SkyBridge sold to RON Transatlantic, HNA Group... [more]Bailey McCann, Opalesque New York: RON Transatlantic EG and HNA Capital U.S., the New York-based investment arm of $90 billion Chinese conglomerate HNA Group, will buy New York-based SkyBridge Capital for an undisclosed sum. The deal comes after news that SkyBridge founder and CEO Anthony Scaramu
Hedge funds: December outflows "a fitting end to a difficult year"... [more]From Barrons.com: Hedge funds ended 2016 with more than $3 in assets under management, despite redemptions of more than $100 billion, according to data from eVestment's hedge fund asset flow report.
December marked the sixth months of outflows in the past seven months. Thus, the fourth quarter
Manager Profile - Luke Newman, Henderson UK Absolute Return Fund... [more]From Bournemouthecho.uk: When the banking system crashed in 2008, hedge fund managers were probably lumped together in the public mind with everyone who had failed to see it coming. But Bournemouth-raised Luke Newman, who runs a multi-billion dollar fund, says there are a lot of misconceptions about
North America - Electoral college, hedge funds targeted... [more]From Newhavenindependent.org: If two local legislators have their way this session, Connecticut will join a nationwide effort to choose presidents by the popular vote and a regional effort to tax hedge fund managers' income. The two legislators - Democratic State Reps. Joshua Elliott and Michael D'A
Short Selling - Donald Trump has smashed the bears: Short interest plunges... [more]From Valuewalk.com: Heading into 2016, it was very clear that the majority of market participants were bearish on the outlook for stocks. As the price of oil continued to grind lower, economic data remained disappointing and corporate profits looked to be entering a recession, investors dumped stock
Bad behavior database aims to stop rogue traders before they act... [more]From Bloomberg.com: You're young and want to get ahead. First in and last out of your Wall Street office. You work weekends and message colleagues with inspired trading ideas at all hours. Guess what? You've just marked yourself as a potential rogue trader.
Welcome to the brave new world
...And Finally - Iron head... [more]From BizarreNews: If you didn't think there was a world record for smashing open coconuts with your head, think again. 30-year-old Rashid Naseem of Karachi, Pakistan just set it when he managed to crack open 43 fresh green coconuts with his head in just 60 seconds. The feat was recorded on video, an