New Study Shows Sharp Rise In Non-Equity Based Strategies Among New Hedge Funds

Mar 15 9:18am Hedge Fund News From HedgeCo.Net
(FINalternatives) A rising number of newly launched hedge funds are employing non-equity-based investment strategies, according to a new study released by alternative investments law firm Seward & Kissel. To read this article:...
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Eurekahedge: Hedge Fund Index Gains +0.99% In February On Equity Market Strength

Mar 15 9:16am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds benefitted from strong performance in U.S. equities in February and encouraging economic data in the region, according to a flash reading of Eurekahedge’s Hedge Fund Index, with 11\% of managers posting returns greater than 5\% during the […]...
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Online poll: HFs see Trump volatility as biggest macro threatthis year

Mar 15 9:15am HFM Week
Impact of French election and stability of the Eurozone also causing concern...
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Hennessee Hedge Fund Index gains +0.99% in February (+2.97% YTD)

Mar 15 9:13am Hedge Fund News From HedgeCo.Net
(Opalesque) Hennessee Group LLC announced that the Hennessee Hedge Fund Index gained +0.99\% for the month (+2.97\% YTD), while the S&P 500 rose +3.72\% (+5.58\% YTD), the Dow Jones Industrial Average increased +4.77\% (+5.42\% YTD), and the NASDAQ Composite Index […]...
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Hedge Funds Up 0.99% With Strong Performance From the US

Mar 15 9:10am Hedge Fund News From HedgeCo.Net
(Opalesque) Hedge funds gained 0.99\% during the month of February. Meanwhile underlying markets as represented by the MSCI AC World Index (Local) gained 2.72\% over the same period. February was marked by strong performance in US equities on the back […]...
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Opec Learns to Love Hedge Funds

Mar 15 9:08am Hedge Fund News From HedgeCo.Net
(Risk.net) The growth of shale oil production and the increasing dominance of financial markets on the oil price mean the Organisation of Petroleum Exporting Countries (Opec) is reversing its distaste for hedge fund investors. To read this article...
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Paul Singer Is Reopening His Flagship Hedge Fund to New Capital

Mar 15 9:05am Hedge Fund News From HedgeCo.Net
(Bloomberg) Billionaire Paul Singer is reopening his hedge fund to additional cash to take advantage of upcoming investment opportunities, according to people familiar with the matter.Investors will be able to start committing their money to the multistrategy hedge fund in […]...
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Hedge Fund With One-Day Investment Horizon Up 30 Per Cent In 2016

Mar 15 9:01am Hedge Fund News From HedgeCo.Net
(Financial Post) This hedge fund is only looking one day ahead. That delivered a 30 per cent return in 2016 for the London-based Runestone Capital Fund, which crunched more than 700 variables to develop a quantitative model for trading U.S. […]...
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Conquest launches Ucits version of all weather strat with MontLake

Mar 15 8:55am HFM Week
Conquest Star Ucits is 90\% correlated to program launched last year...
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UK scraps national insurance tax hit on LLPs

Mar 15 8:49am HFM Week
Chancellor Hammond withdraws contentious plans to raise Class 4 NIC...
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News round-up: Elliott Management reopens to new capital

Mar 15 7:01am HFM Week
Cambridge Associates makes staff cuts; Trump nominates Giancarlo as CFTC chair; and more…...
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Omega AM shuts as FoHFs shift to Spanish parent

Mar 15 6:47am HFM Week
Cost-cutting and liquid alts re-focus blamed for move...
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Cost pressures drive more firms to look at outsourced trading

Mar 15 6:38am HFM Week
Investor sentiment is slowly shifting as more emerging managers look to move trading functions to third-party providers...
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FoHFs strive for scale and diversification

Mar 14 8:03pm HFM Week
Our interview with EnTrust Permal’s Gregg Hymowitz highlights the benefits of getting bigger while we report on another FoHF casualty...
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Looking at a Continent: Stress-Testing Banks and Insurers

Mar 14 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
The European Central Bank’s financial stability review, published in November 2016, predicts “steady, but modest, euro area economic recovery, despite continued headwinds.” The review is designed to assist Europe’s policy making authorities by providing information about the bank’s microprudential and macroprudential roles, along with the risks and vulnerabilities of theRead More...
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Increase in percentage of non-equities start-ups

Mar 14 6:16pm HFM Week
Seward & Kissel notes managers are increasingly looking at multi-strategy, credit and quants...
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A Brief Timeline Of The Bill Ackman-Valeant Relationship

Mar 14 2:37pm Hedge Funds
After a headline-filled tenure, Bill Ackman's investment in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) is over. As first reported by CNBC and TheStreet, and later confirmed to Benzinga, the activist investor's firm Pershing Square sold its 27.2 million share position at $11 per share, thus ending one of the most newsworthy investments of recent memory. Here now, is a brief timeline of the Bill Ackman—Valeant relationship. March 9, 2015: Reports surface Ackman has acquired a $3.3 billion stake, or 5 percent, of Valeant. At the time, that made Pershing Square the company's fifth-largest shareholder. Valeant closes at $204.69. March 25, 2015: Ackman increases his position to 19,473,933 shares of Common Stock for a 5.7 percent stake. It made him Valeant's second-largest shareholder, and accounted for nearly 25 percent of the firm's portfolio. Reuters reports Ackman is committed to a passive stake. Valeant closes at $197.0. October 6, 2015: After the stock tumbles 10 percent following news it increased the ...Full story available on Benzinga.com...
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How Much Money Did Bill Ackman Lose In Valeant?

Mar 14 10:10am Hedge Funds
One of the worst chapters of Bill Ackman’s investing career is officially over. After roughly two years, Ackman’s Pershing Square has sold its entire position in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) at a significant loss. Valeant shareholders have endured a seemingly endless stream of bad news since Ackman joined the mix. The company's questionable business model, pricing and ties to specialty pharmacy Philidor eventually led to an SEC investigation. Shares have plummeted from all-time highs of $263 in ...Full story available on Benzinga.com...
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Heres What the Market Could do for the 3rd Time in 17 years

Mar 14 9:58am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The major averages continue to set record highs, which provides further evidence that Wall Street is becoming more complacent with the growing dichotomy between equity prices and the underlying strength of the U.S. economy. When investors view the Total […]...
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One Of Americas Largest Pension Funds Plans Hedge Fund Fee Overhaul

Mar 14 9:46am Hedge Fund News From HedgeCo.Net
(Valuewalk) The Teacher Retirement System of Texas (TRS), one of the world’s largest hedge fund allocators, has officially changed the fee structure it will pay fund managers, ValueWalk has learned. We first reported the proposed move to change the hedge […]...
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Horseman Hedge Fund Suffers 10% Redemptions as It Ditches Shorts

Mar 14 9:44am Hedge Fund News From HedgeCo.Net
(Bloomberg) Months of losses and a decision to cut long-running short bets prompted clients of Horseman Capital Management to pull about 10 percent of the money in its flagship global hedge fund. The Horseman Global Fund, which is overseen by […]...
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Hedge Funds Exit Emerging-Market Assets as Real Money Swoops In

Mar 14 9:42am Hedge Fund News From HedgeCo.Net
(Bloomberg) Short-term investors are escaping emerging markets ahead of a likely U.S. interest-rate hike this week amid concern a strengthening dollar will undermine credit quality in developing nations. Meanwhile, longer-term investors have increased their exposure, pointing to equity and currency […]...
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Hedge Fund Brevan Howard Seeks Injunction to Block Reuters Story

Mar 14 9:40am Hedge Fund News From HedgeCo.Net
(Reuters) Brevan Howard Asset Management, a British hedge fund, has sought an injunction to prevent Reuters publishing a story that the firm says is based on confidential information. A spokesman for Brevan Howard, one of Europe’s biggest hedge fund management […]...
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Carlyle Hires Schryber For Global Business Development Role

