Opalesque Exclusive: Context Asset Management launches macro fund... [more]Bailey McCann, Opalesque New York: Context Asset Management has filed for its second fund the Context Macro Opportunities fund, according to SEC filings. The fund will focus on multiple macro strategies including break-even inflation trading, capital structure arbitrage, hedged mortgage-backed s
Hedge funds buying Yahoo stocks ahead of Alibaba IPO... [more]Komfie Manalo, Opalesque Asia: Several hedge funds are buying large shares of Yahoo ahead of the planned initial public offering (IPO) of Chinese e-commerce giant Alibaba. Ken Sawyer, managing director of Saints Capital, said that Yahoo, which owns 23% of Alibaba and is a public investor of the C
Blackstone said to be in talks to seed Arkkan Capital... [more]From Bloombergbriefs.com: Blackstone Group LP is in talks to back a Hong Kong-based distressed fund started by Jason Brown, a former global head of Goldman Sachs Group Inc.’s Special Situations Group, said two people with knowledge of the matter. Brown’s Arkkan Capital Management Ltd. will focus on
Big hedge funds tighten grip amid consolidation... [more]From Asianinvestor.net: The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment.
Firms with more than $1 billion in hedge fund A
Hedge fund reinsurers ‘not a new business model’, says A.M. Best... [more]From Artemis.bm: The hedge fund backed reinsurance mode which seeks to leverage premium inflows as investment capital in hedge fund strategies in an attempt to outperform on the asset-side, is not treated as a new business model by rating agency A.M. Best. The hedge fund reinsurer, typically formed
Illinois Teachers maps out 2015 real estate, hedge fund deployments... [more]From PIonline.com: Illinois Teachers' Retirement System, Springfield, plans to deploy a total of at least $1 billion with real estate and hedge fund managers in the fiscal year ending June 30, 2015. Trustees of the $45.3 billion pension fund approved the 2015 tactical investment plans for the $5.6 b
The incredible shrinking hedge funds universe... [more]From AI-cio.com: The number of hedge funds has been shrinking over the past two years, despite assets in the sector increasing, research has found. Between 2012 and 2013 there was a drop of more than 6% in the number of hedge fund firms reporting assets and results to eVestment’s database, the compa
Legal – Matthew Martoma must forfeit $9.4 m, pay fine, says Preet Bharara... [more]From Indiawest.com: Indian American portfolio manager Mathew Martoma, convicted for his role as the "central figure" in the most lucrative insider trading scheme in U.S. history, should be ordered to forfeit about $9.4 million and pay a fine, federal prosecutor Preet Bharara has told the court.
North America – Puerto Rico lures Franklin as equity funds buy junk... [more]From Bloomberg.com: Franklin Resources Inc. is leading money managers in adding junk-rated Puerto Rico bonds to mutual funds that focus on equities or other asset classes, even as the island’s main power utility moves to restructure.
The companies bought general obligations as prices on Puerto
Europe – France’s infighting over economic policy sparks EU concerns... [more]From Funds-europe.com: The French government must address its economy's "chronic" lack of growth potential, according to one fund manager following the weekend resignation of the economy minister, Arnaud Montebourg.
Martin Harvey, fixed income fund manager at Threadneedle Investments, says Fra
Argentina – Argentina rules out piecemeal debt talks... [more]From Timesofmalta.com: Argentina’s government yesterday ruled out further piecemeal debt talks with a small group of US hedge funds and said the country needed to strike a deal with all bondholders which have rejected past restructuring agreements as a single group.
Latin America’s No. 3 econo
…And Finally – Boy arrested for killing 'neighbor's pet dinosaur'... [more]From Orange.co.uk: A US schoolboy was arrested by police after he wrote that he had killed his "neighbor's pet dinosaur" in a school assignment.
School officials in Summerville, South Carolina were alarmed by 16-year-old Alex Stone's words and called the police.
He had been given the ass