Institutional asset owners pledging formal commitment to net zero... [more]Laxman Pai, Opalesque Asia: Globally, institutional asset owners are pledging formal commitment to net zero-43% in Europe, 44% in Asia, and 32% in the U.S. As they implement measures to achieve this commitment, they will increasingly evaluate portfolio-level metrics, said a study. According to

Global hedge funds industry had net outflows of $27.5bn in Q2... [more]Opalesque Industry Update - ETFGI reported that the global Hedge Funds industry suffered net outflows of US$27.5 billion (source HFR) while the Global ETFs industry gathered net inflows of US$157.7 billion in Q2 2022. Assets invested in the global ETFs industry are US$5.04 trillion larger than

Hedge funds deserve the drubbing by private equity, Tough markets hit active asset managers striving for turnarounds... [more] Hedge funds deserve the drubbing by private equity From Washington Post: When the liquidity tide recedes, investors from sovereign wealth to billionaire family offices are getting even more impatient with hedge funds. They are discovering that a lot of these expensive money managers do

Third Point treads water in July... [more]From Institutional Investor: The stock market was hot in July, but Third Point Offshore missed the party. Dan Loeb's hedge fund sat out last month's impressive market rally. The hedge fund headed by Dan Loeb was essentially flat for the month despite a 9.2 percent gain in the S&P 500, includin

New Launches: Turning Rock Partners raises $475m fund, Eduardo Saverin's B Capital closes $250m fund to invest in early-stage startups, Flashpoint Venture Capital closes its third fund at $102m to support emerging Europe, JPMAM launches JPMorgan Active Growth ETF... [more] Turning Rock Partners raises $475m fund Turning Rock Partners (TRP), a New York-based private investment firm, today announced it has closed its second fund with commitments of approximately $475m, exceeding its target raise. Turning Rock received strong support from new and exis

Abrdn moves to liquidate suspended Eastern Europe fund... [more]From Portfolio Adviser: Abrdn has decided to axe its Eastern Europe-focused fund, which has seen its value plunge by two thirds amid the fallout from the Ukraine crisis. In a letter to investors, the FTSE 100 fund group said ASI Eastern Europe Equity was no longer commercially viable and would

Institutional Investors: Institutional investors keep moving into private markets - but getting in isn't easy, PennPSERS allocates nearly $550m to 3 managers, Georgia Teachers plan loses 12.8% in difficult year, Los Angeles City Employees commits $75m to real estate fund... [more] Institutional investors keep moving into private markets - but getting in isn't easy From Institutional Investor: To meet their return targets in the coming years, nonprofits are turning to the private markets. In Mercer's global not-for-profit investment survey released Monday, 65 per

SPACs: Nearly half of SPACs are likely to liquidate if SEC rules are adopted, Quantum systems maker D-Wave takes the SPAC route, Billionaire Sam Zell-backed SPAC to return cash to investors, Former HKMA chief's SPAC completes IPO, ZeroFox begins Nasdaq trading following SPAC deal... [more] Nearly half of SPACs are likely to liquidate if SEC rules are adopted From Institutional Investor: The Securities and Exchange Commission's proposed new rules on special purpose acquisition companies could force almost half of the SPACs that are still searching for a merger partner int

Crypto: Wall Street pros offer crypto holders a backdoor bankruptcy exit, Singapore regulator reiterates crypto dangers amid Hodlnaut woes, Crypto hedge fund CEO says 'new rally' incoming, Ethereum and Altcoins set to outperform, Sam Bankman-Fried's crypto firms had deep ties to Voyager Digital and its bankruptcy wipeout... [more] Wall Street pros offer crypto holders a backdoor bankruptcy exit From Bloomberg: Niche credit traders have a pitch for crypto holders locked out of their accounts at Voyager Digital Ltd. and Celsius Network LLC: Sell the rights to your coins at something like a 75% discount and let Wal

Tech: The 10 most active Fintech VC investors... [more]From Pitch Book: Despite the ongoing market turmoil and crypto market meltdown, long-term transformational trends in the fintech sector such as mobile trading apps and digitized financial services have continued to attract strong venture investment in 2022. Fintech startups collected $53.5 bil

U.S.: TPG quarterly earnings more than triple on fee growth, asset sales, Carlyle founders balked at ceding power to their chosen CEO... [more] TPG quarterly earnings more than triple on fee growth, asset sales From Reuters: TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from its private equity portfolio. The Fort Wo

Europe: Declining UK IPOs and rising M&A have created a 'perfect storm'... [more]From Investment Week: UK IPOs have declined significantly year on year while at the same time, more businesses are being taken private, partly caused by lacklustre UK valuations. The number of companies listing on the London Stock Exchange has dramatically decreased compared to last year, down 4

Asia: China's threat to Taiwan should also worry global tech investors, China: Trade route revival... [more] China's threat to Taiwan should also worry global tech investors From Financial News: Technology investors are on pins and needles, waiting to see if US House Speaker Nancy Pelosi's historic visit to Taiwan will spark a series of cascading responses from China. While the likely o

PE/VC: Markdowns are coming to private equity, highlighting the wide dispersion among managers, The private equity club: How corporate raiders became teams of rivals, Corporate venture capital fund managers are 'quaking in our boots', Demand for private credit set to rise as PE valuations slump... [more] Markdowns are coming to private equity, highlighting the wide dispersion among managers From Forbes: Amid the soaring volatility in the public markets, investors continue to look for alpha, and many are turning to alternative investments. A recent survey conducted by With Intelligence

Study: Public pensions suffer worst investment quarter since 2020, Median fund in Wilshire TUCS posts 2.63% quarterly return... [more] Public pensions suffer worst investment quarter since 2020 From Bloomberg: Public pensions this year endured their worst quarter of investment performance since the onset of the Covid-19 pandemic in 2020. Public pension assets posted a median return of -8.86% for the second quart

ESG: The next major challenges facing ESG investment, The rise of ESG and sustainable fund finance in Europe... [more] The next major challenges facing ESG investment From Finance Asia: Investing through an ESG environmental, social and governance lens remains popular, as companies evolve their business models to mitigate social burdens and negative consequences amid their pursuit of profit. Besi

Legal: U.S. probes firm linked with Abramovich over hedge fund investments... [more]From Reuters: U.S. federal authorities are investigating investment advisory firm Concord Management, which oversaw hedge fund investments worth billions of dollars for Russian billionaire Roman Abramovich, the New York Times reported on Tuesday. The investigation, being conducted by the Secur

Regulatory: U.S. SEC to propose new rule boosting hedge, private fund leverage disclosures, FCA warns managers not to 'bypass' processes for AUM growth... [more] U.S. SEC to propose new rule boosting hedge, private fund leverage disclosures From Reuters: The U.S. Securities and Exchange Commission (SEC) will propose a new rule on Wednesday aimed at boosting hedge and private fund leverage disclosures, among other details, according to a source

News Briefs: Yieldstreet secures $400m to scale its alternative investing platform, Worldwide cost of living research reveals the most and least expensive places, Ken Griffin on why he spent $43m to buy the U.S. constitution... [more] Yieldstreet secures $400m to scale its alternative investing platform Yieldstreet, the world's largest direct-to-consumer online platform for investing in private markets, announced the closing of a warehouse facility that provides access to up to $400 million from Monroe Capital LLC.

And, finally: Career Opp... [more]From News of the Weird: Folks in China tackle the problem of cheating husbands head-on, with two professional paths related to the issue: "mistress killers" and "mistress persuading teachers," who talk the "other women" into giving up their paramours. Among the latter, Oddity Central reported