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.
Bailey McCann, Opalesque New York: Credit managers appear to be in a bit of a holding pattern according to new data from law firm Ropes&Gray. The pandemic has disrupted new launches and is pushing managers to focus on their existing platform products. Early in 2020, 50% of managers stated t
Laxman Pai, Opalesque Asia: Swedish pension fund Forsta AP-fonden, better known as AP1, has seeded what it describes as "the next generation of index funds" for emerging markets responsible investors, in partnership with Legal&General Investment Management (LGIM). The L&G Emerging Market Eq
Laxman Pai, Opalesque Asia: Hedge fund assets under management (AUM) have finally surpassed pre-COVID-19 levels, pushing to a new industry high of $3,696bn, said a report by Preqin. This record figure can primarily be attributed to improved performance in September (+5.17%, as measured by the
Laxman Pai, Opalesque Asia: Interest in credit hedge funds takes YTD allocations past $10bn: US public pensions increased gross commitments to hedge funds by $2.2bn in Q3, taking the YTD total past $10bn, said a study. According to HFM Insights' latest report, credit and real estate hedge
Opalesque Industry Update - Investors removed approximately -$5.04 billion from hedge funds in October, according to the just-released eVestment October 2020 Hedge Fund Asset Flows Report. Compared to overall hedge fund industry AUM, which stood at $3.148 trillion at the end of October, this is a sm
Opalesque Industry Update - ETFGI, the independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that actively managed ETFs and ETPs saw net inflows of US$7.28 billion during October, bringing year-to-date net inflows to a record level US$58.69 billion
Opalesque Industry Update - In 2013, when the term unicorn emerged, only 40 private companies had a valuation of one billion dollars in the world. Since then, the number of these financial giants surged, rising to a new record in 2020. According to data presented by BuyShares.co.nz, the number
By: Marc Israel, Kate Kelliher The UK has outlined the details of its new National Security and Investment Bill, heralding the introduction of a new regime for foreign direct investments in the UK. The new regime would introduce, for the first time, a mandatory pre-screening mechanism for deals
B. G., Opalesque Geneva: The best known seasonal progression is the outdoor temperature. Based on the time of the year, you probably know the range of temperatures you can expect. In trading, when you focus your attention only on p
In the week ending November 20th 2020, Eurekahedge reported that global hedge funds were down 0.05% in October, outperforming the global equity market by 2.24% for the second consecuti
Bailey McCann, Opalesque New York for New Managers: The pandemic has fundamentally changed how fund managers raise assets. Investors aren't up for in-person meetings anymore, but they are still investing. Hedge
Bailey McCann, Opalesque New York for New Managers: Emerging managers are responding to the new era of uncertainty by trying to exert a bit more control over fund terms, according to a new report from law firm Walke
In the week ending November 13th 2020, Preqin said that it expects hedge funds to hold onto their position as the second-largest alternative asset class in 2025, despite relatively weak growth i
Bailey McCann, Opalesque New York: Alternative managers were defined by the pandemic in 2020. As markets rushed to respond to the realities of lockdown, hot topics like ESG investing and improving diversity took a backseat. This year, investors were focused on capital preservation and performance
Bailey McCann, Opalesque New York: Winning the financing market depends on where you sit in the capital stack if things go south. If a company finds itself unable to pay all of its creditors, leveraged lenders generally want to make sure they're high enough on the list to be one of the handfu
In the week ending November 6th 2020, Peter Zhou, a former senior managing director at Coatue, has been launching his own new fund with at least $300 million in commitments already, sources say. China's Hony Capital Ltd. earlier this month closed its maiden venture-capital fund, raising $
B. G., Opalesque Geneva: UK-based investment managers will lose access to the European Economic Area (EEA) at the end of the year when Brexit is enacted, whether under MiFID, AIFMD, or UCITS passports. Even if there's a last-minute deal, says Laven Group, a London-based regulatory compliance
In the week ending October 30th 2020, an eVestment report revealed that the global hedge fund industry saw outflows of -$9.66 billion in September, bringing industry asset
Bailey McCann, Opalesque New York: For asset managers interested in sustainable investing, taking an activist role is becoming more common according to a new report from Schroders. The Schroders Institutional Investor Study 2020 includes data from 650 institutional investors representing $25
Bailey McCann, Opalesque New York: Pension plan sponsors are worried about how the pandemic and the upcoming election will ultimately impact their retirement plans, according to new data from pension consultant NEPC. Recent volatility in the market has already impacted funded status for pension p
Bailey McCann, Opalesque New York for New Managers: ThirdYear Capital has launched a new macro UCITS fund together with Agathon Capital and Universal-Investment. The ART Global Macro fund invests in liquid and excha
B. G., Opalesque Geneva: The Golden Eagle Growth Fund, which actively invests in the world's fastest growing companies using a quantitative method, has had a good run this month; it is up 22.2% MTD through October 13th close and 111.5% YTD. The Fund began
By: Jeremy Duffy, Eliza McDougall, Jake Mincemoyer, White & Case After taking a deep dive in Q2, US leveraged loan issuance picked up in Q3, while European markets gained year on year. Having navigated extreme market dislocation due to COVID-19 for the past six months, leveraged loan activity
By: Scott Moss, Lauren A. Schwartz, Lowenstein Sandler On October 7, 2020, the Securities and Exchange Commission (SEC) voted to adopt rule 12d1-4 under the Investment Company Act of 1940 and related amendments to streamline and enhance the regulatory framework, which governs registered funds th
by Perrine Dutronc, Sustainable Investing Specialist, Groupe La Française There is no common definition of "sustainable finance", which leaves ample room for interpretation when referencing sustainable investments. Sustainable investment strategies can be based on environmental or social
From Alternativesoft (information@alternativesoft.com): Some investment funds have done better than others during Covid-19. From data aggregated using AlternativeSoft's investment platform, we can see that easily the best performing investme
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
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
Seth Klarman bets big on Bill Ackman, other SPACs From MSN: Hedge fund manager Seth Klarman revealed several investments in SPACs during the third quarter, including a big bet on the largest SPAC from Bill Ackman. A 13F filing from the third quarter reveals Klarman's Baupost Fund to
Renaissance, Two Sigma see losses as quant giants navigate chaos From Bloomberg: Two of the hedge fund industry's quantitative powerhouses are getting tripped up this year as wild markets throw off their investing models. Renaissance Technologies, which manages the world's biggest q
Hedge funds bet on tech ahead of unpredictable fourth quarter From Bloomberg: Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month's U.S. election. If they're still holding on to those wagers, it will
From Reuters: Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy hitters rounded u
From CNBC: Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he's optimistic about a recovery in 2021, but investors will need to get through a "tragic" year-end first. "We think the next couple of months unfortunately are going to
Featuring : ASSET RAISING: TIME TO TURN THE TABLES!.The pandemic has structurally changed the process and methods of asset raising. Hedge funds, for example, got estimated net inflows of $13.0bn in 3Q 2020 but $11.2bn (82%) went to funds managing more than $5bn. Mid sized firms ...» Watch the video
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