Monthly Archives: May 2019
Billionaire David Tepper Is Planning to Return Outside Money
(Bloomberg) Billionaire David Tepper is planning to return money to investors, following other marquee names who quit the struggling hedge fund industry to manage their own capital. Tepper, 61, who founded Appaloosa Management in 1993 and is one of the […]
D.E. Shaw’s Top Shareholder Activist Koffey Leaves Hedge Fund
(Reuters) Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. The […]
CAIS Adds Four to Team
(Opalesque) CAIS, the leading financial technology platform connecting financial advisors with alternative asset managers, has added four senior-level team members to significantly expand and enhance its marketplace. Marco Riedl joins CAIS as Chief Product Officer to improve user experience and […]
SEC Sues Alleged Perpetrator of Fraudulent Pyramid Scheme Promising Investors Cryptocurrency Riches
(Hedgeco.Net) The Securities and Exchange Commission filed a civil injunctive action against Daniel Pacheco, a resident of San Clemente, California, and the alleged perpetrator of a multimillion-dollar pyramid scheme. The SEC’s complaint, filed Wednesday, alleges that from January 2017 through […]
Sustainable funds attracts $26bn of net inflows worldwide in Q1 2019
(Opalesque) Sustainable, responsible, and impact investment funds continue to grow rapidly, attracting $26bn of net inflows worldwide during the first quarter of 2019. 2018 saw a record $76bn inflow and funds gain $102bn of inflows in the 15 months through […]
Investcorp invests in Mercury Capital Advisors
(Hedgeweek.Com) Investcorp, a global provider and manager of alternative investment products, is to acquire Mercury Capital Advisors (Mercury), an institutional capital raising and investment advisory enterprises. To read this article:
Hedge fund manager David Tepper plans to send investors’ money back
(Reuters) – Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person familiar with his plans said […]
Some Hedge Funds Dodged the Worst of Tesla’s Latest Tantrum
(Bloomberg) Hedge funds like Millennium Management LLC and DE Shaw & Co. trimmed their exposure to Tesla Inc. just before the company’s latest drop during the second quarter wiped out roughly $16 billion in market value. To read this article:
D.E. Shaw’s top shareholder activist Koffey leaves hedge fund
(Reuters) – Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. […]
Hong Kong’s Longest-Serving CEO Steps Down as Sons Take Over
(Bloomberg) David Li, the longest-serving chief executive officer of a major Hong Kong-listed company, is stepping down from the top position at Bank of East Asia Ltd. after a 38-year run. Li, 80, will withdraw from his day-to-day role as […]
Show Me the data: Investors Demand Better ESG Disclosures
(Opalesque) Asset managers are always looking for a valuation edge. But even when key factors are identified, the data may not be available. This is particularly true with environmental, social and governance (ESG) issues. No one will dispute their relevance, […]
SS&C GlobeOp Forward Redemption Indicator up 3.21% in May
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21%, up from 2.51% in April.”SS&C GlobeOp’s Forward Redemption Indicator of 3.21% for May 2019 was a strong result, coming in 26 basis points below the 3.47% reported for […]