Near Term Trend: Bullish
As of 10/13/2017 close: $57.38
UPDATE: Last week, I suggested covering shorts on a drop in price to $53.25.
No drop yet. Wait for it before covering.
B. G., Opalesque Geneva: 2020 resulted in the worst ever global airline financial performance. From a position where 2019 profits were just under $26bn, losses are expected to be over $118bn in 2020, according to
Laxman Pai, Opalesque Asia: Australian multi-affiliate manager, Mantis Funds announced that Rodney Green, a founder of Pacific Current Group and a pioneer in the multi-affiliate space, is joining its board. The Sydney-based fund manager which was launched last year by hedge fund managers Timot
Laxman Pai, Opalesque Asia: According to a study by Bain&Co, the private equity (PE) exit activity in 2020 followed the same pattern as investments. Both buyers and sellers hunkered down when the Covid-19 pandemic hit in the spring, and second-quarter activity went into a skid. But exit value
Laxman Pai, Opalesque Asia: As an effective way to derisk, Canadian defined benefit plans are gravitating toward greater allocations to alternative investments, said a survey. A survey from RBC Investor&Treasury Services revealed: "Canadian defined benefit pension plans are continuing
In the week ending March 05th, 2021, data provider Preqin said that hedge funds assets under management (AUM) grew to just shy of $4tn in Q4 2020, mainly driven by performance. AUM rose $299bn from
Opalesque Industry Update - Hedge funds surged in February to extend January gains as interest rates, commodity prices, and expectations for the reemergence of inflation all increased. The HFRI Fund Weighted Composite Index (FWC) gained +4.1 percent in February, while the investable HFRI 500 Fund We
Opalesque Industry Update - February data from TrackInsight shows that ETFs continued their growth trajectory to reach $8tln in AuM, driven by flows in North American markets and investor appetite for ESG products. Contributing to this important milestone were ETFs listed in North America w
Opalesque Industry Update - At the end of 2020, over a fifth (20.3%) of people working in the alternative assets were women, compared to 19.7% at the end of 2019, according to data provider Preqin. Venture capital had the highest female representation in the workforce at 21.8%. Real estate was
By: Elena Faloutsou, Greg Norman, Abigail Reeves - Skadden The negotiations that culminated in the establishment of the Trade and Cooperation Agreement (TCA) at the end of 2020 concluded with no meaningful agreement in relation to the provision of financial services between the United Kingdom an
Bailey McCann, Opalesque New York: SkyBridge Capital's SALT Conference is returning as an in-person event in 2021, with a venue change. The event will be held September 13-15 at the Javitz Center in New York City. SkyBridge says the change is in support of New York as the city works through i
Bailey McCann, Opalesque New York: 77% of secondaries fund managers expect to see a strong resurgence of deal flow over the next 12 months, according to a new survey from Investec. Respondents noted that while the pandemic has lasted longer than many anticipated, transaction volume has returned.
In the week ending February 26th 2020, eVestment Hedge Fund Asset Flows Report revealed that overall AUM for the hedge fund business in January stood at $3.345 trillion. Hedge funds attracted US
B. G., Opalesque Geneva: As reported yesterday, credit rating and research company
B. G., Opalesque Geneva: In 2008, Warren Buffett issued a challenge to the hedge fund industry, which he thought charged exorbitant fees that the funds' performances could not justify. Protégé Partners LLC accepted, and the two parties placed a million-dollar bet.
