Hedge Crunch FinancialFirst Compliant Cryptocurrency Hedge Fund Opens in Asia
The Circle Fund, with teams of investors in Shanghai, Hong Kong and New York, is the first Asian cryptocurrency hedge fund to be compliant with global regulations. The company behind the fund is made up of people with over five years of experience in the primary and secondary blockchain industry markets. The investors involved in […]
Parplus Fund Has No Management Fees
James Carney, founder of Parplus Partners, says his fund will never take a management fee. He will, instead, charge his clients a performance fee when and if his funds surpass the S&P 500 stock index. “Eat what you kill. That’s what I’ve been doing for 34 years,” said Carney, who is also the fund’s CEO. […]
BlueCrest Capital Ringing in the New Year with Great Gains for 2019
Michael Platt’s BlueCrest Capital, now a private investment firm, saw profits climb by about 50% this past year. The hedge fund has had a run of great years since it gave back outside investors’ funds and became a strictly family investment company. Until 2015 BlueCrest was one of the world’s largest hedge funds. The company […]
Deal Creates Largest Movie Operator in North America
Britain-based Cineworld is taking over Canada’s Cineplex Inc in a deal valued at $2.1 billion. The merger will create the largest cinema operator in North America. Cineworld offered US$25.56 (C$34) per share for the Toronto-based Cineplex, that is 42% more than its closing price before the weekend. Cineworld shares climbed by 1.4% in early trading. […]
Singapore is the Place for Great Returns
The world’s best performing hedge fund for 2019, Vanda Global Ltd., gained 300% this year, and is based in the tiny island city state of Singapore. And Vanda is not the only such fund; Singapore has two of the world’s ten best-performing hedge funds, with a third fund partly based here. By way of comparison, […]
Hedge Fund Magnate Wants a Bigger Part of the Mets
Steve Cohen, CEO of Point72 Asset Management, is in negotiations with the current owner of the major league baseball team, the New York Mets, to increase his stake in the ball club. The Mets are currently owned by Sterling Partners. “The Sterling Partners and Steve Cohen are negotiating an agreement in which Steve Cohen would […]
Deutsche Bank’s James Ruane Moving to Bayview International Hedge Fund
As Germany’s largest bank, Deutsche Bank, is making big changes during its most comprehensive restructuring since it was established 149 years ago, James Ruane, head of the bank’s internal mergers and acquisitions, has chosen to depart. Ruane was a member of a small group working closely with Chief Executive Christian Sewing, which led the unsuccessful […]
SEC Evaluating Facelift to Rules of Investment in Hedge Funds
The qualifications for who can or can’t invest in riskier investment vehicles have been in place with no revisions since the 1980s, and some say its time for a change. That change is being considered right now by the Securities and Exchange Commission, making some requirements stricter, and others less strict. Wall Street executives have […]
Compare Apple to Amazon: How Different Company Cultures Get Great Results
Apple is a tech company founded in 1976 in Cupertino, California, whose pursuit of great design and beautiful products says “Money is no object.” Compare this to Amazon, founded almost 20 years later in Seattle, Washington, is a company known for its frugality that breathes “we’re gonna save you money.” Both companies rose to mega-fame […]
The Power of Compound Interest to Retire with $5 million
Watch this short video to discover how important it is to begin saving for retirement at an early age with consistent monthly payments to yourself. With regular savings that begin early, retiring a millionaire is not an impossible dream.