SEC mulls distribution of $602m SAC settlement to victims... [more]Komfie Manalo, Opalesque Asia: The U.S. Securities and Exchange Commission said it plans to distribute the $602m settlement money it received from Steven Cohen’s hedge fund SAC Advisors to people who claim they were victimized by former SAC portfolio manager Mathew Martoma’s illegal insider tradi
Hedge funds muscle into reinsurance, attracting doubters... [more]From Reuters.com: Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall. Hedge funds have long been big buyers of insurance-l
Japan to approve GPIF boosting domestic stocks to 25%... [more]From Reuters.com: Japan's government will approve new allocation targets for the world's biggest pension fund on Friday, aiming to raise its holding of Japanese shares to 25 percent of its portfolio from the current 12 percent, two government sources said. The $1.2-trillion Government Pension Invest
Comment - Simon Lack says hedge fund mirage validated... [more]From Valuewalk.com: Simon Lack, author of “The Hedge Fund Mirage,” feels vindicated that many hedge fund managers have embraced some of his original comments critical of the hedge fund industry. In an interview with the Brandes Institute, the former CEO and founder of JPMorgan Incubator Funds, which
Activist News - More investor activism expected, but returns likely lower... [more]From Reuters.com: Activist investment campaigns such as the ones conducted by Carl Icahn, William Ackman and Daniel Loeb are expected to pick up in the next one to two years but returns at activist funds are expected to be less robust than before, new data show.
A survey by law firm Schulte Ro