Evolution Equity racks up $1.1bn for cybersecurity bets... [more]Laxman Pai, Opalesque Asia: Cybersecurity-focused private equity firm Evolution Equity Partners announced that it raised $1.1 billion of capital commitments for cybersecurity and AI fund, the third such fund in Evolution's history. The growth capital investment firm based in NYC said in a medi

Hedge fund net return across all strategies up 2.06% in March... [more]Hedge fund performance was generally positive in March; the average asset weighted hedge fund net return across all strategies was 2.06%. For a second month, all hedge fund strategy groups had positive average returns. Hedge fund performance dispersion was narrower than observed in February. L

Hedge funds and commodities traders urged to hold more liquid assets... [more]From FT: Financial policymakers have urged hedge funds, pension investors and commodities traders to keep more liquid assets on hand and develop stress tests to better withstand shocks from extreme market moves. The Financial Stability Board, which includes the world's leading finance minister

Hedge fund 'pod' strategy imitated by pensions, endowments... [more]From Bloomberg: Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds - and giving it a go themselves. University of Texas Investment Management Co. and the State of Wisconsin Investment Board - with a combined $230 billion of assets - are among institutions

Tigers add to gains in March... [more]From Institutional Investor: Light Street Capital Management continues to pace the Tiger kingdom at the end of the first quarter. Light Street and two lesser-known firms lead the pack. The hedge fund firm's long-short fund posted a 3.56 percent gain March, boosting its return for the year to 3

New Launches: Ares takes fresh aim at healthcare through new fund, Alts boutique unveils Ucits version of global equity fund, LGIM launches energy transition ETF focused on sustainable commodities, Unlimited launches new "hedge fund barometer", Infinity Venture eyes $150m for second fund, MLC Private Equity raises $762m for new institutional investment vehicle... [more]Ares takes fresh aim at healthcare through new fund From WSJ: Private-credit specialist Ares Management has begun gathering capital for its first fund to finance specialty healthcare businesses, including those that are scientifically and technologically advanced and struggle to attract

Ex-Balyasny London office head Irvine shutters his hedge fund... [more]From Bloomberg: Stephen Irvine, who left Balyasny Asset Management to start his own hedge fund about four years ago, is returning capital to investors. His London-based Lijaro Asset Management is shutting its equity long/short hedge fund after two years of losses, according an investor documen

Institutional Investors: Italian pension funds face competition on private assets investments, Pension funds are pulling $325bn from stocks, Pension fund-backed deal value plunges in Q1 2024... [more]Italian pension funds face competition on private assets investments From IPE: Italian pension funds looking to increase their private markets investments face the competition of international players, backed by pension funds, targeting strategic assets on the market. Rules currently

Investing: Hedge funds sell off winning energy stocks to buy soaring oil, Hedge funds betting against UK water firms as debt levels soar... [more]Hedge funds sell off winning energy stocks to buy soaring oil From Bloomberg: With energy stocks trading near all-time highs and oil climbing as well, hedge funds think they've found a trade to capitalize: Sell the shares and pour the profits into buying more crude. Hedge funds h

SPACs: Lionsgate SPAC merger, studio spinoff expected to close in May, Better.com's stock tanks after SPAC combination brings it to the public markets, Trump Media rallies 16% to recoup sliver of $5.8bn slide... [more]Lionsgate SPAC merger, studio spinoff expected to close in May From The Wrap: Lionsgate's spinoff of its studios business into a separate, publicly traded company through a merger with special purpose acquisition company Screaming Eagle Acquisition Corp. has moved one step closer to fru

People: Notre Dame CIO Mike Donovan announces his retirement and a successor, Apex Group appoints new super regional head of Europe, BlackRock UK Absolute Alpha veteran to retire... [more]Notre Dame CIO Mike Donovan announces his retirement and a successor From Institutional Investor: Mike Donovan, the chief investment officer of the University of Notre Dame's $18.9 billion endowment, is retiring and his successor has already been named. Donovan worked 27 years at

