BlackRock Alts CIO and Alliance Partners co-founder launch special ops fund

May 26 5:44pm HFM Week
Mathew Botein and Lee Sachs team up to launch long-only vehicle...
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Trishield COO departs after 10 years to start Park Overlook AM

May 26 4:59pm HFM Week
Michael Leibert helped launch Jeff Buick’s firm in 2007...
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Fifth Street to close credit hedge fund and sell CLO business

May 26 4:50pm HFM Week
Decision to wind down its non-core businesses comes after a rocky period for the firm...
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HFM Insights test

May 26 10:56am HFM Week
At almost €1 trillion in assets under management, the UK is Europe’s largest alternatives industry, accounting for more than 60\% of the continent’s total alternative assets under management. As a market, it is the first step into Europe for US alternatives managers and the cornerstone of European business for most European alternatives managers. And despite…...
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San Francisco Fund Manager Pleads Guilty to Fraud Conspiracy

May 26 8:43am Hedge Fund News From HedgeCo.Net
(Reuters) A San Francisco investment fund manager pleaded guilty on Thursday to conspiring to defraud investors by fabricating an impressive investing track record, New York federal prosecutors announced. Nicholas Mitsakos, who ran a fund called Matrix Capital Markets, pleaded guilty […]...
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$33bn Hedge Fund: There Could Be a Recession if the Trump Administration Doesnt Get its Act Together

May 26 8:38am Hedge Fund News From HedgeCo.Net
(The Business Insider) Billionaire Paul Singer’s Elliott Management says we might be in for a recession if the Trump administration doesn’t pass reforms in taxes, regulation and health care. Trump took office with a plan to cut taxes, cut back […]...
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Charges Filed in Trading Scheme Involving Confidential Government Information

May 26 8:35am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission has announced charges in an alleged insider trading scheme involving tips of nonpublic information about government plans to cut Medicare reimbursement rates, which affected the stock prices of certain publicly traded medical providers or […]...
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Ex-Goldman Star Who Traded Through Quake Makes Unusual Move

May 26 8:32am Hedge Fund News From HedgeCo.Net
(Bloomberg) As the biggest earthquake ever recorded in Japan rocked the Roppongi Hills skyscraper in central Tokyo, Makoto Yamada put on his helmet, dropped to his knees, and traded. “We had an option to leave, but we couldn’t leave the […]...
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A Legendary Hedge Fund That Raised $5bn in 24 Hours Expects All Hell To Break Loose

May 26 8:30am Hedge Fund News From HedgeCo.Net
(The Business Insider) Billionaire Paul Singer’s Elliott Management, which raised $5 billion in less than 24 hours earlier this month, says it has been building up its cash reserve to deploy during future market turmoil. The hedge fund has been […]...
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Greenwich Global Hedge Fund Index Gains 0.59% in April; Up 2.90% YTD

May 26 8:29am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds reported their sixth consecutive month of returns in April, according to data from Greenwich Alternative Investments, booking a composite return of +0.59\% during the month and bringing its YTD tally to +2.90\%. To read this article:...
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Size Matters With Managed Futures But Not Just With Performance

May 26 8:28am Hedge Fund News From HedgeCo.Net
(Harvest) There has been a preference for large managers within the managed futures space as measured by money flows, but it comes at a cost. Looking at year to date performance from the CTA Intelligence performance database shows the differences […]...
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European debt firm Butler launches Ucits with MontLake

May 26 8:24am HFM Week
Butler Credit Opportunities Ucits will aim for annual returns between 8\% and 10\%...
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News round-up: San Francisco hedge fund pleads guilty to fraud

May 26 6:21am HFM Week
Elliott wins Arconic board nominee battle; Citadel to boost Irish headcount; and more…...
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CFTC commissioner wants self-funding model for agency

May 25 11:37pm HFM Week
Bowen calls for firms to pay fees direct to derivatives regulator as budget 'insufficient'...
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Highland: 20% chance of Trump impeachment

May 25 8:02pm HFM Week
Senior management highlight a number of best ideas in the credit and equity space...
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The Intelligent Use of Smart Beta

May 25 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
By Scott Opsal, The Leuthold Group Understanding Factor Returns And Market Conditions Quantitative investing has become an integral component of professional investment management, and smart beta funds have become popular vehicles for advisors as they assemble actively-managed client portfolios. Not only have quantitative firms grown in stature, but many fundamentalRead More...
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The Street Isn't Convinced B-Dubs' Proxy Battle With Marcato Will End In A Win-Win

