Monthly Archives: April 2018
BlueMountain Capital Adds Portfolio Manager
(Opalesque) BlueMountain Capital Management, a private diversified alternative asset management firm, today announced that Sanket Patel has joined the firm as Portfolio Manager of Global Energy equity investments, effective April 10. The appointment reflects BlueMountain’s commitment to redefine and expand […]
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
(Opalesque)The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2018 measured -0.09%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.40% in April. “SS&C GlobeOp’s Capital Movement Index for April 2018 […]
SEC Orders Three Investment Advisers to Pay $12 Million to Harmed Clients
(HedgeCo.Net) The Securities and Exchange Commission has announced that three investment advisers have settled charges for breaching fiduciary duties to clients and generating millions of dollars of improper fees in the process. According to the SEC’s orders, PNC Investments LLC, […]
SS&C GlobeOp Hedge Fund Performance Index down 0.09 per cent in March
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2018 measured -0.09 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, declined 1.40 per cent in April, To read […]
Crypto Hedge Fund Says Bitcoin Has Bottomed Out
(Bloomberg) Pantera Capital Management, which has more than $800 million in assets, says $6,500 was the low of this bear market and Bitcoin will stay above that price for the majority of the next year, likely surpassing the previous record […]
Hedge Fund Man Group Says Assets Up 3% on Net Inflows
(Reuters) Man Group, the world’s largest listed hedge fund, said on Thursday that net inflows of $4.8 billion in the first quarter helped funds under management rise 3 percent in the first three months of 2018. Total assets under management […]
This Tech Hedge Fund Made 10% Even as Stocks Tanked
(Bloomberg) A technology hedge fund founded by two alumni of Coatue Management rose 10 percent in March after steering clear of a selloff in global tech giants such as Facebook Inc. and Amazon Inc. Sylebra Capital Management’s $1.1 billion fund […]
Hedge Funds No Longer Need the Star System.
(Bloomberg) The list of once-revered-now-humbled hedge fund managers is growing. Alan Fournier is shutting Pennant Capital Management after nearly two decades, acknowledging that “recent returns have been disappointing.” David Einhorn’s main hedge fund at Greenlight Capital was down 14 percent […]
Paulson & Co Takes Stake in Viacom
(Reuters) Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has taken a stake in Viacom Inc as the U.S. media company has started to turn around its business, Paulson told Reuters in an interview. Over […]
Folger Hill to Merge With Schonfeld
(Reuters) Folger Hill Asset Management, a hedge fund run by former SAC Capital Advisors LP executive Sol Kumin, will merge with Schonfeld Strategic Advisors after a period of sluggish returns.“It became clear that the best path forward for the Folger […]
Hedge Fund Managers Are Feeling Pretty Good
(Wealth Professional) There was improved performance for the global hedge fund industry in 2017 but can this year be even better? Optimism is rising among fund managers with 67% of those surveyed by Preqin saying that their assets under management […]
The Changing Face of Talent at Hedge Funds
(Hedgeweek) Technology continues to be a major driver of change within the hedge fund industry, with a marked effect on hiring practices. Managers are realising that to survive in today’s highly competitive and innovative environment, they need to look beyond […]