Monthly Archives: January 2018

Rosemont buys 20% of Martingale Asset Management

(Opalesque) Opalesque Industry Update: Rosemont Investment Partners, LLC, a specialist private investor in the asset and wealth management communities, is pleased to announce that it has made a 20% equity investment in Martingale Asset Management, L.P. as a Limited Partner. […]

Thiel’s Founders Fund Has Been Quietly Buying Bitcoin Since 2012

(Bloomberg) Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012. Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing […]

Credit rating agencies under Securities and Exchange Commission oversight show improved compliance

(HedgeCo.Net) Credit rating agencies under Securities and Exchange Commission oversight show improved compliance, increased information technology resources, and continued competition, according to two SEC staff reports released today on nationally recognized statistical rating organizations (NRSROs). “NRSROs are continuing to display […]

Gelband to Start Hedge Fund After Dispute With Millennium Ends

(Bloomberg) Michael Gelband, the former head of credit at Millennium Management, will start his long-anticipated hedge fund in the next six months after resolving a hiring dispute with billionaire Izzy Englander. To read this article:

Jeff Altman’s Flagship Fund Jumps 21% on Distressed Bets

(Bloomberg) When Toys “R” Us caught credit traders off guard with its sudden plunge into bankruptcy, Jeff Altman locked in gains from the unraveling after betting against the retailer by stacking up credit-default swaps. It was one of a handful […]

Steve Cohen Prepares Return With Help of Big Brother Oversight

(Bloomberg) Behind Steve Cohen’s hedge fund comeback is Big Brother. Inside what will be his Stamford Harbor Capital sits a command center in the middle of the trading floor. There, a 50-member compliance team is strategically positioned to listen in […]

Sadis & Goldberg expands investment funds and corporate practices

(Hedgeweek) Sadis & Goldberg has expanded its private equity, investment funds and corporate practices with the addition of partner Paul J Marino (pictured) who advises national and multinational hedge funds, private equity funds and corporations, ranging from telecommunications to technology […]

The UK’s financial watchdog is investigating troubled construction firm Carillion

(The Business Insider) The UK’s financial regulator has begun an investigation into troubled construction giant Carillion. The Financial Conduct Authority (FCA) is investigating the “timeliness and content” of announcements made by the firm between December 7, 2016, and July 10, […]

OCIO Specialist Hirtle Callaghan Names Morris To Senior Client Engagement Post

(FINalternatives) OCIO specialist Hirtle Callaghan has named asset management industry veteran and former SEI Investments executive Jim Morris as senior client engagement director. To read this article:

Dyal Capital Partners Takes Minority Stake in Cerberus Business Finance

(FINalternatives) Neuberger Berman affiliate Dyal Capital Partners has taken a strategic minority stake in Cerberus Business Finance, the middle-market lending platform of $30 billion alternative asset manager Cerberus Capital Management. To read this article:

Blackstone-Backed Archview Investment Group Said To Close

(FINalternatives) Stamford, CT-based distressed debt hedge fund Archview Investment Group is reportedly shutting down and plans to begin returning money to investors in the new year. To read this article:

The world’s hottest investment product is showing signs of slowing down

(The Business Insider) It used to be that if you wanted to attract interest in an exchange-traded fund, all you had to do was launch one. After all, as the ETF market exploded over the past decade, investor demand seemed […]