Thomas Cook Rescue to Be Challenged - Bloomberg
2mos ago

Bloomberg

Industry Headlines:

We've talked a lot about DJ D-Sol's culling of the trading floors at 200 West Street in the last year or so, removing a very volatile part of Goldman's business and making room for a newer, younger, cheaper generation of Goldmen to focus on things like dealmaking, Marcus and the Apple Card. ...


At long last, it seems that Saudi Aramco, allegedly the most profitable company in the world by far, is finally going public, in what will be the largest IPO in history. Of course, nothing in life is guaranteed, least of all this particular floatation, given its history and also the stubborn ...




Former Man Group president Jonathan Sorrell to join Capstone  Financial Times




EEX Group is to acquire Nasdaq Futures’ (NFX) futures and options exchange business. EEX Group will acquire the core assets of NFX, including the portfolio of open interest in NFX contracts.



FactSet, a provider of integrated financial information and analytical applications, has deployed the FactSet workstation on OpenFin, the financial industry’s operating system.



Electra Information Systems (Electra), a provider of post-trade solutions for the buy-side investment management industry, has added new capabilities to its Electra Reconciliation platform to enable firms to expedite investigations by quickly identifying the root causes of trade breaks or exceptions.


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. PLAYING HARD TO GET Everyone's got a "type" ... And it appears that The We Company's type is ...






London-based investment firm, Carbon Cap has added several trading and environmental experts to its team in preparation for the launch of a global carbon and environmental markets fund.


iM Global Partner, an investment and development platform focused on acquiring strategic investments, and Scharf Investments, an investment firm providing high quality value investment strategies, have launched the iM Scharf US Quality Value fund, the first collaborative UCITS fund between the two firms.


Integral, a financial technology company, and Jefferies, a global investment banking firm, have launched TrueFX, a fully integrated service designed for buyside firms to conveniently connect and trade with the FX market.


Active fund managers could preserve more than 1.2 per cent per year, net-of-fees, of outperformance versus passive index funds, according to Essentia Analytics’ latest report.


OSTC, a global derivatives trading and education business, has appointed Professor Rose Luckin as an independent non-executive Board member.








Hedge funds recently are interested in taking the long position on Telenav (NASDAQ: TNAV). According to Insider Monkey, the number of hedge funds with positions in TNAV rose from eight to 13 at the end of 2018 and the beginning of 2017. Then it slid gradually back to eight overRead More


Laxman Pai, Opalesque Asia: More women are working in private capital and hedge funds compared with two years ago, but large gaps remain at senior levels, said Preqin. At the Managing Director level and above, a significant gender imbalance remains, it said. According to the report, less than 12% of...


Laxman Pai, Opalesque Asia: London-based investment firm Carbon Cap Management is aiming to launch its World Carbon Fund early next year, with the vehicle's main focus being the international CO2 emissions trading markets. The British company informed that it has appointed several carbon trading and...


Laxman Pai, Opalesque Asia: Over 80% of global investors plan to increase either significantly or moderately their organization 's allocation to Chinese investments over the next 12 months, in spite of current uncertainty, said a survey. The study, conducted by the Economist Intelligence Unit (EIU) ...


Laxman Pai, Opalesque Asia: Most Alternative UCITS funds are having a very solid 2019 so far with the LuxHedge Global Alternative UCITS Index posted a tiny gain of +0.06% in October, bringing year-to-date (YTD)results for the average fund up to +3.22%. 80% of funds can post positive results so far ...


Ex-Edoma trader homes in on ESG sector with hedge fund launch From FT: A former trader at hedge fund Edoma Partners is launching a new fund focusing on responsible investments, the latest sign that a sector known for its single-minded focus on making money is turning its attention to the world of...


From Reuters: Social unrest worldwide is alarming some global investors, who say protests from Hong Kong and Lebanon to Chile are forcing them to be more cautious even though the impact on financial markets has been spotty so far. Investors at the Reuters Global 2020 Investment Outlook Summit la...


San Francisco fund moving $150m to alternatives From PIonline.com: San Francisco City County Employees' Retirement System disclosed two new commitments totaling $150 million in a report from Chief Investment Officer William J. Coaker Jr. for the upcoming board meeting Wednesday. The $26.7 bi...


Hedge fund Whitebox places big bet on gunmaker Remington From Reuters: Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company. Whitebox, whose asset...


Allianz GI CEO Utermann to retire From Investment Week: Andreas Utermann will retire as CEO of Allianz Global Investors (GI) at the end of the year, to be replaced by Tobias C. Pross, the asset management firm said on Monday (11 November). Utermann's other role at the firm, global head of inve...


