Monthly Archives: February 2020
Private market assets under management grew by 10% in 2019
(Opalesque) Private market assets under management (AUM) grew by 10 percent in 2019, and $4 trillion in the past decade, an increase of 170 percent, said a study. According to McKinsey’s annual review of private investing, the number of active […]
US venture capital deal hit record-high total value in 2019 at $104bn
(Opalesque)The aggregate value of venture capital deals for US-based companies reached a new peak of $104bn in 2019. Despite this, the annual number of deals has decreased continually since 2014 (6,809), and dropped by 18% from 2018 to 4,637 deals […]
Hedge fund Third Point calls on Britain’s Prudential to break up
(Reuters) Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc (PRU.L) and called on the British insurer on Monday to split into two companies. To read this article:
Oil funds’ first wave of virus-selling loses momentum:
(Reuters) – Hedge funds again sold petroleum last week as fears about a coronavirus-driven recession intensified, but the rate of sales decelerated for the third week running. To read this article:
Oil hedge fund Andurand loses about 8% in January
(Reuters) (Reuters) – Oil trader Pierre Andurand’s hedge fund lost about 8% in January after a volatile start to the year, the Financial Times reported on Friday. His firm Andurand Capital is one of a handful of funds that still […]
Wells Fargo to Pay $500 Million for Misleading Investors About the Success of Its Largest Business Unit
(HedgeCo.Net) The Securities and Exchange Commission has charged California-based Wells Fargo & Co. for misleading investors about the success of its core business strategy at a time when it was opening fake accounts for unknowing customers and selling unnecessary products […]
Morgan Stanley buys E-Trade for $13bn in an all-stock deal
(Opalesque) American multinational investment bank and financial services company Morgan Stanley is buying online broker E*Trade Financial Corp. in a $13 billion deal that will reshape the storied investment bank. To read this article:
Not going viral… Hedge fund managers maintain discipline despite market jitters over coronavirus
(Hedgeweek) Equity markets have merely sneezed in response to the coronavirus (Covid-19) and while there is uncertainty over how much fear has been priced in, as infection numbers continue to rise, hedge funds have navigated developments with discipline and a […]
Global asset flows may push dollar to tipping point, says Horseman
(Hedgeweek) US assets continue to draw international flows, predominantly from Japan, but the level of support may not be sustainable to keep the dollar strong, according to new research by contrarian hedge fund Horseman Capital. To read this article:
Credit Suisse Asset Management’s NEXT Investors acquires Northpoint
(Opalesque) Credit Suisse Asset Management’s NEXT Investors, a leading Fintech growth equity group, announced today the acquisition of the NorthPoint product suite and technology consulting practice from ACA Compliance Group (ACA), a leading global provider of governance, risk, and compliance […]
Investors pulled $109.6bn or 3.8% of assets from hedge funds last year:
(Opalesque) In the week ending February 21st 2020, the Barclay Fund Flow Indicator revealed that hedge fund clients continued to pull out their money in December, marking the second-straight month of outflows and the worst full-year outflows since 2009. Globally, […]
Deloitte: ESG-mandated assets on pace to account for 50% of all professionally managed assets by 2025
(Opalesque) The US has often lagged behind other jurisdictions in terms of its appetite for ESG investments, but that may be changing. A new report from Deloitte suggests that the number of ESG-mandated assets in the United States could grow […]