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Hedge Fund Industry Intelligence

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Opening Bell 7.11.19
1w ago

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. LOCKED AND LOADED Need proof that the Fed will indeed cut interest rates in July? Look no further ...

Industry Headlines:

The Irish Times - Investors can only hope Trump fails in his latest attempt to bend the Fed to his will.


An interesting scoop from Politico reveals something that we've somehow known about for years: Wilbur Ross is an exhausted 81-year-old man who is very bad at being Commerce Secretary [Wilbur] Ross doesn’t hold routine meetings with senior staffers, according to a person familiar with the ...


Ray Dalio was wrong about stuff all the time in 2018, and it didn’t matter: Bridgewater Pure Alpha still returned 14.6%, enough to earn him a cool $2 billion and the right not to have to be in Joe Kernan’s presence anymore. Well, Dalio is still racking up the wrongness in 2019, but now it’s not ...


The New York Times - Mr. Epstein, who has been charged with sex trafficking, did business with a prominent banker, a top private-equity executive and a hedge-fund billionaire.


Institutional Investor - Allocations to some hedge funds still aren't enough to stop the bleeding.


Breakingviews - The industry has become a chronic investing laggard as most assets rise. Even the flagship fund of Ray Dalio's Bridgewater was down some 5% this year.


Barron’s tells us that Bond Pope Jeffrey Gundlach inspires “intense loyalty” among his 255 underlings, an assertion that as far as we can see is backed up by facts beyond even the “now-very-valuable equity stakes” in his DoubleLine Capital that many of them hold. Still, loyalty and valuable equity ...


Fortune - Commentary: Elizabeth Warren's new bill, the Stop Wall Street Looting Act, holds private equity firms liable for their damage.


City A.M. - CityAM - London-based hedge fund Odey Asset Management said today that it will accept Barrick Gold's final offer to buy Acacia Mining [...]


Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.


We still get a giddy tingle in the dark part of our soul when we see an announcement from Etsy in our email. The Brooklyn-born internet flea market is one of our earliest and dearest targets of snark. All that do-gooding and hipster pathos has made for great copy in the past and we are always ...


Eze Eclipse, SS&C Eze's front-to-back office investment management platform, has signed on more than 70 hedge fund clients.


Algorithmic trading company, Vanguard Capital AG, has appointed Imran Lakha to its Senior Management team.


Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has expanded its direct streams capabilities in on-the-run (OTR) US Treasuries.


Vanity Fair - The disgraced financier's relationship with mega hedge-funder Glenn Dubin and his wife provides a window into how he ran his money.


We've been seeing a lot of warning signs that this big beautiful Trump economy is starting to run out of b̶u̶l̶l̶s̶h̶i̶t̶ steam, but now we're seeing that even people inside 200 West Street are reportedly looking to jiggy with some exploration of downside potential in the pretty near future: The ...


Reuters - Hedge funds purchased oil last week at the fastest rate for almost a year, as escalating tensions in the Middle East and hopes for a cut in U.S. interest rates ...


Nasdaq - LONDON, July 22- Hedge funds purchased oil last week at the fastest rate for almost a year, as escalating tensions in the Middle East and hopes for a.


The SS&C GlobeOp Forward Redemption Indicatorfor July 2019 measured 2.69 per cent, down from 3.81 per cent in June.


SANNE, a provider of alternative asset and corporate business services, has appointed a new director and head of business development for Mauritius and India. The move comes following SANNE’s announcement last year to expand the business and open an office in Mumbai, India.


Axios - A daily look at the news, trends and intrigue dominating business, finance and markets, by Dion Rabouin.


Financial News - Founding partners among those to have left the high-profile bond investor.


Wealth Professional - In its most recent global survey of hedge funds, the Alternative Investment Management Association (AIMA) found that managers are increasingly pursuing ...


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. KING OF THE CASTLE In what is basically the plot line to ‘Entourage’s’ “One Day in the Valley” ep, ...


