Opalesque Exclusive: Albright Capital puts a value lens on emerging markets... [more]Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe
Barclays and BAML MDs kick-start new hedge funds... [more]From eFinancialcareers.com: Senior investment bankers and managing directors within firms' markets functions are increasingly deciding to go it alone. After decades of experience working for a bulge bracket bank, many are deciding it's better to be their own boss. The latest examples come out of Bar
Computer error? Top trend following hedge funds lose out in 2017... [more]From Reuters.com: Big computer-driven hedge funds such as AQR Capital Management, Aspect Capital and Two Sigma lost money in the first seven months of 2017, with human stock-pickers making better returns. The average hedge fund made 4.8 percent from the start of the year to July 31, Hedge Fund Resea
Eurekahedge Hedge Fund Index up 0.88% (est.) in July and 4.27% YTD... [more]Hedge funds were up 0.88% in July (based on preliminary numbers) with 2017 year-to-date gains coming in at 4.27%, reports hedge fund data provider Eurekahedge. Roughly 73% of fund managers are in positive territory year-to-date while almost 15% have posted double digit gains.
Other key highlig
FinTech - Danger: Crowdfunding on the wrong platform could force you to go public... [more]From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company.
The emergence of eq
David Tepper says we're 'nowhere near an overheated' stock market... [more]From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la
Hedge funds start to face up to extreme gender imbalance... [more]From FT.com: Women control less than 1 per cent of the $3tn in assets managed in the hedge fund industry. Male portfolio managers outnumber women by 20 to one. These stark figures underscore the severe gender imbalance among hedge funds executives, even as other parts of the financial services indus
Regulatory - MAS seeks to regulate initial coin offerings for potential money laundering risk... [more]The Monetary Authority of Singapore (MAS) is assessing how money laundering and terrorist financing risks associated with activities involving digital tokens that do not function solely as virtual currencies should be regulated. MAS recently clarified that digital tokens structured as securities and
Asia - Hedge fund betting on 70% yuan devaluation digs in amid gain... [more]From Gulfnews.com: Kevin Smith may not be the most famous China bear around, but he's certainly one of the most persistent. Despite watching his bets against the Chinese currency and stock market backfire since March 2016, the Denver-based founder of Crescat Capital is as sure as he's ever been that
People - Silicon Valley keeps losing top talent to quant hedge funds... [more]From eFinancialcareers.com: Hedge funds are quietly courting some of the top technologists and quants in Silicon Valley, offering them six-figure starting salaries - or million dollar packages - but they remain something of an enigma. "An engineer at Google is one of 10k at the Mountain View office,
Short Selling - Hedge fund manager warns on 'partying,' shorts metal stocks on China slowdown... [more]From Theglobeandmail.com: Crispin Odey, the hedge fund manager who has stuck to bearish bets despite booming global markets, is shorting metal stocks in anticipation of slowing economic growth in China. Miners from Glencore Plc to BHP Billiton Ltd. have jumped since late June, along with the prices
News Briefs - Mooch 2024? Scaramucci inquiry suggests political hopes... [more]For reasons that are still unclear, short-lived White House communications director Anthony Scaramucci appears to be trying to scoop up Internet domains of the type commonly used for presidential campaign websites. A representative of Scaramucci's recently contacted Luke Thorburn, a former Goldman S
...And Finally - Least competent criminals... [more]From Newsoftheweird.com: Three heads are apparently not better than one, as three China Grove, North Carolina, masterminds demonstrated on July 12. Rex Allen Farmer, his son, Rex Carlo Farmer, and the younger man's girlfriend, Kayla Nicole Price, cooked up a scheme to rob the Mooresville gas station
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Benedicte Gravrand, Opalesque Geneva for New Managers: Monica Fuentes, a Goldman Sachs alumni who also used to run a $6bn global macro hedge fund at London-based Comac Capital, will now manage O'Brien Investment Group (OBIG)'s first hedge fund. The OBIG Discretionary Global Macro Fund will o..
