Hedge fund manager Ray Dalio says the economy isn't growing because 'the world has gone mad'
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Central banks have been giving cheap money to investors who have been injecting it into companies that are often unprofitable and don't contribute to economic growth, says billionaire hedge fund ...

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Shale driller has been under pressure from activist alleging mismanagement over Anadarko deal





Hedge fund ExodusPoint plans new fundraising  Financial Times








The Gordon Haskett analyst who discovered Carl Icahn was investing in HP now says someone looks to be buying a stake in Netflix.


The blooming weed industry promised massive revenues, a nascent agrarian industry, a booming supply chain, and soaring local taxes. While it has delivered on all of those things in limited fashion, recent earnings calls from market leaders like Tilray ($NASDAQ:TLRY) have analysts and investors ...



This speaks for itself: The Dow Jones Industrial Average hit a fresh record high on Friday after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal. Oh, DJIA, girl, you need to stop letting him do this to you. You know he's lying but you at ...





Start your day with the Opening Bell powered by The Water Coolest. The Water Coolest is the preferred bathroom stall reading material of finance professionals. Sign up for the free daily newsletter. JUST BEAT IT People of Walmart rejoice... the world’s largest retailer reported a beat of its ...


The Anti Money Laundering (AML) service portfolio of Estera Law (Cayman), formerly U Law Limited, will be consolidated into Estera Trust (Cayman) Limited following the business affiliation relationship which was announced last month.



Ares Management Corporation has appointed Michael Schechter as Partner and Head of Credit Trading.


Prescient Fund Services (Ireland) Limited, an independent provider of globally competitive and flexible outsourced management company, platform and fund administration services, has converted two of its fund platforms from PLCs (Public Limited Companies) to ICAVs (Irish Collective Asset-management Vehicles).


Janney Montgomery Scott, a full-service wealth management, capital markets, and asset management firm, is to utilise iCapital Network’s platform technology in a white-label solution to enhance the alternative investment capabilities on its platform.


ExtractAlpha, a provider of unique alternative data sets and predictive models for institutional investors, has launched Insight, a comprehensive alternative data analytics solution for portfolio managers and analysts to understand their portfolio’s exposure to alternative data-driven factors.


The Maples Group, a global service provider offering clients a comprehensive range of legal, fiduciary, fund, regulatory and compliance, and entity formation and management services, has recently appointed its thousandth member of staff.


Caspian, a full-stack crypto trading and portfolio management platform for institutional investors and sophisticated traders, has partnered with Tagomi the leading global digital assets prime broker.


Nomura Research Institute (NRI), a provider of consulting services and system solutions, is launched Shingan AD, a new service providing institutional investors with Japanese alternative data and data analysis on 1 December2019.





The term “greater fool theory” refers to the many circumstances in which speculators buy a (potentially) productive asset, basing their buy decision not on the asset’s operational value, but on the notion that there is a “greater fool” out there who will pay even more. The term refers, then, toRead More


Bailey McCann, Opalesque New York: Investors are continuing to allocate to alternatives, but they 're choosing private equity and real estate over hedge funds according to EY 's latest Global Alternative Funds Survey. Investors also want to see a robust talent management strategy and greater alignme...



Laxman Pai, Opalesque Asia: San Francisco-based technology-focused midmarket firm Alpine Investors has raised $1 billion for its newest fund, the largest amassed by the firm to date. The final tally for Alpine Investors VII LP was nearly double the $532 million the San Francisco-based firm raised fo...


Laxman Pai, Opalesque Asia: 2018 was a record-breaking year for US-based venture capital funds, and 2019 is poised to overtake it in terms of both the number of funds closed and amount of capital raised. At the end of Q3, 299 venture capital funds have already closed this year, raising an aggregate...


Ex-Citadel, Highland managers start hedge fund with $750m From Bloomberg: David Witzke, a former money manager at Citadel, started his health-care focused hedge fund Avidity Partners Management with about $750 million in commitments, according to people familiar with the matter. The Dallas-based...


