Man Group reports a 5% increase in Q1 AUM at $175.7bn... [more]Laxman Pai, Opalesque Asia: World's largest publicly traded hedge fund Man Group reported a nearly five percent increase in its assets under management (AUM) for the first quarter of 2024, compared to the last quarter of 2023.
The British hedge fund manager said in a press release that its
With 7520 deals, global VC investment falls to its lowest level in five years to $76bn in Q1'24... [more]Laxman Pai, Opalesque Asia: Global venture capital (VC) investment dropped from $83.8 billion in Q4'23 to $75.9 billion in Q1'24 while the number of VC deals dropped from 9,458 to 7,520 over the same period, revealed a study.
According to KPMG Private Enterprise, the fall is attributed to geop
Hedge funds post a weighted average return of 7.3% in Q1 2024... [more]Hedge funds enjoyed the best quarter since the pandemic in Q1 2024, with a weighted average return of 7.3%, as Equity funds delivered near double-digit returns.
In total, 79.85% of funds administered by the Citco group of companies (Citco) achieved positive returns in Q1, with all strategy and A
Some hedge funds too big to fail for bond market, IMF says... [more]From Bloomberg: A small group of funds has accumulated such large short wagers in the Treasury market that they could destabilize the broader financial system during times of stress, according to the International Monetary Fund.
"A concentration of vulnerability has built up, as a handful of hi
Ken Griffin's hedge fund Citadel to move to new London development... [more]From Financial News: Ken Griffin's hedge fund Citadel is moving to a new base in the City of London. The hedge fund giant has signed an agreement to lease more than 250,000 square feet of workspace in twin skyscraper development 2FA, a joint venture between British Land and Singaporean sovereign wea
Hedge fund formerly advised by former Australian Reserve Bank governor goes under... [more]From AFR: A Perth-based hedge fund that previously counted former Reserve Bank governor Glenn Stevens on its investment committee has gone belly up after being unable to hash out a deal with debt holders after its financial licence was suspended.
NWQ Capital Management's financial services lice
Brevan Howard cuts more than 100 staff in restructuring push... [more]From Bloomberg: Brevan Howard Asset Management is cutting around 10% of its workforce - or about 100 employees - to reduce costs as one of the world's best known hedge funds streamlines its rapidly growing operation.
The cuts include about 20 traders and are mostly focused on back-office and tec
Investing: Hedge fund pushes for power firm to be excluded from Ukraine debt deal... [more]From FT: London-based hedge fund VR Capital is part of a group of bondholders pushing for Ukraine's state grid operator to be excluded from the country's looming debt restructuring, as creditors start to take a tougher stance after a two-year reprieve on repayments in the wake of Russia's invasion.
Commodity: Hedge funds see gold as overvalued... [more]From Kitco News: Gold's unprecedented rally in record territory has attracted a lot of attention from fund managers; however, some funds are worried that the precious metal run has gone a little too far.
According to Bank of America's latest Fund Manager Survey, 26% of survey participants said
Family Offices: Family offices target SE Asia's secondaries markets... [more]From Asian Investor: Asia's challenging environment for private equity exits is set to fuel demand for the private equity secondaries markets.
Southeast Asia's private equity secondaries markets are drawing more attention, especially from family offices as Asia Pacific continues to face a challe
Legal: Ex-Jane Street traders deny stealing secrets for Millennium... [more]From Bloomberg: Two former Jane Street Group traders denied the firm's allegation that they stole a confidential and "immensely valuable" proprietary trading strategy to use in their new jobs at Millennium Management.
Jane Street last week sued Douglas Schadewald and Daniel Spottiswood along wi
And, finally: Drunken vultures taken to 'rehab' center... [more]From Fox News: Two black vultures were discovered in a Watertown, Conn., dumpster "drunk" off of fermented foods. They were then rehabilitated by A Place Called Hope, a rehabilitation center for wild birds.
According to Cummings, working with drunken birds is nothing new, as the two li
Criminals continue to fleece high net-worth individuals and family offices through sophisticated scams that involve elaborate presentations, fake companies and websites, and fraudulent documents that appear credible.
We've documented three cases that describe the highly sophisticated, complex structures and cunningly designed processes which ultimately lead to straightforward investment fraud. This has
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.