Monthly Archives: March 2019
This Hedge Fund Lost $139 Million Last Year and Citigroup Is Feeling the Pain
(Bloomberg) Three months after news first emerged of a hedge fund blowup that threatens to saddle Citigroup Inc. with millions of dollars in losses, details of the fund’s implosion are becoming clearer. GF Securities Co. said Wednesday its GTEC Pandion […]
Fund that Survived 25 Years of Brazil Crises Is Wary of the Hype
(Bloomberg) Two presidential impeachments, three currency changes and hyperinflation as high as 2,500 percent a year have made Fabio Alperowitch a cautious man. The co-founder of Brazil’s FAMA Investimentos Ltda., a Sao Paulo-based asset-management firm that’s been around for more […]
Hedge Fund Spurns Saudi Arabia’s $300 Million after Khashoggi Murder
(Bloomberg) A hedge fund has told investors it returned money to Saudi Arabia following the murder of columnist Jamal Khashoggi, according to people with knowledge of the matter. The move is a rare rebuke to one of the world’s most […]
Hedge Funds Increase Appetite for Oil
(Reuters)Hedge funds bought another 65 million barrels of petroleum futures and options in the week to March 19, taking total purchases over the last 10 weeks to 384 million barrels, according to reports published on Friday. The one-week increase in […]
Bed Bath & Beyond Shares Jump after Hedge Funds Call for Overhaul
(New York Post) Investors loaded their carts with Bed Bath & Beyond stock Tuesday after a hedge fund triumvirate called for an overhaul of the board and an ousting of its chief executive. Shares climbed as much as 30 percent […]
CreativeCap Advisors Adds to Emerging Managers Incubator
(Opalesque) CreativeCap Advisors the premier global asset management consulting firm – is expanding its business with the planned addition of dedicated operational and financial experts to work in advising the emerging managers accepted into the Global Incubator program. As institutional […]
SEC Charges Investment Adviser with Fraud and Takes Action to Preserve Investor Assets
(HedgeCo.Net) The Securities and Exchange Commission charged registered investment adviser Direct Lending Investments, LLC with a multi-year fraud that resulted in approximately $11 million in over-charges of management and performance fees to its private funds, as well as the inflation […]
BlackRock to acquire eFront in $1.3bn deal
(Hedgeweek) BlackRock is to acquire 100 per cent of the equity interests in eFront, an end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for USD1.3 billion in cash. To read this article:
Hedge fund flows weak, but Positive
(Hedgeweek) Investors may have added USD1.69 billion to hedge funds in February but they face a rough road in 2019 with net inflows still in the negative YTD, according to eVestment’s February 2019 Hedge Fund Asset Flows Report. To read […]
Hedge fund launches and liquidations on decline while fund performance dispersion widens significantly in 2018
(Opalesque) New hedge fund launches hit an 18-year low during 2018. The fund liquidations also declined during the year, hitting their lowest point since 2007. According to Hedge Fund Research (HFR) report, new hedge fund launches fell to conclude 2018, […]
Cisco projects $9.7bn will be spent annually on blockchain projects by 2021
(Opalesque) The blockchain has the potential to hold as much as 10% of the world’s GDP, said ‘Blockchain by Cisco’ report. This means that several trillion dollars worth of value could be stored on both decentralized and permissioned blockchains by […]
Pershing Square up 31.9 pct, Ackman says stable capital base to help firm
(Reuters) – Hedge fund manager William Ackman said in his annual letter to shareholders that his Pershing Square Holdings fund has gained 31.9 percent since the start of 2019, the best start to the year in the firm’s 15-year history. […]
