Opalesque Roundtable: Hedge fund launches top 100 in Texas... [more]Bailey McCann, Opalesque New York: Over 100 new hedge funds launched in Texas last year alone according to delegates at the recent Opalesque Texas Roundtable. Delegates cite the tax environment as well as the robust local economy as reasons for the spate of new growth last year.
"We see pred
SEC brings charges against Tilton, Patriarch Partners... [more]Bailey McCann, Opalesque New York: The SEC has brought fraud charges against distressed maven Lynn Tilton and her firm Patriarch Partners. According to the complaint, Tilton and her firm stand accused of hiding the poor performance of loan assets in three collateralized loan obligation (CLO) fund
Oil: Hedge funds moving away from 'buy on the dips' strategy... [more]From OILvoice.com: In recent years, financial markets have believed that 'everything is for the best in this best of all possible worlds'. Good news has taken markets higher. So has bad news - as investors assume policymakers will apply more stimulus. As a result, a whole generation of managers and
Manager Profile - Taylor Mann leaves you educated about Apollo Education... [more]From HVST.com: …Taylor Mann, founder of Pine Capital, not only had the right thesis, but timed it right too. On Jan 15th, 2015, Mann became vocal on his Apollo Education and ESI
shorts by releasing his report titled "Screw U: A Random Walk Through The Diploma Mill". Mann has since backed this up
Asia - Hedge funds get Japan’s giants to change their game... [more]From Gulfnews.com: The hedge fund that encouraged Japanese games console maker Nintendo into allowing its heroes onto smartphones is building a position in Kyocera and is also eying Canon. In the latest sign of growing activist interest in Japan, Hong Kong-based Oasis Management has built up a stake
People - Marshall Wace has hired Citi’s ex-head of hedge fund trading... [more]From eFinancialcareers.com: The former head of EMEA hedge fund trading at Citigroup, who left the bank to head up Evercore ISI’s European trading business in the summer of last year, has re-emerged at Marshall Wace.
Charlie Mansour joined Marshall Wace earlier this month according to filings w
…And Finally - Carpool lane cheat's 'most interesting' ruse... [more]From Sky.com: A driver's "most interesting" attempt to circumvent laws restricting the use of carpool lanes has failed to fool US police.
In a bid to put his own spin on an old trick, a Washington state man placed a cardboard cutout featuring the actor who portrays "The Most Interesting Man In