Monthly Archives: January 2018
Robert Jackson and Hester Peirce Sworn In as SEC Commissioners
(HedgeCo.Net) Robert J. Jackson Jr. and Hester M. Peirce have been sworn into office as SEC Commissioners by SEC Chairman Jay Clayton. Mr. Jackson and Ms. Peirce were nominated to the SEC by President Donald Trump, and their nominations were […]
Portfolio Advisors Raises $1.5B For Third Secondaries Fund
(FINalternatives) Private markets specialist Portfolio Advisors, LLC has raised $1.5 billion in capital commitments for its third private equity secondary fund, exceeding its target and hitting its hard cap. To read this article:
Castlewood Notches Third Consecutive Year of Double-Digit Returns
(FINalternatives) The flagship fund at macro-oriented investment manager Castlewood booked its third straight year of double-digit returns in 2017, according to performance data seen by FINalternatives, gaining +16.79% net of expenses. To read this article:
AIG to Expand Pension, Hedge Fund Ties After $5.56 Billion Deal
(Bloomberg) American International Group Inc. will expand its relationships with alternative-asset managers after it completes a $5.56 billion deal to buy Validus Holdings Ltd., Chief Executive Officer Brian Duperreault said.Validus’s AlphaCat unit, which oversees $3.4 billion, works with pensions, hedge […]
Oil Hedge Fund BBL Commodities Sees Brent at $80 on OPEC Cuts
(Bloomberg) BBL Commodities LP, one of the world’s largest oil-focused hedge funds, believes Brent crude will climb to $80 a barrel this year as stockpiles drop rapidly on the back of production cuts made by OPEC and its allies. To […]
Ackman Cuts Staff, Shuns Limelight as he Seeks to Turn Around Fund
(Reuters) William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters […]
Loeb’s Third Point Calls for Faster Changes at Nestle in Letter
(Bloomberg) Dan Loeb’s Third Point is urging Nestle SA to buy back more of its shares and accelerate portfolio changes at the company to better align with its strategy, including renewing a call for the company to sell its stake […]
Zombies Torment a Hedge Fund Titan
(Bloomberg) Out of the mouths of babes and sucklings, wisdom can sometimes be heard. The same applies to money-losing hedge-fund managers. In his most recent letter to his long-suffering investors, Crispin Odey accuses banks of keeping unprofitable companies alive by […]
Why Banks Will Be Slammed In The Next Crisis—And That May Be Good News
(Harvest) While some banks are run by honest folk, others are almost indistinguishable from criminal organizations. Bank scandals are nothing new in the US and elsewhere. Still, those banks may be one of the best investment opportunities of your life. […]
AIMA Publishes GDPR Implementation Guide
(FINalternatives) The Alternative Investment Management Association has published a General Data Protection Regulation (GDPR) Implementation guide that summarizes the GDPR framework in the context of alternative investment management and aims to help members understand and comply with new EU-wide rules […]
Fund Managers’ Fees Outed As MiFID II Disclosure Rules Take Effect
(MoneyMarketing) Some fund managers’ costs have been shown to increase at least two times beyond the ongoing charges figure, as Mifid II rules around fee disclosure take effect…. To read this article:
Why ‘Alpha Males’ Make Bad Hedge Fund Managers
(Institutional Investor) High-testosterone hedge fund managers “significantly underperform” low-testosterone peers, according to research from the University of Central Florida and Singapore Management University. These “alpha males” post lower returns because they trade more frequently, tend toward high-risk, high-potential stock picks, […]