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30 Mar. 2020 Long volatility and tail risk strategies outshined their peers as equities and oil slumped in February [more]
Opalesque Industry Update - Hedge fund managers were down 1.70% in February, reports Eurekahedge, as the development of the COVID-19 outbreak outside of Mainland China weighed on risk assets throughout the month. More than 90% of the hedge fund managers were able to outperform the global equity mark
30 Mar. 2020 Coronavirus lockdown: Massive surge in the use of fintech apps [more]
Opalesque Industry Update - Coronavirus-triggered social distancing, isolation and lockdowns have driven-up the use of financial apps in Europe by 72 per cent in a week, reveals deVere Group, an independent financial advisory organisations. The sharp increase in the use of financial technolog
30 Mar. 2020 TorQuest Partners hits $1.375bn Fund V hard cap [more]
Laxman Pai, Opalesque Asia: Canadian-based manager of private equity funds TorQuest Partners announced the final closing of its fifth fund with $1.375 billion of committed capital. TorQuest Partners Fund V, which was targeting $1.1 billion, will invest in middle-market companies. Investor
30 Mar. 2020 Icon Infrastructure raises $1.9bn for latest fund [more]
Laxman Pai, Opalesque Asia: UK-based fund manager Icon Infrastructure has raised $1.9bn for the first and final close of its fifth flagship fund. The amount raised by the Icon Infrastructure Partners V fund in the single close exceeds the fund's $1.8bn target and the €1.2bn the predecessor Pa
30 Mar. 2020 Asia to become the world's No 2 wealth hub in five years: Knight Frank [more]
Laxman Pai, Opalesque Asia: Asia set to be world's second-largest wealth hub by 2024, with the number of ultra-high-net-worth individuals (UHNWIs) in the region forecast to grow by 44% in the next five years, said a study. According to Knight Frank's 'The Wealth Report', the US domina
27 Mar. 2020 WallStreetBets announces first live trading championship [more]
Opalesque Industry Update - WallStreetBets today announced it will host the world's first live esports-style stock market trading competition, The WSB Championship. The competition, which will be held October 28-30 at America's largest esports arena, will pit the country's top traders against each o
27 Mar. 2020 Three quant lessons from COVID-19 [more]
Laxman Pai, Opalesque Asia: Many quantitative firms have suffered substantial losses as a result of the COVID-19 selloff. In this note, Prof. Alexander Lipton and Marcos Lopez de Prado highlight three lessons that quantitative researchers could learn from this episode. The Standard and Poo
27 Mar. 2020 Hedge fund manager Nicolai Tangen to lead Norway's sovereign wealth fund [more]
Laxman Pai, Opalesque Asia: The new chief executive for Norway's $930 billion sovereign wealth fund is Nicolai Tangen, until now chief executive of investment firm AKO Capital, a little-known Norwegian hedge fund. The world's largest sovereign wealth fund of its kind said in a press release t
27 Mar. 2020 Tailwater Capital wraps up $1.1bn fourth fundraise [more]
Laxman Pai, Opalesque Asia: The Dallas-based private-equity firm Tailwater Capital has raised $1.1 billion for its fourth flagship energy-infrastructure fund. Since the firm's inception in 2013, Tailwater has raised more than $3.7 billion across its funds. The team, led by founding partn
27 Mar. 2020 Evanston Capital Management buys out TA Associates stake [more]
Laxman Pai, Opalesque Asia: The private equity manager TA Associates has exited an investment in hedge fund investor Evanston Capital Management (ECM). The alternative investment management firm with approximately $3 billion of assets under management Evanston Capital has officially confirme
27 Mar. 2020 The race for artificial intelligence: The US remains top acquirer in the world. [more]
Laxman Pai, Opalesque Asia: The US-based tech giants dominated the list of top five acquirers (by number of acquisitions) in the artificial intelligence (AI) tech space during 2015-2019, said a study. According to GlobalData, of the top five acquirers, four positions were occupied by companies
26 Mar. 2020 Investors generous with new money for hedge funds in February. Will that hold up in March? [more]
Opalesque Industry Update - Investors were bullish on hedge funds in February, allocating another $14.78 billion to funds around the world, according to the just-released February 2020 eVestment Hedge Fund Asset Flows Report. February inflows bring YTD 2020 flows to +$21.96 billion. However, per
26 Mar. 2020 Worldwide fund net assets increase in final quarter of 2019 [more]
Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA), has published its latest International Statistical Release describing the trends in worldwide investment fund industry in the fourth quarter of 2019. Worldwide regulated open-ended fund assets increased by 3.
26 Mar. 2020 Mayfield raises $750m across two new venture capital funds [more]
Laxman Pai, Opalesque Asia: Mayfield, a Menlo Park, Calif.-based venture capital firm, closed on $750 million in new capital across two venture capital funds. The new funds - $475 million Mayfield XVI and $275 million Mayfield Select II - brought the firm's current assets under management to o
26 Mar. 2020 Fort Ross Ventures collects $235m for tech-focused fund [more]
Laxman Pai, Opalesque Asia: Fort Ross Ventures, a California-based investment firm focused on startups in the U.S., Israel and Eastern Europe, said it has closed a $235m second fund, $35m above the original target. Demand for Fund II was fueled by the firm's recent exits, including Dynamic Yie
26 Mar. 2020 S&P: European CLOs not immune to effects of Covid-19 [more]
Laxman Pai, Opalesque Asia: The European collateralized loan obligation (CLO) market, like most other sectors, is not completely resistant to the effects of the COVID-19 pandemic, pointed out a study. An extended period of stress, brought on by the pandemic, may put downward pressure on Europe
25 Mar. 2020 Churchill racks up $2bn for second mid-market private equity focussed senior loan fund [more]
Laxman Pai, Opalesque Asia: Churchill Asset Management announced that it has completed fundraising for the Churchill Middle Market Senior Loan Fund II with $2 billion in limited partner commitments, exceeding its original target of $1 billion. Churchill is an investment-specialist affiliate o
25 Mar. 2020 The number of private capital industry active firms reached 10,500 as of December 2019 [more]
Laxman Pai, Opalesque Asia: The private capital industry continues on its upward trajectory, but evidence of capital consolidation is apparent, revealed a study by Preqin. It has grown significantly over the past 10 years. Driving this growth, more and more investors have flocked to alternati
25 Mar. 2020 Coronavirus: A "massive" hit on the global economy, worse global recession than forecast, says S&P Global Ratings [more]
Laxman Pai, Opalesque Asia: A global recession will occur later this year, S&P Global forecasts. Moves to slow the spread of the coronavirus will have a "massive" impact on the global economy, S&P Global Ratings warned. As more data come in on the effects of stay-in-place and other coronavirus
25 Mar. 2020 Most hedge funds strategies except CTAs were down in mid-March: Lyxor [more]
Laxman Pai, Opalesque Asia: Alternative strategies were fairly resilient during the first weeks of the market turmoil but cracks appeared mid-March, said Lyxor in its weekly brief. According to the report, as of March 16th, most strategies except CTAs were down in a range of -5 to -10% month-t
24 Mar. 2020 Ping An leads $146m capital raise for iCapital [more]
Opalesque Industry Update - iCapital Network the financial technology platform leading the industry in driving access and efficiency in alternative investing, today announced it closed a $146 million capital raise to fuel its future growth. Ping An Global Voyager Fund led the round, joined by new in
24 Mar. 2020 Anthony Scaramucci cancels 2020 SALT hedge fund conference in Las Vegas [more]
Laxman Pai, Opalesque Asia: Hedge fund veteran Anthony Scaramucci canceled SALT hedge fund conference in Las Vegas, which was due to take place May 19-21, 2020, on account of the public health concerns over COVID-19. "The wellbeing of the SALT community is our first priority, and after consul
24 Mar. 2020 Moody's downgrades global asset managers outlook to negative amid coronavirus pandemic [more]
Laxman Pai, Opalesque Asia: The spread of COVID-19 has led to a negative outlook for global asset managers by rating agency Moody's. The outlook was downgraded from stable. The rating agency said it shifted its sector overview from stable following the "precipitous drop" in assets under ma
24 Mar. 2020 MJ Hudson acquires third party marketer Meyler LLC [more]
Laxman Pai, Opalesque Asia: MJ Hudson, the asset management consultancy owned by MJH Group Holding, has acquired Meyler Capital to create expanded transatlantic marketing services offering for alternative assets fund managers. The company will market itself under the MJ Hudson Meyler brand,
24 Mar. 2020 Hedge funds eye buying opportunities, capital raises as markets selloff [more]
Bailey McCann, Opalesque New York: Markets are selling off, but some hedge fund managers are finding buying opportunities and a few shops are raising new funds in order to participate in the recovery. In an
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  1. PE/VC: Unicorns sometimes sting, Private equity at crossroads as rout offers deals, curbs lending, S&P survey shows sagging prospects for private equity[more]

