HgCapital closes two funds on GBP3.1 billion... [more]Bailey McCann, Opalesque New York: European private equity firm HgCapital has closed two funds on GBP3.1 billion. Both funds - HgCapital 8 and Mercury 2, were oversubscribed.
HgCapital 8 closed with GBP2.5 billion after only 5 months in market, having launched in September 2016. HgCapital Me
SSGA promotes Engel to Global Active Quantitative Equities Team CIO... [more]Bailey McCann, Opalesque New York: State Street Global Advisors, the asset management business of State Street Corporation, has promoted Olivia Engel to the newly-created role of deputy chief investment officer for its Global Active Quantitative Equities (AQE) team. Engel, who currently serves as
Former TCI star appoints brokers for hotly anticipated hedge fund launch... [more]From WSJ.com: Oscar Hattink, a former partner at high-profile activist investment firm TCI, has tapped Morgan Stanley and UBS Group AG as the main brokers for his new hedge fund, widely expected to be among the biggest launches of recent years.
The 38-year-old Dutchman - a keen surfer who once
Hedge fund investor redemptions accelerate through 2016... [more]Despite hedge funds returning 7.40% over 2016, investors continued to withdraw capital over the year; the industry saw overall net asset outflows totalling $110bn in 2016. Preqin's latest research finds that the rate of redemptions accelerated through the year, from net outflows of $14bn in Q1 to $4
Hedge funds hope insurers will rush in where others fear to tread... [more]From FT.com: A trade that is growing popular in the hedge fund community brings with it echoes of the financial crisis 10 years ago. The reason traders hope to make money from it is that so many assume, after the disaster of 2007-08, that it is too dangerous to try. It involves selling a form of fin
Institutions - Student activists push Ohio universities to shed hedge funds... [more]From Crainscleveland.com: Ohio has emerged as something of a focal point of a new target for student activists: Hedge funds. Bloomberg reports that a group of Wright State University students is scheduled to gather Friday to call for trustees of the public school in Dayton "to shed its hedge fund ho
Comment - Warren Buffett says money managers charge too much... [more]From Bloomberg.com: Frank Byrd was a 25-year-old stockbroker at Merrill Lynch in Memphis when he first read Warren Buffett's annual letter to Berkshire Hathaway shareholders. He recalls thinking, "It's the first thing that I read that I said, 'This makes sense.'" Byrd had n
Australia "a hedge fund gone long residential property"... [more]From Macrobusiness.com.au: Some sage words today from The Australian's Adam Creighton, who has nicely encapsulated the Australian economy in just three paragraphs: Regulations that keep Australia's house prices high and rising have dangerously distorted the economy, which is now highly dependent on
...And Finally - Jail is hell for this Vietnamese model... [more]From Newsoftheweird.com: The eye-catching Vietnamese model and Playboy (Venezuela edition) Playmate Angie Vu complained to the New York Daily News in April that her five-plus months in jail in Brooklyn have been "torture" and "cruel" because of her lack of access to beauty care.
Vu is fightin