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: Thanks to a contrarian investment style and heavy allocations to metals and mining, Eschler Recovery Fund (ERF) retuned 19.5% (net) in 2019, compared to the Credit Suisse Long/Short Index's 10.9% return, and has annualised 6.2% since its October 2012 inception. The fu
Laxman Pai, Opalesque Asia: Family offices allocation to hedge funds suffered a drop from 28% in 2018 to 22.4% in 2019, said a study. According to Peltz International Survey, in comparison to the 2018 survey results, the allocation to equities and fixed income increased while the allocation to
Laxman Pai, Opalesque Asia: The global private markets asset manager closed its latest alternative investment flagship fund, HarbourVest Fund XI, with $2.61 billion, exceeding its $2 billion fundraising target. The new fund is also 74% larger than its predecessor, HarbourVest Fund X, which cl
Laxman Pai, Opalesque Asia: New York-based global alternative investment manager Lexington Partners closed Lexington Capital Partners IX (LCP IX), an alternative investment fund that invests on the secondary markets, at $14 billion, surpassing its $12 billion target. The manager of secondary
Laxman Pai, Opalesque Asia: American global investment firm KKR has closed its second Next Generation Technology Growth Fund at $2.2bn. The fund will be targeting blossoming business areas such as fintech, digital media and data services in Europe, North America and Israel, KKR said. The
Laxman Pai, Opalesque Asia: Connecticut-based private equity firm Stone Point Capital has closed its eighth flagship fund - Trident VIII - on $7 billion, surpassing a $6.5 billion hard cap. The General Partner and affiliated entities committed more than $350 million. Trident VIII received
By: Kris Hatch, Idan Netser, Fenwick&West LLP U.S.-based venture capital and other funds that invest in foreign companies must be careful to avoid the passive foreign investment company (PFIC) rules, which could substantially increase the tax owed on exit for U.S. taxpaying investors. U.S. per
B. G., Opalesque Geneva: Investment research can be a drudgery but analysts stick to the tried and tested methods despite it all. Some may dream of a day when all data - asset classes, portfolios, analytics - could be made cohesive at the click of a button. Dmitri Alexeev, who has a PhD in m
In the week ending January 11th 2020, a report by eVestment said that the global hedge fund industry returned +1.75% in December, bringing aggregate 2019 full-year returns to +
B. G., Opalesque Geneva: Hong Kong-based LionRock Capital Partners is launching a consumer/sports private equity fund in partnership with Li-Ning Company Ltd, a
In the week ending January 3rd 2020, a study said that the hedge funds industry is now on track to record more closures than launches for a fifth straight year, a blow to a market that once minted millionaires at a heady pace. More than 4,000 funds have been liquidated in the past five years, accord
Bailey McCann, Opalesque New York: Preparations for a downturn are underway for the private equity and venture capital sectors, according to BDO's inaugural U.S. Private Capital Outlook. As they wait for the other shoe to drop, more than half of fund managers (50% of PE respondents and 54% of VC
Bailey McCann, Opalesque New York for New Managers: A new multi-strategy quantitative macro portfolio program called Aquanthus Premia has launched on the RCube Asset Management Platform. The strategy is managed by O
B. G., Opalesque Geneva: Three decades after the first efforts to achieve more diversity in the finance sector, 98% of the $69tn industry is still under the control of white men. It is hard to change the way women are viewed in this sector, and so it is hard to access the benefits that diversity
Bailey McCann, Opalesque New York: Hiring women as investors doesn't automatically mean that more women-owned businesses will be funded, according to delegates at the recent Opalesque Diversity Roundtable. In many cases, women with experience at financial firms learn to look for men just as o
Bailey McCann, Opalesque New York: Is VC culture deterring women entrepreneurs? Delegates at the recent Opalesque Diversity Roundtable suggest that the way VCs approach founders is keeping women from seeking VC funding. "The culture, the terms, and the environment that it creates turn women
B. G., Opalesque Geneva: Because of the still illegal nature of cannabis, there hasn't been any major research done, except for those conducted in Israel. Apparently, American b
