Monthly Archives: September 2019
Hedge funds redemptions slow to USD1.8bn in July
(Hedgeweek) Hedge fund redemptions slowed from the prior month’s pace in July, though outflows continued for a second straight month as the hedge fund industry experienced USD8.1 billion in net redemptions. To read this article:
Valley Forge Capital Management surpasses $500m in AUM
(Hedgeweek) Equity hedge fund manager Valley Forge Capital Management (VFCM) has surpassed USD500 million in assets under management (AUM). To read this article:
Hennessee Hedge Fund Index down -1.20% in August (+6.99% YTD)
(Opalesque) Hennessee Hedge Fund Index decreased -1.20% for the month (+6.99% YTD), while the S&P 500 was down -1.81% (+16.73% YTD), the Dow Jones Industrial Average decreased -1.87% (+13.00% YTD), and the NASDAQ Composite Index lost -2.60% (+20.00% YTD). To […]
As of July, investors redeemed 5.3% of hedge fund assets in the past 12 months
(Opalesque) In July, hedge funds experienced a total of $8.1 billion in net redemptions – the second straight months of outflows on account of no-deal Brexit and Eurozone contraction, despite U.S. fund gains from June’s equity markets rally. To read […]
Advent International raises $2bn debut global technology fund
(Opalesque) U.S. private equity firm Advent International closed Advent Global Technology, the inaugural technology-focused companion fund to its Global Private Equity (GPE) program, at $2 billion. To read this article:
Asset managers need to embrace advanced technology to be more profitable:
(Opalesque) Asset managers need to embrace new technologies, such as artificial intelligence (AI) distributed ledger technology (DLT) and robotic process automation (RPA), faster and more thoroughly to enable revenue growth, said the results of research from Accenture and the Investment […]
Investor Netter pushes FSD to restructure or return cash
(Reuters) – Investment manager Donald Netter is stepping up his battle with First Trust High Income Long/Short Fund (FSD) by asking the closed-end fund to restructure or give investors their money back because it has been trading at a discount […]
Rockefeller Capital Buys Wealth Firm for Silicon Valley Rich
(Bloomberg) Rockefeller Capital Management, the wealth adviser led by former Morgan Stanley executive Greg Fleming, is boosting its Silicon Valley credentials.Bloomberg posted on Thu 19 Sep 2019 Permalink Print Rockefeller Capital Management, the wealth adviser led by former Morgan Stanley […]
With Each Roundup Verdict, Bayer’s Monsanto Purchase Looks Worse
(Bloomberg) In July 2018, a baby-faced lawyer named R. Brent Wisner seized the opportunity to ask his legal opponent a question that had been bugging him. Through a series of accidents, Wisner had found himself co-leading a monumental case against […]
SEC Halts Alleged $125 Million Offering Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against three individuals and three entities in connection with an alleged fraudulent, ongoing international trading program […]
How Vanda Has Become the World’s Best-Performing Hedge Fund
(Bloomberg) Chong Chin Eai, founder of Swiss-Asia Financial Services’ Vanda Global Fund, shares his investment strategy. Singapore-based Vanda is the world’s best performing hedge fund this year, up 278% through July. To read this article:
BNY Mellon and Bloomberg to deliver front-to-back integration capabilities
(Hedgeweek) The Bank of New York Mellon Corporation (BNY Mellon) and Bloomberg have formed a strategic alliance that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance solution. To read this article: