Category Archives: Syndicated
Direct Lending Funds’ Fading All-Weather Appeal
(Reuters) Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a “direct lending” hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. […]
Wall Street’s White House Takeover Continues With Appointment Of Anthony Scaramucci
(Forbes) On Friday, President Donald Trump made Anthony Scaramucci the new White House communications director. The appointment pushed Sean Spicer, a longtime Washington operative, to resign as the White House press secretary. Scaramucci is a creature of Wall Street not […]
Goldman Is on a Hiring Spree to Become the Google of Wall Street
(The Business Insider) Goldman Sachs is looking to fill over 20 positions for its Marquee platform, which is at the heart of its plan to become the Google of Wall Street. To read this article:
Internal Power Struggle Rattles Guggenheim Partners
(New York Post) A titanic war is brewing between the principals at Guggenheim Partners, with more than 10 senior execs defecting in the past year or so. The $240 billion money-managing firm has been divided into two camps: To read […]
Managed Futures In a Drawdown – How Bad Is It? – Take a Look
(Harvest) The managed futures hedge fund strategy, as measured by a well-watched peer group index, is in a major drawdown. In spite of this, money is still flowed as investors have taken a forward looking view of what this strategy […]
The Central Bank With a Different Problem
(Harvest) For all the recent talk of major central banks coordinating to telegraph policy shifts, it’s easy to forget that each institution faces very different challenges. The Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of Japan […]
JPMorgan Whistle-Blowers Set to Reap Record $61m Bounty
(Bloomberg) Two whistle-blowers are set to share a record $61 million award from the Securities and Exchange Commission for helping make the case that JPMorgan Chase & Co. failed to disclose to wealthy clients that it was steering them into […]
Hedge Fund Uses Algae to Reap 21% Return
(Bloomberg) Hedge fund manager Desmond Lun’s 21 percent average return over the last four years springs from an unlikely source — a petri dish of algae. Lun, 37, is a new kind of quant, combining AI wizardry with old-school biology […]
Castlelake Raises $2.4B For Fifth Fund In Four Months Of Marketing
(FINalternatives) Global alternative investment manager Castlelake LP has raised $2.4 billion in capital commitments for its latest fund, closing at its hard cap and beating its $2 billion target after only four months in the market.
Hedge Funders Scramble for Ways to Pay Tax Bill Now That a Big Loophole Is Closed
(CNBC) Hedge fund managers have to fork over billions of dollars in taxes next year for gains they accumulated on deferred income from offshore funds as a long-standing tax loophole expires. The Wall Street Journal reported Thursday that Steven Cohen, […]
Pershing Square Capital Management Files Paperwork For Two New Funds
(FINalternatives) Bill Ackman’s Pershing Square Capital Management is prepping two new fund vehicles, according to regulatory filings with the U.S. Securities & Exchange Commission on Friday. To read this article:
A Wave of Staffers Has Left Hedge Fund Folger Hill as the Firm Searches for Fresh Money
(The Business Insider) There has been a wave of departures from hedge fund Folger Hill as the firm searches for fresh money, Business Insider has learned. The departures include at least four portfolio managers, an analyst and staffers who worked […]