Opalesque Exclusive: Systematic trend following hedge fund switches engines with markets... [more]B. G., Opalesque Geneva: A strategy that claims to capture trends that many investment models don't, does so through an original two-engine system, where each engine can take over depending on the market. The Tahoe Fund, L.P., managed by Incline Investment Management, runs that s

Opalesque Exclusive: Private debt fundraising slows down... [more]Bailey McCann, Opalesque New York: Private debt fundraising seems to have hit a speed bump following a record-breaking 2021. New PitchBook data shows that private debt managers raised $82.0 billion across 66 funds globally in the first six months of the year, however, H1's total accounts for

Israeli-UK venture capital firm 83North raises $400m for its 11th fund... [more]Laxman Pai, Opalesque Asia: Venture capital firm 83North, which invests globally with four equal partners on the team, has closed a new $400 million fund. According to a statement from the London and Tel Aviv-based venture capital firm that it now has $2.2 billion under management. 83North

New hedge fund launches plunges to only 80 in 2Q22, lowest level since 4Q 2008: hedge fund news, week 36... [more]In the week ending September 30th 2022, the latest HFR Market Microstructure Report revealed that new hedge fund launches plunged to the lowest level since 4Q 2008 as the HFR

Macro hedge funds turn in banner year in volatile market... [more]From WSJ: Hedge funds that bet on macroeconomic shifts have been a rare bright spot in a dismal market, racking up their highest returns in years on the back of some of the biggest interest-rate and currency moves in decades. So-called macro firms such as Bridgewater Associates and Brevan Howard

More than $11bn exits hedge funds in August, Investors redeemed almost $7bn from hedge fund industry in July... [more] More than $11bn exits hedge funds in August From CIO: Net investment flow into hedge funds was negative $11.66 billion in August, according to a recent report from Nasdaq's eVestment. This marks the third consecutive month of negative net flows for the hedge fund industry. Industryw

Storm clouds on the horizon... [more]From Institutional Investor: For stock-oriented hedge fund investors, this will definitely be a September to remember - for all the wrong reasons. It could be the eve of disaster for hedge fund investors. As the stock market continues to free fall, many investors in stock-driven portfolios are

New Launches: Fort Point Capital closes Fund III at $340m hard cap, BNP Paribas AM launches biodiversity ETF... [more] Fort Point Capital closes Fund III at $340m hard cap Fort Point Capital announced the closing of its third private equity investment fund, FPC Small Cap Fund III, LP and FPC Small Cap Fund III-A, LP. Fort Point began fundraising in March 2022 with an initial target of $250 million and wa

Institutions turn to hedge funds of funds to diversify... [more]From PIonline.com: Hedge funds-of-funds managers are seeing modest interest and investment from asset owners as the global impact of inflation, rising interest rates, the reversal of monetary stimulus and higher volatility wreak havoc on global markets. Asset owners are seeking diversification

Institutional Investors: PennSERS preps 2 consultant searches, commits $225m, Texas Municipal Retirement posts -2.9% return for year ended June 30... [more] PennSERS preps 2 consultant searches, commits $225m From PIonline.com: Pennsylvania State Employees' Retirement System, Harrisburg, will search for a real estate consultant and general investment consultant in 2023, spokeswoman Pamela J. Hile said in an email. The $34.5 billion pensi

Investing: Odey steps up bet on fracking after UK government lifts ban, Joby Aviation can't hit production targets on time, according to short sellers' report... [more] Odey steps up bet on fracking after UK government lifts ban From FT: Odey Asset Management and a number of top funds committed to reducing greenhouse gas emissions have invested in British fracking company IGas Energy, as they take advantage of the UK government's decision to lift the ba

SPACs: Harley-Davidson spins off LiveWire in $1.8bn SPAC merger, SPAC liquidations and extensions create D&O insurance riddles, Singapore's Asia Innovations Group plans U.S. listing via $2.5bn SPAC merger... [more] Harley-Davidson spins off LiveWire in $1.8bn SPAC merger From STL Today: Harley-Davidson Inc. on Tuesday spun off its electric motorcycle division, LiveWire, in a SPAC deal creating the first publicly traded electric motorcycle company in the United States. New shares of LiveWire Gro

People: Pritzker Private Capital adds to investment team... [more]Opalesque Industry Update - Pritzker Private Capital, a leader in family direct investing, is pleased to announce that it has named Marisa Vavruska and Spenser Brown as Vice Presidents on its investment team. Ms. Vavruska and Mr. Brown will play integral roles in identifying and evaluating new o

