Monthly Archives: February 2020
Credit Suisse Asset Management’s NEXT Investors acquires Northpoint
(Opalesque) Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group, announced today the acquisition of the NorthPoint product suite and technology consulting practice from ACA Compliance Group (ACA), a leading global provider of governance, risk, and compliance […]
StepStone promotes four to partner
(Opalesque) StepStone Group, a global private markets investment firm, has named four new Partners. StepStone Partner and Co-CEO Scott Hart said, “The other Partners and I could not be prouder to work alongside this group of talented and dedicated people. […]
Lawsuit in NY says ex-hedge fund manager Falcone reneged on loans, wrongly sold a Warhol
(Reuters) – Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting. To read […]
Hedge fund DG Partners hires marketing lead to raise assets
(Reuters) – Hedge fund firm DG Partners has hired Richard Blake, previously head of business for trader Greg Coffey’s Kirkoswald Asset Management, to lead a new fundraising drive outside of the U.S. DG Partners currently runs $1.4 billion across its […]
Artificial intelligence to add $15tn to the global economy by 2030
(Opalesque) Artificial intelligence (AI) will contribute as much as $15.7 trillion to the world economy by 2030, according to a PwC report. That’s more than the current combined output of China and India. To read this article:
Summary Judgment Against Investment Advisory Firm for Misleading Investment Strategies
(HedgeCo.Net) A federal district court in Massachusetts has granted partial summary judgment in favor of the Securities and Exchange Commission in its pending action against Navellier & Associates, Inc., a Nevada-based investment advisory firm, and its founder and chief investment […]
Hedge fund mogul David Tepper takes a stake in Intelsat and urges a new FCC deal
(CNBC) David Tepper’s hedge fund, Appaloosa, took a minority stake in satellite company Intelsat this week and sent a letter to its board, urging the company to renegotiate terms of its 5G deal with the Federal Communications Commission. To read […]
Lazard places ESG at the core of new emerging markets launch
(Hedgeweek) Lazard Asset Management is launching a new emerging markets quantitative fund which will trade a diversified, low volatility strategy with an ESG focus placed at the forefront of its stock-picking process. To read this article:
Credit Suisse Asset Management’s NEXT Investors acquires Northpoint
(Opalesque) Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group, announced today the acquisition of the NorthPoint product suite and technology consulting practice from ACA Compliance Group (ACA), a leading global provider of governance, risk, and compliance […]
Align Capital Partners races to a $450m hard cap close of its private equity fund
(Opalesque) US-based private equity firm Align Capital Partners (ACP) has announced closing its second investment fund at $450 million, 12.5% higher than its target size of $400 million. To read this article:
Hedge funds use DIY strategies to gauge coronavirus impact
(Reuters) – As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China. To read this article:
Senator hedge fund’s founding duo to split; Klabin will leave firm
(Reuters) – Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry’s more profitable and durable professional marriages. To read this article:
