Survey: Private markets push for better data... [more]Bailey McCann, Opalesque New York: Private market consultants and limited partners have greater access to data than ever before but would still like to see improvements, according to a new survey from eVestment.
According to the survey, which included responses from consultants and investors
Ex-Harvard endowment bond manager Marco Barrozo opens hedge fund... [more]From Bloomberg.com: Former Harvard University bond manager Marco Barrozo has launched a hedge fund as the industry comes off its worst year since the financial crisis. Barrozo raised more than $125 million for Cambridge Square Capital, according to filings this month with the U.S. Securities and Exc
Hedge fund run by former 'big wolf' trader delivers 46% return... [more]From Bloomberg.com: Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they say it's a bet that has plenty of room to run. Titan Opportunities Fund, set up by Espen Westeren and F
Comment - Youngest Goldman partner now middle-aged ex-hedge fund manager... [more]From Dealbreaker.com: The last few years have been hard on the hedge fund industry-the last eight, to be exact, when you-know-who was in charge, bringing sadness and misery and desperately unwanted introspection from Stamford to Manhattan and everywhere in between. Last year especially, when more th
North America - Hedging fatigue apparent even as stocks rally is tested... [more]From Reuters.com: Concerns over U.S. President Donald Trump's ability to deliver on promised healthcare reform, tax cuts and other measures aimed at promoting economic growth dealt U.S. stocks their worst shock in months this week, but options traders are not rushing to protect themselves.
Europe - Hedge fund manager Friedman to list investment fund in London... [more]From Reuters.com: U.S. hedge fund manager Emanuel 'Manny' Friedman plans to list a fund in London to invest in asset-backed securities and real estate assets put up for sale as a result of regulatory change in the financial sector.
Forty-year industry veteran Friedman, co-founder of Friedman B
Asia - Ping An adds alts, HK stocks and cash amid return drop... [more]From Asianinvestor.net: The Chinese insurer doubled its Hong Kong equity allocation and ramped up its alternatives exposure last year, while also boosting its cash position in anticipation of domestic rate rises... Full article (subscription required):
News Briefs - Global art sales fall 11% to lowest point since recession... [more]The global art market contracted for the second straight year in 2016, falling to the lowest level since the financial crisis as economic and political volatility weighed on auction sales. Sales of art and antiques dropped 11 percent to $56.6 billion, according to a report released on Wednesday by U
...And Finally - Government in action... [more]From Newsoftheweird.com: Lawyers for former U.S. Rep. Jesse Jackson Jr. have convinced federal officials that his bipolar disorder was "caused" by the stress of being a congressman and thus that he is entitled to "total disability" worker compensation for an "on-the-job" injury -- and thus to about