Monthly Archives: June 2016
Horseshoe Group Acquires IKONIC Fund Services
(HedgeCo.Net) Horseshoe Group (“Horseshoe”) acquires IKONIC Fund Services (“IKONIC”) to form a leading independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets. The transaction, which closed last week subject to customary […]
Alison Trusty joins Aon Hewitt as hedge fund researcher
(Reuters) – UK-based Aon Plc’s human resources and consulting services unit Aon Hewitt hired Alison Trusty as hedge fund researcher in its liquid alternatives manager research team, the company said. In her new role, Trusty will be responsible for sourcing, […]
Blackstone Said Close to Raising $5 Billion Buyout Fund
(Bloomberg) Blackstone Group LP, the world’s largest private equity manager, expects this month to finish raising the biggest buyout pool yet designed to mimic the long-term, buy-and-hold strategy of Warren Buffett. New York-based Blackstone expects to garner about $5 billion […]
Carl Icahn kicks Bill Ackman while he’s down
(The Business Insider) The billionaire investor and founder of Icahn Enterprises decided on Thursday to dredge up one of his old feuds. He told CNBC that Pershing Square’s Bill Ackman was “dead wrong” in his short position in Herbalife, a […]
Blackrock: Markets May Be too Complacent Over Brexit Risk
(Reuters) Financial markets, particularly equities, may be under-pricing the risk of Britain leaving the European Union, the world’s largest asset manager said on Thursday, two weeks before Britons vote in a referendum on EU membership. Owen Murfin, co-lead manager for […]
Asset Surges Shake-up Mid-Sized Hedge Fund Rankings; Twenty-One New Funds Join
(Hedgetracker.com) The top Mid-Sized Hedge Funds now oversee a combined $65.8 billion in assets, according to Hedge Tracker’s most recent rankings. This quarter’s list is led by Aravt Global, Lumina Fund Management and Fine Capital Partners. Notably, twenty-one hedge funds […]
Hedge Fund Managers Work To Stanch Loss Of Investors
(Deal Book) Hedge fund titans once ran their firms like elite private clubs, picking who made it past the velvet rope and how much they would pay for access to supercharged performance.Years of poor performance have now led a number […]
Pound Judgment Day Means Either Drop To 30-Year Low Or 5% Rally
(Bloomberg) June 24 will be a day of superlatives for the pound, whichever way Britain votes. The day after next week’s referendum on European Union membership, the pound will either sink to the lowest level in more than three decades […]
Hedge Funds Are Doubling Down On These Five Stocks
(Insider Monkey) Our analysis of the latest round of 13F filings has shown a number of stocks that saw increased interest from hedge fund managers, that more than doubled the value of hedge funds’ holdings at the end of the […]
SEC Issues $17 Million Whistleblower Award
(HedgeCo.NET) The Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by […]
Two Top Firms Said to be Shedding Staff
(HITC) UBS, which said last month it’s looking for ways to cut costs, is eliminating some management positions in its U.S. wealth unit and reducing the number of financial advisers recruited from competitors…..And Goldman Sachs has cut staff in Russia […]
BlackRock: What you should take away from Icahn, Soros bearishness
(CNBC) We might be at the very end of this economic cycle, and the remarks by legendary investors Carl Icahn and George Soros signal it, said Jeff Rosenberg, BlackRock’s chief investment strategist for fixed income. “I think the message there […]