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.
Laxman Pai, Opalesque Asia: India has become one of the most dynamic digital financial ecosystems globally in recent years, rivaling Greater China directly as a top destination for private capital investment in the sector, said a report by Preqin. India soaked up more than a quarter (27%) of b
In the week ending September 18th 2020, Eurekahedge reported that global hedge funds recorded their best five-month performance of 12.85% in August after they suffered from their wor
Opalesque Industry Update - After a four-month string of asset outflows from hedge funds in March through June, hedge funds continued in asset-recovery mode in August, with investors adding $7.36 billion to the industry last month, according to the just-released August 2020 eVestment Hedge Fund Asse
By: Gus Black, Zachary Oswald, Albert Tse, Thiha Tun, Dechert The Institutional Limited Partners Association has recently released an update to its model limited partnership agreement for private equity funds and other closed-ended funds. One of the stated benefits of the Model LPA and the recent
For Xingtai Capital investing in China is about going beyond the headline names that everyone knows like Tencent or Alibaba. They adopt a value-driven approach to investing in Chinese growth, and believe growth will be driven by the consumer in China. Xingtai has outperformed this year by identifyin
For New Managers: The pandemic may be creating fertile ground for digital currencies. In a recent speech, Christine Lagarde, president of the European Central Bank, suggested that Europe's central bankers are cl
2020 has been the year of the long volatility trade. After years of investors being paid handsomely to short volatility, the first quarter of this year reminded investors what realized volatility looks like. For Swiss firm Deep Field Capital, 2020 has been an ideal year to explain why volatility str
In the week ending September 11th 2020, a new research from KPMG and the Alternative Investment Management Association (AIMA) revealed that the COVID-19 experience has proven
Bailey McCann, Opalesque New York: 2020 is proving to be a trial by fire year for energy traders. Just when it looked like the rebound in oil prices might have legs, oil suppliers are once again booking tankers to store millions of barrels of crude oil and refined fuels at sea. China's post-c
Bailey McCann, Opalesque New York: Risk managers are supposed to rely on hard data, but what happens when a gut feeling is more accurate? A new note from consultants at Capital Market Risk Advisors (CMRA) suggests that one of the big lessons of the covid era is that risk managers should follow th
In the week ending September 4th 2020, hedge fund assets under management (AUM) have risen in the second quarter of 2020, said Preqin. In a Q1 2020 rocked by poor performance and signifi
B. G., Opalesque Geneva: There is a quant manager in Zurich that does things a little differently, which has helped a lot so far this year. ICON Asset Management, which was mentioned in the
B. G., Opalesque Geneva: Today's equity valuations have rarely been higher, and fixed income yields are at historic lows. There's a fixed income manager based in Idaho called ProfitScore that has a solution for that: measure flight-to-q
Bailey McCann, Opalesque New York: The pandemic is finally coming for private equity. New data from Capstone Headwaters shows that mid-market deal activity dropped by 21.6% in the second quarter. Overall deal volume in the mid-market has dropped 50% since the start of the year. Debt financing is
Bailey McCann, Opalesque New York: European stocks have underperformed this year compared to the US, but some managers are looking for and finding new opportunities. London-based Otus Capital Management's Maga Smaller Companies Fund is up 9.66% year to date through May, according to performa
In the week ending August 28th 2020, HFR said that emerging Markets and Asian hedge funds surged in 2Q 2020, recovering from steep losses experienced in late 1Q, with m
Bailey McCann, Opalesque New York for New Managers: Commodities markets have been a source of significant volatility this year. Beyond the major drawdown in energy, other areas including metals and agriculture have
Laxman Pai, Opalesque Asia: An overwhelming majority (89%) of European institutional investors, including pension schemes, surveyed now consider wider environmental, social and governance (ESG) risks as part of their investment decisions, up from 55% in 2019. According to Mercer's latest Eur
By: Philip Pirecki, Jersey Finance The first half of 2020 for the US was a fragmented, disrupted and at times tumultuous period. From an economic perspective, after a period of a few years of achieving
By Donald A. Steinbrugge, CFA, Founder and CEO - Agecroft Partners, LLCThe hedge fund industry is dynamic, comprising numerous strategies that attract varying degrees of interest over time. Demand for each strategy is impacted by many variables including capital market valuations, expectations of
By James Jampel, HITE Hedge Asset Management Warren Buffet said in 1999: "Sometimes, incidentally, it is much easier in these transforming events to figure out the losers. You could have grasped the importance of the auto when it came along but still found it hard to pick companies that would ma
By Donald A. Steinbrugge, CFA, Founder and CEO - Agecroft Partners, LLC Although hedge fund indices can be a very useful tool, indices can also create confusion if their construction and composition are not well understood. Take for example hedge fund industry performance: what does this number r
By: Andrew Schaffer, Timothy Spangler, Audrey Wagner, Nicholas C.D. Ward, Dechert The Commodity Futures Trading Commission published in the Federal Register on June 24, 2020 its final interpretive guidance concerning retail commodity transactions involving certain digital assets (2020 Guidance).
By: Bryan Haynes, Ian Michael, Byron Tse The COVID-19 pandemic has pushed global financial markets into a prolonged period of volatility and uncertainty (see our article on the impact of COVID-19 on M&A deal flow), reminiscent of the 2007-08 financial crisis. Many businesses have languished sinc
By: Michael Dashefsky, R. Dale Grimes, Lucas Ross Smith - Bass, Berry & Sims In a statement to Congress last week, Commissioner Rohit Chopra of the Federal Trade Commission (FTC) advocated for increased antitrust enforcement against private equity-backed "roll-up" acquisition strategies, especia
By: Deric Behar, Stephen Wink, Latham & Watkins On July 6, 2020, asset management firm Arca announced that the US Securities and Exchange Commission (SEC) granted it approval under the Investment Company Act of 1940 to issue shares of a closed-end US Treasury fund in the form of digital securiti
Tech stocks aren't in a bubble, but investors should be pickier, Credit Suisse says From Business Insider: Credit Suisse on Thursday trimmed its overweight rating for tech stocks, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks&#
Third Point buys stakes in Facebook, Alibaba in Q2, exits Sony, Allergan Third Point LLC acquired new stakes in Facebook Inc. and Chinese e-commerce companies Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter of 2020 as it divested positions in Sony Corp. and drugmaker
Investors have bet big that you can get private equity returns in the public markets. A new study says otherwise From Institutional Investor: New research suggests private-equity-owned firms respond differently to financial distress - and that the resulting performance "cannot be replicat
Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol
Featuring : How a veteran quant investor with 40+ years of experience still dominates the stock market.Robert Zuccaro, founder of Target QR Strategies, manages a portfolio of the ‘world’s fastest growing companies’ using a systematic process for stock selection. He’s an early pioneer of quantitative stock research with 4...» Watch the video
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