Rhode Island’s economic study funder manages $65m in RI pension money... [more]From Golocalprov.com: Rhode Island native Mark Gallogly, whose private equity firm, Centerbridge Partners, manages $65 million in Rhode Island pension fund money, has stepped forward to help fund a study by the Brookings Institution that's intended to recommend solutions to improve the state's econo
Impact of size and age on hedge funds performance... [more]From Valuewalk.com: The 2015 edition of eVestment’s Impact of Size & Age on Hedge Fund Performance report continues to build on findings from last year’s report to provide insight into performance trends for funds of various sizes and ages. In response to feedback from eVestment clients, the 2015 ed
Legal - Senators start asking questions about hedge funds betting on lawsuits... [more]From Bloomberg.com: Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful courtroom warfare. Now two top Republican senators—Chuck Grassley of Iowa and John Cornyn of Texas—have a few questions of their own. The lawmak
Asia - China managers turn to big data for new funds... [more]From Asianinvestor.net: Chinese manager Dacheng is to launch “big data” fund partnerships in an attempt to improve stock selection for investors.
The move has highlighted a growing wave of big dataproduct launches in China, which has seen fund houses team up with search engines, e-commerce fir
People - NWQ Capital hires Stuart McClure to drive expansion... [more]From TheAustralian.com.au: Boutique Perth outfit NWQ Capital Management has recruited former Macquarie Group executive Stuart McClure to oversee the group’s expansion ambitions. NWQ, a fund of funds backed by Navitas founder Rod Jones and Resource Capital Funds chief James McClements, is planning to
Investing - Hedge Funds boosted ownership of JD.com while cutting Alibaba... [more]From Bloomberg.com: Less than a year ago investors were scrambling to pick up shares in Alibaba Group Holding Ltd. when Asia’s largest e-commerce company made its record debut on the New York Stock Exchange. Now sentiment is changing as JD.com Inc., its smaller competitor, is becoming a hedge fund f
…And Finally - An expensive trip to not get to see bears... [more]From BizarreNews.com: A disappointed visitor to Yellowstone National Park left a note on a feedback form asking rangers to train bears to hang out where they can be seen. The note, shared on Reddit by a person who purported to be a friend of an employee at a Yellowstone lodge, was written on the bot