Opalesque Exclusive: FS Investments launches energy fund... [more]Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets.
Hedge funds slightly falter as trend reversal hits markets... [more]Komfie Manalo, Opalesque Asia: Hedge funds slightly faltered from 14 to 21 March as trend reversals have negative implications for some strategies. The Lyxor Hedge Fund Index was down -0.3% during the week (+0.9% YTD), while the Lyxor CTA broad index underperformed and lost 1.6% (-0.7% YTD). Mark
Genstar closes Fund VIII on $3.95 billion... [more]Bailey McCann, Opalesque New York: San Francisco-based Genstar Capital has closed its latest fund on $3.95 billion after just ten weeks in market. Fund VIII hit its $3.1 billion target and raised an additional $650 million of overage capacity from select limited partners.
The General Partner
Hedge fund closures hold nuggets for stock market investors... [more]From FT.com: Hedge fund managers may be criticised for their recent returns but they have consistently displayed a razor sharp sense of timing when it comes to picking when to sell their own businesses.
When Och-Ziff, the New York-based hedge fund founded by the former Goldman Sachs trader Dan
Hedge fund sees 21% returns on advice from Nobel Prize pickers... [more]From Bloomberg.com: If you're investing in health care stocks, you'd better ask the experts. Thanks to the advice from a range of professors, Swedish hedge fund Rhenman Healthcare Equity L/S has delivered an average annual return of 21 percent since it started in 2009. Asking clinical expertise befo
Hedge fund industry AUM sits at $3.085tln, highest since July 2015... [more]From Valuewalk.com: Quite often in 2016, it was difficult to find something positive about which to comment on the state of investor sentiment toward the hedge funds. Looking through February's data, the feeling is the opposite. While it is apparent 2017 may not resemble the large inflow years betwe
HMC will invest at least $300 million to spun-off hedge fund... [more]From Thecrimson.com: Months after announcing it would radically revise its investment strategy by the end of the fiscal year, Harvard Management Company will invest at least $300 million into a hedge fund formed by some of its former money managers, Bloomberg reported on Thursday.
The money is
Manager Profile - The merits of the mid-market manager... [more]From Privateequitywire.co.uk: Liquidity management is very much at the core of Jabre Capital's investment philosophy. Granted, the level of market volatility has been somewhat subdued over the last year or so. The VIX Index spiked following the Brexit vote last June, reaching 25.76, and spiked again
...And Finally - The Hangover Bus: Often booked solid in advance in Vegas... [more]From BizarreNews.com: A Las Vegas bus is offering passengers more than a quick commute -- it serves as a mobile clinic to cure hangovers in 45 minutes. The Hangover Heaven Bus, run by Dr. Jason Burke, can be found seven days a week parked at various locations around the Las Vegas strip to offer refu