Opalesque - In the week ending July 19th 2019, the HFR Global Hedge Fund Industry Report said hedge fund assets reached a new record in the second quarter, driven by ...


MarketWatch - Fascinating new data from Bank of America shows how terrified money managers are chasing the stocks that have already gone up, in the hope of not getting...


Investors pulled USD16.43 billion from the hedge funds in June, bringing year-to-date (YTD) outflows to -USD44.61 billion, according to the June 2019 eVestment Hedge Fund Asset Flows report. Overall industry AUM stood at USD3.273 trillion in June.


TriOptima, an infrastructure service that aims to lower costs and mitigates risk in OTC derivatives markets, has completed the first cleared inflation swap compression run at LCH SwapClear.


MoneyWeek - Every now and again, markets undergo a “paradigm shift”. Hedge fund guru Ray Dalio thinks we're near one now. And he's buying gold. John Stepek explains ...


Opalesque - Event Driven funds were the big asset winners in June, bringing in +$1.89bn in June. YTD these funds have pulled in +$10.64bn, making them the asset flow ...


Liontrust’s has appointed, subject to regulatory approval, Mandy Donald as an Independent Non-executive Director on the firm’s board, effective 1 August 2019. Donald will also become Chairman of the Audit & Risk Committee on 20 September 2019.


This is Money - The deal with Cerberus Capital Management, which could be announced on Wednesday according to Sky News, would boost the bank's capital position after a ...


This is Money - The deal with Cerberus Capital Management, which could be announced on Wednesday according to Sky News, would boost the bank's capital position after a ...


Citywire Financial Publishers - Embattled Neil Woodford has injected an additional £10 million in digital bank Atom and sold his 16% stake in activist fund Crystal Amber. Woodford joined ...


Telegraph.co.uk - Metro Bank is racing to offload around half a billion pounds of mortgages to a US hedge fund in the hope it will boost its latest numbers after a “particularly tough” ...


Financial News - In 2011, when the Duke and Duchess of Cambridge needed a high-profile event to mark their first official engagement as a married couple, it was almost beyond ...


Many investors with long horizons are increasing their allocation to private equity funds: to extract the gains from managerial skill in that field, to reap the illiquidity premium, and simply to diversify. TIAA Endowment & Philanthropic Services has put out a paper on the creation and maintenance of a privateRead More


The Times - An American financier who served as an inspiration for Gordon Gekko in the film Wall Street is pursuing the activist investor that is trying to overhaul First Group ...


B. G., Opalesque Geneva: The Bahamas Central Bank is preparing the creation of the Bahamian digital dollar to enable more financial inclusion and economic growth, to show the world that the jurisdiction is innovative and technology-oriented and is committed to anti-money laundering, said the partici...


Laxman Pai, Opalesque Asia: American venture capital firm based Sierra Ventures announced that it raised $215 million for a twelfth fund. The early-stage technology-focused VC firm said that "[the] fund was oversubscribed and the prior fund's institutional investors increased their commit...


From FT: Bridgewater's flagship fund suffered one of its worst first-half performances in two decades this year after being wrong-footed by rebounding markets. The $150bn hedge fund group founded by Ray Dalio saw its Pure Alpha fund, which tries to surf macro-economic trends, lose 4.9 per cent in th...


From Institutional Investor: The closure of Jack Meyer's Convexity Capital Management marks the third hedge fund founded by a Harvard Management Company alum to close down their hedge fund firm in less than a year - and adds to the list of hedge fund luminaries who have given up on the business. A...


Aberdeen Standard to launch equity fund in 'volatile' China A-share From Insider: Aberdeen Standard Investments is to launch a new China equity fund which it has billed as "not for the faint hearted". The finance firm's China A-Share Equity Fund will mirror the portfolio of its ...


From WSJ: Carlson Capital L.P. is weighing whether to shut down what was once one of the Dallas-based company's largest funds, with the fund's two portfolio managers having already left the firm, according to people familiar with the situation. The fund, known as the Black Diamond Thematic Fund, c...


