OPIM Partners launches Prime Lens 35 mm Fund for professional hedge fund investors... [more]Laxman Pai, Opalesque Asia: OP Investment Management (OPIM) is partnering with Prime Lens Capital to launch Prime Lens 35 mm Fund, which is Cayman-domiciled, for professional investors only. According to a press release from the Asia's hedge fund platform, the fund will run a long-short

Hedge fund launches outpace liquidations now four quarters in a row... [more]Laxman Pai, Opalesque Asia: Although the total number of hedge fund launches was the lowest since the fourth quarter of 2008, the launches exceeded hedge fund liquidations. According to a Hedge Fund Research report, a total 125 funds liquidated during the three months through June, down 44%

IronX crypto exchange receives full regulatory approval in Estonia... [more]Laxman Pai, Opalesque Asia: IronX, a new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano blockchain, has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU). The firm is now one of the fi

Emerging markets fund to return $1.3bn after 17 years... [more]From Bloomberg: Hedge fund Emerging Sovereign Group is returning money to investors after almost two decades. Its founders plan to make bigger and riskier bets trading their own capital. ESG, which focused on emerging markets and was backed by billionaire Julian Robertson, will return $1.3 billion t

Macro managers pull in $15bn in year, leading hedge funds, Investments in alternative assets continue to be loud, but are producing diminishing returns increasingly, Active managers set to shine over next decade: UBS... [more]Macro managers pull in $15bn in year, leading hedge funds From Bloomberg: Investors have poured more than $15 billion into macro hedge funds this year through August, making them the most popular strategy. Macro funds added net inflows of $3.5 billion in August, according to a repo

Net UCITS sales turned positive again in July... [more]Opalesque Industry Update - UCITS and AIFs recorded net inflows of EUR 38 billion, compared to net outflows of EUR 22 billion in June, according to European Fund and Asset Management Association (EFAMA)'s latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for July

New Launches: Malaysia's TA Investment Management launches China fund, HSBC launches a new $15.9bn UK-wide fund for growth-focussed SMEs, SoftBank Ventures launches new $300m China fund, New fund firm cuts pay if managers don't beat the market, Northleaf Capital Partners raises $2.2bn for global PE strategy... [more]Malaysia's TA Investment Management launches China fund From Asia Asset: Malaysia's TA Investment Management has launched its first Chinese equities fund, positioning it as a way to provide investors with exposure to China's growth potential. The TA All China Equity Fund (TACEF

Hedge funds burned as Kier defies the doom-mongers to boost profits... [more]From Standard: Builder Kier turned the tables on the short-sellers amassing a £100 million bet against the firm today as it unveiled rising profits and a record order book. The construction and property firm has been targeted by a clutch of short-sellers lately as 10 hedge funds - including bi

How hedge funds keep markets trading in a crunch... [more]From FT: Hedge funds make convenient bogeymen for politicians when a market crisis hits. Just think about how George Soros was blamed for "breaking the pound" when sterling plunged in 1992. Or how politicians in Japan and Germany have railed against them. Emerging market governments, such as Turkey'

Sky Auction: Hedge funds watch Sky auction as bidding war draws to an end, Rare auction showdown could decide fate of broadcaster Sky, D-Day for Sky: Murdoch to go head to head with Comcast as bidding war ends with dramatic auction, Comcast, Fox to settle $35bn takeover battle for Sky in auction... [more]Hedge funds watch Sky auction as bidding war draws to an end From Institutional Investor: Comcast and Fox are poised to make bids for Sky under a mandate by Britain's Takeover Panel. Hedge funds with a stake in Sky, the British media and telecom giant, will soon know the victor of a biddi

People: Cheyne Capital finalises strategic value credit team with latest appointments, Crypto hedge fund Ikigai bolsters team with new executive hires, Goldman's top stock-trading executive to depart, EFAMA appoints director general replacement for De Proft, Bank of America's investment banking chief Christian Meissner to depart, Goldman equity trading co-head Russo is set to leave, Gary Cohn denying a Wells Fargo rumor signals pressure on CEO... [more]Cheyne Capital finalises strategic value credit team with latest appointments London-based alternative asset manager Cheyne Capital Management announced the appointment of the final members to the Cheyne Group's Strategic Value Credit (SVC) business. Richard Cazenove joins as Partner

Outlook: Northern Trust's 5-year forecast sees economic conditions generating global stock returns in 5.5% - 8.8% range... [more]Opalesque Industry Update - The global economy will experience 2.5 percent real average annualized growth over the next five years, along with controlled inflation and accommodative monetary policy, according to Northern Trust's Capital Market Assumptions five-year outlook The firm predicts th

Crypto: Global standard for cryptocurrency anti-money laundering to be agreed, Cryptojacking is up 459% in 2018, and it's the NSA's Fault, Cryptocurrency has hit bottom, bitcoin due for renaissance: Novogratz, Hong Kong firm launches Stablecoin, defying China ban... [more]Global standard for cryptocurrency anti-money laundering to be agreed From FT: The global anti-money laundering task force has said it is closer to establishing a worldwide set of standards to apply to virtual currencies. The president of the Financial Action Task Force, Marshall Billings

Activists: New York hedge fund needs the long game in Italy, MDC Partners exploring strategic options including potential sale... [more]New York hedge fund needs the long game in Italy From Bloomberg: Telecom Italia SpA had problems when it was being dominated by its biggest investor, Vincent Bollore's Vivendi SA. But the arrival on the shareholder register of activist fund Elliott Management Corp., and its wresting of bo

News Briefs: Buffett's Indian pick Paytm aims to build financial-services empire, What Beyoné and these billionaires have in common: Massive mortgages, Bank Reyl & Cie to acquire Öhman Bank Luxembourg, Wall Street salaries at highest level since financial crisis... [more]Buffett's Indian pick Paytm aims to build financial-services empire From Nikkei: Vijay Shekhar Sharma is used to dealing with skeptics. The 39-year-old founder of Paytm, India's biggest mobile payments business, was repeatedly turned away when he first sought backing for his startu

And, finally: Hungry bear rips apart two cars in California... [more]The U.S. Forest Service shared photos of two cars that were ripped apart by a hungry bear at California's Lake Tahoe. The U.S. Forest Service's Lake Tahoe Basin Management Unit tweeted photos of two cars that had doors and windows severely damaged by a bear that was apparently attracted by food smel