Opalesque Exclusive: MetLife exits hedge fund with $1.2bn redemption... [more]Komfie Manalo, Opalesque Asia: Largest U.S. insurer MetLife on Thursday said it would withdraw $1.2bn from
its $1.8bn hedge fund portfolio after investments in hedge funds and bonds
declined, various media reported.
MetLife chief investment officer Steven Goulart told the media in a
Myriad Asset shutters Japan-focused hedge fund on weak outlook... [more]Komfie Manalo, Opalesque Asia: Hong Kong-based hedge fund firm Myriad Asset Management led by
Carl Huttenlocher has announced plans to shut down its Japan-focused hedge
fund, Japan Reflation Fund, less than a year after its launch because of
uncertainties regarding the so-called Abenomics.
Reliance Capital targets UK DFMs with Indian UCITs fund... [more]From International-adviser.com: Cohesion Investments has partnered with Indian asset manager Reliance Capital to launch the India Equities Portfolio Fund. Advised from India by Sunil Singhania, Reliance Capital Asset Management’s (RCAM) chief investment officer, the new fund is the firm’s first Ucit
Brevan Howard opens funds to fresh outside investors... [more]From Reuters.com: Billionaire Alan Howard's hedge fund, Brevan Howard Asset Management, has opened two funds to additional outside investors, a source with direct knowledge of the matter told Reuters. A cash-raising drive for these funds, which will invest in stocks and bonds and allow investors to
SWFs and pension funds in favor of alternative assets... [more]From Asiaasset.com: An increasing number of global sovereign wealth funds (SWFs) and pensions are looking to diversify their portfolios to include alternative investments in fear that market uncertainties would affect their investment strategy over the next three years, says State Street Global Advi
Comment - Hedge funds thisclose to just giving up... [more]From Dealbreaker.com: Hedge funds have gone through tough times before. The tech bubble. The subprime mortgage crisis. Their unrequited love turned bitter hatred for Barack Obama. But through it all, they’ve always managed to maintain a certain self-assurance, not to say self-respect, befitting a ma
Legal - NYC speaker seeks probe of OppenheimerFunds on Puerto Rico... [more]From Bloomberg.com: New York City Council Speaker Melissa Mark-Viverito has asked the Securities and Exchange Commission to investigate OppenheimerFunds Inc., saying the asset-management company has played a role in worsening Puerto Rico’s fiscal crisis by increasing its investments in the island’s
Europe - Cerberus sees five more years of soured loan disposals in Europe... [more]From Bloomberg.com: The biggest buyer of soured real-estate debt in Europe says disposals of non-performing loans from the region’s banks and governments will continue until at least 2021.
Cerberus Capital Management LP, which acquired more bad loans in Europe than any of its peers in the past t
…And Finally - Woman arrested for staying silent during traffic stop sues... [more]From ABCnews.go.com: A Philadelphia woman who was arrested after she refused to answer questions during a traffic stop in New Jersey has sued state police, claiming troopers violated basic rules by arresting her for remaining silent.
Rebecca Musarra, an attorney, filed the federal civil rights