Monthly Archives: September 2018

Alternative UCITS funds slide further in August

(Hedgeweek) Close to 60 per cent of Alternative UCITS funds posted losses in August, pushing broad-based indices lower. The LuxHedge Global Alternative UCITS Index lost -0.41 per cent, bringing 2018 YTD to -1.43 per cent. To read this article:

Hedge fund shorts on Danske Bank hit 11-month high before money laundering report

(Reuters) – Short positions on Danske Bank shares hit an 11-month high on Monday, rising 46 percent from Friday, data from industry tracker FIS’ Astec Analytics showed. The rise to 1.9 million shares out on loan, from 1.3 million on […]

Billionaires Perry, Lasry Are Said to Back Westhus’s Hedge Fund

(Bloomberg) Todd Westhus, one of the top money managers from the now-shuttered Perry Capital, is getting backing from three former bosses for his new hedge fund. The firm, Olympic Peak Asset Management, has raised $300 million from anchor investors including […]

Zombie Hedge Fund Stakes Haunt Investors a Decade After Lehman

(Bloomberg) A struggling casino in Vietnam, a soybean-crushing operation in Brazil, a bunch of high-yield, high-risk loans. These are among investments that hedge fund managers — during the depths of the financial crisis — shoveled into what’s known as side-pockets. […]

Sectors are Shifting: The Impact of the New GICS Framework

(Harvest) A look at the upcoming changes to the GICS sectors, including the introduction of the Communications Services sector, and the implications for investors moving forward. To read this article:

Performance in alternative assets: High returns, high expectations, hedge fund AUM at $3.58tn

(Opalesque) Preqin’s 2018 Performance Monitor finds that the industry’s long-term performance still outpaces most other asset classes. Preqin’s 2018 Alternative Assets Performance Monitor looks at the returns of the industry as well as within each asset class, and finds that […]

Paul Singer balks at $160 per share Athenahealth bid

(New York Post) Singer, while getting cold feet at $160 per share, could be mulling a bid at a lower price, sources said. At the same time, other suitors — including some strategic companies that had made initial inquiries — […]

Goldman MDs keep departing for hedge funds

(eFinancial) It’s happening again. Senior investment bankers at Goldman Sachs are leaving, before bonuses are paid, for hedge funds. At least two managing directors and one executive director have left Goldman this months…. To read this article:

Hedge Funds Wake Up to Old Market Maxim – Don’t Fight The Fed

(Reuters) Finally, the market looks to be buying into the Fed’s view on U.S. interest rates. And it’s a long time since that’s been the case.Hedge funds and speculators have swung sharply toward pricing in higher rates and yields at […]

Hedge fund assets increase 18.4% to $1.338 trillion

(Pensions and Investments) Hedge funds with an institutional orientation produced exceptionally strong net asset growth of 18.4% in the year ended June 30. Aggregate assets managed worldwide in single and multistrategy hedge funds by the 113 firms in Pensions & […]

China’s Stocks Drop to Lowest Level in Nearly Four Years

(Bloomberg) China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, before a stock boom that turned into a $5 trillion bust. The Shanghai gauge dropped 1.1 percent to 2,651.79 […]

Hedge Fund Co-Investments

(Harvest) “Hedge fund co-investments are potentially attractive for allocators as they offer access to high-conviction ideas with lower fees and potentially enhanced returns. Our approach has been to establish a true partnership with our co-investors by identifying a series of […]