Crypto: Quarter's big crypto bankruptcies revealed nearly $10bn owed to creditors, Bitcoin to surpass $12m by 2031 fuelled by collapsing dollar, says ex-hedge fund manager, Coinbase resolves problem that halted payments from US banks, 'Crypto paradise' Singapore stung by high-profile collapses... [more] Quarter's big crypto bankruptcies revealed nearly $10bn owed to creditors From WSJ: The cryptocurrency industry was plagued by the high-profile failures of once prominent players this quarter. Here's how much the firms owed their lenders. Celsius: $4.7 billion. When crypto lender Cel

Commodity: Oil is poised for a weaker rally after 'investor exodus' on strong dollar and recession fears... [more]From Business Insider: Goldman Sachs said it's still bullish on oil but slashed its price target on Brent crude to $100 a barrel from $125. The surging US dollar and weakening global demand are headwinds to oil prices, according to a note. But low levels of investment, spare production capacity,

U.S.: US dealmakers hope strong dollar will alleviate M&A drop, Wealthy use loophole to reap tax breaks - and delay giving away money... [more] US dealmakers hope strong dollar will alleviate M&A drop From FT: US mergers and acquisitions activity has dropped 40 per cent year on year in volume terms but dealmakers hope the strengthening dollar will drive a flurry of activity in the coming months as buyers snap up cheap assets in

Europe: Kwasi Kwarteng 'met hedge fund managers for champagne reception hours after mini-Budget', The British pound: A bull and a bear make their cases, UK pension fund crisis shows there is no capitalism without capital or risk... [more] Kwasi Kwarteng 'met hedge fund managers for champagne reception hours after mini-Budget' From Independent: Chancellor Kwasi Kwarteng reportedly met with hedge fund managers for a champagne reception just hours after his mini-Budget. The financiers are said to have egged on Mr Kwarten

Asia: Global funds find promise in Southeast Asia infrastructure deals, China's $5tn rout creates historic gap with Indian stocks, Hong Kong insurers look for safer bonds investments as recession looms... [more] Global funds find promise in Southeast Asia infrastructure deals From Financial Post: Buyout firms and asset managers are moving in on billions of dollars of infrastructure assets across Southeast Asia, lured by the sector's growth prospects and stable, long-term returns, bankers and an

PE/VC: Large-scale investors flock to venture debt's 'phenomenal returns', Private equity turns to small add-ons for profits, Can PE ride the UK's race to the bottom?, Meet the 20 trailblazing women in private equity... [more] Large-scale investors flock to venture debt's 'phenomenal returns' From Pitch Book: John Markell, a managing partner at venture debt advisory firm Armentum Partners, has spent years helping several alternative asset management heavyweights expand their businesses to venture lending.

Study: The IPO market is on track for its worst performance in 30 years, Red flags in private credit markets as macro conditions increase pressure... [more] The IPO market is on track for its worst performance in 30 years From Institutional Investor: Move over crypto, meme stocks, and SPACs - the IPO market is also in the tank. The third quarter of 2022 was the worst one for initial public offerings in more than a decade, according to a new

ESG: UK: Regulator urges trustees to prepare for new climate reporting rules, Carbon footprint of FTSE100 pensions higher than their company emissions, Impact funds in GOP firing line, ESG hedge fund adviser says... [more] UK: Regulator urges trustees to prepare for new climate reporting rules The Pensions Regulator (TPR) is urging trustees of pension funds to make sure they are prepared for changes to climate reporting regulations coming into force on 1 October, as it published updated guidance. Trust

Activists: Disney, activist investor agree to a standstill as entertainment giant adds tech executive to board, Rocky Mountain Chocolate Factory takes board battle to court... [more] Disney, activist investor agree to a standstill as entertainment giant adds tech executive to board From WSJ: Walt Disney Co. said it has added Carolyn Everson, a veteran technology and media executive, to its board of directors one month after activist investor Dan Loeb sent a letter to

News Briefs: Goldman's Petershill, Hunter Point near SLR Capital stake deal, Credit Suisse reassures investors over bank's financial strength, Some ultra-wealthy are buying high-end art for their yachts... [more] Goldman's Petershill, Hunter Point near SLR Capital stake deal From Bloomberg: Goldman Sachs Group Inc.'s Petershill unit and Hunter Point Capital agreed to acquire a minority stake in credit-focused asset manager SLR Capital Partners, according to people with knowledge of the matter.

And, finally: Football breaks another record... [more]From BizarreNews: Portuguese soccer legend Luis Figo and a team of international players put their skills to the test in zero gravity to break a Guinness World Record for a high altitude game of soccer. The Guinness World Record attempt, organized by Mastercard, saw Figo and a team of players f