Monthly Archives: March 2016
Northern Trust Buys Hedge Fund Investor Aurora From Natixis
(Reuters) Northern Trust Corporation (NTRS.O) is beefing up its alternative assets business by buying hedge fund of funds manager Aurora Investment Management, the trust bank said.The deal will unite Chicago based Aurora, which had been owned by Natixis Global Asset […]
Hedge Funds Face Increased Trading Costs Under Final Swap Rules
(Hedge Fund Law Report) The new joint final rule adopted by the U.S. prudential regulators – establishing minimum initial and variation margin requirements for certain non-cleared swaps – likely means cost increases for hedge funds and other investment funds trading […]
Man Hires Ex-Millennium Trader to Help Build New Hedge-Fund Unit
(Bloomberg) Man Group Plc, the world’s largest publicly traded hedge fund firm, hired former Millennium Capital Management money manager Abhijeet Gaikwad as it seeks to build a new quantitative-investment unit.The firm started hiring for the Oxford, England-based “quantitative incubating” unit […]
Hedge Fund Launches in 2015 Dominated by Equity Strategies
(Pension & Investments) There were more new equity-oriented U.S. hedge funds launched in 2015 than in prior years, analysis by law firm Seward & Kissel showed.About 80% hedge funds launched in 2015 employed equity strategies, compared to 73% in 2014 […]
Certain Hedge Fund Strategies Attracting Assets
New York (HedgeCo.net) – As the hedge fund industry continues to grow, it also continues to face changes. The industry has seen its share of detractors in recent years, but it also continues to attract new assets. Some strategies have […]
Alternative Asset Managers Hit Record AUM of $7.4 Trillion
New York (HedgeCo.net) – Alternative investment research firm Preqin recently released its year-end numbers for the alternative investment industry and the numbers were impressive. The report showed that alternative asset managers now manage a record $7.4 trillion and that is […]
The Current Damage Globally w/ $7 Trillion in Negative Yielding Bonds
(Harvest)Hedgeye manages to spell out the current situation the most succinctly:”You don’t have $7T in negative yielding debt because everything is awesome”…My words: Kind of makes our 10YR Treasury at 1.6% now look pretty attractive doesn’t it? And Yet I […]
The Top Performing Hedge Funds of 2015
(Bloomberg) Hedge funds attracted a net $44 billion in assets globally last year, the smallest amount since 2012, according to data compiled by Hedge Fund Research Inc. That reflects a volatile year, when unanticipated economic events rattled markets and led […]
Hedge Funds and their Role in Investment Portfolios: View Live Web Streaming Conference
Over 400 investment professionals from 34-different countries are currently on line viewing today’s “Idea Generating Conference” via web streaming. HedgeCoVest and Investopedia are sponsoring the one day “Idea Generating Conference” to hear from hedge fund managers about their strategies, best […]
Hedge Fund Positioning Analysis Shows Big Yield Bets
(Valuewalk.com) Recent analysis on hedge fund positioning indicates that funds across most strategies are betting on 10-year Treasury yields. The only exception to this, according to Bank of America Merrill Lynch analysts, are funds with a short bias, merger arbitrage […]
Performance Persistence and Portfolio Style
(Harvest) Common approaches to manager selection do a lousy job since nominal returns and similar simplistic metrics of investment performance revert: Most portfolio performance comes from systematic (factor) exposures, and such metrics merely identify the highest-risk portfolios during the bullish […]
Event-Driven Hedge Fund Manager Gruss Shutting Hong Kong Office
(Bloomberg) Gruss Capital Management, an event-driven hedge fund manager based in New York, is shutting its more than seven-year-old Hong Kong office.Gruss filed a notification to Hong Kong’s securities regulator to cease its asset-management activities in the city from Jan. […]