Category Archives: Syndicated
The Strategic Group buys Paskewitz Asset Management
(Opalesque)The Strategic Group, a Puerto Rico-based private equity firm, has acquired Paskewitz Asset Management, a registered commodity trading adviser. No financial terms were disclosed. Through an affiliated special purchase acquisition vehicle (The Strategic Funds, LLC), The Strategic Group, P.R., LLC, […]
Fed Survey Points to a Scaling Back of Bets on Emerging Market Gains
Reuters posted on Fri 28 Dec 2018 Permalink Print Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise […]
Omega, Jabre Capital Among Hedge Fund Casualties in Dismal 2018
(Bloomberg) Hardly a month went by without news of the high-fee money managers — young and old, running large and small shops, big and little-known names — shutting down. Many struggled to navigate markets marked by violent stock swings and […]
The Volatility in Stocks Right Now is ‘Abnormal,’ Says Manager of $200 Billion CalSTRS
(CNBC) Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 billion in assets. “The last few days have […]
Jane Buchan’s New Fund Set to Declare Its Independence
(Barron’s) There’s a lot about the hedge fund world that Jane Buchan, co-founder of hedge fund-of-funds firm Paamco, doesn’t understand….Like why it seems like everyone hates hedge funds, yet clients keep allocating more money to them. To read this article:
Sears May Be Down To Its Last 24 Hours to Survive
(CNBC) Sears the employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge […]
Buying and Holding Volatility Usually Hurts; then Came 2018
(Reuters) The big uptick in stock market gyrations this year has made a surprise winner out of a trade that has rarely delivered a win – buying and holding volatility. Stock market ructions over the last decade have been few […]
The Hedge Fund King and a Technological Arms Race
(Bloomberg) Luke Ellis, the CEO of Man Group Plc, exemplifies the challenge facing the whole of the investment management industry: how does the world’s largest publicly traded hedge fund win a technological arms race that’s roiling the entire business?Hedge-fund managers […]
Historic U.S. Stock Surge Sees Limited Momentum
(Bloomberg) Asian stocks climbed on Thursday after the biggest rally in U.S. equities since 2009 offered relief from this month’s wrenching downturn, though gains were restrained outside of Japan. Tokyo’s Topix Index closed almost 5 percent higher, leading the region, […]
A Hedge Fund Is Doubling Down on Under Armour Stock
(Barron’s) Under Armour stock (ticker: UAA) sure didn’t spend 2018 riding the pine. Class A shares of the maker of athletic apparel and footwear were sporting a 16% year-to-date gain through Monday. Hedge fund Adage Capital Partners is going with […]
SS&C GlobeOp Forward Redemption Indicator: December notifications 4.86%
(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for December 2018 measured 4.86%, up from 3.96% in November.”SS&C GlobeOp’s Forward Redemption Indicator for December 2018 was 4.86%, a year-over-year increase from the 4.18% reported a year ago for December 2017,” said […]
Opalesque Exclusive: PineBridge’s Kelly: late cycle concerns are overblown
(Opalesque) Are markets late cycle, or merely dealing with a mid-life crisis? A new outlook from Michael Kelly, global head of multi-asset at PineBridge suggests that even with recent stock market volatility we aren’t quite headed toward the late cycle […]