U.S. SEC probes alleged fraud at fast trader Infinium: SEC letter
03/07/2014 4:12:27 PM ET
CHICAGO (Reuters)—The U.S. Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to an SEC letter obtained by Reuters.
Cliffs Natural says activist investor rejects offer to end proxy fight
03/07/2014 1:57:06 PM ET
CLEVELAND (Reuters)—Iron ore producer Cliffs Natural Resources Inc. said activist investor Casablanca Capital LP had rejected an offer to settle a proxy fight and was seeking full control of the board.
Cohen's SAC Capital has 5.4 percent passive stake in Gogo Inc.
03/07/2014 1:19:32 PM ET
NEW YORK (Reuters)—SAC Capital Advisors, the investment manager founded by Steven A. Cohen, said on Thursday [March 6] it has taken a 5.4 percent stake in Gogo Inc.
U.S. SEC taps ex-FINRA official as trading and markets head
02/14/2014 11:09:48 AM ET
NEW YORK/WASHINGTON (Reuters)—The U.S. Securities and Exchange Commission is close to naming lawyer and former regulator Stephen Luparello as head of its division that oversees exchanges, brokerages, and clearing agencies, according to people familiar with the situation.
Icahn Enterprises names Cozza as new chief executive
02/06/2014 12:23:21 PM ET
NEW YORK (Reuters)—Icahn Enterprises L.P., activist investor Carl Icahn's publicly traded investment vehicle, said on Thursday [Feb. 6] that Keith Cozza will take over as president and chief executive officer, replacing Daniel Ninivaggi.
Nasdaq, Tradeworx to launch test facility for algorithms
10/09/2013 2:02:53 PM ET
NEW YORK (Reuters) Exchange operator Nasdaq OMX Group Inc. said on Wednesday [Oct. 9] it is partnering with a unit of high-frequency trading firm Tradeworx on an algorithm testing site for firms to examine automated trading strategies and reduce operational risk.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
Astenbeck fund jumps in Feb on oil rally that could help Oxy
03/07/2014 6:28:21 PM ET
NEW YORK (Reuters)—Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of selling its stake in the fund.
Occidental, which acquired a 20 percent stake in Hall's Connecticut-based Astenbeck Capital Management fund and trading house Phibro in 2009, said last month it wanted to reduce proprietary trading activities.
Hedge funds guard data more, give clients new reason to grumble
03/07/2014 5:11:37 PM ET
BOSTON (Reuters)—After years of complaining about high fees and lackluster returns, hedge fund investors have something new to grumble about: It is getting harder to see even the most basic data about what's happening with their money.
Big-name hedge funds like Third Point LLC, Paulson & Co.
Acting U.S. CFTC head Wetjen pleads with Congress for more money
03/06/2014 11:26:08 AM ET
WASHINGTON (Reuters)—The acting head of the U.S. derivatives regulator pleaded with federal lawmakers on Thursday [March 6] to give his agency more funding, saying a tight pocketbook has prevented staff from completing compliance exams and threatened to hobble enforcement.
CBOE toughens trader rules, following SEC fine last year
03/05/2014 5:57:00 PM ET
CHICAGO (Reuters)—CBOE Holdings Inc., which was fined $6 million last year for failing to properly police its own marketplace, will implement tighter rules for traders to help prevent fraud, according to a regulatory filing on Wednesday [March 5].
Lipper hedge fund performance - January 2014 - Event-Driven (U.S. funds)
02/26/2014 3:53:06 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all U.S. funds open to investment.
Lipper hedge fund performance - January 2014 - Event-Driven (all funds)
02/26/2014 3:48:07 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all funds open to investment. Performance listed is absolute performance.
Opinion: Past, Present and Future of Alternative Funds Market
By Brian Macallister, Ledgex Systems
02/28/2014 6:04:50 PM ET
It's been less than 50 years since the fund of funds model came on the investment scene, and that short history has been anything but dull. Born in the 1970s, American fund of funds took off in the '80s and '90s, and then hit a major stumbling block in 2008, when the widespread financial crisis unearthed deep challenges around liquidity.
Opinion: Managers improve, but scale kills
By James Saft, Reuters
02/26/2014 5:39:21 PM ET
Fund managers are getting better, but active fund management is getting worse.
Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.