Investcorp buys 3i Group’s debt business... [more]Bailey McCann, Opalesque New York: Bahrain-based Investcorp will buy the debt management business of 3iDM, from UK-based 3i Group PLC for approximately $227 million. The deal will add $12 billion in AUM to Investcorp, bringing the firm's total AUM to approximately $23 billion.
Former Corvex exec Graziano gets seed money for new hedge fund... [more]From Reuters/Yahoo.com Nick Graziano, a former top executive at hedge fund Corvex Management, has obtained early-stage financing from Constellation Seeding, putting his new hedge fund on track to start trading on Nov. 1, a person familiar with the matter said on Tuesday.
Hedge fund redemptions in Q3 largest of current four-quarter outflow trend... [more]The hedge fund industry is facing a difficult time. Q3 2016 flows were the industry’s fourth consecutive quarterly outflow, and monthly data, including redemptions in September, does not show many positive themes. Unlike prior periods of elevated redemption pressures, public financial markets are no
Manager Profile - How Anthony Scaramucci faked it 'til he made it (big)... [more]From Fortune.com: An Unfiltered conversation with the money manager and Trump advisor… In the accompanying episode of Fortune Unfiltered, Scaramucci explains how he overcame his initial skepticism about Trump’s campaign—like many Republicans he initially didn’t take Trump’s candidacy seriously, and
Comment - Perception versus Reality... [more]Michael Lebowitz from 720 Global writes on Harvest Exchange: When asset valuations are extended well beyond historical norms, as they are today, some investment managers elect to take a more defensive and cautious posture than the consensus. In “Bubbles and Elevators”, we discussed how behavioral in
…And Finally - You don't have to go home but you can't stay here... [more]From BizarreNews.com: A bar employee was arrested on a charge of assault after allegedly shooting a customer who refused to leave, according to police in Tennessee. Nashville police said that they have arrested the bar employee, who was not identified, for using his gun to shoot the customer after c