Today's Exclusives

• Opalesque Exclusive: Institutions remain upbeat about private credit [more]

  Bailey McCann, Opalesque New York: New data from AIMA's Private Credit Council shows that investors are still largely pleased with private credit as an asset class despite some initial pandemic related caution. 84% of investors surveyed were satisfied with how private credit performed in

• Tikehau collects $728m for European Special Opportunities II [more]

  Laxman Pai, Opalesque Asia: The global alternative asset management group Tikehau Capital has raised EUR 617m ($728m) for its second European Special Opportunities fund (TSO II), surpassing the fund's EUR 500m target. "TSO II thus exceeds initial target by almost 25% and four times the am

• Azimut Alternative Capital to buy a stake in U.S. private credit investment manager Pathlight [more]

  Laxman Pai, Opalesque Asia: European leading asset manager Azimut Holding said that its U.S. subsidiary Azimut Alternative Capital Partners (ACCP) had struck a deal to buy a minority stake in U.S. private credit investment manager Pathlight Capital. The terms of the deal were not disclosed. B

• Quarter-end redemptions outpace new hedge fund inflows in June [more]

  Opalesque Industry Update - Investors removed an estimated net $10.99 billion from hedge funds in June, reducing 2021 net inflow to $28.69 billion. Asset-weighted returns were near flat resulting in overall industry AUM declining slightly to $3.55 trillion, eVestment said. Net outflows returned

Today's Other Voices

• Other Voices: SEC changes dollar threshold for qualified clients [more]

  By: Manas Kumar, Eileen Overbaugh What You Need To Know: Effective August 16, 2021, the Assets-Under-Management Test will increase to $1.1 million, and the Net Worth Test will increase to $2.2 million. On June 17, 2021, the U.S. Securities and Exchange Commission issued an order (SE

More Exclusives

• 26. Jul. | Opalesque Roundup: Global hedge fund assets up $360bn to now $3.96tn by June 30: hedge fund news, week 29 [more]

  In the week ending July 23rd 2021, a report by HFR said that worldwide aggregate hedge fund assets reached an estimated $3.96 trillion as of June 30, an increase of $360 billion from the start of the year. Ac

• 22. Jul. | SkyBridge Co-CIO Troy Gayeski resigns [more]

  Bailey McCann, Opalesque New York: Troy Gayeski has resigned from SkyBridge Capital, where he was a Partner, Co-CIO, and Senior Portfolio Manager. No details about his future plans are available as of this writing. Gayeski joined SkyBridge in 2010 when SkyBridge acquired Citigroup Alternative

• 21. Jul. | AI Global Investors partners with veteran team of Goldman alums [more]

  Matthias Knab, Opalesque: Asset management firm AI Global Investors (USA) LLC (AI) today announced the onboarding of Anchorvest Capital to AI's New York-based asset management platform. The Anchorvest team members bring broad-ranging expertise including investment banking, fixed income, mortgage-

• 21. Jul. | Opalesque Exclusive: The biggest risk ESG and sustainability investors will encounter is confusion [more]

  B. G., Opalesque Geneva: As far as sustainable and ESG finance is concerned, the biggest risk investors will encounter is confusion, according to Dr. Mathew Hampshire-Waugh, director of climate change at Enzo Advisors LLC, a New Y

• 19. Jul. | Zuccaro's Golden Eagle Strategies celebrates one-year anniversary with new name and expanded management team [more]

  Matthias Knab, Opalesque for New Managers: Golden Eagle Strategies is the new name for Target QR Strategies, which has re-branded and expanded its management team in celebration of its one-year anniversary. Foun

• 19. Jul. | Opalesque Roundup: Hedge fund inflows up to May eclipse outflows seen in 2020 more than two-fold: hedge fund news, week 28 [more]

  In the week ending July 16th 2021, eVestment June 2021 hedge fund performance data revealed that the global hedge fund business returned +0.18% in June, bringing year to date (YTD) p

• 16. Jul. | Opalesque Exclusive: AltsAxis launches with a mobile cap-intro platform and live events [more]

  Bailey McCann, Opalesque New York: AltsAxis a new alternatives due diligence platform launched this week. The platform aims to be a centralized location for fund managers and allocators to connect. All alternative asset classes will be represented on the platform. Alts Axis is led by Mark Sa

• 16. Jul. | Opalesque Exclusive: The point of CBDC [more]

  B. G., Opalesque Geneva: Major central banks across the world are racing to deliver a reliable version of digital money. China is testing a digital renminbi version; Europe plans to launch a digital Euro within five years; and in the U.S., the Fed is to release a discussion paper this summer rega

• 15. Jul. | Artemundi and Sygnum Bank present the world's first tokenization of a Picasso listed by a regulated bank [more]

  Matthias Knab, Opalesque: Artemundi, an art investment pioneer, and Sygnum, a digital asset bank, have partnered to tokenize Picasso's Fillette au beret painting. This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the public blockchain by a regul

• 14. Jul. | Germany's first impact asset manager launches with all star team [more]