In the week ending December 13th 2019, two brand name names funds are going opposite directions, at least performance wise: Maverick Capital posted explosive results in
B. G., Opalesque Geneva: As of July this year, about 66%, or $861bn, of total worldwide hedge fund assets were controlled by the 25 largest managers and 41% by the 10 top firms (Bridgewater, Renaissance, Man, AQR, Two Sigma, Millennium, Elliott, BlackRock, Citadel and Davidson Kempner) according
By: Russell Stein, Partridge Snow & Hahn LLP On Thursday, December 19th, the U.S. Department of Treasury released the long-awaited final Opportunity Zone Treasury Regulations. The Final Regulations and explanatory materials that span 544 pages, are quite extensive and give some needed clarity in
By Donald A. Steinbrugge, CFA - CEO, Agecroft Partners: The CFA Institute has released and circulated the final version of its guidelines to improve performance standards in the hedge fund industry. They will go into effect on January 1, 2020. We strongly support the effort to create and implement p
By: Martin Boyd, president of Capital Market Solutions for FIS Alternative asset managers are getting serious about embracing technology. Robotic process automation, machine learning and artificial intelligence - innovations I collectively refer to as emerging technology are having a moment in
By: Kate Binedell, Christine Ormond Bryan Cave Leighton Paisner ILPA has recently published a model limited partnership agreement (LPA) that reflects preferred terms and practices for the LP community investing in private equity funds. The Model LPA conforms to ILPA Principles 3.0 (published ear
By: Vivian Tang, Michael Wong, Dechert The Hong Kong Securities and Futures Commission (SFC) has announced that it reprimanded and fined a Hong Kong private equity firm, SEAVI Advent Ocean Private Equity Limited (PE Firm), for employing or appointing unlicensed persons to perform regulated functi
By: Shearman & Sterling LLP The U.K. Financial Conduct Authority has finalized new rules governing certain types of open-ended funds that invest in inherently illiquid assets. The rules include: A new category of "funds investing in inherently illiquid assets" that are subject to ad
By: Andrew Saunders, President, Castle Hill Capital Partners Finding the right investor for your alternative investment strategy is a challenge. Due to a combination of innovation and efficiency the speed dating format has taken hold as the preferred format for capital introduction events. The f
By: Jonathan Levy, Ballard Spahr The Securities and Exchange Commission's Office of Compliance Inspections and Examinations (OCIE) issued a risk alert earlier this month from its national examination program warning investment advisers of the most common compliance deficiencies that OCIE found r
By: Kris Hatch, Idan Netser, Fenwick & West LLP U.S.-based venture capital and other funds that invest in foreign companies must be careful to avoid the passive foreign investment company (PFIC) rules, which could substantially increase the tax owed on exit for U.S. taxpaying investors. U.S. per
Jim Simons's Renaissance Technologies LLC has produced the greatest investment returns of any hedge fund. Now, it also may be facing an unusually painful tax headache. Last week, Renaissance sent a letter to its current and former employees warning that the Internal Revenue Service could force them
D.E. Shaw's Orienteer strategy posts double-digit returns this year From Reuters: D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime. The Orie
Private equity takes a breather from investing in banks From American Banker: FirstCapital Bancshares of Texas has aspirations of going public in the next couple of years and it's counting on the resources and expertise of private-equity backer Castle Creek Capital to help it realize that
BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August From Business Insider: BlackRock's 23-year-old Obsidian hedge fund bested the average hedge fund, returning more than 13% in 2019 even after losing money in August. The fund, manage
Featuring : How TradeFlow Capital's FinTech disruption helps closing $1.5tn trade finance gap and enabling trade for SMEs globally.Conservatively, commodity trade represents around 25% of world trade, or around US$4.5 trillion per year. Commodities are the essentials of not just our lives, but the life of anyone around the world.However, the trade finan...» Watch the video
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