Category Archives: Syndicated
eVestment Forms Alliance To Improve Private Market Due Diligence
(FinAlternatives) Alternative industry data provider eVestment has launched a new consortium of leading investment consultants aimed at establishing standards for reporting private equity fund performance data. To read this article:
Utilizing a European volatility index for Pan-European volatility
(Harvest) In past articles, I’ve discussed the negative correlation between the VSTOXX® Volatility index and the EURO STOXX 50® Index and how the volatility index tends to rally when equities decline (downside volatility). To read this article:
Goldman Sachs, Paulson settle fraud lawsuit over Abacus
(Reuters) Goldman Sachs Group Inc (GS.N) has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis. ACA Financial Guaranty Corp claimed […]
Activists Take Aim at Singapore’s ‘Buy, Pray, Hope’ Model
(Bloomberg) Activist investors, having targeted companies in Japan and South Korea in recent years, have discovered a new playground in Asia. In Singapore, where activist investing was virtually unheard of until now, two companies have found themselves in the crosshairs […]
Ex-BlackRock manager pleads guilty to insider trading
(HITC Business) Mark Lyttleton, a former high-profile BlackRock portfolio manager, pleaded guilty to two counts of insider trading in a London court…..Insider dealing carries a maximum prison term of seven years in the U.K.. To read this article:
A shake-out in fund management ‘will set trillions of dollars in motion’
(The Business Insider) The North American asset management industry is on the brink of a “once-in-a-generation” shift. That’s according to a new report out by McKinsey on Wednesday..,Certain segments of active management are “facing an existential crisis….” To read this […]
Hedge Fund Clients Dump Humans for Computers and Still Lose
(Bloomberg) Losses at Leda Braga’s computer-driven hedge fund this year are running at about twice the level suffered by a macro fund run by billionaire Alan Howard. Yet, while Braga has raised money, investors have pulled billions of dollars from […]
Billionaire Dan Och’s Hedge Fund Firm Cuts Management Fees to 1%
(Forbes) With money flowing out of his hedge fund firm at a fast pace, billionaire Dan Och’s hedge fund firm has cut its average management fee to 1.01%, the latest major hedge fund to try retain investor cash by offering […]
Hedge fund Elliott Management names its biggest worry: inflation
(CNBC) In a new letter to investors, executives of the hedge fund Elliott Management warned that rapid inflation is their biggest concern in the current environment, adding that such a spike would not only collapse bond prices, but potentially lead […]
Eisman of ‘Big Short’ Sees Massive Changes for Hedge Funds
(Bloomberg) Steve Eisman, a fund manager at Neuberger Berman Group who was profiled in “The Big Short,” says Europe still faces the risk of a financial crisis like the one portrayed in the book while the probability of such an […]
Surprises Loom Large in Stockpicker’s Market
(FinAlternatives) Third Point’s Dan Loeb believes his fund’s returns this year have been driven by “idiosyncratic opportunities” presented by a constant steam of surprises that have shaped market trends – and thinks more, including the upcoming election, could be in […]
SEI: Private Equity Managers Must Adapt to Meet Challenges of Rapid Industry Growth
(FinAlternatives) PE managers must make careful choices about investment focus, data handling and outsourcing partnerships – all of which could ultimately mean the difference between success and failure – as the industry continues to grow, according to a new whitepaper […]