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.
It's been a rough few weeks for digital assets. In May alone, Bitcoin dropped from $58,000 to nearly $30,000. Performance in other digital currencies has been mixed at best. Chinese regulators announced greater scrutiny on cryptocurrency and US regulators have shied away from approving a Bitcoin
B. G., Opalesque Geneva: Matt Breidert, senior portfolio manager and managing director of Listed Sustainable Infrastructure&Energy Transition at TortoiseEcofin, talks to Opalesque about the role of shareh
Laxman Pai, Opalesque Asia: San Francisco-based private investment firm GI Partners closed buyout fund GI Partners Fund VI at $3.9 billion. The private equity fund, which focuses on North American health care, information technology infrastructure, services, and software companies, exceeded it
Laxman Pai, Opalesque Asia: Asia-Pacific-based private equity&venture capital dry powder has increased by 291% in the past decade, reaching a record high of almost $343bn as of April 2021, said Preqin. This correlates directly with an increase in allocations to the asset class, alongside privat
Opalesque Industry Update - SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68%, up from 2.46% in May. "SS&C GlobeOp's Forward Redemption Indicator for June 2021 of 2.68% reflects a 37% reduction in redemption notices compa
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
In the week ending June 18th 2021, hedge funds managing less than $1bn averaged gains of 1.4% in May, extending returns for the year to 8.9%. That puts smaller funds ahead o
B. G., Opalesque Geneva: According to Prestige group, a private debt provider that manages several specialist alternative credit funds, the two main themes shaping our world in response to the global pandemic are (1) fiscal stimulus and how and where it is distorting public markets, and (2) clima
B. G., Opalesque Geneva for New Managers: Second only to private equity, the global private credit asset class is expected to grow by 72% to US$1.5tln globally by 2025,
Bailey McCann, Opalesque New York: Zurich-based Aquis Capital has launched a new fund of funds focused on ESG. The Leo - Impactis Fund invests in ESG focused hedge funds globally. The fund will target returns of 8-12% per year. Aquis Capital AG is a boutique asset manager with a focus on hed
B. G., Opalesque Geneva for New Managers: Incu Global, a global fund platform launched in 2013, believes that the real value and substance of a funds business is
In the week ending June 11th 2021, HFRI revealed that hedge funds extended performance gains in May for the eighth consecutive month as investor optimism accelerated
Bailey McCann, Opalesque New York: Community foundations are focusing more on diversity, equity, and inclusion (DEI) policies, according to new data from FEG Investment Advisors. FEG surveyed 110 U.S. community foundations representing more than $30 billion in assets under advisement to understan
Matthias Knab, Opalesque: We find that Edale Europe Absolute Fund has been the best performing European Hedge Fund after the COVID-19 Financial shock that took place in March 2020. In this article we rank European Hedge Funds by their cumulative returns between April 2020 and March 2021.
In the week ending June 4th 2021, BarclayHedge said that coupled with a $28.5 billion monthly trading profit, total hedge fund industry assets rose to more than $4.07
B. G., Opalesque Geneva: Many investors, academics, and financial professionals believe market timing is impossible. Other investors, especially active traders, believe strongly in it. Market timing is most po
Bailey McCann, Opalesque New York for New Managers: Cannabis companies have boomed in recent years as legalization efforts at the state level in the US move forward. New York and New Jersey are the most recent state
B. G., Opalesque Geneva: Following the collapse of the LJM Preservation and Growth Fund in February 2018 after a sharp VIX spike, the U.S. Sec
In the week ending May 28th 2021, HFM reported that April gains fortify a strong six months for multi-strategy: The average multi-strategy hedge fund gained 1.3% in April
B. G., Opalesque Geneva: Robert Zuccaro, a quantitative investment pioneer and founder of Target QR Strategies, raises a new angle to this year's debate on growth stocks versus value stocks. Russell Investments predicted that value sto
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
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
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
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
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
By: Don Steinbrugge, Agecroft Partners Hedge fund capital introduction events, in which investors and fund managers meet in a speed-dating environment, have increased in popularity within the past decade. These events allow participating allocators to review the details of a large number
By: Andreas Hinsen, Loyens Loeff The decline in global M&A activity during the Covid-19 pandemic, combined with the ongoing lack of attractively priced targets, led to a rise in an alternative exit scenario for private equity firms: selling their portfolio companies to themselves, typically by c
By: Michael Hackett, David Heck, Jonathan Weiss The past year saw a burst in popularity of SPACs. More than half of companies that went public in 2020 did so using a SPAC on their way to raising over $80 billion in proceeds, and so far in 2021 SPAC offerings far outpace traditional IPOs. SPACs a
How Tiger Global earned its stripes as the world's biggest unicorn hunter From Crunch Base: Tiger Global Management, already one of the most voracious startup investors in recent years, is roaring into 2021 more aggressively than ever. The 20-year-old New York-based investing firm
Reverence Capital seeks $1.7bn for new buyout fund From PE Insights: Reverence Capital Partners is seeking $1.7 billion for its third private-equity fund, re-entering the market less than two years after a predecessor buyout vehicle exceeded its target by 60%, according to people famil
From Bloomberg: Man Group Plc-backed researchers at the University of Oxford say they've created a machine-learning program that can project how share prices move -- notching an 80% success rate for the equivalent of about 30 seconds of live trading. Artificial-intelligence experts at the Oxford
Tiger crowd suffers losses in May, with some funds now in the red From Institutional Investor: May was a rough month for many of the Tiger crowd. Several Tiger Cubs, Seeds and Grandcubs are down by double digits this year. A number of Tiger Cubs, Seeds and Grandcubs posted losses t
Madison Dearborn strikes $5bn to close its second-biggest fund to date From Alt Assets: US private equity major Madison Dearborn has struck a $5bn final close for Fund VIII to seal the second-biggest raise in its history. The firm's website confirms the vehicle is currently being u
Featuring : Steyn Capital: Exploiting market inefficiencies in undervalued and overlooked African and Frontier Markets.This Virtual Manager Visit takes us to Steyn Capital Management, an established African and Frontier markets focussed equities investor located in the winelands surrounding Cape Town, South Africa.Steyn Capital has been ...» Watch the video
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