Monthly Archives: September 2019
Hedge funds resume selling oil as focus turns back to economy
(Reuters) Hedge funds resumed selling petroleum as Saudi Arabia ramped up output following attacks on its oil installations and the focus shifted back to the poor health of the global economy and oil consumption. Hedge funds and other money managers […]
Hedge Fund Manager Bucks Trend, Sees Rate Rebound Next Year
(Bloomberg) Macro and commodity trading advisers have delivered the two best investment strategies for hedge funds this year. But Brooks Ritchey, who helps oversee $3.5 billion at Franklin Templeton, is trimming his holdings as he prepares for a major shake-up. […]
Number of New Hedge Fund Launches up for Second Consecutive Quarter
(HedgeWeek) New hedge fund launches increased for the second consecutive quarter in Q2, with launches through mid-year 2019 on a pace that could see the industry top launches from calendar year 2018. Launches totalled an estimated 153 in Q2 2019, […]
Hedge Fund Investors Seek Expert Stock Pickers
(Bloomberg) The jacks-of-all-trades should watch out. Hedge fund investors want expert stock-pickers now. That’s the consensus found in a survey of some 300 investors by Goldman Sachs Group Inc. Industry allocators — including funds of funds, pension funds, consultants, family […]
Herbalife Settles With S.E.C., but Too Late for Hedge Fund Investor
(New York Times) Herbalife, a nutritional supplement company that was once the focus of attacks by a well-known hedge fund manager, reached a settlement on Friday with securities regulators over allegations it misled investors about its business practices in China. […]
Hedge Funds Struggle to Replicate Warren Buffett’s Reinsurance Success
(Bloomberg) Berkshire Hathaway Inc.’s Warren Buffett issued a warning about eight years ago: Reinsurance isn’t easy. Still, hedge fund managers—including David Einhorn of Greenlight Capital and Daniel Loeb of Third Point—have borrowed a bit from Buffett’s playbook and gone into […]
Two BMO Advisory Firms Pay Over $37 Million to Harmed Clients for Failing to Disclose Conflicts of Interest
(HedgeCo.Net) The Securities and Exchange Commission today announced that two BMO advisers have agreed to pay over $37 million to settle charges regarding their failure to tell clients about certain aspects of how the advisers selected investments in their retail […]
SS&C to acquire Algorithmics assets from IBM
(Hedgeweek) SS&C Technologies Holdings, is to acquire certain Algorithmics and related assets from IBM. Algorithmics provides leading risk analytic products and services for the financial services industry worldwide. To read this article:
LoCorr Funds acquires Steben & Company
(Hedgeweek) LoCorr Funds is to acquire Steben & Company, an alternative asset manager that specialises in multi-manager alternative investment products. LoCorr has also made a number of additions to its distribution team. To read this article:
New hedge fund launches on the rise for second consecutive quarter
(Opalesque) – New hedge fund launches increased for the second consecutive quarter, with launches through mid-year 2019 on a pace that could see the industry top launches from calendar year 2018. To read this article:
Venture capital AUM in South Asia steadily grown to $15bn over the past 10 years
(Opalesque) Venture capital AUM in South Asia has steadily grown over the past 10 years, reaching $15bn as of December 2018. Fundraising in the region peaked in 2015 when 23 funds secured a combined $3.5bn. Aggregate capital raised declined sharply […]
Canada’s Northleaf Capital raises $1bn from institutional investors
(Opalesque) Canadian private markets investor Northleaf Capital Partners has raised an additional US$1 billion in capital from Canadian, U.S., European and Asian investors across its global private markets program. It plans to use the capital infusion for investments across the […]