Virginia commits $250m to private equity, real assets From PIonline.com: Virginia Retirement System, Richmond, committed $250 million to private equity and real assets and terminated a credit manager, the $82 billion pension fund announced Wednesday. In private equity, the pension fund committed...


Hedge funds shop for Netflix, Facebook in volatile third quarter From Bloomberg: U.S. hedge funds bought shares of Facebook Inc. and Netflix Inc. despite steep declines in the technology darlings during a volatile third quarter. Chase Coleman and David Tepper were among the money managers who in...



Deval Patrick resigns from Bain Capital to run for president From PIonline.com: Deval Patrick resigned as co-managing partner of Bain Capital's Double Impact business to join the race for the Democratic Party's presidential nomination, a Bain Capital spokesman said. Mr. Patrick, who was governor...


SEC's settlements with some cryptocurrency firms showing cracks From WSJ: Regulators' efforts to push cryptocurrency startups to comply with laws governing fundraising may be faltering, as several firms that agreed to fix past misdeeds missed deadlines to repay investors or provide more transparenc...


Quant hedge fund Aspect sees more FX risk on investor radars From Bloomberg: Aspect Capital Ltd., a quantitative hedge fund with about $7 billion in assets, is seeing greater demand for currency hedging products from Australian pension funds looking to boost returns. The money management company...


How Warren's wealth tax would hit 'rich list' hedge fund managers From Institutional Investor: Bridgewater Associates' founder Ray Dalio likes to say that capitalism isn't working for most Americans - one thing the hedge fund heavyweight and Democratic presidential hopeful Elizabeth Warren can agr...


EU set to revise MiFID II following backlash From FT: Brussels is preparing to retune some of its Mifid II markets rules from next year, less than three years after implementation, following a wave of criticism from investors and regulators over the effectiveness of the far-reaching legislation. ...


Korea: Minimum investment in hedge funds to be raised to $26m From Business Korea: Individual investors' minimum investment in hedge funds will be raised from the current 100 million won to 300 million won ($26m). Eun Sung-soo, chairman of the Financial Services Commission, announced on Nov. 14 a s...


From Financial Post: One of the features of this decade-long bull market is the rise of private equity. PE firms are in the middle of almost every corporate deal, and many buy, sell and merger transactions have multiple firms involved. PE managers are raising larger amounts of money with each new f...


It really is time to outsource your trading From Institutional Investor: Asset managers are vigilant about looking for signals of impending change in the markets, and rightly focused on investment returns - it's what they are paid to do, and they are good at it. But as they push on to meet client e...


From Bloomberg: Warnings of a capital war between China and the U.S. are growing louder. The conflict between the two countries could expand beyond trade and technology, Bridgewater Associates founder Ray Dalio said at the annual gala of the National Committee on U.S.-China Relations in New York The post appeared first on opalesque..


How SoftBank is putting its stamp on LatAm's venture capital scene From Reuters: SoftBank, whose $5 billion Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene. ...


Europe investments by ESG funds to rise by $1.2tn From Bloomberg: The letters E, S and G have started to gain traction among investors in recent years as diversity issues and a Swedish teenage climate activist dominate headlines, showing how environmental, social and governance concerns have come t...


Icahn suffers Occidental legal blow as Buffett buys in From FT: Activist investor Carl Icahn was dealt a blow in his campaign against the management of US shale driller Occidental Petroleum, where he has been trying to force his way on to the board in the wake of its deal to buy rival Anadarko. ...


Here's what hedge funds pitched at the Sohn London conference From Bloomberg: Hedge fund bears regained a dose of confidence at an annual gathering of industry managers in London on Thursday. While most of the bets at the Sohn investment conference were long, three were short ideas and one was a...


Fingers point at hedge funds after Japan bond sell-off  Financial Times



If Carl Icahn doesn’t like a proposed merger or acquisition, it’s a pretty safe bet you’re gonna hear about it. And he really, really didn’t like Xerox’s proposal to Fujifilm that the Japanese company buy it. This probably had something to do with the entire rationale for that merger being, “make ...


Warren Buffett’s investment group also reports holding in Occidental Petroleum


Trend-following investors switched bets after price crossed key threshold


Fund manager suffered redemptions after FT reports of ties to racy German financier




Elizabeth Warren's presidential campaign continues to rest on the premise that she can convince enough of the left-to-center Democratic base that her policies are legitimate enough to actually strike fear in the hearts of "The 1%" thus making her an actual populist in a 2020 general election that ...



With the important caveat that we said the same thing about the current occupant of the Oval Office, it’s safe to assume that Michael Bloomberg is not going to be president. The only people who seem to want him to be are billionaires, and there are only about 600 of those in the U.S. Everything ...





Yesterday, Fed Chair Jay Powell went up to Capitol Hill for a chat on the Fed's economic outlook and talked about how negative rates are dumb, inflation doesn't keep him up at night, and pretty much ignored any chance to take a shot at his bully: the actual president. Overall, it was an exceedingly ...




James Yeh has worked for Ken Griffin for 22 years without getting fired. (He retired at the age of 47, because that’s the kind of the thing you can do when you were one of Citadel’s first employees, but was welcomed back with open arms four years later.) This ought to be impossible. But like ...



Start your day with the Opening Bell powered by The Water Coolest. The Water Coolest is the preferred bathroom stall reading material of finance professionals. Sign up for the free daily newsletter. SHOE DOG GONE Nike out. On Wednesday, the sportswear goliath announced it will no longer be selling ...


Atalaya Capital Management, an alternative asset manager focused on private credit and special situations investments, has closed its seventh Special Opportunities Fund (ASOF VII) at its USD950 million hard-cap.


Cryptocurrency futures exchange OKEx has launched USDT-Margined Futures, following a successful simulation beginning 5 November, 2019. The BTC/USDT Futures Contracts officially went live on 14 November, 2019.


The managed futures industry suffered a second straight down month in October declining 0.74 per cent, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.


Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast. A prominent money manager who oversees $1 billion in assets is betting on a stronger pound. Ben Melkman, who quit Brevan ...



On November 7, 2019, the U.S. CFTC (Commodity Futures Trading Commission) announced that it was ordering proprietary trading firm, Tower Research Capital, LLC (TRC), to pay $64.7 million in restitution, disgorgement and penalties for what amounts to the "largest total monetary relief ever ordered in a spoofing case." Apparently, this is all due to activity [...]



Investors race to tech start-ups despite SoftBank stumbles  Financial Times


As we approach the completion of our initial bulge broker analysis in equities - leaving Citi, Barclays and BNP Paribas modeling among some of the remaining work to be done - today's addition to the thread is none other than the masthead for what used to be known as the "Thundering Herd": Merrill Lynch Pierce [...]



Laxman Pai, Opalesque Asia: Global buyout firm CVC Capital Partners has raised $1.6 billion to invest in growing technology companies. The new fund, CVC Growth Partners Fund II, is more than 50% larger than the firm's first tech-focused fund, which closed with $1 billion in 2016. That fund has backe...


Laxman Pai, Opalesque Asia: ESG remains a top priority for institutional investors as 46% of respondents in a survey cited the need to meet fiduciary duty and regulations as a key driver for adopting ESG principles. A survey conducted by State Street Global Advisors also found that 46% cited ESG r...


Laxman Pai, Opalesque Asia: Venture capital deal activity in the US slowed in Q3 2019, but full-year activity is on track to set a new annual record. Venture capital deal activity in Q3 2019 dropped to 1,027 deals and $22bn in capital deployed - the lowest total value in any quarter this year, said ...


Watching people play video games is an asset class now From Institutional Investor: Artist Capital Management, a growth-oriented asset management firm founded last year, has closed a fund focused on providing institutional investors with access to professional and competitive online gaming, or espo...