Bailey McCann, Opalesque New York for New Managers: Arion Investment Management, a London based commodity specialist, has launched a new multi-strategy commodity fund platform. Arion Alpha Strategies SPC includes fi
In the week ending February 19th 2021, eVestment released January 2021 hedge fund performance data which showed that hedge funds started 2021 on a high note with aver
B. G., Opalesque Geneva for New Managers: Carmika Partners LLP is a discretionary investment manager that specializes in quantitative volatility trading. Th
Bailey McCann, Opalesque New York: Pension funds continue to shift toward alternatives, according to a new study from pension consultants Willis Towers Watson. In 2000, just 7% of pension fund assets in developed economies were allocated to private markets and other alternatives, that number now
Bailey McCann, Opalesque New York: 2021 opened with another positive month for global equities and some funds were able to take advantage. The Apis Global Discovery Fund, from Apis Capital Advisors, ended the month up 8.4% building on strong 2020 returns of over 70% net. January marks the st
Matthias Knab, Opalesque: The five best performing hedge and mutual funds from April 2020 to December 2020 This brief article, compiled by AlternativeSoft, examines the five best performing hedge funds and the five
In the week ending February 12th 2021, HFR reported that hedge funds advanced in January to begin 2021, actively trading through a turbulent month dominated by a volatile
Bailey McCann, Opalesque New York: After years of calm markets, 2020 turned out to be the year tail risk funds were waiting for. Tail risk and other volatility strategies ended 2020 up significantly after 8 years of underperforming. Los Angeles-based Logica Capital Advisers was one of them.
In the week ending February 5th 2020, Preqin said that returns across hedge fund asset class were +16.63%, ahead of the S&P 500 PR Index (16.26%), resulting in the asset class' highest annual return sin
By Aaron Steinberg, Head of Prime Services Sales and Relationship Management at BNY Mellon Pershing There were 42 launches in Q3 of 2020-the lowest of any fiscal quarter of the last five years-and of those launch
By: Catherine Botticelli , Anthony S. Kelly, Eric Auslander, Dennis Lawson and Lindsay E. Ray Overriding a presidential veto, Congress on January 1, 2021 enacted the William M. (Mac) Thornberry National Defense Authorization Act (NDAA) for Fiscal Year 2021. In part, the NDAA restored significant
By: Ian Bagshaw | Oliver Brahmst | Daniel Yeh Global private equity dealmaking continued its dramatic return to form in the fourth quarter, posting a strong finish to the year. Total deal value in Q4 came to US$336.5 billion, a 40% increase on the same quarter in 2019, while volume climbed 12% t
By: Michele J. Alexander, Barnes & Thornburg On Jan. 7, 2021, the Internal Revenue Service (IRS) and the Treasury Department issued final regulations regarding the treatment of carried interests, or profits interests in partnerships that generally entitle service providers to share in appreciati
By: Don Steinbrugge, Agecroft Partners 1. Hedge fund industry AUM to reach all-time high driven by net inflows Hedge fund industry assets will reach an all-time high in 2021 driven by one of the largest positive net inflows into the hedge fund industry in over a decade. Although the
By:Peter LaVigne, Nicholas Losurdo, Jana Steenholdt - Goodwin Christmas came early for many in the digital asset community by way of a statement from the U.S. Securities and Exchange Commission on December 23, 2020 that grants relief in the area of broker "custody" of digital asset securities. T
By: Kevin R. Edgar, Teresa Goody Guillén, Bari R. Nadworny and Michelle N. Tanney On December 8, 2020, the U.S. House of Representatives approved final passage of a $740.5 billion annual defense policy bill, the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021b
From Bloomberg: Two of the hottest equity market trends are headed for a clash as some ESG investors are having second thoughts about blank-check firms that have flooded the market. Early signs show that money managers wedded to environmental, social and governance themes are reluctant to buy in
Casdin, Corvex are on a SPAC tear From Institutional Investor: Casdin Capital and Corvex Management are the latest serial blank-check sponsors.The two hedge fund firms filed plans for their third special purpose acquisition company, or SPAC, just two days after pricing their second one a
Vector Group announced the launch of New Valley Ventures, an investment vehicle seeking opportunities in next-generation technologies in the property technology (PropTech) space. New Valley Ventures will invest in promising PropTech startups committed to supporting rapid transformation of the real e
Perceptive Advisors lays out the $8bn hedge fund's SPAC strategy From MSN: Compared to the average SPAC sponsor, Perceptive Advisors' track record has been phenomenal. Less than a third of SPACs that took a target company public between 2015 and the summer of 2020 generated positive retu
Featuring : Consistent Performers: Why the top 50 hedge funds outperform by 7% p.a..Eric Uhlfelder's 2020 Survey on the Top 50 Hedge Funds found that the average 5-year annualized net return was over the surveyed 5 year period was more ...» Watch the video
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