Hedge funds on track to deliver solid returns in September... [more]Komfie Manalo, Opalesque Asia: Hedge funds are on track to deliver solid returns this September on the back of the recovery of global macro managers and the satisfactory performance of the remaining strategies, Lyxor Asset Management said in its Wee
Former management team of Sprott Asset Management launches Ninepoint Partners LP... [more]Effective today, SPR & Co LP, the company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management LP, has been re-named Ninepoint Partners LP. The rebranding completes the transition initiated with the August 1, 2017 management-led buyout of the d
Perry's TeamCo is latest hedge fund industry casualty... [more]From Reuters/Nasdaq.com: David Perry plans to end the main operations of TeamCo Advisers LLC by early 2018 and ultimately shut the firm, he told Reuters in an interview, making his San Francisco-based business the latest casualty in the struggling fund of hedge funds industry.
Firms like TeamC
Liquid alts outstripped hedge funds in August... [more]From Thinkadvisor.com: The Wilshire Liquid Alternative Index returned 0.4% in August, outpacing the HFRX Global Hedge Fund Index's 0.3% return.
"Capital markets were mixed in August, mirroring heightened geopolitical tensions and some mixed economic data," Jason Schwarz, president of Wilshire
Manager Profile - Update: Kicking and screaming Steve Cohen being dragged back to hedge fund industry... [more]From Dealbreaker.com: At long last, the pretense that Steve Cohen's return to the hedge fund industry (which is not really a return at all, but whatever) is lifting: Now, in addition to the third-party marketer and fee structure and growing global footprint and ramped-up hiring and shadow-boxing wit
Regulatory - The carried interest break: It's more than a giveaway to hedge funds... [more]From Dailycaller.com: Now that the Senate Budget Committee has come to an agreement on the specifics for tax cuts, it's decision time for Rep. Kevin Brady and the House Ways and Means Committee. To achieve the new 10-year goal of $1.5 trillion in tax relief, those who doubt the effects of conservati
Asia - Singapore's assets under management up 7% to $2.7 trillion last year... [more]From Straitstimes.com: Singapore's assets under management expanded last year (2016) on the back of a global recovery in the industry.
Total assets managed by locally-based managers grew 7 percent to S$2.7 trillion last year, said the Monetary Authority of Singapore (MAS) on Tuesday (Sept 26)
People - BNP Paribas creates top hedge fund sales and trading posts... [more]From FNLondon.com: BNP Paribas has created two senior roles overseeing sales and trading in its team servicing hedge fund clients - a key focus for the French bank in recent years. It said today it had created posts to run prime brokerage sales and prime trading globally.
Matthew Clark, a form
Investing - Hedge funds once primary target of GP stakes, as PE firms take the lead... [more]From Valuewalk.com: PitchBook's latest analyst note devoted to PE focuses on the growing trend of limited partners and other investors taking stakes in PE general partner management companies.
Key takeaways:
GP stake deals are quickly gaining attention as a new investment strategy, w
News Briefs - Bjoern Kvarnskog: Taking stock at the Future Fund... [more]It has been 20 months since BjÖrn Kvarnskog moved from Stockholm, Sweden, to Melbourne to become head of equities at the Future Fund. Since then, the former head of global equities for $55 billion Swedish pension fund AP4 has been busy conducting a complete review of the Future Fund's $30 billio
...And Finally - Least competent criminals... [more]From Newsoftheweird.com: Terror suspect and Uber driver Mohiussunnath Chowdhury, 26, of Luton, England, was detained in London on Aug. 25 after using his navigation program to direct him to Windsor Castle.
But the technology led him astray, and he pulled up outside The Windsor Castle pub in W
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Benedicte Gravrand, Opalesque Geneva for New Managers: Monica Fuentes, a Goldman Sachs alumni who also used to run a $6bn global macro hedge fund at London-based Comac Capital, will now manage O'Brien Investment Group (OBIG)'s first hedge fund. The OBIG Discretionary Global Macro Fund will o..
