Monthly Archives: June 2019
Infrastructure funds’ investments in shipping growing larger, says Preqin
(Opalesque) Looking back at the development of the shipping-focused fundraising market in recent years reveals that managers have been closing fewer funds, but at record-high totals.According to Preqin Insights, the infrastructure funds investing in the shipping industry have consistently secured […]
Intertrust acquires Viteos for $330m
(Hedgeweek) Intertrust, a global provider of administrative services to corporate, fund, capital markets and private wealth clients, has acquired Viteos, a provider of technology solutions for hedge funds, private equity, real estate, private debt and other alternative asset managers, from […]
KPMG Paying $50 Million Penalty for Illicit Use of PCAOB Data and Cheating on Training Exams
(HedgeCo.Net) The Securities and Exchange Commission has charged KPMG LLP with altering past audit work after receiving stolen information about inspections of the firm that would be conducted by the Public Company Accounting Oversight Board (PCAOB). The SEC’s order also […]
Beyond the numbers: The benefits of middle-office outsourcing
(Hedgeweek) When reviewing middle-office outsourcing proposals, this comment is not uncommon. However, the inclination to evaluate outsourcing by extrapolating in-house operating budgets and comparing them to outsourcing proposals is an insufficient method for determining the total value of a proposed […]
Cheyne Capital closes Strategic Value Credit Fund at EUR1bn hard cap
(Hedgeweek) Alternative asset manager Cheyne Capital Management (Cheyne Capital) has closed its inaugural European Strategic Value Credit Fund (SVC) having scaled back subscriptions to the Fund’s capacity limit of EUR1 billion. To read this article:
Wedbush to Pay More Than $8.1 Million for Improper Handling of ADRs
(HedgeCo.Net) The Securities and Exchange Commission has announced that Wedbush Securities Inc. will pay more than $8.1 million to settle charges for improper handling of “pre-released” American Depositary Receipts (ADRs). This is the SEC’s 11th action against a bank or […]
Billion-Dollar Swedish Hedge Fund Happy With Stocks Blowing Up
(Bloomberg) Short sellers are getting paid as investors are losing their tolerance for failure.“The environment for shorting has improved a lot this year and last year,” said Per Johansson, chief investment officer at Stockholm-based Bodenholm Capital AB. To read this […]
Australian Hedge Fund Bags 74% Gain on Millennials and Iron
(Bloomberg) Millennials’ shopping habits have helped fuel hefty gains at an Australian hedge fund this year. To read this article:
Wall Street Takes on Long-Term Care Payouts as Insurers Balk at Costs
(Reuters) Some U.S. insurers are turning to Wall Street’s financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved. To read […]
Mark R. Freeman launches Socorro Asset Management
(Opalesque) Socorro Asset Management LP, a long only asset management firm, will launch on July 1, 2019. Mark Freeman, founder and Chief Investment Officer, will manage the long only, multi-asset strategy targeting low volatility. Freeman is the former Chief Investment […]
Global Hedge Fund Redemptions Continue For A Second Straight Month
(Opalesque) The pace of hedge fund redemptions slowed in April but continued for a second straight month with $9.4 billion in net outflows worldwide, down from $11.0 billion in March. Despite the outflows, industry assets under management increased to more […]
Cheyne European Strategic Value Credit Fund closes on $1bn
(Opalesque) Bailey McCann, Opalesque New York: London-based Cheyne Capital Management has closed its inaugural European Strategic Value Credit Fund at the €1bn hard cap. The fund was significantly oversubscribed. To read this article: