Emerging markets hedge funds perform strongly, but capital base erodes... [more]Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year
Connecticut commits $22m to hedge fund Bridgewater... [more]Komfie Manalo, Opalesque Asia: The state of Connecticut has committed $22m to Bridgewater Associates, one of the world’s largest hedge funds, in return for jobs and other investment opportunities. The commitment was made as Bridgewater is expected to invest around $525m to the state through jobs
Steben & Company makes the case for long/short hedge funds... [more]Bailey McCann, Opalesque New York: Hedge funds - especially long/short equity strategies - have been under the microscope after 2015's dismal performance. Now, Steben and Company, an alternatives consultant, has released new research that attempts to make the case for using hedge funds over c
Evercore’s Altman sees more takeover interest in asset managers... [more]From Bloomberg.com: Evercore Partners Inc. Chairman Roger Altman said companies are still willing to acquire money management firms, even after market turmoil that caused a number of funds to face outflows. “Asset managers have been the object of a lot of interest in recent years,” Altman told Bloom
Check out the $100 billion hedge fund, and the challengers to the throne... [more]From CNBC.com: In the hedge fund world, the rich are getting richer — but just barely. At a time when the $3 trillion industry as a whole is struggling to maintain assets, the world's biggest fund just passed the $100-billion mark. Ray Dalio's Bridgewater Associates leads the way, according to the l
Hedge fund manager Kyle Bass to raise fees if China bet hits big... [more]From WSJ.com: Hedge-fund manager Kyle Bass has his eye on the big score in his bet against China’s currency. In his new Hayman China Opportunities fund, slated to launch this summer, Mr. Bass will keep an increasing proportion of client profits if the wager is a windfall, according to marketing mate
Studies - Majority of hedge funds not delivering on their promise... [more]From Moneymanagement.com.au: Only 30 per cent of institutional investors' hedge fund portfolios outperform simple investible benchmarks as fees make hedge fund portfolios ‘bad investments' with net alpha of -1.88 per cent, according to CEM Benchmarking.
Its recent study analysed realised hedge
Legal - Citadel, a $24 billion hedge fund, seeks whistleblower status... [more]From JDSupra.com: Just a few months after announcing the first-ever award to an outside whistleblower, federal authorities may be on the verge of expanding the reach of whistleblower incentives even further.
Last week, Citadel, the Chicago-based investment and trading titan, reportedly asked t
Asia - One hedge fund goes against industry titans on big China banks... [more]From Bloomberg.com: As bearish calls against China’s banks are mounting, one hedge fund says the nation’s biggest financial institutions can attain the “beautiful state” enjoyed by global rivals such as JPMorgan Chase & Co. Industrial and Commercial Bank of China Ltd. and the biggest Chinese banks m
Commodities - PM markets: Sugar and soybeans fall back on profit taking... [more]From Agrimoney.com: Markets have had all weekend to mull the scale of hedge fund buying in the ag-commodity complex revealed on Friday afternoon, and Monday bought a wave of speculative selling to the soybean complex.
But corn futures rose, helped by US export, and the closing out of long soyb
…And Finally - Don't argue with your pet parrot... [more]From Newsoftheweird.com: In April, police in Brighton, Ontario, responded to what was reported by neighbors as a domestic dispute, involving shrieks like, "I hope you die!" They found only a man "arguing" with his pet parrot (who the man said was "beaking off" at him). No arrests were made.