Monthly Archives: March 2018
Lighthouse buys Mesirow’s multi-manager hedge fund business
(Hedgeweek) Lighthouse Investment Partners is to acquire substantially all of the assets of Mesirow Advanced Strategies (MAS) multi-manager hedge fund division. To read this article:
Mnuchin’s Move to End Hedge Fund Loophole Could Face Legal Challenges
(Bloomberg) Treasury Secretary Steven Mnuchin’s plan to fix a gaping loophole for hedge funds in President Donald Trump’s new tax law could face legal challenges. Tax experts say a notice from Treasury and the Internal Revenue Service issued Thursday fails […]
Canada Pension Is Backing Fledgling Hedge Funds
(Bloomberg) Canada’s biggest pension plan aims to back as many as four fledgling hedge funds a year at a time when investors are balking at high fees and disappointing returns from the industry’s biggest managers. Canada Pension Plan Investment Board […]
Film Producer Convicted In U.S. Of Investment Fraud
(Reuters) A California movie producer who headed a boutique merchant bank has been convicted on charges he defrauded investors in hedge funds overseen by a New York-based investment adviser out of $26 million, prosecutors said on Friday. David Bergstein, who […]
Provident Financial Share Surge Makes It “A Proper Short Again” As Hedge Funds Sense A Fresh Opportunity
(City A.M) Hedge funds have upped bets against Provident Financial, hoping to capitalise on any negative reaction to the sub-prime lender’s recent share price surge…Provident’s market value leapt over 70 per cent on Tuesday. While soaring to around 1,000p a […]
Meet The Man Betting $18bn On Euro Failure
(Money Week) Even for one of the world’s richest men, $18bn is a big bet. That’s the amount hedge-fund manager Ray Dalio has staked against eurozone equities. It is the biggest short out there in a market where most investors […]
Alternative Investment Managers, Hedge Funds Can Expect Large Inflows From Japanese Investors
(Opalesque) Komfie Manalo, Opalesque Asia: Douglas Hymas, Tokyo-based country executive for Bank of New York Mellon said he is seeing increased flows toward alternatives from Japanese investors. Speaking at the latest Opalesque 2018 Japan Roundtable, Hymas said that from what […]
Greenwich Global Hedge Fund Index up 2.66% in January
(Opalesque) The Greenwich Global Hedge Fund Index was up again in January, posting a +2.66% gain to start the year. Performance was widespread as funds of all types took advantage of bullish sentiment across multiple asset classes and regions. Congress […]
World’s Best Performing Macro Hedge Fund Lost 16% Last Month
(Bloomberg) The PruLev Global Macro Fund gave up almost one-third of last year’s 52 percent gain in February, after being caught out by the return of volatility. The fund, the world’s best performer last year among macro funds with assets […]
Former Hedge Fund Manager Whitney Tilson Puts His Kids’ College Savings Into Just Five Stocks
(Bloomberg) Former hedge fund manager Whitney Tilson is confident enough in his investing abilities that he’s included just five stocks in his children’s college-savings portfolios. In an email last night, Tilson outlined his strategy for the accounts: 50 percent in […]
One of Carl Icahn’s Top Lieutenants Has Decided Not to Launch a Hedge Fund After All
(The Business Insider) David Schechter, a former star investor at Icahn Enterprises, was supposed to launch a hedge fund in the coming months with the backing of his former boss. But plans to launch the fund to outside investors have […]
February Performance – Ouch! So let’s put in context
(Harvest) February was a bad month for investment performance. All of the major ETF indices we normally follow were negative. Diversification was an elusive concept and reinforced the key portfolio allocation risks of rising correlation. There is no positive spin […]