By James Saft, Reuters
02/26/2014 5:39:21 PM ET
Fund managers are getting better, but active fund management is getting worse.
Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.