Monthly Archives: May 2019
Brexit helps New York take top finance spot from London
(Reuters) Fallout from Brexit has helped New York overtake London to become the world’s pre-eminent financial center, a survey of financial executives by Duff & Phelps showed on Tuesday. The consultants said their annual Global Regulatory Outlook survey contacted 180 […]
Canadian Institutional Investors to increase alternatives allocations
(Hedgeweek) Canadian institutional investors are seeking to further increase their overall allocations to alternative investment strategies, including real estate, private equity, infrastructure, private debt and hedge funds, according to a new study published by CIBC Mellon. To read this article:
SGX launches options on global pricing benchmark for natural rubber
(Hedgeweek) Singapore Exchange (SGX) has launched the industry’s first options contract on TSR 20 rubber, the global benchmark grade, offering market participants a new risk-management tool. To read this article:
Wealthfront Created a Hedge Fund-Style Product. It’s Down About 5%
(Bloomberg) Wealthfront Inc. is known for doing the most boring type of investing possible—sticking clients’ money in mutual funds and ETFs and taking a small fee. But last year it launched a new product that departed from that model. The […]
Lioness Capital Seeks to Defy the Odds as Hedge Funds Struggle
(Bloomberg) A one-time adviser to hedge funds is now getting in on the act, joining several women opening their own firms this year. Asli Ay is starting a hedge fund focused on political and policy-related events after a career of […]
Tech Hedge Fund Beats Nasdaq by Looking for Key Inflection Points
(Bloomberg) Lucrative opportunities in technology stocks center around identifying shifts from an old way of doing things to a better way, like from email to instant messaging or from phoning in food orders to doing it online. Investing with that […]
Billionaire David Tepper Is Planning to Return Outside Money
(Bloomberg) Billionaire David Tepper is planning to return money to investors, following other marquee names who quit the struggling hedge fund industry to manage their own capital. Tepper, 61, who founded Appaloosa Management in 1993 and is one of the […]
D.E. Shaw’s Top Shareholder Activist Koffey Leaves Hedge Fund
(Reuters) Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. The […]
CAIS Adds Four to Team
(Opalesque) CAIS, the leading financial technology platform connecting financial advisors with alternative asset managers, has added four senior-level team members to significantly expand and enhance its marketplace. Marco Riedl joins CAIS as Chief Product Officer to improve user experience and […]
SEC Sues Alleged Perpetrator of Fraudulent Pyramid Scheme Promising Investors Cryptocurrency Riches
(Hedgeco.Net) The Securities and Exchange Commission filed a civil injunctive action against Daniel Pacheco, a resident of San Clemente, California, and the alleged perpetrator of a multimillion-dollar pyramid scheme. The SEC’s complaint, filed Wednesday, alleges that from January 2017 through […]
Sustainable funds attracts $26bn of net inflows worldwide in Q1 2019
(Opalesque) Sustainable, responsible, and impact investment funds continue to grow rapidly, attracting $26bn of net inflows worldwide during the first quarter of 2019. 2018 saw a record $76bn inflow and funds gain $102bn of inflows in the 15 months through […]
Investcorp invests in Mercury Capital Advisors
(Hedgeweek.Com) Investcorp, a global provider and manager of alternative investment products, is to acquire Mercury Capital Advisors (Mercury), an institutional capital raising and investment advisory enterprises. To read this article: