Opalesque Exclusive: The European CLO market is looking up... [more]Benedicte Gravrand, Opalesque Geneva: European collateralized loan obligations (CLOs) are experiencing a revival in issuance this year, after the shrinkage of 2009-2015. This is benefiting credit managers who stuck to their guns through the financial crisis.
The region’s pool of outstandin
Saxo Bank's 10 Outrageous Predictions for 2017... [more]Benedicte Gravrand, Opalesque Geneva: Saxo Bank, the Copenhagen-headquartered online multi-asset trading and investment specialist, has released its annual 'Outrageous Predictions' for the year ahead. The scenarios explore a Chinese growth rebound, an Italian bank rally, Brexit giving way
StepStone announces close of Swiss Capital acquisition... [more]StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory
Hedge funds closures set for worst year since 2008... [more]From FT.com: The number of hedge fund closures is on track for the worst year since 2008, as investors withdraw their money citing poor performance and fees.
While 406 hedge funds started up in the first half of 2016, 530 shut their doors, according to data from Hedge Fund Research. At that ra
KKR closes $711 million global Next Generation Technology Growth Fund... [more]KKR, a global investment firm, has announced the final closing of KKR Next Generation Technology Growth Fund, a $711 million fund dedicated to growth equity investment opportunities in the technology, media and telecommunications (TMT) space in North America, Europe and Israel.
The Fund is foc
Smaller hedge funds looking to new tools to better manage risk... [more]From Waterstechnology.com: Panelists at Waters USA, which was held on Dec. 5 in Manhattan, discussed how smaller fund managers are turning to third parties to help compete with larger competitors.
An audience member asked: How do smaller and emerging hedge funds utilize technologies to compete
Investors to double down on private equity, cut hedge funds... [more]From IPE.com: Private equity investors expect annual returns of 11% or more from the asset class over the next five years, according to a survey by Coller Capital. Almost half of the 110 limited partners (LPs) questioned plan to grow their target allocations in the next 12 months, Coller reported.
Comment - Hedge funds' unlikely savior... [more]From Bloomberg.com: The past two years have been tough on hedge funds, and active money managers in general. Sitting on an index fund provided better returns in almost every asset class.
Donald Trump's election as president of the U.S., however, has offered these managers a new lease of life.
Europe - London still top destination for future hedge funds... [more]From Cityam.com: London is set to remain a hedge fund hotspot in coming years after 21 of 50 up-and-coming hedge fund managers in Europe were found to be based in the UK capital.
The research – from the Hedge Fund Journal (HFJ) in partnership with accountancy giant EY – features fresh names in
Asia - India opting for alternative investment options... [more]From Indiatimes.com: With deposits increasing post demonetisation and banks reducing interest rates, people are looking at various options to bolster their investments including insurance and mutual funds in the Port City. According to sources, the city is witnessing a positive growth in terms of in
People - Moore Capital has been making some big hires just before Christmas... [more]From eFinancialcareers.com: Moore Capital Management has largely been losing senior staff in London this year, particularly former SAC Capital Advisors’ staff who have usually departed to join Steve Cohen’s new Point72 Asset Management UK operation. But in the past few weeks Louis Bacon’s hedge fund
Activist News - FourWorld Capital’s Addis says Flotek research is incomplete... [more]From Valuewalk.com: FourWorld Capital’s John Addis thinks he has found a beat-up old pick-up truck masquerading as a Rolls Royce in Flotek Industries. Wednesday morning just before the open of trading in New York, Addis announced a short into Flotek, a Houston-based global supplier of drilling suppl