Monthly Archives: February 2020
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. […]
Hedge funds hold their nerve on China, seek opportunities
(Reuters) – Hedge funds are holding their nerve on China’s ability to rebound quickly from the coronavirus outbreak rattling global markets, but many are also adding caveats as they try to predict the potential economic fallout. To read this article:
Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital
(Reuters) – China-based Luckin Coffee Inc’s (LK.O) shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund […]
Final Judgment Handed Down Against Investment Banking Analyst for Insider Trading
(HedgeCo.Net) Bill Tsai, then a junior analyst in the New York office of a large international investment bank, learned through his work for the bank that Siris Capital Group was planning to acquire Electronics for Imaging, Inc. (EFII). Soon after […]
Global Private Debt Market Could Reach $1.4 trillion by 2023,
(Hedgeweek) According to a recent Deloitte report, the global private debt market could reach $1.4 trillion by 2023, thus making it the third largest alternative asset class (after hedge funds and private equity). To read this article:
Coronavirus causes Goldman Sachs to cancel annual partners meeting
(Reuters) – Goldman Sachs Group Inc (GS.N) canceled its annual partners meeting scheduled for this week because travel restrictions resulting from the deadly coronavirus outbreak prevented some Asia-based employees from making it to the bank’s New York headquarters, according to […]
Billionaire U.S. candidate Bloomberg floats plan to tax rich people ‘like me’
(Reuters) – U.S. democratic presidential candidate Michael Bloomberg on Saturday proposed major tax hikes on wealthy Americans and corporations, including a new tax aimed at people earning more than $5 million per year. To read this article: