Monthly Archives: March 2019
Wilshire Liquid Alternative Index up 0.56 per cent in February
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.56 per cent in February, slightly underperforming the 0.63 per cent monthly return of the HFRX Global Hedge Fund […]
Blackstone joins KKR and BlackRock in Mexico private equity fundraising
(Reuters) – Blackstone Group (BX.N) has raised $695 million from Mexican pension funds for its first two local private equity funds, filings showed, joining Black Rock and KKR & Co (KKR.N) in expanding in Mexico following regulatory changes. Several of […]
David Harding Rewrites Winton Hedge Fund Playbook in Search of Returns
(Bloomberg) David Harding was a hedge fund pioneer whose quantitative models generated double-digit returns for decades. Today, he’s in the unusual position of having to reinvent his business all over again.The algorithms he built don’t work so well anymore.“It’s pretty […]
WhiteBox Duo Plans to Launch New Event-Driven Distressed Debt Fund
(Bloomberg) Whitebox Advisors LLC colleagues Cindy Delano and Amit Patel have teamed up to form a hedge fund focused on event-driven and special situations that could arise as credit markets tighten. Invictus Global Management, based in Austin, Texas, is launching […]
Deutsche’s London Staff Would ‘Get Toasted’ in Commerzbank Merger
(Financial News) Deutsche Bank faces a fresh wave of departures in London as senior employees concede a merger with Commerzbank would spell the end of its global investment banking ambitions. Deutsche confirmed on March 17 that it has entered formal […]
At Hedge Fund that Owns Trump Secrets, Clashes and Odd Math
(Bloomberg) The threat was blunt: Back off, or there will be trouble. The 2016 presidential campaign had just ended, and Michael Cohen was fresh off handling hush money for Donald Trump. Now he was working on behalf of Chatham Asset […]
Hedge Funds Quietly Buying Visa Stock – Here’s Why
(Seeking Alpha) Renaissance Technologies purchased 1.7 million shares of Visa stock last quarter. Other hedge fund managers, including Ken Griffin, Israel Englander, and Cliff Asness, have also built positions in the stock. Visa shares offer a lot of upside due […]
Breaking Down Hedge Fund Pay in New York and London. And Male vs. Female
(eFinancial Careers) Among the biggest misconceptions about hedge funds is that everyone takes home massive seven-figure paychecks. The fact is, less than 10% earn more than $1 million annually. That said, reaching the upper ranks at a profitable hedge fund […]
Investment Adviser Charged with Stealing Millions from Investors to Perpetrate Ponzi Scheme
(HedgeCo.Net The Securities and Exchange Commission has charged a Long Beach, Calif. investment adviser with stealing millions of dollars from investors to perpetrate a Ponzi scheme. The SEC alleges that Carol Ann Pedersen, a former CPA and unregistered investment adviser, […]
Hedge Funds Face Wide Risk on Phishing, False Wire Payments
(Fundfire) In this exclusive interview with FundFire, Vinod Paul, Chief Operating Officer of Align, and John Araneo, Managing Director, Align Cybersecurity, and General Counsel of Align, discuss the most significant cloud trend occurring in the investment industry today, as well […]
Change in Catella AB’s Group Management
(Cision) Johan Nordenfalk, Chief Operating Officer (COO), will leave his employment and thereby Catella’s Group management for engagement outside of the company.”I would like to thank Johan for his long time and valuable efforts at Catella during the process of […]
Ex-Citadel Quants Are Gunning for the $3.8 Trillion Muni Market
(Bloomberg) The quants are coming for the $3.8 trillion municipal market. Headlands Tech Global Markets LLC, a firm founded by former senior executives at Citadel LLC, is using complex mathematical formulas and powerful computers to buy and sell state and […]