Mar 14 9:40am Hedge Fund News From HedgeCo.Net
(FINalternatives) Global alternative asset manager Carlyle Group has named former First Avenue Partners executive Ben Schryber as a managing director in the firm’s New York office, where he will lead credit sales and business development efforts globally. To read this […]...
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Blackstone Chooses Luxembourg For Post-Brexit EU Hub

Mar 14 9:38am Hedge Fund News From HedgeCo.Net
(FINalternatives) Blackstone has reportedly joined a number of global financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain’s vote to leave the EU, as companies without regulated operations within the bloc prepare […]...
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Hedge Funds See Strong Start to March, Says Lyxor

Mar 14 9:36am Hedge Fund News From HedgeCo.Net
(Hedgeweek)The Lyxor Global Macro index outperformed during the first week of March, up 1.3 per cent.More generally, it was a strong start to the month for hedge funds, according to Lyxor’s latest Weekly Brief. The Lyxor Hedge Fund Index was […]...
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Oil Prices Drop as Hedge Funds Head For The Exit

Mar 14 9:34am Hedge Fund News From HedgeCo.Net
(Reuters) Hedge funds and other money managers had barely started liquidating their record bullish position in crude oil futures and options before prices tumbled on March 8. The critical question is how much more of the position will need to […]...
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Balyasny adds Sunofia quant equity pros

Mar 14 9:34am HFM Week
Ex-Dresdner systematic trading head latest to join Bam quant build out...
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Ackman Dumps Valeant Stake Hours After Being Squeezed on Herbalife

Mar 14 9:32am Hedge Fund News From HedgeCo.Net
(New York Post) Bill Ackman screamed “uncle” on one of his worst bets ever — while getting squeezed by Carl Icahn on his second-worst bet. The New York tycoon behind Pershing Square Capital Management on Monday announced that he has […]...
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Barnegat Fund starts 2017 strong, up 5.7% through February

Mar 14 9:28am Hedge Fund News From HedgeCo.Net
(Opalesque) Komfie Manalo, Opalesque Asia: The Barnegat Fund, the hedge fund run by Bob Treue has started the year off to a good start. The fund was up 2.2\% in February and up 5.7\% for the first two months of […]...
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Digging Deeper for Municipal Bond Income

Mar 14 9:23am Hedge Fund News From HedgeCo.Net
(Harvest) There’s a lot of uncertainty today for municipal bond investors: how do you hang onto the income you have in the face of rising rates and the potential for tax reform, and where should you look for more? To […]...
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Activist CIAM ups Euro Disney pressure amid management criminal behaviour

Mar 14 9:15am HFM Week
Hedge fund looking to oppose parent takeover by Walt Disney, claims false accounting over share depreciation...
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News round-up: Pershing abandons Valeant stake

Mar 14 8:17am HFM Week
China looks to step-up securities enforcement action; Horseman bleeds assets in 2016; and more...
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Kingsford CCO/CFO leaves after 12-year stint

Mar 13 6:24pm HFM Week
Jack Amidon replaces Kelly Mazzucco in the dual position...
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How Carl Icahn Is Destroying One Recent Herbalife Short Thesis

Mar 13 2:01pm Hedge Funds
Herbalife Ltd. (NYSE: HLF) shares are up 2.3 percent Monday after Carl Icahn put to rest any speculation that he may be worried about his Herbalife investment ahead of the upcoming release of the “Betting On Zero” documentary. The movie, which opens in the United States on March 17, follows Pershing Square Capital manager Bill Ackman’s $1 billion short bet on Herbalife and his drive to expose the company as a pyramid scheme. Last week, QTR Research outlined its short thesis on Herbalife's ...Full story available on Benzinga.com...
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Convert arb firm Quest opens Ucits on Montlake platform

Mar 13 1:27pm HFM Week
MontLake Quest Convertible Absolute Return uses fundamental and quant strat...
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Candriam HFs enjoy $850m inflows in 2016

Mar 13 10:14am HFM Week
New York Life-owned asset manager enjoys firm-wide AuM increase by 8.5\%...
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Six senior traders depart Graham in 2016 as firm reshapes PM teams

Mar 13 9:53am HFM Week
Ken Tropin's $13bn macro firm increased portfolio management teams from 28 to 32...
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Executives Charged With Manipulating Companys Accounting Systems to Steal Money

Mar 13 9:39am Hedge Fund News From HedgeCo.Net
(HedgeCo.NET) The Securities and Exchange Commission today charged two former executives with masterminding a fraudulent scheme to steal millions of dollars through phony expense reimbursements, inflated invoices, and other improper accounting tactics. The SEC’s complaint alleges that iPayment’s then-senior vice […]...
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Wall Street Nearly Unanimous On U.S. Rate Hike Next Week

Mar 13 9:35am Hedge Fund News From HedgeCo.Net
(FINalternatives) Wall Street’s top banks were nearly unanimous on the view the Federal Reserve will increase interest rates at its policy meeting next week following a stronger-than-forecast February U.S. payrolls report, a Reuters poll showed on Friday. To read this […]...
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Wilshire Liquid Alternative Index Returns +0.75% On Macro Strength

Mar 13 9:33am Hedge Fund News From HedgeCo.Net
(FINalternatives) Liquid alternatives rose in February but largely underperformed their traditional hedge fund brethren, according to new research from Wilshire Associates. To read this article:...
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Blackrock Vows New Pressure on Climate, Board Diversity

Mar 13 9:31am Hedge Fund News From HedgeCo.Net
(Reuters) BlackRock Inc(BLK.N), which wields outsized clout as the world’s largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity. […]...
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Hedge Funds Find No Joy in Macro as Returns Lag Trump Rally

Mar 13 9:28am Hedge Fund News From HedgeCo.Net
(Bloomberg) In 2017, macro hedge funds were expected to shine. So far? Not so much.It’s been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 percent through February, according to […]...
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A Hedge Fund With Big-Name Backing Has Suffered Another Blow

Mar 13 9:26am Hedge Fund News From HedgeCo.Net
(Yahoo News) Folger Hill Asset Management, a hedge fund backed by Leucadia, has suffered another blow. Rayne Gaisford, the director of risk management, left in recent weeks and plans to work in consulting, according to people familiar with the situation. […]...
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Back From NYC, Trader at Swedish Hedge Fund Steps on the Brakes

Mar 13 9:23am Hedge Fund News From HedgeCo.Net
(Bloomberg) If you want to protect your portfolio, you better go liquid. The current market is “priced for perfection,” said Sean George, a partner and head of fixed income at Swedish fund manager Granit Fonder AB. “It’s time to step […]...
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Disaster Risk Priced In Risk Reversals

Mar 13 9:21am Hedge Fund News From HedgeCo.Net
(Harvest) There has been a lot of discussion about crisis alpha with some hedge fund strategies like managed futures and the need for investors to build portfolios which will provide some crisis risk offset. There has been less talk about […]...
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A Fascinating Look at Dr. Michael Burrys Investment Strategy

Mar 13 9:19am Hedge Fund News From HedgeCo.Net
(Harvest) Dr. Michael Burry was one of the heroes of Michael Lewis’s book The Big Short: Inside the Doomsday Machine , which tells the story about how he correctly predicted the credit and housing bubble collapse in 2008 and decided […]...
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Scaramucci Could Get Slammed With Taxes If He Doesnt Land White House Gig

Mar 13 9:17am Hedge Fund News From HedgeCo.Net
(New York Post) Scaramucci’s White House bid may not be dead yet Well-known hedge fund executive Anthony Scaramucci, his possible White House gig already very much up in the air, could be facing a whopping tax bill if no Trump […]...
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Hedge Fund Industry Working Group to Focus On Data Management Quality

Mar 13 9:14am Hedge Fund News From HedgeCo.Net
(Hedgeweek) More than 150 senior executives from across the hedge fund industry have attended the first meeting of the new Data Management Working Group for the Alternatives Industry (DMWGAI)… To read this article:...
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SS&C indicator shows flow slowdown

Mar 13 9:10am HFM Week
Capital movement index dips to 0.4\% this month, down on 0.8\% level for March 2016...
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CSAM signs partnership with credit specialist Lucror

Mar 13 8:24am HFM Week
Five-year deal gives Credit Suisse access to HY debt research platform...
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News round-up: Preet Bharara fired after refusing Sessions request to quit

Mar 13 8:05am HFM Week
Scaramucci facing potential tax bill shock; Swedish HF seeks liquidity; and more…...
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Staying Private: A Contrary Push or a Weakening Pull?

Mar 12 7:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
The number of public companies listed on U.S. exchanges peaked in 1996. Due to mergers on the one hand and de-listings on the other, factors far offsetting new initial public offerings, this number has fallen drastically since then, to less than half of peak. Part of the reason for thisRead More...
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How The Ultra-Wealthy Are Helping Advance Health And Life Sciences

Mar 10 3:58pm Hedge Funds
Advances in biotechnology, medicine and life sciences traditionally require a lot of time, work and funding. However, much of this effort is being made by small companies and foundations, that struggle to secure capital resources, rather than large pharmaceutical companies like Novartis AG (ADR) (NYSE: NVS), Johnson & Johnson (NYSE: JNJ), Pfizer, Inc. (NYSE: PFE), AstraZeneca plc (ADR) (NYSE: AZN) or GlaxoSmithKline plc (ADR) (NYSE: GSK). Nonetheless, there’s a segment of high net worth individuals in the United States and abroad that are committed to the advancement of life sciences; they come together at Cavendish Global[i]. This New York-based community of innovators, impact investors and strategic partners is dedicated to connecting these individuals and organizations with the companies and researchers that can literally save lives with their support. Benzinga recently att...
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Don Steinbrugge Explains Reinsurance: A Strategy That Helps Hedge Funds Remain Safe From Market Volatility

Mar 10 12:12pm Hedge Funds
Back in January, Benzinga published a series of articles where Don Steinbrugge, one of the top experts in the hedge fund industry, shared a preview of the top trends he expects to see among hedge funds in 2017. The specialist talked about the evolution in fees, the impact of the Trump administration, money flows, shifting strategies, manager selection and many other topics. In this occasion, Seinbrugge is back to educate us about another very interesting strategy that some hedge funds are using: reinsurance. Similar to relative value fixed income, market neutral long/short equity, commodity trading advisors (CTAs)-based, direct lending and volatility arbitrage strategies, reinsurance has a low correlation with capital markets. RE-Insurance? What’s That? Most Benzinga readers are quite familiar with insurance companies like Allstate Corp (NYSE: ALL), Chubb Ltd (NYSE: CB), American...
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SEC Charges Company and Executives With Touting Bogus Revenues

Mar 10 9:32am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today charged a California-based company and its founder with falsely touting “record” revenue numbers to investors and claiming to be a leader in the medical marijuana industry while some of its earnings came from […]...
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eVestment: Hedge Fund Aggregate Up +1.08% In February as 70% Of Funds Book Positive Results

Mar 10 9:24am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds continued their winning streak in February, returned an average of 1.08\% during the month – the twelfth positive period in the last thirteen – and bringing year-to-date returns to +2.24\%, according to new research provider eVestment. To […]...
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Preqin Study Finds Private Debt Management Fees At Eight-Year Low

Mar 10 9:22am Hedge Fund News From HedgeCo.Net
(FINalternatives) New data from Preqin reveals that fees charged by private debt funds during their investment periods, already in a downtrend since 2014, have reached an eight-year low among funds launched last year. To read this article:...
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Four Bondholders Sue Peabody Energy, Hedge Funds Over Stock Sale

Mar 10 9:20am Hedge Fund News From HedgeCo.Net
(Reuters) Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer’s Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. The four […]...
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Man Group Names Michelle Mccloskey President Of Man Americas

Mar 10 9:17am Hedge Fund News From HedgeCo.Net
(Reuters) British hedge fund Man Group Plc named Michelle McCloskey as president of Man Americas. Michelle, who joined Man Group in 2006, will also be on Man Group’s executive committee and remain closely involved with Man FRM, which provides investment […]...
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