Cryptocurrencies shouldn't be issued by central banks, says former Fed chair From CNBC: Former U.S. Federal Reserve Chairman Alan Greenspan said Tuesday that there is no need for central banks to issue digital currency. "There's no point for them to do it," Greenspan said at Ch...


Hedge funds loosen their grip on bullish gold bets From Kitco News: The selling pressure in gold hasn't abated just yet, even after the precious metals worst week in 2.5 years. Analysts note that the latest trade data from the Commodities Futures Trading Commission (CFTC) shows money managers sti...


Hedge fund body sets out 45 steps for change in diversity push From Financial News: The trade body for the world's alternative investment firms, often labelled among the worst offenders for gender inequality in finance, has recommended 45 steps its hedge fund members can take to make their indust...


Selloff in complex investments flashes warning for junk bonds From WSJ: Stocks rose to records in October. One corner of the debt market had a rougher time. Some securities in the $680 billion market for collateralized loan obligations, or CLOs, lost about 5% in October, reflecting worries about ...


Shard: The London broker at the heart of Lars Windhorst's network From FT: When one of Europe's best performing asset managers plunged into crisis this summer, a little-known brokerage took a contrarian view on the illiquid debt securities at the heart of the affair. H2O Asset Management was s...


A record $173bn flowing from Korea into risky assets From Bloomberg: A hunt for yield is prompting South Korean investors to pile tens of billions of dollars into unconventional assets abroad, raising risks of losses on unfamiliar products. Holdings of overseas alternative assets such as real ...


Europe VC seals strong quarter despite Brexit uncertainty, countries outside UK gaining more attention From Altassets: North America and Europe have both seen surges in venture capital dealmaking activity in Q3 compared to the same period last year. Europe registered more than 80 per cent growth ...


ESG funds enjoy record inflows, still back big oil and gas From WSJ: Funds with a focus on socially responsible investing are enjoying a record year of inflows. But many such portfolios aren't as clean as investors might expect. Eight of the 10 biggest U.S. sustainable funds are invested in oi...


From WSJ: Union pension funds promote transparency and democracy in corporate governance-so we're told, and at least when it serves their political purposes. But look who's now opposing the Securities and Exchange Commission's efforts to break up a corporate protection racket by proxy firm duopolist...


From Barrons: Saudi Arabia moved closer to an initial public offering of Aramco, the state-owned oil company, releasing a preliminary prospectus late Saturday. But the document didn't offer many details about the listing and much of the key information that was included is potentially unsettling. ...


From BizarreNews: A Maine school is celebrating the 43rd anniversary of a Twinkie that has been on display at the school since being unwrapped by a science teacher. George Stevens Academy in Blue Hill said the Twinkie originally unwrapped by teacher Roger Bennatti in 1976 as part of a lesson on food...


In the case of the (thankfully only) attempted murder of the world’s oldest, prettiest and, at times, most troubled bank, Monte dei Paschi di Siena, there are many potential culprits. The accused would-be killers have included its former CEO, the Germans (obviously), Italian voters, the Italian ...



The growing batshit legend of Adam Neumann's titanic ego has almost made us all forget when Uber founder/former CEOTravis Kalanick was the king of nonsense startup bragging. Kalanick was for many moons considered to be the douche king of tech, a guy who was so loopy confident about his own ...







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. IT'S A MATCH Blackstone is trying its hand at dating. Friday, the company announced it would be ...



The European Energy Exchange (EEX) has been granted the Foreign Board of Trade (FBOT) status by the United States Commodity Futures Trading Commission (CFTC).


Liontrust is to broaden its sustainable investment offering to European fund buyers through the launch of the Irish-domiciled GF Sustainable Future Global Growth Fund on 12 November 2019.


Four in five global investors plan to increase allocations to China in next 12 months, according to EIU and Invesco study - Over 80 per cent of global investors plan to increase either significantly or moderately their organisation’s allocation to Chinese investments over the next 12 months, according to an Economist Intelligence Unit survey on global investors’ China exposure, commissioned by Invesco.Only 4 per cent plan to reduce exposure to China.


Specialist financial services consultancy Phoenix Financial PR, which represents companies in asset management, alternatives, wealth management, private banking and financial planning, has joined forces with financial services PR specialists in Australia and the USA to become a member of global financial communications network International Financial Communications Group (IFCG).


Moody’s Analytics Knowledge Services has rebranded as Acuity Knowledge Partners (Acuity) following the completion of its management buyout from Moody’s Corporation, supported by the European mid-market private equity investor Equistone Partners Europe (Equistone).


