AI adoption in financial reporting processes to reach 99% in three years... [more]Laxman Pai, Opalesque Asia: Artificial intelligence (AI) is already being widely adopted in companies' financial reporting processes, with nearly three-quarters (72 percent) of businesses piloting or using it, and this is set to grow to almost universal levels (99 percent) over the next three yea
EnCap racks up $1.5bn for the second energy transition fund... [more]Laxman Pai, Opalesque Asia: EnCap Investments, a provider of growth capital to the independent sector of the U.S. energy industry, has raised $1.5bn (€1.4bn) for its second US energy transition fund.
The amount raised for EnCap Energy Transition Fund (EETF) II at close manager exceeded th
Hedge funds draw pension money to riskiest corner of a $1.3tn credit market... [more]From Bloomberg: A high-stakes trade in the riskiest corner of a $1.3 trillion credit market is enticing some of the world's most conservative investors, raising concerns that in their aggressive hunt for higher yields they may be discounting some pitfalls.
Pension plans and insurers have been p
Artemis shuts European version of giant income equity fund... [more]From City Wire: Investment house Artemis has opted to liquidate the Luxembourg-domiciled version of its giant equity income fund following a considerable drop off in assets, Citywire Selector has learned.
The Artemis (Lux) Global Equity Income fund was launched in May 2018 as a means of leveragi
Multi-strategy hedge fund primer: Deep dive into diversification... [more]Multi-strategy hedge funds seek to maximise risk-adjusted returns by investing in a variety of underlying investment strategies, or differing sub-strategies of the same master strategy.
They often employ flexibility in terms of capital, aiming to allocate dynamically to the best opportunities an
Can hedge funds help navigate choppier markets?... [more]Markets have become more volatile over the past month amid concerns over the pace of US rate cuts and elevated geopolitical uncertainty.
But we see opportunities to use hedge funds-especially equity market neutral strategies-to generate positive returns through stock selection while carefully m
Commodity: Hedge funds slash bullish oil bets to lowest in eight weeks... [more]From Bloomberg: Hedge funds fled bullish bets on benchmark Brent crude as easing tensions in the Middle East and a clouded fundamental outlook weigh on prices.
Money managers reduced their Brent long-only positions by 53,341 to 341,835 over the week ending May 7, the lowest in about eight weeks
Currency: Hedge funds slash bets against yen after likely FX intervention... [more]From Bloomberg: Hedge funds slashed their bets against the yen by most since March 2020 after Japanese authorities likely stepped into the market in a bid to prop up the currency.
Those leveraged investors held more than 81,000 contracts tied to wagers that the yen will fall in the week ending
Study: Gen Z can teach asset managers a thing or two... [more]From Bloomberg: Imagine you're an investment pro at one of the UK's big asset managers. You've been doing this for 20 years, made many hundreds of company visits and listened to thousands of brokers' calls.
You might have an MBA (21 months, GBP115,000) or even gone full CFA (minimum 300 hours o
Manager Profile: What's a hedge fund analyst? A day in the life of an equities analyst at Citadel... [more]From eFinancial Careers: Shawn Cain is an analyst focused on the consumer sector with Citadel Global Equities. He joined the firm in 2022 and is based in Miami. Before Citadel, Shawn worked in finance in both Ohio and New York. This is what a typical day in his life is like.
5.45am. This is my s
Activists: Activist Elliott settles for a new director at Sensata... [more]From CNBC: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Elliott is the company's largest investor, which puts the firm's economic ownership at or above $600 million (10%), but given Ellio
And, finally: By 2027 you can sail The Titanic again... [more]One of the most quoted remarks of Karl Marx is that history repeats itself, first as a tragedy, second as a fast. The RMS Titanic, the largest passenger ship in the world, sank in the Atlantic Ocean on the morning of April 15, 1912 - a maritime disaster that cost the lives of around 1,500 people.
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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