Monthly Archives: April 2017
Hedge-Fund Manager Crispin Odey Says It’s Lonely Being Bearish
(Bloomberg) Crispin Odey, whose main hedge fund lost almost 50 percent last year as his wagers on falling asset prices failed to pay off, says he feels “lonely” in betting against growth. “A year ago it was easy,” the 58-year-old […]
Hedge Funds Lose on UK Election Shock, But Man Less Than Machines
(Reuters) Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While […]
AIMA Warns on Euro Clearing Costs for Hedge Funds
(HFMWeek) Managers will face additional costs if euro-denominated clearing is relocated to the eurozone post-Brexit, trade body Aima has warned. Such a move would cause fragmentation of liquidity and the duplication of collateral requirements, making clearing both less effective at […]
Carlyle Closes First CLO of 2017 with $612m
(FINalternatives) Global alternative asset manager Carlyle Group has raised approximately $612 million for its first U.S. collateralized loan obligation fund of 2017.The new CLO, arranged by Citigroup, is named Carlyle US CLO 2017-1 and will invest predominantly in senior secured […]
Hedge Funds Confidence in OPEC Starts to Fray
(Reuters) OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016. OPEC committed to implement credible production cuts and reduce global […]
Yale University Endowment Officials Make the Case for Active Management Fees
(InvestHedge) Yale University endowment officials have heard the active management fee critics out there, Warren Buffett notably among them, but Yale isn’t going to change what’s been working for it and its $25.4 billion endowment fund. Arguably the most successful […]
Hedge Fund Assets Rise Again With Quants Leading The Way
(Valuewalk) The theme of machine winning over man continued in the first quarter. The Macro category was a winner, with computer-driven systematic strategies leading the way with $4.9 billion of new capital. The sub-strategy now has total AUM of $294 […]
Before Ouster, Arconic CEO Accused Hedge Fund Founder of Wild Antics
(New York Times) In the sleepy world of corporate governance, allegations of extortion are not exactly commonplace. But one of the most contentious showdowns between an activist hedge fund and a public company just got bizarre… To read this article:
One Hedge Fund That’s Never Far From a Good Fight
(Times) Paul Singer founded Elliott Management in 1977 and built up his $33 billion hedge fund by investing in bankrupt and struggling companies. Elliott is famous for its 15-year campaign to make Argentina pay up on its defaulted bonds. The […]
‘Liquid Alts’ Needs to Go: Managers
(Harvest) The once-hyped product type has become associated with high fees and vague definitions, and avoiding the phrase “liquid alts” altogether might be the best option to help resuscitate sales, according to asset managers who have taken issue with the […]
Hedge Funds See Biggest Inflows in 20 Months in March
(CNBC) After flocking from hedge funds in 2016, investors are beginning to find their way back. In fact, March saw money came back into the $3.1 trillion industry at the fastest pace since August 2015 — a 20-month span that […]
British Hedge Fund Man Group Says First Quarter Assets Up 10 Percent
(Reuters) British hedge fund firm Man Group said on Thursday that net inflows, positive market moves and flows related to a recent acquisition helped funds under management rise 10 percent in the first quarter. Total assets under management at the […]