Monthly Archives: March 2019

Worldwide Investment Fund Assets Down 5.7 Per Cent in Final Quarter of 2018

(HedgeWeek) Worldwide investment fund assets decreased by 5.7 per cent to EUR43.99 trillion at the end of Q4 2018, according to the European Fund and Asset Management Association’s (EFAMA) latest International Quarterly Statistical Release. In US dollar terms, fund assets […]

Most Hedge Fund Strategies Stand in Positive Territory Month-to-Date, Says Lyxor

(HedgeWeek) The performance of every hedge fund strategy and sub-strategy was in positive territory last week (12-19 March), with Special Situation and Global Macro strategies outperforming, up +0.8 per cent, according to the latest Weekly Brief from Lyxor’s Cross Asset […]

Pimco and BlackRock Have a Contrarian Bet on Inflation

(Bloomberg) With the bond market painting such a bleak picture of the U.S. economy, it might seem a little odd to bet on a pickup in inflation. Yet for Pimco, Vanguard and BlackRock, that is exactly where the money’s at. […]

Capital Group Hires Trio For Roles in “Strategically Important” Asia

(Asia Asset Management) US asset manager Capital Group has hired three new personnel, including former Fidelity International investment specialist Priscilla Lau, for senior positions in Asia, which it describes as “strategically important” for the company and declaring “absolute commitment” to […]

JPMorgan, Nomura Job Cuts Add to Wave of Pullbacks

(Bloomberg)Automation and new technology are replacing thousands of workers at banks and asset managers around the world, just as consolidation — including Deutsche Bank AG’s proposed merger with Commerzbank AG — puts thousands more jobs at risk. The pressure on […]

Amid Muted Returns, a Plan to Reshape Hedge Funds

(Plan Sponsor) In recent years, hedge funds have not assumed sufficient risk to deliver attractive performance, but Willis Towers Watson suggests new approaches they can take to remain relevant. Given the sustained equity bull market and muted market volatility, the […]

The Guilty Barclays Traders: The Retiree and the Gong Therapist

(Bloomberg) Another Euribor trial is done and leaves a mix of results. Two former Barclays Plc traders were convicted, and another acquitted of conspiring to rig Euribor, the interest rate benchmark behind trillions of dollars worth of securities. A London […]

California Gov. Blasts PG&E’s Hedge Fund Picks for Its Board

(Bloomberg) California Governor Gavin Newsom urged bankrupt power giant PG&E Corp. to reconsider its picks for a board overhaul, saying the company is about to appoint hedge fund financiers and others who have little or no experience in California or […]

Funds Industry Grows in Cayman

(Opalesque) Fund assets under management in Cayman are rising and delegates at the recent Opalesque Cayman Roundtable suggest that Brexit could be a positive for the local investment funds industry.According to the recently released Investments Statistical Digest from CIMA, there […]

SEC Charges College Official for Fraudulently Concealing Financial Troubles From Municipal Bond Investors

(HedgeCo.Net)The Securities and Exchange Commission has charged the former controller of a New York-based not-for-profit college with defrauding municipal securities investors by fraudulently concealing the college’s deteriorating finances. According to the SEC’s complaint, in recent years, the College of New […]

Magellan Health nears board deal with hedge fund Starboard Value

(Reuters) – U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge fund, three sources […]

Most hedge fund strategies stand in positive territory month-to-date, says Lyxor

(Hedgeweek) The performance of every hedge fund strategy and sub-strategy was in positive territory last week (12-19 March), with Special Situation and Global Macro strategies outperforming, up +0.8 per cent, according to the latest Weekly Brief from Lyxor’s Cross Asset […]

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