B. Riley Asset Management acquires rights to manage Dialectic hedge funds... [more]Komfie Manalo, Opalesque Asia: Publicly traded and diversified financial services company B. Riley Financial, Inc. has entered into an agreement with Dialectic Capital, LLC and Dialectic Capital Management, LP to assign the rights to manage certain hedge funds managed by Dialectic to a subsidiary
Hedge funds holding Puerto Rico bonds are looking at a long battle... [more]Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings
SS&C GlobeOp Forward Redemption Indicator at 2.41% for April... [more]The SS&C GlobeOp Forward Redemption Indicator for April 2017 measured 2.41%, down from 3.48% in March.
"SS&C GlobeOp's Forward Redemption Indicator for April 2017 of 2.41% represents a sharp improvement on a year-over-year basis from 2.94% reported in April of 2016," said Bill Stone, Chairm
Investcorp invests $160m in industrial real estate portfolio... [more]Komfie Manalo, Opalesque Asia: Global provider and manager of alternative investment products Investcorp said its real estate arm has invested in an industrial portfolio of properties in the Chicago and Boston metropolitan areas amounting to $160 million.
The portfolio includes six propertie
Kempen launches structured credit fund... [more]From IPE.com: Kempen Capital Management has introduced a structured credit pooled fund that enables investors to "easily and cost effectively" access the structured credit market. In a statement, it said that its Diversified Structured Credit Pool (DSCP) comprised long-only structured credit funds s
Exposure to India is helping this hedge fund reach all-time highs... [more]From Benzinga.com: With domestic markets contracting, American investors are turning to international assets, noting particular promise in India. "You want to have strength in emerging markets, this is where the strength is," J.C. Parets of All Star Charts said on Benzinga's PreMarket Prep radio sho
Fund Profile - This hedge fund may be poised to create the most billionaires... [more]From Bloomberg.com: Henry Laufer was teaching math at Stony Brook University on Long Island in the late 1980s when he got a call from Jim Simons. A former colleague, Simons had left academia to start Renaissance Technologies a mile down the road, and his hedge fund was struggling. Would Laufer help
Asia - China markets reel as $1.7 trillion in shadow funds unwind... [more]From Bloomberg.com: A $1.7 trillion source of inflows into Chinese markets has suddenly switched into reverse, roiling the nation's money management industry and sending local bonds and stocks to their biggest losses of the year. The turbulence has centered on so-called entrusted investments -- fund
People - Man Group appoints head of machine learning unit at GLG... [more]From FT.com: Man Group has appointed an industry veteran to head machine learning for GLG, its discretionary trading unit, as hedge funds bet that the future is in computer algorithms and big data. William Ferreira, who previously worked at Man's AHL unit, which trades using computer algorithms, rej
...And Finally - That explains it... [more]From Newsoftheweird.com: Jason Sexton told KFSM-TV in Fort Smith, Arkansas, in April that he alone had been digging the massive hole neighbors noticed, now 34 feet deep and with separate tunnels extending off of the main hole. Police had come to check it out, since it was on another person's private