Intercontinental Exchange is to aunch a new exchange, ICE Futures Abu Dhabi (IFAD), to host the world’s first futures contracts based on Abu Dhabi National Oil Company’s (ADNOC) Murban crude oil.


Vistra, a global corporate service, trust and fund administration provider, has completed the rebrand of London Legalisation Services (LLS), a London-based provider of legalisation and consular services, as Vistra.


Alpha FMC, a provider of specialist consultancy services to the Asset and Wealth Management industry has completed the acquisition of Obsidian Solutions Limited, a financial services cloud-based SaaS business in the United Kingdom.



(Reuters) - Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remingt The post appeared first on bing..



Laxman Pai, Opalesque Asia: The global billionaires saw their collective wealth dip in 2018 for the first time in three years, erasing $388 billion of their net worth globally to $8.54 trillion, says UBS/PwC Billionaires Report 2019. Asia's billionaires saw a correction following five years of sign...


Laxman Pai, Opalesque Asia: Paris tops the list as the overall favorite for prospects in 2020, with Berlin and Frankfurt also in the top three, according to the PwC and Urban Land Institute (ULI)'s annual report on emerging trends in real estate in Europe. London is tipped as Europe's fourth most a...


Laxman Pai, Opalesque Asia: The Societe General CTA Index closed October at -2.41 percent as difficult market conditions continued in October, following a challenging September. CTAs are still in positive territory at +5.98 percent YTD, helped by earlier gains from trend following strategies and an ...


In the week ending November 8th 2019, HFR reported that the HFRI Equity Hedge (Total) Index led main strategy performance for the month with a +1.3 percent return, bringing the YTD gain to +9.3 percent. The hedge fund industry was in positive territory to begin the fourth quarter, extending industr...


Hedge fund plans distressed Asia credit fund as stress looms From Business Times: A Hong Kong-based hedge fund is planning to raise money for its first fund dedicated to troubled Asia credit including stressed bonds, as the market for such notes has grown to US$60 billion. "We plan to st...


Tesla's Musk, Greenlight's Einhorn taunt each other on Twitter From Reuters: Tesla Inc Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language. Einhorn on Oct. 30 had told his ...


Texas Teachers earmarks nearly $1bn for 8 alts funds From PIonline.com: The $156.4 billion Texas Teacher Retirement System, Austin, committed a total of $965 million to eight alternative investment funds in October, a transaction report showed. The investment team for the fund's $9.1 billion energ...


Debt investors should heed the lessons of Casino From FT: An eye-catching new debt deal from French supermarket group Casino could provide clues to trouble in store across corporate credit markets. The Saint-?tienne-based retailer secured euro;1.8bn of funding from high-yield bonds and loans on Th...


From CNBC: Call it an ETF explosion. U.S.-based exchange-traded funds have racked up a record $4 trillion in assets under management as of this year, with 136 ETF providers offering 2,062 ETFs to investors, according to research firm ETFGI. Overall, ETFs are seeing huge interest globally - a trend ...


China's new cryptography law: Still no place to hide The PRC National People's Congress on October 26 enacted the long awaited Encryption Law, which will come into effect on January 1, 2020. The Law is another piece of the comprehensive cybersecurity system China is rolling out under its Cybersec...


Hedge funds boost bearish gold bets before JPMorgan, Citi exit From Bloomberg: Glimmers of global optimism are casting a pall over gold. J.P. Morgan Securities unwound its gold hedge because of "signs of a cyclical recovery, easing geopolitical tensions, synchronized monetary easing,&...


From All About Alpha: Surveys often reveal investor behaviour that is challenging to understand. For example, Preqin's Alternative Investor Outlook for H2 2019 highlighted the following: 65% of institutional investors believe that real estate is overvalued and a correction likely to occur in 2019, 2...


How big investors cash in on 'alternative data' From Bloomberg: Corporate filings and government reports still guide how many investors view global economics and politics. But more of them are turning to non-traditional information -- alternative data, in industry parlance -- to supplement official...


Investors looking beyond US equity market for 2020 From Economic Time: Chinese internet stocks, housing-related debt, and leasing older planes while the Boeing 737 MAX remains grounded are among the top bets for the coming year by speakers at the Reuters Global Investment Outlook 2020 Summit in New...


Dutch pension funds set to pivot from passive to active management From FT: Passive fund assets in the euro;1.4tn Dutch pension fund market are approaching a turning point, as rampant demand for sustainable investments prompts investors to pivot to active management. The Netherlands has been one ...


China asset management industry seen to hit $30tn by 2023 From Asia Asset: China's asset management industry is expected to grow to as much as US$30 trillion by 2023, almost double from the end-2018 level, as trust companies and wealth management divisions of banks transform into professional manag...


