Hedge funds post small gain in May, curbed by turmoil in Europe... [more]From Bloomberg: Activist gains nearly offset by decline in emerging markets
Volatile markets spooked by political jitters, inflation fears
Hedge Funds eked out a small gain in May as a strong showing by activist funds was offset by jitters in emerging markets.
Funds rose 0.32 percen
British Empire: Pershing's 23% discount 'unsustainable'... [more]From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp
SoftBank: inside the 'Wild West' $100bn fund shaking up the tech world... [more]From the FT: ...Four years on, Mr Misra has outlasted Mr Arora and is widely seen as the most influential lieutenant to Mr Son, whose penchant for placing huge bets on unproven ideas has made him one of the world's most important - and controversial - technology investors. Insiders say it is the
IBM computer taps AI to successfully debate humans... [more]From Fox.com: The rise of the machines is continuing - IBM has unveiled a computer that uses artificial intelligence to take on humans in a debate.
The "Project Debater," system is a 5-foot-tall machine shaped like a monolith with TV screens on its sides and a female voice. The computer, which i
The $3 Trillion thumb on the bond-market scale... [more](Bloomberg Opinion) -- The $3.2 trillion corporate pension industry has quietly been throwing its weight around the bond market.
Managers of the huge retirement funds, by most accounts, are in the midst of a big shift into bonds. The move makes perfect sense, given that the plans are as well-fun
Paul Tudor Jones says next recession will be ‘really frightening'... [more]From MarketWatch: Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one.
"The next recession is really frightening because we don't have any stabilizers," he said, speaking at an event sponsored by Goldman Sachs GS, -1.33%
Sweden's $39bn AP3 cuts exposure to hedge funds... [more]From Bloomberg: One of Sweden's biggest pension funds has chosen to rely less on hedge funds after deciding the asset management form generally doesn't justify the extra expense. After using hedge funds "for a long period," AP3, which has 345 billion kronor ($39 billion) in assets under management,
Cryptocurrency hedge fund gets VC Fred Wilson's backing amid Bitcoin slump... [more]Union Square Ventures, the New York-based venture capital firm, is betting on yet another cryptocurrency hedge fund startup, Multicoin Capital. Fred Wilson, the cofounder of USV, confirmed Wednesday that Multicoin is the sixth cryptocurrency fund the firm has invested in over the past year and a hal
Fractional shares in Robinhood, Ripple and Didi available from Swarm fund... [more]Private equity blockchain network, Swarm is now tokenizing investments in some major crypto firms, allowing its users to purchase fractional shares in Robinhood, Ripple and Didi. According to a press release out of Shanghai Wednesday, this new secondary market opens the door for individuals to hold
NSW sets up state ‘future fund'... [more]The NSW government has announced the NSW Generations Fund (NGF), a world-first sovereign wealth fund designed to help the government maintain long-term sustainable debt levels consistent with a triple-A credit rating, while generating returns that can be reinvested into local communities.
The NG
Three Partners leave venture firm Social Capital amid strategy changes... [more]What's going on at venture firm Social Capital is less of a shake-up and more of an upheaval. We first learned that Arjun Sethi, a partner at the firm, would depart. And then Axios reported growth equity chief Tony Bates and vice chairman Marc Mezvinsky were also leaving.
It's unclear what Bates
Lynx Asset Management hires AP1's head of alternatives... [more]From PIOnline.com: Martin Kallstrom was named partner at Lynx Asset Management, a spokesman said. The position is new. Mr. Kallstrom will join from the 333 billion Swedish kronor ($38.2 billion) AP1, Stockholm, where he was head of alternative investments. A spokeswoman could not be reached to comme
News Briefs: Artivest and Altegris complete merger, Northern Trust partners with Lumint on FX... [more]Artivest and Altegris complete merger
Artivest, a financial technology firm based in New York, and Altegris, an alternative investment manager based in San Diego, today announced the successful closing of their merger.
The merged company, named Artivest, is headquartered in New York and C
And finally: Good deed in Florida as two men rescue alligator from attacking python... [more]Floridian duo Jack Hubbard of Lakeland and his friend, professional trapper Mike Kimmel of Indiantown, rescued an alligator in the Everglades from an attacking python.
Hubbard shared video of the rescue with Fox 13 which features Kimmel leaping into action upon discovering that a python was wrap
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Benedicte Gravrand, Opalesque Geneva: Bill Michaelcheck, founder and CIO of Mariner Investment Group, an alternative asset manager headquartered in New York, believes the market has turned a corner and that volatility is here to stay. Now is a good time for fixed income investors to do arbitrage bet..
