Monthly Archives: September 2019
Strong investment returns in 2018 help the US states’ pension liabilities drop
(Opalesque) America’s state pension funds saw their adjusted net pension liabilities (ANPL) fall during the fiscal year 2018 thanks to strong investment returns during the previous fiscal year, said a report from Moody’s Investor Service.” To read this article:
Investors turn to hedge funds for asset protection
(Opalesque) Hedge fund investors are looking to the asset class to offer asset protection as they anticipate an equity market downturn, said Preqin Investor Update. The report on alternative assets during H2 2019, said that despite the underwhelming 12-month performance, […]
Cinctive Capital Management debuts with backing from PAAMCO Launchpad
(Opalesque) The founders of Diamondback Capital Management have launched a new fund – Cinctive Capital. The long/short equity multi-manager fund is starting out with over $1 billion in commitments from institutions including the Employees Retirement System of Texas and PAAMCO […]
Buyout Firm CD&R Pursues Bid with PPG for Buffett-backed Axalta
(Reuters) Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s […]
Raymond James Agrees to Pay $15 Million for Improperly Charging Retail Investors
(Hedgeco.Net) The Securities and Exchange Commission today has instituted a settled order against three Raymond James entities for improperly charging advisory fees on inactive retail client accounts and charging excess commissions for brokerage customer investments in certain unit investment trusts […]
Crispin Odey Opens His Hottest Hedge Fund to External Clients
(Bloomberg) Crispin Odey, whose main fund has seen excruciating losses and spectacular gains, is opening up his firm’s best performing money pool to external investors. To read this article:
Diamondback Duo Starts Long-Short Hedge Fund With $1 Billion
(Bloomberg) Rich Schimel and Lawrence Sapanski have started their new hedge fund with $1 billion in commitments seven years after shutting their previous firm, according to an email sent to investors. To read this article:
Hedge funds up 0.17 per cent in August, says Eurekahedge
(Hedgeweek) The Eurekahedge Hedge Fund Index was up 0.17 per cent in August, bringing its year-to-date return to 6.58 per cent. Roughly 32.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first […]
Barclay CTA Index gains 2.23% in August
(Opalesque) An ongoing bond market rally that pushed 30-year US Treasury and German bond yields to all-time lows helped to propel managed futures funds to a profitable August with CTA funds returning 2.23% according to the Barclay CTA Index To […]
European assets under management have more than doubled in the last decade
(Opalesque) The European Fund and Asset Management Association (EFAMA) has just published the 11th edition of its Asset Management Report. The report aims to highlight the fundamental role of asset managers in the financial system and wider economy, channelling savings […]
Hub International acquires wealth manager Washington Financial
(Opalesque) Hub International Limited, a global insurance brokerage and financial services firm known as “Hub,” announced it has acquired the assets of Wash Financial LLC, which does business as Washington Financial Group (WFG). To read this article:
Hedge funds turned bullish on oil before Saudi attacks:
(Reuters) – Before the attacks on Saudi Arabia’s oil installations on Sept. 14, hedge fund managers had started to become more bullish, or at least less bearish, about the prospects for oil prices amid hope for a trade truce between […]