Santander scheme targets emerging hedge funds with $125m fund... [more]From IPE.com: Santander’s £9.5bn (€12.9bn) UK pension fund is to grow its exposure to emerging alternatives managers, acting as the cornerstone investor in a new fund launched by Strategic Capital Investors (SCI).
The bank’s scheme has committed $125m (€114m) to SCI’s Strategic Capital Fund, whi
Hedge funds Zenit, Canosa to shutter on returns, Brummer says... [more]From Bloomberg.com: Brummer & Partners, the Swedish money manager, said it’s redeeming investments in Canosa Capital LLP and Zenit Asset Management AB and the two hedge funds will close. Contributions by Canosa and Zenit to returns at Brummer’s $6.6 billion multi-strategy fund “have been weak during
Israeli hedge funds turned in strong performance in 2015... [more]From Haaretz.com: Israel’s hedge funds outperformed the main stock indexes to which they are benchmarked in 2015 despite last year’s volatile markets, TheMarker has learned. The TGI index of 43 Israeli hedge funds, which is calculated by Tzur Management, a company that services the industry, showed
OM Asset Management AUM up 2% in quarter... [more]From PIOnline.com: OM Asset Management reported $212.4 billion in assets under management as of Dec. 31, up 1.8% from Sept. 30 but down 3.8% from a year earlier, said OMAM’s earnings statement released Thursday. The firm attributed the increase in AUM to market appreciation, which was partially offs
Time for Macquarie to cash in on funds management... [more]From AFR.com: The time has come for Macquarie Group to unlock more than $5 billion in value by demerging its annuities-style business into separately listed businesses. Under Macquarie's current structure, the stunning performance of the funds management business and strong performance of its leasin
Contrarian hedge funds earn keep; momentum mutual funds, not so much... [more]From Reuters/Wealthmanagement.com: Two thirds of hedge funds create genuine value through contrarian strategies, choosing well among cheap and beaten-down stocks, according to a new study of their holdings. In contrast, two thirds of mutual funds are playing the momentum game, buying what's gone up
Long-term investors are taking on the hedge funds over short-term vision... [more]From TheGuardian.com: …The secret summits bore their first public fruit this week, when Larry Fink, co-founder and CEO of BlackRock, sent a letter to every single CEO of the 500 companies in the Standard & Poor’s 500-stock index, and a number of large European companies as well. Among other initiati
Comment - Jim Cramer says beware the hedge fund rush that's buoying Freeport... [more]From Thestreet.com: Hell hath no fury like a hedge fund manager out of position. That's what you are seeing today as portfolio managers recognize they don't have enough cyclical exposure, especially if the dollar has peaked. That's how you can get companies with disappointing earnings, like Caterpil
…And Finally - Beezow Doo-Doo Zopittybop-Bop-Bop arrested... [more]From Sky.com: A Wisconsin man whose unusual name became fodder for US late-night comedians is in trouble with the law again.
Beezow Doo-doo Zopittybop-bop-bop is accused of first-degree assault against police officers, along with malicious mischief and malicious harassment.