Monthly Archives: September 2016

Gross: Punish PIMCO For ‘Bad Faith’ Tactics

(Fin Alternatives) Famed bond investor Bill Gross said on Friday that PIMCO and its lawyers should be punished for unfairly impeding him from pursuing a $200 million lawsuit against the company, the latest salvo in a long-running saga involving the […]

Aberdeen Asset Management Appoints Two To Alternatives Team

(Fin Alternatives) Aberdeen Asset Management has strengthened its alternatives team by naming John Dickie as co-head of U.S. private equity while Whit Matthews was named a senior investment manager for the U.S. private equity team. To read this article:

Activist, Distressed Strategies Lead Returns For Second Straight Month

(Fin Alternatives)Discretionary strategies produced the best returns in the hedge fund space for the second consecutive month in August, according to eVestment’s latest Hedge Fund Performance Report. The company’s Hedge Fund Aggregate gained 0.18%, bringing overall YTD returns to +3.47%. […]

Hedge Funds Cut Bearish Pound Positions Before BOE Rate Decision

(Bloomberg) The pound held a three-day decline as hedge funds and other large speculators cut their bets that the currency will fall for a second week before the Bank of England’s latest policy decision. That’s the first back-to-back reduction in […]

Bridgewater Said to Get $22.5 Billion in New Money Since 2015

(Bloomberg) Bridgewater Associates LP, the world’s largest hedge fund manager, has attracted $22.5 billion in client money since it started a new strategy early last year, according to a person familiar with the matter. About three-quarters of the money went […]

Ex-SAC Trader Said to Shut Hedge Fund Backed by Alibaba Founders

(Bloomberg) Andrew Bazarian, a former employee at billionaire investor Steven A. Cohen’s firm, will shut his Asia-focused hedge fund whose backers include a firm that invests money for Alibaba Group Holding Ltd. executives, according to people familiar with the matter. […]

Alternative Investment Industry Growing in California

(Harvest) In response to changing investment landscape in California, Gerlach announced plans to change the name and scope of the CHFA. He said that on January 1, 2017, the CHFA will be broadening its mandate to include all alterative strategies […]

Two Large Investment Advisory Firms Charged With Compliance Failures in Wrap Fee Programs

(HedgeCo.Net)— The Securities and Exchange Commission today announced that two investment advisory firms are settling charges related to compliance failures within their wrap fee programs. SEC investigations found that St. Petersburg, Fla.-based Raymond James & Associates and Milwaukee-based Robert W. […]

HFR: HFRI Index Gains 0.40% in August As Volatility Falls

(Fin Alternatives) Led by strong performance in activist and energy strategies, HFR’s benchmark HFRI Fund Weighted Composite Index notched its sixth consecutive monthly gain last month with a +0.40% return. To read this article:

Alternative Investors Face Difficulty Finding Right Opportunities

(Fin Alternatives) Investors across all alternative asset classes are finding it harder to source attractive investment opportunities than twelve months ago, according to a new survey from industry data provider Preqin. To read this article:

Private Equity Is the New Hedge Fund

(Bloomberg) Hedge funds have served publicly as this year’s whipping boy for angry investors. They’ve been hammered with some of the biggest withdrawals since the credit crisis and are being forced to drop their fees. Less discussed, however, is just […]

Investors Prefer Computer-Run Hedge Funds to Traders

(New York Post) Investors are unhappy with activist hedge fund performances — unless the fund is run by a computer. Nearly 80 percent of investors surveyed by Preqin said performance of hedge funds has not lived up to expectations over […]