(Opalesque) There were 86 new hedge fund launches in Q2 2019, of which 87% were traditional single-manager commingled funds, said Preqin in ints Quarterly Update. No CTAs launched in Q2, which could be a knock-on effect of underperformance in 2018 […]

(Opalesque) The Bahamas Central Bank is preparing the creation of the Bahamian digital dollar to enable more financial inclusion and economic growth, to show the world that the jurisdiction is innovative and technology-oriented and is committed to anti-money laundering, said […]

(Opalesque) In the week ending July 19th 2019, the HFR Global Hedge Fund Industry Report said hedge fund assets reached a new record in the second quarter, driven by performance gains and investor re-allocations to top hedge fund firms. Total […]

(Reuters) – Premier Inn owner Whitbread said on Friday activist investor Elliott Capital Advisors disclosed a stake of below 5% in the company. The Sunday Telegraph reported in May that Elliott had become increasingly frustrated with Whitbread’s strategy of owning […]

(Bloomberg) With almost $13 trillion of bonds in the global debt market yielding less than zero, fund managers are increasingly chasing returns in less liquid assets. The result could be a reduction in the transparency about what portfolios are really […]

(Opalesque) Strategic Partners, Blackstone’s secondary private equity platform, closed its eighth fund on more than $11.1bn. Strategic Partners VIII L.P.’s investors included pension funds, sovereign wealth funds, financial institutions, endowments, foundations, family offices, and wealthy individuals from over 30 countries […]

(Opalesque) UK private equity firm Equistone Partners Europe has struck a deal to acquire Moody’s Analytics Knowledge Services (MAKS).The London-based company provides bespoke research, analytics and automation technology to the financial services sector. With nine delivery centres around the world, […]

(Reuters) – British fund manager Neil Woodford is looking to kick off the sale of his unlisted biotech investments at the end of July, but faces months of negotiations to offload the portfolio, a source familiar with the matter told […]

(Bloomberg) Elliott Management Corp. has built a position in Altran Technologies SA, the French software company that agreed last month to be acquired by Capgemini SE for 3.6 billion euros ($4 billion). The New York-based hedge fund has bought about […]

(Reuters) Blackstone Group (BX.N) has hired a portfolio manager from hedge fund Caxton Associates to head its global macro and emerging markets strategies as uncertainty about interest rates is creating fresh investment opportunities in these areas. Gabriel Sod Hoffs joined […]

(Bloomberg) A former Credit Suisse banker best known for his role in privatizing Russian state assets after the fall of communism is capitalizing on another transformative moment, this time in the U.S. Boris Jordan, 53, is getting rich from cannabis. […]

(Opalesque) The Bahamas has been working on enhancing and updating its jurisdiction offerings for financial services of late. “In the last two years, we have seen a change in the approach of the government,” said Brent Symonette, a member of […]