(Harvest) At their highest level, investment returns can be subdivided into three components: the cash rate, beta, and alpha. return = cash + beta + alpha The cash rate is the base interest rate controlled by central banks. Every other […]

(Bloomberg) The three leaders of Fortress Investment Group LLC will reap a combined $1.39 billion from the sale of the alternative-asset manager to SoftBank Group Corp. Co-Chairmen Pete Briger and Wes Edens own stakes worth $510 million and $511 million, […]

(FINalternatives)Private equity company Veritas Capital has raised $3.55 billion for its sixth buyout fund, handily exceeding its $3 billion target within four months of entering the marketplace and closing at its hard cap. To read this article:

(Valuewalk) At the beginning of this week, JP Morgan published its 2017 Institutional Investor Survey, which revealed despite hedge funds’ underperformance in recent years, 81% of respondents said they made new allocations to hedge funds in 2016, and nine out […]

(Opalesque) Hedge funds started the year on a positive note, up 0.84% during the month of January. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 1.49% over the same period. Among regional mandates, Latin American […]

(Reuters) Hedge fund Night Square Capital Partners, which traces its roots to legendary stock picker Julian Robertson, is shutting down and its founding partners are joining Citadel, one of the industry’s biggest investors. Neel Parekh and Michael Berkley co-founded the […]

(FINalternatives) Asian hedge funds led the charge in both the fourth quarter of last year and 2016 as a whole, according to the latest edition of Hedge Fund Research’s Asian Hedge Fund Industry Report, outperforming regional equity markets on strength […]

(Reuters) A former employee of a Bank of New York Mellon Corp unit was arrested on Wednesday on charges that he embezzled $7.1 million, which he used to pay for gambling debts and buy an outdoor pool, luxury cars and […]

(FINalternatives) Activist hedge funds broadly recovered from a slow start last year to end 2016 with sharp gains, spurred by the equity market rally that followed the U.S. presidential election, and remain hopeful that the new administration’s pro-growth, low-tax proposals […]

(FINalternatives) Hedge funds continued last year’s late momentum into 2017, according to the latest reading of Eurekahedge’s Hedge Fund Index, although they still underperformed broader market benchmarks. To read this article:

(Reuters) Japan’s SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund. The all-cash deal […]

(Reuters) Morgan Stanley’s global head of equities trading Peter Santoro is leaving the firm, the company said on Tuesday. Santoro is joining hedge fund Millennium Partners. He will be replaced by Alan Thomas, who will run equities in the Americas. […]