Category Archives: Syndicated

Deutsche Bank: Assets in Alternative UCITS Funds Up 26% Annually since 2008

(finAlternatives.Com) A new survey from Deutsche Bank Global Prime Finance shows that the total value of assets invested in alternative UCITS-compliant vehicles has risen by 26% annually since the 2008 financial crisis, while two-thirds of respondents plan on increasing their […]

2016 Election Forcing Hard Choices Among Some Fund Managers

(FinAlternatives) Some well-known hedge fund managers traditionally aligned with the Republican Party are weighing their choices as the 2016 presidential campaign staggers its way to the finish line. To read this article:

Maverick Fund Said to Lose 6.8% as Bets Against Technology Hurt

(Bloomberg) Maverick Capital’s main hedge fund lost 6.8 percent this year through Oct. 7 as its bets against technology stocks soured, according to a person with knowledge of the matter. The $11 billion firm, run by Lee Ainslie, told investors […]

Hedge Fund Startups Plummet in Asia Amid Low Returns, High Fees

(Bloomberg) Asia hedge funds are opening at the slowest pace since the turn of the century. Just 27 new funds started trading in Asia in the first nine months of this year, the fewest since 2000 when 56 funds opened, […]

Hedge Funds Cost N.Y. Pension Plan $3.8 Billion

(Bloomberg) The New York state comptroller’s decision to stick with hedge funds despite their poor returns has cost the Common Retirement Fund $3.8 billion in fees and underperformance, according to a critical report by the Department of Financial Services. The […]

Yen Holds Three-Week Decline as Hedge Funds Reduce Bullish Bets

(Bloomberg) The yen held a three-week decline against the dollar as hedge funds trimmed bullish bets on the Japanese currency by the most since May and speculation increased that the Federal Reserve will raise interest rates this year. Japan’s currency […]

Preqin: All-Strategies Index Gains 4.06% in Q3/16, Up 5.41% YTD

(FinAlternatives) Despite a stubbornly negative narrative about the hedge fund industry this year, the segment booked gains of 4.06% for the third quarter – the best quarterly return in three years – and is now up a nearly-respectable 5.41% for […]

Ex-Blackford Capital Execs Launch Auxo Investment Partners

(FinAlternatives) New private equity firm Auxo Investment Partners has launched with an initial goal of raising $50 million in equity commitments to invest in North American manufacturing, industrial, value-added distribution, or business services companies. To read this article:

Hedge Fund Parvus Shows Hand, Toppling William Hill Deal

(Bloomberg) The founders of London-based hedge fund Parvus Asset Management like to play their cards close to their chest. By showing their hand in a recent investment, they thwarted a proposed merger of gambling companies William Hill Plc and Amaya […]

Hutchin Hill Plans to Close Hong Kong Office After 19 Months

(Bloomberg) Hutchin Hill Capital, the $3.4 billion New York-based hedge fund led by Neil Chriss, is shutting its 19-month-old Hong Kong office. While the fund’s Pan-Asian Event Driven strategy has been “modestly profitable” since its inception, profits were driven “largely […]

Hedge Funds Reverse Bullish Softs-Bearish Grains Betting on Ags

(Agrimoney.com) Hedge funds reversed, in spades, their trend of placing bullish bets on soft commodities and bearish ones one grains, as Chicago wheat saw a rare buying spree, while sugar suffered its worst selldown in six months. Managed money, a […]

Goldman Sachs Vindicated but Bruised in Court Battle with Libyan Fund

(Reuters) The outcome of a two-and-a-half-year legal battle between Goldman Sachs and Libya’s $67 billion sovereign fund is a triumph for the Wall Street giant, which was vindicated despite embarrassing revelations about how some of its bankers conducted business.The London […]