Opalesque Exclusive: Old Hill Partners launches specialty finance fund... [more]Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc
Hedge funds, investment firms are offering Puerto Rico recovery assistance... [more]Komfie Manalo, Opalesque Asia: At least 28 hedge funds and other investment firms are offering unofficial assistance to Puerto Rico, including public relations and even money to the beleaguered government that is faced with high unemployment and concerns from municipal bond investors.
In a re
Asset growth indicates acquisitions work better for hedge fund firms... [more]From PIonline.com: The acquisition spree of the past decade has produced mixed results for acquirers of hedge funds and funds of funds and the firms they bought. Using growth of assets under management to gauge success, full or majority stake hedge fund purchases generally fared better than their he
Pagoda assembles seven-person team ahead of October launch... [more]From Hedgefundintelligence.com: Pagoda Asset Management has hired up. The new equity shop founded by Highbridge Capital Management alumni Adam Bernstein, Mark Hoffman, and Glenn Vogelman recently completed staffing its seven-person team.
The firm, based on Madison and 54th street in midtown Ma
Van Eyk calls in administrators... [more]From Businessspectator.com: Embattled Sydney-based research and funds management house Van Eyk has called in the administrators today, in the wake of the compulsory windup for 13 of the 14 funds that are managed in its Blueprint Series.
Investors have already been reimbursed a significant por
Short sellers wary of making call on direction of Russian market... [more]From FT.com: When Russian President Vladimir Putin sent troops into Crimea in early March, hedge fund managers were quick to bet that the share prices of major Russian companies would fall as a result of the Ukraine crisis.
The energy companies Gazprom, Lukoil, Rosneft and Novatek along with S
Discount hedge funds - is this the wave of the future?... [more]From Hedgefundmarketing.org: Even ardent defenders of hedge fund fee structures must acknowledge the impact a marketplace open to retail investors may have on the status quo. Is the hedge fund 2 and 20 rule going the way of the banking industry’s 3-6-3 rule?
It is no revelation that 2 and 20 h
Comment - Move to passive likely to build still more steam... [more]From PIonline.com: Active money managers could become victims of their own success at identifying mispriced securities. And those with the least conviction could be the first to fall off the edge of the investment universe, analysts say.
Active managers have gutted their ability to deliver alp
Europe - Uncertainty reigning prior to Scottish vote... [more]From PIonline.com: Money managers, consultants and investors are for the first time being forced to take seriously the potential for a breakup of the United Kingdom. The uncertainty of how Scotland's vote for independence will go on Thursday has played out through the currency markets and actions of
Investing - John Paulson is a stumbling block for AngloGold share sale... [more]From IOL.co.za: Billionaire investor John Paulson is getting in the way of AngloGold Ashanti’s plan to rid itself of debt. Following the biggest one-day bond rally in seven months, sparked by the gold producer’s announcement on Wednesday that it would raise $2.1 billion (R23bn) in stock and spin off
…And Finally - Man arrested on drug charge after pocket-dialling 911... [more]From Orange.co.uk: A police station in Tennessee say they have arrested a man on a drug charge after he pocket-dialled 911 and dispatchers heard him talking about going to a drug dealer's house.
Dispatchers were able to trace the location of the call to a Mexican restaurant where the caller an