Category Archives: Syndicated
Einhorn’s Greenlight Claims GM Misled Credit Raters on Stock
(Bloomberg) Billionaire David Einhorn’s Greenlight Capital doubled down on its pitch for new General Motors Co. dividend shares, saying the carmaker misrepresented the hedge fund’s proposal for a stock split to sway ratings agencies to opine against it. GM presented […]
Commodity Investing – Not for The Buy and Hold Crowd
(Harvest) An article in the Wall Street Journal , “Why Commodity-Index Investing May be Futile” has gotten a lot of interest by investors although there was not any new information in the story. The reasons for avoiding commodity indices should […]
Dyal Capital Partners Takes Minority Stake in TSSP
(FINalternatives) Neuberger Berman affiliate Dyal Capital Partners has expanded its roster of minority investments in alternative investment managers, agreeing Tuesday to take a passive, non-voting minority interest in global credit and alternative lending specialist TSSP Holdings. To read this article:
ValueAct to Return $1.25 Billion on Concerns About Frothy Market
(Bloomberg) ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision […]
BHP Rejects Elliott’s Overhaul Proposals as Flawed, Costly
(Reuters) Anglo-Australian miner BHP Billiton (BHP.AX) (BLT.L) said on Wednesday a minor shareholder’s proposal to overhaul its corporate structure and spin off its U.S. oil division was flawed and would involve costs far beyond any benefits. BHP made the comments […]
Cenovus CEO Seeks Backing as Bold Bet and Market Jitters Test His Legacy
(Reuters) Cenovus Energy Inc will do more hedging after its acquisition of ConocoPhillips assets, the Canadian company’s Chief Executive Brian Ferguson said on Tuesday as he mounted a charm offensive on investors who balked at the deal. Ferguson is known […]
London Macro Hedge Fund Gemsstock Seeking to Raise $400 Million
(Reuters) London-based Gemsstock is seeking to capitalise on strong demand for hedge funds focussed on macroeconomic trends as it aims to raise $400 million (321.62 million pounds)in fresh capital, documents seen by Reuters showed. “Macro” was the most in-demand hedge […]
Salient Launches Global Macro Fund
(HFMWeek) Houston, Texas-based investment manager Salient Partners has launched a global macro fund. The $14bn firm launched the Salient Convexity Fund last week with onshore Deleware and offshore Cayman Island structures and around $30m of starting capital, according to regulatory […]
Eurekahedge: Hedge Fund Index Gains 2.29% In Q1/2017
(FINalternatives) Hedge funds largely weathered a number of headwinds in March, including a Fed interest rate hike, Trump’s stumble with U.S. healthcare and the official start of the Brexit process, according to early data from Eurekahedge. The Eurekahedge Hedge Fund […]
Here’s an Obscure Thing Hedge Funds Are Buying Because of The North Korea Nuclear Risk
(CNBC) Hedge funds are snapping up insurance against a South Korean default as the nuclear threat from North Korea appears to grow. As measured by South Korea’s five-year-default swap, the cost of protection against the country’s inability to pay back […]
World’s Hottest Funds Make No Money for Most Managers in Europe
(Bloomberg) Being in the hottest part of the investment universe doesn’t necessarily pay.Exchange-traded funds, or ETFs, based in Europe have doubled assets in the past five years to 550 billion euros ($584 billion), though the market remains so fragmented that […]
Japan’s $1.3T GPIF Begins Recruiting Outside Alternative Asset Managers
(FINalternatives) Japan’s massive Government Pension Investment Fund (GPIF) has begun recruiting its first outside managers for investments in alternative assets, including private equity, infrastructure and real estate, in Japan and other developed countries. To read this article: