Willis Towers Watson launches hedge fund marketplace

Feb 20 7:45am HFM Week
AMX to reduce costs and increase transparency, consultant says...
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Aspect promotes risk director to CRO

Feb 20 7:32am HFM Week
Anna Hull to join $6bn systematic firm’s board...
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News round-up: Millennium, Citadel enjoy 5% Kraft boost

Feb 20 6:54am HFM Week
AQR and Odey halt Aberdeen AM shorting; Singapore SWF, Hillhouse fund Mobike and more ...
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Schroders hard closes Two Sigma Gaia fund

Feb 20 6:41am HFM Week
Market-neutral Gaia fund hits $1.5bn capacity within six months of launch...
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1

Tages adds third Ucits to Lux platform

Feb 20 5:31am HFM Week
Tages Cygnus Europa Event Driven launches with $30m...
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1

Selwood launches market-neutral Ucits with Morgan Stanley

Feb 20 5:23am HFM Week
Market Neutral Credit fund is London-based manager’s second Ucits...
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1

Brazilian manager Captalys launches first offshore credit fund

Feb 17 4:22pm HFM Week
Firm launches offshore version of existing vehicle to attract international investors...
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15

Investment Manager Settles Fraud Charges

Feb 17 9:44am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today announced that a purported real estate investment manager has agreed to pay more than a half-million dollars to settle charges that he pocketed investor money in an investment scheme. The SEC alleges that […]...
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16

Institutional Investors Plan To Boost Allocations To Alt Assets In 2017

Feb 17 9:35am Hedge Fund News From HedgeCo.Net
(FINalternatives) Nearly three out of four investors attending the Context Summits gathering in Miami two weeks ago plan on increasing their allocations to alternative assets in the year ahead, according to a survey taken during the event. To read this […]...
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15

Preqin: Redemptions Accelerated Through 2016 Despite Best Annual Return Since 2013

Feb 17 9:33am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge fund redemptions accelerated throughout 2016 despite the respectable 7.40\% ultimately booked by the alternative asset class, according to recent data published by industry observer Preqin. To read this article:...
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44

Och-Ziff Capital Management Suffers $13B in Redemptions In Past 13 Months

Feb 17 9:31am Hedge Fund News From HedgeCo.Net
(FINalternatives) Investors pulled some $13 billion from beleaguered Och-Ziff Capital Management over the past 13 months as the hedge fund manager dealt with the fallout of a five-year bribery investigation and very expensive settlements with the U.S. Justice Department and […]...
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15

Ashford Prime Reaches Deal With Sessa Capital

Feb 17 9:28am Hedge Fund News From HedgeCo.Net
(Reuters)Ashford Hospitality Prime Inc. has reached an agreement with hedge fund Sessa Capital to add two directors to the real estate investment trust’s board.The agreement ends a long feud between the company and the hedge fund, which launched a proxy […]...
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15

Hedge Fund TCI Says Has Support in Battle Against Safran-Zodiac Deal

Feb 17 9:25am Hedge Fund News From HedgeCo.Net
(Reuters) Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran’s agreed bid for seats manufacturer Zodiac Aerospace.”We have received support from several American […]...
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15

CSX Activist Mantle Ridge Says Willing to Adjust Demands

Feb 17 9:23am Hedge Fund News From HedgeCo.Net
(Reuters) The activist investor targeting U.S. railroad operator CSX Corp. (CSX.O) said in a letter to the company’s board on Thursday that he was willing to adjust certain demands as long as his CEO candidate was guaranteed a four-year contract. […]...
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15

Hedge Funds Face Multiple Uncertainties in 2017

Feb 17 9:22am Hedge Fund Marketing Alliance
As 2017 unfolds, hedge funds face not only the ever-present reality of uncertain markets, but also the tentative future of the regulations under which they operate. Donald J. Trump’s ascendancy to the Presidency will almost certainly differentiate itself from his predecessors’ approach to market oversight. The hedge fund industry will be faced with a new […]...
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11

BlackRock Backs Gold to Hedge Market Risk

Feb 17 9:21am Hedge Fund News From HedgeCo.Net
(Bloomberg) Investors should probably be a little more nervous, according to one BlackRock Inc. money manager. Stocks have rallied to records amid signs of stabilization in China’s economy and bets that President Donald Trump will boost U.S. infrastructure spending, roll […]...
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16

