Opalesque Roundtable: The Bahamas edges closer to new investment funds regulation... [more]Bailey McCann, Opalesque New York: By the end of this year, investment rules in the Bahamas could look a lot different. Delegates at the recent Opalesque Bahamas Roundtable noted that the government is looking at updates to the Commonwealth's Investment Funds Act.
Policymakers in the Baha
Hedge fund Pelorus Jack Capital said to close after one year... [more]From Bloomberg: Pelorus Jack Capital, a long-short equity hedge fund started by an alum of John Burbank's Passport Capital, is shutting after about a year of trading, according to people with knowledge of the matter.
The firm raised almost $250 million when it started trading in April 2017, accor
Hedge Funds lose $1.9 billion in April as outflows rise... [more]Hedge fund investors turned cautious in April 2018, according to the Barclay Fund Flow Indicator, even as the equities markets rebounded and volatility began to calm down. Industry assets leveled off at an all-time high of $3.0 trillion.
Data drawn from more than 5,000 hedge funds in the BarclayH
Hedge fund Winton spins out its big data unit... [more]From the FT: Hivemind was created to clean up and analyse complex data for use by traders
David Harding, founder and chief executive of Winton, says Hivemind is looking for clients beyond his hedge fund
Winton, one of the largest quantitative investing firms in the world, is spinning off its
Billionaire Howard Marks thinks the future of investing contains fewer people... [more]From Bloomberg: Billionaire Howard Marks said the rise of index funds and computer-driven trading are reducing the role of people in the markets but creating room for a select few money managers to excel.
In a 17-page memo Monday, the co-chairman of investment firm Oaktree Capital Group LLC analy
Lawrence Summers warns developed countries badly equipped for another recession... [more]From Bloomberg: Summers says main focus for central banks is growth, not inflation
Former U.S. Treasury Secretary Lawrence Summers warned that developed countries are badly equipped for another recession, both economically and politically, and central banks should be wary of raising interest rat
Hedge fund advice didn't wreck Kentucky pension system, advisers say... [more]From Courier Journal: Money managers who sold hedge fund investments to the Kentucky Retirement Systems say their investment advice was transparent and sound, and they've asked that a lawsuit accusing them of misrepresentation and conspiracy be dismissed.
Late Friday, attorneys for big hedge
Sears, Kmart stores ailing as CEO Eddie Lampert's hedge fund gets hundreds of millions... [more]From USA Today: When he became CEO of Sears Holdings, Eddie Lampert declared he was on a mission to restore the iconic retailer to its former glory. Since then he's extended billions of dollars in loans from his hedge fund to Sears and Kmart.
But the difference between what Sears has investe
Europe - UK as 'third country' is a worry for asset management professionals... [more]From the FT: PwC audience shares doubts over equivalent framework after Brexit
Robert Mellor of PwC: "Equivalence does not look to be the answer"
More than four out of five asset management professionals believe that Brexit will affect their ability to serve European clients if the UK becomes
An 'investing revolution' ... but what happened to absolute return funds?... [more]From Irish Times: Launched some 10 years ago, absolute return funds were supposed to revolutionise investing. Touted as the panacea to risky equity funds or expensive capital protected bonds, regardless of market conditions, these funds were structured to deliver a positive return.
However, perfo
And finally: Urgent call to check any old shoeboxes in your attic... [more]From Reuters: An 18th century Chinese vase found in a shoebox in an attic in France sold for 16.2 million euros ($19 million) at auction in Paris. The price was more than 20 times the estimate of 500,000 euros to 700,000 euros auctioneers Sotheby's had put on the item. It was the highest price reac
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Benedicte Gravrand, Opalesque Geneva: Bill Michaelcheck, founder and CIO of Mariner Investment Group, an alternative asset manager headquartered in New York, believes the market has turned a corner and that volatility is here to stay. Now is a good time for fixed income investors to do arbitrage bet..
