Monthly Archives: September 2019
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:
Final Judgment Entered Against Investment Adviser in Cherry-Picking Scheme
(HedgeCo.Net) U.S. District Judge Mark L. Wolf entered a final judgment against Massachusetts investment adviser Michael J. Breton in an SEC case that charged Breton with defrauding clients out of more than $1.3 million. The SEC charged Breton and his […]
HKEX makes offer to acquire London Stock Exchange Group
(Hedgeweek) Hong Kong Exchanges and Clearing (HKEX) today announces that it has made a proposal to the Board of London Stock Exchange Group (LSEG) to combine the two companies. To read this article:
Wilshire Liquid Alternative Index down 0.27 per cent in August
(Hedgeweek) The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.27 per cent in August, underperforming the 0.38 per cent monthly return of the HFRX Global Hedge Fund Index. […]
Hedge funds up 0.31% amid fierce trade tensions
(Opalesque) Hedge funds have outperformed the equity markets in August amid tariff threats between China and the United States and slowing global growth. The Eurekahedge Hedge Fund Index was up 0.31% during the month compared to the MSCI ACWI stock […]
Lovell Minnick hits $1.28bn hard cap for fifth middle market fund close
(Opalesque) Financial services-focused private equity firm Lovell Minnick Partners has hit a $1.28bn hard cap for the final close of its latest flagship fund. As private equity firms continue benefit from strong demand for alternative investments, Lovell Minnick Equity Partners […]
82% of surveyed hedge funds use alternative data, but not without concerns
(Opalesque) Over 80% of surveyed hedge funds are using alternative data for detailed industry analyses, though data cost and quality issues remain, said a study. According to Lowenstein Sandler’s hedge fund industry survey, 82% of hedge funds are already using […]
Merrill Lynch Ordered to Pay $300,000 Penalty for Failing to Promptly Produce Audit Trail Data
(HedgeCo.Net) The U.S. Commodity Futures Trading Commission has issued an order filing and settling charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered futures commission merchant, for failing to promptly produce to the CFTC certain required […]
Macro hedge funds surge in August as global equities decline
(Opalesque) Macro hedge funds surged in August while the broader industry posted mixed performance as equity markets declined while the global supply of negative-yielding bonds swelled to over $16 trillion, with gains led by both fundamental and quantitative Macro strategies. […]