Category Archives: Syndicated
GI Partners Considers Selling Minority Stake in Itself
(Bloomberg) Another alternative asset manager is looking to take some chips off the table. GI Partners, a San Francisco-based private equity and real estate firm, is considering selling a minority stake, according to people familiar with the matter. The firm […]
Perella Weinberg Weighs Asset Manager Split Before IPO
(Bloomberg) Perella Weinberg Partners, the boutique investment bank founded by Joe Perella and Peter Weinberg, is weighing separating its asset-management unit as it considers plans for a potential initial public offering, according to people familiar with the matter. The asset-management […]
Quant With $4.8 Billion Holds Tight on Market Roller Coaster
(Bloomberg) The sharp moves in global markets across Treasuries, stocks and European bonds this week raised the specter of forced selling en masse — thrashing risk appetite anew. Some systematic traders, however, simply kept calm and carried on. Take Transtrend […]
This Fund Returned 80% for Investors, With Just Two Stocks
(Bloomberg) There’s high-conviction funds, and then there’s Stephen Diggle’s health-care funds. The hedge fund veteran’s $100 million Vulpes Life Sciences Class A fund holds only two stocks, and the $50 million Class B fund just three. While the strategy has […]
Strong Uncertainty in Markets Boosted Net Sales of Multi-Asset Funds in March
(Opalesque)The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and AIFs for March 2018. 28 associations representing 98 percent of total UCITS and AIF assets […]
Hedge Funds Enjoy Inflows in March Amid Equity Market Correction Industry Assets Hit All-Time High
(Opalesque) Hedge fund investors held their ground in March 2018, according to the Barclay Fund Flow Indicator, even as the equity market correction entered its second month. Industry assets climbed to an all-time high of $3.0 trillion. Data drawn from […]
Money is Still Cheap Enough to Support Stocks
(Harvest) Recently, U.S. interest rates hit multi-year highs and the dollar came back from the dead. From the February low to Monday’s high the DXY Dollar Index gained approximately 6.5%. At the same time, long-term U.S. interest rates are back […]
Four Hedge Fund Managers Top $1 Billion in Pay as The Industry Rebounds
(CNBC)Four hedge fund managers joined the 10-figure club last year, making more than $1 billion as the industry showed signs of a rebound. Indeed, the 25 highest-paid hedge fund managers last year made the most money they have in four […]
Hedge Fund Calls Out JD for ‘Silly’ Deals, Over-Hyped Stock
(Bloomberg) A prominent hedge-fund manager has publicly attacked JD.com Inc. and its billionaire founder Richard Liu, calling China’s No. 2 e-commerce operator over-valued and upbraiding its top executive for persistent losses. Kok Hoi Wong, chief investment officer for APS Asset […]
Brevan Howard’s Main Hedge Fund Posts Gains of 4.45% in May
(Bloomberg) Brevan Howard Asset Management’s flagship hedge fund is on course for one of its best monthly returns, a reprieve for the money manager facing an investor exodus. The Brevan Howard Master Fund gained 4.45 percent this month through May […]
Legg Mason Sets Aside $67 Million to Settle U.S. Libya Probe
(Bloomberg) Legg Mason Inc. has set aside $67 million as part of an expected resolution of a Foreign Corrupt Practices Act investigation into activities of a hedge fund unit that managed money for the Libyan government of Moammar Al Qaddafi. […]
Soros Contention on Global Crisis `Ridiculous,’ Gorman Says
(Bloomberg) Morgan Stanley Chief Executive Officer James Gorman said that investor George Soros’s contention another major global crisis may be in store is unrealistic, and that the Federal Reserve will probably hike interest rates three more times in 2018 despite […]