Fitch Ratings views the recent Notice of Proposed Rulemaking (NPR) issued by regulators to amend the Volcker Rule and relax limits on certain private equity (PE) and hedge fund investments, known as "covered funds" as indicative of loosening regulation an - SHARE ARTICLE
21st Feb 2020 - 9:21am
Opti Capital Management appoints MD for tech sector investment
21/02/2020 - 9:21am
Shubho Ghosh has joined hedge fund Opti Capital Management as a Managing Director focusing on technol - SHARE ARTICLE
In recent weeks we have covered the attempts by Premier Oil to change the terms of its debts, which would involve holders of its retail bonds, included in our Income Portfolio, receiving a higher rate of interest for a longer term. - SHARE ARTICLE
New York taxi drivers and politicians are raising alarms after a secretive hedge fund this week quietly became the city’s largest owner of taxi-medallion loans. Marblegate Asset Management — a tigh… - SHARE ARTICLE
"You don’t lead by pointing and telling people some place to go. You lead by going to that place and making a case." - Ken Kesey
If you believe - as we do - that everything is connected to everything else, then it stands to reason that all events - SHARE ARTICLE
The brief history of replication funds may already be divided into three waves, the third of which is still in formation. The first wave was about democratization: putting hedge fund strategies in the hands of people who cannot meet the accreditation requ - SHARE ARTICLE
BOSTON — Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry’s more profitable and durable professional marriages.Alexander Klabin will be leaving the $6. - SHARE ARTICLE
U.S. department store operator Sears has reached a deal for a fresh financial lifeline totaling roughly $100 million from hedge fund Brigade Capital Management LP, as it tries to stabilize after bankruptcy, people familiar with the matter said on Thursday - SHARE ARTICLE
Alaska Permanent Fund Corp., Juneau, disclosed $1.5 billion in commitments and direct investments in the fourth quarter, in a report for the $67 billion sovereign wealth fund's board two-day meeting that ends Thursday. Within its private equity and s - SHARE ARTICLE
You like what you like, and Jim Gorman really likes that talking baby.For nearly two decades, long before he was even at Morgan Stanley, let alone its CEO, James Gorman has coveted one thing above all else. And this thing, for some reason, was E*Trade. An - SHARE ARTICLE
Desperate times call for frugal measures.One is no longer allowed to be a Swiss bank. Sure, you’re still allowed be a bank in Switzerland. In fact, without banks, Switzerland would pretty much have nothing beyond chocolate, watches and skiing, and that’s - SHARE ARTICLE
Stockholm (HedgeNordic) – After returning 23.6 percent in 2019, precious metals-focused hedge fund Pacific Precious gained an additional 5.5 percent year-to-date through February 19. The fund’s B share class is up 6.1 percent year-to-date. The fund has be - SHARE ARTICLE
Zillow went all Vanilla Ice on emThe Opening Bell is powered by The Water Coolest. You can sign up for TWC's full, daily email newsletter here. In the meantime, check out one of the features from today's editi The post appeared first on dealbreaker..HOUSE PARTYGrab some Claws and head to t - SHARE ARTICLE
Stockholm (HedgeNordic) – Nordic CTAs performed strongly during the first half of February, based on figures from nine of the 15 members of the NHX CTA. RPM Galaxy, SEB Asset Selection Opportunistic, and Lynx (Sweden) are this month’s best performers so f - SHARE ARTICLE
The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of Bitcoin-holding customers out of pocket. - SHARE ARTICLE
20th Feb 2020 - 9:21am
Backstop Solutions Group introduces Agile Pipeline Management for alternative asset managers
20/02/2020 - 9:21am
Backstop Solutions Group, provider of a cloud-based productivity suite f - SHARE ARTICLE
20th Feb 2020 - 9:18am
BidFX launches mobile app to provide investment managers 24/7 access to global markets
20/02/2020 - 9:18am
BidFX, a cloud-based provider of electronic foreign exchange (FX) trading solu - SHARE ARTICLE
AMSTERDAM — Elliott Investment Management, U.S. billionaire Paul Singer’s activist hedge fund firm, has built up a 3.04% stake in Dutch insurer NN Group, a filing by the Dutch financial regulator AFM showed on Thursday. - SHARE ARTICLE
UK-based hedge fund Odey Asset Management has called on Anglo American to lift its bid for Sirius Minerals, the troubled fertiliser development firm in which it has a 1.29% stake. In a report by the Financial Times, Odey was quoted as saying in a letter t - SHARE ARTICLE
Doubts over Anglo American’s £405 million takeover of Sirius Minerals have deepened after the hedge fund run by Crispin Odey opposed the deal.Odey Asset Management said that Anglo’s 5.5p-a-share offer - SHARE ARTICLE
A Chicago alderman on Wednesday called for representatives of hedge fund Alden Global Capital, Tribune Publishing’s largest shareholder, to appear at a City Council committee hearing to talk about whether the company plans to invest in local journalism. - SHARE ARTICLE
B. G., Opalesque Geneva for New Managers: How can a long-term equity investment approach be differentiated? According to Tollymore Investment Partners, a sensible long-term, business owner investment philosophy is of no use if the investing ecosystem is a - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Artificial intelligence (AI) will contribute as much as $15.7 trillion to the world economy by 2030, according to a PwC report. That's more than the current combined output of China and India.
Of this, $6.6 trillion is likely t - SHARE ARTICLE
Laxman Pai, Opalesque Asia: US-based private equity firm Align Capital Partners (ACP) has announced closing its second investment fund at $450 million, 12.5% higher than its target size of $400 million.
ACP began raising the fund - featuring Align Capital - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Infra investor Greencoat Capital has raked in £277m ($358m) of capital commitments for its new Greencoat Renewable Income (GRI) fund.
Brunel Pension Partnership, Bristol, England, and the Superannuation Arrangements o - SHARE ARTICLE
From Bloomberg: Some of the most prominent investors are breaking from the crowd that has been chasing the rally in U.S. technology stocks. Hedge fund managers, whose positioning is closely watched as a gauge of market sentiment, have been selling technol - SHARE ARTICLE
From Institutional Investor: Alternative investments like private equity and hedge funds have long been the near-exclusive purview of ultrarich people and large institutions. Over the past two decades, massive inflows - particularly from big institutional - SHARE ARTICLE
Wellington Management launches US dynamic equity fund
From Investment Europe: Wellington Management has launched the US Dynamic Equity fund. This Ireland-domiciled Ucits fund aims to outperform the market by investing in a select group of high-conviction - SHARE ARTICLE
From Axios: Founders Fund has raised $3 billion for a pair of new funds, so expect a slew of headlines about how "Peter Thiel's venture capital firm" is now flush with cash. Thiel is essential to Founders Fund, but he's not autocratic. I - SHARE ARTICLE
GPF mulls offshore pension partnerships in alts push
From Asian Investor: Thailand 's Government Pension fund is contemplating teaming up with pension funds from other countries as it continues to ramp up its exposure to alternatives investments.
Five y - SHARE ARTICLE
More investment funds reduce ties with family behind Purdue Pharma
From WSJ: Two hedge funds are reducing their ties to the embattled Sackler family that owns OxyContin maker Purdue Pharma LP.
DeepCurrents Investment Group LLC and Sunriver Management LLC - SHARE ARTICLE
From Institutional Investor: A growing number of hedge funds are making bullish stock market bets with exchange-traded funds (ETFs). At the end of the fourth quarter, at least seven funds counted SPY - the S P 500-tracking ETF - as their largest U.S. long - SHARE ARTICLE
AP1 recruits new CEO from Nordea
From Expert Investor Europe: The board of directors of F Ouml;rsta AP-fonden (AP1) has appointed Kristin Magnusson Bernard as chief executive. She will assume the role on 1 September 2020, at the latest, and replaces Tere - SHARE ARTICLE
From Financial Post: A $4.5 billion buyout of Legg Mason Inc by rival Franklin Resources Inc announced on Tuesday is the latest example of how a decade-long shift into low-cost, index-tracking products is pushing stock-picking funds to join forces to rema - SHARE ARTICLE
Israeli banks should not deny services to crypto firms
Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit.
Instead of halting financial services for all crypto firms, - SHARE ARTICLE
Alaska Permanent is struggling to maintain an alternatives staff
From Institutional Investor: The Alaska Permanent Fund Corp. is struggling to attract and keep alternative investing talent, according to documents from its quarterly board meeting.
The so - SHARE ARTICLE
Distressed-debt funds sit idle in Europe's era of cheap money
From Bloomberg: One of the most aggressive corners of European finance is facing an existential challenge - a lack of companies going bust in an age of ultra-low borrowing costs. Hedge funds t - SHARE ARTICLE
Korean asset owners seek higher returns abroad
From IPE: Korea's $1.4trn ( euro;1.3bn) pension plan and life insurance sector is being forced to allocate more to overseas assets, especially to alternatives, in search of higher returns. In a research note - SHARE ARTICLE
US Democrats target private equity-owned hospitals with transparency bill
From PE News: Lawmakers in Congress are weighing a bill that would force private equity investors who back certain medical providers such as hospitals to disclose detailed financia - SHARE ARTICLE
From Institutional Investor: Sovereign wealth funds, "famously secretive" investment pools, are more aggressive than public pensions in seeking real estate abroad, according to researchers from Cornell University, University of Missouri - SHARE ARTICLE
We can survive only one of these things, sayeth the crankiest of cranky old men.Leon Cooperman is many things: A former Goldman partner. A (former) hedge fund manager. A rich person (and, not incidentally, a cheapskate). A father (unfortunately) and grand - SHARE ARTICLE
Three Naples, Fla., pension funds hired Cohen & Steers and Lazard Asset Management to run a total of about $9 million each in infrastructure portfolios.The pension funds' boards in a joint meeting Feb. 7 approved the recommendation of investm - SHARE ARTICLE
“One of America’s greatest financiers,” Michael Milken, can now vote for the reelection of America’s greatest president.Demonstrating that he learned the exact lesson the U.S. Senate taught him by acquitting him, which is to say the same lesson his entire - SHARE ARTICLE
NON-PROFIT BLK CAPITAL MANAGEMENT, 100% BLACK-OWNED & STUDENT-RUN HEDGE FUND, HOSTS 2020 NATIONAL WINTER CONFERENCE AT JP MORGAN (New York City – Feb. 28th& 29th, 2020) Conference to Culminate in Stock-Pitch Competition That Will Guide BLK Capital Mana - SHARE ARTICLE
Career dotcom entrepreneur and serial bootstrapper Jesse Proudman is the co-founder of Strix Leviathan, a quantitative hedge fund that’s beating the market through software and systematic investing. Like so many entrepreneurs, Proudman may have found his - SHARE ARTICLE
Hedge fund criticises 'unjust' takeover bid for Sirius MineralsThe GuardianHedge fund hits out at Anglo American's Sirius Minerals bid, 19 Feb 2020 11:42Shares magazineHedge fund pushes Anglo to improve Sirius offerThe TimesSirius Minerals: top hedg - SHARE ARTICLE
LONDON — Hedge fund Odey Asset Management said it would oppose Anglo American’s 405 million pounds ($526 million) bid to acquire a huge fertilizer project from Sirius Minerals, saying the terms do not represent fair value. - SHARE ARTICLE
Hedge fund says Anglo American has not declared its offer for Sirius as a final offer “because there is a risk of both the deal failing at its current level, and of an interloper at a later stage” - SHARE ARTICLE
(Bloomberg) -- Some of the most prominent investors are breaking from the crowd that has been chasing the rally in U.S. technology stocks.Hedge fund managers, whose positioning is closely watched as a gauge of market sentiment, have been selling technolog - SHARE ARTICLE
The switch to secured overnight financing rate(SOFR) discounting brings several complex issues and is impacting market practices. PingSun, senior vice‑president of financial engineering at Numerix, discusses the key issues, such as the differences betwe - SHARE ARTICLE
Hedge fund Odey Asset Management has hit out at the £405m takeover offer from Anglo American (AAL) for potash miner Sirius Minerals (SXX). It will refuse to vote in favour of the buyout. - SHARE ARTICLE
The Sirius Minerals share price has risen after Odey Asset Management revealed a stake. What should you do now? Sirius Minerals: top hedge fund targets higher bid. Here's what I'd do on The Motley Fool UK. - SHARE ARTICLE
HSBC ya later, losersThe Opening Bell is powered by The Water Coolest. You can sign up for TWC's full, daily email newsletter here. In the meantime, check out one of the features from today's editi The post appeared first on dealbreaker..BACK TO BASICSWhile most companies are currently loo - SHARE ARTICLE
Hedge fund says Anglo American has not declared its offer for Sirius as a final offer “because there is a risk of both the deal failing at its current level, and of an interloper at a later stage” - SHARE ARTICLE
19th Feb 2020 - 9:40am
Capitalead expands access to derivatives markets with Vela’s DMA Platform
19/02/2020 - 9:40am
Proprietary trading firm Capitalead has expanded its use of Vela’s DMA Platform to access g - SHARE ARTICLE
19th Feb 2020 - 9:38am
Velox Clearing appoints CEO
19/02/2020 - 9:38am
Velox Clearing has appointed brokerage industry veteran Michael Higgins as its Chief Executive Officer.
