Other Voices: The evolution of hedge fund capital introduction events... [more]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

Crosspoint nabs $1.3bn for debut fund... [more]Laxman Pai, Opalesque Asia: Private equity manager Crosspoint Capital Partners has closed its debut fund, Crosspoint Capital Fund I, at $1.3 billion. The investment fund is focused on the cybersecurity, privacy, and infrastructure software sectors. The fund exceeded its $1 billion fundraising

Hedge funds recorded their best Q1 performance since 2006 on the back of a global equity rally... [more]Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.95% in March 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 3.24% over the same period. Long-dated US treasuries continued to sell off, resulting in

Chinese hedge fund jumps 258% after dumping Ray Dalio's strategy, Quantumrock's flagship strategy closes the first quarter with +2.77 %, Invesco's March assets rise on favorable market returns, inflows... [more] Chinese hedge fund jumps 258% after dumping Ray Dalio's strategy From Bloomberg: Shanghai hedge fund manager Li Bei says she learned quickly that the low-volatility approach to investing behind the rise of Bridgewater Associates was doomed in China for a startup like hers. Steady ret

How hedge funds lost their way and why they'll come back... [more]From Bloomberg: There's no shortage of shiny objects for investors to chase these days, from Bitcoin to SPACs to NFTs to pot stocks to GameStop and green energy. Notably missing from the list are equity hedge funds, and they have been for many years. But that may be about to change. Equity hedge fu

Archegos Collapse: Teng Yue, Bill Hwang Protégé’s hedge fund, fell 29% in March rout, Bill Hwang invested millions in other Tiger Cubs, including Chase Coleman's Tiger Global and Steve Mandel's Lone Pine, Archegos ripples through banks' lucrative hedge fund business, Archegos left a sparse paper trail for a $10bn firm, Credit Suisse is offering blocks of Archegos-linked stocks, Nomura to tighten financing for hedge fund clients in the wake of Archegos blowup, ECB seeks details on banks' hedge fund risks after Archegos... [more] Teng Yue, Bill Hwang Protégé's hedge fund, fell 29% in March rout From Institutional Investor: Teng Yue Partners, the hedge fund founded by former Bill Hwang protégé Tao Li, lost 29 percent in March as it fell victim to the liquidation of at least one of the stocks held by Hwang's Arc

New Launches: Coinbase early investor Blockchain Capital raises $300m for more crypto-related investments, CenterOak Partners strikes $690m Fund II hard cap, Phoenix Group launches first dedicated venture capital fund... [more] Coinbase early investor Blockchain Capital raises $300m for more crypto-related investments From Biz Journals: Blockchain Capital finished raising $300 million for its fifth venture capital fund shortly before one of its biggest winners, Coinbase, goes public Wednesday, the firm's Managi

Institutional Investors: Top pension manager IMCO re-allocating $3bn global hedge fund portfolio, Texas Municipal commits $560m to 5 alts strategies, Texas Employees discloses $246m in commitments, Kansas City Employees adopts global strategy with small-cap swing... [more] Top pension manager IMCO re-allocating $3bn global hedge fund portfolio From Reuters: Canadian pension manager Investment Management Corporation of Ontario (IMCO) is exiting its C$3.8 billion ($3 billion)investment in fund of hedge funds and re-investing in single-name strategies, CEO Be

Investing: Why two hedge fund giants are fighting over box stock,... [more]Share prices of Box were down around 10% last week after it announced a new funding round from investment firm KKR . The $500 million investment was likely a counterpunch to Starboard Value, which has held an activist stake in Box since the fall of 2019 and has increasingly tried to take control of

SPACs: Singapore's Grab to list in U.S. in $40bn SPAC deal, SPAC fervor eases as biggest deal on record gets ho-hum response, Regulators ramp up scrutiny of SPACs, 5 things to watch out for before you invest in SPACs, SPACs may cast wider net as competition for targets increases... [more] Singapore's Grab to list in U.S. in $40bn SPAC deal From Bloomberg: Grab Holdings Inc., Southeast Asia's most valuable startup, is going public in the U.S. through the largest-ever merger with a blank-check company. The Singapore-based startup is set to have a market value of about $39.6

People: Brevan Howard hires ex-Point72 CTO Singh as it ramps up its 'Alpha Strategies' systematic trading fund, Top institutions race to appoint sustainability chiefs in Asia... [more] Brevan Howard hires ex-Point72 CTO Singh as it ramps up its 'Alpha Strategies' systematic trading fund From Business Insider: Brevan Howard has hired a chief technology officer for one of its largest strategies as the $13 billion hedge fund ramps up hiring amid a streak of strong returns

