Goodwin expands private funds team... [more]Bailey McCann, Opalesque New York: Goodwin, a global law firm, has expanded its private investment funds and private equity practice. The firm has brought on Marie-Laure Bruneel and Arnaud David as partners in the Paris office.
Bruneel, who joins Goodwin from De Pardieu Brocas Maffei, specia
Prudential Capital closes fifth fund on $1.8 billion... [more]Bailey McCann, Opalesque New York: Chicago-based Prudential Capital Partners has closed its fifth mezzanine fund on $1.8 billion. The fund beat its $1.4 billion target, with some 70 percent of existing investors committing to the new fund. Prudential Capital Partners is the middle-market mezzani
To list or not to list? Manager IPOs shown to hurt hedge fund returns... [more]From IPE.com: Hedge funds run by listed companies underperform those run by privately owned firms, according to academic research. Listed firms gained $3.5m (euro 3.3m) more in revenue than privately owned companies and gained more assets under management (AUM), despite their underperformance, repor
Institutions - Distressed Kentucky fund regroups... [more]From Top1000funds.com: Among the 10 different pension and insurance schemes within the $16 billion Kentucky Retirement Systems portfolio lies one of America's most distressed pension plans. At only 17 per cent funded, the Kentucky Employees Retirement System (KERS) Non-Hazardous Plan is the bigg
Comment - Looking for rewards in hedge fund risks... [more]From ETF.com: Hedge funds often invest in high-risk, illiquid securities. Thus, it's reasonable to expect that such risky investments are priced to deliver higher expected returns than publicly traded securities. A problem that has haunted hedge funds is that, if leverage is used (as it often is), b
Legal - Citadel nears SEC settlement over customer orders... [more]From Reuters/Thestreet.com: Citadel LLC has agreed to settle accusations by the U.S. Securities and Exchange Commission that its market-making arm misled customers about the routing of their stock orders, people familiar with the case told Reuters this week.
SEC commissioners were expected to
Asia - Trump concerns have hedge fund investor lifting China allocation... [more]From Yahoo.com: As U.S. stocks rally on optimism Donald Trump's presidency will be good for growth, hedge fund investor Ronnie Wu is looking on warily. Wu, who oversees $350 million at Penjing Asset Management Ltd. in Hong Kong, is concerned Trump's mix of tax cuts, deficit spending and prot
SWFs - How sovereign wealth funds are changing direction... [more]From Institutionalinvestor.com: Since Kuwait opened the world's first sovereign wealth fund in 1953, these state-owned investors have captivated the financial community, swelling in number and size to house over $5 trillion in world assets combined today. As these institutions have grown, so has the
...And Finally - That's what warning cordons are for... [more]From BizarreNews.com: An extremely rare event was caught on video when a titanic chunk of the island of Hawaii collapsed into the ocean. And as if to prove Hawaii really is part of America, five tourists were almost killed because they ignored a warning cordon and walked right up to an active volcan