Opalesque Roundtable: Seeders embrace capacity constrained strategies... [more]Bailey McCann, Opalesque New York for New Managers: Active management has always had a problem with diminishing returns at scale. Now one seed funding platform is actually telling managers that 'assets are the e
Four Harvard students jump on the crypto hedge-fund bandwagon... [more]From Bloomberg.com: In the 1970s, Bill Gates and Steve Ballmer revolutionized operating system software. Thirty years later, Mark Zuckerberg helped pioneer social networking. So what's the latest generation of Harvard tech entrepreneurs up to? Looking to cash in on cryptocurrency, of course. Sign of
Alpha males hurt alpha: Hedge fund managers with high testosterone underperform... [more]From CNBC.com: After years of underperformance, researchers may have discovered what's plaguing the hedge-fund industry: too much testosterone. Hedge-fund managers with high testosterone underperform those with low testosterone by 5.8 percent each year, according to a study conducted by University o
SS&C GlobeOp Forward Redemption Indicator: April notifications 2.60%... [more]The SS&C GlobeOp Forward Redemption Indicator for April 2018 measured 2.60%, down from 2.91% in March.
"SS&C GlobeOp's Forward Redemption Indicator for April 2018 was 2.60%, a small increase from the 2.41% reported for the same period a year ago for April of 2017. Although slightly higher tha
Blackstone assets rose to $450b on fund-raising growth... [more]From Gulfnews.com: Blackstone Group LP just keeps raking in money from investors. Total assets under management in the first quarter jumped 22 per cent from a year earlier to a record $449.6 billion through a combination of fund-raising and financial gains, Blackstone said in a statement Thursday. I
Oaktree's Howard Marks: What's ahead for the bull market... [more]From Upenn.edu: Billionaire value investor Howard Marks of Oaktree Capital Management said people like to ask him what inning it is - and they're not talking about baseball. In 2008, the question meant they wanted to know how close it was to the end of the financial crisis. These days, as the stock
Institutional Investors - Fate of Kentucky's new pension law to be decided by July... [more]From WKYUFN.org: A Kentucky judge says he plans to decide by July 14 whether he will block a new law making changes to Kentucky's troubled pension plan from taking effect.
State lawmakers passed a law earlier this month making changes to the state's underfunded pension system. Democratic Attor
Legal - New Jersey hedge fund owner can't escape convictions in $4m fraud... [more]From Law360.com: A New Jersey federal court has knocked down a hedge fund owner's bid to overturn his convictions on charges of duping two investors into giving him about $4 million and spending most of it on a lavish lifestyle, finding more than sufficient evidence that he acted with fraudulent int
Investing - Fund managers slash equity exposure as bulls retreat... [more]From Citywire.co.uk: Fund managers have cut their allocation to shares to an 18-month low but the majority believe the stock market peak is yet to come, according to the latest Bank of America Merrill Lynch fund manager survey... Full article:
...And Finally - Least competent criminals... [more]From Newsoftheweird.com: When an intoxicated man arrived at the Delaware State Police Troop 1 station in Wilmington on March 20, looking for a ride home, officers thought he seemed familiar. Turns out he was Christopher McDowell, 34, a suspect in a Feb. 22 shoplifting incident at a local Kohl's stor
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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..
