Despite pressure from investors to lower fees, 35% of hedge funds still charge 2&20... [more]Komfie Manalo, Opalesque Asia: Amidst falling performance and high-profile redemptions, investors have increased their pressure on hedge fund managers to bring their management and performance charges below the 2 & 20 'industry standard', data provider
Investment bank Avendus Capital hires Andrew Holland to enter hedge fund space... [more]Komfie Manalo, Opalesque Asia: Mid-sized investment bank Avendus Capital, based in Mumbai, India, has hired Ambit Investment Advisory chief executive officer Andrew Holland and Vaibhav Sanhavi as well as 10 other top management executives of the firm as it enters into the hedge funds business. H
Smart beta challenges & the institutional investor's dilemma... [more]From Novus.com: The passive investing revolution isn’t slowing down. Since the financial crisis, passive fund flows have persistently outpaced active flows. Moody’s and ICI estimate this trend reaching a cumulative delta of $2trn going back to 2007. BofA Merril Lynch and EPFR recently published a
A new model for hedge fund fees would better align interests... [more]From PIOnline.com: Hedge funds are meant to be expensive. They're the luxury goods of finance. To be able to justify this expense, they have to provide the performance asset owners expect of them. There has been growing unease among asset owners that hedge fund fees are too expensive for the level o
Manager Profile - Meet the only female activist hedge fund manager shaking up U.S. companies... [more]From Fortune.com: She won her first proxy fight against Boingo Wireless. Dianne McKeever doesn’t like to talk about the fact that she’s a woman. But her gender has made her a groundbreaker on Wall Street: The moment she launched Ides Capital last year, the 38-year-old became the only woman running a
Fund Profile - This tiny hedge fund has an incredible track record, and outsiders can't understand how... [more]From Businessinsider.com: The fund manager in question is called (appropriately, perhaps) BlackBox Group. BlackBox is based in New York, but few people — among the hedge fund managers and the consultants who help big investors find funds — have heard of it. That might be because it's tiny. The fund
Activist News - Reduce 'huge sums' paid to VW bosses, says activist investor TCI... [more]From Reuters.com: Volkswagen should reduce the "huge sums of money" paid to executives and any bonuses should be given in shares, activist investor TCI Fund Management said in a letter to the car company seen by Reuters. The letter is billionaire Chris Hohn's latest push for change at Volkswagen (VW
…And Finally - Florida police 'holding on to' potted marijuana plants until owner steps forward... [more]From UPI.com: A Florida police department said it is "holding on to" 16 potted marijuana plants found on a trail until the owner comes forward.
The Gainesville Police Department said in a Facebook post Officers Quimbayo and Holcomb responded Tuesday to the trail near Norton Elementary School
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Benedicte Gravrand, Opalesque Geneva: A lot has happened in Brazil this year; allegations against dozens of senior politicians linked to the Petrobras scandal, the brief detention of former President Luiz Inácio Lula da Silva (also linked to state-oil company Petrobras), street protests, Dilma Rouss..
