Liquid Alternatives Gain $17.6B in AUM As Fund Numbers Contract

Apr 18 9:38am Hedge Fund News From HedgeCo.Net
(FINalternatives) Investors continued to allocate capital to liquid alternative strategies during the first quarter, according to Q1 2017 edition of the Wilshire Liquid Alternatives Industry Monitor, although the net number of funds fell. To read this article:...
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Rhode Island Names GSAMs Stais As Pension Fund CIO

Apr 18 9:37am Hedge Fund News From HedgeCo.Net
(FINalternatives) Rhode Island has named former Goldman Sachs Asset Management executive Alec Stais as chief investment officer of the state’s Treasurer’s office, including oversight of the company’s $7.9 billion Employees’ Retirement System of Rhode Island pension fund. To read this […]...
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Opus Fund Services Unveils New Admin Platform For Marketplace

Apr 18 9:35am Hedge Fund News From HedgeCo.Net
(FINalternatives) Fund administration specialist Opus has announced the launch of a new system designed to ease the burdens of loan-level accounting for marketplace lending portfolios. To read this article:...
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SEC Probes Hedge Fund That Promises Investors No Losses

Apr 18 8:36am Hedge Fund News From HedgeCo.Net
(Bloomberg) Statim Holdings Inc., an Atlanta-based firm that has guaranteed investors in its main hedge fund won’t lose money, is under investigation by the U.S. Securities and Exchange Commission, according to people familiar with the matter. The SEC inquiry into […]...
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Larry Fink Q&A: I Dont Identify as Powerful

Apr 18 8:33am Hedge Fund News From HedgeCo.Net
(Bloomberg) Is $5.1 trillion enough? Not if you’re Larry Fink. The man who built BlackRock Inc. and helped popularize exchange-traded funds now has ambitions to turn the world’s largest asset manager into something more like Google. It’s all about Aladdin, […]...
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CIAM: Walt Disney $2 offer not fair

Apr 18 8:02am HFM Week
Activist hits out at price theme park giant looks to pay for Euro Disney shares...
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K2 Advisors backs l/s equity, RV, global macro, event-driven in Q2

Apr 18 6:58am HFM Week
FoHF tips Trump reforms to pass, populism to dissipate, European equities to outperform US...
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News round-up: Arconic CEO ousted after sending unauthorised letter to Elliott

Apr 18 5:33am HFM Week
GAM management urges shareholders reject RBR board nominations; SEC probes HF promising investors no losses...
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Hedge Fund First Quarter Gains Are in theBlack

Apr 18 2:41am Hedge Fund Jobs – Alpha Calling
Hedge funds posted an aggregate 2.3 percent gain through the first quarter, which marks the strongest start for the industry since 2013. Long/short equity strategies lead the pack with composite returns of 3.2 percent. Back to Reality At first blush, this sounds terrific but, realistically, the industry is beating a very low bar—its own performance […]...
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Ex-JP Morgan exec joins Bitcoin launch Shuttle Fund Advisor

Apr 17 6:13pm HFM Week
Former JPM and Deutsche executive to head up IR for the start-up...
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Prosiris CCO departs as assets plunge by two-thirds

Apr 17 5:38pm HFM Week
Credit manager sees regulatory assets drop from $2.4bn to $800m...
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Bienville Capital launches $210m Argentina-focused hedge fund

Apr 17 5:34pm HFM Week
Second fund in region follows PE structure launched in 2014...
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News round-up: Manny Roman sets out Pimcos alts growth plans

Apr 17 8:44am HFM Week
Mining giant sues George Soros for $10bn; Asset manager bonuses hit in 2016...
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Hedge funds close out Q1 in positive territory

Apr 17 8:15am Hedge Fund News From HedgeCo.Net
(Opalesque) After a streak of lackluster performance, hedge funds seem to be on the mend. New performance data from eVestment shows that hedge funds ended Q1 in positive territory up +2.63 percent for the quarter. Returns for the past 12 […]...
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The head of the worlds biggest hedge fund shares his best advice

Apr 17 7:53am Hedge Fund News From HedgeCo.Net
(Business Insider) For the average person, buying and selling individual stocks is like trying to get rich in a poker game at a table with the world’s greatest players, Bridgewater Associates founder and co-CIO Ray Dalio explained.”This is not an […]...
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4 Hedge Fund ETFs to Counter Geopolitics & Fed Fears