Bets on Fortress Placed Before Bid News Yield 400% Profit

Feb 17 9:19am Hedge Fund News From HedgeCo.Net
(CNBC) A trader or traders in the options market made an estimated profit of 400 percent betting on a big move in Fortress Investment Group shares on Tuesday, just hours before the private equity firm announced a $3.3 billion takeover […]...
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15

Stocks Turn Away from Record Highs as Hedge Fund Short-Covering Dries Up, Oil Futures Turn Negative

Feb 17 9:17am Hedge Fund News From HedgeCo.Net
(Nasdaq) The S&P 500 slipped into red for the first time in eight days, coinciding with reports that Catalyst Fund had covered a $17 billion short position, and oil futures reversed early gains. As a result, the energy sector is […]...
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15

Alternative Strategies: What Have the Past Three Years Taught Investors?

Feb 17 9:14am Hedge Fund News From HedgeCo.Net
(Harvest) When I joined Invesco in 2014 and started blogging about alternatives , alternative investment strategies were fairly new to individual investors; most of these mutual funds had track records of less than three years. At that time, many people […]...
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15

Understanding The Difference Between Alpha, Beta, & Cash Returns

Feb 17 9:12am Hedge Fund News From HedgeCo.Net
(Harvest) At their highest level, investment returns can be subdivided into three components: the cash rate, beta, and alpha. return = cash + beta + alpha The cash rate is the base interest rate controlled by central banks. Every other […]...
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16

Preqin launches portfolio company performance monitor

Feb 17 7:53am HFM Week
New tool to ease valuation and client reporting, data provider says...
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15

Viking, Icahn lead Q4 energy sell-off

Feb 17 7:32am HFM Week
S&P Global Market Intelligence Hedge Fund Tracker shows 10 largest managers shed $2.7bn worth of holdings...
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16

Prestige raises $100m for direct lending

Feb 17 6:10am HFM Week
$1.3bn Cayman firm experiencing increased interest from institutional allocators...
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15

News round-up: Bets on Fortress raise insider trading questions

Feb 17 6:02am HFM Week
Lion Point backs Elliott demands; Sessa and Ashford Hospitality reach agreement; and more...
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15

Earnings Releases & Social Media: Listening to the Crowd

Feb 16 7:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
Earnings releases, and the “seasons” made up out of them, have become almost a comforting ritual in the investment world. The days leading up to a company’s release often incites a good deal of more or less well-informed guesswork. That guesswork may become significantly more informed through crowdsourcing. That isRead More...
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18

Wincrest Capital launches onshore l/s equity fund

Feb 16 10:16am HFM Week
Former Deutsche Bank FoHF chief sets up new fund with $25m...
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14

Fortress Executives to Cash in $1.39bn from SoftBank Sale

Feb 16 9:30am Hedge Fund News From HedgeCo.Net
(Bloomberg) The three leaders of Fortress Investment Group LLC will reap a combined $1.39 billion from the sale of the alternative-asset manager to SoftBank Group Corp. Co-Chairmen Pete Briger and Wes Edens own stakes worth $510 million and $511 million, […]...
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12

Veritas Capital Hits $3.55B Hard Cap On Sixth PE Fund

Feb 16 9:23am Hedge Fund News From HedgeCo.Net
(FINalternatives)Private equity company Veritas Capital has raised $3.55 billion for its sixth buyout fund, handily exceeding its $3 billion target within four months of entering the marketplace and closing at its hard cap. To read this article:...
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11

SEC Charges Company and Officers With Defrauding Investors

Feb 16 9:10am Hedge Fund News From HedgeCo.Net
(HedgeCo.NET) The Securities and Exchange Commission today charged a California-based penny stock company and four corporate officers with misleading investors about the research, development, and profitability of their purported business to manufacture power generation products such as fuel cells. The […]...
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10

