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HELPCENTER
24 Jan. 2019 Silver Lane acquired by Raymond James [more]
Bailey McCann, Opalesque New York: Boutique investment bank Silver Lane has been acquired by Raymond James. The transaction is expected to close in April of this year. Terms of the transaction were not disclosed. The Silver Lane team will become the Asset & Wealth Management group within the
23 Jan. 2019 IMDDA extends period for first global designation exam [more]
Opalesque Industry Update - Faced with high demand, the Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organization dedicated to the professionals who investigate facts concerning investment programs, announced that it has extended the global testing period for
23 Jan. 2019 63% of institutional investors feel senior execs don't understand blockchain [more]
Laxman Pai, Opalesque Asia: 63% of respondents believe that senior business executives at large established businesses have a poor understanding of blockchain technology, said a small industry poll. A survey of institutional investors by the Global Blockchain Business Council (GBBC) revealed t
22 Jan. 2019 Lyxor maintain overweight on merger arbitrage [more]
Laxman Pai, Opalesque Asia: Alternative strategies appear overall attractive but dispersion across strategies might be high, said Lyxor in its weekly brief. "As we start 2019, we are positioned around three axes: reduce exposure to high beta strategies, reduce sensitivity to Momentum, and lev
22 Jan. 2019 Asia-Pacific outpaces global AUM, doubling to $30tn by 2025: PwC [more]
Laxman Pai, Opalesque Asia: By 2025, assets under management (AUM) in the Asia-Pacific (APAC) is set to outpace any other region globally, and almost double that from 2017. According to a report released by PwC, Asia-Pacific AUM is set to grow at a compound annual growth rate of 8.7%, from $1
22 Jan. 2019 Swiss Bank Falcon launches crypto wallet [more]
Laxman Pai, Opalesque Asia: Switzerland-based Falcon Private Bank has introduced a cryptocurrency wallet as well as support for direct transfers and storage of select cryptocurrencies for private and institutional investors. According to an official press release, both private and institution
21 Jan. 2019 Bainbridge Equity Market Neutral fund launched with reduced fees for early investors [more]
Laxman Pai, Opalesque Asia: London based quantitative investment specialist Bainbridge Partners has launched a multi-strategy, global, equity market neutral investment fund following approval by the CSSF in Luxembourg, late last year. According to company sources, the fund has launched with
21 Jan. 2019 Crypto exchange Binance enters European markets with JTC, Carey Olsen support [more]
Laxman Pai, Opalesque Asia: Binance, which claims to be the world's largest cryptocurrency exchange, has expanded into the European market with its entry into the Island of Jersey, a self-governing dependency of Great Britain. The offshore law firm Carey Olsen has provided legal and regulato
18 Jan. 2019 Investors in hedge funds redeem $22 bln in 4Q 2018, highest quarterly outflow since 3Q 2016 [more]
Opalesque Industry Update - Total hedge fund industry capital declined from the prior quarter record as investors redeemed capital, equity markets posted record losses, and financial market volatility surged. Investors redeemed an estimated $22.5 billion (0.7 percent of industry capital) from h
18 Jan. 2019 Eurekahedge ILS Advisers Index ended 2018 down 2.93% in second loss year [more]
Laxman Pai, Opalesque Asia: The Eurekahedge ILS Advisers Index, that covers insurance-linked securities (ILS) hedge fund strategies, ended 2018 down 2.93%, recording its second consecutive year of losses after 2017, during which the index slumped 5.60%. The catastrophic losses incurred by Hu
18 Jan. 2019 Global hedge fund industry AUM stood at $2.336tn as of December 2018: Eurekahedge [more]
Laxman Pai, Opalesque Asia: The assets under management (AUM) of the global hedge fund industry stood at $2.336tn as of December 2018, down roughly 4.5% throughout the year, placing 2018 as the worst year for the global hedge fund industry since the global financial crisis. According to Eureka
17 Jan. 2019 Preqin: Dry powder in PE reaches $2tn [more]
Opalesque Industry Update - At the end of June 2018, private capital dry powder - the capital available for fund managers to deploy - surpassed the $2tn mark to reach $2.10tn. Geographically, the majority of dry powder is still targeting North America, although that proportion has been declining in
17 Jan. 2019 Barclay CTA Index gains 0.30% in December, (-2.85% 2018) [more]
Opalesque Industry Update - The Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions, posted a 0.30% rate of return in December. For the year the index was down 2.85%. Equity market volatility contributed to a challenging year for many managed futures indices. Currency v
17 Jan. 2019 Man GLG appoints three portfolio managers in London and Hong Kong [more]
Opalesque Industry Update - Man GLG, the discretionary investment management business of Man Group, is pleased to announce the appointment of three portfolio managers within its long-short equity team - Nick Longcroft, Matteo De Paulis, and Julien Sallmard. Nick will be based in Hong Kong and focus
