Today's Exclusives

• Nordea Asset Management rolls out European long/short equity strategy [more]

  Laxman Pai, Opalesque Asia: Nordea Asset Management has launched a European long/short equity strategy - the Nordea 1 - European Long/Short Equity Fund. According to a press release, the liquid alternative strategy designed for investors searching for yields higher than traditional fixed incom

• EFA launches $100m credit fund for financial institutions in developing markets [more]

  Laxman Pai, Opalesque Asia: Singapore-headquartered asset manager EFA Group has launched a $100-million fund to provide credit to banks and financial institutions in developing and emerging economies of Asia and Eastern Europe. The asset manager specializing in private debt said that the EFA F

• Hedge funds survive November with wide dispersion resulting in flat average weighted performance [more]

  Laxman Pai, Opalesque Asia: The HFRI Fund Weighted Composite Index posted a minor decline of -0.16% in November, as hedge funds experienced a mixed recovery from October declines in the month of November. Gains across arbitrage, credit and emerging markets were offset by exposures to energy and

• Opalesque Roundup: Hedge fund closures overshadow new launches in 2018: hedge fund news, week 49 [more]

  In the week ending December 7th, 2018, Eurekahedge reported 463 hedge fund launches this year up to the end of October versus 477 fund closures. The majority of funds that

• Market neutral L/S struggles as momentum stocks take a hit: Lyxor [more]

  Opalesque Industry Update - In the hedge fund space, the dynamics over the course of November remained similar than in October, though the damage was much more limited, said Lyxor in its Weekly Brief. Merger Arbitrage outperformed while L/S Equity as well as Special Situations strategies underpe

• John Harris assumes senior role at Crestbridge [more]

  Opalesque Industry Update - After 12 years at the JFSC, John will join as non-executive Chairman of the Crestbridge Group from 1 January 2019. This newly created role reflects the significant success and growth of the Group, which now employs over 280 staff across its offices in Bahrain, the Cayman

Today's Other Voices

• Other Voices: How do we solve the public pension fund crisis in the US? Are hedge funds to blame? [more]

  By: Donald A. Steinbrugge, CFA - CEO, Agecroft Partners An article recently published about the grossly underfunded Kentucky State Retirement System suggests that gambling on high fee hedge funds and private equity funds, and the use of placement agents, were primarily to blame. For many readers

More Exclusives

• 06. Dec. | Opalesque Roundtable: Alt-credit managers cautiously optimistic about 2019 [more]

  Bailey McCann, Opalesque New York: Alternative credit managers are still finding new opportunities heading into 2019, according to the delegates at the recent Opalesque New York Roundtable. While 2019 is likely to show signs of a slowing market, there is still room to be cautiously optimistic ma

• 03. Dec. | Opalesque Roundup: Investors redeem record amounts from emerging market hedge funds: hedge fund news, week 48 [more]

  In the week ending November 30th 2018 Hedge Fund Research (HFR) said that emerging market hedge funds are on track for their worst annual performance since 2011, extending their losse

• 30. Nov. | Opalesque Exclusive: As crypto tumbles, Pythagoras Investment Management finds arbitrage opportunities [more]

  Bailey McCann, Opalesque New York for New Managers: Crypto prices have cratered over the past month but one emerging manager is still finding arbitrage opportunities. Mitchell Dong, Founder of Pythagoras Investment

• 30. Nov. | Opalesque Exclusive: Trowbridge Capital offers a twist on long-only [more]

  Bailey McCann, Opalesque New York for New Managers: At a time when many investors are thinking about how to reposition their portfolios away from long-only strategies and into more defensive options, a new fund is c

• 28. Nov. | Opalesque Exclusive: OpenGamma expands into the US [more]

  Bailey McCann, Opalesque New York: London-based derivatives analytics company, OpenGamma is expanding into the US. The company says its expansion plans come as regulatory and macroeconomic pressures continue to hit hedge funds and asset managers with offices all over the world. OpenGamma

• 27. Nov. | Opalesque Roundtable: Nordic private equity firms take a new interest in public markets [more]

  Bailey McCann, Opalesque New York: Nordic private equity firms are becoming more active in the public markets, a shift which could impact hedge funds in the region according to delegates at the recent Opalesque Nordic Roundtable. "We have seen that some Nordic private equity firms are expandi

• 26. Nov. | Opalesque Roundup: More hedge funds faced closure in the week: hedge fund news, week 47 [more]

  Also in the week ending November 23rd 2018, a number of hedge funds have closed their doors. Macquarie Group has shut Asia's oldest quantitative equity hedge fund after a poor performance in recent years. PCA Investments Holding Co, Ltd, a joint venture between the China Investment Corporation (

• 21. Nov. | Opalesque Roundtable: German hedge funds, investors grapple with defining ESG standards [more]

  Bailey McCann, Opalesque New York: As Europe increases its focus on ESG investment strategies, fund managers in Germany are thinking through how to make their growing alternatives industry more sustainable. Delegates at the recent Opalesque Germany Roundtable note that creating strategies with ES

• 19. Nov. | Opalesque Roundup: Hedge funds 'Unfriend' Facebook: hedge fund news, week 46 [more]

