Monthly Archives: September 2019
Commonfund launches diverse manager portal
(Opalesque) Commonfund has launched a diverse manager portal designed to specifically to receive due diligence materials from women and minority managers investing in equities, fixed income and credit, real estate and hedge funds. Through the portal Commonfund aims to better […]
150 active crypto hedge funds manage $1bn AuM
(Opalesque) Researchers at auditing powerhouse PwC estimates there to be around 150 crypto hedge funds, controlling about $1bn in assets. This excludes crypto index funds and crypto venture capital funds. Surveying the hundred largest funds by Assets Under Management (AuM), […]
CFTC Orders Registrant to Pay $1.5 Million for Violations Related to Cyber Breach
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Phillip Capital Inc. (PCI), a registered futures commission merchant, for allowing cyber criminals to breach PCI email systems, access customer information, and successfully […]
Carl Icahn Is Heading to Florida for Lower Tax Rates
(Bloomberg) Billionaire Carl Icahn is planning to move his home and business to Florida to avoid New York’s higher taxes, according to people familiar with the matter. To read this article:
Carnage in Crowded Hedge Fund Stocks May Mean Some Don’t Survive
(Bloomberg) Equity hedge funds are paying dearly for their devotion to industries like software and distaste for energy and commodity stocks. Wrong-way moves in positions they’ve crowded into, both long and short, could raise survival risk for some managers, one […]
CEO Shafir explains why hedge fund Och-Ziff is rebranding
(CNBC) Och-Ziff, one of the world’s largest hedge funds, is announcing a name change as part of a rebranding effort following some scandals and management turmoil. To see this article/video:
State Street Global Advisors names Carlo M. Funk as head of ESG investment strategy for EMEA
(Opalesque) The $2.9tn asset manager State Street Global Advisors (SSGA) has hired ex-BlackRock sustainable investment specialist Carlo M. Funk to head its environmental, social and governance (ESG) investment strategy in the EMEA region. To read this article:
Wilshire Liquid Alternative Index down -0.27% in August
(Opalesque) The Wilshire Liquid Alternative Index returned -0.27% in August, underperforming the 0.38 % monthly return of the HFRX Global Hedge Fund Index. To read this article:
Blackstone hauls in $20.5bn for largest global real estate fund
(Opalesque) U.S. private equity firm Blackstone Group said has raised the largest ever real estate fund, amassing $20.5bn to be invested in property assets around the world. Blackstone is also currently investing two regional opportunistic funds, the EUR7.9bn BREP Europe […]
Cargill exits asset management business with sale of CarVal Investors
(Reuters) – Cargill Inc [CARGIL.UL] has agreed to sell fund manager CarVal Investors, representatives for both companies said on Thursday, marking the commodity trader’s exit from the asset management business. To read this article:
Leon Cooperman Warns Private Equity Is a Risky Bet Fueled by Low Interest Rates
(Bloomberg) Legendary hedge fund manager Leon Cooperman took a shot at the private equity industry, saying low interest rates that have fueled its returns won’t last. “I think it’s a scam personally,” Cooperman said Wednesday at an event hosted by […]
T. Boone Pickens, Oilman Turned Raider Turned Trader, Dies at 91
(Bloomberg) T. Boone Pickens, the onetime Texas oil wildcatter turned corporate raider who became a billionaire energy investor and television pitchman for wind and natural-gas power, has died. He was 91. To read this article: