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: In the midst of the current market turmoil, this is the fourth of our regular reports on hedge fund managers who have bucked the trend. You can read Report 1 he
B. G., Opalesque Geneva: There is a looming credit crisis in emerging markets as tumbling currencies and plunging commodity prices have hit countries burdened by high debts, especially in Africa and Latin America, the FT
Laxman Pai, Opalesque Asia: Fundraising in private debt slumped substantially over the first quarter of 2020, as fund managers evaluate the potential fallout from the economic volatility caused by the outbreak of COVID-19, said a study. A bleak picture emerged in the private debt fundraising
Laxman Pai, Opalesque Asia: New York-based global private markets investment firm StepStone Group, LP, closed its secondary private equity fund that invests on the secondary markets, raising US$2.1 billion of commitments. StepStone Secondary Opportunities Fund IV (SSOF IV) surpassed its origi
Laxman Pai, Opalesque Asia: After dropping off in Q4 2019, private real estate fundraising declined even further in the first quarter of 2020, said Preqin. Amid global economic challenges, total capital raised in Q1 2020 is more than 2x lower than in Q1 2019. According to Preqin Quarterly Upd
Bill Prew, CEO of INDOS Financial, a UK-based independent fund depositary and oversight business, has flagged the following new regulatory proposals potentially impacting alternative investment funds: There was an interesting consultatio
B. G., Opalesque Geneva: In the midst of the current market turmoil, this is the third of our regular reports on hedge fund managers who have bucked the trend. The global spread of the COVID-19 virus has led to the fastest-ever -30% decline from a peak in major global equity markets. March 2
B. G., Opalesque Geneva: In the midst of the current market turmoil, this is the second of our regular reports on hedge fund managers who bucked the trend. Report 1 can be found here
Bailey McCann, Opalesque New York: by Kevin P. Scanlan and Darina Delappe Liquidity management has been a hot topic for hedge fund managers (managers) since the great financial crisis of 2008. Liquidity management will likely receive renewed focus from investors and regulators given the recen
B. G., Opalesque Geneva: In the midst of the current market turmoil, this is the first of our regular reports on hedge fund managers who are bucking the trend. Niche-oriented strategy that avoids crowded rooms As
In the week ending April 3rd 2020, multi-strategy hedge funds - those that bet on a broad array of markets using teams of traders, leverage and centralized risk management - have flourished as stocks ended their worst three months since the 2008 financial crisis, said a Reuters report. Long vol
B. G., Opalesque Geneva: The Federal Reserve said last week it would launch several several programs to "support households, businesses, and the U.S. economy overall in this challenging time."
Bailey McCann, Opalesque New York: A small but growing area of private debt could be a new source of opportunity for investors. A new paper from Monroe Capital highlights how technology and software as a service private debt transactions can be a source of return. In the paper, Monroe argues
Bailey McCann, Opalesque New York: Nordic Investment Bank (NIB) will start to issue NIB Response Bonds to finance eligible projects that aim to alleviate the social and economic consequences caused by the COVID-19 coronavirus pandemic in the bank's Nordic-Baltic member countries. The one bill
Bailey McCann, Opalesque New York: Litigation finance firms could be unexpected beneficiaries of the coronavirus crisis. Litigation funders are usually paid out when cases resolve. However, as cases stall out in courts that are either closed or wrestling with how to conduct virtual trials, litiga
In the week ending March 27th 2020, the eVestment Hedge Fund Asset Flows Report said that investors were bullish on hedge funds in February, allocating another $14.78 bi
Bailey McCann, Opalesque New York: The coronavirus crash has been steep and we may not be done yet according to new data. Treasury management company Hazeltree released a new research note today suggesting that hedge fund managers should prepare for increased margin calls alongside continued liqu
Bailey McCann, Opalesque New York: José María Loizaga Viguri, who is credited with the establishing private equity in Spain has died from complications relating to Coronavirus, he was 84. At the time of his death, Loizaga was a vice president at Spanish construction giant ACS Group. Loizaga h
