Opalesque Exclusive: As spreads tighten, hedge funds see opportunity... [more]Bailey McCann, Opalesque New York: Another wave of mid-year investor letters and performance updates have made their way to investors, and Opalesque inboxes. One theme has emerged within the credit managers space, which we have reported on steadily this week - as spreads tighten the opportunity s
Saemor Capital fund returns 9.3% in H1, complies with AIFMD... [more]Komfie Manalo, Opalesque Asia: Quantitative investment management specialist Saemor Capital B.V., reported that its Saemor Capital Europe Alpha Fund returned 9.3% in the first half of 2014 (+6.5% in June), the highest in the equity market neutral a
Pedro de Noronha predicts ‘Apple might become obsolete in 2-3 years’... [more]From Macobserver.com; Pedro de Noronha, managing partner at hedge fund Noster Capital, ain't got no truck with these newfangled tech companies, including Apple. The problem, he said, is that you don't know where they'll be in 5 to 10 years. Even Apple, according to him, could be "obsolete in two to
Fund Profile – Client relationships drive success of Bridgewater model... [more]From Risk.net: Curiosity may lead to the death of cats but at Bridgewater Associates, it is a compulsory activity. This search for understanding is at the heart of founder Ray Dalio's investment and business philosophy. For him, the journey is important, not the potential commercial gain, although t
Comment – Tales of the death of hedge funds have been greatly exaggerated... [more]From the blog The Big Picture: During the past few months, we have posted a few words here on the quandary that is hedge funds. One such effort was titled “The Hedge-Fund Manager Dilemma,” and it explored the public’s fascination with the hedge-fund crowd. The next, “Why Investors Love Hedge Funds,”
Legal – U.S. judge declines to void ex-Sentinel CEO's fraud conviction... [more]From Reuters.com: A Chicago federal judge has refused to overturn the conviction of Eric Bloom, the former chief executive of money management firm Sentinel Management Group Inc, for defrauding customers out of more than $500 million.
Rejecting Bloom's request for an acquittal or a new trial,
Asia – Singapore fund management assets grew 11.8% in 2013, says MAS... [more]From Channelnewsasia.com: Total assets managed by Singapore-based fund managers grew by 11.8 per cent to S$1.82 trillion last year, helped by large increases in assets managed by hedge funds and private equity investors, the Monetary Authority of Singapore (MAS) said on Friday (July 25). "Whilst tra
…And Finally – Avid fan pushes it too far... [more]From Newsoftheweird.com: The Japanese snack company Calbee recently staged a promotion around popular singer Nana Mizuki, giving away 10 backstage passes to her Aug. 3 concert in Yokohama to the purchasers of 10 lucky bags of secretly marked potato chips.
Her perhaps-hugest fan, Kazuki Fukumo