Monthly Archives: February 2020
Hedge fund to add directors to Tivity Health board
(Reuters) – Tivity Health, which owns diet management company Nutrisystem and fitness and health programs for seniors, said on Tuesday it agreed for hedge fund HG Vora to recommend two directors to its board. To read this article:
Franklin’s Benefit Street Shuts Credit Hedge Fund After Losses
(Bloomberg) Benefit Street Partners, the alternative credit manager acquired by Franklin Resources Inc. in 2019, has shut its credit hedge fund after returns slumped. To read this article:
CFTC Wins Forex Fraud Trial on Damages and Obtains Judgment of More than $22 Million
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that following a bench trial the U.S. District Court for the Middle District of Alabama entered a final judgment against defendants Husam Tayeh of Illinois and his companies, Dinar Corp., Inc. and […]
Co-investments & conviction trades: evolving investor trends in managed accounts
(Hedgeweek) BNY Mellon HedgeMark is a dedicated managed account provider, solely focused on creating and operating managed account platforms for institutional investors. Launched in 2012, the business today has more than USD23 billion in assets across more than 100 funds […]
A preferred mode of investment? Managed accounts increasingly take centre stage
(Hedgeweek) For all the attendant challenges facing hedge funds – from greater fee pressures and more onerous compliance burdens to lacklustre performance and investor aversion – the industry has time and again demonstrated its ability to continually innovate and reshape […]
Investors pulled $109.6bn or 3.8% of assets from hedge funds last year
(Opalesque) The Barclay Fund Flow Indicator revealed that hedge fund clients continued to pull out their money in December, marking the second-straight month of outflows and the worst full-year outflows since 2009. Globally, outflows totaled $29 billion in December, up […]
Private market assets under management grew by 10% in 2019
(Opalesque) Private market assets under management (AUM) grew by 10 percent in 2019, and $4 trillion in the past decade, an increase of 170 percent, said a study. According to McKinsey’s annual review of private investing, the number of active […]
US venture capital deal hit record-high total value in 2019 at $104bn
(Opalesque)The aggregate value of venture capital deals for US-based companies reached a new peak of $104bn in 2019. Despite this, the annual number of deals has decreased continually since 2014 (6,809), and dropped by 18% from 2018 to 4,637 deals […]
Hedge fund Third Point calls on Britain’s Prudential to break up
(Reuters) Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc (PRU.L) and called on the British insurer on Monday to split into two companies. To read this article:
Oil funds’ first wave of virus-selling loses momentum:
(Reuters) – Hedge funds again sold petroleum last week as fears about a coronavirus-driven recession intensified, but the rate of sales decelerated for the third week running. To read this article:
Oil hedge fund Andurand loses about 8% in January
(Reuters) (Reuters) – Oil trader Pierre Andurand’s hedge fund lost about 8% in January after a volatile start to the year, the Financial Times reported on Friday. His firm Andurand Capital is one of a handful of funds that still […]
Wells Fargo to Pay $500 Million for Misleading Investors About the Success of Its Largest Business Unit
(HedgeCo.Net) The Securities and Exchange Commission has charged California-based Wells Fargo & Co. for misleading investors about the success of its core business strategy at a time when it was opening fake accounts for unknowing customers and selling unnecessary products […]