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Alternative Market Briefing

Opalesque Roundup: The hedge fund that beat Buffett, turning $10K into $1.3m in 18 years: hedge fund news, week 32

Monday, August 20, 2018

In the week ending 17 August 2018, Billionfold Asset posts 15% gain YTD in Korea even as the local market slumps; Citadel converted $10,000 investment in 1990 into $1.3m, outstripping Buffett, the FT said. Oil hedge fund manager Andurand lost 15% in July.

D.E. Shaw Group, the $50 billion hedge fund known for its work with machine learning and investing, is launching a new independent research and development effort to be led by Dr. Pedro Domingos, Professor of Computer Science and Engineering at the University of Washington. Dr. Domingos will join the firm as managing director.

Apex Group, one of the world's largest fund administrators, and mid-market PE shop Genstar Capital jointly announced the acquisition of the global hedge fund administrator Custom House, adding a further $24bn in assets under administration to the Group's portfolio.

Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40bn Yuan ($5.81bn) for a new investment firm to focus on late-stage tech investments; S......................

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