Crypto: Hedge fund ProChain Capital: Companies dabbling in blockchain are taking off, Coinbase listing set to capitalise on crypto bull run, North American crypto miners prepare to challenge China's dominance, New radical Bitcoin price model reveals when shock Bitcoin rally could peak... [more] Hedge fund ProChain Capital: Companies dabbling in blockchain are taking off ProChain Capital, a cryptocurrency investment firm that operates a crypto-based hedge fund, has experienced a nearly 70% return year-to-date. The fund actively invests in larger tokens like Bitcoin, Ethereum, Li

M&A: French boutique Meeschaert AM merges with multi-strategy alts firm... [more]From City Wire: The Meeschaert Group has merged with French financial group LFPI, the firms have announced. LFPI, which specialises in private debt, real estate and asset management through its subsidiary Amilton Asset Management, acquired Meeschaert on April 1. Meeschaert's France-based activ

SWF: China considers shifting Huarong stake to sovereign wealth fund, Temasek and BlackRock form $600m decarbonisation investment partnership... [more] China considers shifting Huarong stake to sovereign wealth fund From Bloomberg: China's finance ministry is considering transferring its stake in China Huarong Asset Management Co. to a unit of the nation's sovereign wealth fund that invests in financial companies, according to a person

Tech: How AI can help investors manage risk... [more]From Top 1000 Funds: The C$23 billion Canadian fund, OPTrust is embracing the power of technology to improve investment outcomes. Wei Xie and Brandon Da Silva explain the fund's focus on two subdomains of machine learning and how they can be used together: reinforcement learning and uncertainty mode

U.S.: Top bidder for Tribune newspapers is an influential liberal donor... [more]From NY Times: The Swiss billionaire HansjÖrg Wyss helped build a sophisticated behind-the-scenes operation that attacked Republicans and promoted Democratic causes. Long before he emerged as a potential champion of journalism with his bid for Tribune Publishing, the Swiss billionaire Hansj

Europe: APG increases focus on Dutch investments, Czech billionaire swoops on Sainsbury's, Credit Suisse identifies $2.3bn at risk in Greensill funds... [more] APG increases focus on Dutch investments From IPE: APG has been increasingly focusing its attention on investment opportunities in the Netherlands as it becomes almost impossible to visit companies and investment projects abroad. "This fits with our ambition to invest more in the Net

Asia: Toshiba investor Oasis unimpressed by CVC's $20bn offer, China okays private fund launches by eight foreign firms in 2020, Why HK stocks are attracting Chinese, global asset owners... [more] Toshiba investor Oasis unimpressed by CVC's $20bn offer From Reuters: Hong Kong-based activist fund Oasis Management belies CVC Capital's $20 billion proposal to take Toshiba Corp private is "far below fair value" and has urged the Japanese conglomerate to seek other offers. An inves

PE/VC: Private equity fundraising reaches record high, Private credit volume looks 'robust' with competition heating up... [more] Private equity fundraising reaches record high From PE News: After a surprisingly resilient fundraising market last year, private equity kicked off 2021 with similar excitement, piling up record amounts of dry powder. To date, GPs have amassed roughly $50bn for 58 European-focused funds,

ESG: Corporates accelerate green action but investors urge more, says research, Investors, businesses call for ambitious emissions goals, NEPC divulges 'the good, the bad, and the ugly' in diversity report card... [more] Corporates accelerate green action but investors urge more, says research From Finance Asia: A new global survey of companies and institutional investors commissioned by ING shows the benefits of Covid-19 in accelerating the green transformation plans of many companies but with investors

Philanthropy: Billionaire couple promises - again - to give away wealth for public good... [more]A billionaire couple who promised to give away most of their fortune a decade ago has made a new charity-related pledge: a commitment to donate 5% of their net worth every year. Former Enron trader and hedge fund manager John Arnold and his wife Laura, a former lawyer, made the 5%-per-year promi

Activists: Activist fund Petrus starts proxy fight at German bank Aareal... [more]From FT: London-based activist hedge fund Petrus Advisers has launched a proxy fight at Germany's Aareal Bank with the nomination of three executives to the real estate lender's supervisory board. Petrus owns just under 10 per cent of Aareal and has been critical of the bank's "excessive and une

News Briefs: TikTok founder's $60bn fortune places him among the world's richest people, World's top 8 richest now hold fortune worth $1tn, added $110bn in 2021... [more] TikTok founder's $60bn fortune places him among the world's richest people From Bloomberg: Just last year, the world's most valuable startup, ByteDance Ltd., was being squeezed from all sides. The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sh

And, finally: It was about time... [more]From CNN: The Texan who had the world's longest nails grown by a woman can finally open a door without fear after cutting them. Ayanna Williams of Houston broke the Guinness World Record for the world's longest fingernails in 2017, when they measured nearly 19 feet long. It took her more than tw