Monthly Archives: June 2019
US managers dominate fund raising activity
(Hedgeweek) The United States dominates the PE marketplace when it comes to size of AUM size. It is estimated that the top 300 global PE managers manage USD1.5 trillion in assets, of which US-based managers account for USD1 trillion; this […]
What aren’t you telling me? Major discrepancies in hedge fund performance reporting
(Hedgeweek) The Chartered Financial Analyst Institute (CFA), one of the most important organizations in the investment industry, is expected to announce performance presentation standards for the hedge fund industry sometime later this year. Currently, they are formulating their recommendations and […]
Elliott Management Advocated for an Allergan Split Prior to Sale
(Bloomberg) Elliott Management Corp. had built a position in Allergan Plc and was pushing to split the company before AbbVie Inc. agreed to acquire it for $63 billion, according to people familiar with the matter. The hedge fund, run by […]
Why Greyhound Bus’s Biggest Shareholder Hates British Trains
(Bloomberg) Coast Capital LP, a New York hedge fund, tried and failed on Tuesday to oust the board of directors of FirstGroup Plc, an under-performing bus and train company whose assets include the Greyhound intercity bus network. Wisely, FirstGroup’s chairman […]
What China’s Greater Openness Means for Investors
(Harvest) Its economic leadership creates a potential opportunity that cannot be ignored. Many of the things that have been leveled at emerging markets over the years are now key concerns in the West: mercantilism, political instability, the wedge between rich […]
Europe’s Recovery Hinges on Fiscal Policy
(Harvest) Will Germany, the lynchpin of the eurozone economy, take the lead with fiscal stimulus by raising spending and cutting taxes to bolster Europe’s recovery? To read this article:
Typhon Capital Management launches quant trading program
(Opalesque) Typhon Capital Management announced today Roberto Vernazza and his Mercurio Quantitative Program have joined the firm. Mr. Vernazza is Typhon’s first dedicated Quant portfolio manager under the team of François Moreau, Head of Quantitative Trading, and Cris Doloc, Ph.D., […]
SEC fines hedge fund $5 million over undervaluation of assets
(Opalesque) A recent action where the SEC focused on the presumably conservative undervaluation of assets suggests that it is more than willing to use valuation as a hook to deter “smoothing” of returns. As we previously noted, while the SEC […]
Notz Stucki intent on playing an active role in consolidation
(Opalesque) 55 years after its foundation, the Geneva-based asset management firm NOTZ STUCKI has bolstered its governance with an expanded and rejuvenated Executive Committee.Drawing on its acknowledged investment expertise and its diversification into three complementary activities, the Group clearly states […]
New Defendant Charged in $43 Million Tribal Bonds Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million […]
Investors pull another $3.78bn from hedge funds as consolidation pressure mounts
(Hedgeweek) Global investors pulled another $3.78 billion from hedge funds in May, according to the May 2019 eVestment Hedge Fund Asset Flows Report. However, despite the overall negative industry flows, many funds have been successfully able to raise new assets […]
Alternative investment professionals bullish on prospects for remainder of 2019
(Hedgeweek) A new survey of alternative investment professionals has found that hedge fund and private equity executives alike predict moderate economic growth for the remainder of 2019. To read this article: