Third Point Re to close catastrophe fund, fold ops into Hiscox’s Kiskadee... [more]From Artemis.bm: Bermuda-based hedge fund strategy reinsurer Third Point Re is to close its ILS fund, the Third Point Reinsurance Opportunities Fund Ltd., folding some of its cat management resources and making an investment into Hiscox’s Kiskadee Investment Managers.
The move will allow Third
Claren Road extends 2014 loss in November on energy, Europe,... [more]From Bloomberg.com: Claren Road Asset Management, the hedge fund firm majority owned by Carlyle Group LP, is heading for its first annual loss since inception after losing money in October and November. The $7.3 billion firm’s main hedge fund fell 1 percent last month, in part because of bets on cle
Comment - Don't get drunk on liquid alternatives... [more]From CNBC.com: In an environment of record-setting equity markets and most areas of fixed income no longer providing attractive risk/return characteristics, liquid alternatives have become the asset class du jour. But just as with a bottle of fine wine, too large a swig of liquid alternatives can ge
Regulatory - SEC explores re-visiting ‘accredited investor’ definition... [more]From Valuewalk.com: The Securities and Exchange Commission (SEC)’s Investor Advisory Committee has recommended changes to the definition of accredited investor that consider other ways of measuring financial sophistication. In a public statement released Wednesday, the SEC indicated that time is rip
Legal - FERC seeks $30m in hedge fund, trader manipulation fines... [more]From Law360.com: The Federal Energy Regulatory Commission on Wednesday proposed approximately $30 million in fines for a Pennsylvania-based hedge fund and a trader working on its behalf over electricity market manipulation allegations, claims the hedge fund's owners have been publicly fighting.
Europe - British fund managers head back to stocks in December... [more]From Reuters.com: British investment managers have increased exposure to stocks in December as prospects for monetary stimulus in Europe and Japan and economic recovery in the United States and Britain bode well for corporate profits, a Reuters poll shows. In a monthly survey of 12 chief investment
Commodities - Alden Global Capital wins on ruble short... [more]From Valuewalk.com: Even before oil prices started tanking, Russia was a risky place to invest. Corruption and political risk have been problems for a while, and tension with Ukraine gave investors good reason to leave earlier in the year. The hedge funds that stayed behind have mostly gotten slamme
People - Male bankers beat females in hedge fund job hunt... [more]From CNBC.com: Wall Street may not be the old boys club it once was, but breaking into the rarefied world of hedge funds is still easier for men than women. That's the conclusion of a study of the class of investment banking analysts who joined major firms in the summer of 2012 and either stayed on