In the week ending March 20th 2020, a report by Preqin revealed that the Preqin All-Strategies Hedge Funds benchmark suffered significant losses (-2.21%) in February, compared
Bailey McCann, Opalesque New York for New Managers: Carbon Cap Management, a London based environmental asset management firm has launched the World Carbon Fund. The fund invests in multiple liquid and regulated car
By: Robert Seber, Vinson & Elkins This Q&A attempts to answer some questions that may be on the mind of private equity sponsors who are nervous about the reactions of their LPs to the current crisis. Can our LPs terminate our fund? You need to check your fund agreement. According to
By Mark Walker, managing partner at Tollymore Investment Partners, London: We can make no clear conclusions on how much further markets may decline. We do know that this panic will subside but don't know if it will accelerate before it subsides. Anyone claiming the ability to be able
By Donald A. Steinbrugge, founder and CEO, Agecroft Partners, LLC: The changing landscape caused by the Coronavirus will lead to the largest shake out in the hedge fund industry since the 2008 market crash. Below are some of the ways we believe the Coronavirus will impact the hedge fund ind
From Christian Armbruester, Blu Family Office Why crashes are a wonderful way to discern good investment strategies from bad managers. Separating the proverbial "men from the boys" is a great exercise in times like these. When markets come under duress, is when you really find out who has
By David Murrin. We have been tracking the progression of the impending market Collapse and the Wuhan Virus. We are now at the point of impact when the effects of the virus touch everyone and the reality of the global economic crunch also hits home. Hence the title above, taken from the words o
By: Abbe Dienstag, Richard Gilden Kramer Levin Naftalis & Frankel On Feb. 13, 2020, final regulations became effective updating and refining rules regarding transaction reviews by the Committee on Foreign Investments in the United States (CFIUS). These regulations, which until now have been in i
Strong performance alone will not attract assets, says Donald A. Steinbrugge, founder and CEO of Agecroft Partners: Over the past decade, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. Evestment estimates that almost 60
By Graham Clapp, Manager of the RWC Continental European Equity Fund Share prices for ESG focused companies are soaring, as investors ignore fundamentals in the hope of finding the long-term winners which can tackle environmental problems - a move echoing the tech bubble of the late nineties
Ray Dalio's Bridgewater scales down European short bets after $3.2bn windfall From Financial News: Bridgewater Associates, the world's biggest hedge fund, has retreated from shorting European stocks after making an estimated €2.9bn ($3.2bn), as its founder and co-chairman Ray Dalio c
Pershing Square Holdings (PSH)'s Bill Ackman wrote a letter to investors outlining his insight on the coronavirus pandemic in the United States. He revealed that PSH completed the process of exiting the hedges on 23 March, netting a gross $2.1bn for PSH, after turning 'increasingly positive on equit
LGPS Central sets up investment grade bond fund From IPE: LGPS Central, the asset pooling vehicle for eight local government pension schemes (LGPS) based in England's Midlands, has launched a global investment grade corporate bond fund in order to meet its partner funds' needs. The po
Marathon sees cheap assets amid dislocation in credit From Bloomberg: Distressed-investment specialist Marathon Asset Management is buying beaten-up debt amid the greatest dislocation in credit markets since 2008, according to Bruce Richards, co-founder and chief investment officer of the
Carlyle picks 2 deputy heads for Japan buyout advisory team From PIonline.com: Takaomi Tomioka and Hiroyuki Otsuka were named deputy heads of the Japan buyout advisory team at Carlyle Group. The positions are new, confirmed a spokeswoman for the New York-based private markets investment g
Featuring : Symphony Financial Partners’ Value Realization Fund has returned over 24% p.a. for the last 8 years and is set to continue.Symphony Financial Partners “engaged” deep value Japanese equity strategy has delivered over 24% annualized returns for the past 8 years and in the high teens for over 16 years. And the story goes that they are just getting st...» Watch the video
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