Apr 17 7:50am Hedge Fund News From HedgeCo.Net
(ZACKS) The broader market has been a little off-mood lately. The S&P 500, the Dow Jones Industrial Average and the Nasdaq have lost their post-election (Donald Trump’s win) enthusiasm. Along with overvaluation concerns, doubts over the materialization of the Trump […]...
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SEC Freezes Brokerage Accounts Behind Alleged Insider Trading

Apr 17 7:42am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) The Securities and Exchange Commission today announced an emergency court order to freeze assets in two brokerage accounts used last week to reap more than $1 million in alleged insider trading profits in connection with a merger announcement by […]...
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Jacks Back. With More Money, Too

Apr 17 7:26am Hedge Fund News From HedgeCo.Net
(Bloomberg) Finally, Jack Ma has offered a price for MoneyGram International Inc. that he should have three months ago.Late Sunday in the U.S., Ant Financial Group, an affiliate of Alibaba Group Holding Ltd., announced it would increase its bid by […]...
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Bullish Oil Bets Gain on Signs OPEC Cuts to Outdo U.S. Boom

Apr 17 7:23am Hedge Fund News From HedgeCo.Net
(Bloomberg) OPEC is finally making some headway in its race against the tide of surging U.S. supplies, and speculators are giving the group greater credence. Hedge funds boosted bets on higher West Texas Intermediate crude prices a second week as […]...
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BlackRock Modestly Trims Finks Pay in 2016 To $25.5M

Apr 17 7:17am Hedge Fund News From HedgeCo.Net
(FINalternatives) Global asset management giant BlackRock trimmed total compensation for chairman and CEO Larry Fink by 1\% last year, according to a filing on Thursday, as net income fell by 5\% despite an 11\% gain in assets under management. To […]...
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Mega-Trends and Possible Future Normals

Apr 16 7:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
A new CFA Institute report, working from a survey of 1,145 leaders in the contemporary global investment industry, discusses the mega-trends at work, including: technological advance, shifting client preferences, new macroeconomic conditions, changing regulatory regimes amidst geopolitical novelties, and new demographics. The report, entitled “Future State of the Investment Profession:Read More...
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What Success Is Made Of: Investors, Execs And Entrepreneurs Talk About Their Routines And Role Models - Part 2

Apr 16 4:33pm Hedge Funds
What is success made of? While Benzinga strives to always ask the most pertinent and provoking questions during staff-conducted interviews, the team also attempts to gather intel on how investors think, what makes them tick and why they've had success. A big part of the job as a reporter is conducting these interviews, talking to successful people about their businesses, strategies, plans and opinions, but during those moments, it's also possible to shed light on the humanity of success. Whether what is gleaned provides everyday investors with daily strategies or levels the playing field between big shot and reader, Benzinga is dedicated to sharing these inside scoops. Below is a look at four questions Benzinga has repeatedly asked company executives, investors, entrepreneurs and other accomplished people in the financial world. Check out the first part of this article, where we went into things these people do every moning to help them be successful. In this two-part article, we feature: Thomas Gütermann, Family Office Manager. Gina Ford, RPh, vice president of commercial strategy at AcelRx Pharmaceuticals Inc (NASDAQ: ACRX). Timothy E. Morris, chief financial officer at AcelRx. JJ Kinahan, chief strategist at TD Ameritrade Holding Corp. (NASDAQ: AMTD). Douglas M. Fambrough, Ph.D., CEO at Dicerna Pharmaceuticals Inc (NASDAQ: DRNA). Tom McKenzie, managing partner at impact investment firm Cavendish Global. Alexis Caporale, award-winning young entrepreneur, founder of a company often called the Etsy Inc (NASDAQ: ETSY) of Latin America and other successful ventures. Don Steinbrugge, one of the top experts in the hedge fund industry. Alan Brochstein, founding partner at New Cannabis Ventures and founder at 420 Investor. Brendan Hill, drummer of Blues Traveler and co-owner of Bainbridge Island dispensary Paper & Leaf. Stephen Rizzone, CEO and president at Energous Corp (NASDAQ: WATT). Who Is A Non-Investor You Admire For Business Strategies? Caporale: A non-investor who has great business strategies is Chris Voss; he’s a former FBI hostage negotiator. He’s applied a lot of what he’s learned in the Bureau to business… It’s very, very, very interesting. Kinahan: One of the people in history I admire the most if Thomas Jefferson. Maybe business strategies are short-term, but many of the things he did live on 200 y...
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'Betting On Zero,' Bill Ackman's Anti-Herbalife Film, Rated 100% On Rotten Tomatoes

Apr 14 5:15pm Hedge Funds
U.S. regulators regard Herbalife Ltd. (NYSE: HLF) as a “multi-level marketing scheme,” but Bill Ackman is beyond euphemisms. To Ackman’s Pershing Square Holdings Ltd, the global nutrition company is a “pyramid scheme.” And he’s so incensed by Herbalife’s tactics and certain that the business will sink that he’s bet $1 billion against it and precipitated a loss by working to expose the firm’s alleged wrongdoings. The hedge fund titan’s movement gained momentum mid-March when a new documentary highlighting his crusade hit U.S. theaters. “Betting On Zero” has been met with widespread approval. After a month in theaters, it now boasts a 72-rating on Metacritic, as well as a 100-percent critic and 74-percent audience score on Rotten Tomatoes. Critical Reviews Here are some highlights from the overwhelmingly positive reviews: “Betting on Zero makes such a strong and effective case that the company does, in fact, engage in shady business practices that it’s likely to leave viewers in a state of Documentary High ...Full story available on Benzinga.com...
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SS&C GlobeOp Hedge Fund Performance Index Up +0.30% in March; Asset Flows Strong

Apr 14 9:30am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds gained again in March, according to new data from fund administrator SS&C GlobeOp, while the company’s asset flow indicator booked the most favorable April reading in the last ten years. To read this article:...
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GoldenTree Asset Management Closes On $711M CLO

Apr 14 9:17am Hedge Fund News From HedgeCo.Net
(FINalternatives) GoldenTree Asset Management has announced the closing of a $711 million collateralized loan obligation to be managed by its affiliate GoldenTree Loan Management. To read this article:...
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American Century Investments Launches New Long/Short Liquid Alternative Fund

Apr 14 9:15am Hedge Fund News From HedgeCo.Net
(FINalternatives) Kansas City-based mutual fund giant American Century Investments has expanded its suite of liquid alternative investment strategies with the launch of a new long/short equity fund. To read this article:...
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Second Quarter Hedge-Fund Strategy Outlook

Apr 14 9:04am Hedge Fund News From HedgeCo.Net
(Harvest) K2 Advisors seeks to add value through active portfolio management, tactical allocation and diversification across four main hedge strategies: long-short equity, relative value, global macro and event driven. In their second-quarter (Q2) 2017 outlook, K2 Advisors’ Research and Portfolio […]...
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Why You Shouldnt Judge a Hedge Fund by Its Name

Apr 14 9:00am Hedge Fund News From HedgeCo.Net
(Bloomberg) What’s in a name? For hedge fund investors, sometimes a warning sign.Hedge funds often choose names with words that reflect authority, stability and power — i.e. words with gravitas. Now a report from researchers at the University at Buffalo […]...
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The Lost Decade For Long/Short Hedge Funds

Apr 14 8:59am Hedge Fund News From HedgeCo.Net
(Opalesque) For years, investors have suspected they aren’t getting the alpha they are paying for from long/short hedge funds. The underperformance might be even worse than they feared. Not only are they not capturing alpha, but investors aren’t even getting […]...
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Morgan Stanley Compliance Chief Fenrich Leaving for Hedge Fund

Apr 14 8:53am Hedge Fund News From HedgeCo.Net
(Reuters) Morgan Stanley’s chief compliance officer Billy Fenrich is leaving the firm just over a year after being named to the position. Fenrich will be replaced by Raul Yanes, according to an internal Morgan Stanley memo reviewed by Reuters, which […]...
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Ukraine to Launch Big Blockhain Deal With Tech Firm Bitfury

Apr 14 8:50am Hedge Fund News From HedgeCo.Net
(Reuters) Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of […]...
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Is Automation Inevitable in the Hedge Fund Industry?

Apr 13 9:16pm Hedge Fund Marketing Alliance
The long arc of automation stretches back to the inception of the industrial revolution. Room-sized computers once performed calculations that can now be accomplished by cell phones, which include a calculator as an afterthought. In fact, our cell phones have many times the computing power of the machines that first guided humans to the moon, […]...
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Reuters granted permission to appeal Brevan Howard injunction

Apr 13 6:34pm HFM Week
UK high court grants permission for news agency to appeal confidentiality ruling...
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Ex-Fidelity Investments PM to launch l/s equity fund

Apr 13 6:29pm HFM Week
Gopal Reddy to launch long/short fund two years after leaving mutual fund giant...
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Ex-Highbridge PM launches l/s equity fund

Apr 13 2:25pm HFM Week
Alec McAree will run at least $50m from his Utah base...
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Andurand reports 2016 profits dip

Apr 13 12:18pm HFM Week
Oil hedge fund saw fall in performance fee income, despite solid returns...
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Hedge Fund Manager Admits to Bilking Investors Out of Millions

Apr 13 8:48am Hedge Fund News From HedgeCo.Net
(Nj.com) A manager of a hedge fund that billed itself as a fund for the “little guys” admitted Tuesday in federal court in Camden that he bilked 76 victims of more than $4 million and avoided paying more than $273,000 […]...
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Wilshire Liquid Alternative Index Gains +0.06% in March

Apr 13 8:45am Hedge Fund News From HedgeCo.Net
(FINalternatives) Liquid alternatives rose in March along with their traditional hedge fund brethren, according to new research from Wilshire Associates, as the company’s Wilshire Liquid Alternative Index slightly outperformed its comparable hedge fund industry benchmark during the period. To read […]...
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Traders Paying Back All Profits in Insider Trading Case

Apr 13 8:41am Hedge Fund News From HedgeCo.Net
(HedgeCo.Net) Three Peruvian traders have agreed to settle a pending case alleging that they traded on nonpublic information prior to the merger of two companies. Nino Coppero del Valle, the alleged tipper who worked at one of the companies, agreed […]...
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Chris Rokoss Macro Fund Said to Decline 4.7% in First Quarter

Apr 13 8:34am Hedge Fund News From HedgeCo.Net
(Bloomberg) Rokos Capital Management, one of last year’s best-performing macro hedge funds, lost 4.7 percent in the first quarter as macro funds struggled. The London-based fund run by billionaire Chris Rokos fell 2.4 percent in March, said a person with […]...
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Pierre Andurands Commodities Fund Lost 11.6 Pct in Q1

Apr 13 8:31am Hedge Fund News From HedgeCo.Net
(Reuters) The Andurand Commodities Fund, run by asset manager Pierre Andurand, lost 11.6 percent in the first quarter of the year, according to a document prepared by a bank seen by Reuters.The $1.53 billion hedge fund continued its descent after […]...
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Einhorns Greenlight Claims GM Misled Credit Raters on Stock

Apr 13 8:29am Hedge Fund News From HedgeCo.Net
(Bloomberg) Billionaire David Einhorn’s Greenlight Capital doubled down on its pitch for new General Motors Co. dividend shares, saying the carmaker misrepresented the hedge fund’s proposal for a stock split to sway ratings agencies to opine against it. GM presented […]...
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Commodity Investing Not for The Buy and Hold Crowd

Apr 13 8:24am Hedge Fund News From HedgeCo.Net
(Harvest) An article in the Wall Street Journal , “Why Commodity-Index Investing May be Futile” has gotten a lot of interest by investors although there was not any new information in the story. The reasons for avoiding commodity indices should […]...
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Quant firm Piquant shuts flagship fund after CIO departs

Apr 13 8:01am HFM Week
Former Winton senior researcher James Holloway co-founded firm in 2013...
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Aima warns on euro clearing costs for hedge funds

Apr 13 7:59am HFM Week
Disruption of London’s clearing dominance will make risk mitigation less effective...
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Hedge fund flows advance 0.9% in April SS&C indicator

Apr 13 7:36am HFM Week
Administrator’s performance index was up 0.3\% in March...
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Lyxor backs l/s equity and special sits in Q2

Apr 13 6:51am HFM Week
Quarterly update puts them overweight while downgrading macro and CTA...
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News round-up: Elliott lets AkzoNobel strategy slip in misguided email

Apr 13 5:20am HFM Week
Paulson to step down from AIG board; Archstone Partners prepares to close...
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Metals and Mining: A Tale of Two Doughnuts

Apr 12 8:00pm AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis
Preqin has turned its Spotlight on Real Assets in a new publication, drawing our attention in particular to metals and mining. Among the institutional investors that say they are targeting unlisted metals and mining focused funds over the coming twelve months, Preqin names three as “samples”:  the Compagnia di SanRead More...
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Maintaining confidentiality in fund documents: a realistic expectation?