17 Jan. 2019 Orchard Global Asset Management raises $2.5bn in Taiga Special Opportunities Fund [more]
Opalesque Industry Update - Orchard Global Asset Management (OGAM), an alternative investment management firm with a focus on opportunistic fixed income and structured credit transactions, announced that it has closed the Taiga Special Opportunities Fund after raising $2.5bn in capital commitments.
17 Jan. 2019 Fieldfisher launches Cummings Fisher, a hedge fund, derivative and alternative investment management-focused law firm [more]
Opalesque Industry Update - European law firm Fieldfisher has launched specialist law firm Cummings Fisher focusing on hedge funds, derivatives and the alternative investment management sectors. Cummings Fisher is led by its three principal partners: Managing Partner Claire Cummings, who founded
17 Jan. 2019 Thornburg launches long/short equity UCITS fund [more]
Opalesque Industry Update - Thornburg Investment Management, a global investment firm with $41 billion in assets under management, today announced the launch of Thornburg Long/Short Equity Fund, a UCITS fund domiciled in Dublin, Ireland. The Fund is based on an investment strategy launched in 20
17 Jan. 2019 Barclay Hedge Fund Index drops 2.61% in December [more]
Opalesque Industry Update - Hedge funds dipped 2.61% in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. The loss was less significant, however, than that of the S&P 500 Total Return Index, which dropped 9.03% in December. For the ye
17 Jan. 2019 ICO tokens lost 54% of $24bn value: BitMEX Research [more]
Laxman Pai, Opalesque Asia: The value of initial coin offering (ICO) tokens has reduced by 54% from starting figure of $24bn, said a latest research by cryptocurrency exchange BitMEX. At peak valuation, these token allocations were valued at over $80bn. However, BitMEX Research notes that "in
17 Jan. 2019 Hedge fund aggregate down 3.85% in 2018 but 8.6% of funds post double digit returns [more]
Laxman Pai, Opalesque Asia: The Eurekahedge Hedge Fund Index was down 3.85% in 2018, after five consecutive months of losses. It ended the month of December down 1.31%. According to Eurekahedge Report, concerns over the US treasuries yield curve inversion and further Fed tightening in 2019 tr
17 Jan. 2019 Volatility driving new opportunities for certain hedge fund strategies [more]
Laxman Pai, Opalesque Asia: After the lowest equity market volatility in 100 years, financial markets are undergoing a regime change to a new, higher volatility norm, helping generate trading opportunities for certain hedge fund strategies as the relationship among stocks, rates and credit spread
16 Jan. 2019 Hedge funds close 2018 with -3.42% losses, first negative year since 2011 [more]
Laxman Pai, Opalesque Asia: Hedge funds faced another tough month in December 2018, with losses increasing. The Preqin All-Strategies Hedge Fund benchmark returned -2.27% in December, bringing the 2018 full-year losses to -3.42%, the first negative year since 2011. According to the report
16 Jan. 2019 Currency.com launches tokenised security platform [more]
Laxman Pai, Opalesque Asia: Currency.com, a Gibraltar-based trading platform for tokenised securities, has launched what it claims to be "the world's first fully-functional trading platform for tokenised securities." The newly-launched platform allows investors "trade, invest in, and benefit
16 Jan. 2019 Hong Kong and Luxembourg regulators sign funds recognition agreement [more]
Laxman Pai, Opalesque Asia: Hong Kong's Securities and Futures Commission (SFC) and Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) have entered into a memorandum of understanding (MoU) on the mutual recognition of funds (MRF). The agreement will allow eligible Hong Kong p
15 Jan. 2019 State Street names new APAC head [more]
Laxman Pai, Opalesque Asia: Global custodian State Street Corporation has named Ian Martin as the new head of Asia-Pacific, in addition to his current responsibilities as head of global services in the region. He succeeds Wai-Kwong Seck who, after eight years in the role has decided to pursue
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  1. Other Voices: PFIC: what U.S. investment funds should be particularly aware of and newly proposed regulations[more]

    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

  2. Renaissance employees could face clawbacks over hedge fund's tax maneuver[more]

    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

  3. D.E. Shaw's Orienteer strategy posts double-digit returns this year, EcoR1 puts up big gains as the hedge fund scoops up biotech, Ex-hedge fund BlueCrest extends winning run with 50% gain[more]

    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

  4. PE/VC: Private equity takes a breather from investing in banks, 2019's 10 defining moments in venture capital, Another record year for PE secondaries amid more GP-led transactions, How 2019 became the best year in private equity's history[more]

    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

  5. BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August, Eiad Asbahi's Prescience Point gained more than 100% last year, Ray Dalio's most prominent fund suffers first annual loss since 2000, Sundheim's D1 posts strong gains[more]

    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