Detroit Police Fire allocates $75m to 5 alts funds From PIonline.com: Detroit Policemen Firemen Retirement System made five new commitments totaling $75 million, recently released board meeting minutes show. The $3.3 billion pension fund's board at its June 6 meeting approved the five commitm...


Short-sellers cash in on Asos woes From The Times: Hedge funds have made an estimated paper profit of pound;150 million by shorting shares of Asos during the past year after the online fashion retailer issued three profit warnings. The company's stock is down by 65 per cent over the last 12 m...


British MPs to scrutinise Facebook's new cryptocurrency From Financial News: An influential British parliamentary committee wants to probe Facebook's controversial new cryptocurrency over fears that the social media giant's move into the financial sector will grant it too much power. Damian Col...


Investors seek an edge by using technology that reads between the lines From Fortune: Ever since British economist JohnMaynard Keynes first declared that investors are prey to people's urge to act,however irrationally, the financial world has tried to quantify the impact ofpublic sentiment on sto...


UK funds with small-cap weighting at higher risk of liquidity shock From FT: UK funds are among the most vulnerable to a liquidity shock, especially large products that invest in small companies, according to a wide-ranging analysis of Europe's asset management industry. Research company MSCI a...


SoftBank's magic lamp keeps sending the Alibaba genie From Nikkei: Like the genie in Disney's "Aladdin" movies, Alibaba Group Holding grants SoftBank Group's wishes. SoftBank expects to chalk up consolidated pretax profit of 1.2 trillion yen ($11.1 billion) for the April-June pe...


From CNN: Asen Genov is pretty furious. His personal data was made public this week after records of more than 5 million Bulgarians got stolen by hackers from the country's tax revenue office. In a country of just 7 million people, the scale of the hack means that just about every working adult has ...


Private equity firms poised to sign record number of deals From FT: Private equity firms are this year set for their highest number of deals as record-low interest rates spur debt-fuelled company buyouts. A report by Bain Company forecasts an all-time high of 212 "take-private&quot...


From City Wire: The outperformance of all US stocks can be narrowed down to a simple 51-month period between 1926 and 2018, according to Morningstar research. Citing a '5% rule', the research company said there was a definite period which accounted for the bulk of all outperformance. 'If you held ...


Danger urks for stock managers chained to crowded trades From Bloomberg: It's an old saw of professional money management that nobody gets fired for buying IBM. But in 2019, the perils of groupthink may be creating their own kind of career risk for stock investors. So says Bank of America, high...


City A.M. - CityAM - Struggling lender Metro Bank is set to sell £500m of mortgages back to US hedge fund Cerberus in a bid [...]



Bloomberg - Bridgewater Associates' flagship Pure Alpha fund lost 4.9% in the first half, one of its worst performances in two decades, the Financial Times reported.


Financial Times - Bridgewater's flagship fund suffered one of its worst first-half performances in two decades this year after being wrong-footed by rebounding markets.


Financial Times - Bridgewater's flagship fund suffered one of its worst first-half performances in two decades this year after being wrong-footed by rebounding markets.


An American financier who served as an inspiration for Gordon Gekko in the film Wall Street is pursuing the activist investor that is trying to overhaul First Group for fees and expenses he claims he ...


Overall, as you would expect when it comes to a matter of uniform details, Paul Lukas is spot on with his analysis of the news that Major League Baseball teams are likely to add corporate sponsor patches to their jerseys in a few years. “Simply put: We’ve lost,” Lukas writes. “This is the world we ...


Chronicle Live - The Sunday papers have *fresh* claims about the Bin Zayed Group's interest in Newcastle, as well as a host of transfer links.


Hartford Courant - Hedge fund billionaire Raymond Dalio — famous for his corporate philosophy of open communication and “radical transparency” within the walls of his ...


