Japan offers opportunities for hedge fund investors... [more]Komfie Manalo, Opalesque Asia: Japan offers opportunities for hedge fund investors as Tokyo’s economy remains strong, said Takehiko Nakao, president of the Asian Development Bank during a press briefing with members of the Foreign Correspondents Association of the Philippines (FOCAP) in Manila.
Opalesque Exclusive: As CTAs recover, Typhon Access grows... [more]Bailey McCann, Opalesque New York: The past few years have been challenging for CTAs. Record outflows from CTAs have dominated much of the reporting on the space, but in recent weeks investors have started to take a second look. "For awhile there, the phone wasn't ringing but we're seein
British insurer Aviva to shutter U.S. hedge fund arm... [more]From Nasdaq.com: British insurance giant Aviva PLC will shutter a U.S.-based hedge-fund arm by the end of the year, according to people familiar with the matter. The decision to close the unit, a so-called fund of hedge funds that invests money across a range of external managers, was made after a m
Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop... [more]From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan
Fund Profile - A complex hedge fund strategy works for United Technologies... [more]From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took
Asia - Korea Investment Corporation to focus on alternative investment... [more]From Businesskorea.co.kr: Korea Investment Corporation (KIC) President Ahn Hong-chul held a press conference on Nov. 24 and apologized for the corporation’s investment in Merrill Lynch in 2008. The KIC had invested US$2 billion in Merrill Lynch shares in January 2008, but the appraised value is only
People - Philip Falcone quits as Harbinger Group CEO... [more]From Chicagotribune.com: Philip Falcone, who became a billionaire after betting against the U.S. housing market, is stepping down as chairman and chief executive officer of publicly traded Harbinger Group to focus on his hedge fund and investments including a holding company.
Falcone will rece
…And Finally - Siberian police to give Rudolph the Reindeer a real job... [more]From BizarreNews.com: Santa's crew may soon be presented with a job opportunity during the off-season. Officials in northwest Siberia said police could soon be deputizing reindeer to help chase down criminals in the region. Irina Pimkina of the Yamalo-Nenets region's Interior Ministry said police in