Opalesque Exclusive: ThirdYear Capital launches macro fund with Agathon Capital and Universal-Investment... [more]Bailey McCann, Opalesque New York for New Managers: ThirdYear Capital has launched a new macro UCITS fund together with Agathon Capital and Universal-Investment. The ART Global Macro fund invests in liquid and excha

Active strategies' rebound continued in Q3 2020... [more]Matthias Knab, Opalesque: Active investment managers across a variety of asset classes and regional exposures followed their historic Q2 returns with continued gains in Q3 2020. Returns were not consistently positive throughout the quarter as losses were the norm in September. The road ahead is f

Franklin Templeton and Illuminate Financial invest in Curv as digital asset security industry is at a crossroads... [more]Matthias Knab, Opalesque for New Managers: Curv, a provider of digital asset security, today announced that global investment firm Franklin Templeton and fintech VC Illuminate Financial Management joined existing in

EU explores tougher curbs on City hedge fund managers... [more]From Technocodex: Brussels is exploring whether to restrict the possibility for hedge funds to be managed from overseas financial centres such as the City of London, reviving an idea that UK asset managers see as an existential threat. The European Commission included questions on a possible ti

Investors brace for barrage of COVID vaccine data to roil market... [more]From Bloomberg News: The next month or two has the potential to wreak havoc in the health-care sector and the market as a barrage of COVID-19 vaccine test results roll in at the tail end of the U.S. presidential election. "The vaccine outlook will ultimately dwarf the election in terms of m

Harvard posts loss, sees revenue dropping for second year... [more]From Yahoo / Bloomberg: Harvard University said its revenue will likely decline for a second straight year due to the Covid-19 crisis after it posted a $10 million operating loss in fiscal 2020. That would be a first for the school since the 1930s, Harvard said in its annual financial report Thu

Saba Capital's Boaz Weinstein predicts credit chaos around U.S. election... [more]From Bloomberg: "Never in his 22-year career has Boaz Weinstein seen such a disconnect between the complacency of credit investors and the anxiety of equity investors, and he predicts it could unravel in an "incredible move" around the Nov. 3 U.S. election." While the stock market is pricing in t

Paul Tudor Jones expects $1.7 trillion stimulus deal in next six to 12 weeks... [more]From Forbes: In a Thursday morning appearance on CNBC's Squawk Box, billionaire hedge fund manager Paul Tudor Jones said he believes the next six to 12 months could be the most volatile period for markets he's seen in more than 40 years of trading, as a result of a blue wave election outcome that co

The hedge fund for Millennials by Millennials, Nickel Digital expands with launch of new suite of institutional crypto gunds... [more]The hedge fund for Millennials by Millennials From Ritz Herald: Fate Capital is targeting the younger generation of investors, allowing them the opportunity to increase their investment income via premium collection. This is made possible by the strategy of writing options contracts on the

Report: Alternative data market presumed to grow at a CAGR of 25.7%... [more]The global alternative data market size was valued at USD 1.06 billion in The global alternative data market is presumed to grow at a CAGR of 25.7% throughout the forecast period from 2020- 2028, starting from US$ 347.9 Mn in 2019. The key drivers attributed to the market expansion include the signi

Wall Street forecasts more asset managers will merge to survive... [more]From SPGlobal: Having faced the COVID-19 pandemic on top of years of pressure from shrinking fees and shifting investor preferences toward the industry's giants, money managers are debating whether to stick it out on their own or enter the deal market in search of scale or complementary products, Wa

Study: Financial crime compliance costs top $42B in U.S./CA, upp 19%... [more]From ComplianceWeek: A new study of financial crime compliance costs found spending by American and Canadian financial institutions is up sharply in 2020, driven in part by the coronavirus pandemic. The True Cost of Financial Crime Compliance Study, released Wednesday and compiled by LexisNexis

Comment: Korea's fraudulent fund manager, but no less problematic is financial regulator's supervisory failure... [more]From the Korea Times: The Financial Supervisory Service (FSS) decided Tuesday to revoke the license of Lime Asset Management, which has been accused of fraud and illegal lobbying. Once the nation's largest financial manager with assets under management (AUM) nearing 6 trillion won ($5.3 billion), th

And finally: "UFO" landed in dense Congo jungle indeed came from stratosphere... [more]From Reuters: An unidentified flying object parachuted into dense Congo jungle to the confusion of local authorities, who detained two people for questioning until a subsidiary of Google parent company Alphabet confirmed the device was an internet balloon. Images shared on social media showed pe