Opalesque Roundtable: Pure alpha in Asia is tail risk in disguise... [more]From Komfie Manalo, Opalesque Asia:
After spending 15 years in Asia doing fund management business and analyzing the hedge funds industry in the region, Peter Douglas, head of the Singapore-based hedge fund research firm GFIA pte ltd said that he
Morgan Creek Capital Management to acquire Signet Capital Management... [more]Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek
Moore Capital founder Louis Bacon to anchor $750m senior loan fund... [more]From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts.
Bacon, the founder of Moore Capi
All Edhec-Risk Alternative indexes in positive territory in April and YTD (except for Short Selling)... [more]In April 2013, the stock markets’ winning streak extended to six months. The S&P 500, with a 1.93% return, reached an all-time high while equity implied volatility remained extremely low, with the VIX at 13.5%. High-grade bonds rebounded (Lehman Global: 0.89%, Lehman US: 0.29%), credit spreads tight
BlackRock to buy real estate firm MGPA... [more]From SCMP.com: BlackRock, the world's largest asset manager, agreed to buy private-equity property investment advisory firm MGPA for an undisclosed amount to expand real estate business in the Asia-Pacific region and Europe.
MGPA manages about US$12 billion, focusing on real estate funds manag
Manager Profile – For BlackRock income fund manager Rick Rieder, stocks boost yield... [more]From Reuters/Indiatimes.com: Rick Rieder, the head of fixed income at fund giant BlackRock, doesn't run your average bond fund. In his $5.7 billion Strategic Income Opportunities fund , Rieder takes an active trading approach that can at first glance look like a high-flying hedge fund.
His por
Commodities – Hedge funds back to selling gold after market boost... [more]From Gulf-times.com: Hedge funds and other big speculators in commodities have started selling gold in a big way, according to trade data, just a month after they had supported the precious metal amid a record tumble in its price. Money managers, including hedge funds, pulled $1.4bn from the US gold
…And Finally – Prague metro plans to launch love train for singles... [more]From Reuters/Yahoo.com: Rail passengers searching for love in the Czech capital need look no further than the daily commute as the city makes plans to designate carriages on its underground trains for singles.
Prague transport company Ropid wants to set aside carriages on some or all of its tr
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In the article below, Alex McKnight, investment manager at GAM, an independent, active investment management firm, comments on why convertibles are catching investors’ eyes.
We believe the "great rotation" is overhyped, what we are seeing is actually a natural shift into riskier equity linked ass..
An Opalesque column for global macro investors.
Benedicte Gravrand, Opalesque Geneva:
Pre-2008 economic inadequacies have not been addressed effectively and we could depend on government stimulus for a long while, until we "reach a point where an endgame will be forced upon us," accordi..
Sam Eastwood