ArabianBusiness.com - An American hedge fund, which has the backing of Japanese investment giant SoftBank, has been involved in talks with Dubai-based Bin Zayed Group about ...


Jamaica Gleaner - QUESTION: What is the difference between a mutual fund and a hedge fund? – Jaden FINANCIAL ADVISER: Mutual funds and hedge funds are investment ...


Bloomberg - It's an old saw of professional money management that nobody gets fired for buying IBM. But in 2019, the perils of groupthink may be creating their own kind of ...


This is Money - An American hedge fund backed by Japanese investment giant SoftBank has been holding talks with the Dubai-based Bin Zayed Group which is interested in ...


Opalesque - Hedge fund assets reached a new record of $3.245 trillion in the second quarter, driven by performance gains and investor re-allocations to top hedge fund ...


GuruFocus.com - Investors poured the most money ever into hedge funds during the second quarter, surpassing a 2018 record, as returns soared. Assets managed by hedge ...


Reuters - A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc's 2016 acquisition of consumer goods company ...


Financial Post - WILMINGTON — A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc's 2016 acquisition of consumer ...


The Wall Street Journal - Carlson Capital is weighing whether to shut down one of its largest funds, with its two portfolio managers having already left the firm.


Institutional Investor - The closure of Jack Meyer's Convexity Capital Management marks the third hedge fund founded by a Harvard Management Company alum to close down their ...


MarketWatch - Hedge funds benefited from new investor money and stronger performance.



BlackRock's AUM rose 5% in the quarter ended June 30 and 8.6% in the year buoyed by high net inflows into fixed-income strategies.


Martin Shkreli’s fraud conviction has been upheld by a federal appeals court in New York (Feed generated with )


While we all fondly remember “Joe” Gao Jue, possibly the worst candidate for a job in the history of JPMorgan Chase—and that was before the “accidental” sexually-explicit e-mail sent to HR—who nonetheless got a position—and kept it—perhaps on account of his dad’s being China’s commerce minister, ...


The Times - Hedge funds have made an estimated paper profit of £150 million by shorting Asos during the last year after the online fashion retailer issued three profit ...


There is a strange, almost Dadaist beauty to the way in which WeWork has decided to enter life as a public company. After basically admitting that it will go public because it can no longer bleed the exsanguinated private equity market, WeWork has essentially forced analysts approach its accounting ...


Bloomberg - There is a widespread belief that Wall Street traders use complicated derivative products to fool and defraud their unsophisticated clients, but you hear ...


Elliott wants Saga to explore options to boost shareholder returns, including potentially separating its insurance and cruise businesses via @markets (Feed generated with )


This hedge fund is bullish on #equities but bearish on humanity via @markets - (Feed generated with )


Financial Advisor Magazine - According to the SEC from June 2016 to April 2017, Swapnil Rege, while employed as a an advisor at a Darien, Conn-based hedge fund, manipulated the ...


Market Expert - Research N Reports has published an analysis of new statistical data titled as, Hedge Fund Software Market. The report scrutinizes the industry competence ...


Reuters Africa - Recasts with details of previous Elliott stake in Whitbread, other moves by hedge fund)


Ray Dalio's answer to a new market paradigm that could see escalating conflict between capitalists and socialists is simple —> #gold via @markets (Feed generated with )


Reuters - Recasts with details of previous Elliott stake in Whitbread, other moves by hedge fund)


The private debt market is forecast to reach USD1.4 trillion in the next five years. How it evolves will, to some extent, depend on technology innovation, as fund managers look to develop new ways to analyse and value assets, automate processes, and construct customised products to satisfy LPs. In this podcast, Ross Ellis and Chad Longenecker from the SEI Investment Manager Services division, Hank D’Allesandro of Morgan Stanley Credit Partners and Cecile Mayer-Levi of Tikehau Investment Management discuss the role of technology in private debt markets and what future disruption might look like.


The Wall Street Journal - Asset manager Owl Rock's business development company, with a valuation of about $6 billion, highlights the growth potential for private debt markets as ...


