Evening Leaders – Shkreli Proved Wrong on Neoprobe, EU Short Selling

Martin Shkreli Proved Wrong After FDA Accepts Neoprobe’s Application (TheStreet)

Wednesday night, Neoprobe said U.S. regulators accepted the company’s new drug application for Lymphoseek, a new lymph-node mapping agent used to determine the spread of cancer. Neoprobe filed Lymphoseek with the U.S. Food and Drug Administration in August. Normally, FDA acceptance of an approval filing isn’t big news; the FDA approval decision that comes later is much more significant. Neoprobe was an unusual case, however, due to the very public campaign last June waged by MSMB Capital hedge fund manager Martin Shkreli, who shorted Neoprobe and then filed a citizen petition with FDA seeking to prevent the agency from reviewing Lymphoseek.

blackrock_logo_2218

Conifer Group Launches Cloud-Based Hedge Fund Reporting (HedgeCo)

Hedge fund administrator, the Conifer Group, LLC has launched the ‘Conifer iCon’, the first cloud-based solution delivering an entire suite of asset servicing processes, including a data repository and in-depth attribution reporting, from one customizable portal.

Hedge Funds Returns for October Flat So Far Says GlobeOp (WSJ)

Worries over heavy hedge-fund redemptions after poor performance may be overdone, according to data Wednesday from hedge fund service provider GlobeOp Financial Services SA (GO.LN)GlobeOp, which runs middle- and back-office functions for about 190 hedge-fund firms and other asset managers, said redemptions and subscriptions so far this month were both around $5 billion across the $171 billion in client assets it works on, for a flat monthly flow.

SEC to Weigh Hedge Fund Rule (Businessweek)

Hedge funds and private-equity funds will be asked to deliver “extraordinary amounts” of new data to the U.S. Securities and Exchange Commission under a rule set for a vote next week, said SEC Chairman Mary Schapiro. Under the version of the rule proposed by the SEC on Jan. 26, firms managing more than $1 billion would have to file quarterly information on fund assets, leverage, investment positions, valuation and trading practices on a new Form PF. That added oversight would also come with routine inspections.

BlackRock to Launch Best Ideas Fund (FINAlternatives)

BlackRock will launch a UK equities best ideas fund to be helmed by its co-head of UK equities, Luke Chappell. Chappell and BlackRock director Imran Sattar will manage the new vehicle—a retail version of the firm’s institutional UK Focus fund—which will be launched this month. The new fund will focus on companies incorporated or listed in the UK.

Advent Capital Adds Four Members to Team (FINAlternatives)

New York-based Advent Capital Management has added four members to its team in four newly created positions. Advent spokesman David Millar told Pensions & Investments the new hires include Andrzej Rojek, who has joined Advent as managing director in the marketing unit of the convertible and high-yield bond specialist. Also joining are Marc J. Friezo, as associate portfolio manager for Advent Capital’s hedged convertible strategy; Thomas Cui, as a portfolio analyst for the hedged convertible strategy; and Douglas A.D. Teresko as associate portfolio manager for the company’s long-only convertible bond strategy.

EU to Impose Tougher Restrictions on Short Selling (FINAlternatives)

The EU will impose stricter regulations on the short selling of shares and bonds, banning “naked” credit default swaps on government bonds. Agreement on the new rules was reached Tuesday between representatives of the European Parliament and EU member states. Proponents say they will make financial markets more stable. The rules should get the final stamp of approval from the full EP and EU finance ministers within the next few weeks and take effect as of Nov. 1, 2012.

Henderson Global Soft Closes Two Funds (FINAlternatives)

Henderson Global Investors has announced that it is closing two of its retail-oriented absolute return funds to new investment—for now—because they are close to reaching their $2 billion capacity. The two funds, Henderson UK Absolute Return OEIC and Henderson Gartmore UK Absolute Return SICAV, which are both managed by Ben Wallace and Luke Newman, will soft close on Nov. 30.  According to the firm, the move is being made in order to protect the interests of existing investors and to seek to avoid potential performance dilution.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!