Category Archives: Syndicated
Markets on Recession Watch
(Harvest) Just five weeks into the new year, stocks have taken a beating across the globe. Continuing a trend we saw beginning in early 2015, stocks of a small number of very large US companies have been the best place […]
As Hedge Funds Stumble, One Firm Prepares to Buy Illiquid Stakes
(Bloomberg) The worst year for hedge funds since 2011 is good news for Andrew Lawrence, chief executive officer of Rosebrook Capital Partners.Lawrence, 55, is seeking to raise $250 million to $500 million for a fund that will buy stakes in […]
Apex Capital CIO Departs to Launch Hedge Fund
(Reuters) The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation.”While we […]
AIG to Plan Exit From at Least Half of Hedge Fund Positions
(Bloomberg) American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company’s portfolio.The insurer has holdings in more than 100 funds and plans to cut […]
Obscure Chinese Firm Wants To Buy The Chicago Stock Exchange
(Bloomberg) While the world has gotten used to seeing Chinese companies snap up overseas businesses, the purchase of a 134-year-old U.S. stock market by Chongqing Casin Enterprise Group ….why does a provincial Chinese business with no apparent ties to the […]
Hedge Funds Make a Back-Up Plan
(Bloomberg) Hedge funds are bracing for another round of upheaval in the investment banking industry, judged by their closest day-to-day relationship.Banks are a key link in the hedge fund supply chain. Hedge funds need their prime brokerage desks for access […]
BTG Said Among Investors to Pull Money From Own Hedge Fund
(Bloomberg) Grupo BTG Pactual is among investors that have pulled money out of the Brazilian bank’s own hedge fund unit, according to two people familiar with the matter.The firm had hundreds of millions of dollars invested in the BTG Pactual […]
Lone Pine, Corvex Each Lose $250 Million in One Day
(Bloomberg) Hedge funds Lone Pine Capital LLC and Corvex Management, among the biggest shareholders in pipeline operator Williams Cos, each lost about $250 million Monday as the stock slumped along with natural gas producer Chesapeake Energy Corp. Williams declined 35 […]
A New York hedge fund is making a $1 billion bet on more bond-market pain
(Business Insider) Perry Capital, a $10 billion New York-based multistrategy hedge fund led by Goldman Sachs alum Richard Perry, is making a $1 billion bet against investment-grade corporate bonds, according to The Wall Street Journal.The Journal reports that Perry Capital […]
Memories of 2008 Still Impacting Wealthy Investors’ Decisions
(Evestment.com)While almost 80% of wealthy investors say the economic recovery has met or exceeded their expectations and almost half say they wish they had invested more during the rebound, many still aren’t fully participating in the financial markets due to […]
Hedge Fund Investors in the Lion City
(Preqin.com) As one of the leading financial centres in Asia, Singapore has become a significant source of capital for the hedge fund industry. According to Preqin’s Hedge Fund Investor Profiles module on Hedge Fund Online, there are currently 62 hedge […]
MetLife Bets on Hedge Fund Rebound After Reducing Energy Wagers
(Bloomberg) MetLife CIO Steven Goulart is betting on a recovery in the insurer’s hedge-fund holdings, after scaling back energy investments as oil prices slumped. Goulart said Thursday in a conference , “This is a portfolio that has provided strong returns […]