(Opalesque) The global investment management firm AllianceBernstein (AB) has acquired Stamford, Connecticut-based boutique AnchorPath Financial, adding around $400m in assets under management.Financial terms of the deal were not disclosed. AnchorPath is an investment management firm founded in 2009. To read […]

(Opalesque) Distressed debt funds on the road number an all-time high of 70 as managers prepare to deploy significant capital in the aftermath of COVID-19, said Preqin. The 70 such funds in the market represent a combined $72bn in the […]

(Opalesque) New research suggests that the coronavirus could have impacted private equity firms as the buyout fundraising in the US for the first quarter of 2020 declined by almost 50 percent QoQ and 20 percent YoY. However, it is still […]

(Reuters) Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount. The Wells Fargo global alternative investments feeder fund platform provides […]

(CNBC)U.S. stock futures were little changed on Thursday night following a muted session in which traders grappled with disappointing unemployment data and rising coronavirus cases. Dow Jones Industrial Average futures gained just 27 points, but pointing to a Friday opening […]

(Hedgeweek) Most hedge fund industry employees have been working remotely during the coronavirus pandemic, but now firms are split over when staff should return to work and when businesses can resume face-to-face contact with investors and other clients, a new […]

(Opalesque) Hedge fund performance was up +1% so far in June, according to Lyxor Peer Groups. The period under review (up to June 9th) excludes the most recent trading days which saw renewed market volatility. The report said that L/S […]

(Opalesque) ETFGI, the independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today that assets invested in the global ETFs/ETPs industry have increased by 4.7%, from US$5.84 trillion at the end of April 2020, […]

(Opalesque) The global hedge fund business posted an average +2.54% return for May, according to the latest eVestment hedge fund performance data. The rebound last month wasn’t enough to turn the tide for the industry, which is down -5.36% YTD. […]

(Marketwatch) If Berkshire is to have the prospects of generating the value it has in the past, it has to adapt by buying these companies that will generate significant value over the next 25 years. To read this article:

(CNBC) U.S. stock futures were mixed in early morning trade on Wednesday, following a big rally in the previous session fueled by growing belief that the worst may be over for the world’s largest economy. Dow futures dipped 67 points, […]

(CNBC) Stocks rose on Tuesday as a record jump in retail sales — coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus — sent market sentiment soaring. The Dow Jones Industrial Average closed 526.82 […]