Monthly Archives: February 2017
Steve Cohen Backs Macro Fund of Ex-Brevan Partner Melkman
(Bloomberg) Ben Melkman, a former partner at Brevan Howard Asset Management, is receiving capital from billionaire Steven A. Cohen for the hedge fund he plans to start next month with more than $400 million under management, according to people with […]
Equity hedge fund strategies surge in early 2017
(HedgeWeek) Hedge funds posted strong gains in early 2017 as Donald Trump was inaugurated as US President, led by the performance of equity hedge strategies, the largest area of hedge fund industry investor capital, according to data from HFR. The […]
Citigroup Paying $18 Million for Overbilling Clients
(HedgeCo.NET) The Securities and Exchange Commission has announced that Citigroup Global Markets has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts. The SEC’s order finds that at least 60,000 advisory […]
Trump Rally Propels Hedge Funds to Their Best Start Since 2013
(Bloomberg) Hedge funds posted their best annual start in four years, driven by equities, as President Donald Trump’s plans to stimulate economic growth by reducing taxes and regulation buoyed markets. The industry gained 1.2 percent last month, according to Hedge […]
Goldman Sachs Hedge Fund to Shift London Operations to New York
(International Business Times) A hedge fund operated by US investment bank Goldman Sachs is to shut down its operations in London and move all staff to New York, reports say. Citing sources, the Reuters agency said eight staff members who […]
Baupost’s Klarman Warns Trump-Related Jitters Stoking Investor Risk
(Reuters) Billionaire money manager Seth Klarman, whose Baupost Group hedge fund ranks among the world’s largest and closely watched, warned that U.S. President Donald Trump is creating considerable uncertainty that will translate into risk for investors. To read this article:
CalPER’s Sees 5.8 Percent Return With New Allocation; Below 7 Percent Goal
(CNBC) The reduced expectation, disclosed late Monday in documents from the largest U.S. public pension fund, is based on a lower-risk, lower-return asset allocation adopted by CalPERS in September and announced in December…The new CalPERS allocation reduces the portfolio’s more […]
Republican Tax Plan Could Mean a Big Break for Hedge-Fund Managers
(The Standard) GOP lawmakers have suggested that reducing taxes on exports would help Americans in industries that sell goods overseas…. Hedge funds happen to be one of America’s major export industries. Many clients of U.S. hedge funds are wealthy investors […]
Blackrock Boss Feels ‘Bipolar’ About Trump’s Presidency
(New York Post) The stock market is testing new highs almost daily, but Wall Street titans are feeling uncertain. “I’m not relaxed,” BlackRock CEO Larry Fink said at a Yahoo Finance conference in New York on Wednesday. Fink cited policy […]
Bregal Sagemount Raises $960M For Oversubscribed Second Fund
(FINalternatives) Bregal Investments unit Bregal Sagemount has raised $960 million in capital commitments for its second private equity fund, significantly exceeding its $800 million target and closing at its hard cap. To read this article:
Lyxor Asset Management Teams With Sandler On New L/S U.S. Equity Fund
(FINalternatives) Lyxor Asset Management and New York-based Sandler Capital Management have partnered to launch a new long/short equity fund that will utilize a dynamic approach to identify growing companies in several industries suitable for long positions, and struggling ones suitable […]
Elliott Misfires on Arconic, But It’s Not Wrong
(Bloomberg) Elliott Management Corp. may have fumbled on its campaign against aluminum-parts maker Arconic Inc., but CEO Klaus Kleinfeld still has some explaining to do.Arconic split from its mining and smelting business (now Alcoa Corp.) last year, a move Elliott […]