Monthly Archives: July 2017
Elliott Tries a Texas Charm Offensive to Outdo Berkshire’s Oncor Bid
(Bloomberg) While Elliott Management Corp. tries to cobble together enough money to beat Berkshire Hathaway Inc.’s $9 billion bid to buy one of America’s largest transmission operators, it has another problem to deal with: the state of Texas. The New […]
China’s Newest Route for Bond Buying Is Pulling Funds Home
(Bloomberg) Turns out that China’s new Bond Connect with Hong Kong isn’t just good for foreigners. Offshore Chinese money is using the channel to bring money back home, taking advantage of opportunities in domestic credit products. With the Chinese yuan’s […]
Hedge Fund Gigantism is Not Necessary
(Investing.Com) A joint survey by the Alternative Investment Management Association and GPP, the financial services firm formerly known as Global Prime Partners, disaggregates the hedge fund industry by size. It finds that the dynamics of the smallest (emerging-funds) sector looks […]
Hedge Funds Making Risky Bet On Venezuelan Bonds Ahead Of Widely Condemned Vote
(HITC Business) One particular trade is in the November 2017 bond of the state-owned oil company, which faces the possibility of sanctions. Some hedge funds are taking big bets on Venezuelan debt ahead of a controversial national vote on Sunday […]
Active vs. Passive? It Doesn’t Matter.
(Harvest) The debate between stock-picking active and index-based passive management has been raging for years. So far, the momentum is all on the side of passive managers. BlackRock, Vanguard, and State Street occupy the top spots on the AUM tables, […]
Emerging from the shadows — the case for emerging markets
(Harvest) After an extended period of weakness, emerging market equities have rebounded nicely year-to-date — outperforming developed market stocks by a sizeable margin, as measured by the MSCI Emerging Markets Index and MSCI EAFE Index. In my view, this strong […]
SEC Announces Whistleblower Award of More Than $1.7 Million
(HedgeCo.Net) The Securities and Exchange Commission today announced a whistleblower award of more than $1.7 million to a company insider who provided the agency with critical information to help stop a fraud that would have otherwise been difficult to detect. […]
Preqin: Investors In Asia Pacific Increase Hedge Fund Allocations
(FINalternatives) Driven largely by sovereign wealth funds, investors in the Asia-Pacific region have increased their allocations to hedge funds to a record $202 billion as of the end of last year, according to research from Preqin. To read this article:
Ex-Harvard Star Meyer Is Said to Cut Jobs as Firm Bleeds Assets
(Bloomberg) Jack Meyer, the investor who built a multibillion-dollar hedge fund firm after more than quadrupling Harvard University’s endowment, cut his workforce this year as assets declined, according to a person with knowledge of the matter. Convexity Capital Management eliminated […]
ADP Shares Spike On Report That Hedge Fund Manager Bill Ackman Is Building A Stake
(CNBC) Billionaire investor Bill Ackman’s Pershing Square Capital Management is said to be building a stake in Automatic Data Processing, Bloomberg reported, citing sources. Shares of ADP spiked on the news. Pershing has already acquired shares in the business outsourcing […]
Harmony Hedge Fund Becomes First Institutional Participant on MCX
(Economic Times of India) Multi Commodity Exchange of India Ltd on Thursday announced that Harmony Hedge Fund, a Category III Alternative Investment Fund, has become the first institutional participant on its platform. Institutional participation in commodity derivative markets is being […]
Neuberger Berman Raises $450M For CLO Risk Retention Pool
(FINalternatives) Global investment manager Neuberger Berman has held a final close for its latest CLO risk retention vehicle, raising approximately $450 million of committed capital. To read this article: