Funds of funds losing out as hedge fund industry restructures... [more]From Valuewalk.com: The hedge fund industry is currently going through a transition. As investors re-evaluate their exposure to the sector, due to the high fees and poor returns, which often negate the benefits of investing in hedge funds, more funds are now closing than opening.
Blackstone’s Senfina hedge fund down 15% after June decline... [more]From Bloomberg.com: The Blackstone Group LP’s hedge fund Senfina Advisors has lost 15 percent in 2016 after a June decline threw cold water on the $1.9 billion unit’s attempt to make a comeback. The June loss of 3.5 percent in the multi-manager fund was due to "stock-specific movements uncorrelated
SS&C GlobeOp Forward Redemption Indicator: July notifications 2.95%... [more]The SS&C GlobeOp Forward Redemption Indicator for July 2016 measured 2.95%, down from 4.88% in June.
"SS&C GlobeOp's Forward Redemption Indicator rose to 2.95% for July 2016, up from 2.08% reported a year ago for July 2015," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technolog
Another way hedge funds get the jump on regular investors... [more]From Chicagobusiness.com: The drop-in visit is a favorite tool of the diligent investor: You pop into a factory or store to see if the activity matches the company's guidance. But what happens when you're trying to keep tabs on thousands of locations? Chicago-based Remote Sensing Metrics has the ans
Hedge fund managers see opportunities in Europe in Q2... [more]Preqin’s Q2 update on the hedge fund industry finds that economic uncertainty following the UK vote to leave the EU has created potential opportunities for hedge fund managers and, as a result, many more funds have launched focused on the region. Europe-focused hedge funds saw a large increase in th
Tony James just nailed the 4 things that are rocking the hedge fund industry... [more]From Businessinsider.com.au: …Tony James, COO of the alternative investing giant Blackstone, ran through some of the challenges facing the industry on an earnings call on Thursday June 21.
…And on this occasion, he provided a perfect summary of why the hedge fund industry is struggling. Here i
SWFs - China sovereign fund has loss on commodities, negative rates... [more]From Bloomberg.com: China’s $813.8 billion sovereign wealth fund posted its first loss on overseas investments in four years last year as commodity prices sunk, while stock and bond returns were damped by negative interest rates and a strong U.S. dollar. China Investment Corp. had a loss of 2.96 per
…And Finally - How Batman and Robin saved a Sussex kite surfer... [more]From Newsoftheweird.com: A kite surfer on a Sussex beach south of London got into trouble on June 26 and was unable to float back to land -- until he was rescued by two Good Samaritans in kayaks. The saviors happened to be dressed as Batman and Robin for participating in the Shoreham Beach Superhero