Hedge Fund Betting on Years of Low Rates Puts 99% Cash in Stocks, reports @justinaknope --> - (Feed generated with )


Travel Weekly UK - Expect a turnaround at over-50s firm Saga, says Ian Taylor. News that US 'activist' hedge fund Elliott Management had acquired a stake in UK travel and ...


Barron's - What to know about Uber's new rewards program. Investors stopped pulling their money from hedge funds. And is consumer sentiment improving?


AlphaWeek - Industry tracker eVestment published data today showing that hedge fund investors redeemed $16.43bn from the asset class in June. 57% of reporting ...


Gulf News - This would stop a $6b industry getting anywhere near its true potential.


Nasdaq - WILMINGTON, Del., July 19- A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc's 2016.


HedgeWeek - Total hedge fund assets increased to USD3.245 trillion in the second quarter of the year, narrowly eclipsing the previous record level of USD3.244 trillion in Q3 ...


The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges againstSwapnil Rege, a former portfolio manager for a Connecticut-based hedge fund registered as a commodity pool operator (CPO), for fraudulently mis-marking swap valuations to artificially inflate the profits of his employer’s trading book in order to obtain an increased performance bonus.


Hedge fund industry assets increased to a record high of $3.245 trillion in the second quarter, driven primarily by strong investment performance as well as inflows to larger firms, according to new ...


Man GLG, the discretionary investment management business of Man Group, has appointed Patrick Kenney and Santiago Pardo as portfolio managers within its credit business.


AlphaWeek - Industry tracker HFR said that hedge fund assets reached a new record in the second quarter, driven by performance gains and investor re-allocations to top ...


Inflexion Private Equity is to acquire Estera, a global provider of funds, corporate and trust services from Bridgepoint. Following completion of the investment, Estera will be merged with Inflexion’s existing portfolio company Ocorian, forming a global corporate service and fund administration leader of significant scale.


FundRock Partners Ltd (FP), the ACD business of FundRock Group, has appointed Michael Vareika and Eric Personne as Independent Non-Executive Directors to its Board of Directors, subject to the FCA approval.


BTIG is expanding its Prime Brokerage platform with a dedicated effort to service family offices. In a newly-created role, Concetta Mastrangelo, Senior Vice President, BTIG Prime Brokerage, will lead the enhanced family offices effort.


Mr. Steyer plans to spend $100 million of his own money to take on President Trump, whether anyone wants him to or not.


Tom Steyer plans to spend $100 million of his own money to take on President Trump, whether anyone wants him to or not.


Nordea Asset Management has expanded its late-cycle offering with the launch of a global infrastructure fund under the management of CBRE Clarion Securities amid growing demand for the asset class.


Opalesque - Opalesque Industry Update - Hedge fund assets reached a new record in the second quarter, driven by HFRI performance gains and investor re-allocations to ...


Opalesque - The Preqin All-Strategies Hedge Fund benchmark has sustained its good performance from the beginning of the year, posting a Q2 return of 2.45%.


BizWest - NIWOT — A New York-based hedge fund has snapped up nearly 3.8 million shares of Crocs Inc. (Nasdaq: CROX) stock, taking a 5.2 percent stake in the ...


The Securities and Exchange Commission issued three no-action letters on the issue of research payments, in light of developments on that issue in Europe in 2017. Specifically, they dealt with the cross-border of Europe’s rules (MiFID II), which were scheduled to take effect, and which did take effect, on Jan.Read More


Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ...


Laxman Pai, Opalesque Asia: CVC Capital Partners has closed its second long-life fund at €4.6bn ($5.2bn), exceeding its target, exceeding its target by €600m. The UK-based private equity and investment advisory firm said in a press release that the fund CVC Strategic Opportuniti...


Laxman Pai, Opalesque Asia: Preqin in its Insights said that investment in sin industries has grown considerably over the past five years. quot;Perhaps the most vociferous growth has occurred in the cannabis industry, which boomed after the drug was legalized at the state level in the US and sci...


