Eric Schmidt takes minority stake in D.E. Shaw... [more]Bailey McCann, Opalesque New York: Hillspire, the family office for Google Executive Chairman Eric Schmidt has taken a 20 percent stake in D.E. Shaw Group. The interest was previously owned by Lehman Brothers Holdings.
Schmidt may be a welcome investor in D.E. Shaw, given David Shaw’s own bac
Study: Liquid alts outperform hedge funds in 2014... [more]Bailey McCann, Opalesque New York: New research from Preqin shows that liquid alternative products outperformed hedge funds in 2014. According to the report, the average alternative mutual fund delivered returns of 4.36% over
the course of 2014, compared to 3.78% for single-manager hedge funds
BlackRock in dual fund launch... [more]From FTAdviser.com: US multinational investment management corporation. BlackRock, has launched two new funds which provide investors with hedged exposure to European and Japanese equity markets respectively.
The newly unveiled iShares MSCI Europe ex-UK GBP Hedged Ucits ETF provides access to
Blackstone-backed Denjoy Capital to shut down hedge fund... [more]From Reuters.com: London-based Denjoy Capital Partners, backed by powerful investor Blackstone Group , is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed.
Hedge funds were hit hard in Europe last year due to poo
North America - Comptroller is stringing along New York's pensions... [more]From Crainsnewyork.com: The president of Blackstone Group, Tony James, was asked last week if investors are pushing back against the hefty fees customers pay his prestigious private-equity firm to manage their money. His answer: Nope. "Do they like paying fees? No. Do they wish fees were lower? Yes,
Commodities - Hedge funds place big bets on sterling rising after election... [more]From FT.com: Hedge funds are placing big bets on the pound rising after the British general election — going against the prevailing view, expressed by Goldman Sachs and other banks, that UK assets would suffer in the event of a hung parliament.
Several hedge funds managing billions of dollars
Reliance Group, Samsung asset management firms in strategic pact... [more]From Moneylife.in: Both Samsung Asset Management Co and its counterpart in the Reliance Group will explore areas for developing, managing, marketing and distributing each other's products in India and Korea, while also pursuing their interests in the global markets, the two companies said in a state