Monthly Archives: November 2020
Funds of hedge funds continue to be the most common category of side letter investor
(Opalesque) Seward & Kissel has released its 2019/2020 Hedge Fund Side Letter Study. The key takeaways of the Study are as follows: Excluding certain outliers, the average regulatory assets under management (“RAUM”) of the Mature Managers in the Study was […]
Goldman money funds’ liquidity buffer swells before U.S. election
(Reuters) – Two Goldman Sachs Group Inc money-market funds, whipsawed in March by billions of dollars of investor withdrawals, have steadily amassed a liquidity cushion much larger than rivals, as the $4.35 trillion industry braces for the outcome of the […]
Crypto hedge funds rack up steep gains on lending surge
(Reuters) – Cryptocurrency hedge funds have posted hefty gains so far this year, benefiting from the surge in transactions that allow lenders and borrowers to transact without banks, as well as a steady rise in the bitcoin price. To read […]
Hedge fund specialist Brooklands Fund Management now servicing family office sector
(Hedgeweek) Hedge fund asset management platform provider Brooklands Fund Management is now providing back office support to multi-family offices with a plan to increase the scope of work to more middle office and reporting functions over the course of 2021. […]
KKR’s third-quarter earnings rise on capital market strength
(Reuters) – Private equity firm KKR & Co Inc KKR.N said on Friday its after-tax distributable earnings rose 6% year-on-year in the third quarter, driven by growth in management and transaction fees from its capital markets business. To read this […]
Winners and losers: How 2020’s hedge fund performance is now weighing more heavily on investor allocations
(Hedgeweek) The sharp dispersion in hedge fund performance is having a more noticeable impact on where investors choose to allocate – and withdraw – their money this year. To read this article:
SEC Issues Record $114 Million Whistleblower Award
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. The $114 million award consists of an approximately $52 […]
SEC Revokes Registration of Adviser Engaged in $60 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least […]
Hedge fund assets up 3.5% since end of 2018 despite outflows
(Opalesque) For the sixth consecutive quarter, hedge fund outflows surpassed capital inflows, with the industry losing $34.4bn in the capital during Q3 2019, said Preqin. Despite the continued drawdowns, positive performance across most top-level hedge fund strategies in 2019 YTD […]
Losses from digital currency crime soar to $4.4bn in the first nine months of 2019, up 150%
(Opalesque) The total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion in the first nine months of the year, up more than 150% from US$1.7 billion in all of 2018. However, the Q3 showed the lowest […]
VoxSmart acquires Fonetic trading business
(Hedgeweek) VoxSmart, a specialist in mobile surveillance technology, has announced its acquisition of the Fonetic Trading business to deliver a comprehensive communications surveillance offering for Capital Markets participants. To read this article:
Complacency Could Blind Regulators to The Next Financial Crisis Warns Ex SEC Exam Chief
(Forbes) Complacency could blind regulators to the start of the next financial crisis warns Carlo di Florio who helped the Securities and Exchange Commission mop up after the end of the last one as the head of its exam unit. […]
