Trendrating launches new technology to grade portfolio momentum... [more]Matthias Knab, Opalesque: Following news that 86% of European active equity funds and 82% of large-cap US equity funds underperformed their benchmark over the last decade, Trendrating have now released Portfolio Momentum Rating technology as part of its platform to help fund managers reduce portf
SEC sanctions Apollo $52.7m for misleading expense disclosures... [more]Matthias Knab, Opalesque: From Sglawyers.com: The SEC sent a message to the private equity industry that it will severely punish managers for expense allocation conflicts of interest by sanctioning Apollo Management $52.7 million for misleading disclosures about portfolio monitoring fees. The SE
Hedge funds’ information advantage: Reading the news... [more]From AI-CIO.com: In the never-ending hunt for alpha, hedge funds are seeking an information advantage from what is perhaps an obvious source: the news. Of all finance professionals, hedge fund managers are among the fastest and most active consumers of news—and the most likely to trade based on what
EU tax decision on Apple and what it means for Ireland... [more]From PwC: Yesterday the European Commission (EC) announced its final decision on the formal State aid investigation into the corporate tax arrangements of Apple in Ireland.
Ireland has been instructed to recover up to €13 billion of State aid from Apple covering a ten year period. In response
Legal - Visium hedge fund informant recorded 125-plus conversations... [more]From Bloomberg.com: A former trader-turned-informant secretly recorded more than 125 conversations with ex-colleagues at hedge fund firm Visium Asset Management LP, according to a court filing. The informant, previously identified by Bloomberg News as junior trader Jason Thorell, spent more than two
People - KKR announces several changes to Asian private equity leadership... [more]From PIOnline.com: David Liu and Julian Wolhardt, members in KKR & Co.'s Asia private equity business, are leaving the alternative investment firm at the end of 2016 to form a new China-focused investment firm, confirmed sources close to the firm.
Ming Lu, a KKR member and co-head of KKR's Asi