Private equity managers are more honest than you think From Institutional Investor: Private equity funds tend to report their highest values around the same time that managers start fundraising - but research shows there could be an honest explanation. If a private equity fund's reported value pea...


US investors eyes on the bright side in Q3: Wells Fargo Opalesque Industry Update - U.S. investor optimism perked up in the fourth quarter pushing the Wells Fargo/Gallup Investor Optimism Index score up to 84 from 72 in the third quarter. It is now on par with an 85 score in the second quarter. Ga...


Will your job exist five years from now, or even in 12 months? For most people working in fund management the answer has long been a resounding yes. Although technology has brought big changes, not least in the way investment decisions are made, the traditional staffing structure of many groups has...


That's why we are going to go over recent hedge fund activity in Cooper-Standard Holdings Inc (NYSE:CPS). Hedge fund interest in Cooper-Standard Holdings Inc (NYSE:CPS) shares was flat at the end ...



By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION Surveys often reveal investor behaviour that is challenging to understand. For example, Preqin’s Alternative Investor Outlook for H2 2019 highlighted the following: 65% of institutional investors believe that real estate is overvalued and a correction likely to occur in 2019, 2020, or beyond.Read More






Since former SAC Capital Advisors trader Richard Lee pleaded guilty to insider trading six years ago, much has changed. SAC died, and was reborn. Steve Cohen was banned, and then unbanned. An endless lawsuit against the hedge fund finally came to an end, Steve Cohen’s apartment got cheaper and ...




According to the NBA, Kawhi Leonard’s knee is not healthy enough to play in back-to-back games, so the Los Angeles Clippers were not fined for resting the biggest free agent signing in franchise history for nationally-televised games in each of the last two weeks. Then, the league did fine Clippers ...


Earlier this year, former New York City Mayor Michael Bloomberg announced he wasn’t going to run for president. Sure, a real billionaire like himself would beat the pants off the fake one currently occupying the White House. The only problem was, he knew he had no chance against all of the ...



Activist investor compares shale producer’s corporate governance to WeWork’s


New deal comes not long after French retailer appeared frozen out of credit markets



The origin tale of Bumble is one of the few truly woke and female-empowered in tech. You've probably all heard it, but the Cliff Notes version is: co-founder of Tinder finds herself in a nasty personal and professional breakup with fellow co-founder, leaves the startup, sues Tinder, meets ...









Mizuho Americas’ investment banking subsidiary Mizuho Securities USA has become a new General Clearing Member (GCM) and as Trading Participant on the European Energy Exchange (EEX).


Following a challenging September, the Societe General CTA Index closed October at -2.41 per cent as difficult market conditions continued in October.


Some legendary retailers destroyed by hedge fund manager owners are allowed to finally die, sold for scrap, their inventories liquidated at marginally discounted prices. And then there is Sears. For more than a decade, it has been in a spiraling, mutually self-destructive relationship with its ...




Investors want hedge funds to do more than just lower their fees. They're also hoping for more transparency and options like ETFs and separate accounts.


Ray Dalio recently spelled his thesis on why the economy is broken in a LinkedIn post titled: "The World Has Gone Mad and the System Is Broken." Central banks have been handing out cheap money to ...



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. TRAV-ESTY The OG bad boy of ride-sharing, Travis Kalanick, has moved on to a new venture that just ...



Is Elon Musk poking the bear? Continue Reading Below Tesla's CEO took a fresh swipe at hedge fund manager David Einhorn, who in his third-quarter letter accused Musk of knowingly orchestrating a ...



Liquidnet, a global institutional investment network, has appointed Patrick Strobel as Chief Technology Officer (CTO).


Progressive Capital Partners (Progressive Capital), an independent Swiss investment boutique specialisingin niche alternatives and managed futures strategies, is to acquire Vontobel Asset Management’s "Alternative Fund Solutions" unit.




A recent publication from Fidelity Institutional Asset Management, while looking at the money markets in the US, emphasizes that investors are looking for liquidity. The report, written by Kerry Pope and Chris Lewis, each an institutional portfolio manager with FIAM, begins with a discussion of the Federal Reserve’s September rateRead More


By: Vivian Tang, Michael Wong, Dechert The Hong Kong Securities and Futures Commission (SFC) has announced that it reprimanded and fined a Hong Kong private equity firm, SEAVI Advent Ocean Private Equity Limited (PE Firm), for employing or appointing unlicensed persons to perform regulated functions...


Laxman Pai, Opalesque Asia: Bahrain-based global alternative investments manager Investcorp has launched a private equity fund with Chinese partners targeting $500 million of deals in the Asian food industry. The Bahraini investment manager joined forces with state-owned China Resources and Fung Str...


Laxman Pai, Opalesque Asia: Swedish asset management firm East Capital Holding has agreed to acquire the compatriot hedge fund firm Adrigo Asset Management to strengthen its offering in absolute return and specialized investment strategies. Stockholm-based Adrigo manages two hedge funds - Adrigo He...


Laxman Pai, Opalesque Asia: Market research firm Nielsen Holdings said it would split into two publicly traded companies as the market research firm pushes to increase shareholder value. The split, which is backed by the activist hedge fund Elliott Management, sent the company's shares up 5% in pre...


South Korea's MBK Partners targets $6bn for North Asia buyout fund From Reuters: North Asia-focused private-equity firm MBK Partners is targeting as much as $6 billion for its fifth buyout fund, said two people with direct knowledge of the matter, adding to a list of buyout firms chasing capital fo...


From Institutional Investor: Is it a tale of two markets? Recent performance by Chase Coleman's Tiger Global and Dan Loeb's Third Point might make one think so.Chase Coleman's Tiger Global, known for its savvy investing in momentum technology and internet stocks, gained 2.9 percent in October, cont...


Texas Employees assigns $235m to 4 alts funds From PIonline.com: Texas Employees Retirement System, Austin, invested or committed a total of $235 million to four alternative investment strategies in October, a transaction report showed. Investment officers of the $28.5 billion defined benefit plan...


Crispin Odey makes a killing on Britain's retail apocalypse From Bloomberg: As the e-commerce boom lays waste to bricks and mortar retailers, it was only a matter of time before Britain's high street landlords were hobbled too. U.K. shopping center owner Intu Properties Plc is at the epicenter of t...


Ex-BNY gatekeeper Seyi Bucknor to lead boutique's North America operations From City Wire: Seyi Bucknor, who previously served as co-head of manager research at BNY Mellon, has been named head of North America at Newton Investment Management, a BNY Mellon affiliate. Seyi Bucknor, who once led mana...


Facebook's Libra galvanises Asian central bankers into action From Finance Asia: Facebook's plans to launch digital coin Libra next year has wrong-footed central banks in Asia and jolted some into accelerating their own alternative offerings. Mu Changchun of the People's Bank of China, said he saw...


Wall Street investors slam Warren's policies From Reuters: Some Wall Street investors and Democratic donors sharply criticized progressive firebrand Elizabeth Warren's policies on issues from taxation to affordable healthcare because they are impractical. Speaking at the Reuters Global Investment ...


IA urges next UK government to seek Brexit deal From Funds Europe: As election fever begins to take hold in the UK, the Investment Association (IA) has called on the next government to avoid a no deal Brexit and protect cross-border investment activity. In a manifesto of policy recommendations, th...


Asia's large investors plan to raise exposure to alternatives From Asia Asset: Almost half of Asian institutional investors plan to increase allocations to non-traditional or alternative assets amid concerns about economic and geopolitical risks in the US and Europe over the next year, according to...


Why women own less start-up equity in Silicon Valley From CNBC: Women working in Silicon Valley start-ups own just a quarter of the equity of their male colleagues, according to a report by software platform Carta. The study, called "Table Stakes," found this was due not only to ...


From Institutional Investor: Timing the market can be "deceptively difficult," as quantitative investor Cliff Asness has pointed out before. But now, the AQR Capital Management co-founder believes that while factor timing is "an ugly thing," it is "about...


Fire managers who ignore climate change, says UK pension regulator From CIO: Guy Opperman, the UK minister for pensions and financial inclusion, has chastised investment mangers for their lack of action regarding climate change. Opperman even suggested that pension plan trustees should give their ...


Johnson Publishing sells fashion fair cosmetics business to former execs, hedge-fund founder From WSJ: Johnson Publishing Co., the bankrupt former publisher of Ebony and Jet magazines, is selling its iconic Fashion Fair beauty line for women of color to two of its former executives and a hedge-fund...


'Warped' markets prompt pensions to add risk, Howard Marks says From Institutional Investor: Ultra-low interest rates have "warped" financial markets, prompting institutional investors to increase their risk-taking, according to Oaktree Capital Management director Howard Marks. ...


From Mirror: If you're one to know every word from Christmas classics such as Elf and Home Alone, there's a good chance your festive film binges are doing wonders for your health. The even better news is that we're actually being encouraged to watch Christmas movies all year round to give a boost t...



Hedge Fund Industry
Business Intelligence

Exclusively For:

Qualified Investors & Knowledgeable Industry Participants