Three quant lessons from COVID-19... [more]Laxman Pai, Opalesque Asia: Many quantitative firms have suffered substantial losses as a result of the COVID-19 selloff.
In this note, Prof. Alexander Lipton and Marcos Lopez de Prado highlight three lessons that quantitative researchers could learn from this episode.
The Standard and Poo
Hedge fund manager Nicolai Tangen to lead Norway's sovereign wealth fund... [more]Laxman Pai, Opalesque Asia: The new chief executive for Norway's $930 billion sovereign wealth fund is Nicolai Tangen, until now chief executive of investment firm AKO Capital, a little-known Norwegian hedge fund.
The world's largest sovereign wealth fund of its kind said in a press release t
Tailwater Capital wraps up $1.1bn fourth fundraise... [more]Laxman Pai, Opalesque Asia: The Dallas-based private-equity firm Tailwater Capital has raised $1.1 billion for its fourth flagship energy-infrastructure fund.
Since the firm's inception in 2013, Tailwater has raised more than $3.7 billion across its funds.
The team, led by founding partn
Evanston Capital Management buys out TA Associates stake... [more]Laxman Pai, Opalesque Asia: The private equity manager TA Associates has exited an investment in hedge fund investor Evanston Capital Management (ECM).
The alternative investment management firm with approximately $3 billion of assets under management Evanston Capital has officially confirme
The race for artificial intelligence: The US remains top acquirer in the world.... [more]Laxman Pai, Opalesque Asia: The US-based tech giants dominated the list of top five acquirers (by number of acquisitions) in the artificial intelligence (AI) tech space during 2015-2019, said a study.
According to GlobalData, of the top five acquirers, four positions were occupied by companies
Man Group seeks reward as defaults set to spike on virus... [more]From Bloomberg: A dramatic increase in defaults during the next year due to the coronavirus will create a big opportunity for distressed debt investors, according to the world's biggest publicly listed hedge fund firm.
Money managers at Man Group Plc are intrigued by what they say could be the l
CTAs emerge as only alts strategy to post positive returns in March... [more]From City Wire: Alternative strategies suffered a torrid time over the March market collapse, with CTAs being the only area to post a marginal positive gain, according to research by Lyxor.
This was in a March market update from the Lyxor Cross Asset Research team, which included senior strategi
Hedge fund investor Brummer says Bodenholm Capital to shut... [more]From Reuters: Swedish hedge fund manager Bodenholm Capital, which manages 5.1 billion Swedish crowns ($511.2 million), is shutting down and returning capital to investors, a statement on the website of one of its core investors, Brummer & Partners, said on Thursday.
The shuttering of Bodenholm i
Stocks post third straight gain with stimulus near... [more]From Bloomberg: U.S. stocks rallied again as investors speculated that the $2 trillion rescue package poised to pass Congress will blunt the coronavirus pandemic's toll on the economy. Treasuries held gains and the dollar fell.
The S&P 500 closed near session highs, posting its first three-day r
Commodity: A $1.2bn fund makes the case for gold... [more]From Barrons: Matthew McLennan owns gold bullion because the future-now more than ever-is uncertain. "If we knew what the future held, we'd probably have either all equities or all gold. But to recognize the limits of your knowledge is an important reason to own gold," says McLennan, co-portfolio ma
Tech: 'Elite hackers' thought behind cyber attack on World Health Organization... [more]From Forbes: The World Health Organization (WHO) plays a vital role during the coronavirus pandemic. Abhorrent hackers don't give two hoots as cyber attacks against the WHO double.
The World Health Organization is a vital hub for advice, research, factual reports and response coordination during
Legal: Former CEO of Africa's biggest fund manager fights probe findings... [more]From PIonline.com: Daniel Matjila, the former CEO at the center of a damning report into Africa's biggest fund manager, said he plans to clear his name by addressing its findings in a series of public disclosures.
The investigation into South Africa's Public Investment Corp., led by a retired ju
And, finally: Putting two and two together... [more]From AP: Sage Aaron Cummins, 24, of Gallup, New Mexico, woke up one recent morning and found he had two TVs in his room that had not been there the day before. Two days later, he found out an acquaintance was missing two TVs and put two and two together.
According to Gallup police, Cummins retu
Already in 2012, one of Madonna's concert promoters, Alvaro Ramos, confessed that: "We have to take extreme care, like I have never seen for any other artist. We cannot even look at the dressing room, after it is ready, or even open the door. We can only enter after her sterilization team has left the room. There will not be any of Madonna's DNA, any hair, or anything. They will clean up everything. I do understand it, but it is taken to extremes."
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Kevin Burrows, founder and CIO of Miami-based asset manager Blue Mahoe Partners, views the Caribbean as an overlooked frontier market: "Frontier markets are all in the news but most investors still look at the Caribbean region as a lot of hotels and beaches. We want t..
