Monthly Archives: January 2020
DWS Group acquires 25% stake in Arabesque AI to attempt to predict stock price movements
(Opalesque) Deutsche Bank’s asset management arm DWS Group has acquired 24.9% stake in a UK technology firm Arabesque AI Lt making use of artificial intelligence (AI) to attempt to predict stock price movements. Terms of the deal were not disclosed. […]
Former Carlyle Group executive Bryan Corbett to head the U.S. hedge fund group MFA
(Opalesque) Managed Funds Association (MFA), a hedge fund lobby group in the United States, named Bryan Corbett its new president and chief executive officer. Corbett succeeds Richard H. Baker, who has served in the position since 2008. Mr. Corbett begins […]
Blackstone raises three-quarters of targeted $4.6 billion life sciences fund
(Reuters) – U.S. private equity firm Blackstone Group Inc (BX.N) has secured $3.4 billion from investors for its first fund dedicated to investments in the life sciences sector, targeting $4.6 billion in total, a regulatory filing showed on Thursday. To […]
Oil at the crossroads as hedge funds build large bullish position
(Reuters) – Even before Iranian general Qassem Soleimani was killed by a U.S. air strike on Jan. 3, ratcheting up tensions across the Middle East, hedge funds had become very bullish about oil prices. Fund managers amassed an unusually large […]
SEC Charges Individual with Orchestrating Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Donald G. Blakstad and two entities he controlled with engaging in the fraudulent offer and sale of over $3.5 million of securities. The SEC’s complaint alleges that, between July 2015 and May […]
Energy hedge funds eye renewed oil volatility following Iran missile strike
(Hedgeweek) The oil price surge following the deadly US airstrike against Iranian general Qassem Suleimani is unlikely to be sustained, commodities-focused hedge fund managers have told Hedgeweek. To read this article:
Semper Short Duration Fund surpasses $500m in AUM
(Hedgeweek) Semper Capital Management’s Semper Short Duration Fund (SEMIX, SEMRX) has surpassed USD500 million in assets under management as a result of strong performance and investor demand since inception in December 2010. To read this article:
Invast Global to hold charity ‘trading day’ in aid of Australian bushfire crisis
(Hedgeweek) Invast Global is to donate all trading commissions earned on 31 January to the NSW Rural Fire Services to support the volunteer firefighters and the victims of the ongoing bushfire crisis in Australia. To read this article:
Hedge Fund Group MFA Names New Chief
(Reuters) – Managed Funds Association (MFA), a hedge fund lobby group in the United States, on Wednesday named Bryan Corbett its new chief executive officer. Corbett was most recently a partner and managing director at investment firm The Carlyle Group […]
More Hedge Funds Have Closed Than Those Opened for 5th Year in a Row
(AlternativeSoft) Less than 9,000 hedge funds now exist globally. It’s been widely believed that there are too many hedge funds for quite some time now. Therefore, it may be welcomed news for many to hear that more hedge funds were […]
Fraud Judgment Entered Against Former Investment Adviser
(HedgeCo.Net) The U.S. District Court for the Middle District of Tennessee has entered a final consent judgment in a previously-filed SEC enforcement action against Jay Costa Kelter, a former registered investment adviser and registered representative. The SEC’s action, filed November […]
Systematic Global Macro strategies appear to be more sensitive to equities than usual
(Opalesque) In the hedge fund space, Lyxor believes that Global Macro and Merger Arbitrage strategies are the most appealing hedge against a worst-case scenario of renewed geopolitical tensions. In Q2-15, such strategies outperformed while CTAs suffered a sharp drawdown, said […]