Opalesque Exclusive: Maitland opens New York office... [more]Bailey McCann, Opalesque New York: Maitland, the Luxembourg based fund administration firm, has opened its second US office in New York. The move follows the opening of their Miami office earlier this year. The $280 billion fund services firm says its on an expansion trend and wants to become a d

Lyxor attributes active funds' outperformance to choice of risk factors... [more]Benedicte Gravrand, Opalesque Geneva: Lyxor ETF Research compared the performance of active funds domiciled in Europe to their benchmark over a ten-year period and found that the majority do not, as is commonly believed, outperform their benchmark. Furthermore, what really drives the outperforman

Simon Finch to leave credit hedge fund CQS... [more]Komfie Manalo, Opalesque Asia: Credit hedge fund manager CQS Investment Management Ltd. is said lose its London-based portfolio manager Simon Finch, making him the latest executive of the firm to leave the company this year, reported

Eden Rock buys Gottex stake in ERG Asset Management... [more]Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

Former BlueCrest money manager Tej Johar said to plan hedge fund... [more]From Bloomberg.com: Tej Johar, a former money manager at BlueCrest Capital Management, is preparing to start his own hedge fund in London, according to a person with knowledge of the matter. Johar’s Broad Bridge Capital LLP will pursue an event-driven strategy, betting on corporate events such as me

Update: Hedge fund’s folding rattles Barneys suppliers... [more]From NYPost.com: Several suppliers to Barneys New York were on edge Tuesday, fearful the upscale specialty store may become collateral damage after its majority owner, a New York hedge fund, announced it would liquidate its assets and shut down. Richard Perry, after years of subpar performance

Institutions - OCERS considers changes for $1.6 billion absolute-return portfolio, Mass PRIM moves from funds of funds to single hedge funds... [more]OCERS considers changes for $1.6 billion absolute-return portfolio From PIOnline.com: Orange County Employees Retirement System, Santa Ana, Calif., is considering replacing or reorganizing its $1.6 billion absolute-return strategies because the portfolio is too costly and has not produce

Manager Profiles - Brexit-backer Crispin Odey sends investors to exits with losses, These quants do the Math on a new target: Insurance... [more]Brexit-backer Crispin Odey sends investors to exits with losses From Institutionalinvestors.com: These should be the best of times for Crispin Odey. The outspoken founder and CIO of hedge fund firm Odey Asset Management was an enthusiastic backer of the Leave campaign in the U.K.’s refere

Trends - Hedge fund fallout results in fee restructures, closures, Man AHL explains breakout trading strategy in transparency trend, Hedge funds turn toward artificial intelligence... [more]Hedge fund fallout results in fee restructures, closures From Investopedia.com: In September of 2016, Brevan Howard Asset Management made plans to modify its fee structure, removing management fees for existing clients for new investments in two of its major funds. At roughly the same ti

Comment - Hedge funds face most difficult era Julian Robertson has ever seen, Schonfeld CIO explains why hedge fund returns aren't what they used to be... [more]Hedge funds face most difficult era Julian Robertson has ever seen From Bloomberg.com: Tiger Management’s Julian Robertson said hedge funds are facing the most challenging time he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days o

North America - Trump says his tax plan would hurt hedge funds to benefit middle class -- experts say he's wrong... [more]From Thestreet.com: In the first presidential debate of the 2016 election cycle on Monday, Republican presidential candidate Donald Trump once again suggested that he would raise taxes on private equity and hedge fund managers. Faced with a question about his tax policy, Trump reiterated that he pla

People - Former hedge fund star tries to make a comeback, AIMA announces new chair and board of directors... [more]Former hedge fund star tries to make a comeback From Fortune.com: John Thaler, the tech, media and telecom stock specialist who shut down his hedge fund firm JAT Capital Management LP in 2015, is considering a return to managing other people’s money, including launching a new hedge fund,

Commodities - Some investors are taking a break from gold, Hedge funds won't lose their taste for sugar futures any time soon... [more]Some investors are taking a break from gold From ETFTrends.com: For a significant portion of this year, the SPDR Gold Shares, iShares Gold Trust and ETFS Physical Swiss Gold Shares and other gold-related exchange traded products have been stout performers. Buying of gold by hedge funds a

Investing - Hedge funds miss Alibaba rally, forgoing millions in gains... [more]From Bloomberg.com: Shares of Alibaba Group Holding Ltd. are headed toward their second best quarter since the e-commerce giant’s record-setting initial public offering two years ago. And hedge funds are missing out. The Chinese company’s U.S.-traded stock jumped as much as 38 percent since t

Activist News - One small hedge fund is carrying on in the fight over Caesars, TerraForm Power reaches settlement with David Tepper's fund, Williams adds two more outsiders to board... [more]One small hedge fund is carrying on in the fight over Caesars From Bloomberg.com: The titans of the investing world have settled their fight in bankruptcy court over the future of the Caesars casino empire. But one tiny band of lenders is pressing on and keeping alive a lawsuit they say i

Fintech - This former trader left Brevan Howard to launch a quant robo-adviser... [more]From eFinancialcareers.com: Before setting up quantitative robo-adviser qplum, Mansi Singhal was a trader at Wachovia, Bank of America Merrill Lynch and Brevan Howard. She said the idea came about as she became increasingly frustrated with the mismanagement of her own personal finances, which prompt

…And Finally - Reconsider eating ‘multigrain’ bread in New York... [more]From NewsoftheWeird.com: Master baker Stefan Fischer filed a lawsuit recently against Bakery of New York for wrongful firing -- because he refused to use "bug-infested" flour to make batches of bread. According to Fischer, when he informed management of the bugs in the facility's 3,000-pound