Third Point up 4.6% in Q2, 2.2% YTD - Second Quarter 2016 Investor Letter... [more]Matthias Knab, Opalesque: Dan Loeb explains in his investor letter: "Our gains (up 4.6% in Q2 to now 2.2% YTD) have also been the result of mitigating losses in individual investments (other than in Allergan, the year’s largest detractor). We believe that improved process initiatives we have prac
Opalesque Exclusive: Institutions stick with hedge funds despite performance... [more]Bailey McCann, Opalesque New York: Institutional portfolios have been able to reap the rewards of diversification and higher returns by allocating to alternatives, according to a new historical analysis done by PGIM. Researchers considered a variety of alternative strategies and portfolios over t
Legg Mason recovers from 1st quarter losses as assets rise to $741.9bn... [more]Komfie Manalo, Opalesque Asia: Global asset management firm Legg Mason reported $33.5m income in the second quarter of 2016, recovering from its $45.3m net loss recorded as of March this year. However, the figure is still far from the $94.5m net income registered in the second quarter of 2015, th
Ex-Fortress money manager seeks investors for macro fund... [more]From Bloomberg.com: Jeff Feig, who helped run Fortress Investment Group’s main hedge fund before it shut down amid heavy losses, is meeting with investors to start a fund focusing on macroeconomic events. Feig has teamed with former Fortress colleague Chris Fahy and Steve Luttrell, who co-founded Dr
Asia-based hedge funds 'hit badly by redemptions'... [more]From Straitstimes.com: Asia-based hedge funds are facing the worst redemption pressures in five years, with investor withdrawals cutting regional industry assets by about 10 per cent in the first half, according to the data provider eVestment.
Asian managers suffered US$6.3 billion (S$8.6 bill
The no-audit hedge fund... [more]From Goingconcern.com: Here's a weird story about Arjun Capital, LP a hedge fund that's had some impressive returns over the past few years: "13 per
Comment - Why aren't there more women fund managers?... [more]From Investmentnews.com: If you're looking for comforting news about the great strides women have made breaking into investment management, you won't find it here. Men still overwhelmingly dominate the field. But the inroads that women have made in money market funds show that there is a path to gr
North America - A Free-spending hedge fund industry divided... [more]From Institutionalinvestor.com: As the race for the presidency has narrowed — Donald Trump secured the Republican nomination at the GOP’s convention in Cleveland last week, and Hillary Clinton took the Democratic nomination this week in Philadelphia — major hedge fund donors continue to spend more t
Asia - Sebi registered AIF count touches 235... [more]From Business-standard.com: Markets regulator Securities and Exchange Board of India (Sebi) has allowed as many as 235 entities to set Alternative Investment Funds (AIFs), pooled-in investment vehicles for real estate, private equity and hedge funds, over a period of nearly four years.
…And Finally - Hemingway wins look-alike contest in Key West... [more]From AP/Yahoo.com: For the first time in its 36-year history, a Hemingway has won a competition seeking the man who most looks like literary giant Ernest Hemingway.
Dave Hemingway was named the winner of the "Papa" Hemingway Look-Alike Contest on Saturday in Key West, Florida. The winner said