  Matthias Knab, Opalesque: Increasingly, investors are demanding to reach beyond environmental, social and governance (ESG) practices. They want to achieve more with their capital. As the first asset manager to specialise in impact investing, 4L Capital's offer includes a global impact equity port

• 12. Jul. | Opalesque Roundup: Confidence in hedge funds is soaring: hedge fund news, week 27 [more]

  In the week ending July 9th 2021, a report said that amid double-digit returns and increasing assets under management, hedge fund managers have grown even more optimistic about their business pr

• 08. Jul. | Opalesque TV: Prime Capital squarely faces all manner of hedge fund sizes and strategies [more]

  B. G., Opalesque Geneva: Opalesque has just called on Prime Capital, one of the large independent alternative asset managers in Germany, for a Virtual Manager Visit. With more than €10bn (US$11.8bn) in alternative assets, P

• 06. Jul. | Opalesque Roundtable: The Bahamas continues modernising to welcome businesses and remote workers [more]

  B. G., Opalesque Geneva: The Bahamas has been busy updating its legislation these last few years to make it easier for businesses to settle and people to work. Indeed, the government has been facilitating the ease of doing business, ensuring compliance with international best practices, digitaliz

• 05. Jul. | Opalesque Roundup: New hedge fund launches outweigh liquidations: hedge fund news, week 26 [more]

  In the week ending July 2nd 2021, HFR Market Microstructure Report revealed that new hedge fund launches increased in the first quarter of 2021 to the highest leve

More Other Voices

• 13. Jul. 2021 | Other Voices: SEC to consider new fund data disclosure requirements, enforcement on ESG [more]

  By: Ari Berman, David Oliwenstein, Roland Reimers Takeaways The Securities and Exchange Commission's near-term climate change and board diversity rulemaking process heralds what may become a period of significant reform to the SEC's disclosure requirements relating to environm

• 29. Jun. 2021 | Other Voices: SEC updates rule on performance fees [more]

  By: Anthony Drenzek, Robert Plaze On June 17th, the Securities and Exchange Commission issued an order adjusting the dollar amount thresholds for clients of registered advisers to be "qualified clients" under rule 205-3 of the Investment Advisers Act of 1940, and thus permitted to pay a "perform

• 08. Jun. 2021 | Other Voices: Supreme Court ruling could benefit hedge funds that scrape web data [more]

  By: Joseph Fischetti, Peter Greene, Benjamin Kozinn On June 3, the United States Supreme Court decided Van Buren v. United States, a Computer Fraud and Abuse Act (CFAA) case with important implications for investment advisers and hedge funds that scrape web data as a source of research. The

• 27. May. 2021 | Other Voices: The tech renaissance is here [more]

  By: Dennis Puri, Portfolio Manager, Hunt Lane Capital Technology stocks have been volatile of late due to macro-economic concerns and a not surprising pullback after a strong 2020. Certainly, there still exist pockets of hyper valuation that continue to settle. However, the retreat in stock pri

• 25. May. 2021 | Other Voices: Lenders eager to finance US buyouts, but supply of new deals tightens [more]

  By: David Bilkis, White & Case High yield bond and leveraged loan issuance for US Leveraged buyouts (LBOs) recovered strongly over the past year, but Q1 2021 saw a drop on the previous quarter as direct lenders and a high volume of secondary buyouts ate into an already tight supply of opportunit

• 14. May. 2021 | Other Voices: Five key points on capital raising for hedge funds [more]

  By: Roy Engel, Barnea Jaffa Lande & Co. The cornerstone of a successful hedge fund is a successful investment strategy. That is self-evident. However, if the managers of the potential hedge fund are not successful in raising capital, this potential will never be tested or realized. We list below

• 07. May. 2021 | Other Voices: The IRS goes after crypto holders with John Doe summonses [more]

  By: Joshua Smeltzer The IRS has several tools in its arsenal to encourage compliance and audit and enforce those it believes are failing to comply. One of the most powerful tools is the John Doe summons. A regular IRS summons seeks information on a specific taxpayer. However, a John Doe summon

• 22. Apr. 2021 | Other Voices: The SEC gets tough on ESG funds [more]

  By: Kaela Colwell, Kelley Howes On April 9, 2021, the SEC's Division of Examinations (EXAMS) published a Risk Alert summarizing its observations from recent examinations of investment advisers, registered investment companies, and private funds engaged in ESG investing. The Risk Alert is the

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ISHARES CHINA LG. CAP ETF (FXI) – Daily

Currently: Cash Looking to: Buy @ $46.67

As of 3/19/21 close: $47.99

LAST WEEK: We suggested buying FXI on a dip to $46.67 with stops on a close below $44.70 and with an upside target of taking profits at $55.

UPDATE: The iShares China ETF (FXI) drifted lower last week and is on the way to a test of initial support at $46.67. If it holds, we should see a rally to $55. If it breaks, we could see a quick dip to $44.50.

Buy dips in FXI to $46.67 with stops on a close below $46 and with an upside target for taking profits at $55. If stopped out, try the longs again at $44.50 with stops below $44.