The Big Picture: The end of globalisation is nigh... [more]B. G., Opalesque Geneva: "Historically speaking," says Peter Zeihan, "we live in an embarrassment of riches and peace… we have been living in a perfect moment. And it is passing."
Geopolitical strategist Peter Zeihan is forecasting the end of globalisation, and in the wak
Pomona soars past its target to reach over $2.4bn for its tenth flagship fund... [more]Laxman Pai, Opalesque Asia: Secondaries-focused alternative manager, Pomona Capital has soared past the tenth flagship fund goal to reach over $2.4bn of commitments.
Pomona Capital X (PC X) is oversubscribed and capped, exceeding its $2 billion target by 30% and is about 50% larger than its pr
Apollo raises $2.35bn for its first direct lending fund... [more]Laxman Pai, Opalesque Asia: The global alternative asset manager Apollo Global Management Inc. has closed on its first-ever $2.35 billion direct lending fund.
The American global private equity firm said in a press release that Apollo Origination Partnership Fund I (AOP) contributes to Apollo'
Hedge fund industry AUM declined by $78.8bn in H1-2022... [more]Opalesque Industry Update - The Eurekahedge Global Composite Index was down 5.4% for H1 2022. There was a contrast in performance between $1bn-plus funds and sub-$1bn funds as larger funds saw lower losses of 1.9% compared to losses of 5.5% for the sub-$1bn category.
AUM has declined by $78.8bn
Maverick posts strong July results... [more]From Institutional Investor: Maverick Capital rebounded sharply in July, posting double-digit gains in three of its main funds and topping most of its Tiger Cub peers. The firm still lags Viking, Valiant, and other Tiger-related funds this year.
Even so, the firm headed by Tiger Cub Lee Ainslie
Emerging hedge fund managers hoping to win investors... [more]From Business Insider: Investors hunting for the best hedge fund managers amid the volatile market cycle could turning to smaller, more nimble managers.
Big-name hedge fund managers have been experiencing steep declines and redemptions over the last few months due to the current bear market and
Brazil's hedge funds switch tactics on end of bold rate hike cycle... [more]From Bloomberg: After profiting from one of the world's most aggressive monetary tightening cycles, some Brazilian money managers are switching tack and starting to bet on the opposite trade.
SPX Capital, whose Raptor fund is beating 99% of peers this year, and Ibiuna Investimentos, which manage
Next financial crisis likely to centre on private markets... [more]From FT: Just as US subprime mortgages were at the heart of the 2008 financial turmoil, a future crisis may centre around booming private markets.
Believing they had found the latest formula for success, investors have ploughed about $9.8tn into unlisted equity, private credit and early stage or
People: Mark Carney to chair Brookfield Asset Management post-spin out... [more]From Reuters: Canadian investor Brookfield said former Bank of England Governor Mark Carney will become chair of its asset management division when it separately lists on the Toronto and New York exchange in November.
His was one of several senior appointments flagged to investors on Thursday. C
M&A: Barings snares Altis platform in $6bn move, Wafra takes minority stake in Thompson Street... [more] Barings snares Altis platform in $6bn move
From IPE: Global investment manager Barings has agreed to buy Australia-based real estate firm Altis Property Partners for an undisclosed sum.
Altis, founded in 2008, currently manages A$6.1bn (€4.2bn) assets. The company has expertis
Legal: U.S. SEC investigating hedge fund Melvin Capital Management... [more]From Reuters: The U.S. securities regulator is looking into Melvin Capital Management's risk controls and investor disclosures after the hedge fund was hammered by the meme-stock rally last year, the Wall Street Journal reported on Thursday.
The Securities and Exchange Commission (SEC) contacted
Regulatory: FCA issues warning to alternative investment bosses via open letter... [more]From IPE: The FCA has written an open letter to CEOs of alternative investment firms, setting out its supervisory strategy for those managing and dealing in alterative assets.
In an extract from the letter, its author Nike Trost, the FCA's head of asset management and pensions policy, issues a s
Activists: ValueAct takes 7% stake in New York Times with call for new approach... [more]From FT: ValueAct Capital, the activist hedge fund, has acquired a 7 per cent stake in The New York Times Company and is putting pressure on the media group to boost digital sales by pushing subscribers towards a higher-priced bundle of its products.
Shares in the global news media group popped
And, finally: Can't we all just get along?... [more]From CNN: If you order the plant-based sausage with your breakfast at Cracker Barrel, better do it sotto voce: The company's addition of the Impossible Foods product to its menu is causing an uproar among loyal restaurant fans, CNN Business reported.
"I just lost respect for a once great Tennes
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.