Hedge fund assets rise three consecutive quarters to a record $3.07tln... [more]Komfie Manalo, Opalesque Asia: Hedge fund assets reached $3.07 trillion in the first quarter of 2017 as the industry sustained its expansion to a third consecutive quarterly record as investors increased allocations to event driven and quantitative, trend-following systematic macro strategies, da
Macquarie to buy the UK's Green Investment Bank... [more]Bailey McCann, Opalesque New York: A Macquarie-led consortia of investors will privatize and acquire the UK's Green Investment Bank, a government-backed bank that uses public funds to invest in environmentally sustainable projects. The £2.3 billion ($2.9 billion) deal will keep the bank going
Schroders to acquire Adveq... [more]Bailey McCann, Opalesque New York: British Asset Manager Schroders will acquire Swiss private equity firm Adveq for an undisclosed sum. Reuters was first to report news of the transaction.
The deal will close in the second half of this year and Adveq will assume the name Schroders Adveq. Adv
Lithuanian Parliament introduces Magnitsky legislation... [more]Komfie Manalo, Opalesque Asia: The Lithuanian Parliament on Thursday introduced a Magnitsky bill proposing to refuse entry to Lithuania to persons who have been involved in human rights abuses, money laundering and corruption.
The bill is the initiative of Gabrielius Landsbergis, MP, chairman
Hedge fund manager John Burbank III is shutting down a key fund... [more]From Businessinsider.com: A multi-billion dollar hedge fund firm is shutting down one of its key strategies. San Francisco-based Passport Capital is shutting its long-short equity fund, which managed about $833 million, people familiar with the matter said.
That fund makes up nearly one-third
BlackRock earnings rise on tide of E.T.F.'s and index funds... [more]From NYTimes.com: BlackRock, the world's largest asset manager, continued to reap the benefits of the passive investing revolution in the first quarter of this year as investors stuck to ditching actively managed mutual funds for cheaper exchange-traded funds that track a variety of indexes.
Illinois' pension funds invested in risky, alternative investments... [more]From Illinoispolicy.org: A new report about public sector pensions says there's an increase in the use of complex investments that are riskier and more expensive, putting taxpayers at risk. One economist says that's a reason to get away from defined benefits plans.
Pew Charitable Trusts releas
Manager Profile - Paul Singer: Hedge fund that's never far from a good fight... [more]From Thetimes.co.uk: Paul Singer founded Elliott Management in 1977 and built up his $33 billion hedge fund by investing in bankrupt and struggling companies. Elliott is famous for its 15-year campaign to make Argentina pay up on its defaulted bonds. The hedge fund even persuaded Ghana to block an A
Fund Profile - Paulson & Co., hemorrhaging assets, looks to rebuild... [more]From Institutionalinvestor.com: John Paulson, the hedge fund manager who skyrocketed to fame when his big bet against the subprime mortgage market personally netted him $3.7 billion in 2007, is now managing just $10 billion, down 40 percent from a year ago and a far cry from his peak of $36 billion.
Europe - Hedge funds lose on UK election shock, but man less than machines... [more]From Reuters.com: Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum.
...Most of the hedge fund strategies run by mac
Commodities - Hedge fund confidence in OPEC starts to fray... [more]From Reuters.com: OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.
OPEC committed to implement credible production cuts and reduce global crude stocks while hedge
...And Finally - Redneck chronicles... [more]From Newsoftheweird.com: Dennis Smith, 65, was arrested in Senoia, Georgia, and charged with stealing dirt from the elderly widow of the man Smith said had given him permission to take it. Smith, a "dirt broker," had taken more than 180 dump-truck loads.
New for Valentine's Day from the SayI