Other Voices:NAV loans in private funds: considerations for managers and investors... [more]By: Scott Cogar, Robinson Bradshaw
Loans to private investment funds based on the net asset value of their respective portfolio investments (that is, total assets of such a fund less its liabilities) have become dramatically more popular in recent years, as have similar arrangements structured a
Global ETF industry AUM hits $11.8tn... [more]Laxman Pai, Opalesque Asia: Assets under management in the global ETF industry increased from $11,380.3 bn at the end of January 2024 to $11,833.4 bn at the end of February 2024, revealed a study.
According to fund performance data provider LSEG Lipper's Global ETF Industry Review, the major
Andurand's hedge fund rebounds 20% after record loss last year... [more]From Bloomberg: Oil trader Pierre Andurand's riskiest hedge fund is bouncing back following last year's record 55% loss tied to wrong-way bets on the commodity.
His main Andurand Commodities Discretionary Enhanced hedge fund, which he runs with no set risk limits, gained about 20% through March
New Launches: Robeco launches Emerging Markets ex-China Equities fund... [more]From Funds Europe: Robeco has introduced its Emerging Markets ex-China Equities strategy - an Article 8 fund which allows investors to "calibrate their China exposure separately".
Launching a strategy offering "a more balanced exposure to the emerging market opportunity" came amid China's market
Investing: Hedge funds eye biopharma IPO... [more]From Institutional Investor: For the first time in more than a month, a biopharma company with hedge fund shareholders is gearing up to go public this week.
Boundless Bio disclosed in an updated regulatory filing that it plans to sell 6.25 million shares of common stock for $15 to $17 per share.
Commodity: It's silver's turn to shine as hedge funds turn their attention away from gold... [more]From Kitco News: Hedge funds are starting to take an interest in silver as it could be the next major momentum play in the precious metal market while gold prices find a balance.
Historic speculative bullish interest in gold has pushed prices to multiple record highs in the last three weeks; ho
Currency: RMB vol returns as hedge funds take barrier trade profits... [more]From Risk: The surprise decision by the People's Bank of China (PBoC) to raise its daily renminbi fixing last week triggered a long-awaited return of volatility to the currency, rekindling the hopes of foreign exchange options dealers that activity from traditional hedgers will pick up.
US dol
PE/VC: Rise of continuation funds highlights potential conflicts... [more]From WSJ: More private-equity firms are using so-called continuation funds to extend their hold on certain assets and allow investors in older funds backing those assets to potentially cash out. But the increasingly popular tool comes with its share of potential conflicts and little consensus on how
Activists: Activist Elliott has accepted Phillips 66's performance goals, CEO Lashier says... [more]From Reuters: Activist investor Elliott Investment Management has accepted the performance improvement plan that U.S. oil refiner Phillips 66 (PSX.N), opens new tab laid out to boost shareholder returns and share price, Chief Executive Mark Lashier said in an interview on Tuesday.
"They've bough
And, finally: Fine Points of the Law... [more]From AP: If you're going to cheat on your spouse, maybe move to New York. The Associated Press reported on March 22 that the seldom-used law against committing adultery may be overturned in the New York Legislature. Only about a dozen people have been charged of the misdemeanor crime in New York sin
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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