(Reuters) Argentina settled with additional creditors holding defaulted sovereign bonds for $253 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Sunday. The agreements in principle reached late last week with several groups of […]

(Bloomberg) Grupo BTG Pactual is spinning off its commodity-trading unit and renaming the division Engelhart Commodities Partners in a deal valuing the business at about $1.6 billion. BTG shareholders may be eligible to receive equity in the new entity or […]

(Daily Alts) Context Reports Allocators are Upbeat on AlternativesMarket volatility, geopolitical risk and the extended bull market are not deterring investors from increasing their allocations to hedge funds in 2016, according to a new report from Context Summits. In fact, […]

(CNBC) Imagine you knew a friend of a friend who kept bragging about the killing they were making trading. You don’t know where they were investing, all you know is that they are doing really well. But imagine if you […]

(Harvest) I just got done reading Jeff Bezos’ annual letter to shareholders, which is outstanding as it always it. As I finished it, I spent a few minutes thinking about it. He references Amazon’s style of “portfolio management”. He doesn’t […]

(Daily Alts) Morningstar Expands Alternative Fund CategoriesChicago-based Morningstar, the leading mutual-fund resource for individual investors, is revamping its liquid alternatives categorization methodology. In addition to its current alternative-fund categories of multi- and single-currency, managed futures, market neutral, multialternative, long/short equity, […]

(Bloomberg) Highbridge Capital Management, whose hedge-fund business oversees about $6 billion globally, hired Karyo Oh as an equities fund manager in Asia as investments in the region have expanded, said a person with knowledge of the matter. Oh is expected […]

(Bloomberg) Blackstone Group LP, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fundmanagers following a large redemption by the vehicle’s main backer, Fidelity Investments. The Blackstone Alternative Multi-Manager Fund will no […]

(Reuters) London-based credit-focused hedge fund firm Numen Capital has hired Egerton Capital investment analyst Marcello Sallusti to launch a new fund, three sources told Reuters.This will be the first foray for Numen, which runs 1.2 billion euros ($1.36 billion), into […]

(CNBC) Stocks are mixed today, and volatility is flat and trending down, and that may be a surprise to a lot of people. The market had reasons to go down. Stocks have been strong and are somewhat overbought. On top […]

(Bloomberg) Congressional investigators concluded Tuesday that there is “substantial reason to believe” that U.S. Representative Alan Grayson of Florida violated federal laws and House rules regarding the hedge fund he runs, his personal disclosures and the use of official resources […]

(Reuters) Two funds managed by Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted heavy losses in March as bets on declining prices for financial assets in Asia and Brazil soured. Money managers […]