Man Group China chair Li Yifei taken into custody... [more]Bailey McCann, Opalesque New York: Li Yifei, the chairwoman of global hedge fund Man Group's China unit was taken into custody today to face questioning as part of a large probe of financial services within the country.
Asia hedge fund startups slow as gyrations curb appetite... [more]From Bloomberg.com: Hedge fund launches in Asia are on track to decline for the third straight year as equity-market volatility prompted investors in the region to pare risk. Forty-one new hedge funds opened in Asia in the first half of 2015, compared with 55 for the same period in 2014, according t
Cliff Asness attracts $360 million as liquid alternative funds hold up... [more]From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last
Amid market turbulence, hedge funds turn bearish... [more]From WSJ.com: If the stock market continues to fall, hedge funds may be the ones celebrating. Hedge funds have been turning more bearish recently, according to a report on Monday by Bank of America Merrill Lynch. Hedge funds that focus on both holding and betting against stocks have “net long” posit
Comment - Is the black-box hedge fund model doomed?... [more]From Forbes.com: Hedge funds are notoriously secretive about their proprietary trading methodologies and investors have historically been OK with that. In fact, the more secretive the hedge fund and the more confounding and complicated the investment strategy, the more investors were attracted to i
…And Finally - Barnyard theater... [more]From Newsoftheweird.com: British director Missouri Williams brought an adaptation of Shakespeare's "King Lear" to the London Courtyard art facility in August for a one-week run, centered on a human actor struggling to stage the play using only sheep.
The pivotal character, Lear's daughter Cor