Paulson might get involved in Teva’s takeover bid battle... [more]Komfie Manalo, Opalesque Asia: Teva, the giant Israeli generic drug maker, might look to billionaire hedge fund manager John Paulson in a $40bn takeover bid with Mylan, a rival company.
Tevahas approached Mylan, a rival, with a $40bn takeover offer in a bid to create the world’s biggest gene
Liquidators of Thomas Priore’s hedge funds sue Barclays for $80m... [more]Komfie Manalo, Opalesque Asia: Liquidators of the failed Cayman Islands-based hedge funds, ICP Strategic Credit Income Fund Ltd and ICP Strategic Credit Income Master Fund Ltd, have accused Barclays PLC of knowingly participating in a fraudulent transfer of more than $40m by the funds owner, Thom
Aberdeen to acquire FLAG Capital Management... [more]Aberdeen Asset Management PLC (Aberdeen) has entered into an agreement to acquire FLAG Capital Management, LLC (FLAG), a manager of private equity and real asset solutions with offices in Stamford CT, Boston, MA, and Hong Kong. This acquisition is in line with Aberdeen's strategy to strengthen and g
HFRI Equity Hedge (Total) Index up1.90% in April (+4.00% YTD)... [more]Volatile emerging markets hedge funds have returned to lead industry performance on the strong recovery of the Russian Rouble, higher oil prices, lowering of interest rates by the Chinese Central Bank, and a surge in trading volume on the Shanghai-Hong Kong Stock Connect program. As a result of thes
New Jersey pension fund investment managers defend private fees, bonuses... [more]From NJ.com: Members of the board managing New Jersey's $80 billion public pension fund came to the defense of the controversial fees paid to private investment managers. The rising management and performance fees have been under attack by public labor unions accusing the state of overpaying or funn
Fund Profile - Neuberger Berman unites hedge funds and mutual funds... [more]From Institutionalinvestor.com: …Kupperman uses similar, albeit more quantitative, risk avoidance tools in his job as co-portfolio manager of the Neuberger Berman Absolute Return Multi-Manager Fund, one of his firm’s first mutual funds, providing investors access to lower volatility investment strat
Some hedge fund ETFs love healthcare stocks... [more]From ETFtrends.com: Some exchange traded funds that build their equity lineups based on stocks that frequently appear in 13F filings, so-called guru ETFs, feature solid exposure to the healthcare sector. Of course, that is the result of hedge funds continuing to load up on healthcare names as the se