Monthly Archives: February 2020
Convertible arb funds may hold key to Tesla shorts, as electric carmaker surges
(Hedgeweek) Convertible bond arbitrage strategies may hold half of the reported short positions in Tesla, as short bets against the electric carmaker remain resilient despite its market value roaring past USD150 billion this week. To read this article:
Preqin All-Strategies Hedge Fund benchmark returned a net 11.45% in 2019
(Opalesque) The Preqin All-Strategies Hedge Fund benchmark returned a net 11.45% in 2019, only the second time in six years that performance has hit double digits.”Hedge fund performance improved in 2019, but long-term returns lag behind public indices,” said the […]
Cowen to integrate prime brokerage business of Global Prime Partners
(Opalesque) Cowen Inc. has entered into an agreement to cooperate with Global Prime Partners Ltd (GPP) to transition GPP’s International Prime Brokerage business to Cowen. To read this article:
Natural resources assets under management surpass $760bn in 2019, a new record
(Opalesque) Strong fundraising and AUM numbers, boosted by mega-infrastructure funds investing in energy, masked a challenging landscape for natural resources funds, said a study. In 2019 natural resources assets under management (AUM) surpassed $760bn, a new record, according to Preqin […]
Massachusetts Man Charged in Multi-Year Insider Trading Scheme
(HedgeCo.Net) Jurors in Boston federal court have returned a verdict finding that Lexington, Massachusetts restauranteur Charlie Chen engaged in illegal insider trading in advance of five earnings announcements of Lexington-based company Vistaprint, N.V. The SEC’s evidence at trial showed that […]
Institutional investor returns reach a 10-year high
(Opalesque) Returns for institutional investors to reach a 10-year high in 2019 on account of the robust gains in domestic and international equity markets. To read this article:
Hedge funds trim positions as coronavirus fallout hits markets
(Hedgeweek) Hedge funds are continuing to offload exposures that face a potential hit from the effects of the coronavirus, as Lyxor Asset Management forecasts a “transitory economic impact” from the deadly outbreak. To read this article:
Credit hedge funds take advantage of positive new year environment
(Hedgeweek) Credit-focused hedge fund strategies spanning corporate credit, structured credit and convertible arbitrage made hay amidst a sustained positive investment backdrop last month. To read this article:
OCC reports highest January cleared contract volume on record
(Hedgeweek) OCC, one of the world’s largest equity derivatives clearing organisations, has reported January 2020 total cleared contract volume of 521,727,816 contracts, the industry’s highest January ever – up 23.5 per cent from January 2019, and the third highest month […]
Vestar Capital Partners closes its seventh fund at $1.1bn beating its initial target
(Opalesque) U.S. middle-market private equity firm Vestar Capital Partners has reached a $1.1bn final close for its latest mid-market buyout fund, beating its initial target. Vestar VII exceeded its $1 billion targets and includes a commitment of $100 million from […]
Neuberger Berman acquires $4bn private real estate business Almanac Realty Investors
(Opalesque) New York-headquartered investment management company Neuberger Berman has acquired 100% of real estate manager Almanac Realty Investors in its biggest acquisition to date. Almanac has $4 billion in assets under management, said a press release from Neuberger Berman, which […]
Ex-Moore Capital’s Viraj Mehti to launch $500 million hedge fund
(Reuters) – A London-based portfolio manager from Louis Bacon’s former behemoth firm Moore Capital Management is preparing to launch his own hedge fund with more than $500 million in assets under management, three sources close to the matter told Reuters. […]