CalSTRS backs Nelson Peltz’s call for Pepsi shake up... [more]Komfie Manalo, Opalesque Asia: The California State Teachers’ Retirement System or CalSTRS has thrown its support to activist hedge fund manager Nelson Peltz’s move to shake up PepsiCo and install himself on the board of directors.
SEC approves money market rules... [more]Bailey McCann, Opalesque New York: Earlier this month, Opalesque reported on a potentially growing turf war between the SEC and FSOC. Part of that battle hinges on rules voted in by the SEC today. On a split vote, SEC Commissioners agreed to institute a floating NAV for certain money market fun
TLC Capital Group readies late summer launch of Salvus Hedged Yield Fund LP... [more]Atlanta-based TLC Capital Group LLC is preparing the launch of a new option-hedged market neutral fund. The Salvus Hedged Yield Fund LP will employ the firm’s proprietary Hedged Yield Strategy, developed by CIO William J. Taylor, a 30+ year veteran of the Chicago financial markets and original membe
Renaissance funds perform well, firm closes London office... [more]From Reuters.com: Two funds at Renaissance Technologies, one of the world's biggest hedge funds, are performing better than the average hedge fund, but the company has stopped selling them in Europe because local marketing rules have been tightened.
The Renaissance Institutional Equities and I
Assets – Union Bancaire Privée increases assets under management by 8%... [more]As at 30 June 2014, UBP had posted net earnings of CHF 82 million, which is a 6.2% year-on-year rise (from CHF 77.2 million). Its assets under management came to CHF 94.8 billion, up 8% on December 2013 (CHF 87.7 billion); this rise is attributable in part to net inflows worth CHF 2.4 billion, and a
Legal – Cayman issues FATCA Guidance Notes... [more]The Cayman Islands Tax Information Authority issued the first official version of the Cayman Islands FATCA Guidance Notes on 22 July 2014. These Guidance Notes can be downloaded here: http://tia.gov.ky/pdf/FATCA_Guidance_Notes.pdf
…And Finally – Woman posted selfies in 'stolen dress'... [more]From Orange.co.uk: A pregnant woman has been arrested in the US - after posting selfies on Facebook wearing a dress she had allegedly just stolen.
Police say Danielle Saxton, 27, stole the dress from a boutique in her home town of West Frankfort, Illinois.
Hours later, she posted picture