Monthly Archives: July 2016
Fortress to Shut Centaurus Unit, Continuing Hedge Fund Reduction
(Reuters) Fortress Investment Group said on Thursday it plans to shut its Fortress Centaurus Global hedge funds, continuing the firm’s move away from hedge funds that invest in liquid, or easy to trade, assets such as stocks. The Centaurus funds, […]
Howard Marks Says Hedge Fund ‘Geniuses’ Spawned Too Many Firms
(Bloomberg)Investor appetite for hedge funds has waned after too many managers started such vehicles in the past decade, Oaktree Capital Group LLC’s Howard Marks said. “People have grown appropriately skeptical,” the billionaire investor, whose firm doesn’t manage hedge funds, said […]
Bill Gross Is Running His $1.5 Billion Mutual Fund by Himself — Again
(Bloomberg) Bill Gross is running his $1.5 billion Janus Global Unconstrained Bond Fund by himself — again. The legendary money manager is losing his No. 2, Kumar Palghat, who joined Gross as co-manager last July. Palghat will become co-manager of […]
SEC Obtains Asset Freeze in Case of Investor Funds Stolen for Shopping Sprees
(HedgeCo.Net) The Securities and Exchange Commission today announced an asset freeze it has obtained against three men who aren’t registered to sell investments and allegedly went on lavish shopping sprees with more than $5 million raised from investors to purportedly […]
Liquid Alternatives With Tom Florence of 361 Capital
(Daily Alts) Strategic Investor Radio Charley WrightIn this episode of Strategic Investor Radio, host Charley Wright interviews Tom Florence, president and CEO of 361 Capital. Mr. Florence began his career as an advisor with Merrill Lynch in 1985, before moving […]
Hedge Fund Hathersage Hires New Senior Portfolio Manager
(FinAlternatives) Currency-focused hedge fund Hathersage Capital Management has hired former Standard Chartered executive Andrew Wilkoff as executive director and senior portfolio manager. to read this article:
High Yield Munis: Too Late to Join the Party?
(Harvest) High yield municipal bonds have experienced a period of strong performance over the last several years. Robust U.S. tax-adjusted performance relative to other asset classes, coupled with U.S. investors’ growing appreciation of federal tax-exempt income in a low-rate world, […]
Och-Ziff’s Head Equities Trader Joseph Samuels Said to Resign
(Bloomberg) Joseph Samuels, head of U.S. equities trading at Och-Ziff Capital Management Group LLC, left the firm, according to people with knowledge of the matter. Samuels, 41, an executive managing director, departed on Tuesday after 13 years at the hedge-fund […]
Hedge Fund Calls New York Times Article a ‘Distortion’
(New York Times) Bridgewater Associates, the world’s largest hedge fund, released a statement on Thursday taking issue with what it called “significant mischaracterizations” and a “distortion” of some of its business practices and culture that were described in an article […]
Wellington Hedge Fund Manager Who Backed Fintech Unicorns Is Having A Terrible Year
(Forbes) Nicholas Adams has long been one of the most prominent partners at Wellington Management, the Boston-based firm that oversees $943 billion and is known for being the biggest sub-adviser of Vanguard mutual funds. But Adams works in Wellington’s hedge […]
Alaska’s $53 Billion Permanent Pool to Exit Funds of Hedge Funds
(Bloomberg) Alaska’s $53 billion wealth fund plans to exit all of its funds of hedge funds and will instead make investment decisions in-house. Alaska Permanent Fund Corp. plans to pull all of the $2 billion it has invested in liquid […]
Investors pulled a whopping $20.7 billion from hedge funds in June
(Yahoo Finance) Hedge funds suffered some big redemptions in June, with investors pulling approximately $20.7 billion in the month alone, making it one of the largest non year-end outflows since 2009, according to a new eVestment Hedge Fund Asset Flows […]