SEC launches outreach program for investment advisers... [more]Bailey McCann, Opalesque New York: The SEC is launching a new outreach program for investment advisers. The regulator will hold compliance outreach seminars in six cities this year. The seminars are jointly sponsored by the SEC’s Office of Compliance Inspections and Examinations, Division of Inve
Billionaire John Paulson's merger hedge fund said up 10% in 2015... [more]From FA-mag.com: Billionaire John Paulson’s merger strategy has gained 10 percent this year lifted by consolidation among drugmakers. The $19.3 billion New York-based firm posted a 0.7 percent return last month in a merger fund that uses leverage to amplify gains, according to three people familiar
Parker FX Index up 1.53% in March, 3.92% YTD... [more]The Parker FX Index is reporting a +1.53% return for the month of March. Thirty- one of the thirty-three programs in the Index reported March results, of which twenty-three reported positive results and eight incurred losses. On a risk-adjusted basis, the Index was up +0.69% in March 2015. The media
Texan CTA firm separates from Morgan Stanley after 18 years... [more]Warrington Asset Management, which was an independent but affiliated asset management group within Morgan Stanley (and predecessors) for the past 18 years, has finalized its separation from the bank and is now open as an alternative asset management advisor to a new set of prospective qualified clie
Predicting takeovers is accidental skill for this ETF... [more]From Bloomberg.com: Want a leg up in the game of predicting the next takeovers? This exchange-traded fund might help. Fifty-seven members of the TrimTabs Float Shrink ETF have been acquired in the past three years -- more than one per month. The ETF gained 70 percent as those mergers handed about $1
Comment - Baby hedge fund managers show their stuff... [more]From Bloomberg.com: In the summer of 1967, at the peak of the Monkees’ popularity, the thousands of fans filling stadiums for their live tour had the option of arriving early to catch an obscure opening act. It was a guitarist named Jimi Hendrix, and he was weeks away from releasing one of the best
…And Finally - New York waitress receives $3,000 tip... [more]From UPI.com: A diner who left a $3,000 tip for a New York waitress so she wouldn't be evicted said he was inspired by a tragic event that befell his former teacher.
The diner, who asked only to be identified as Mike, left the nearly 6,800 percent tip on his $43.50 tab for the waitress who had