Today's Exclusives

• TorQuest Partners hits $1.375bn Fund V hard cap [more]

  Laxman Pai, Opalesque Asia: Canadian-based manager of private equity funds TorQuest Partners announced the final closing of its fifth fund with $1.375 billion of committed capital. TorQuest Partners Fund V, which was targeting $1.1 billion, will invest in middle-market companies. Investor

• Icon Infrastructure raises $1.9bn for latest fund [more]

  Laxman Pai, Opalesque Asia: UK-based fund manager Icon Infrastructure has raised $1.9bn for the first and final close of its fifth flagship fund. The amount raised by the Icon Infrastructure Partners V fund in the single close exceeds the fund's $1.8bn target and the €1.2bn the predecessor Pa

• Asia to become the world's No 2 wealth hub in five years: Knight Frank [more]

  Laxman Pai, Opalesque Asia: Asia set to be world's second-largest wealth hub by 2024, with the number of ultra-high-net-worth individuals (UHNWIs) in the region forecast to grow by 44% in the next five years, said a study. According to Knight Frank's 'The Wealth Report', the US domina

• Opalesque Roundup: Hedge funds enjoy $15bn inflows of investor capital in February: hedge fund news, week 13 [more]

  In the week ending March 27th 2020, the eVestment Hedge Fund Asset Flows Report said that investors were bullish on hedge funds in February, allocating another $14.78 bi

Today's Other Voices

• Other Voices: Management fee - you are always on my mind [more]

  By: Robert Seber, Vinson&Elkins This Q&A attempts to answer some questions that may be on the mind of private equity sponsors who are nervous about the reactions of their LPs to the current crisis. Can our LPs terminate our fund? You need to check your fund agreement. According to

More Exclusives

• 27. Mar. | Opalesque Exclusive: Hedge funds see increased margin calls, liquidity pressure as markets react to coronavirus [more]

  Bailey McCann, Opalesque New York: The coronavirus crash has been steep and we may not be done yet according to new data. Treasury management company Hazeltree released a new research note today suggesting that hedge fund managers should prepare for increased margin calls alongside continued liqu

• 25. Mar. | José María Loizaga Viguri the father of Spanish private equity industry dies from Coronavirus [more]

  Bailey McCann, Opalesque New York: José María Loizaga Viguri, who is credited with the establishing private equity in Spain has died from complications relating to Coronavirus, he was 84. At the time of his death, Loizaga was a vice president at Spanish construction giant ACS Group. Loizaga h

• 23. Mar. | Opalesque Roundup: Hedge funds down about 2% in February: hedge fund news, week 12 [more]

  In the week ending March 20th 2020, a report by Preqin revealed that the Preqin All-Strategies Hedge Funds benchmark suffered significant losses (-2.21%) in February, compared

• 20. Mar. | Opalesque Exclusive: Carbon Cap launches World Carbon Fund [more]

  Bailey McCann, Opalesque New York for New Managers: Carbon Cap Management, a London based environmental asset management firm has launched the World Carbon Fund. The fund invests in multiple liquid and regulated car

• 18. Mar. | Opalesque Exclusive: New York hedge fund says it is "simply not exposed" to mainstream markets [more]

  B. G., Opalesque Geneva: By avoiding popular hedge fund strategies, a New York-based fund manager has so far avoided the widely experienced losses. Morgan Stanley analysts estimated that hedge funds across all strategies were down an average of 7.6% YTD versus a decline in the MSCI AC World

• 17. Mar. | Opalesque Exclusive: Canopius acquires Multi-Strat Holdings [more]

  Bailey McCann, Opalesque New York: London-based global specialty reinsurer Canopius has acquired Bermuda-based Multi-Strat Holdings Ltd. Multi-Strat Holdings is a specialty reinsurer focused on casualty reinsurance and casualty reinsurance linked security (ILS) transactions. Financial terms were

• 16. Mar. | Opalesque Roundup: Hedge funds record strongest relative outperformance February since 2009: hedge fund news, week 11 [more]

  In the week ending March 13th 2020, Eurekahedge said that hedge funds had the strongest outperformance compared with broad financial markets since 2009 last month as the coronavirus outbreak began to infect markets. The Eurekahedge Hedge Fund Index was down 1.63% in February, outperforming the

• 13. Mar. | Opalesque Exclusive: Healthcare private equity posts highest ever deal value in 2019 [more]

  Bailey McCann, Opalesque New York: Healthcare private equity had a robust 2019. Total disclosed deal value reached $78.9 billion, the highest on record, and the deal count of 313 was in line with the 316 deals of 2018, according to new data from Bain and Company. Healthcare private equity als

• 13. Mar. | Opalesque Webinar: So, when should you exit a manager? [more]

  B. G., Opalesque Geneva for New Managers: BlackRock Multi-Sector Income Trust recently fired one of its fund managers for conflict-of-interest after that manager loaned $75m to an indie film studio that cast his dau

• 11. Mar. | Opalesque Exclusive: Fund managers join central bankers in call for fiscal response to virus woes [more]

  Bailey McCann, Opalesque New York: Fund managers are joining central bankers in the push for a fiscal response to the economic uncertainty surrounding coronavirus. Markets rebounded slightly on Tuesday, after plunging on Monday's news that the virus had worsened in Italy and the US. Sect

• 10. Mar. | Opalesque Exclusive: Double Black Swans [more]