From Bloomberg Opinion: With almost $13 trillion of bonds in the global debt market yielding less than zero, fund managers are increasingly chasing returns in less liquid assets. The result could be a reduction in the transparency about what portfolios are really worth. Regulators are right to be...


UBS to launch China's first foreign fund of funds From Investment Europe: UBS Asset Management has announced that its Shanghai division has launched its first onshore fund of funds. This makes UBS the first foreign asset manager to launch a fund of private securities funds (FOF) in China. China's...


From Institutional Investor: The hedge fund firm started by former Harvard endowment chief Jack Meyer is shutting down, according to communication sent Thursday to stakeholders. Convexity Capital Management had undergone serious capital redemptions for a number of years, but a staff member foremos...


From Institutional Investor: Bill Ackman's Pershing Square Holdings has been on a tear this year, but its plan to issue new debt has irritated a small London shareholder at a time when Pershing Square is buying back shares on several European exchanges every day.On Tuesday, the fund reported a year-...


Italian pension schemes hit out at government plan for new fund From IPE: Italy's Social Security Institute (INPS) has proposed the creation of a new "alternative" to second-pillar pension funds in a move that has been strongly opposed by occupational pension schemes. In a speec...


Hedge fund betting on years of low rates puts 99% cash in stocks From Bloomberg: A hedge fund that's delivered almost double the returns of the S P 500 Index this year is going all-in on stocks -- at least the safe and stodgy ones. Valley Forge Capital Management, whose $460 million of assets is ...


CFA's Bowman joins CAIA Opalesque Industry Update - The Chartered Alternative Investment Analyst (CAIA) Association, the global leader in alternative investment education, today announced that John L. Bowman has joined the CAIA Association and been named Senior Managing Director. Mr. Bowman is a...


G7 crypto opposition masks warmer stance for wholesale markets From FT: It started with Donald Trump, who last week lashed out at cryptocurrencies and bitcoin, saying they are "not money" and he is not a "fan". Now, finance ministers from the rest of the G7 group...


Forget qubits - Scientists just built a quantum gate with qudits From Futurism: Just like quantum computers have their own versions of bits known as qubits, they also need their own versions of logic gates, which control the flow of information in a computing system. Now, a team from Purdue Unive...


Wall Street's trading desks endure worst first half in a decade From Bloomberg: Bank investors could be forgiven for mistaking executives on recent earnings calls for sports commentators. Their new favorite way to describe trading clients: "on the sidelines." Goldman Sachs Group...


Hedge funds, U.S. banks target Europe's top rated CLO debt From Bloomberg: U.S. investors have stepped up their pursuit of European collateralized loan obligations as the yield on offer has become more attractive compared to what they can get at home. Banks' treasury departments and institutional...


Elizabeth Warren attacks the private equity industry with new regulation proposals From CNBC: Democratic presidential candidate Elizabeth Warren aimed her campaign of economic populism on Thursday at a new target: the private equity industry. The Massachusetts senator, in tandem with colleagues o...


As the economic cycle winds down, advisors and investors are looking toward U.S. equities and gold, and are shirking Canada and the cannabis sector. These are the findings of Horizons ETFs Management Inc.'s latest advisor and investor sentiment surveys heading into the third quarter. While the pre...


Martin Shkreli loses appeal of conviction, sentence From Reuters: A federal appeals court on Thursday upheld the conviction and seven-year prison term of former pharmaceutical executive Martin Shkreli for defrauding investors in hedge funds he founded. The 2nd U.S. Circuit Court of Appeals in Man...


The problem with being on top—if there is, in fact, a problem—is that ultimately, you’ve nowhere to go but down. This is especially true if the thing you are on top of is Wall Street trading, and it was the second quarter of 2019, and you don’t have a booming retail business to cushion the fall. ...


