Monthly Archives: April 2016
Blackstone to Shut Mutual Fund After Fidelity Pulls Out
(Bloomberg) Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fundmanagers following a large redemption by the vehicle’s main backer, Fidelity Investments. The Blackstone Alternative Multi-Manager Fund will no […]
Numen Capital Hires Ex-Egerton Investment Analyst to Lead New Fund
(Reuters) London-based credit-focused hedge fund firm Numen Capital has hired Egerton Capital investment analyst Marcello Sallusti to launch a new fund, three sources told Reuters.This will be the first foray for Numen, which runs 1.2 billion euros ($1.36 billion), into […]
Why Volatility Is Down And Why Flat Is The New Up
(CNBC) Stocks are mixed today, and volatility is flat and trending down, and that may be a surprise to a lot of people. The market had reasons to go down. Stocks have been strong and are somewhat overbought. On top […]
Senate Candidate Faces Ethics Allegations Over Hedge Funds
(Bloomberg) Congressional investigators concluded Tuesday that there is “substantial reason to believe” that U.S. Representative Alan Grayson of Florida violated federal laws and House rules regarding the hedge fund he runs, his personal disclosures and the use of official resources […]
Hedge Fund Gávea Posts Heavy Losses in March on Asia, Brazil Bets
(Reuters) Two funds managed by Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted heavy losses in March as bets on declining prices for financial assets in Asia and Brazil soured. Money managers […]
Hintze’s CQS Hedge Fund Said to Part With 12 Traders, Managers
(Bloomberg) Money managers Simon Finn and Amir Kooros are among at least 12 people who have left CQS Investment Management Ltd. as performance at some of its hedge funds whipsawed, according to two people familiar with the matter. Christopher Callan, […]
Brevan Howard Hedge Fund Said to Lose 2% in March, Erasing Gains
(Bloomberg) Brevan Howard Asset Management’s main hedge fund lost 2 percent in March, erasing earlier gains this year, according to two people with knowledge of the matter. The Brevan Howard Master Fund, which bets on economic trends, ended the first […]
Hedge Funds Seen Closer to $3.4 Billion German Property Sale
(Bloomberg) U.S. hedge funds may sell stakes in office landlord IVG Immobilien AG in the second half as a turnaround of the once-struggling German company nears completion, people with knowledge of the matter said. The funds are most likely to […]
Hedge Fund Tiger Global Down 21 Percent; Viking Off 8 Percent
(Reuters) Hedge fund Tiger Global Management, known for making big bets on technology companies, slipped modestly in March, leaving it down 21 percent for the first three months of the year, an investor in the fund said.The numbers put the […]
A Bumpy But Flat Market Year-to-Date
(Daily Alts) A Bumpy But Flat Market Year-to-Date. If one was fortunate enough to avoid the noise of the first three months of the year, one could point to a flat equity market for the year-to-date (YTD) with the 10-year […]
Reduced Management Fees and Narrower Liquidity Among Trends in New Hedge Funds
(Hedge Fund Law Report) Hedge fund managers must guard against insidious issues that can give rise to conflicts of interest or trigger anti-fraud violations, such as liquidity issues caused by a manager’s operation of multiple funds. See “Operational Conflicts Arising […]
The Optimal Allocation to Managed Futures
(Harvest) Perhaps more telling than the snapshot as of December, is the best allocation percentage according to the efficient frontier each year going back most of a decade. Last Fall, we geeked out on the question that we get asked […]