Managers
The US Securities and Exchange Commission’s (SEC) drive to increase transparency and competition in the hedge fund industry is ultimately aimed at reducing the fees paid by investors, according to a report by Reuters.
The report quotes William Birdthistle, director of the Division of Investment Management at the SEC, as saying that increased competition and transparency will lead to lower fees and better liquidity arrangements, “with fees going down that will mean more money going to end investors.”
Birdthistle, who was speaking at a Managed Funds Association conference in London, referenced a new set of rules that the SEC initially
The latest JPMorgan Chase & Co Treasury client survey has revealed that hedge funds were net buyers of Treasury futures exposed most to interest-rate risk in the week ending 11 October, according to a report by Bloomberg, acquiring a total of 25,000 10-year note futures equivalents.
Having added to short bets in the two previous weeks, asset managers added to net long duration bias for the third week in a row, by around 18,000 10-year note futures equivalents.
Most hedge fund activity was seen across long-bond and ultra-long bond futures, with net short positions being cut by a combined $5.8
HS Group, one of the largest providers of long term capital to alternative asset management firms, has formed a strategic partnership with sustainability focused asset manager, Mercator Partners.
Assets under management at Man Group fell to $138.4 billion at the end of September, down from $142.3 billion on 30 June, in what it the company describes as a “very difficult” quarter for the asset management industry.
Activist investor Starboard Value is pushing Splunk Inc to make changes aimed at boosting its share price after building a nearly 5% stake in the software company, according to a report by Reuters.
The report cites an unnamed source as revealing that Starboard’s Chief Executive Officer Jeffrey Smith plans to discuss the activist hedge fund’s investment at Tuesday’s 13D Monitor Active-Passive Investor Summit.
Splunk recently added two directors to its board, including a partner from Hellman & Friedman, a private equity firm that owns about 7.8% stake in the company.
Starboard, which is known for its operational expertise, also recently
The Invesco Bond Fund saw a significant increase in short interest during September to 12,000 shares at the end of the month, up by 263.6% from the 15 September total of 3,300 shares, according to a report by MarketBeat.
Based on an average daily volume of 25,600 shares, the short-interest ratio is currently 0.5 days.
Several large investors have recently modified their holdings of the business. UBS Group AG grew its stake in Invesco Bond Fund by 2.0% during the second quarter and now owns 42,975 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional
Sir Michael Hintze the billionaire founder of hedge fund CQS and longtime Conservative Party donor, is to take up a seat in the House of Lords after King Charles III approved a recommendation from Boris Johnson to grant the 69-year-old a life peerage, according to a report by the Financial Review.
Some of Brazil’s largest hedge fund managers say they are feeling more optimistic about the prospects for the country’s economy following the first round of voting in the Presidential election, according to a report by Bloomberg.
The 2 October revealed a closer gap between front-runner Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro than many had been expecting which, coupled with the strong performance by right-wing parties in the country’s Congressional elections, has left some managers feeling that a major turnabout in the fortunes of Latin America’s largest economy is now less likely.
The thinking is that if elected,
Chinese macro hedge fund Shanghai Banxia Investment Management Center has called the bottom of the country’s stock rout and predicted that the country is on the verge of a bull market.
Macellum Advisors is again pushing for changes at boardroom level at struggling US department store chain Kohl’s and has written a letter to fellow shareholders outlining its plans.
The activist hedge, a long-term holder of nearly 5% on the outstanding common shares of Kohl’s Corporation, has issued an open letter to other shareholders regard the need for what it describes as an “immediate and targeted refresh” of the company’s board.
Macellum wants to see some of Kohl’s long-tenured directors replaced with its own candidates and its ‘hit-list’ includes chairman Peter Boneparth and other members of the company’s executive committee. Earlier
