Monthly Archives: June 2019
Hedge Funds, High Water and Gone Gold
(Bloomberg) For the past six years, there’s been no number more filled with dread for gold bulls than $1,350 an ounce. Barring a few brief spikes, the metal has struggled to break through that level ever since it came off […]
Highfields spinoff Solel Partners to start trading later this year
(Reuters) – Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, […]
Dollar slides, posting biggest two-day drop in a year
(Reuters) – The U.S. dollar sank against its rivals on Thursday, posting its biggest two-day drop in a year a day after the Federal Reserve signaled it was ready to cut interest rates as early as next month. To read […]
JPMorgan to convert Highbridge multi-strategy fund into credit fund
(Reuters) – JPMorgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday. To […]
Private equity can boost impact investing, but GPs have to focus on transparency and trust building KMPG says
(Opalesque) The impact investing market size is now estimated to be $502 billion. But is private equity ready for it? A new report from KPMG surveyed senior private equity executives who are active in impact investing and asked them how […]
H.I.G. Capital raises $1.5bn for special situations credit fund
(Opalesque) H.I.G. Capital, alternative assets investment firm with over $31bn of equity capital under management, said that its distressed debt and special situation affiliate H.I.G. Bayside Capital closed its latest special situations credit fund, H.I.G. Bayside Loan Opportunity Fund V. […]
Infrastructure funds’ investments in shipping growing larger, says Preqin
(Opalesque) Looking back at the development of the shipping-focused fundraising market in recent years reveals that managers have been closing fewer funds, but at record-high totals.According to Preqin Insights, the infrastructure funds investing in the shipping industry have consistently secured […]
Intertrust acquires Viteos for $330m
(Hedgeweek) Intertrust, a global provider of administrative services to corporate, fund, capital markets and private wealth clients, has acquired Viteos, a provider of technology solutions for hedge funds, private equity, real estate, private debt and other alternative asset managers, from […]
KPMG Paying $50 Million Penalty for Illicit Use of PCAOB Data and Cheating on Training Exams
(HedgeCo.Net) The Securities and Exchange Commission has charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB). The SEC’s order also […]
Beyond the numbers: The benefits of middle-office outsourcing
(Hedgeweek) When reviewing middle-office outsourcing proposals, this comment is not uncommon. However, the inclination to evaluate outsourcing by extrapolating in-house operating budgets and comparing them to outsourcing proposals is an insufficient method for determining the total value of a proposed […]
Cheyne Capital closes Strategic Value Credit Fund at EUR1bn hard cap
(Hedgeweek) Alternative asset manager Cheyne Capital Management (Cheyne Capital) has closed its inaugural European Strategic Value Credit Fund (SVC) having scaled back subscriptions to the Fund’s capacity limit of EUR1 billion. To read this article:
Wedbush to Pay More Than $8.1 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that Wedbush Securities Inc. will pay more than $8.1 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). This is the SEC’s 11th action against a bank or […]