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
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
…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