Monthly Archives: June 2019
Updated List of Firms Using Inaccurate Information to Solicit Investors
(HedgeCo.Net) The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 11 soliciting entities, four impersonators of genuine firms, and nine bogus regulators. The SEC’s […]
Barings raises $943m for Barings Asset-Based Income Fund
(Opalesque) The $317bn global financial services firm Barings held the final close of its Barings Asset-Based Income Fund (BABIF), which raised $943m in commitments. “BABIF has raised $943m in commitments from existing and new institutional investors including public and private […]
Impact of the evolving relationship between investors and managers on fund structuring
(Opalesque) A combination of diminished returns across the hedge fund industry amid challenging market conditions for generating alpha and a continued and increased focus on performance has given rise to a shift away from more traditional hedge fund products to […]
Trium adds to Dublin Super ManCo team
(Hedgeweek) Trium has appointed Jamie Murphy as Head of Risk at Trium Ireland as part of the firm’s initiative to create a Dublin-based Super ManCo. To read this article:
Angel Oak Capital Advisors passes USD10bn in AUM
(Hedgeweek) Angel Oak Capital Advisors, an investment management firm specialising in value-driven alternative credit, has surpassed USD10 billion in assets under management across its platform of public funds, private funds and separately managed accounts. To read this article:
U.S. Supreme Court to hear Intel retirement fund dispute
(Reuters) – The U.S. Supreme Court on Monday agreed to hear Intel Corp’s bid to avoid a lawsuit accusing it of violating federal law in making employee retirement plan investments that cost beneficiaries hundreds of millions of dollars. To read […]
Hedge Fund Chatham Weighs Shutting $763 Million Liquid Alts Unit
(Bloomberg) Chatham Asset Management, the $4.3 billion credit hedge fund, is weighing the closure of a unit that manages $763 million for clients including mutual fund giant Franklin Templeton Investments. Chatham, founded by Anthony Melchiorre in 2003, is pondering the […]
Waterstones Owner Buys US Chain Barnes & Noble
(The Guardian) The hedge fund owner of the UK’s largest book chain, Waterstones, has bought Barnes & Noble, the biggest chain in the US, in a $683m (£537m) deal heralded as a boost in their battle to preserve real-world bookshops. […]
Under Fire Fund Manager Woodford in Scramble to Sell Stakes
(Reuters) British money manager Neil Woodford cut his stakes in at least 21 companies this week as he frees up cash to meet a rush of redemption requests that forced him to suspend his flagship fund. Woodford, one of Britain’s […]
New Rules Approved to Enhance Protections for Retail Investors Dealing With Financial Professionals
(HedgeCo.Net) The Securities and Exchange Commission has voted to adopt a package of rulemakings and interpretations designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers, bringing the legal requirements and mandated disclosures in […]
Advent International raises $17.5bn for ninth global PE fund
(Opalesque) Private equity firm Advent International said that it has completed raising funds for its ninth global private equity fund, GPE IX, with commitments of $17.5bn, surpassing the earlier target of $16bn. Advent’s previous global fund, GPE VIII, closed on […]
Barnes & Noble to be bought by hedge fund Elliott in $683 million deal
(Reuters) – Barnes & Noble Inc said on Friday it would be bought by hedge fund Elliott Management Corp in an all-cash deal valued at about $683 million, including debt. Shareholders of the once-dominant U.S. book retailer would be paid […]