Fred Alger Management relaunches ESG fund... [more]Bailey McCann, Opalesque New York: New York-based Fred Alger Management, a $19.5 billion investment firm, has relaunched its ESG fund. Formerly the Alger Green Fund, the Alger Responsible Investing Fund is broadening its investment criteria and has added Gregory S. Adams, CFA as Portfolio Manager
GMO names new CEO, adds head of investments role... [more]Bailey McCann, Opalesque New York: Boston-based asset manager Grantham, Mayo, Van Otterloo & Co. (GMO) has named a new CEO. Scott
Hayward, former CEO of Quantitative Management Associates will take over in the role on February 13, 2017. Hayward will take over for Peg McGetrick, a board member who
Grantham Mayo hires new CEO, plans climate change fund... [more]From Bostonglobe.com: The Boston investment firm Grantham, Mayo, Van Otterloo & Co. has named Scott Hayward as its new chief executive. Hayward will join GMO in February, succeeding Peg McGetrick, who has been serving as interim chief executive since Brad Hilsabeck stepped down in June. Hilsabeck's
SS&C GlobeOp Forward Redemption Indicator: January notifications 2.60%... [more]The SS&C GlobeOp Forward Redemption Indicator for January 2017 measured 2.60%, down from 5.67% in December.
"SS&C GlobeOp's Forward Redemption Indicator for January 2017 was 2.60%, up from 2.31% reported a year ago for January 2016," said Bill Stone, Chairman and Chief Executive Officer, SS&C
Barclay Hedge Fund Index up 1.22% in December (+6.20% 2016)... [more]Hedge funds were up 1.22% in December according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index ended 2016 with a gain of 6.20%.
All but one of Barclay's 17 hedge fund indices gained ground in December. The European Equities Index led the way with a 1.96% gain, Global Macro
Lee Cooperman's Omega: 2017 is the year for stock pickers... [more]From Businessinsider.com: Another Wall Street investor expects a strong year for stock pickers. Leon Cooperman's Omega Advisors says active equity managers will be able to take advantage of increased volatility.
That's according to an investor letter from the equity-focused hedge fund dated Ja
New fee structure offers hope to besieged hedge funds... [more]From Institutionalinvestor.com: In late December the Teachers Retirement System of Texas sent ripples throughout the hedge fund industry after alternative investment consultancy Albourne Partners released a white paper disclosing a novel hedge fund fee model that it has been working on with the $133
Institutions - Milwaukee state pension fund's risky investments... [more]"Good news" read the text with a short article about how our pension funds grew 8.5%. My friend forwarded the article with a cryptic note, "apparently the lies keep working." In what seems to me to be an effort to get ahead of a bad story, the agency responsible for investing almost $100 billion in
Legal - SEC reviews bond trades by hedge funds, Devaney's firm... [more]From Bloomberg.com: U.S. securities regulators are reviewing a series of trades involving hedge funds and a Florida mortgage-bond dealer to see if they may have inflated prices for illiquid securities, according to people with knowledge of the matter. At issue, the people said, are trades between he
...And Finally - Talk about luck... [more]From BizarreNews.com: A California man whose two vehicles were both crushed by trees in different cities on the same day says he feels like "the luckiest guy."
Georgiy Karpekin said he was at Sacramento City College when strong winds swept over the area leading to an unfortunate discovery in