Opalesque Exclusive: Citco: Hedge funds start 2024 with best quarter since pandemic... [more]Bailey McCann, Opalesque New York: Hedge funds performed well in the first quarter posting the highest returns since the end of the pandemic, according to new data from Citco. Funds administered by Citco posted a weighted average return of 7.3% overall in Q1, building on the strong performance se
Sterling Group closes latest fund on $3.5 billion... [more]Bailey McCann, Opalesque New York: Houston-based private equity firm Sterling Group has closed its latest fund on $3.5 billion. The fund beat its target of $2.75 billion and hit its hard cap.
This marks the sixth fund for the firm. Sterling's previous fund closed in June 2020 with $2.0 b
Hedge fund industry reaches $4.3tn milestone in 1Q 2024... [more]Opalesque Industry Update - Hedge fund capital extended the year-end surge, rising to a historic $4.3 trillion milestone in 1Q24 on strong performance and investor inflows, with managers navigating a complex environment on improving economic outlook and acceleration of M&A concurrent with unpreceden
Hedge fund borrowing hits five-year peak, Goldman Sachs says... [more]From Reuters: Global hedge fund borrowing rose to a five-year high in the week to April 19, a Goldman Sachs (GS.N), opens new tab note showed, as hedge funds ramped up trading to take advantage of the first sharp dip in U.S. and European stocks this year.
Banks give hedge funds leverage, essenti
Black swan hedge fund says Fed rate cuts will signal market crash... [more]From Reuters: While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the most of recent economic optimism while it lasts, as a shift to lower rates will signal a dramatic market crash.
"This is a case of be careful wha
Hedge funds: Strategies to suit a new market regime... [more]Unlike most other types of investments, hedge funds thrive on volatility and uncertainty in traditional markets. Offering strategies proven to be uncorrelated, hedge funds have historically performed well in high interest rate environments given the potential for higher baseline returns and a wideni
Investing: Hedge fund Elliott Management scoops up Thames Water bonds... [more]From FT: US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have to take on the debt.
Elliott, which manages about $65bn in assets and is known fo
Commodity: Gold prices drop after Middle East tensions moderate... [more]From WSJ: Gold prices slid Monday morning after Israel and Iran backed away from the brink of an escalating spiral of attacks.
Gold futures dropped 2.6%, or $63 a troy ounce, to $2,350, putting them on pace for their lowest settlement since April 10. The decline interrupted a rally that had pro
PE/VC: VC investor headcount stalls after years of rapid growth... [more]From Pitch Book: Turnover at the largest US venture capital firms is rising, a sign that years of unchecked growth among investment teams may finally be at an end.
The number of investors at the 500 largest US VC firms by assets under management swelled 77% from 2017 through the end of 2022. Bu
And, finally: 'Star Wars' novice sought to watch nine films for $1,000... [more]From UPI: A financial advice website is seeking someone who has never seen a single Star Wars movie to watch every film in the Skywalker saga and make $1,000 in the process.
FinanceBuzz announced it is celebrating the upcoming Star Wars Day -- aka May the Fourth -- by paying someone $1,000 to wa
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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