May 25 11:56am Hedge Funds
Deutsche Bank analyst Brett Levy reiterated a Buy rating on Buffalo Wild Wings (NASDAQ: BWLD) with a price target of $180. The analyst elaborated on the long, ongoing proxy war between the company and activist investor Marcato Capital Management. On Wednesday, Institutional Shareholder Services recommended that investors support two of Marcato’s three board candidates, to be voted on at the upcoming annual shareholders meeting on June 2. “We believe the news creates a potentially more favorable outcome for the dissident investor’s board slate as the independent proxy does create a greater likelihood shareholders follow their views,” said Levy in a note. ISS also noted a need for greater ...Full story available on Benzinga.com...
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Unshackled algorithms: Machine-learning promises to shake up large swathes of finance

May 25 10:49am Hedge Funds
Print section Print Rubric: More firms are experimenting with artificial intelligence Print Headline: Unshackled algorithms Print Fly Title: Machine-learning in finance UK Only Article: standard article Issue: How to improve the health of the ocean Fly Title: Unshackled algorithms Main image: 20170527\_FND002\_0.jpg MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon. To cite just a few examples, “heads of machine-learning” can be found at PwC, a consultancy and auditing firm, at JP Morgan Chase, a large bank, and at Man GLG, a hedge-fund manager. From 2019, anyone seeking to become a “chartered financial analyst”, a sought-after distinction in the industry, will ...
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Deerfield analysts charged over insider trading

May 25 9:03am HFM Week
Theodore Huber and Robert Olan accused of insider trading alongside political consultant and government employee...
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Five Charged With Insider Trading Involving US Health Agency

May 25 8:56am Hedge Fund News From HedgeCo.Net
(Reuters) A Washington, D.C., political consultant, a federal employee and three others have been charged with using confidential information from within a U.S. health agency to engage in an insider trading scheme. Federal prosecutors on Wednesday unsealed an indictment in […]...
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Preqin/NXT Survey: Direct Lending Investors Increasing Exposure To Lower Middle Market

May 25 8:54am Hedge Fund News From HedgeCo.Net
(FINalternatives) Interest among direct lending investors is increasingly focused on opportunities in the lower middle market, according to a new survey from Preqin and structured finance specialist NXT Capital, as assets in the fast-growing alternative credit segment approach $100 billion. […]...
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Morgan Stanley Stands Down From Expensive Recruiting Wars

May 25 8:53am Hedge Fund News From HedgeCo.Net
(HITC) No more battles for talent. Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month by competitor Bank of America […]...
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Hedge Funds Squeezed by Worlds Highest Rents Are Moving Out

May 25 8:49am Hedge Fund News From HedgeCo.Net
Bloomberg Benjamin Fuchs raised eyebrows five years ago when he opened his hedge fund next to a place selling live chickens in Hong Kong’s hustling, bustling Tin Hau neighborhood. It was akin to choosing Queens over Manhattan in New York […]...
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This Trump Trade Doesnt Need Congress and Thats Why Wall Street Likes It

May 25 8:46am Hedge Fund News From HedgeCo.Net
(CNBC) While most of the so-called Trump trades require the president to successfully team up with a Republican-led Congress to make business-friendly laws, there’s one group of companies that Trump alone can help and already has, according to Wall Street. […]...
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Gatemore ups stake in DX Group to 21%

May 25 7:44am HFM Week
Activist seeking to oppose reverse takeover by Menzies's Distribution...
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News round-up: Loeb says Dow and DuPont should split into six

May 25 5:11am HFM Week
Hong Kong hedge funds leave Central as Chinese move in; Zodiac accepts reduced Safran offer; and more...
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Altegris drops Winton in mutual fund restructure

May 24 11:20pm HFM Week
QIM and Lynx also cut from multi-manager futures fund...
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The Buffalo Wild Wings-Marcato Proxy War, Explained

May 24 9:02am Hedge Funds
Marcato Capital Management has taken its months-long activist campaign against Buffalo Wild Wings (NASDAQ: BWLD) public and a proxy battle could be finalized at or before the company's Annual Meeting on June 2. Here is a timeline of the public and vocal dispute between the two entities. July 25, 2016: Marcato Capital reports a 5.1 percent stake in Buffalo Wild Wings and wants to engage in friendly dialogue with management. August 17, 2016: Marcato sends a letter to the ...Full story available on Benzinga.com...
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Cooperman Gets SEC Waiver to Keep Raising Money for Hedge Fund

May 24 8:45am Hedge Fund News From HedgeCo.Net
(Bloomberg) Billionaire hedge fund manager Leon Cooperman has received permission from U.S. regulators to keep raising money from outside investors, a privilege that was put at risk when he settled insider-trading allegations last week. The U.S. Securities and Exchange Commission […]...
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Whistleblower Award of More Than Half-Million Dollars

May 24 8:42am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission has announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. “This […]...
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This Hedge Fund Is Making a Bundle on the Death of a Trump Trade

May 24 8:32am Hedge Fund News From HedgeCo.Net
(Bloomberg) There’s a Swedish hedge fund that’s doing very well as faith in the economic agenda of U.S. President Donald Trump dwindles.Informed Portfolio Management (IPM), which manages $6.7 billion, has returned 9 percent so far this year in its main […]...
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LCN Capital Partners Raises $750M For Second Set of Funds

May 24 8:30am Hedge Fund News From HedgeCo.Net
(FINalternatives) Private equity company LCN Capital Partners has raised more than $750 million in capital commitments for its second dual-currency set of sale-leaseback and real estate funds. To read this article:...
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Investors Skeptical Ford CEO Change Will Revive Stock Price

May 24 8:29am Hedge Fund News From HedgeCo.Net
(Reuters) Ford Motor Co’s (F.N) unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction […]...
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MAP research highlights investor hunger and platform bifurcation

May 24 8:29am HFM Week
Top three platforms boost assets by an average of nearly 30\% while others fall back...
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Herbalife Shares Slide on Report China Executive has Left

May 24 8:27am Hedge Fund News From HedgeCo.Net
(CNBC) Herbalife shares fell more than 5 percent Tuesday after a report in the China Securities Journal said the head of the company’s China operations abruptly left Herbalife this week after a 10-year run at the company.Herbalife did not return […]...
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The big get bigger as MAP giants continue to see significant growth

May 24 8:26am HFM Week
HFM’s latest managed account platform survey highlights continued inflows to external platforms...
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Hedge Fund Plummets 62% After Betting Against the Chinese Economy

May 24 8:24am Hedge Fund News From HedgeCo.Net
(Bloomberg) A hedge fund at Emerging Sovereign Group that has bet against the Chinese economy sunk about 62 percent this year through April.The Nexus fund dropped 8.2 percent last month, according to an email to investors seen by Bloomberg News. […]...
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A Tech Startup Founded by Alumni of the Worlds Largest Hedge Fund is Launching in London

May 24 8:22am Hedge Fund News From HedgeCo.Net
(The Business Insider) A San Francisco software startup founded by alumni of the world’s largest hedge fund is expanding into London. Domino Data Lab, a software company for data science teams, has hired Ben Harknett, who previously worked for Google, […]...
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Altegris Streamlines Managed Futures Strategy To Lower Costs And Increase Diversification

May 24 8:20am Hedge Fund News From HedgeCo.Net
(FINalternatives) Alternative investment manager Altegris has made enhancements to its managed futures strategy in order to lower costs, increase transparency and improve tax efficiency. To read this article:...
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Why Wall Streets Workforce is Slowly and Relentlessly Shrinking

May 24 8:15am Hedge Fund News From HedgeCo.Net
(The Business Insider) Every year, the number of bankers and traders employed by the largest banks on Wall Street shrinks a little. Headcount across investment banking, equities and fixed-income trading at the top 12 banks dropped by 1,900 from the […]...
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Paul Tudor Jones Said To Back Alt Industry Artificial Intelligence Startups

May 24 8:15am Hedge Fund News From HedgeCo.Net
(FINalternatives) Famed investor Paul Tudor Jones has reportedly invested into two artificial intelligence startups working on big data applications in alternative investments. To read this article:...
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The Art of Asset Allocation

May 24 8:12am Hedge Fund News From HedgeCo.Net
(Harvest) This conversation wanders into and explores many different areas of investing and life. The theme is how to think about asset allocation and investing holistically–from first principles–but we talk a lot about motivation, incentives, human behavior, and the fear […]...
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Navy SEAL Offers Timeless Investment Advice

May 24 8:10am Hedge Fund News From HedgeCo.Net
(Harvest) While not strictly investment-related, my columns with advice for new graduates seem to generate the most interest each year. So, I’m always on the lookout for interesting material around commencement-time. I originally wrote about a commencement address given by […]...
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Cordium launches broker-dealer hosting platform

May 24 7:59am HFM Week
New broker-dealer licensing solution created by consultancy giant...
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Online poll: HFs less bullish than Rubenstein on future growth

May 24 7:14am HFM Week
Half say growth expected but not at levels predicted by Carlyle co-CEO...
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The makings of a new administration model

May 24 7:02am HFM Week
Large managers are increasingly outsourcing fund admin functions to improve efficiency and control costs...
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News round-up: HF drops 62% betting against Chinese economy

May 24 6:15am HFM Week
Massachusetts manager arrested over “Ponzi-like scheme”; HFs bullish over Greek resurgence...
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Variety is the spice of this years Salt Conference in Vegas

May 24 5:27am HFM Week
Managers reveal Snoop Dogg war wounds while ex-politicians line-up for their huge fees...
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Top investment banks see 10% drop in Q1 prime services revenues

May 24 5:01am HFM Week
Overall revenues rise year-on-year, led by IBD, Coalition data reveals...
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Biggest MAPs see surge of assets in HFM survey

May 24 4:25am HFM Week
HFMWeek research highlights continued growth of major players in the sector...
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Ex-Moore Cap senior PM Mikheev to launch systematic firm

May 24 4:20am HFM Week
Bernina Systematic set to launch with internal capital and two other ex-Moore pros...
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Marketplace Lending: Just Because Im Disruptive Doesnt Mean We Cant Be Friends!

May 23 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
Mark Shore, chief research officer of Shore Capital Research, and an adjunct professor at DePaul University, has prepared an “overview” of marketplace lending for institutional investors and wealth managers. The practice under discussion is also known as peer-to-peer, or even in these character economizing days as P2P, lending. Shore explainsRead More...
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The Capitulation of Leon Cooperman

May 23 6:49pm Hedge Fund Marketing Alliance
Seven months ago, HFMA published Millions in Defense but Not One Penny for Tribute, an article inspired by Leon Cooperman’s SEC insider trading indictment. Recently, Mr. Cooperman forked over $4.95 million to settle the case. Cooperman was not asked to acknowledge any wrongdoing, nor was he subject to any industry ban, which is common in […]...
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A Timeline Of Arconic's Rancorous Battle With Elliott Management

May 23 2:25pm Hedge Funds
A proxy battle between Arconic Inc (NYSE: ARNC) and Elliott Management, an activist investor and major shareholder, ended on Monday. As part of an agreement between the two entities, Elliott will nominate three cirectors and Arconic will elect two members on May 25. Deutsche Bank's Jorge Beristain commented in a research report on Monday that the resolution will put Arconic's management in a better position to refocus on accelerating shareholder returns and find a suitable new CEO. Proxy Battle, In Review Here is a brief timeline of the conflict, which dates back to last ...Full story available on Benzinga.com...
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Salt 2017: Humility, the rise of the machines and a little bit of optimism

May 23 2:01pm HFM Week
Bill Ackman, Michael Hintze and Bruce Richards among big names at the annual Las Vegas bash...
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Majority of hedge funds on dry land in Q1

May 23 12:45pm HFI Performance
More than half of hedge funds ended the first quarter safely above water.
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US Accuses Massachusetts Hedge Fund Manager of Fraud

May 23 8:39am Hedge Fund News From HedgeCo.Net
(Reuters) A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts-based MC2 Capital Management LLC, was arrested in […]...
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How The Top Institutional Investors Are Handling 2017's Most Popular Stocks

May 22 9:55am Hedge Funds
There are some active traders and investors who follow the equity preferences of billion-dollar hedge funds as though their picks were gospel. Others may just keep track of the information for general sentiment purposes. Regardless, knowing the positions of the giant portfolios at legacy trading institutions can be incredibly valuable information. Taking a look at the Institutions widget on FinanceBoards, we can see which stocks are the most in favor among Wall Street’s biggest players. Tesla Inc (NASDAQ: TSLA) remains a popular option among the largest institutional investors like Baillie Gifford & Co—which holds 8.15 percent of the company—and Fidelity’s FMR LLC, which recently increased its position to more than 13.5 percent. On the other hand ...Full story available on Benzinga.com...
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Degroof Petercam eyes potential in Asia fund incubation

May 22 5:00am HFI Profiles
Banque Degroof Petercam, the European bank with €50 billion in assets under management, sees significant potential for incubating managers in Asia. In an interview with AsiaHedge, Michael Stockford, chief executive officer of the Hong Kong-based Degroof Petercam Asset Management (HK) Ltd, outlines the group’s hedge fund incubation initiative in the region...
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