More High Profile Withdrawals Hit Hedge Funds

Feb 16 9:03am Hedge Fund News From HedgeCo.Net
(Valuewalk) At the beginning of this week, JP Morgan published its 2017 Institutional Investor Survey, which revealed despite hedge funds’ underperformance in recent years, 81\% of respondents said they made new allocations to hedge funds in 2016, and nine out […]...
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11

Hedge Funds Enter 2017 on Positive Note with 0.84% Gains

Feb 16 9:01am Hedge Fund News From HedgeCo.Net
(Opalesque) Hedge funds started the year on a positive note, up 0.84\% during the month of January. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 1.49\% over the same period. Among regional mandates, Latin American […]...
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11

Hedge Fund Night Square to Shut, Founders Move to Citadel

Feb 16 8:59am Hedge Fund News From HedgeCo.Net
(Reuters) Hedge fund Night Square Capital Partners, which traces its roots to legendary stock picker Julian Robertson, is shutting down and its founding partners are joining Citadel, one of the industry’s biggest investors. Neel Parekh and Michael Berkley co-founded the […]...
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11

HFR: Asian Hedge Fund Capital Steady as Funds Outperform Benchmarks

Feb 16 8:57am Hedge Fund News From HedgeCo.Net
(FINalternatives) Asian hedge funds led the charge in both the fourth quarter of last year and 2016 as a whole, according to the latest edition of Hedge Fund Research’s Asian Hedge Fund Industry Report, outperforming regional equity markets on strength […]...
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11

US Says Ex-BNY Mellon Unit Employee Embezzled $7m

Feb 16 8:54am Hedge Fund News From HedgeCo.Net
(Reuters) A former employee of a Bank of New York Mellon Corp unit was arrested on Wednesday on charges that he embezzled $7.1 million, which he used to pay for gambling debts and buy an outdoor pool, luxury cars and […]...
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11

Money supermarket anyone?

Feb 16 7:29am HFM Week
Hedge funds in 2017 need centralised infrastructure, standardised compliance and clarity on cost...
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15

What could Trumps executive orders mean for hedge funds?

Feb 16 5:45am HFM Week
DoL rule likely to be eliminated while fate of Dodd-Frank remains unclear...
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17

News round-up: Trump wants Cerberus founder Feinberg to lead intelligence probe

Feb 16 5:03am HFM Week
Night Square Capital closes down; Morgan Stanley strategist departs for hedge fund; and more…...
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17

Marshall Wace limits flows into Liquid Alpha fund

Feb 16 4:04am HFM Week
London hedge fund giant looks to stabilise asset growth in $1.8bn strategy...
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15

Och-Ziff multi-strat assets drop $8.4bn in 2016

Feb 15 8:21pm HFM Week
Net outflows partially offset by performance gains, listed firm says in full-year results...
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16

Ex-Franklin Templeton analyst to launch l/s equityfund

Feb 15 12:25pm HFM Week
Ocean Park Investments is expected to start trading in Q2 this year...
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16

JonesTrading appoints financial research head

Feb 15 11:51am HFM Week
David Walrod joins as a managing director in broker-dealer’s New York office...
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19

Accumulus Capital names first COO after acquisition

Feb 15 11:01am HFM Week
Stefan Zellmer is running the firms operations...
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16

Morgan Stanley Settles Charges Related to ETF Investments

Feb 15 10:11am Hedge Fund News From HedgeCo.Net
(HedgeCo.NET) The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay an $8 million penalty and admit wrongdoing to settle charges related to single inverse ETF investments it recommended to advisory clients. The SEC’s […]...
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18

Activist Managers Boosted By Trump Rally

Feb 15 10:09am Hedge Fund News From HedgeCo.Net
(FINalternatives) Activist hedge funds broadly recovered from a slow start last year to end 2016 with sharp gains, spurred by the equity market rally that followed the U.S. presidential election, and remain hopeful that the new administration’s pro-growth, low-tax proposals […]...
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17

Eurekahedge: Hedge Fund Index Gain +0.84% In January On Event-Driven Advance

Feb 15 10:07am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds continued last year’s late momentum into 2017, according to the latest reading of Eurekahedge’s Hedge Fund Index, although they still underperformed broader market benchmarks. To read this article:...
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SoftBank to Buy Fortress Investment for $3.3bn

Feb 15 10:05am Hedge Fund News From HedgeCo.Net
(Reuters) Japan’s SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world’s largest private equity fund. The all-cash deal […]...
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14

Morgan Stanleys Global Stock Trading Head Leaves for Hedge Fund Millennium

Feb 15 10:02am Hedge Fund News From HedgeCo.Net
(Reuters) Morgan Stanley’s global head of equities trading Peter Santoro is leaving the firm, the company said on Tuesday. Santoro is joining hedge fund Millennium Partners. He will be replaced by Alan Thomas, who will run equities in the Americas. […]...
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15

Harvard Endowment Managers Said to Depart to Start Funds

Feb 15 10:02am Hedge Fund News From HedgeCo.Net
(Bloomberg) Three money managers are planning to leave Harvard University’s struggling endowment to start their own hedge funds as the organization cuts staff and outsources investments. Portfolio managers Michele Toscani and Graig Fantuzzi, who each focus on fixed income at […]...
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15

Alfi appoints duo to lead new Singapore working group

Feb 15 10:01am HFM Week
Ex-Dubai leader Valerie Mantot and Asia head Ching Yng Choi named co-chairs...
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12

Hedge Funds Boost Financials, Trim Tech and Other 13F Highlights

Feb 15 9:59am Hedge Fund News From HedgeCo.Net
(Bloomberg) Hedge fund managers jumped on the Trump train in the last three months of 2016, boosting their stakes in financial companies and reducing their holdings in technology firms. Financial institutions have risen 22 percent since Donald Trump won the […]...
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15

Pershing Square and Valeant Agree to Split Legal Costs

Feb 15 9:56am Hedge Fund News From HedgeCo.Net
(New York Post) Bill Ackman’s Pershing Square and Valeant Pharmaceuticals have reached an agreement to evenly split legal costs in their nearly two-year long battle against Allergan shareholders…..Under the agreement, filed with the Securities and Exchange Commission on Monday, Valeant […]...
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13

Activist Hedge Fund Marcato Exited BNY Mellon Position in Fourth Quarter

Feb 15 9:53am Hedge Fund News From HedgeCo.Net
(Reuters) Activist hedge fund Marcato Capital Management, which has called for cost cuts at Bank of New York Mellon for years, exited its position in the fourth quarter, according to a regulatory filing made on Tuesday. The San Francisco-based hedge […]...
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15

A Big Massachusetts Pension has Yanked its Money from one of the Hedge Fund Industrys Struggling Titans

Feb 15 9:47am Hedge Fund News From HedgeCo.Net
(The Business Insider) The Massachusetts state pension fund, which invests roughly $5 billion in hedge funds, has pulled money out of Brevan Howard, one of the industry’s most prominent firms, a spokesman for the pension fund confirmed on Tuesday…. To […]...
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90

Ex-Hedge Fund Boss on Suing the Government: I Dont Think They Want the Truth to Come Out

Feb 15 9:45am Hedge Fund News From HedgeCo.Net
(CNBC) David Ganek’s lawsuit against federal authorities alleging improper conduct that led to the shuttering of his $4 billion New York hedge fund is inching closer to a long-sought conclusion…. To read this article:...
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15

News round-up: CSX to vote on Mantle Ridge proposals

Feb 15 6:55am HFM Week
Elliott completes Interpublic exit; Paulson's AIG position shrinks; and more...
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18

Managed accounts: A necessary evil you cant ignore?

Feb 15 6:48am HFM Week
Managers are wary of the business downsides but investor hunger for the structures appears insatiable...
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19

Gauging the gatekeepers

Feb 15 6:03am HFM Week
HFMWeek takes a look at hedge fund consultants’ assets over the last 21 months amid poor industry performance and investor angst...
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18

Aon Hewitt leads consultant growth in fiduciary funds

Feb 15 5:58am HFM Week
HFM research records increase in discretionary assets at investor firms...
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17

Hackers wow managers on security breaches at HFM Tech summit

Feb 15 5:53am HFM Week
Reformed ‘professional nuisance’ highlights how much log-in info is public...
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17

Are investors expecting too much from SMAs?

Feb 15 5:37am HFM Week
Managers are facing a dilemma over managed accounts...
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