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HELPCENTER
15 Jan. 2024 With 52,534 deals, global deal activity plummets by 24.5% in 2023 [more]
Laxman Pai, Opalesque Asia: 2023 remained a disappointing year for deal activity (mergers & acquisitions (M&A), private equity (PE) and venture capital (VC)) with a massive drop in volume and was grappled with several challenges and uncertainties, said a study. According to GlobalData, a tota
12 Jan. 2024 Top asset managers backsliding on ESG commitment [more]
Laxman Pai, Opalesque Asia: Asset managers backing resolutions on important environmental and social issues as company shareholders have fallen to a three-year low said a study. ShareAction describes the 2023 voting record as 'deeply concerning' and 'the worst result we've seen
11 Jan. 2024 Study reveals alternative fund managers expect capital raising and fund launch surge in 2024 [more]
Opalesque Industry Update - Alternative fund managers are forecasting a strong year for capital raising in 2024 at their firms and new fund launches across the industry as investors are increasingly looking to diversify, new research from Ocorian, a global market leader in alternative investment fun
11 Jan. 2024 Cinven wraps up eighth fund at $14.5bn [more]
Laxman Pai, Opalesque Asia: European private equity major Cinven has hauled in €13.2bn ($14.5 billion) for the hard cap final close of its eighth flagship fund, the Eighth Cinven Fund (Fund 8). The fund is almost 30% larger than its 2019 vintage predecessor fund, Seventh Cinven Fund, for
11 Jan. 2024 Hedge funds adopt a more cautious outlook [more]
B. G., Opalesque Geneva: The results of the Q4 2023 Hedge Fund Confidence Index (HFCI) show an average confidence level of +15.6, a decrease of six points from Q3, and just below the average score of
10 Jan. 2024 Lexington Partners raises $22.7bn for tenth secondary fund [more]
Laxman Pai, Opalesque Asia: Lexington Partners, one of the oldest investors in secondhand private-equity assets, has announced the closing of the global secondary alternative investments fund Lexington Capital Partners X (LCP X) at $22.7 billion. The fund well surpassed its $15 billion fundr
09 Jan. 2024 Tech megadeals: The outlook for 2024 is optimistic [more]
Laxman Pai, Opalesque Asia: While M&A in the tech sector hit a multiyear low both in terms of total deal value and median valuation in 2023, the outlook for 2024 is a bit more optimistic, said a study. According to 451 Research - S&P Global Market Intelligence total spending on tech M&A fell b
09 Jan. 2024 Bahamas Financial Services Board names Niekia Horton as new CEO [more]
Matthias Knab, Opalesque: Mrs. Niekia Horton has been appointed as the new Chief Executive Officer and Executive Director of the Bahamas Financial Services Board (BFSB) effective February 1st, 2024. The announcement was made by LaTonia Symonette -Tinker BFSB's Chairman. Mrs. Niekia Horto
08 Jan. 2024 Hedge fund performance surge accelerates in December driven by falling rates, M&A strength [more]
Opalesque Industry Update - Hedge fund performance surged through year-end, with December showing acceleration of the powerful leadership trends from the prior month, as gains were driven by a combination of the welcome decline in inflation, resulting in falling bond yields, structural developments
08 Jan. 2024 Banner Ridge Partners raises $2.15bn for fifth secondary fund [more]
Laxman Pai, Opalesque Asia: Multi-strategy alternative investment specialist Banner Ridge Partners has closed its fifth secondary fund at a hard cap of $2.15 billion. The $7.3bn private equity investment firm said in a media release that Banner Ridge Secondary Fund V (BRP V) is the latest fu
05 Jan. 2024 Commodity hedge fund manager Four Elements embraces AI [more]
B. G., Opalesque Geneva: Headquartered in Singapore, Four Elements Capital, a specialized commodity asset manager, has been focusing on delivering absolute returns through a fundamental systematic investment approach since 2008. T
04 Jan. 2024 Mark Uyeda Sworn in for Second Term as SEC Commissioner [more]
Matthias Knab, Opalesque: Securities and Exchange Commission Commissioner Mark T. Uyeda was sworn in for his second term as a Commissioner at the Securities and Exchange Commission on Dec. 28, 2023. Commissioner Uyeda began his first term as an SEC Commissioner on June 30, 2022, after being nomin
02 Jan. 2024 Boutique managers worldwide see shoots of normalisation in 2024 [more]
Opalesque Industry Update - Members of the Group of Boutique Asset Managers (GBAM) are operating on five continents, and all are squaring up to 2024 by focusing on their usual 'bottom-up' approach. But regardless of where they are on the globe, it's clear that consistent themes are emerging at the m
02 Jan. 2024 Hedge fund universe grows with 127 funds launching and 100 closing in Q3 while fees fall [more]
Matthias Knab, Opalesque: New hedge fund launches and liquidations were steady into the fourth quarter as managers positioned for the peak of generational inflation and the conclusion of aggressive interest rate increases which have dominated the past two years. The estimated number of new hedge
02 Jan. 2024 Paul Weiss snags two from Clifford Chance [more]
Bailey McCann, Opalesque New York: Paul Weiss has hired two new partners for its finance practice. Christopher Sullivan is joining the firm in London as a partner in the Mergers & Acquisitions practice in the Corporate Department. Taner Hassan, a senior sponsor-side finance partner, is joining th
02 Jan. 2024 Chase Coleman retakes the reigns at Tiger Global's venture unit [more]
Bailey McCann, Opalesque New York: Chase Coleman has retaken the lead at Tiger Global's venture capital unit after investors raised concerns about the unit's performance. Bloomberg first reported the news. In November,
31 Dec. 2023 NOAH gets new CEO [more]
Opalesque Industry Update - Noah Holdings Limited a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today announced that its Board of Directors has approved a separation of the
31 Dec. 2023 CoinShares changes executive committee [more]
Opalesque Industry Update - CoinShares International Limited Europe's leading alternative asset manager specialising in digital assets, today announced changes in the composition of the Executive Management Committee. Lewis Fellas, Head of CoinShares Hedge Fund Solutions, has been appointed as
29 Dec. 2023 Monex Group to acquire the majority stake in Canada's leading digital asset manager 3iQ [more]
Matthias Knab, Opalesque for New Managers: Monex Group, Inc. (Tokyo Stock Exchange, 8698), a leading Japanese financial group that runs online brokerage, crypto exchange, and asset management business in Japan and g
29 Dec. 2023 Emerging market and crypto hedge funds surge in late 2023 [more]
Matthias Knab, Opalesque for New Managers: Emerging Markets hedge funds surged into late 2023 on falling inflation, interest rates, and weakening US Dollar, with EM hedge funds having successfully navigated both mac
29 Dec. 2023 Digital transformation in the investment management industry likely to accelerate in 2024 [more]
B. G., Opalesque Geneva: The key trends in investment management are spending on technology, theme-driven portfolio construction, customers' expectations of personalisation, closer collaboration across departments within organisations, quantum-related cybersecurity threats, and a strengthenin
29 Dec. 2023 Private credit and infrastructure strategies drove recent inflows for most alternative asset managers [more]
B. G., Opalesque Geneva: Large asset managers are seeing four fundamental trends in their industry, according to the latest asset management report by Houlihan Lokey: - commercial real estate m
28 Dec. 2023 Houlihan Lokey acquires Triago [more]
Bailey McCann, Opalesque New York: Global investment bank Houlihan Lokey has acquired private equity placement agent Triago Management Development. The Triago team will join Houlihan Lokey's Private Funds Group (PFG), led by Global Co-Heads Andy Lund and Cristina Forcina Westermann. Triago
28 Dec. 2023 The dominance of the Big Seven [more]
B. G., Opalesque Geneva: According to the latest briefing from investment bank Goldman Sachs, "megacap" tech stocks are increasingly popular mainstays of equity portfolios. Collectively, the Big Seven tech stocks - Microsoft, Google, Amazon, Meta, Apple, Nvidia, and Tesla - now make up 18
22 Dec. 2023 2024 may be a pivotal year for the economy and markets [more]
Opalesque Industry Update - Wells Fargo Investment Institute (WFII) believes the 2024 economic story could be a tale of two halves for fixed income and equities. According to its report "2024 Outlook: A pivotal year for
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