Top 500 global money managers see assets grew 14.5% to hit record $119.5tn... [more]Laxman Pai, Opalesque Asia: The 500 largest global money managers in 2020 grew their combined assets under management 14.5% to $119.5 trillion, while boosting revenue, said the study.
According to new research from Willis Towers Watson's Thinking Ahead Institute, the growing concentration amon
Quant hedge fund Aspect rolls out offshore China fund... [more]Laxman Pai, Opalesque Asia: Quantitative hedge fund and CTA pioneer Aspect Capital has unveiled a new systematic momentum-based investment strategy focused on Chinese financial and commodities futures.
A press release from the global systematic investment manager said that the Aspect China Di
22 North American private debt funds secured $27bn in Q3, 2021... [more]Laxman Pai, Opalesque Asia: Weak fundraising in the private debt asset class during Q3 has also affected funds in the market, which are at record highs, said a study.
According to the Q3, 2021 Private Debt Quarterly Report published by Preqin, despite a large increase in the number of funds in
Ares closes direct lending fund on $5.1 billion... [more]Bailey McCann, Opalesque New York: Ares Management Corporation has closed its latest direct lending fund - Ares Private Credit Solutions II - on $5.1 billion. The fund, which was targeting $4 billion, hit its hard cap and is approximately 50% larger than its 2017 predecessor fund.
"Upper mid
Hedge funds returned 0.4% in Q3, up 9.5% YTD, after a difficult September for equity markets... [more]Opalesque Industry Update - The HFM Global Index gained 0.4% in Q3, despite the S&P 500 posting its worst month since the start of the pandemic. The equity market falls in September and ongoing macroeconomic challenges saw equity and macro hedge funds finish the quarter in negative territory (-0.6%
Hedge funds take profits on bullish oil positions... [more]From Reuters: Fund managers realised some profits from bullish long positions last week as oil prices climbed to their highest in three years, becoming net sellers of petroleum contracts for the first time since August.
Hedge funds and other money managers sold the equivalent of 16 million barre
Investing: N26 raises $900m in a new funding round led by Third Point and Coatue... [more]From CNBC: German digital bank N26 said on Tuesday it has raised $900 million in a new funding round that values the firm at $9 billion. That's nearly three times N26?s valuation in its last private fundraising round and means it's now worth slightly more than Commerzbank, Germany's second-largest l
M&A: Blue Owl to buy Oak Street real estate in property foray... [more]Blue Owl Capital announced it has entered into a definitive merger agreement to acquire Oak Street Real Estate Capital and its investment advisory business. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions.
The closing purchase pri
Family Offices:Switzerland is a magnet for family offices... [more]It used to be said the rich would go from shirtsleeves to shirtsleeves in three generations: a domineering patriarch would earn the wealth, his spiritually crushed children would unimaginatively sit on it, and their profligate charges would, in turn, squander it.
And the next decade will see the
Study: Private credit managers' CLOs could mean lower returns... [more]From PIonline.com: Private real estate funds that investors expect to outperform even the highest-yielding segment of the fixed-income markets are using commercial real estate collateralized loan obligations for financing, a growing practice that some say could lower LPs' return expectations.
Th
And, finally: Fake phones that just look too real... [more]From BizarreNews: Police in Ohio's capital said thieves broke into a Verizon store, but the only items they managed to steal were fake phones used as display pieces. Columbus police said the early Wednesday burglary at the store caused significant damage to the store, but the only items stolen were
In this issue we have included three in-depth features with leading fund managers and investors. We start with "Alpha in Africa", where Andre Steyn, a Cape Town based manager I have been following since 2011 who also gained global recognition as "Africa's leading short-seller", describes Africa's multidecade growth story and how "global investor apathy" leaves this outstanding investment
Opalesque has been publishing Technical Research (chart analysis) since April 2006. Opalesque Technical Research offers technical chart analysis with a global perspective on all major markets, including Equity Indices, Fixed Income, Currencies, and Commodities.
Opalesque Technical Research is unique compared to most available research which is fundamental in nature, and not technically (chart) oriented. In addition, most current available research is mainly equity based, and not global in nature.
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B. G., Opalesque Geneva:
What is exponential growth? Suppose a population of mice rises exponentially to the power of two every year starting with two in the first year, then four in the second year, 16 in the third year, 256 in the fourth year, and so on. Apparently, the same applies to our curre..
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