Monthly Archives: August 2019
Pemberton Capital Advisers raises $4.7bn on 2 fund closes
(Opalesque) The asset management group in London, Pemberton Capital Advisers closed its European midmarket strategy at €3.2bn ($3.5bn), which includes European Mid-Market Debt Fund II and U.K. Mid-Market Debt Fund, and also closed its Strategic Credit Opportunities Fund at €1bn. […]
Mexico boasts a fast-growing private capital sector
(Opalesque) Mexico boasts a fast-growing private capital sector, strong economic fundamentals, and supportive political institutions, not to mention a burgeoning middle class and a young demographic bulge. Investors and fund managers are increasingly putting this promising emerging economy – the […]
Who Is Harry Markopolos’s Mystery GE Short Seller? No One Is Talking
(Bloomberg) When Harry Markopolos dropped his bombshell report skewering General Electric Co., he revealed that he was working with a short seller to profit from the stock’s decline. More than a week later, that firm’s identity remains a mystery. Markopolos […]
Third Point Builds Stake in Ray-Ban Maker EssilorLuxottica
(Reuters) Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA (NESN.S) to Campbell Soup Co (CPB.N), has amassed a stake in Ray-Ban maker EssilorLuxottica SA (ESLX.PA), people familiar with the matter […]
SS&C GlobeOp Forward Redemption Indicator up 3.41% August 2019
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for August 2019 measured 3.41%, up from 2.69% in July.”SS&C GlobeOp’s Forward Redemption Indicator of 3.41% for August 2019, though up from the 2.73% reported a year ago for August 2018, closely matched […]
Buddy Fletcher’s Cornwall Castle Sells for Pennies on the Dollar
(Bloomberg) Beyond three sets of gates, down a mile-long drive, rise the fairy-tale turrets of Cornwall Castle. That would be Cornwall, Connecticut. For almost a century, the estate in the rolling hills 100 miles north of Manhattan stood as a […]
Mississippi Company and its Principal Charged in Alleged Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a Mississippi company and its principal for their role in selling promissory notes in connection with the previously charged Madison Timber Properties, LLC Ponzi Scheme. The SEC’s complaint, filed in federal court […]
Everyone Who Hates the Stock Market Is Feeling a Lot Smarter Now
(Bloomberg) U.S. stocks have hit 13 records this year and generated $5 trillion of wealth. They’ve stood up to sagging earnings, slowing growth and a surging dollar. The S&P 500 is headed for what could still easily be its best […]
Hedge funds still seeing outflows, but performance boosts AUM
(Hedgeweek) Investors withdrew another USD8.42 billion from the global hedge fund industry in July, according to the July 2019 eVestment Hedge Fund Asset Flows Report. But strong performance in the industry continues to boost overall industry assets under management (AUM), […]
Third Point builds stake in Ray-Ban maker EssilorLuxottica
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA (NESN.S) to Campbell Soup Co (CPB.N), has amassed a stake in Ray-Ban maker EssilorLuxottica SA (ESLX.PA), people familiar with the […]
Deutsche Bank to transfer up to 800 to BNP in prime brokerage deal: source
(Reuters) – A deal in the works for BNP Paribas (BNPP.PA) to assume the prime brokerage operations of Deutsche Bank (DBKGn.DE) will allegedly involve the transfer of up to 800 people. Deutsche Bank said in July it had struck a […]
H.I.S. Withdraws from Battle for Unizo – Nikkei Business
H.I.S. Withdraws from Battle for Unizo – Nikkei Business Reuters posted on Fri 23 Aug 2019 Permalink Print Japanese travel agency H.I.S. Co is withdrawing a bid for control of Unizo Holdings , Nikkei Business reported on Friday, throwing in […]