Monthly Archives: August 2019
Will more hedge funds follow Coatue’s lead into early stage venture?
(Opalesque) Hedge fund Coatue launched a $700m venture fund that will focus on early-stage investments. The New York-based firm submitted a filing for the vehicle with the SEC in November. To read this article:
Brixmor Property Group Inc. and Former Senior Executives Charged with Accounting Fraud
(HedgeCo.Net)The Securities and Exchange Commission has charged Brixmor Property Group Inc., a publicly-traded real estate investment trust, and four former senior executives with fraud in connection with a scheme to manipulate a key non-GAAP metric relied on by analysts and […]
BlackRock pulls in $2bn for Global Credit Opportunities Fund
(Opalesque) BlackRock, the world’s largest asset management firm, announced that it has raised $2bn for its flagship opportunistic credit fund, Global Credit Opportunities (GCO). To read this article:
Power derivatives market up by 55 per cent in July
(Hedgeweek) In July 2019, the European Energy Exchange (EEX) increased its volume on the power derivatives market by 55 per cent to 331.4 TWh compared to the previous year (July 2018: 213.8 TWh). To read this article:
Kraken acquires cryptocurrency portfolio reconciliation solution interchange
(Hedgeweek) Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators. To read this article:
London Stock Exchange Group to acquire Refinitiv in $27bn all-share deal
(Hedgeweek) London Stock Exchange Group (LSEG) is to acquire Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, in an all share transaction for a total enterprise value of approximately USD27 billion. To read this article:
Computers boost Man Group first-half assets, shares up
(Reuters) – British hedge fund manager Man Group said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher. Weaker equity investor sentiment prompted clients […]
Tax Haven Crackdown Catches Asia Hedge Funds in Its Crosshairs
(Bloomberg) Hong Kong hedge funds have found themselves in the crosshairs of a global crackdown on multinational companies that use subsidiaries in tax havens to lower liabilities. A new rule introduced by the Cayman Islands that took effect in January […]
Italy’s Intesa Clinches 10 Billion Euro Soured Loan Deal With U.S. Hedge Fund
(Reuters) Italy’s biggest retail bank Intesa Sanpaolo (ISP.MI) has clinched a deal with U.S. hedge fund Davidson Kempner over 10 billion euros ($11 billion) in problem loans, moving closer to a 2021 target of cutting soured debts to 6% of […]
The Perils of Fund Underperformance
(Bloomberg) Amundi SA, Europe’s biggest independent fund manager, saw customers withdraw money for a third consecutive quarter in the three months through June. It’s far from the only asset manager suffering outflows. And as the drumbeat of reports and research […]
Quant Funds Lift Man Group Despite $1.1 Billion of Withdrawals
(Bloomberg) Man Group Plc’s computer-driven funds are boosting earnings prospects for the world’s biggest publicly traded hedge fund even as the firm reported its first outflows for a six-month period since 2015. To read this article:
Schroders Adds to North American Distribution Team
(Opalesque) Schroders today announced two senior hires as it continues to broaden its bench of channel specialists, enhancing their Defined Contribution capabilities and West Coast presence as part of the firm’s continued strategy to grow its North American distribution platform. […]