Monthly Archives: February 2017
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 […]
Hedge Fund That Made 56% in FX Backs New Trading Platform
(Bloomberg) The $5.1 trillion-a-day foreign exchange market’s newest upstart trading venue has big ambitions to bring more of the world’s currency transactions to Asia. It also has some big-name backers. Singapore-based Spark Systems will start a live trial of its […]
Trump Rally Is Overdone, Outperforming Australian Fund Manager Says
(Bloomberg) The Trump-induced rally in U.S. stocks has been overdone and better returns are on offer in Europe and Asia, according to Jacob Mitchell, the chief investment officer at Antipodes Partners Ltd. “Not many stocks in that area actually demonstrated […]
Judge Defers Ruling on Dismissal of Cooperman Insider Trading Case
(Reuters) A U.S. judge on Tuesday held off ruling on whether to throw out a government complaint against billionaire investor Leon Cooperman and his firm, Omega Advisors Inc, after the defendant’s attorneys requested a dismissal, in a case that could […]
Why I Sold My Hedge Fund To Take On The Banks
(eFinancial) After Ken Staut graduated with his MBA from Columbia University, he co-founded an event-driven long/short hedge fund. He wore many hats, working on everything from data analytics, risk management and marketing to portfolio management and trading. When Staut and […]
Non-U.S. Funds Top List Of Best Performing Hedge Funds
(Reuters) The United States has been home to the world’s biggest hedge funds, but the industry’s most consistent strong performers generally hail from other nations, according to data released on Tuesday. Mauritius-based Arcstone Capital’s Passage to India Opportunity Fund, Great […]
Why Many Smaller Hedge Funds Are Raising Assets From Wealthy Investors And Single-Family Offices
(Forbes) From the subpar performance of many hedge funds to pension funds redeeming monies, there is the perspective that the hedge fund industry is in something of a tailspin…but there are corners of the hedge fund industry that are doing […]