  Matthias Knab, Opalesque: A comment from Ian Hamilton, Chairman, Scotstone: The Corona Virus has put the world on hold with investors behaving like people fighting over toilet rolls. But was it unexpected? In 2007 Nassim Taleb, in his book "Black Swan" warned of such an event: "as

• 09. Mar. | Opalesque Roundup: Hedge funds navigate coronavirus storm: hedge fund news, week 10 [more]

  In the week ending March 6th 2020, a report from HFR said that Hedge funds investing in Emerging Markets and developed Asian regions began 2020 with a surge in realized asset volatility

• 03. Mar. | Opalesque TV: Commodity arbitrage as a sustainable trade [more]

  B. G., Opalesque Geneva: Arbitrage opportunities within the commodity space are enduring, according to Anant Jati, founder of Greenland Investment Management. Greenland is a technology-driven systematic investment manager that runs two funds, one

• 02. Mar. | Opalesque Exclusive: Quantology Absolute Return bucks the trend with a positive start to the year [more]

  Bailey McCann, Opalesque New York: Paris-based hedge fund Quantology looks to finish February in positive territory, beating many of its peers as equities drop on coronavirus fears. Quantology Absolute Return is a quantitative long/short equity market neutral fund. The strategy is led by Juli

More Other Voices

• 19. Mar. 2020 | Other Voices: Taking a long-term investment view is the only way to navigate this period [more]

  By Mark Walker, managing partner at Tollymore Investment Partners, London: We can make no clear conclusions on how much further markets may decline. We do know that this panic will subside but don't know if it will accelerate before it subsides. Anyone claiming the ability to be able

• 19. Mar. 2020 | Other Voices: Seven ways the effects of the coronavirus will impact the hedge fund industry [more]

  By Donald A. Steinbrugge, founder and CEO, Agecroft Partners, LLC: The changing landscape caused by the Coronavirus will lead to the largest shake out in the hedge fund industry since the 2008 market crash. Below are some of the ways we believe the Coronavirus will impact the hedge fund ind

• 16. Mar. 2020 | Other voices: Boys and Men [more]

  From Christian Armbruester, Blu Family Office Why crashes are a wonderful way to discern good investment strategies from bad managers. Separating the proverbial "men from the boys" is a great exercise in times like these. When markets come under duress, is when you really find out who has

• 12. Mar. 2020 | Other voices: Brace! Brace! Brace! [more]

  By David Murrin. We have been tracking the progression of the impending market Collapse and the Wuhan Virus. We are now at the point of impact when the effects of the virus touch everyone and the reality of the global economic crunch also hits home. Hence the title above, taken from the words o

• 02. Mar. 2020 | Other voices: The impact of CFIUS on private equity and hedge fund investors [more]

  By: Abbe Dienstag, Richard Gilden Kramer Levin Naftalis & Frankel On Feb. 13, 2020, final regulations became effective updating and refining rules regarding transaction reviews by the Committee on Foreign Investments in the United States (CFIUS). These regulations, which until now have been in i

• 27. Feb. 2020 | Other Voices: Branding dominates hedge fund flows [more]

  Strong performance alone will not attract assets, says Donald A. Steinbrugge, founder and CEO of Agecroft Partners: Over the past decade, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. Evestment estimates that almost 60

• 27. Feb. 2020 | Other Voices: ESG "creating 90s-style tech bubble" as investors ignore fundamentals [more]

  By Graham Clapp, Manager of the RWC Continental European Equity Fund Share prices for ESG focused companies are soaring, as investors ignore fundamentals in the hope of finding the long-term winners which can tackle environmental problems - a move echoing the tech bubble of the late nineties

• 17. Feb. 2020 | Other Voices: Pandemic response: Coronavirus & business continuity planning [more]

  By Eze Castle Integration: With the recent outbreak of coronavirus, businesses and alternative investment firms are enacting pandemic response plans in an effort to keep their day-to-day operations running smoothly and without major disruptions due to staffing issues. According to the World Health O

Access Alternative Market Briefing

• Access our fully search-able archive on hedge fund and alternatives news (84552 articles)
• Go directly to current Alternative Market Briefing newsletter

On this site people currently

read about:

outsource ids capital viking man group Gold equinox onex Rothstein Kass Hedge Fund Incubator hermes hedge fund bischoff pension bridgewater separately Managed Accounts marshall wace japan asia markets hugh hendry Ospraie people Mark Moore Emerging Markets sungard citigroup HBK goldentree new fund launch mortgage fund managed account nestle administration armored wolf CQS social media standard pacific Tudor golden china focus PAULSON Maverick Seed PARDUS asian hedge fund HEDGE credit aqr King Street Adar maga turkey redemptions fund manager morgan stanley Kenmar

» More

CRUDE OIL (@CL) – Daily

Currently: Long Looking to: Sell @ $36

As of 3/29/20 @ 7:28pm EST: $20.34

LAST WEEK: We suggested buying at last week’s levels (near $23.66) with stops on a close below $20 and with an upside target of $38.

UPDATE: Crude is pushing things to the downside as we begin this week. That comes after a bit of a rally early last week – but nothing that was sustainable.

With the US virus relief package that Congress passed and that Trump signed, there was a lack of funds allocated to either purchase crude oil for the Strategic Petroleum Reserve or to propping up struggling energy sector companies. With a lackluster response to the package being passed, though, Trump may turn his sites to working something out with OPEC and Russia. We would still be buying crude down near the lows in anticipation of a rally to $36 playing out.