Opalesque Exclusive: Despite challenges hedge fund launches continue... [more]Bailey McCann, Opalesque New York: New data from Walkers, a Cayman Islands-based legal and professional services firm, shows that despite a challenging year for the hedge fund industry new launches are continuing. Those launches are coming both from individual and institutional managers. The only
Following review Yuan included in reserve currency basket... [more]Bailey McCann, Opalesque New York: The International Monetary Fund has confirmed the inclusion of the Chinese Yuan in the reserve currency basket. This means that loans will be available in Yuan alongside other major currencies including the US Dollar and the Euro.
The basket of reserve curr
Z Capital in talks to acquire Affinity Gaming... [more]Bailey McCann, Opalesque New York: Illinois-based Z Capital is in talks to acquire Affinity Gaming, a Las Vegas-based casino company. This is Z Capital's fifth bid for the company in two years and the firm is already the largest shareholder. Z Capital has offered to raise its bid from $14.50
David Einhorn's hedge fund plunged 5.2% in November, set for 2015 loss... [more]From Bloomberg.com: David Einhorn’s main hedge fund at Greenlight Capital fell 5.2 percent in November and is poised for only its second losing year in almost two decades. The losses bring the fund’s yearly drop to almost 21 percent, according to an e-mail sent to clients that was obtained by Bloomb
Parker FX Index down -0.60% for the month of October (+0.84% YTD)... [more]The Parker FX Index is reporting a -0.60% return for the month of October. Twenty eight of the thirty-one programs in the Index reported October results, of which nine reported positive results and nineteen incurred losses. On a risk-adjusted basis, the Index was down -0.27% in October. The median r
JPM multi-strategy stars back U.S. financials to flourish... [more]From Citywiregobal.com: Financial equities will prove to be a solid bet for multi-asset investors, as they benefit from the continued modest growth of the US economy, Citywire AA-rated Shrenick Shah has said… Full article:
Investing - Main Street Capital invests in LGI... [more]From PEHUB.com: Looking Glass Investments (LGI), a fixed-income alternative investment firm focused on marketplace lending, has announced that Main Street Capital Corporation, a Houston-based capital solutions partner for lower middle market companies seeking to grow or transition ownership, purchas
…And Finally - Cheating accusations mar Zimbabwe's 'Mister Ugly' contest... [more]From AP/Bigstory.ap.org: Pageant judges have crowned a new winner of Zimbabwe's 4th annual "Mister Ugly" contest, upsetting supporters of the crowd favorite who called the winner too handsome and prompting rioting at the event.
Judges on Saturday chose 42-year-old Mison Sere, citing his numero