Hedge funds Apollo and TPG win Caesars bankruptcy case... [more]Komfie Manalo, Opalesque Asia: A U.S. Bankruptcy Judge in Delaware on Wednesday ruled that the bankruptcy of the operating unit of Caesars Entertainment Corp's would proceed in Chicago.
The judge ruling resolved the odd situation of Caesars being in two bankruptcies at once. This was a vi
NewOak’s new hedge fund to focus on non-QM jumbo mortgage... [more]Komfie Manalo, Opalesque Asia: The asset management unit of NewOak, a U.S.-based financial advisory firm, announced the launch of a new private fund that focuses on buying newly originated, nonqualified residential mortgages with slightly weaker credit than a traditional prime jumbo loan.
University of Texas endowment tops $25bn, surpassing Yale... [more]From Bloomberg.com: They say everything’s bigger in Texas. Now, it’s true of its public university system’s endowment. The University of Texas endowment surpassed Yale University’s as the second-wealthiest in U.S. higher education, according to an annual survey released Thursday by Commonfund and th
Managers Profile - GLG duo: How we turned around performance on UK Select... [more]From Investmentweek.co.uk: Charlie Long and Nick Judge boosted the performance of the £304m GLG UK Select fund in 2014, after a rocky second quarter forced them to review the fund's risk management processes. The pair also underweighted commodities and focused on currency management to propel the fu
People - SkyBridge Capital appoints three new partners... [more]From Insurancenewsnet.com: SkyBridge Capital, a global investment management firm with approximately $12.5 billion in assets under management and advisement as of November 30, 2014, announced that Robert Duggan, portfolio manager; Christopher Hutt, head of hedge fund administration and operations; a
…And Finally - Woman in wheelchair stands up to shoplift... [more]From UPI.com: British police released CCTV footage of a woman recorded standing up from her wheelchair and walking around a store while shoplifting.
West Midlands Police said the woman came into the Marks and Spencer food store in Coventry, England, Jan. 11 with a male accomplice pushing her a