Monthly Archives: September 2016
One Small Hedge Fund Is Carrying On in The Fight Over Caesars
(Bloomberg) The titans of the investing world have settled their fight in bankruptcy court over the future of the Caesars casino empire. But one tiny band of lenders is pressing on and keeping alive a lawsuit they say is designed […]
Hedge Fund Fallout Results in Fee Restructures, Closures
(Investopedia) In September of 2016, Brevan Howard Asset Management made plans to modify its fee structure, removing management fees for existing clients for new investments in two of its major funds. At roughly the same time, Perry Capital announced the […]
Perry Capital Closing Flagship Fund After Almost Three Decades
(Bloomberg) Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its […]
Merrill Lynch Charged With Trading Controls Failures That Led to Mini-Flash Crashes
(HedgeCo.Net) The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $12.5 million penalty for maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets and causing mini-flash crashes. […]
Allianz Global Investors Launches Structured Absolute-Return Liquid Alt Fund
(Fin Alternatives) Global investment manager Allianz Global Investors has debuted a new structured-product absolute return fund on its liquid alternatives platform. To read this article:
EY Considers Top 10 Drivers Impacting Wealth Management
(Daily ALts) EY Global Wealth & Asset Management has published a white paper highlighting the top 10 drivers impacting global wealth and asset management. Those drivers, listed below, will be disruptive and bring change – they represent threats to … […]
Are We on the Verge of a Hedge Fund Renaissance?
(Daily Alts) Hedge-fund-renaissanceHedge funds have generally lagged long-only exposure to the U.S. stock market the past several years, and this has led to unhappy hedge-fund investors and increasing redemption pressure on hedge-fund managers. But according to Willis Towers Watson, which […]
Asset Managers Prioritising process automation and regulatory reporting
(HedgeWeek) Asset management professionals continue to prioritise back-office automation and managing increased regulatory reporting, according to the 2016 Asset Management Industry Trends Survey by Confluence. » To read this article:
Lyxor: Hedge Fund Index Gains 0.4% on Central Bank Stance
(Fin Alternatives) Hedge funds got a helping hand from accommodative global central banks in the week through September 20, 2016, according to the latest edition of Lyxor Asset Management’s Weekly Brief. To read this article:
Brevan Howard Asset Management Cuts Management Fees
(Fin Alternatives) Macro hedge fund Brevan Howard, one of Europe’s largest alternative investment managers, will reportedly lower the fees it charges on its flagship Master and Multi-Strategy funds. To read this article:
A 28-year-old raised $75 million for his new hedge fund
(Business Insider) Jamie Sterne has raised $75 million for his new hedge fund. No big deal, you might think. There are hundreds of hedge fund launches every year. Except Jamie Sterne is just 28 years old. Sterne launched Skye Global […]
World’s Top Performing Hedge Fund is Shorting Big Dividends
(Chicago Tribune) AAM Absolute Return Fund, which according to HSBC Holdings was the world’s best performing hedge fund in 2015, is betting on declines for energy companies that “even short term will struggle to uphold dividends.” To read this article: