Executives said to leave Fortress after macro plunge... [more]Bailey McCann, Opalesque New York: Chief Risk Officer Sherif Sweillam and portfolio manager Tye Schlegelmilch, are said to have resigned from Fortress this month according
Hedge funds Apollo and TPG win Caesars bankruptcy case... [more]Komfie Manalo, Opalesque Asia: A U.S. Bankruptcy Judge in Delaware on Wednesday ruled that the bankruptcy of the operating unit of Caesars Entertainment Corp's would proceed in Chicago.
The judge ruling resolved the odd situation of Caesars being in two bankruptcies at once. This was a vi
NewOak’s new hedge fund to focus on non-QM jumbo mortgage... [more]Komfie Manalo, Opalesque Asia: The asset management unit of NewOak, a U.S.-based financial advisory firm, announced the launch of a new private fund that focuses on buying newly originated, nonqualified residential mortgages with slightly weaker credit than a traditional prime jumbo loan.
Des
University of Texas endowment tops $25bn, surpassing Yale... [more]From Bloomberg.com: They say everything’s bigger in Texas. Now, it’s true of its public university system’s endowment. The University of Texas endowment surpassed Yale University’s as the second-wealthiest in U.S. higher education, according to an annual survey released Thursday by Commonfund and th
Managers Profile - GLG duo: How we turned around performance on UK Select... [more]From Investmentweek.co.uk: Charlie Long and Nick Judge boosted the performance of the £304m GLG UK Select fund in 2014, after a rocky second quarter forced them to review the fund's risk management processes. The pair also underweighted commodities and focused on currency management to propel the fu
Legal - Chicago court hands out harsh sentences for hedge fund trade secret theft... [more]From Bakerlaw.com (15.Jan.2015): Following earlier plea agreements, Ben Pu and Sahil “Sonny” Uppal were sentenced today for stealing trade secrets related to high-frequency trading platforms from Chicago-based hedge fund Citadel. In what could be compared to a James Bond espionage thriller, through
People - SkyBridge Capital appoints three new partners... [more]From Insurancenewsnet.com: SkyBridge Capital, a global investment management firm with approximately $12.5 billion in assets under management and advisement as of November 30, 2014, announced that Robert Duggan, portfolio manager; Christopher Hutt, head of hedge fund administration and operations; a
News Briefs - More than 20,000 investment professionals worldwide pass Level I CFA exam... [more]CFA Institute, the global association of investment professionals that sets the highest standards for education, ethics and professionalism, reports that 44 percent of the 47,175 candidates that took the Chartered Financial Analyst (CFA) Level I exam in December 2014 have passed. These candidates pr
…And Finally - Woman in wheelchair stands up to shoplift... [more]From UPI.com: British police released CCTV footage of a woman recorded standing up from her wheelchair and walking around a store while shoplifting.
West Midlands Police said the woman came into the Marks and Spencer food store in Coventry, England, Jan. 11 with a male accomplice pushing her a
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This article was authored by Alex Gavrish, founder and CEO of Etalon Investment Research, and author of "Wall Street Back To Basics."
Elliott Associate discloses Informatica stake
On January 26th, 2014, an activist hedge fund Elliott Associates, managed by Paul Singer, disclosed a large stake i..
Benedicte Gravrand, Opalesque Geneva: John Butler, author and veteran fund manager, believes the conditions are set for an abrupt decline in the US dollar.
"A strong dollar was a key component of the Asian currency crises of 1997-98," he wrote in the latest Amphora Report. "These contributed to sh..