A federal judge has decided that Jeffrey Epstein should hold on the $77 million bond backed by what is almost definitely probably not pedophile sexual blackmail Ponzi scheme money, because there will be no bail: Jeffrey Epstein will remain behind bars after a judge denied his request for bail, an ...


Forbes - In this video-based article, CNBC's Jon Najarian and Pete Najarian talk about their new NYSE-traded cannabis ETF, THXC, and what makes it unique.


Forbes - By offering a flexible and low-cost way to tap into the potential of the markets and being a tax-efficient way to pursue your investment ideas, ETF adoption is ...


Exchange News Direct - The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Swapnil Rege, a former portfolio manager for a ...


Newsweek - When I first became a reporter at the Monterey Herald in 2004, it was a feisty and robust local newspaper covering a midsize California county. We did what local ...


Sacramento Bee - PG&E Corp.'s bondholders are offering billions to take over the bankrupt utility as part of a plan to pay claims from the Camp Fire and other California wildfires.


Barron's - Hedge funds saw inflows of $800 million in May after two straight months of redemptions, according to BarclayHedge. Even so, clients pulled $151 billion for the ...


SafeHaven.comCNBCMarketWatchInternational Business Times


MarketWatch - Potential sale to BNP comes as hedge fund clients leave, pull assets.


Like the list of things that could potentially kill Deutsche Bank, the roster of events that can send bitcoin into a tailspin continues to grow. Bitcoin-linked buttplugs, John McAfee self-mutilation and cannibalization promises, Winklevii and the slow realization of the essential pointlessness of ...


It's been awhile since we checked in on our old pal Martin Shkreli, but there's apparently some news out there about the Ol' Shkrelster... Per CNBC: A federal appeals court on Thursday upheld the criminal conviction of notorious “pharma bro” Martin Shkreli. The three-judge panel in the U.S. Court ...


Voices of Monterey Bay - By Julie Reynolds Martinez. WASHINGTON — This week, I came to the nation's capital to speak about hedge funds. Specifically, how so-called “vulture” hedge ...


By Tanzeel Akhtar–High conviction investment ideas rule at Valley Forge Capital Management, a Wayne, Pennsylvania-based equity hedge fund manager with around USD450 million in assets. Here, founder Dev Kantesariaexplains the firm’s ‘different’ approach to value investing and why there’s no place for ‘speculative securities’ and ‘ineffective financial engineering’ in theinvestment playbook…


We all know a Dougie. Your buddy from college who is always doing things like selling shares in his Air Jordan collection, driving a Lyft with your car and Airbnb'ing the extra bedroom in his condo that he bought when he "at his old work." Dougie is always struggling with cash flow, but he's a ...


CNBC - Billionaire hedge fund manager Ray Dalio just picked gold as a prime long-term opportunity. Here's why one market watcher says he could be wrong.


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. HOUSE OF CARDS Netflix Q2 earnings dropped yesterday and let's just say it was a lot like a certain ...


High-tech supercar manufacturer McLaren’s London showroom provided an appropriate venue for the 30th anniversary celebrations of RFA, a company at the leading edge of high-performance IT, financial cloud and cyber-security services for the alternatives industry, and an outfit that is leading the race to success.


Bloomberg - A hedge fund that's delivered almost double the returns of the S&P 500 Index this year is going all-in on stocks -- at least the safe and stodgy ones.


Bloomberg - A hedge fund that's delivered almost double the returns of the S&P 500 Index this year is going all-in on stocks -- at least the safe and stodgy ones. Valley Forge ...


WHP Global (WHP), a new brand management platform led by Chairman & CEO Yehuda Shmidman has launched backed by a USD200 million equity commitment from funds managed by Oaktree Capital Management (Oaktree).


Hedge funds reversed a brief two-month redemption trend in May with USD800 million in industry inflows, a turnaround from April’s USD9.4 billion in redemptions, according to Barclay Fund Flow Indicator published by BarclayHedge.


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