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→  December 12, 2017

SYDNEY – After applying his machine-learning programs to central bank policy statements to churn out trading calls, a hedge fund-backed political economy specialist is aiming his sights on corporate earnings announcements. Evan Schnidman, a 31-year-old who set up his own firm after a Harvard University Ph.D. dissertation that looked at the Federal Reserve’s communications, is […]

→  December 12, 2017

John Burbank’s Passport Capital, which shot to fame for its lucrative bet against subprime housing ahead of the global financial crisis, will shutter its flagship hedge fund after returns slumped. The fund’s “returns over the past two years are unacceptable and cause me to rethink how to manage money in this environment,” Burbank wrote in […]

→  December 11, 2017

Nationwide Fund Advisors decreased its holdings in Red Hat Inc (NYSE:RHT) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 321,561 shares of the open-source software company’s stock after selling 8,096 shares during the quarter. Nationwide Fund Advisors owned 0.18% of Red […]

→  December 11, 2017

Amica Pension Fund Board of Trustees reduced its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 26.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,217 shares of the specialty chemicals company’s stock after selling 3,355 shares during […]

→  December 11, 2017

China’s securities regulator is cracking down on the fast-growing hedge-fund industry, investigating 10 cases of alleged wrongdoing. Officials are probing private fund practices including market manipulation, misappropriation of client funds, insider trading and trading by managers using their personal accounts, the China Securities Regulatory Commission said in a statement on its website Friday. Some funds […]

→  December 11, 2017

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Article source: https://www.bloombergquint.com/markets/2017/12/11/chinese-regulator-cracks-down-on-booming-hedge-fund-industry

→  December 10, 2017

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in Veeva Systems Inc (NYSE:VEEV) by 30.3% during the third quarter, according to its most recent filing with the Securities Exchange Commission. The fund owned 21,910 shares of the technology company’s stock after selling 9,523 shares during the quarter. Fjarde AP Fonden Fourth Swedish […]

→  December 10, 2017

Harvest Fund Advisors LLC boosted its holdings in shares of Williams Partners LP (NYSE:WPZ) by 32.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,102,427 shares of the pipeline company’s stock after acquiring an additional 4,436,790 shares during the quarter. Williams Partners accounts for […]

→  December 10, 2017

Amica Pension Fund Board of Trustees cut its position in shares of Weyerhaeuser Company (NYSE:WY) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,223 shares of the real estate investment trust’s stock after selling 9,680 shares during the period. […]

→  December 10, 2017

U.S. West Texas Intermediate and international-benchmark Brent crude oil closed lower for a second consecutive week. Traders continued to demonstrate that the decision by OPEC and other major producers in late November to extend production cuts to the end of 2018 was fully-priced into the market and the real market driver at this time is […]