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→  May 26, 2018

[NEW YORK] A founder of the hedge fund firm Platinum Partners pleaded guilty on Friday to a criminal conspiracy charge, six months after a mistrial in a corruption case against him and a former New York City labour leader. Murray Huberfeld, 57, of Lawrence, New York, entered his plea before US District Judge Alvin Hellerstein […]

→  May 26, 2018

New York: Money managers’ reluctance to get behind the oil rally is finally paying off. Hedge funds trimmed their net-long position—the difference between bets on a price increase and wagers on a drop—in Brent crude by the most in almost a year. The cuts came as the global benchmark capped its first weekly drop since […]

→  May 25, 2018

Hedge funds focused on the Middle East and Russia/Eastern Europe led Emerging Markets (EM) hedge fund performance through early 2018, as the US Dollar strengthened and the US Federal Reserve continued increasing interest rates.   The HFRI Emerging Markets (Total) Index posted a narrow gain of 0.08 per cent YTD through April, paring the gain […]

→  May 25, 2018

After years of prevarication, BT Group Plc seems finally willing to consciously uncouple from its fixed-network business. CEO Gavin Patterson may be learning from the experience of BT’s Italian peer. The former British national telecoms operator is evaluating informal proposals to sell at least a minority stake in Openreach, which operates most of the country’s phone […]