  In the week ending November 16th 2018, hedge funds have begun to dump the social media company Facebook's stock as it has come under scrutiny following a massive data breach scandal and other controversies like election manipulation led its founder and CEO, Mark Zuckerberg, to defend the compan

• 16. Nov. | Opalesque Roundtable: As alts rise in Germany, managers run into a wall of regulation [more]

  Bailey McCann, Opalesque New York: Institutional investors in Germany are taking a new look at alternatives, leading delegates at the recent Opalesque Germany Roundtable to call 2018 the 'year of the hedge fund', but it hasn't been easy. Alternative funds are tightly regulated in Germ

• 14. Nov. | Opalesque Exclusive: Walkers survey: 2018 was a positive year for new fund launches [more]

  Bailey McCann, Opalesque New York: Despite bumpy performance, 2018 has still been a generally positive year for alternatives according to a recent survey from Cayman law firm Walkers. The annual report on trends in the alternative investment industry shows that so far this year there has been a s

• 12. Nov. | Opalesque Roundup: "Big three" who started hedge funds this year all down in October: hedge fund news, week 45 [more]

  In a major test for the "big three" who started hedge funds this year - Dan Sundheim, Steve Cohen and Michael Gelband - none of them reportedly made money in October. Daniel Sundheim's D1 Capital Partners lost money last month and is down about 5% on the year. One of Pelham Capital's hedge

• 08. Nov. | Opalesque Exclusive: Short-term traders survive October's hedge fund bloodbath [more]

  Bailey McCann, Opalesque New York: October was the worst month for hedge funds in seven years, according to the latest performance data from Hedge Fund Research. The HFRI Fund Weighted Composite Index fell -2.98 percent in October, the worst monthly decline since September 2011. The majority of

• 06. Nov. | Opalesque Exclusive: EY's alts survey shows headwinds for managers [more]

  Bailey McCann, Opalesque New York: More investors are giving up on hedge funds. New data from EY's 2018 Global Alternative Fund Survey shows that as much as 20 percent of investors planned to scale back allocations to hedge funds in 2018. A quick look at October's dismal hedge fund perfor

More Other Voices

• 13. Nov. 2018 | Other Voices: Alternative data could pose risks for fund managers [more]

  By: Joshua M Newville and Jeffrey Neuburger, Proskauer The WSJ recently published an article detailing how companies are monetizing smartphone location data by s

• 31. Oct. 2018 | Other Voices: How to take advantage of the current market sell-off [more]

  By Alex Gavrish, Etalon Capital Ltd; author of "Story Investing" Alex Gavrish explains

• 18. Oct. 2018 | Other Voices: Does hedge-fund activism really increase shareholder value? [more]

  By: Cydney Posner, Cooley, LLP The public debate about hedge-fund activism has long been informed by academic literature that found increases in shareholder value and operating performance after activist interventions. But do hedge-fund activists actually do any long-term good for the companies

• 12. Oct. 2018 | Other Voices: A new SEC focus on short activism? Activist hedge fund Lemelson Capital charged with unlawful short attack [more]

  By: Lawrence S. Elbaum, Clifford Thau, Patrick Gadson and Sarah C.C. Tishler On September 12, 2018, the Securities and Exchange Commission charged hedge fund, Lemelson Capital and its adviser, Gregory Lemelson, with perpetrating an unlawful short attack on Ligand Pharmaceuticals. The SEC's compl

• 04. Oct. 2018 | Other Voices: BVI passes new limited partnership act [more]

  By: Trident Trust The BVI has modernised its partnerships regime with the enactment of a new Limited Partnership Act, 2017 and Limited Partnership Regulations, 2018, both of which entered into force on 11 January 2018. A key feature of the new regime is that it allows limited partnerships t

• 18. Sep. 2018 | Other Voices: SEC releases guidance...about guidance [more]

  By: Cydney Posner, Cooley LLP SEC Chair Jay Clayton issued a statement intended to make clear the importance of the distinction between SEC rules and regulations-which are adopted in accordance with the APA, have the effect of law and are enforceable by the SEC-and staff guidance, such as the CD

• 22. Aug. 2018 | Other Voices: CFTC and NFA make changes on position limits, virtual currency [more]

  By: Cary J. Meer, Lawrence B. Patent and Evan Glover, K&L Gates The CFTC and NFA have recently announced changes to their regulatory frameworks that could impact traders and fund managers. The CFTC is proposing to permit increased trading in security futures products. Separately, NFA has adopte

• 08. Aug. 2018 | Other Voices: The four dimensions of the hedge funds arms race for Alpha [more]

  From Don Steinbrugge, Agecroft Partners: It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns. Outperforming an index requir

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Weekly US Jobless Claims Data Averages:

Last week’s claims #: 231,000

4-Week Average of Claims: 227,750

Prior Week’s 4-Week Average: 223,500

13-Week Average of Claims: 216,077

Prior Week’s 13-Week Average: 214,077

Comments: Weekly claims came in lower at 231,000 on Thursday. That number caused the 4-week and 13-week averages to rise w/w once again. For the 4-week avg to rise again next week, we would need to see the weekly number come in above 221,000.