Opalesque Exclusive: Institutions remain upbeat about private credit... [more]Bailey McCann, Opalesque New York: New data from AIMA's Private Credit Council shows that investors are still largely pleased with private credit as an asset class despite some initial pandemic related caution. 84% of investors surveyed were satisfied with how private credit performed in

Tikehau collects $728m for European Special Opportunities II... [more]Laxman Pai, Opalesque Asia: The global alternative asset management group Tikehau Capital has raised EUR 617m ($728m) for its second European Special Opportunities fund (TSO II), surpassing the fund's EUR 500m target. "TSO II thus exceeds initial target by almost 25% and four times the am

Azimut Alternative Capital to buy a stake in U.S. private credit investment manager Pathlight... [more]Laxman Pai, Opalesque Asia: European leading asset manager Azimut Holding said that its U.S. subsidiary Azimut Alternative Capital Partners (ACCP) had struck a deal to buy a minority stake in U.S. private credit investment manager Pathlight Capital. The terms of the deal were not disclosed. B

What's ailing Edelman's Perceptive Advisors?... [more]From Institutional Investor: It has been a rough year for Perceptive Advisors. The life sciences specialist's hedge fund is down significantly this year - and its recently merged SPAC is also underwater. The life sciences specialist headed by Joseph Edelman posted nearly a 21 percent loss in its

New Launches: Apollo investors look past Black-Epstein tie to back impact fund, Leeds Equity closes in on $1.25bn for its seventh buyout fund, Schroders Capital surpasses $389m for its fifth European infrastructure senior debt fund, Neuberger Berman closes NB Private Equity Impact Fund at nearly $280m, HSBC AM launches fintech venture capital strategy, Slate rounds up close to $600m for first credit fund, Trifecta Capital raises $130m for close of VC fund, Lumira Ventures closes on $255m of new capital to build transformative healthcare companies... [more] Apollo investors look past Black-Epstein tie to back impact fund From Bloomberg: The backlash against Apollo Global Management Inc. over Leon Black's ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social

Anne Dias returns to money management with new long-short fund, BlackRock scraps multi-strategy fund as assets dwindle... [more] Anne Dias returns to money management with new long-short fund From Bloomberg: Hedge fund veteran Anne Dias is planning to manage outside money again. Dias, 50, began fundraising last month for a long-short strategy to be managed by her Aragon Global Management. The New York-based

Investment trusts are reaping the rewards from interest in alternative assets and EM... [more]From Investment Week: Through a period of economic volatility, investment trusts have proven their attraction to investors. They have out-performed alternative options such as open-ended funds over recent years, and their structural strength has been clearly demonstrated in the face of Covid-19.

Institutional Investors: Institutional investors planning more indexing in fixed income, Pension funds should look to emerging markets, says chief of UN agency S3i... [more] Institutional investors planning more indexing in fixed income State Street Global Advisors, the asset management business of State Street Corporation announced the results of a global survey that shows institutional investors have an increased appetite for indexed fixed income strate

Investing: Tiger Global: The technology investor ruffling Silicon Valley feathers, Addepar raised $150m from hedge fund D1... [more] Tiger Global: The technology investor ruffling Silicon Valley feathers From FT: For the first 15 years of running Tiger Global Management, Chase Coleman wore a suit every day in the hopes that investors would look past his inexperience. Today, his firm faces a different kind of reputat

SPACs: Cash-hungry emerging markets arrive late to the SPAC party, Psst! Paul Glazer is the true king of SPACs, Lucid Motors SPAC: Tesla rival goes public, Why Jam City canceled its $1.2bn SPAC, Ad-tech company AdTheorent nears $1bn SPAC deal to go public... [more] Cash-hungry emerging markets arrive late to the SPAC party From Reuters: Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in

Crypto: Hedge funds seek the Amazon of Cryptocurrencies, Goldman asset-management arm files to offer a crypto-related ETF, Elon Musk's Tesla holds its $1.3bn Bitcoin position in Q2, FCA warns investors over CoinBurp crypto launch... [more] Hedge funds seek the Amazon of Cryptocurrencies From Bloomberg: During a gold rush, invest in shovel makers, goes the adage. That's precisely what hedge funds looking to get in on the excitement around cryptocurrencies are doing with a flurry of investments in platforms created to buy,

M&A: Aon, Willis Towers scrap $30bn merger amid antitrust impasse, M&A alone not enough to save fund managers, says Amundi chair... [more] Aon, Willis Towers scrap $30bn merger amid antitrust impasse From WSJ: Aon PLC and Willis Towers Watson PLC abandoned a more than $30 billion tie-up to create the world's largest insurance broker, deciding it wasn't worth pursuing in the face of Justice Department opposition to the mer

Commodity: Oil prices retrench on massive hedge fund sales... [more]From Reuters: Portfolio managers sold petroleum last week at one of the fastest rates for a decade, after an upsurge in coronavirus cases and an OPEC+ agreement to boost output caused them to reassess the likelihood of further price increases. Hedge funds and other money managers sold the equiva

Tech: AR overtakes AI to become the most disruptive emerging technology... [more]Augmented reality (AR) has replaced artificial intelligence (AI) as the most disruptive emerging technology, according to a survey by GlobalData. GlobalData's latest report, 'Emerging Technology Sentiment Analysis Q2 2021', reveals that 70% of industry professionals surveyed stated that AR would

U.S.: AQR bond quant's 'sacrilegious' view: Look beyond Fed's policy, The contentious revamp of US insider trading laws... [more] AQR bond quant's 'sacrilegious' view: Look beyond Fed's policy From Bloomberg: AQR Capital Management's co-head of fixed income set out to make clear what causes longer-term bond yields to rise and fall -- one of the most pressing concerns for traders as of late. What Jordan Brook

Asia: Sustainable products take root in Asia, China pensions starved of alternatives to stabilise returns, MAS chief hints at wealth tax in Singapore... [more] Sustainable products take root in Asia Environmental, social, and governance (ESG) investing hit a milestone in Asia last year. While incorporation of ESG factors in investment processes has received growing acceptance among Asia's largest institutional investors and wealthy investors

PE/VC: Brexit sparks private equity bidding wars in UK, Private equity relying more on private debt... [more] Brexit sparks private equity bidding wars in UK From PE News: US buyout firms are bidding for UK publicly-listed companies at a faster rate than they have in years. The reason: post-Brexit Britain is one of the few markets where investors think big assets are going for cheap. Buyou

Family Offices: Investors look to multi-family property as home prices soar... [more]Asset owners and fund managers intend to invest more into multi-family real estate across Asia and the US, as more young people forced to rent instead of buying expensive houses. Asset owners and fund managers are becoming increasingly eager to invest into multi-family housing, particularly in A

ESG: Next climate summit inspires early movers, IOSCO issues consultation report on ESG ratings, data providers, Why investors shouldn't compare ESG fund apples to broad index oranges... [more] Next climate summit inspires early movers From PIonline.com: As expectations build for the pivotal United Nations climate-change conference this fall, many asset owners, managers and regulators are not waiting to take action. The goal of what is known as the COP26 summit beginning

Manager Profile: The fabulous life of Dan Loeb... [more]From Business Insider: The hedge fund manager was born on Dec. 18, 1961. (He definitely looks younger than 51). Loeb, the son of Ronald and Clare Spark Loeb -- a lawyer and a historian, respectively -- grew up in sunny Santa Monica, Calif. Loeb, who's still known for his big mouth, had to hire a

Legal: Vornado goes after infamous Archegos hedge fund for $160K in missing rent... [more]From Crains: Vornado Realty Trust 888 Seventh Ave. An infamous hedge fund that recently collapsed in spectacular fashion is now facing a missing rent lawsuit from Vornado Realty Trust. The real estate investment firm has sued Archegos Capital Management for approximately $160,000 worth of unpai

Regulatory: Regulators turn spotlight on company sustainability ratings... [more]From Reuters: Organisations that rate companies on environmental, social and governance (ESG) issues are now themselves facing scrutiny, as regulators look to improve consistency and transparency in an industry that influences trillions of dollars of investments. The International Organization o

News Briefs: Schumer's pot legislation could spark up cannabis IPOs on Wall Street, Alternative investments can be an advisor's differentiator... [more] Schumer's pot legislation could spark up cannabis IPOs on Wall Street From Pitch Book: US stock exchanges have long shunned the nation's homegrown cannabis industry, a dynamic that has sent companies north in search of pot-friendly capital markets. But if new legislation in Congress is

And, finally: Why humans are worse than bears... [more]From BizarreNews: A Tennessee man captured video of the unusual situation that resulted when a bear became trapped inside his car. Joseph Deel posted a video to TikTok showing how he opened a door to his car while visiting Gatlinburg with friends and allowed a trapped bear to exit the vehicle. The g