Opalesque Industry Update - The gross return of the SS C GlobeOp Hedge Fund Performance Index for October 2019 measured 1.15%. Hedge fund flows as measured by the SS C GlobeOp Capital Movement Index advanced 0.50% in November. "SS C GlobeOp's Capital Movement Index showed a gain of 0.50%...


San Diego City Employees commits $30m to real estate fund From PIonline.com: San Diego City Employees' Retirement System committed $30 million to NREP Nordic Strategies Fund IV, a closed-end, value-added real estate fund. The $8 billion pension fund's board approved the commitment at its meeting No...


Majority of fixed-income managers have struggled to outperform From Institutional Investor: Many fixed-income managers have struggled to produce market-beating gains this year from their bets in government and corporate debt. The majority of active fixed-income managers lagged their benchmarks i...


Ken Griffin's hedge fund firm Citadel will have two chief investment officers From Institutional Investor: Griffin, the founder and CEO, will split the CIO job with James Yeh, who has also been named president of the firm effective January 1, according to a Wednesday statement from Citadel. Yeh, ...


Crypto.com launches new exchange eyeing top-10 slot within 5 years Crypto.com launches its cryptocurrency exchange - marking a significant step forward in its mission to accelerate the world's adoption of cryptocurrency. Crypto.com Exchange enables users to trade digital assets on the most liquid a...


Funds almost double sterling hedges ahead of December election From Financial News: UK-based private equity firms are starting to lock in the current value of the pound as they try to profit from the weakened currency, which has been under pressure since the Brexit vote of 2016. The findings fro...


Federal Retirement Thrift presses on with TSP China investment From PIonline.com: The Federal Retirement Thrift Investment Board, Washington, is moving forward with plans to shift billions of dollars in retirement assets to an index fund that includes Chinese companies, despite calls from Capitol H...


H2O auditor flags rule breach during summer liquidity squeeze From FT: H2O Asset Management broke rules governing open-ended funds during a liquidity crisis in June, according to newly published accounts that reveal that the fund manager blew through limits on counterparty risk. The London-based...


Scandal at largest Korea hedge fund triggers record outflows From Bloomberg: South Korea's $29 billion hedge-fund industry just saw its worst withdrawals ever, after its largest fund froze redemptions from investments on illiquid assets. Outflows from local hedge funds reached a record 700 billi...


Venture capital missing out in developing world From Asia Times: The state of African venture capital (VC) funding took a turn in 2018 with funding for African startups growing by an astounding 300%. VC firms are starting to take notice of established and early-stage startups on the continent and a...


Hedge fund founder Andrew Redleaf says prepare for low growth 'for a very long period of time' From Forbes: Andrew Redleaf, who founded the hedge fund Whitebox Advisors, says the coming years will be marked by lower economic growth in the U.S. and that investors should prepare for bankruptcies, esp...


Companies are getting better at explaining how they integrate ESG factors into their business. But ESG is primarily not something you can use to target US investors with - at least not for now, according to Karen Bodner, head of global investor relations advisory at BNY Mellon Depositary Receipts. ...


From Bloomberg: The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year, a top Treasury official said. The regulations will likely bar money managers from using S corporations to take advantage of an exemption to ...









Even the most intense critics of the #MeToo movement will have to admit that it has caused a dramatic upheaval of office dynamics in American society and that many powerful men throughout American business have paid a huge price for office behavior that is now considered irredeemable. This is ...




Gregory Zuckerman’s “The Man Who Solved the Market” tells the extraordinary story of an investor (not named Warren Buffett) who made a fortune on Wall Street.




Citadel promoted veteran leader to the new positions of president and co-CIO effective Jan. 1.