    Unicorns sometimes sting From PIonline.com: Venture capital firms are on a roll. Some 259 U.S. venture capital funds amassed $46.3 billion in 2019, the second highest by amount of capital raised and number of funds since 2006, according to the PitchBook-NVCA Venture Monitor. The biggest f

  2. Study: Three threats to hedge funds, Institutions seeing more private credit risks[more]

    Three threats to hedge funds From All About Alpha: A recent paper by a scholar at Tilburg University and a market participant at Robeco outlines the difficulties that the hedge fund industry has faced over the last decade. These problems arose, at least in part, from the democratization o

  3. Hedge fund Solus to close flagship investment vehicle[more]

    From FT: Solus Alternative Asset Management, one of the best known specialists in distressed investments, is closing its flagship fund after suffering a combination of heavy redemptions and poor performance. The hedge fund, which as recently as November managed $4.3bn in assets, is one of the fi

  4. Coronavirus 'possibly the biggest economic event of all our lifetimes', 'Big short' Michael Burry has a bearish bet and warns of a selling stampede, Investors' Black Death fear driving panic, says Witan Investment Trust chief Andrew Bell[more]

    Coronavirus 'possibly the biggest economic event of all our lifetimes' A former macro fund manager said on Thursday that the economic impact of the coronavirus - which is shaving trillions off the stock market and exerting a domino effect on the world economy - might be even worse than th

  5. Investing: As markets plunge, short sellers make hay, Time to buy, says GMO[more]

    As markets plunge, short sellers make hay From Institutional Investor: Short sellers floundered during the bull market. But as the market tides have turned, so too have their fortunes. "Some people haven't invested in hedge funds for a very long time," said Mark Roberts, owner of sh