Other Voices: SEC changes dollar threshold for qualified clients... [more]By: Manas Kumar, Eileen Overbaugh
What You Need To Know:
Effective August 16, 2021, the Assets-Under-Management Test will increase to $1.1 million, and the Net Worth Test will increase to $2.2 million.
On June 17, 2021, the U.S. Securities and Exchange Commission issued an order (SE
Hedge fund assets near $4tn... [more]Laxman Pai, Opalesque Asia: Worldwide aggregate hedge fund assets reached an estimated $3.96 trillion as of June 30, an increase of $360 billion from the start of the year said a report.
According to HFR Global Hedge Fund Industry Report, the total hedge fund industry capital accelerated throu
Ten worst performing hedge funds... [more]From Value Walk: The Hedge Fund industry continues to exhibit robust performance, both in terms of return and asset flows, in 2021. However, this doesn't mean that all hedge funds were able to earn a return (or above average) for their investors.
Let's take a look at the ten worst performing
SS&C GlobeOp Forward Redemption Indicator: July notifications 1.81%... [more]SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68%, up from 2.46% in May.
"SS&C GlobeOp's Forward Redemption Indicator for July 2021 of 1.81% reflects a very favorable level of redemptions," said Bill Stone,
Ex-Barclays tax trader Mannan emerges at hedge fund autonomy... [more]From Bloomberg: Sadat Mannan, who led a desk at Barclays Plc that made hundreds of millions of dollars from tax-avoiding transactions before leaving last year, has found a new booming market at hedge fund Autonomy Capital Research LLP.
Mannan, 41, helps lead the fund's trading in derivatives
Investing: Elon Musk reveals the 5 big investments that fuel his more than $160bn net worth... [more]From Business Insider: Elon Musk's net worth of more than $160 billion makes the Tesla CEO the second richest person on Earth, just behind Amazon founder Jeff Bezos. At a bitcoin-focused conference on Wednesday, Musk revealed the 5 big investments that fuel his massive wealth.
Unsurprisingly,
Commodity: Hedge funds rush to profit off China's commodity price battle... [more]From Bloomberg: When China's government started paying more attention to surging commodity prices a few months back, hedge fund manager Richard Lee's trading models told him a correction was imminent.
Inventories of reinforced steel bars, a key construction material, started rising before the
M&A: IQ-EQ acquires Davy Global Fund Management... [more]Opalesque Industry Update - IQ-EQ has announced it has acquired Davy Global Fund Management, one of Ireland's largest domestic financial services businesses.
This is IQ-EQ's third acquisition this year, following on its April acquisition of US-based Concord Trust Company and January acquisitio
SWF: Singapore's wealth fund posts highest rate of return in 6 years,... [more]Singapore's sovereign wealth fund posted its highest rate of return in six years and expressed caution over rising inflation and a potential deterioration in the coronavirus pandemic.
GIC reported an annualised 20-year real rate of return, its main performance metric, of 4.3 per cent for the
Property: A new secondary market is rising out of pandemic-fueled changes to real estate... [more]From Institutional Investor: A still-fledgling secondary market for private real estate funds is getting a big push forward from institutional investors eager to invest in newly hot areas of real estate and sell off other, less desirable parts of the sector.
"Secondaries are really coming into
U.S.: Manhattan's most expensive listing just hit the market for $169m... [more]From Market Watch: The top floor of the controversial Manhattan supertall known as "432 Park Avenue" hit the market Monday asking $169 million, earning the rank of Manhattan's most expensive listing.
The six-bedroom, seven-bathroom, two-powder-room penthouse sits on the 96th floor of a "toothp
Europe: Outsized European bond orders shrink after hedge fund crackdown... [more]From Reuters: European governments' efforts to stamp out outsized bids from hedge funds at bond sales appear to be bearing fruit, with order books for the most recent issues showing a steep decline from levels seen at the start of this year.
Reuters reported in April that huge bids for new bon
Study: Demand for institutional asset management distribution set to return to pre-pandemic levels... [more]Opalesque Industry Update - As institutional asset managers create their "new normal," in-person interaction and head count for specialist sales roles are expected to increase, according to Cerulli's latest report, U.S. Institutional Marketing and Sales Organizations 2021: Finding the New Normal in
Manager Profile: Inside the rise of Schonfeld's 34-year-old hedge fund CEO... [more]From Business Insider: In high school, Ryan Tolkin was trading securities at a billionaire's family office. In college, he was presenting his volatility research to a global asset manager. Now, at 34, the Long Island native is running the $8.8 billion hedge fund Schonfeld Strategic Advisors as its c
Legal: Hedge fund manager accused in $4.6m COVID-19 scam held on $500k bail... [more]From NY Post: A hedge fund manager charged with 33 counts of grand larceny and fraud for allegedly stealing millions of dollars in COVID-19 Paycheck Protection Program loans was ordered held on $500,000 bail at his Manhattan Supreme Court arraignment Wednesday.
Gregory Blotnick, 33, allegedly
News Briefs: Anchorvest Capital joins AI Global Investors' investment management platform... [more]Opalesque Industry Update - Asset management firm AI Global Investors (USA) LLC (AI) announced the onboarding of Anchorvest Capital to AI's New York-based asset management platform.
The Anchorvest team members bring broad-ranging expertise including investment banking, fixed income, mortgage-
And, finally: DIY gone too far... [more]From News of the Weird: Philadelphia police recently impounded a car with a technological innovation that might just take off: a license plate equipped with a remote-control flipper, which allows a driver to foil the red-light cameras placed around the city.
Capt. John Ryan told WPVI-TV that
Welcome to the sixth issue of Opalesque's Horizons: Family Office & Investor Magazine - the new issue is attached as PDF and also available as ePUB at the link below.
Aubrey de Grey is one of the world's leading bio-gerontologists and widely known advocate of the provocative view that medical technology will one day all
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.
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B. G., Opalesque Geneva: Africa is the fastest-growing continent on the planet. From 2000, according to the World Economic Forum, "half of the world's fastest-growing economies have been in Africa." By 2030, more than 40% of Africans will belong to the middle or upper classes, increasing demand ..
