Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Fund and Insider Trading News Today: Greenlight Capital, Brevan Howard, AgroFresh Solutions Inc (AGFS), EXCO Resources, Inc. (XCOOQ), Charles Schwab Co. (SCHW), and More

Greenlight Hedge Fund Falls 1.1% in April, Extending Decline (Bloomberg)
David Einhorn’s main hedge fund at Greenlight Capital fell 1.1 percent in April, extending its loss this year to 14.9 percent, according to a client update seen by Bloomberg. The performance for his value-investing hedge fund strategy compares with a 0.4 percent return for the S&P 500 Index, including reinvested dividends. The HFRX Global Hedge Fund Index, an early indicator of industry performance, was up 0.3 percent in the month as of April 26, paring declines to for this year to 0.8 percent.

U.K. Prosecutors Name Star Trader Alfredo Saitta in Euribor Trial (The Wall Street Journal)
A former JPMorgan & Co and Citigroup Inc. trader, who is currently a star manager at hedge fund giant Brevan Howard, has been named in a U.K. court as an alleged co-conspirator in what prosecutors call a scheme to manipulate interest rates. The trader, Alfredo Saitta, and six less prominent individuals were named last month by the U.K.’s Serious Fraud Office as alleged co-conspirators-but not charged with a crime-during an ongoing trial of other bank employees accused of trying to rig the euro interbank offered rate, or…

China’s HNA Drops Bid to Buy Scaramucci’s SkyBridge Due to Regulatory Hold-up (Reuters)
(Reuters) – Chinese conglomerate HNA Group has dropped its bid for most of SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, as the deal was still stuck with U.S. regulators after more than a year. Scaramucci, who was White House communications director for 10 days last year, will return to SkyBridge as co-managing partner to focus on strategic planning and marketing efforts, the two companies said in a statement late on Monday.

What We Learned From a Week With London’s Fund Managers (Bloomberg)
Beware higher bond yields, watch for a stronger dollar, and steer clear of credit. Those are some of the biggest consensus calls from London’s money managers as they navigate financial markets rocked by central bank tightening, the threat of trade wars, and concern global growth has already passed its high water mark. In the week that 10-year U.S. Treasury yields climbed above 3 percent for the first time in four years and the dollar hit its strongest level since January, Bloomberg took the pulse of some 20 traders and money managers in the City.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.