Lyxor launches multi-manager fixed income fund... [more]Komfie Manalo, Opalesque Asia: European specialist Lyxor Asset Management launched its first alternative multi-manager fixed income fund with daily liquidity in a UCITS format, called the Evolution Fixed Income fund.
Lyxor commented , "In t
Harvard Endowment names new CEO... [more]Bailey McCann, Opalesque New York: Harvard Management Company, the professionally managed $36 billion university endowment, has hired N. P. Narvekar, 54, to the roles of president and CEO. He succeeds Stephen Blyth, who resigned in July. Blyth cited health reasons for his departure after 18 month
Hedge funds pull back from Deutsche Bank... [more]Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th
Update: Perry's retreat piles pressure on hedge funds chasing mergers... [more]From Chicagotribune.com: Hedge fund veteran Richard Perry's decision to quit after almost three decades betting on the success or failure of mergers and acquisitions couldn't have come at a worse time for money managers following comparable strategies. Event-driven hedge funds speculating on corpora
BTG Pactual lulled to sleep by August markets... [more]From Valuewalk.com: BTG Pactual’s Global Emerging Markets and Macro hedge fund had a sleepy August, much like the markets themselves. In an investor update reviewed by ValueWalk, the fund was slightly hit, down -0.13% in August, after being off -0.12% in July. The BTG Pactual fund is perhaps among t
Billion Dollar Club: Redemptions mount in first 12-month drop since crisis... [more]From Hedgefundintelligence.com: The biggest 302 American hedge funds now manage a combined $1.84 trillion. Assets declined at hedge funds managing more than $1 billion following a rocky first half of the year marked by redemptions and lagging performance.
The Billion Dollar Club, which tracks
Regulatory - Fed, BOJ add shine to risk-parity strategy... [more]From Reuters.com: The Federal Reserve and Bank of Japan's actions last week have given a second wind to an alternative investment strategy that relies on cheap money and low market volatility to produce outsized returns.
The funds had a rough 2015 when volatility spiked ... Since January, how