Apr 12 9:41am HFM Week
Brevan Howard court ruling not a panacea; warns Dechert...
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CME to close European exchange, clearing house

Apr 12 8:52am HFM Week
London-based entities to close by year end after failing to gain enough traction...
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Dyal Capital Partners Takes Minority Stake in TSSP

Apr 12 8:48am Hedge Fund News From HedgeCo.Net
(FINalternatives) Neuberger Berman affiliate Dyal Capital Partners has expanded its roster of minority investments in alternative investment managers, agreeing Tuesday to take a passive, non-voting minority interest in global credit and alternative lending specialist TSSP Holdings. To read this article:...
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ValueAct to Return $1.25 Billion on Concerns About Frothy Market

Apr 12 8:38am Hedge Fund News From HedgeCo.Net
(Bloomberg) ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision […]...
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BHP Rejects Elliotts Overhaul Proposals as Flawed, Costly

Apr 12 8:35am Hedge Fund News From HedgeCo.Net
(Reuters) Anglo-Australian miner BHP Billiton (BHP.AX) (BLT.L) said on Wednesday a minor shareholder’s proposal to overhaul its corporate structure and spin off its U.S. oil division was flawed and would involve costs far beyond any benefits. BHP made the comments […]...
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Cenovus CEO Seeks Backing as Bold Bet and Market Jitters Test His Legacy

Apr 12 8:33am Hedge Fund News From HedgeCo.Net
(Reuters) Cenovus Energy Inc will do more hedging after its acquisition of ConocoPhillips assets, the Canadian company’s Chief Executive Brian Ferguson said on Tuesday as he mounted a charm offensive on investors who balked at the deal. Ferguson is known […]...
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London Macro Hedge Fund Gemsstock Seeking to Raise $400 Million

Apr 12 8:31am Hedge Fund News From HedgeCo.Net
(Reuters) London-based Gemsstock is seeking to capitalise on strong demand for hedge funds focussed on macroeconomic trends as it aims to raise $400 million (321.62 million pounds)in fresh capital, documents seen by Reuters showed. “Macro” was the most in-demand hedge […]...
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Salient Launches Global Macro Fund

Apr 12 8:29am Hedge Fund News From HedgeCo.Net
(HFMWeek) Houston, Texas-based investment manager Salient Partners has launched a global macro fund. The $14bn firm launched the Salient Convexity Fund last week with onshore Deleware and offshore Cayman Island structures and around $30m of starting capital, according to regulatory […]...
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Eurekahedge: Hedge Fund Index Gains 2.29% In Q1/2017

Apr 12 8:27am Hedge Fund News From HedgeCo.Net
(FINalternatives) Hedge funds largely weathered a number of headwinds in March, including a Fed interest rate hike, Trump’s stumble with U.S. healthcare and the official start of the Brexit process, according to early data from Eurekahedge. The Eurekahedge Hedge Fund […]...
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Heres an Obscure Thing Hedge Funds Are Buying Because of The North Korea Nuclear Risk

Apr 12 8:25am Hedge Fund News From HedgeCo.Net
(CNBC) Hedge funds are snapping up insurance against a South Korean default as the nuclear threat from North Korea appears to grow. As measured by South Korea’s five-year-default swap, the cost of protection against the country’s inability to pay back […]...
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Worlds Hottest Funds Make No Money for Most Managers in Europe

Apr 12 8:23am Hedge Fund News From HedgeCo.Net
(Bloomberg) Being in the hottest part of the investment universe doesn’t necessarily pay.Exchange-traded funds, or ETFs, based in Europe have doubled assets in the past five years to 550 billion euros ($584 billion), though the market remains so fragmented that […]...
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