Monthly Archives: September 2017

(Reuters) Harvard University, which has been retooling the way it invests its $37.1 billion endowment, reported an investment gain on Tuesday but its investment chief called it “disappointing” and said it will take time to improve results. The Ivy League […]

(Reuters) Elliott, the activist hedge fund founded by Paul Singer, has strategic goals for German generic drugmaker Stada (STAGn.DE) but will not press for boardroom changes, Stada said. “The prevalent aim of the investment is implementing strategic objectives where the […]

(The Business Insider) Hedge fund giant Citadel has hired three staffers in its build out a fresh investment unit. To read this article:

(The Business Insider) Goldman Sachs has a plan. The US investment bank, which has been under pressure over its misfiring bond trading business, on Tuesday set out a strategy to generate an additional $1 billion plus in fixed income, currencies […]

(The Business Insider) A fleet of Evgeny “Gene” Freidman’s foreclosed taxi medallions sold on Monday in a closed-door auction taking place in a Queens, New York hotel….The individual bidders behind buyer MGPE Inc. are not identified in court filings but […]

(CNBC) David Stemerman is winding down his hedge fund firm to explore a run for governor of Connecticut, according to a letter sent to clients of Conatus Capital Management LP on Tuesday. “Connecticut – home to my family and business […]

(Harvest) Since the lows of the global financial crisis in March 2009, U.S. stocks (proxied by the S&P 500) have returned 270%, or 16.8% annualized, outpacing every other major market over that period. Contributing to that outperformance were highly differentiated […]

(Bloomberg) Stephen Mandel, who started Lone Pine Capital two decades ago and boasts one of the best long-term track records in the hedge fund industry, is stepping back from day-to-day portfolio management in January 2019. Mandel, 61, told investors in […]

(FINalternatives) Structured credit specialist Palmer Square Capital Management has closed its sixth collateralized loan obligation of the year, bringing the company’s 2017 tally to nearly $1 billion across four static CLOs and $2.5 billion issued across five managed CLOs. To […]

(FINalternatives) Hedge funds rose broadly last week as risk-on sentiment remained in place, according to new research from Lyxor Asset Management, with all substrategies tracked by the firm ending the period in the green. To read this article:

(Bloomberg) Pine River Capital Management is closing its master fund after a wave of client withdrawals that would bring assets below $300 million, according to people with knowledge of the matter. The fund, which started in 2002, had about $1 […]