Category Archives: Syndicated
US financial services firms advance rapidly with artificial intelligence
(Opalesque) A large number (84%) of surveyed US financial services corporations revealed they are either currently in or past the “enlightenment age” of artificial intelligence (AI), said a survey. According to Broadridge’s AI Outlook Survey for 2019, firms are using […]
SS&C GlobeOp Forward Redemption Indicator up 3.81% in June
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for June 2019 measured 3.81%, up from 3.21% in April. “SS&C GlobeOp’s Forward Redemption Indicator of 3.81% for June 2019 reflects lower redemptions compared to 4.17% reported for the same period a year […]
Highfields Spinoff Solel Partners to Start Trading Later This Year
(Reuters) Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, two […]
U.S. Top Court Takes on Puerto Rico Financial Oversight Board Dispute
(Reuters) The U.S. Supreme Court on Thursday agreed to decide whether members of Puerto Rico’s federally created financial oversight board were lawfully appointed in a dispute that could disrupt the panel’s restructuring of about $120 billion of the bankrupt U.S. […]
Data mining is top AI priority for financial services firms, says Broadridge survey
(Hedgeweek) The financial services industry’s top priority for AI applications is data mining, according to the second annual AI Outlook Survey from Broadridge Financial Solutions. To read this article:
Euerkahedge Hedge Fund Index down 0.71 per cent in May
(Hedgeweek) The Eurekahedge Hedge Fund Index was down 0.71 per cent in May, bringing its year-to-date return to 4.32 per cent. Roughly 15.0 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first […]
Nomura Alternative Investment Management launches Diversified Absolute Return UCITS Fund
(Hedgeweek) Nomura Alternative Investment Management (NAIM), a London and Paris-based quantitative investment manager within Nomura Group has launched the Nomura Diversified Absolute Return UCITS Fund. To read this article:
Hedge Funds, High Water and Gone Gold
(Bloomberg) For the past six years, there’s been no number more filled with dread for gold bulls than $1,350 an ounce. Barring a few brief spikes, the metal has struggled to break through that level ever since it came off […]
Highfields spinoff Solel Partners to start trading later this year
(Reuters) – Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders’ former boss, who ran hedge fund Highfields Capital, […]
Dollar slides, posting biggest two-day drop in a year
(Reuters) – The U.S. dollar sank against its rivals on Thursday, posting its biggest two-day drop in a year a day after the Federal Reserve signaled it was ready to cut interest rates as early as next month. To read […]
JPMorgan to convert Highbridge multi-strategy fund into credit fund
(Reuters) – JPMorgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday. To […]
Private equity can boost impact investing, but GPs have to focus on transparency and trust building KMPG says
(Opalesque) The impact investing market size is now estimated to be $502 billion. But is private equity ready for it? A new report from KPMG surveyed senior private equity executives who are active in impact investing and asked them how […]