Ayaltis launches the Areca SICAV SIF - Azure Fund... [more]As a result of several investors’ requests, Ayaltis has announced the launch of a new investment opportunity, the Areca SICAV SIF – Azure Fund. Launched on August 1st 2016, this new addition to the Ayaltis product offering is the continuation of Ayaltis’ long standing expertise in identifying invest
Perry Capital closing flagship fund after almost three decades... [more]From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style
The hedge fund fee structure just took another blow... [more]From CNBC.com: The heat on hedge fund fees is getting turned up, and one major player has made a significant capitulation.
Facing investor redemptions and faltering performance, Brevan Howard, the London-based firm with a $14.5 billion flagship fund, is telling existing clients that it is waiv
Liquid alternatives sector funds may be in decline... [more]From Investopedia.com: In recent years, liquid alternatives, mutual funds that operate on strategies more common to hedge funds, have been hugely popular. Between 2008 and 2014, investors turned increasingly toward liquid alts, investing about $180 billion in assets by the middle of 2014. In the wak
Legal - S.E.C. takes different strategy in insider trading case... [more]From NYTimes.com: The Securities and Exchange Commission’s latest insider trading case, against the prominent hedge fund manager Leon G. Cooperman, will test whether the old proverb “where there’s smoke, there’s fire” is enough to prove a violation.
The S.E.C.’s complaint seemingly paints a pi
North America - Hedge fund slowdown is dragging down office rental growth... [more]From Thedeal.com: As major hedge funds close down or downsize, rental growth in trophy office buildings is also fizzling. A new report by Jones Lang LaSalle shows that the petering demand from investment funds is causing a drop in rental growth and a spike in landlord concessions, the Wall Street Jo
People - LAVCA diversifies board with five new investors... [more]The Latin American Private Equity & Venture Capital Association (LAVCA) has announced the addition of five new board members. Appointments include Península Participações, Canada Pension Plan Investment Board (CPPIB), the International Finance Corporation (IFC), The Abraaj Group, and Telefónica. Thr
Activist News - Caesars 'optimistic' on deal with hedge fund creditors... [more]From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set
…And Finally - Fat Fingers in Ibiza... [more]From Newsoftheweird.com: Dave Little, 27, vacationing on the Mediterranean island of Ibiza, Spain -- and partying hard, apparently -- was at press time still haggling with eBay, trying to get out of his "successful" auction bid (blamed on a fingering misadventure on his phone) of 28,500 British poun