Opalesque Exclusive: 2016 poised to be a strong year for hedge fund M&A... [more]Bailey McCann, Opalesque New York: Chicago-based Madison Street Capital, an M&A advisor, has released its annual market outlook, and in it suggests that 2016 will be another strong year for hedge fund M&A. Since 2014, the number of hedge fund M&A deals has steadily increased. According to data in
Regulatory - With new rules, managers not so crazy for CoCos... [more]From PIOnline.com: Money management firms that would otherwise be going loco for CoCos — contingent convertible capital instruments — are cautious because of new capital rules and a regulatory spat related to the hybrid securities. The securities are issued by banks as a way of making their balance
Europe - Britain’s financial machine mostly leery of an E.U. exit... [more]From NYTimes.com: With a referendum looming on whether Britain will leave the European Union, the country’s voters seem sharply divided on whether to stay or go. But for the big banks that dominate the City, as London’s financial industry is known, there is little disagreement: They don’t want to ri
Asia - Hedge funds target a weaker renminbi... [more]From FT.com: …Almost all alternative managers are relentlessly bearish about the prospects for China’s economy and stock market, and are even more pessimistic about the renminbi. However, they also acknowledge that investors can go bust even with the most brilliant fundamental analysis if they get t
People - RPMI Railpen adds 2 to bolster internal management capabilities... [more]From PIOnline.com: Sweta Chattopadhyay and Matthias Eifert were named investment managers at RPMI Railpen, the in-house investment team for the Railways Pension Scheme, London, said a spokeswoman. Ms. Chattopadhyay joined the private markets team as a senior investment manager. Mr. Eifert joined as
Niche Investing - Classic cars race off as best alternative investments... [more]From IExpats.com: It’s no surprise that the biggest spenders on luxury brands are also the places where the wealthiest shoppers go, says a new study. London is home to a large number of billionaires and millionaires and plenty more from around the world like to shop in the up-market stores around Ma
…And Finally - Democracy blues... [more]From Newsoftheweird.com: In January, Robert Battle took the oath of office for his second term as a city councilman in East Chicago, Indiana -- administered at the county lockup, where he is being held without bail, charged with a cold-blooded murder during a drug deal.
The crime made news in