Opalesque Exclusive: Northern Trust launches blockchain offering with IBM... [more]Bailey McCann, Opalesque New York: Northern Trust has launched the first commercial deployment of blockchain technology for private equity fund administration. The firm is partnering with IBM for technology development, which works off of the Hyperledger Fabric. Hyperledger is an open-source bloc
Insider selling approaching panic level... [more]Matthias Knab, Opalesque: Jeff Seymour, Engineer. Investment Advisor. Greedometer algo inventor, writes on Harvest Exchange:
The past 7 weeks (first 7 weeks of this year)
Hedge fund Numerai launches its own cryptocurrency... [more]A hedge fund focused on artificial intelligence has launched its own cryptocurrency, underscoring the growing interest in applying Bitcoin-like technology to the financial markets. The San Francisco-based hedge fund Numerai has announced that its new virtual currency, Numeraire (NMR), will be the fi
Hedge fund liquidity falls to danger zone in U.S. stock market... [more]From Bloomberg.com: There's safety in numbers. Until a stampede starts. That's the theory underlying a study of hedge fund holdings by Novus Partners Inc., which sought to calculate how easily the market could absorb concerted selling by large money managers. Using an analysis that turns mainly on h
KB, Shinhan to invest in global hedge fund... [more]From Koreatimes.co.kr: KB Kookmin Bank and Shinhan Bank are each considering investing up to 60 billion won ($52.57 million) into a buyout fund being raised by the U.S.-based global investment firm Kohlberg Kravis Roberts (KKR).
According to each bank on Wednesday, they are reviewing plans to
Long only hedge fund fees now closer to 1 and 10... [more]From Valuewalk.com: Hedge funds have made a positive start to the year according to Eurekahedge's monthly report on the state of the industry. For the month of January the Eurekahedge Fund Index was up 0.87% in January while underlying markets as represented by the MSCI World Index2 gained 1.49%. Am
Legal - Fannie, Freddie shares dive after U.S. appeals court ruling... [more]From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts.
Is yesterday's hedge fund strategy in tomorrow's ETF?... [more]From ETFTrends.com: I was recently part of a conversation with a group investment industry professionals. The discussion was wide-ranging, covering industry trends, fee compression, and the performance of various investment strategies.
The conversation was spirited, with multiple points of vie
Activist News - Tiffany adds three directors in pact with activist JANA... [more]From Reuters/Streetinsider.com: Tiffany & Co on Tuesday struck a surprise deal with JANA Partners, an activist investor and now a shareholder, agreeing to add three directors to its board as the luxury retailer tries to entice younger shoppers and revive struggling sales.
The deal with JANA jo
...And Finally - How to win friends and influence people... [more]From Newsoftheweird.com: Each year, the town of Chumbivilcas, Peru, celebrates the new year with what to Americans might seem "Festivus"-based (from the Seinfeld TV show), but is actually drawn from Incan tradition.
For "Takanakuy," during background singing and dancing, all townspeople with