Category Archives: Syndicated
Capital Group Companies Ups Stake in Credit Suisse to 5%+
(Fin Alternatives) U.S. asset manager Capital Group Companies has reportedly increased its stake in Swiss bank Credit Suisse from 3.0142% in April to 5.051% as of Tuesday. To read this article:
Activist Hedge Funds And Big Banks: A Match Made in Mediocrity
(Dealbreaker.com) When hedge fund ValueAct Capital gobbled up a 2 percent stake in Morgan Stanley a few weeks ago, it reignited a speculative thread that has cropped up repeatedly in 2016: activist investors could soon be storming the gates at […]
Quant Fund Gives Robots 364 Days Off to Best Currency Rivals
(Bloomberg) Like a lot of hedge funds, Principal Global Investors’ Macro Currency Group uses computer-driven models to devise trading strategies. What sets it apart is that its machines only make calls once a year. Each January, the computers’ longer-term economic […]
Hedge Fund Industry Sees Net Outflows of USD34 Billion in First Half
(Hedgeweek) The hedge fund industry saw net outflows of USD34 billion over the first half of 2016, with the majority of outflows (USD20 billion) occurring in the second quarter, according to Preqin. As a result, as of 30 June 2016 […]
Pimco is Hiring People to Target $17.4 Trillion Asian Wealth
(Bloomberg) Pacific Investment Management Co. is seeking to expand in an increasingly affluent Asia. The $1.5 trillion money manager is in the process of hiring more than 20 people in marketing, operations, legal and compliance teams in the next two […]
Top Firm Said to Let Staff go
(HITC Business) One of the giants of Wall Street is retreating from investing in European buyouts months after writing a big cheque to the campaign to keep the UK in the EU. Sky News reports they have learnt that Morgan […]
World’s Top Performing Fund Is Running Out of Good Stocks to Buy
(Bloomberg) The world’s best-performing stock fund is discovering the downside of success. After producing a three-year return of 275 percent, more than any other equity fund with at least $500 million, managers of the DSP BlackRock Micro Cap Fund say […]
Carl Icahn backs Bill Ackman into a corner in Herbalife battle
(New York Post) Icahn said Ackman, whose Pershing Square hedge fund has a $1 billion dollar short bet on Herbalife, should realize he’s “boxed in,” with little room to maneuver. Nearly a third of the nutritional supplement company’s shares are […]
Biggest Bond Binge in History Passes Africa By as Yields Rise
(Bloomberg) Africa is missing out on the biggest emerging-market bond party in history. As countries from Saudi Arabia to Papua New Guinea prepare to hit the market with tens of billions of dollars in Eurobond sales before the Federal Reserve […]
Virtually No Institutional Investors Are Happy With Activist Hedge Funds Right Now
(Bloomberg) The ongoing squabble between billionaire hedge fund luminaries William Ackman and Carl Icahn over Herbalife Ltd. distracts from a large warning sign for activist managers…The August edition of Prequin’s Hedge Fund Spotlight shows that 100 percent of institutional investors […]
Hedge Fund Industry Sees Net Outflows of USD34 Billion in First Half
(Hedgeweek) The hedge fund industry saw net outflows of USD34 billion over the first half of 2016, with the majority of outflows (USD20 billion) occurring in the second quarter, according to Preqin. As a result, as of 30 June 2016 […]
Wall Street Redoubles Fight to Manage $100 Billion at Endowments
(Bloomberg) Helping endowments manage their investments has grown into an almost $100 billion business that’s attracted stiff competition from banks, consultants and boutiques. Almost 80 investment firms have sprung up to target foundations, family offices and colleges, up from just […]