Opalesque Roundtable: French regulator eyes closet indexers... [more]Bailey McCann, Opalesque New York: French and European Union financial regulators are keeping a close eye on closet indexers. Speaking at the recent Opalesque France Roundtable, Vanessa Casano, Deputy Head of the Asset Management Regulation Division at Autorité des Marchés Financiers (AMF) says t
Point72 hedge fund rises 7% in 1H... [more]Matthias Knab, Opalesque: Steven Cohen's hedge fund continues with its winning formula as the Point72 Asset Management returned nearly seven percent in the first six months of the year despite a flat performance in June, reports
Funds of hedge funds are opening at a record pace in China... [more]From Bloomberg: An investment offering that most of the world has shunned is suddenly all the rage in China, and money managers from UBS Group AG to SkyBridge Capital are moving to grab a slice of the bounty.
Funds of hedge funds, which allocate client money across multiple managers, are opening
Dyal in talks to buy stake in credit manager Golub Capital... [more]From Reuters: Dyal Capital Partners, a subsidiary of asset manager Neuberger Berman Holdings that acquires stakes in private equity firms, is in advanced talks to buy a minority stake in credit investment firm Golub Capital, two people familiar with the matter said.
The deal would make Golub the
OPIM to launch hedge and PE strategies via Ansen SPC... [more]OP Investment Management (OPIM) is partnering with Ansen Investment Management Limited to launch Ansen Fund SPC. The Fund is Cayman-domiciled for professional investors only.
The first strategy, Ansen Global Investment Fund SP uses a discretionary, long-short approach towards multi-asset investm
Malaysia's KWAP to extend ESG mandate to alternative investments... [more]From Deal Street Asia: The Malaysian pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is looking to extend its current environmental, social and governance (ESG) mandate to alternative investments, including real estate and private equity asset classes.
KWAP CEO Wan Kamaruzaman Wan Ahm
TPG joins Apollo, Blackstone in raising fees as money flows... [more]From Bloomberg: Some of the largest private equity firms are charging customers more even as price cuts hit almost every other corner of the asset-management industry. Firms including Hellman boost management fees on some funds.
TPG and Hellman & Friedman are increasing management fees on new --
Mariner Investment Group closes U$511m collateralized loan obligation... [more]From Morning Star: Mariner Investment Group, the global alternative asset manager, today announced the closing of a $511 million collateralized loan obligation (CLO). This is the sixth CLO issued by Mariner's leveraged credit team and the third in the past 10 months, bringing the total CLO assets un
Carlyle seeks to raise $4bn for new energy fund... [more]From Reuters: Private equity firm Carlyle Group LP (CG.O) is looking to raise a $4 billion fund for investing in oil and gas assets outside North America, the Financial Times reported on Tuesday.
The fund will be used to buy companies in the energy supply chain and through these companies, asset
Liquid alternatives funds are quitting this world... [more]From Morningstar: Once, I was skeptical of "liquid alternatives"--mutual funds (and exchange-traded funds) that emulate hedge funds. Such funds talked big but walked small. I pointed to their lackluster returns and questioned whether their fortunes could change.
No need to question any
Quant (factor) funds are getting a bad rap... [more]Many commentators mix and match to make the results seem worse than reality suggests.
From Bloomberg: Poor results in the first half of 2018 have led to a backlash against so-called factor investing, which is a strategy that chooses securities based on certain attributes such as profitability or
Profits plummet in Europe for billionaire Paul Tudor Jones... [more]Storied investment tycoon had a difficult 2017 - but there have been signs of a recovery this year
From FNLondon: Profits have fallen sharply at the London hedge fund arm of storied investment tycoon Paul Tudor Jones, who recently warned that the next recession will be 'frightening' for
Hedge fund York Capital joins race for Abraaj Assets... [more]From Bloomberg: York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to people familiar with the matter.
The New York-based firm is offering $45 million
Northern Trust combines private equity and hedge fund admin units... [more]From GlobalCustodian: Northern Trust has merged its private equity and hedge fund administration businesses to create a new North America Alternative Fund Services unit. The new division will provide fund administration, accounting and data solutions to its global hedge funds, private equity manager
Activist fund Elliott Management takes 5% stake in Alpine... [more]From Nikkei: U.S. investor Elliott Management now owns more than 5% of Alpine Electronics and has indicated it may make a major proposal, raising the possibility of fresh opposition to a takeover bid from fellow Japanese manufacturer Alps Electric.
Paul Singer's activist hedge fund disclosed a 5
And finally: It Was Fun While It Lasted... [more]From BizarreNews: A Virginia man on Saturday totaled a $300,000 car one day after he bought it, police said. The Fairfax County Police Department said a man driving a McLaren 720S and crashed into a tree because he was speeding. The driver, who was not named by police, suffered only non-life threate
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Benedicte Gravrand, Opalesque Geneva: Bill Michaelcheck, founder and CIO of Mariner Investment Group, an alternative asset manager headquartered in New York, believes the market has turned a corner and that volatility is here to stay. Now is a good time for fixed income investors to do arbitrage bet..
