Hennessee Hedge Fund Index up +0.96% in May, year-to-date ahead of Dow, S&P500... [more]Matthias Knab, Opalesque: Hennessee Group LLC announced today that the Hennessee Hedge Fund Index increased +0.96% for the month (+2.27% YTD), while the S&P 500 was up +2.16% (+1.19% YTD), the Dow Jones Industrial Average increased +1.05% (-1.79% YTD), and the NASDAQ Composite Index gained +5.32%
Hedge fund Davidson Kempner Capital Management cuts Kentucky Pension... [more]Bailey McCann, Opalesque New York: Hedge fund Davidson Kempner Capital Management has asked Kentucky's pension fund to redeem its $68.7 million investment because of changes in how the pension fund is handling its relationships with investment managers.
The Kentucky Retirement System is
Singapore's UOB Asset Management launches new alternatives fund for retail... [more]Singapore-based UOB Asset Management (UOBAM) has launched a new fund targeted at retail investors in the city state seeking to diversify into alternative investments such as private equity and hedge funds.
The new United Asia Pacific Diversified Strategies Fund (United Asia Pacific DSF) is the co
Reduce risk and look to long/short, says $131bn global CIO... [more]The 35 years of outperformance for equities and bonds is under more pressure than ever and moving into more dynamic strategies with the ability to hedge is a smart shift in direction.
That is according to Francois Bourdon, global chief investment officer at Fiera Capital, which oversees $131 bill
Big-name macro brains pull away from hedge fund peers... [more]From FN London: Choppy market conditions suit hedge funds that thrive on macro risk - good news for the likes of Paul Tudor Jones and Alan Howard. A select group of global macro hedge funds have established clear leads over their rivals so far in 2018, profiting from the return of choppy market
People: CalSTRs makes Scott Chan deputy CIO, Crestline Investors promotes Semple to partner... [more]CalSTRs makes Scott Chan deputy CIO
The California State Teachers' Retirement System today announced the hiring of Scott Chan as the new deputy chief investment officer. Mr. Chan begins his tenure on August 1 and will report directly to CalSTRS Chief Investment Officer Christopher J. Ailma
Hedge funds worry about the legal risks of using "alternative" data... [more]From The Economist: ... But amid the new wave of data vendors are some that are pushing the boundaries of legality. John Funge of Winton's San Francisco office says some are careless about privacy. Anoosh Lachin of Aspect Capital, another London quant fund, was once offered data by a former employee
Korea's hedge fund market doubles in one year to $18bn... [more]From Koreatimes.co.kr: Korea's hedge fund market has surpassed 20 trillion won ($18 billion) as more investors seek to put money into diverse investment tools for larger profits. It only took six years for it to become a 20 trillion won market since hedge funds were introduced here in December 2011
SS&C GlobeOp Forward Redemption Indicator: June notifications 4.17%... [more]"SS&C GlobeOp's Forward Redemption Indicator for June 2018 was 4.17%, an increase from the 3.59% reported for the same period a year ago for June 2017," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Recent months' redemptions are running somewhat higher than the very low
Just 1% of European pensions allocate to ILS: Mercer survey... [more]From Artemis.bm: While it sometimes feels as if insurance-linked securities (ILS) and reinsurance linked investments are almost mainstream, there is still a way to go before the asset class truly becomes a staple of the major institutional investors of this world, as evidenced in the results of a re
Xineoh offers AI that predicts customer behavior with scary accuracy... [more]From Venturebeat.com: Artificial intelligence has been shaking up the marketing world for the last few years, helping automate menial, repetitive tasks, inform better creative decisions, and predict revenue projections.
But many of the tools available for that latter category, namely, predictive
Hedge funds take aim at Europe's debt collectors... [more]From the FT: Hedge funds are stepping up bets against European debt collectors, arguing that opaque balance sheets are masking headwinds for companies that chase down consumers' unpaid loans and were until recently a favourite of investors.
The debt collection industry has grown rapidly since the
Trump's Trade War has hedge funds diving for cover in China... [more]From Bloomberg: Pinpoint, SPQ have cut net exposure to region's equities
FengHe Asia Fund cut allocation to China to six-year low
Donald Trump's threats of a trade war with China are sending jitters through the hedge-fund community. Pinpoint Asset Management and SPQ Asia Capital have recent
And finally: Man with gun tattoo on forehead charged with illegally possessing firearm (with photo)... [more]From the Huffington Post: A South Carolina man barred from possessing firearms because of his criminal record was arrested over the weekend and charged with - you guessed it, weapons possession.
After 24-year-old Michael Vines slammed a Toyota Camry into a power pole on Saturday night, firefighte
Creating, managing and administering large amounts of wealth comes with its own set of challenges. Horizons: Family Office & Investor Magazine aims to offer a 360 degree perspective on all relevant themes around family offices, wealth management, investments, operations, and governance.
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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..
