Monthly Archives: September 2023
Citco records a positive first half for fund of funds
(Opalesque) New data from hedge fund administrator Citco shows that fund of hedge funds had a positive first half of 2023, with the average fund returning 2.87% to end of June. 82% of funds delivered positive returns in the first […]
Almost 90% of the $29tn global insurers plan to invest in private markets
(Opalesque) Within private assets, they expressed the most enthusiasm for direct lending, with 60% of those surveyed planning to boost allocations, according to a new survey of the industry by BlackRock. Of 378 senior insurance executives surveyed by BlackRock, 34% […]
Ousted hedge fund Co-founder settles $636m Proskauer Rose malpractice law suit
(Hedgeweek) Dr Robert Adelman, an ex-client of Proskauer Rose, has settled a $636m malpractice lawsuit against US law firm over his ousting from a hedge fund he co-founded, after a judge ruled the case could go to trial, according to […]
CEO of private credit giant Ares says his firm is benefitting from rising rates
(CNBC) With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning to alternative assets outside of equities and bonds to generate returns. According to a new report by Pitchbook, investors […]
AssetMark To Pay $18m for Failing to Disclose Multiple Financial Conflicts
(HedgeCo,Net) The Securities and Exchange Commission has announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than $18 million to settle charges related to undisclosed conflicts of interest involving a cash sweep program operated by […]
Shares of Evergrande have been suspended amid reports its chairman is under surveillance
(CNBC) Shares of China Evergrande Group were suspended on Thursday, Hong Kong’s exchange announced. The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News. To read this article:
Bruderman Asset Management and its Principal Charged for Failing to Disclose Misuse of Investment Funds
(HedgeCo.Net) The Securities and Exchange Commission has announced that New York-based Bruderman Asset Management LLC (BAM) and its principal, Matthew J. Bruderman, agreed to settle charges related to their failure to disclose the misuse of proceeds raised from investment advisory […]
Citadel’s Griffin to join consortium bidding for Telegraph Group
(Hedgeweek) A consortium of investors led by Marshall Wace co-founder Paul Marshall looking to prepare a bid to acquire the Telegraph Group – publisher of the UK’s Daily and Sunday Telegraph newspapers – has won the support of Citadel founder […]
Meta CEO Mark Zuckerberg looks to digital assistants, smart glasses and AI to help metaverse push
(CNBC) Meta has new artificial intelligence tools and celebrity-endorsed digital assistants that CEO Mark Zuckerberg hopes will help to jump-start the metaverse. Zuckerberg showed off the AI software as well as the company’s new Quest 3 virtual reality headset and […]
Hedge funds boost bearish equities bets and cut stock leverage
(Hedgeweek)With appetite for equities subsiding last week after a 20% rally this year on the back of investor excitement over artificial intelligence, hedge funds are ramping up their bets against stocks, according to a report by Bloomberg. To read this […]
Jamie Dimon: Get Ready For 7% Global Rates As “Sugar Shock” Fades
(Fortune) Wall Street was spooked last week when the Federal Reserve said it would keep interest rates higher for longer than previously anticipated—but according to JPMorgan boss Jamie Dimon, the world is still unprepared for the potential “stress” on the horizon. To read this […]
Costco tops quarterly earnings expectations, even as sales remain soft
(CNBC) Traffic rose 5.2% worldwide and 5% in the U.S. on a year-over-year basis. Costco’s average transaction amount in the quarter dropped nearly 4% worldwide and 4.5% in the U.S., he said. To read this article: