The latest updates on fund performance, 13D and 13f filings, benchmarks, launches, and closures. This channel also features regular interviews and conversations with managers on their funds and the state of the alternative investment industry.
Sloane Robinson, a London-based Hedge Fund co-founded by George Robinson, is set to close by the end of this year. This decision was based primarily on a decline in the firm’s assets under management. The firm was also lacking in performance which was mainly due to volatile markets resulting from Covid-19. Sloane Robinson’s Global Frontier…
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AstraZeneca, the British pharma giant, will launch a $1 billion fund with China International Capital Corporation (CICC).
HCM Capital is reportedly exploring a new fund to invest in early tech startups. HCM Capital receives funding and support from Foxconn Technology Group. A report in Reuters notes that the group is looking to invest in Silicon Valley and other tech hubs around the globe.
Ardevora Asset Management will shutter its desk and outsource its trading and execution to Northern Trust. The TRADE first reported the development on Friday.
Brown Advisory has announced the launch of the Global Leaders Sustainable Fund under its Irish domiciled UCITS umbrella. The $76 billion company said that the new UCITS Fund adds environmental, social and governance (ESG) screens to its top quartile performing Global Leaders Strategy. According to a press release, the addition of the ESG screens came in response to client demand.
Brookfield Asset Management held its Investor Day recently. Management made a few things very clear.
First, if interest rates remain low, investors will have no alternative except alternative investments.
Crestline Investors has announced the final closing of its first European Opportunity Fund. The credit-focused institutional alternative asset manager has called the fund the Crestline Opportunity Fund III Europe.
Ken Fisher – the embattled money manager – has seen outflows of roughly $3 billion. The swell of outflows comes weeks after he made a series of remarks during an investor conference that irked investors due to their sexual nature.
More than half of investors are first-time investors in a J.P. Morgan Alternatives fund. JP Morgan Asset Management closed its Lynstone Special Situations fund. The fund raised $1.06 billion for the Luxembourg-domiciled strategy that focuses on stressed, distressed and event-driven situations in North America and Europe. The press release below offers a full recap of…
Private Equity Giant Sees Big Jump in Fee-Related Earnings Private equity company Blackstone Group reported earnings for the third quarter of 2019. GAAP net income was $1.2 billion for the quarter and $2.9 billion year-to-date. Revenues were down with $1,735,113 versus $1,926,580 in the comparable quarter last year. Distributable earnings per share came in at…
An analysis published by Josh Ortner in Seeking Alpha draws attention to Gabelli ABC AAA GABCX, a merger arbitrage fund managed by Mario J Gabelli.
Since 1994, the fund has generated steady market-neutral returns of 5.21% CAGR.
It is a suitable market strategy in the current situation when equities are hitting new highs, and bond market yields touch new lows.
A Saudi Arabian venture capital firm is looking to raise money for a second $500 million fund. STV, which backed Careem Networks, is exploring options for its second fund.
Madison Dearborn Partners, a Chicago-based private equity giant, is launching its eighth fund. The company wants to raise $4.5 billion. The figure would top the $4.4 billion it raised for its a fund just three years ago.
LGPS Central has announced the launch of a multi-factor equity fund. The manager of pooled assets from nine British public sector pension funds say that climate change sits at the center of the investment strategy.
The fund outperformed the median results of peers The Stanford University Endowment Fund released its investment results last week. For the 12 months ending June 30, 2019, Stanford Management Company generated a 6.5% investment return, net of all internal and external costs and fees, but gross of the newly levied tax on certain endowments. Stanford…
Martin Taylor shut down Nevsky Capital three years ago. But he’s proven that top-performing managers – rare as they are – can stay away for too long. Taylor has returned to the markets with Crake Asset Management. The firm started trading last week after it raised $1.6 billion.
The EP Energy bankruptcy might have a pair of saviors. Apollo Global Management and Elliott Management have put together a rescue plan for the bankrupt firm. A deal would allow Apollo to keep control of the oil and gas developer.
Solel Partners began trading this week with $600 million AUM. According to Bloomberg, former Highfields Capital Management partners Craig Peskin and Peter Fleiss are leading the fund.
The Sports Gambling Investment Fund has announced the formation of its first fund. The group aims to discover, fund, and mentor startups entering the casino and gaming business.
A new Vanguard fund has launched to add to the firm’s list of mutual funds and ETFs launched under CEO Tim Buckley. The company has unveiled the Vanguard International Core Stock Fund (VWICX). It is the fourth actively-managed product to arrive at the company this year. The three other funds launched this year are Vanguard Global ESG Select Stock Fund, Vanguard Commodity Strategy Fund, and Vanguard Global Credit Bond Fund. At this pace, they might run out of managers.
Bank splits M&A leadership role between two rising stars Goldman Sachs has hired two new leaders to operate the company’s M&A group in Asia ex-Japan. The firm has appointed co-heads Raghav Maliah and Jung Min to replace partner John Kim. Maliah joined Goldman in 2000. He recently served as global vice-chairman of investment banking and…
The Franklin Templeton Alternatives Funds (FTAF) offers five new liquid hedge fund strategies through K2’s managed account platform.
Wasatch Global Investors has launched two new mutual funds. They are the Wasatch International Select Fund and the Wasatch Global Select Fund.
RBC Global Asset Management has launched the RBC BlueBay Global Bond Fund. The company calls it “a globally diversified fixed-income fund designed as a core portfolio holding for U.S. investors.”
AC Milan, the Italian football giant, is back on the sales block. According to multiple reports, hedge fund Elliott Management may sell the club to French billionaire Bernard Arnault by the end of the year.