Monthly Archives: August 2019
SEC Charges Head Sales Agent in South Florida Alternative Investments Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Boca Raton, Florida resident Scott P. Strochak, a former registered broker, for making material misrepresentations regarding an investment fund scheme that targeted retail investors, and for acting as an unregistered […]
Venture capital value remains slow at $10.1bn on 484 deals in Asia: KPMG
(Opalesque) In Q2 2019 venture capital (VC)-backed companies in the Asia region raised $10.1bn across 484 deals, says KPMG. Overall deal value and volume remained low during Q2 2019 in Asia, well off last year’s record pace, the KPMG report […]
Harrison Street raises $1.3bn for a new fund
(Opalesque) Harrison Street has raised $1.6bn for its seventh US opportunistic real estate fund – Harrison Street Real Estate Partners VII. The Chicago-based firm said that the fund closed at its hard cap of $1.3bn, above its original $950m fundraising […]
Barclay CTA index up 0.98% in July, 5.2% YTD
(Opalesque) Strong uptrends in equities, bonds, the US Dollar and gold helped push managed futures funds to another profitable month. CTA funds posted a 0.98% return in July 2019, according to the Barclay CTA Index compiled by BarclayHedge, a division […]
Capital Benchmark Form SHL For Hedge Fund Managers
(Opalesque) Investment advisers, hedge and private fund managers and U.S.-resident entities should review whether they have any filing obligations under Treasury International Capital Benchmark Form SHL. Form SHL is a five-year benchmark filing requirement administered by the Federal Reserve Bank […]
Hedge funds sell oil as global economy slows
(Reuters) Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies. To read this article:
Midwestern Money Manager Becomes Big Player in N.Y. Taxi Industry
(Bloomberg) Midwestern money manager O’Brien-Staley Partners acquired hundreds of New York City taxi medallion loans, becoming a major player in an industry upended by Uber and Lyft. O’Brien-Staley, founded by two former Cargill Inc. executives, bought performing loans secured by […]
General Electric Fortifies Defense Against Charges of Bogus Accounting
(Reuters) General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud. To read this […]
World’s Largest Pension Fund Promotes ESG and Performance-Based Fees
(Opalesque) The largest pension fund in the world has been clarifying its sustainability goals in the last few years and fund managers ought to take note, as it is an initiator and it is working with other large asset owners. […]
Federal Court Orders Defendants to Pay More Than $2.7 Million in a Forex Fraud Scheme
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has announced that the U.S. District Court for the Northern District of Georgia entered a default judgment against defendants Kevin Andre Perry and Lucrative Pips Corporation of Atlanta, Georgia in an enforcement action […]
Retail growth for interval funds on the horizon
(Hedgeweek) Angele Paris – There is a growing interest in offering unlisted, interval and tender-offer closed-end funds to retail investors, providing them access to alternative, potentially higher yielding strategies. To realise this growth, the industry needs to support and educate […]
2019 to outpace 2018 for full-year venture capital fundraising in the US
(Opalesque) Nearly 200 US-based venture capital funds closed in H1 2019; however, there are still another 1,004 funds in the market collectively seeking over $95bn, revealed a Preqin report. To read this article: