Monthly Archives: January 2019
Brazil Hedge-Fund Icon Scoops Up Vale Shares After Dam Disaster
(Bloomberg) One of Brazil’s most revered hedge-fund managers is seeing a buy opportunity in Vale SA’s record plunge. Rogerio Xavier, who helps manage 19 billion reais ($5 billion) in assets at the helm of the SPX Nimitz funds, said he […]
Euro Zone Inflation Gauge Tracked by ECB Hits Lowest Since 2016
(Reuters) A key gauge of the market’s long-term expectations for inflation in the euro area fell on Tuesday to its lowest level since late 2016, in a further sign that weak economic data globally is weighing on the inflation outlook. […]
U.S., China Face Deep Trade, IP Differences in High-Level Talks
(Reuters) The United States and China launch a critical round of trade talks on Wednesday amid deep differences over Washington’s demands for structural economic reforms from Beijing that will make it difficult to reach a deal before a March 2 […]
Commonfund cools on hedge funds, eyes credit in 2019
(Opalesque) Commonfund, a $24.8 billion asset manager for endowments, foundations, and pensions, has cut back its allocations to hedge funds citing a desire to preserve liquidity as managers struggle to take advantage of market moves. In its recent outlook letter, […]
Validity Finance beefs up investment team
(Opalesque) Litigation funder Validity Finance has made a notable addition to its growing investment team with the arrival of portfolio counsel William C. Marra in New York. The firm also announced a prominent addition to its governance structure, with Allen […]
Lazard beefs up ESG team
(Opalesque) Lazard Asset Management today announced that Jennifer Anderson and Nikita Singhal have joined the firm as Co-Heads of Sustainable Investment and ESG (environmental, social and governance). Anderson and Singhal are based in London and New York, respectively. “Our investment […]
Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Scheme Targeting Retail Investors
(HedgeCo.Net) A federal court in Florida has ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. The Honorable Judge Marcia G. Cooke […]
Bridgewater, RenTech Make $13 Billion in a Grim Hedge-Fund Year
(Bloomberg) Ray Dalio’s Bridgewater Associates and Jim Simons’ Renaissance Technologies beat their rivals in a tough year for hedge funds in 2018, making a combined $13 billion for their investors. The profits accounted for more than half the money generated […]
Elliott Management Will Likely Wage Proxy Campaign to Shake Up Arconic
(New York Post) So you want to protect your retirees’ pensions? That could get you into trouble with the state of Delaware.Elliott Management — reeling from the surprise rejection of a $10 billion takeover offer for aluminum giant Arconic earlier […]
A bumper year for private equity buyout deals in 2018: Preqin
(Opalesque) A total of 5,106 private equity-backed buyout deals were announced through 2018, an all-time record, building on the previous record of 4,829 seen in 2017, said a latest report by Preqin. According to Preqin Insights the total value of […]
Preqin Hedge Fund Gauge Sheds 3.4% Last Year, Worst Since 2008
(Asia Asset Management)The global hedge fund industry registered the worst performance in ten years in 2018 with 59% of funds posting negative returns as turbulent markets exacted a toll, according to London-based data provider Preqin. The Preqin All-Strategies Hedge Fund […]
Hedge funds return to oil as OPEC removes some downside risk
(Reuters) Hedge fund managers stepped up their purchases of oil and refined products last week on growing hopes of a U.S.-China trade truce and that the global economy will avoid a severe slowdown in 2019. To read this article: