Opalesque Exclusive: Bulls, bears and clippers showcase their ideas at Sohn... [more]Bailey McCann, Opalesque New York: The annual Sohn Conference was held yesterday in New York City. The event brings together titans of the hedge fund industry and asks them to share their best ideas. This year, however, while the bulls and bears were sparring inside the Hedge Clippers were marchi
Australia pushes for stronger super regime... [more]Komfie Manalo, Opalesque Asia: Australia’s market regulator, the Australian Securities & Investments
Commission (ASIC) provided new update on aspects of the Stronger Super
regime aimed at providing the superannuation industry with certainty around
the start dates for key superannuation reforms.
Brevan Howard said to start low-cost, liquid-fund business... [more]From Bloomberg.com: Brevan Howard Asset Management LLP is raising cash for two new money pools that offer daily liquidity and don’t charge a performance fee as the firm diversifies its $20 billion hedge fund business, a person with knowledge of the matter said. The funds are part of a new unit led b
Clients ask to pull $1.5 billion from Visium Asset Management... [more]From WSJ.com: Clients have asked to pull about $1.5 billion from Visium Asset Management LP, a hedge-fund firm under investigation by federal authorities over alleged insider trading, people familiar with the matter said. The redemptions, which include one-third of clients’ money in the firm’s flags
Why multi-asset managers are turning to 'liquid alternative' strategies... [more]From Investmentweek.co.uk: Multi-asset managers reveal how they are turning to 'hedge fund-like' liquid alternative strategies in 2016, in a bid to protect portfolios and generate returns across the market cycle. Hardeep Tawakley reports.
Higher correlations across traditional asset classes ar
Cooperman talks Trump, Clinton, hedge funds with Abby Cohen... [more]From Bloomberg.com: Maybe it was Milken Conference envy: The Jewish Theological Seminary held its own panel on investing Tuesday night in New York, with Leon Cooperman and Abby Joseph Cohen opining in the ballroom of the Mandarin Oriental.
"The industry is in a downturn, I wouldn’t be concerne
Comment - Bank traders at hedge funds are out of their element... [more]From eFinancialnews.com: They might not admit it, but many traders at investment banks harbour a dream – that some day they will pack in banking and go to work at a hedge fund. In the past year, quite a few have found themselves involuntarily at liberty to pursue that ambition, as redundancies have
Legal - Martin Shkreli is in bigger trouble than he thought... [more]From NYPost.com: Federal prosecutors said Tuesday they are mulling additional securities fraud charges against pharmaceutical price-hike bad boy Martin Shkreli. Assistant US Attorney Winston Paes told Judge Kiyo Matsumoto that the charges would relate to further allegations that Shkreli and his co-d
News Briefs - MetLife profit misses on weak returns from hedge funds, bonds... [more]MetLife Inc the largest U.S. life insurer, reported a quarterly operating profit that fell far short of expectations as income from investments in hedge funds and bonds declined. American International Group Inc (AIG.N), the No. 1 U.S. commercial insurer, earlier reported a lower-than-expected profi
…And Finally - UK’s city council gives green light to Lamborghini taxi... [more]From Sky.com: Residents in Wolverhampton can now book a neon green supercar as a taxi to get them from A to B in style.
The city council claims it is the first Lamborghini to be issued with a private hire cab licence in the UK.
City firm Special Wedding Cars has registered the luxury set