Crypto: US senators introduce new stablecoin bill, Bitcoin's halving is coming. Miners are looking for new ways to make money, Crypto hedge fund gives real reason for Bitcoin's drop - Iran is just the 'spark'... [more]US senators introduce new stablecoin bill From Coin Telegraph: United States Senators Kirsten Gillibrand and Cynthia Lummis have introduced legislation establishing a regulatory framework for payment stablecoins. In an April 17 announcement, the two U.S. Senators said they had int

Tech: OpenAI is the most funded AI company, with $14bn raised so far, 10 most active investors in fintech... [more]OpenAI is the most funded AI company, with $14bn raised so far Opalesque Industry Update - The explosive growth of the AI market has drawn huge attention from VC investors, who poured billions of dollars into AI companies and startups, even when most other sectors saw a considerable fun

Europe: 5 things European authorities want watchdogs to remember when regulating asset managers, Cathie Wood takes her Ark ETFs to Europe as US investors jump ship... [more]5 things European authorities want watchdogs to remember when regulating asset managers From PIonline.com: Four major European market authorities want regulators to be mindful of the money management industry's "specific features" when designing regulations. As such, Austria's Fin

PE/VC: Private equity's titans are told to cough up their own cash, Navigating the booming secondary private equity market... [more]Private equity's titans are told to cough up their own cash From Bloomberg: For years, private equity executives across the globe called the shots when they met with prospective investors for their next big fund raise, many of whom had traveled thousands of miles to meet them for the pr

Family Offices: Alibaba Joe Tsai's family office eyes more sports investing, Family office interest in infrastructure debt surges... [more]Alibaba Joe Tsai's family office eyes more sports investing From Asian Investor: Brooklyn Nets owner says sports investing is at the top of its list of new investments. Blue Pool Capital, the Hong Kong-based family office of Alibaba co-founder and chairman Joe Tsai, sees sports investin

ESG: BCI asks companies about climate plans to start conversation, GOP senators, Manchin challenge SEC climate disclosure rule, Blended finance opens doors for green investing - BlackRock, Temasek, Shell calls on investors to reject climate resolution from European pension funds, The 10 global asset managers at the 'avant-garde' of ESG... [more]BCI asks companies about climate plans to start conversation From PIonline.com: With extreme climate events becoming more common, British Columbia Investment Management is increasingly considering physical risks in its investments by asking companies in its portfolio about their climate

Regulatory: Global regulators want to bolster hedge fund protections... [more]From Investment News: Global regulators proposed a package of measures to ensure hedge funds and other investors from outside the banking sector are better able to cope with margin and collateral calls in times of market stress. The Financial Stability Board published draft recommendations Wed

Activists: Japan activist fund to push for Daidoh CEO's ouster at AGM, Nelson Peltz got crushed by Disney. Can he recover?... [more]Japan activist fund to push for Daidoh CEO's ouster at AGM From Bloomberg: Strategic Capital Inc., an activist fund led by Tsuyoshi Maruki, will push for the ouster of Daidoh Ltd.'s president after years of operating losses at the clothing manufacturer. Strategic Capital, which i

News Briefs: 'Mother Nature is slapping us in the face,' CalSTRS' Ailman says, Wealthy clients' interest will speed up private markets reporting, Insurance CIO sees alts investment funds gain traction in India... [more]'Mother Nature is slapping us in the face,' CalSTRS' Ailman says From PIonline.com: Amid political backlash and rising interest rates, ESG exchange-traded funds and mutual funds have stopped seeing inflows. Some U.S. red states have enacted or sought to pass laws outlawing ESG consider

And, finally: The world's oldest man says the secret to his longevity is luck, plus regular fish and chips... [more]From AP: The world's oldest man says the secret to his long life is luck, moderation - and fish and chips every Friday. Englishman John Alfred Tinniswood, 111, has been confirmed as the new holder of the title by Guinness World Records. It follows the death of the Venezuelan record-holder, Jua