Other Voices: Overlooking the other sources of liquidity... [more]By: Ken Griffin
Suddenly, everyone’s talking about liquidity. As the Federal Reserve steps back from an unprecedented period of monetary intervention, investors are rightfully focused on the possibility that, after years of relative calm, the U.S. could be in for a period of increased market vol
Opalesque Roundtable: The ’40 Act space has become very popular in the U.S.... [more]Benedicte Gravrand, Opalesque Geneva: Mutual funds are becoming popular in the U.S., and not just for retail investors. However, managers should not jump in the area before looking at the running process, the expense, future regulations, and the fee structure first.
In the US,
there has been
CTAs lead hedge fund recovery as commodities slump... [more]Komfie Manalo, Opalesque Asia: Hedge funds are on track to deliver solid returns in July, up 1.4% month to date (0.4% of as end July 21). CTAs and global macro managers outperformed other hedge fund strategies, said Lyxor Asset Management.
McGraw Hill Financial buys SNL Financial for $2.2bn... [more]Bailey McCann, Opalesque New York: McGraw Hill Financial has acquired SNL Financial from New Mountain Capital for $2.2 billion in cash. SNL is a provider of financial news, data and analysis. The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated p
Armajaro Commodities Fund said to plan closing at end-July... [more]From Bloomberg.com: Armajaro Asset Management LLP plans to close its $450 million commodities fund after losing money and its lead manager, a person with direct knowledge of the matter said. The Armajaro Commodities Fund, run by Oliver Denny in London, lost 11 percent in the first half and will shut
Legal - Investors warned on Carlyle hedge fund... [more]From WSJ.com: Hedge-fund losses are causing more headaches for private-equity firm Carlyle Group LP. Carlyle’s $4.9 billion hedge-fund firm, Claren Road Asset Management LLC, faces the prospect of investor withdrawals after an influential consultant advised clients who are invested in Claren Road to
People - Churchill Asset Management hires CRO... [more]Churchill Asset Management LLC, a majority-owned subsidiary of TIAA-CREF focused on originating, underwriting and managing senior loan investments, today appointed Christopher Cox as a Senior Managing Director and Chief Risk Officer. The appointment is effective immediately.
Reporting to Kenne
Investing - Hedge fund billionaires bet on London as revival gathers pace... [more]From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.
…And Finally - Least competent criminal, but a good parent... [more]From Newsoftheweird.com: Scott Birk, 31, was arrested in New Berlin, Wisconsin, in July, thanks to a big boost the police got from his 6-year-old daughter.
A Wal-mart security guard noticed, on video, someone breaking into a jewelry case and pocketing earrings, and approached Birk as a suspec