AB hires Commonfund head of asset allocation

Feb 24 4:38pm HFM Week
Jess Gaspar appointed global director of research for manager’s multi-asset arm...
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The Most Overpaid CEOs In S&P 500 Comapnies That Largely Underperformed The Market

Feb 24 9:56am Hedge Funds
CEO pay surged by 943 percent in less than years, a study from the Economic Policy Institute revealed last year. This means that compensation rose at a much faster pace than inflation, the cost of living, economic productivity and even the stock market. In addition, the research note explicated, these figures prove that CEO pay does not reflect a company’s performance, nor it’s stock returns. In order to better understand this phenomenon, and find out which companies are overpaying its CEOs the most, Benzinga reached out to Rosanna Landis Weaver, from the As You Sow (AYS) non-profit foundation, which releases a report on the 100 Most Overpaid CEOs every year. What Does ‘Overpaid’ Mean? One of the most interesting conclusions that AYS drew this year was that, the companies run by the 100 most overpaid CEOs in 2014 underperformed the S&P 500 by 2.9 percentage...
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Carl Icahn's Track Record In Big Pharma

Feb 24 9:40am Hedge Funds
Billionaire investor and corporate raider Carl Icahn has trained his eyes on Bristol-Myers Squibb Co (NYSE: BMY). A Wall Street Journal report revealed on Tuesday that Icahn has picked up a substantial stake in the pharma giant, although the report did not put a number to it. Does Icahn's interest mean the company is in for a radical overhaul? The report also suggested that Icahn is impressed with the company's experimental drug pipeline even as he thinks it is an acquisition target. Since August last year, shares of Bristol-Myers have been languishing, as they are down over 13 percent. The company's cancer immunotherapy franchise Opdivo has not done well as it should have, consequently ceding share to rivals. Related Link: Which Pharma Players Dominate The Lung Cancer Space? Source: Y Charts Now, how would Icahn's association impact Bristol-Myers Squibb? Will he be...
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3

$5.2bn pulled from hedge funds in January

Feb 24 9:13am HFM Week
Macro, commodities, market neutral and event driven funds attract inflows in first month of 2017...
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Hedge Funds Continue to Chase the Herd With Record Momentum Bets

Feb 24 9:12am Hedge Fund News From HedgeCo.Net
(Bloomberg) Hedge funds can’t get enough of momentum — even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, hedge funds are the most […]...
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State Street: Investment Firms Must Embrace The 3 Is Of Data To Remain Competitive

Feb 24 9:08am Hedge Fund News From HedgeCo.Net
(FINalternatives) Despite the rapidly accelerating pace of digital innovation in the financial sector, many investment firms remain digital laggards and are embracing new technologies slowly when compared to their peers, according to recent research from State Street. To read this […]...
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Melkmans Light Sky Macro Said To Be Backed By Hedge Fund Giants

Feb 24 9:06am Hedge Fund News From HedgeCo.Net
(FINalternatives) Ben Melkman’s Light Sky Macro, already thought to be seeded by Point72’s Steven Cohen earlier this year, is reportedly also counting Coatue Management founder Philippe Laffont, Moore Capital’s founder Louis Bacon and Third Point founder Dan Loeb among its […]...
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Emerging Market Hedge Fund Assets Hit Record $200bn

Feb 24 9:02am Hedge Fund News From HedgeCo.Net
(Reuters) The assets of hedge funds investing in emerging markets have surged above the $200 billion mark for the first time, rising by $9.3 billion in 2016, according to industry tracker Hedge Fund Research (HFR) said on Thursday. The Chicago-based […]...
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Renaissance Partner Airs Battle With Mercer Over Trump

Feb 24 9:00am Hedge Fund News From HedgeCo.Net
(Bloomberg) A Renaissance Technologies partner went public with his strong objections to top executive Robert Mercer’s support for President Donald Trump, telling the Wall Street Journal of a heated confrontation between the two men that may lead to his firing. […]...
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3

Charmed by US Tax Plans, Investors Buy Stock, Bond Funds

Feb 24 8:55am Hedge Fund News From HedgeCo.Net
(Reuters) Investors are showing increasing comfort wading into the markets, lavishing cash on U.S.-based stock and corporate bond funds in the latest week, Lipper data showed on Thursday. Those stock funds attracted $2.7 billion during the week ended Feb. 22, […]...
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3

Fatter Company Profits May Extend Emerging Equity Rally

Feb 24 8:52am Hedge Fund News From HedgeCo.Net
(Reuters) Emerging market equities have a spring in their step as an upswing in company profits extends a year-long 40 percent rally in the sector and allows investors to look past the threat of a global trade war. MSCI’s emerging […]...
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3

Elliott Raises Stake in Arconic, Pushes Harder for CEO Ouster

Feb 24 8:50am Hedge Fund News From HedgeCo.Net
(Reuters) Hedge fund Elliott Management Corp said on Thursday it had raised its stake in specialty metals maker Arconic Inc to about 13 percent and stepped up pressure for the ouster of Chief Executive Klaus Kleinfeld. Elliott also made a […]...
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A Hot New Hedge Fund is Gearing up for One of This Years Biggest Launches

Feb 24 8:47am Hedge Fund News From HedgeCo.Net
(The Business Insider) A former Citadel money manager is gearing up for one of this year’s biggest hedge fund launches. Brandon Haley’s Holocene Advisors is planning to launch with about $1 billion on April 3.. To read this article:...
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3

CalPERS Elects New Chair and Vice Chair of Investment Committee

Feb 24 8:45am Hedge Fund News From HedgeCo.Net
(Opalesque) Henry Jones has been named Chair and Bill Slaton Vice Chair of the California Public Employees’ Retirement System’s investment committee. Jones was first elected to the CalPERS in 2007 by retired CalPERS members. He was re-elected to terms beginning […]...
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6

Family Office Networks Launches The Chicago Family Office Association

Feb 24 8:43am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) Family Office Networks announced today the launch of a new division in Chicago led by Richard Beleutz. Family offices, high net worth individuals and the top advisors who serve them are invited to join the Chicago Family Office Association, […]...
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Trade Secret: Emerging Markets Constrained by US Policy Uncertainty

Feb 24 8:38am Hedge Fund News From HedgeCo.Net
(Harvest) Uncertainty about US trade policy changes that could potentially harm emerging market economies dragged them down 4\% during the fourth quarter of 2016, underperforming developed markets by 2\%. Yet emerging market economies generally showed positive signs, with exports beginning […]...
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Duet closes managed futures fund as co-CIOs depart

Feb 24 8:36am HFM Week
Ex-Bluecrest quants Mattias Eriksson and Ebrahim Kasenally leave $5bn firm...
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News round-up: Alan Howard to be sole PM on new fund

Feb 24 6:24am HFM Week
Brevan Howard AH Master Fund to cap external assets to $1bn; Holocene Advisors tipped for $1bn launch; and more ...
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7

Crestline research head to launch closed-ended arbitrage firm

Feb 24 6:21am HFM Week
Nowlin Randolph set to debut Mahonia Capital later this year with friends and family capital...
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Omega founder opens affiliate firm for options fund debut

Feb 24 6:15am HFM Week
Argos Global Advisors will run a fund mirroring $200m managed account strat...
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Liquid Alternatives: A Look Back at Mercers Look Around

Feb 23 7:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
The market for liquid alternatives continues to grow and adapt. On St. Valentine’s Day of this year, ABR Dynamic Funds announced that it was launching its first Irish-domiciled UCITS V fund. Maybe it should have waited until St. Patrick’s Day? At any rate, the fund “seeks U.S. participation in aRead More...
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Some hedge funds call time on stock market rally

