Monthly Archives: September 2017
For One Hedge Fund, a Bet on the Affordable Care Act Sours
(New Zealand Herald) Wagering that the new federal health care law would be a boon, the billionaire investor Larry Robbins bet big on hospital stocks five years ago. Those investments helped propel his hedge fund, Glenview Capital Management, to the […]
Brazil Funds Lead in Strong Month for Hedge Fund Returns
(Evestment) In a strong month for the global hedge fund industry, emerging markets hedge funds continued to shine the brightest, according to the just-released August 2017 eVestment Hedge Fund Performance Report. Brazil-focused funds lead the pack in August with +5.34% […]
China Is Considering Major Investments In European Finance as Part of Its Global Spending Push
(CNBC) After ports and industrial parks, the deal makers leading China’s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe’s banks, insurers and asset managers to tap funds and expertise. Last week, sources […]
Hedge Funds Turn More Bearish On Grains Than On Soft Commodities
(Agrimoney) Hedge funds became more bearish on grains than New York-traded soft commodities as concerns waned over dryness damage to corn output – while hurricane worries prompted a surge in betting on cotton price rises. Managed money, a proxy for […]
Senator Reintroduces Bill To Crack Down On Hedge Funds
(Wisconsin Public Radio) U.S. Sen. Tammy Baldwin has reintroduced legislation to crack down on activist hedge funds. The Brokaw Act is named after the central Wisconsin Village of Brokaw, which effectively went bankrupt after Starboard Value, a New York hedge […]
Kettera Expands Hydra To Equity-Based Hedge Funds
(FINalternatives) Alternative investment platform specialist Kettera has expanded its managed account marketplace Hydra to equity-based hedge fund strategies, addressing the challenges faced by investors when trying to incorporate equity hedge fund strategies into portfolios. To read this article:
State Street Paying Penalties to Settle Fraud Charges and Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups for transition management services and separately omitted material information about the operation […]
Irma: How Hedge Funds Are Handling a Possible Disaster
(Bloomberg) Greg Hagood didn’t have many details to work with on Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a […]
State Street Survey: Interest in Illiquid Assets Driving Co-Investment Activity
(FINalternatives) An increasing appetite for illiquid assets is driving investor interest in co-investments, consolidation and joint ventures, according to new research from State Street, while outsourcing of activities continues to offer both advantages and challenges. To read this article:
Hermes Joins United Nations Global Compact
(FINalternatives) Global investment manager Hermes Investment Management has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. To read this article:
Private Assets Are the New Hedge Funds
(Bloomberg) Hedge funds are dead. Long live private assets.Remember when hedge funds were the envy of investors? The returns were magical. The managers were gods. And they bestowed their bounty on a select smart-money set. To read this article:
Norway Votes as PM Hopes Record Stimulus Will Ensure Her Victory
(Bloomberg) Norwegians head for the polls in parliamentary elections in which Prime Minister Erna Solberg aims to make history thanks to her record use of the country’s oil riches. After spending an unprecedented amount on saving the economy from a […]