Higgins brings three decades of f - SHARE ARTICLE
19th Feb 2020 - 9:37am
FXCM Partners with TradingView on trading platform integration
19/02/2020 - 9:37am
FXCM Group has launched an API-powered integration with TradingView, an all-in-one financial platform - SHARE ARTICLE
The hedge fund run by Crispin Odey is pushing Anglo American to increase its £404 million, 5.5p a share offer for Sirius Minerals.Odey Asset Management said that it would vote in favour of any bid for - SHARE ARTICLE
A plan to have Chatham Asset Management take ownership of bankrupt McClatchy Co. swiftly ran into obstacles as a government agency raised concerns that the newspaper chain's dealings with the hedge fund disadvantaged its pensioners.
- SHARE ARTICLE
NEW YORK — As investors crunch numbers to identify how the coronavirus will hit China’s financial system, hedge fund supervisor Nathaniel Polachek has tied substantially of his outlook to the fate of a ship anchored around Weihai, China. Go through Much m - SHARE ARTICLE
We can, in a speculative mood, ask ourselves, “Will hedge fund fees continue to drop or have they reached an equilibrium after the decline of recent years?” But it would be better to ask instead “whose fees?” For talk of the “average” fee hides the fact t - SHARE ARTICLE
Laxman Pai, Opalesque Asia: New York-based private equity investment firm EagleTree Capital closed lower-middle-market buyout fund EagleTree Partners V at $1.12 billion.
ET V had an aggregate capital commitment of $1.118 billion, exceeding its initial ta - SHARE ARTICLE
Laxman Pai, Opalesque Asia: Pamlico Capital, a lower- to middle-market private equity firm based in Charlotte, closed its Pamlico Capital V (PC V) fund with $1.4 billion in commitments.
The North American private equity firm said that the fund exceeded i - SHARE ARTICLE
Laxman Pai, Opalesque Asia: The US and China remain the most preferred investment destinations for venture capital (VC) investors globally, said a study.
According to GlobalData, high-value VC investments (>=US$100m) also remain concentrated in th - SHARE ARTICLE
Eurekahedge Hedge Fund Index up 0.14% in January
Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.14% in January, ahead of the underlying equity market as represented by the MSCI ACWI (Local) which lost 0.90% over the same period.
G - SHARE ARTICLE
The US presidential campaign has begun in earnest, with voting in the primaries already underway. Markets are awaiting the choice of Trump's ultimate rival. The dynamics of the Democratic party primaries should be clearer by the end of March, with 60% of - SHARE ARTICLE
Canyon Partners launching new fund
From Institutional Investor: Canyon Partners is introducing a new product in the second quarter - the Canyon Value Realization Fund-X - according to the firm's fourth-quarter letter recently sent to clients. The fund wi - SHARE ARTICLE
Bruce Berkowitz is back!
From Institutional Investor: Famed value investor Bruce Berkowitz has hit hard times over the past decade, with big bets on losers like Eddie Lampert's Sears Holdings. In fact, over the past 10 years, his Fairholme Fund's annuali - SHARE ARTICLE
PPL, subsidiaries to contribute $347m to U.S. pension plans in 2020
From PIonline.com: PPL Corp., Allentown, Pa., and its subsidiaries expect to contribute a total of $347 million to its U.S. defined benefit plans, according to its latest 10-K filed Feb. - SHARE ARTICLE
David Tepper joins throng of hedge fund managers in Intelsat
From FT: David Tepper's Appaloosa Management has taken a 7 per cent equity stake in Intelsat, becoming the latest hedge fund to weigh on the high-stakes battle over the satellite operator's val - SHARE ARTICLE
From Institutional Investor: The Public Employees' Retirement System of Mississippi has found a new chief investment officer after roughly seven months of searching.
Mississippi PERS announced February 14 that it hired Robert Clark to replace former CI - SHARE ARTICLE
Michael Bloomberg pushes for crypto regulation
From Bitcoinist: U.S. presidential candidate Michael Bloomberg is proposing rules that will clarify the status of crypto assets within the financial system. Bloomberg intends for these to offer greater gover - SHARE ARTICLE
Franklin Resources to buy Legg Mason, forming $1.5tn asset manager
From CNBC: Franklin Resources announces a deal to buy Legg Mason, a tie-up that could help each navigate a worldwide shift in investor preference away from active management.
Franklin sa - SHARE ARTICLE
Sequoia Capital moves fundraising online as Chinese entrepreneurs and bankers remain grounded amid coronavirus
From SCMP: Sequoia Capital, one of the country's biggest names for tech investment, is set to move its matchmaking meetings between start-ups a - SHARE ARTICLE
can now count billionaire investor Jim Simons as a major shareholder (at least during Q4). According to a form 13G filing (similar to the 13F in that it discloses stock investments by large investors) ... - SHARE ARTICLE
Record Wall Street rally triggers boom in options
From FT: While the S P 500, Dow and Nasdaq have surged to record highs in recent weeks, another rally has taken hold. The US options market has been experiencing a huge jump in trading - led by large-capi - SHARE ARTICLE
From Institutional Investor: President Donald Trump has pardoned "junk bond king" Michael Milken, who was sentenced to ten years in prison in 1990 after pleading guilty to six charges of criminal violation of securities laws.
Milken, - SHARE ARTICLE
Wall Street targets Nordic nations after latest wealth spike
From Bloomberg: One of the world's richest corners has become a magnet for a growing number of Wall Street firms. The Nordic countries -- best known for their universal welfare models and domin - SHARE ARTICLE
Japan Inc. sees slower returns from overseas investments
From Nikkei: Japanese companies are seeing significantly slower growth in returns from their overseas investments as the global economy begins to sputter, threatening a business model that relies h - SHARE ARTICLE
If the Ivy League can't get this right, who can?
From Institutional Investor: Last year was a great one for private equity and venture capital, but Ivy League endowments, with their huge allocations to alternative investments, didn't all benefit, accordi - SHARE ARTICLE
From FA Mag: Fears that the coronavirus outbreak will hurt China's economic prospects fueled a slump in investors' global growth expectations, Bank of America Corp.'s survey showed. A deterioration in the outlook for China saw bets for world economic expa - SHARE ARTICLE
By pulling its money from Element Capital, fund-of-funds operator Evanston Capital removed the largest position in its portfolio — and a significant contributor to its returns in recent years.Evanston was among several investors to submit redemption notic - SHARE ARTICLE
Citadel is making plans as big as a Ken Griffin beachside getaway.Now that he’s all but cornered the U.S. securities market, Ken Griffin is looking for a new land to conquer—and that land will be China. Citadel Securities already has a beachhead in Shangh - SHARE ARTICLE
You can be sure Jim Simons took some deep, satisfying drags as Elon Musk made him another $2 billion.We’ve heard a lot about the hedge funds—and, really, specifically the hedge fund—getting repeatedly kicked in the nuts by Elon Musk. About the billions an - SHARE ARTICLE