EU ESG Ucits AUM set to cross $9.8tn by 2027... [more]Laxman Pai, Opalesque Asia: Investment flows towards EU ESG UCITS funds surged last year. Article 8 and Article 9 funds reached EUR 6.2tn at end-2023, an increase of EUR 1tn year-on-year, and assets under management (AUM) are now projected to reach over EUR 9tn ($9.8tn) by 2027, revealed a study.
Asia's booming hedge funds and their next frontier: the Middle East... [more]From Business Insider: To Danny Yong, the Middle East is still Asia.The cofounder of $2.3 billion Dymon Asia, a multi-strategy fund with eight offices in different Asian markets including Japan, Hong Kong, and Singapore, said his firm's planned ninth office in Dubai is still a part of the firm's reg
Hedge funds find it's hit first or get hurt in distressed fights... [more]From Bloomberg: First it was "drop downs." Then came "priming." Now, hedge fund titans have a new weapon of choice in the distressed debt battleground.
Sometimes referred to as "non-pro rata uptiering," companies facing financial trouble including Rackspace Technology Inc. and Apex Tool Group a
With a handful of stocks, hedge fund Sosin takes investors for a bumpy ride... [more]From Institutional Investor: Sosin Capital is on another roll. It is once again a top performer.
The heavily concentrated hedge fund posted better than a 13 percent gain in March. As a result, it was up 30.49 percent in the first quarter, according to a hedge fund database, making it one of the
Millennium shuts Jason Feasey's credit trades after Altice bets sour... [more]From Bloomberg: Millennium Management is liquidating wagers made by credit trading specialist Jason Feasey after his bets on telecom network Altice caused losses at the hedge fund firm.
Feasey had built bets on Altice's vast debt complex, according to people familiar with the matter. The positi
Institutions, family offices poised to place more bets on private credit... [more]From Asian Investor: More asset owners are leaning towards private credit rather than private equity -- a trend seen likely to continue given the interest-rate and macroeconomic backdrop.
Private credit outperformed buyout funds by 4.5 times in 2023, according to one estimate and there expectati
Emerging managers dominate fund count in impact... [more]From Pitch Book: Impact investing is one segment of the private markets where emerging managers account for a larger portion of total fund closes than established managers.
Over the past five years, more than 55% of impact funds were closed by fund managers raising their first, second or third
M&A: Blue Owl Capital to acquire real estate lender Prima Capital Advisors... [more]Blue Owl Capital, an alternative asset manager, announced today the creation of Blue Owl's Real Estate Finance strategy with the acquisition of Prima Capital Advisors for the aggregate consideration of $170 million.
Prima manages approximately $10 billion in assets on behalf of institutional in
Asia: Hong Kong considers changing tax rules to lure private credit business... [more]From Bloomberg: Hong Kong's government is considering new tax rules that would give more favorable treatment to popular alternative investments including private credit and infrastructure, according to people familiar with the matter.
The proposals, set to be included in a consultation paper, wo
Study: Financial advisers expect surge in discretionary managed investment services... [more]From Funds Europe: Financial advisers across the UK are gearing up for substantial growth in the discretionary managed investment service sector, according to a study.
The research by wealth manager Investec Wealth & Investment (UK) has indicated that over 90% of financial advisers currently rel
And, finally: Fugitives have feelings, too!... [more]From The Independent: Hey, fugitives have feelings, too! After the Avon and Somerset Police posted a wanted notice on Facebook on April 1 describing Daniel Kellaway, a wanted fugitive, as "white, about 5 ft. 9 in., of average build, with brown eyes, receding hairline ...," Kellaway (or someone claim
Criminals continue to fleece high net-worth individuals and family offices through sophisticated scams that involve elaborate presentations, fake companies and websites, and fraudulent documents that appear credible.
We've documented three cases that describe the highly sophisticated, complex structures and cunningly designed processes which ultimately lead to straightforward investment fraud. This has
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