Bill Ackman’s hedge fund reports double-digit gains in April... [more]Komfie Manalo, Opalesque Asia: After starting the year on a bad note, billionaire hedge fund manager
William Ackman finally has some good news for investors. His hedge fund
firm, Pershing Square Holdings reported a 10.2% gain in April as shares of
embattled pharmaceutical company Valeant rose,
Hedge funds fell in April as alternative UCITS surge in Europe... [more]Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during
the month (-2.8% YTD), but there was some good news with alternative
strong inflows in Europe.
In its Weekly Briefing, Lyxo
Gundlach's DoubleLine Capital posts 27th straight month of inflows... [more]From Reuters.com: DoubleLine Capital, overseen by widely followed investor Jeffrey Gundlach, said on Monday its mutual funds attracted $1.36 billion in April, marking the firm's 27th consecutive month of inflows. The DoubleLine Total Return Bond Fund had a net inflow of $983.7 million in April. The
Public pension funds feeling the heat in hedge fund furor... [more]From PIOnline.com: Pressure to exit hedge fund portfolios — as the $51.2 billion New York City Employees’ Retirement System resolved to do last month — is almost exclusively a U.S. public pension plan phenomenon, sources said. One conclusion that can be drawn from the attention generated by NYCERS’
Fund Profile - Hatteras Funds enhances Managed Futures Strategies Fund... [more]Hatteras Funds, a provider of unique alternative investment solutions for Financial Advisors and their clients, announced today that it has restructured its Managed Futures Strategies Fund (HMFIX) in order to provide greater transparency and reduce overall fund expenses for investors. Hatteras has c
CalSTRS CIO: The 2 and 20 hedge-fund model is dead... [more]From CNBC.com: The compensation model that has enriched hedge fund managers for years is not long for this world, CalSTRS Chief Investment Officer Christopher Ailman said Monday. To find yield in the current low-interest-rate environment, CalSTRS has invested in select hedge funds. But Ailman said t
Regulatory - Fed expected to drag hedge funds into plan to halt next Lehman... [more]From Bloomberg.com: Hedge funds, insurers and other companies that do business with Wall Street megabanks are expected to pay a price for regulators’ efforts to make sure any future collapse of a giant lender doesn’t tank the entire financial system. The Federal Reserve is set to propose so-called s
Asia - China's turmoil threatens global growth — Milken speakers... [more]From PIOnline.com: China is going through its teenage years, and its struggles with growing into a mature economy could bring an end to the globe's ongoing recovery, now in its sixth year, speakers agreed at the Milken Institute Global Conference Monday.
“China is (in) a middle transition peri
Activist News - Ackman defends Valeant, hints at more changes... [more]From Reuters/Streetinsider.com: Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals, ruling out any sale of the drug company's "crown jewel" assets but saying price cuts and even a new name may be in its future.
Ackman, whose Pershing Square Capi