Hedged: This Week's Major Fund Activity
Q&A: Hedge fund executive Simon Lorne talks Trump, Brexit and 'Billions'
It is not often a journalist gets access to a senior executive of a major Fund. Lawrence Delevingne lands one with Millennium Vice Chair Simon Lorne. It's Lorne's first interview in some time. We know Millenium as well as any non employed trader does at the operational level. But at the executive level they are notoriously close-mounted. Here, Lorne shares the long view on hedge funds and Wall Street as a longtime attorney and former SEC general counsel.
About Lawrence: We had been reading his stuff as traders for Macro Fund position changes. But now we keep reading for the insights interviewees give him. One of our members has also spoken with him on background in the past regarding a manipulation case. We respect his professionalism, discretion, and writing. He's a journalist. - Soren K Group
Strongly suggest to follow Lawrence on Twitter for live updates from the Milken Conference in La LA land next week Mon- Wed.
Other News of possible interest
- Exclusive: Schonfeld in talks to open UK office - sources
- Trading platform OpenDoor launches for hard-to-trade Treasuries
- New global fund to raise $300 million for digital currency investments
- Asia investors boost use of unorthodox data sources in battle to beat benchmarks
- Greenlight: GM investors will 'vote with their wallets'
- Elliott spurns offer, forging ahead with Arconic proxy fight
- Elliott takes stake in UK takeover target WS Atkins
- Oil prices falter as hedge funds stop buying
- U.S. natural gas prices soften, market eyes big hedge fund longs
- Jury still out on sterling U-turn, banks' flow data shows
- B. Riley acquires rights to manage Dialectic hedge funds
- Ex-Eaton Vance portfolio manager to plead guilty to fraud in U.S. court
- Puerto Rico government pushing forbearance deal in creditor talks
Exchange News:
http://erdesk.com/newswire.html
NDAQ reported 1Q17 adj. EPS ex-amortization of purchased intangibles of $1.10 (+15% q/q, +20% y/y) 5c above ERDesk and 4c consensus estimate. GAAP EPS was $0.99. Net revenues were $583m (-3% q/q, +9% y/y) and adj OpEx was $306m (-6% q/q, +9% y/y). NDAQ increased dividend to $0.38 (+19%), and repurchased $156m of its common stock. NDAQ expects 2017 adjusted OpEx to be $1.26b-$1.3b. LSE reported 1Q17 net revenues of £409m (+17% y/y), on total revenues of £459m (+19% y/y) including treasury income. Info svcs net revenues were £156m (+21% y/y), LCH net revenues were £113m (+26% y/y) and capital markets net revenues were £89m (+3% y/y). ICE CEO Jeffrey Sprecher the European Union is doing a better job than the UK at courting and attracting financial firms. LSE purchased 59.3k shares at 3,298p per share, as part of its £200m repurchase program. Total purchases add 990k shares up to date. BME started up BME 4Companies, that groups together and organises all the services and products offered by BME to companies in order to promote the opportunities that the securities market offers. Calypso and blockchain consortium R3 are developing a distributed ledger (DLT) application for trade matching confirmations with a group of global financial institutions. SEC: ITG executive, Jamie Selway may be the leading candidate to run the SEC, according to Reuters. BASEL: Argentina, Brazil, China, Indonesia, Mexico Russia and Turkey are yet to finalise derivatives uncleared margin rules scheduled for September 20216; according to Reuters.
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