Hedge fund Advent Capital launches first alternative UCITS fund with credit strategy... [more]Komfie Manalo, Opalesque Asia: The $8.5bn investment management firm Advent Capital Management announced it would launch a new UCITS regulated umbrella fund domiciled in Ireland, which will include the Advent Global Absolute Return Strategy, in the second quarter of 2015.
Advent
Currency fund managers mostly gain in January... [more]Komfie Manalo, Opalesque Asia: Currency fund managers mostly gained in January as 22 of the 31 programs that reported their results in the Parker FX Index showed positive results and nine incurred losses during the month. The Parker FX Index was
Marriage hurts a hedge fund manager more than divorce... [more]From Ketknbc.com: A fund manager's divorce can tank a hedge fund's performance. The only thing that's worse for it is a wedding. A fund's alpha -- the measure of how much it beats the market -- falls by an annualized 8.5% around the time of a manager's marriage, according to a st
Vanguard to diversify managed payout offering with liquid alternative investments... [more]Vanguard plans to further diversify the $1.6 billion Vanguard Managed Payout Fund by adding a new offering, Vanguard Alternative Strategies Fund. The firm filed a registration statement for the new fund with the U.S. Securities and Exchange Commission this morning. It is expected to be available in
JPMorgan reveals what institutional investors want from hedge funds... [more]From Valuewalk.com: After several studies and industry discussions pointed to the benefit of a nimble hedge fund to invest in niche markets and move the needle, it seems institutional managers are getting the message. According to J.P. Morgan’s Capital Introduction annual Investor Survey, institutio
Legal - Hedge funds gain $415m in fight with Elle Macpherson’s husband... [more]From NYPost.com: Six years and six courts later, the legal saga of the lenders to the spectacular-on-paper but bankrupt-in-reality Fontainebleu Las Vegas has ended, technically, in a split decision. But those lenders, mostly New York hedge funds, now have $415 million to show after their hard-fought
Activist News - Activist investors’ success owes much to wider bull run... [more]From FT.com: The activist attacks come in wave after wave. Sotheby’s settled with Daniel Loeb last year only to find a second hedge fund, Marcato, demanding yet more share buybacks. From Pepsi to MSCI to Zoetis to Dow Chemical, companies are accepting activists’ nominees on to their boards rather th
News Briefs - Ukraine’s former President Yanukovych deposited billions of USD with China... [more]Former President of Ukraine Viktor Yanukovych has deposited billions of dollars with the Chinese, according to two independent sources available to the Journal of Political Risk. President Yanukovych deposited approximately $1 billion USD with China on either his first or second visit to that countr
…And Finally - The litigious society: Woman sues self for killing husband - to cash on insurance... [more]From Newsoftheweird.com: The Utah Court of Appeals ruled in February that Barbara Bagley has a legal right to sue herself for her own negligent driving that caused the death of her husband. Typically, in U.S. courts, a party cannot profit from its own negligence, but Bagley is the official "represen
RSS
Benedicte Gravrand, Opalesque Geneva: IN the last few months, several central banks have tried to put a brake on deflation through monetary devaluation to stimulate exports and encourage growth. This is creating volatility in the foreign exchange market, which has just been through a long period of..
