Opalesque Exclusive: Foundations struggle with plunging returns... [more]Bailey McCann, Opalesque New York: It's no secret that investors had a hard time with investment performance in 2015 and data for foundations was no better. According to data from the 2015 Council on Foundations–Commonfund Study of Investment of Endowments for Private and Community Foundation
Credit Suisse Asia bankers to plan macro hedge fund... [more]From Bloomberg.com: Two Hong Kong-based managing directors at Credit Suisse Group AG plan to leave the bank to start a macro hedge fund, according to people familiar with the matter. Lucas Kiely, Credit Suisse’s head of cross-market trading, and Charles Firth, the Asia Pacific head of equity structu
Och-Ziff Capital Management slashes fees after weak returns... [more]From NYPost.com: Weak returns and high redemptions have caused another hedge fund to slash fees to stem the exit of investors.
Troubled New York-based Och-Ziff Capital Management will be shaving 25 basis points off its multistrategy fund management fees — a move that will instantly siphon near
Woodford Investment scraps bonuses, says can lead to ‘wrong behaviors’... [more]From HITC.com: An unusual move in a sector where bonuses are viewed as crucial to performance and preventing talent from moving elsewhere. One of the U.K.'s best-known fund managers has scrapped bonuses at his investment management firm, saying there is little correlation between bonuses and perform
Top 30 Women Rising Stars in Institutional Investing... [more]Gender balance (or the lack it) has been a persistent challenge in the traditionally male-dominated institutional investing industry. Women who defy this industry stereotype and rise to leadership positions at prominent investment firms not only set career examples for the younger generation of inve
Manager Profile - Todd Newman: The hedge fund trader who beat the Feds... [more]From Fortune.com: Hedge fund manager Todd Newman’s successful career was upended when he was prosecuted for insider trading. After his conviction was thrown out on appeal, the case became a landmark in Wall Street regulation. An inside look at what it’s like to be stalked by the feds—and not back do
Europe - Moscow-based hedge fund manager says Russia getting better... [more]From Forbes.com: The last two years have been nightmarish for Russia. But the worst of nearly three years of recession may be behind it, says David Herne, fund manager for Moscow-based Specialized Research & Investment Group’s offshore Russian hedge fund, known as Specialized Russian Growth.
Asia - Korean securities firms make leap into hedge funds... [more]From Joins.com: Korea’s finance industry marked a milestone in 2011, when the country’s first homegrown hedge fund was established following amended government regulations. Ever since, the size of the local hedge fund industry has grown fivefold to an estimated 5.3 trillion won ($4.8 billion) in inv
SWFs - South Korea’s NPS to put €250 m in Macquarie Europe fund... [more]South Korea’s National Pension Service (NPS) has decided to commit €250 million to Macquarie European Infrastructure Fund 5 (MEIF5) that is aiming to raise €2.5 billion, while the pension fund’s internal investment review committee rejected a proposed joint purchase of a 60% stake in France’s Nice a
People - JPMorgan hires ex-hedge fund manager to head Japan stock sales... [more]From Bloomberg.com: JPMorgan Chase & Co. hired Shinji Ogawa from Evolution Japan Asset Management Co. to head Japanese equity sales as it strengthens its hedge fund coverage. Ogawa, a former hedge fund manager at Evolution Japan, will report to Chiyo Aoshima, head of equity sales at JPMorgan Securit
World’s top performing hedge fund is shorting big dividends... [more]From Theglobeandmail.com: The world’s top performing hedge fund is shorting companies that are juicing their valuations by promising investors big dividends. AAM Absolute Return Fund PLC, which according to HSBC Holdings was the world’s best performing hedge fund in 2015, is betting on declines for
News Briefs - Money market reform likely to stir short-term bond ETFs... [more]In 2014, the Securities and Exchange Commission (SEC) legislated new guidelines concerning the function of money market funds. These rules will finally take effect in October 2016 as a response to the liquidity issues that several banks and fund companies experienced during the 2008-2009 financial
…And Finally - Dog elected mayor of Cormorant, Minnesota — again... [more]From Huffingtonpost.com: Duke, the mayor of Cormorant, Minnesota, just won reelection to a third consecutive term.
Duke may be the most popular politician in America, winning re-election for a landmark third time in a landslide.
What’s his secret? Probably the fact that he’s a dog, and