Opalesque Exclusive: Investors stick with private credit... [more]Bailey McCann, Opalesque New York: Private credit continues to grow as investors of all types hunt for yield, according to a new survey from The Alternative Credit Council (ACC) and global law firm Dechert. However, as more money moves into the asset class, it's likely risk-taking will increa

Appetite for private equity grows in Japan, offering managers "huge" opportunity... [more]Laxman Pai, Opalesque Asia: The private equity (PE) market in Japan is enjoying a healthy period of growth, and investment opportunities are abundant, says Preqin. As the appetite for private equity continues to grow among the universe of investors in Japan - spearheaded by maiden investments

$14.7bn redeemed from hedge funds in September while managed futures find inflows... [more]Opalesque Industry Update - The hedge fund industry's redemption trend continued in September as a fourth straight month of net outflows saw monthly redemptions increasing to $14.7 billion. September's redemptions represented 0.5% of hedge fund industry assets and were up from August's $11.3 bil

Hedge funds struggle as stocks keep behaving like bonds... [more]From FT: Shalin Madan is nervous. After his investment firm Bodhi Tree Asset Management had a tough October, he pored over the market runes. What he saw scared him enough to switch off his automated trading models. Fort Lauderdale-based Bodhi is a small quantitative firm with just $12m under man

New Launches: CAVU Ventures announces close of third fund at $250m, San Diego-based Founders First Capital Partners gets $100m for revenue-based fund, Notz Stucki partners with Kepler Cheuvreux to launch European equity fund, US property manager LaSalle launches first Japan-focused private fund, GHO Capital raises $1.08bn in largest ever European private equity healthcare fund, NovaQuest Capital closes $275m in its dedicated private equity fund... [more]CAVU Ventures announces close of third fund at $250m CAVU Venture Partners, one of the leading "better-for-you" consumer goods investment firms started by brand builder and ABC Shark Rohan Oza and former hedge fund veteran Brett Thomas, today announced the closing of their third flagshi

Institutional Investors: Maryland State Retirement allocates $345m to 4 managers, Denmark's $450bn pension fund industry gets wake-up call, World's largest pension fund keeps analysts in dark on portfolio, BT Pension calls on Hermes GPE to manage private equity portfolio... [more]Maryland State Retirement allocates $345m to 4 managers From PIonline.com: Maryland State Retirement & Pension System, Baltimore, invested or committed $345 million to four managers in September and October, according to documents from its Tuesday board meeting. In private equity, t

Investing: The best-performing hedge funds are piling into these financial shares, You don't need to pick the stocks, Hedge fund innovator Joseph Edelman doubles down on 3 biotech stocks... [more]The best-performing hedge funds are piling into these financial shares From CNBC: Bank stocks may seem far from hedge fund darlings, but some of the best and under-the-radar managers in the industry are doubling down on them. Every quarter, investors get a glimpse into an otherwise

People: Neuberger Berman brings on specialist risk-premium investment team, Hamilton Lane promotes 3 to global investment team, Maples Group expands fiduciary services team... [more]Neuberger Berman brings on specialist risk-premium investment team Neuberger Berman, a private, independent, employee-owned investment manager, announced that Maarten Nederlof will join as Head of Portfolio Solutions (Americas) for the Quantitative and Multi-Asset Class Investments (QMA

Crypto: Singapore moots regulated trading in cryptocurrencies, Beijing embraces cryptocurrency, but only its own... [more]Singapore moots regulated trading in cryptocurrencies From Zdnet: Singapore is exploring plans to allow payment token derivatives, such as Bitcoin and Ether, to be traded on local exchanges and for such activities to be regulated. The move aims to address international investor interest

Hedge fund Alden becomes Tribune's largest shareholder, The awful truth beneath Trib Publishing's hedge fund deal, A hedge fund comes for another newsroom... [more]Hedge fund Alden becomes Tribune's largest shareholder From Star Tribune: Hedge fund Alden Global Capital is now the largest shareholder of Tribune Publishing, the company that owns the Chicago Tribune, Baltimore Sun and New York Daily News. Alden, a hedge fund known for layoffs and

U.S.: Senators try, try again to fix pension funds... [more]From WSJ: Senate Republicans unveiled a plan Wednesday to stabilize the failing pensions of 1.3 million miners, truckers, and other workers and retirees, setting the stage for a battle with House Democrats, who approved their own version of a fix over the summer. The workers and retirees belong

Europe: More UK funds run by men called 'David' than women, European start-ups score record funding in 2019 - but most of it still goes to all-male teams... [more]More UK funds run by men called 'David' than women From City Wire: Investors in UK funds are more likely to have their money managed by a man called David than a woman, according to Morningstar research. Looking at a dataset of 1,496 UK-listed funds, Morningstar found that 7.2% were ove

Asia: Mainland Chinese investors pile into Hong Kong despite unrest, Tokyo Stock Exchange eyes 'prime' market for global blue chips... [more]Mainland Chinese investors pile into Hong Kong despite unrest From WSJ: Investors from mainland China have plowed nearly $20 billion into Hong Kong's stock market in less than six months, focusing on cheap valuations despite long-running unrest. Cumulative net purchases through the

PE/VC: How private capital could provide 'triple win' for infrastructure, Private equity: Looking at Southeast Asia's promising tech businesses... [more]How private capital could provide 'triple win' for infrastructure From City Wire: The US's ailing infrastructure should not be this hard to improve and there is a real opportunity for private capital to step in and fill a major void, according to Cohen & Steers's president. While th

Study: Private credit assets continue their rapid growth, but interest is cooling in U.K., The tension over taming private credit, Equities back in favor for sovereign investors in third quarter... [more]Private credit assets continue their rapid growth, but interest is cooling in U.K. From Market Watch: Private credit funds' interest in the U.K. market is cooling, as managers seek growth opportunities in the U.S. and Europe, according to a new report. Half of respondents to a survey by

ESG: Schroders to fully integrate ESG into funds by end-2020, CFA UK offers first ESG qualification for would-be fund managers... [more]Schroders to fully integrate ESG into funds by end-2020 From Reuters: British asset manager Schroders (SDR.L) said on Wednesday it would fully integrate environmental, social and governance analysis across all of its fund assets by the end of 2020. At the moment, around 230 billion

Legal: Former Och-Ziff executive sentenced to prison, Peter Nygard faces jail after spat with hedge fund founder Louis Bacon, FCA fines Henderson for "unfair" treatment of retail investors... [more]Former Och-Ziff executive sentenced to prison From WSJ: A former top executive of Och-Ziff Capital Management was sentenced to three months in prison after pleading guilty in May to making a false statement to the Federal Bureau of Investigation. The case against Michael Leslie Cohe

Activists: Trucker's recovery under Elliott Management takes the long road, Is US hedge fund titan right to bet against eurozone?... [more]Trucker's recovery under Elliott Management takes the long road From WSJ: Hedge fund Elliott Management Corp. took on Roadrunner Transportation Systems Inc. as a fixer-upper when the trucker was struggling financially even while a broad boom in shipping demand was forming that would lif

News Briefs: PayPal to buy online rewards platform Honey for $4bn, Veteran investors launch Eighteen48 Partners, a next-generation private investment office, with $600m of initial assets under management... [more]PayPal to buy online rewards platform Honey for $4bn From Fine Extra: PayPal has agreed its largest ever acquisition - a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals. Founded in

And, finally: Hotel room costs $1, but it's livestreamed at all times... [more]From UPI: A Japanese hotel offers a room that costs only $1 per night, but there's a catch - the guest's entire stay is livestreamed on YouTube. Tetsuya Inoue, who took over the Asahi Ryokan hotel in Fukuoka from his grandmother last year, said he was looking for ways to boost business and was insp