Feb 23 10:10am Hedge Fund News From HedgeCo.Net
(Reuters) – Stock market optimism about U.S. President Donald Trump’s economic agenda is overdone and political risk in Europe isn’t priced in, according to some hedge funds who are betting that the rally in equities is coming to an end. […]...
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Beachhead Capital Management Adds Liquid Alt Strategies To Mercury iFunds Platform

Feb 23 10:08am Hedge Fund News From HedgeCo.Net
(FINalternatives) Liquid alternatives specialist Beachhead Capital Management has announced the inclusion of two of its strategies in Mercury Capital Advisors’ iFunds platform. To read this article:...
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Preqin: Investors Diversify Alternative Assets Exposure

Feb 23 10:05am Hedge Fund News From HedgeCo.Net
(FINalternatives) Alternative investors have significantly increased their asset class diversity over the past year, according to new research from data provider Preqin, while satisfaction with private equity is at record levels. More than a third of investors have exposure to […]...
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10

Marshall Wace Bets Grocer Sainsbury May Need Rights Offering

Feb 23 10:03am Hedge Fund News From HedgeCo.Net
(Bloomberg) J Sainsbury Plc may need a rights offering as margins shrink amid fierce competition among U.K. supermarket operators, according to Marshall Wace LLP, a U.K. hedge-fund firm that’s betting on a decline in the company’s shares. “Sainsbury’s balance sheet […]...
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10

CME Group Sees Chinese Hedge Funds, State-owned Firms Driving Asia Growth

Feb 23 10:01am Hedge Fund News From HedgeCo.Net
(Reuters) China’s 2015 market crash sparked a surge in Asian trading for futures exchange giant CME Group as Chinese funds hedged their risk offshore and growth prospects remain strong, the bourse’s head of Asia said on Tuesday. Christopher Fix, managing […]...
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7

BlackRock, Fidelity Bet Big on Brazils Booming Equities Market

Feb 23 9:48am Hedge Fund News From HedgeCo.Net
(Bloomberg) BlackRock and Fidelity are betting Brazil’s world-beating stock surge over the past year has yet to run its course. William Landers, a money manager at New York-based BlackRock, says he entered the year with a “pretty big overweight” in […]...
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7

Some of the Biggest Names in the Hedge Fund Industry are Planning to Invest in a Hot New Fund

Feb 23 9:46am Hedge Fund News From HedgeCo.Net
(The Business Insider) Philippe Laffont, the founder of Coatue Management; Louis Bacon, the founder of Moore Capital; and Dan Loeb, the founder of Third Point, are planning to invest in Ben Melkman’s Light Sky Macro, a New York hedge fund […]...
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8

Martin Investment Management, LLCs Investment Strategies Offered on HedgeCoVest Platform

Feb 23 9:27am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) Martin Investment Management, LLC, a Registered Investment Adviser, has teamed up with HedgeCoVest LLC to add two new institutional-level strategies to the HedgeCoVest Managed Accounts Platform and the SMArt Xchange (‘SMArtX’), a unified managed accounts platform available exclusively to […]...
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9

Forward redemptions up 3.3% in February

Feb 23 9:07am HFM Week
SS&C GlobeOp indicator flat over 12 months but sees increase on January...
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9

News round-up: Dan Loeb and Louis Bacon added to list of Light Sky Macro backers

Feb 23 7:50am HFM Week
New York Hedge fund complains of low quality job candidates; Activists will drive sustainable investment, CEO tells conference, and more...
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13

Emerging markets hedge fund AuM hits new highs

Feb 23 7:32am HFM Week
Capital allocated to EM strategies reached $200.7bn at end of 2016, according to HFR...
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12

New Asian hedge fund launches raise $3.2 billion in H2 2016

Feb 23 4:30am HFI Industry Analysis
The flow of new hedge fund launches in Asia continued to run at modest levels in the second half of 2016, although the overall figures were boosted by a handful of large new offerings...
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14

New beginning for Usais Pelagus under Mavors banner

Feb 23 4:30am HFI Profiles
Under the new banner of Mavors Investment Managers (MIM), Bruno Usai has separated from The Mako Group and taken his 10-year-old fixed-income relative value fund fully independent. He has also launched a second, UCITS-compliant version of the strategy, and is looking to rebuild assets under management in what promise to be more volatile times this year...
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7

Shimodas UMJ Galleyla thrives in volatile Japanese market

Feb 23 4:30am HFI Profiles
A blend of technical and fundamental analysis, and a focus on small caps, has served the Tokyo-based Galleyla fund well in a volatile equity market...
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13

Tide turning on investor sentiment to hedge funds

Feb 22 5:58pm HFM Week
Barclays prime services team highlights ways hedge funds are accommodating investor demands...
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13

Activist Investors Are Back And More Active Than Ever

Feb 22 3:13pm Hedge Funds
Notable activist investor Carl Icahn helped boost shares of Bristol-Myers Squibb Co (NYSE: BMY) on Wednesday after his name was attached to the stock. This comes just a few days after Nelson Peltz, a fellow activist investor, amassed a multi-billion-dollar stake in Procter & Gamble Co (NYSE: PG). Business as usual for activist investors? CNBC's Leslie Picker crunched the statistics to see ...Full story available on Benzinga.com...
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18

Absolute Return Awards: Final nominations announced

Feb 22 12:45pm HFI Performance
The 12th annual Absolute Return Awards will honor the top performing managers of 2016.
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SEC to Host Crowdfunding Dialogue February 28

Feb 22 12:06pm Hedge Fund News From HedgeCo.Net
(Hedgeco.NET) The Securities and Exchange Commission will host a crowdfunding symposium Feb. 28, covering research, challenges, opportunities, and the effects of securities-based crowdfunding on various market participants. The Commission’s Division of Economic and Risk Analysis is partnering with NYU’s Salomon […]...
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14

Ex-Forex Traders Get Jail Time for Cheating Banks

Feb 22 8:55am Hedge Fund News From HedgeCo.Net
(Bloomberg) Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks for cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng was sentenced […]...
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11

Lyxor: Hedge Fund Index Gains 1% On Macro, CTA Strategies

Feb 22 8:52am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds have continued to benefit from a supportive earnings season in the U.S. and a general risk-on sentiment across the board, according to the latest edition of Lyxor Asset Management’s Weekly Brief. To read this article:...
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11

JANA Partners Inks Deal With Tiffany & Co. For Three Board Seats

Feb 22 8:51am Hedge Fund News From HedgeCo.Net
(FINalternatives) Barry Rosenstein’s activist hedge fund JANA Partners has struck a surprise deal with Tiffany & Co. in which the luxury retailer will add three directors to its 10-seat board. To read this article:...
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70

Global Prime Partners Launches Structured Products Unit

Feb 22 8:49am Hedge Fund News From HedgeCo.Net
(FINalternatives) London-based Global Prime Partners has launched a structured products division that will provide clients with streamlined access to top issuers along with custom technology and customer service. To read this article:...
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70

Investors are Charging into Emerging Market ETFs

Feb 22 8:47am Hedge Fund News From HedgeCo.Net
(Bloomberg) U.S. President Donald Trump has supported many policies that could harm emerging market economies. But investors are betting that his bark will turn out to be worse than his bite. More than $7 billion has poured into exchange-traded funds […]...
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12

Gotham Hedge Fund Explores Shifting Fees to Tie Pay to Returns

Feb 22 8:43am Hedge Fund News From HedgeCo.Net
(Bloomberg) Gotham Asset Management, the $6 billion money manager run by Joel Greenblatt and Robert Goldstein, is exploring a new fee structure that ties more of the fund’s pay to performance. The firm is in talks with some investors for […]...
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14

Hedge Funds Diverge on Gold, Silver Price

Feb 22 8:41am Hedge Fund News From HedgeCo.Net
(Mining) Gold was drifting lower on Tuesday in brisk post-holiday trading in the US as the metal seeks direction after hitting three-month highs earlier this month. Gold for delivery in April, the most active contract on the Comex market in […]...
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14

Hedge Fund Veterans Team Up to Launch $300m Multi-strategy Manager

Feb 22 8:39am Hedge Fund News From HedgeCo.Net
(Reuters) Rick Doucette, who spent 26 years at Weiss Multi-Strategy Advisers, and ex-UBS prime brokerage senior salesman Gerry Polizzi are planning a new multi-strategy hedge fund, they told Reuters.Doucette and Polizzi plan to launch Antecapio Investment Partners with $300 million […]...
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14

Icahn Buys Bristol-Myers Shares, Adding to Activist Pressure

Feb 22 8:37am Hedge Fund News From HedgeCo.Net
(Reuters) Billionaire investor Carl Icahn has taken a stake in Bristol-Myers Squibb Co and sees the drugmaker as a possible takeover target, according to a report published on Tuesday that sent the company’s shares from a loss to more than […]...
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14

Wall Street Challenges US Regulator Over Proposed Commodities Rule

Feb 22 8:35am Hedge Fund News From HedgeCo.Net
(Reuters) Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks’ ties to […]...
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14

Hedge Funds Cant Sue Over Investments in Fannie and Freddie

Feb 22 8:32am Hedge Fund News From HedgeCo.Net
(Bloomberg) Hedge funds largely failed in their legal challenge to the U.S. government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging. Perry Capital LLC, […]...
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14

What Billions Gets Right About Insider Trading

Feb 22 8:30am Hedge Fund News From HedgeCo.Net
(Bloomberg) From the start, “Billions” has been a guilty pleasure…The central plotline revolves around an epic struggle between a U.S. attorney named Chuck Rhoades (played by Paul Giamatti) and the fictional hedge fund titan Bobby “Axe” Axelrod (played by Damian […]...
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17

Albourne Partners Takes Apart Texas 1-or-30 Hedge Fund Fee Structure

Feb 22 8:26am Hedge Fund News From HedgeCo.Net
(Valuewalk) The alternative investment industry is chock full of alternative thought. Take Albourne Partners, the London-based hedge fund advisor who is often at odds with the hedge funds they recommend to clients. In a December report to investors reviewed by […]...
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15

Financials and Energy: Have Value Investors Missed the Boat?

Feb 22 8:24am Hedge Fund News From HedgeCo.Net
(Harvest) Being a deep value investor can be a lonely endeavor. We crunch the numbers to find unloved companies that we believe have bright futures ahead — years ahead, in many cases. But if you wait long enough, market sentiment […]...
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14

Global Prime Partners launches structured products arm

Feb 22 6:39am HFM Week
Division to be led by newly recruited business development head Mike Ward...
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16

News round-up: HF vets to launch $300m multi-strat firm

Feb 22 6:02am HFM Week
Gotham looks to tie fees to performance; Hedge funds fail in Fannie and Freddie appeal; and more…...
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17

Why Do Alpha Seekers Find It In the Small Caps?

Feb 21 7:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
The median performance of active fund managers with a small-cap mandate is uniformly better than the performance of their colleagues with a large cap mandate against their respective benchmarks. Fewer than 40\% of large-cap managers outperform U.S. large-cap equity. More than 60\% of their small-cap counterparts do so. The patternRead More...
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25

Ex-Eaton Vance PM to launch Q Asset Management

Feb 21 2:46pm HFM Week
Long-biased fund to pick Russell 3000 stocks...
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15

Ex-Man Group CEO Stanley Fink joins UK parliament HF group

Feb 21 12:28pm HFM Week
Isam chairman appointed to Aima-backed initiative    ...
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15

Litigation finance specialist Bentham opens Texas office

Feb 21 12:14pm HFM Week
Houston-based operation to be led by new hire Eric Chenoweth...
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15

Sandell AM moves HQ to Florida

Feb 21 11:16am HFM Week
$760m equity and credit special sits firm opens Boca Raton office, staffs up London arm...
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