This Special Report showcases some of the US hedge fund industry's top service providers, including fund administrators, regulatory and compliance specialists, law and accounting firms, as well as fintechs providing a range of solutions for fund managers…



Two Sigma has launched Venn, a cloud-based investment analysis software platform. Venn was introduced initially on a limited, invite-only basis, but is now available to institutional investors and wealth managers among others.


With more investors increasing allocations to private equity and other alternative asset classes, largely at the expense of traditional hedge fund offerings, alternative fund managers are examining their strategic priorities and focusing on how to develop products and prepare their business for a rapidly evolving future.


The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who perform investment and operational due diligence, has appointed Kelly DePonte, Managing Director at Probitas Partners, to its Advisory Board.




EDBI,a global Asian-based Investor, is now a Pico investor and strategic partner. Pico provides transparent, low-latency financial markets solutions.






Align: Best Cyber-Security Services Provider –In the fast-paced world of technology, efficiency and speed are highly valued. Align, a technology infrastructure solutions & managed IT services firm, prides itself on offering clients the innovation that occurs in the public cloud at a faster rate than any of its competitors. This, in turn, allows its clients access to the full benefits of these developments.


Peaks Strategies: Best Public Relations Firm -Technology is playing a greater role in all aspects of the asset management value chain and communications agency Peaks Strategies is focused on introducing new, analytical technologies to help clients better understand the impact and the effectiveness of PR.


Agecroft Partners: Best Third Party Marketing Firm –In order to attract high quality hedge funds and help grow their assets, a hedge fund consulting and marketing firm needs to nurture its reputation for having strong investment knowledge, being ethical and highly selective in terms of the hedge funds it chooses to represent. Agecroft Partners is a consulting and third party marketing firm whose objective is to be viewed in the marketplace as a thought leader within the hedge fund industry; a firm of high institutional quality and representing some of the top hedge funds in the industry.


Horseshoe: Best Offshore Hedge Fund Administrator –As the pace of change accelerates, operational excellence, customisation and innovation becomes critical. In view of this, Horseshoe is focused on growing its brand in the fund administration industry by launching services to help clients streamline their processes and improve their efficiency.



UMB Fund Services: Best Hedge Fund Administrator –Atop priority for UMB Fund Services is the client experience. One of the essential building blocks is a considerable investment in technology which helps ensure UMB’s clients have at their disposal a wide range of tools to support their own product offering to investors.


SS&C Advent: Best Managed Account Platform Technology Firm –Alternative managed accounts have become increasingly popular with institutional investors over the past decade, and Geneva is among the first platforms that enabled fund managers and administrators to service this market at scale.


SS&C Eze: Best Front to Back Technology Firm –Joining SS&C Technologies in October 2018 has helped Eze Software get closer to its goal of bringing together different parts of the financial ecosystem in efficient and effective ways. Being part of a larger entity has helped Eze extend its knowledge of project management best practices and apply them to help customers tailor and optimise their operations.


EisnerAmper: Best Accounting Firm –EisnerAmper LLP is among one of the nation’s largest accounting firms, with a dedicated and well-established Financial Services Practice that provides audit, tax, and advisory services. Our Financial Services Practice, comprised of the Asset Management and Capital Markets Groups, is the largest industry group within EisnerAmper servicing more than 2,500 financial services clients.


Opus Fund Services: Best Hedgefund Administrator for Start-Up and Emerging Funds –Championing growth and development both internally and externally, Opus is making big moves to close out 2019 and head into the coming year with vigour.





Viteos: Best Shadow Accounting Firm –The investment book of record (IBOR) a crucial component for a hedge fund manager, is facing a number of challenges as managers search for alpha. Shankar Iyer (pictured), chief solutions officer at Viteos, explains how innovation is helping hedge funds alleviate some of these pressures.


Mark Cuban and Leon Cooperman don’t have much in common beyond 10 figures in the bank and allegations of insider-trading. Certainly, they don’t see eye-to-eye politically. But Democratic presidential frontrunner Elizabeth Warren has a way of making strange bedfellows, certainly among the Forbes ...



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