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Despite Turbulence, Hedge Funds Achieve Q2 Gains

July 10, 2020

Hedge Funds Up Amid Volatile Markets.   Hedge funds were up nearly two percent in the month of June.  This means that the industry faced its third monthly gain in a row.  Although the industry aggregate  — as measured by the HFRI Fund Weighted Composite Index — is still down, hedge funds are doing well considering…

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Activist Investors Push Out eBay CEO Devin Wenig

September 25, 2019

CEO cites disagreements with his board as activist pressures intensify Activist investors have pushed out CEO Devin Wenig. In a Tweet marked Wednesday, Wenig cited disagreements with fellow board members over the company’s future. “In the past few weeks it became clear that I was not on the same page as my new Board,” he…

Revisiting the End of an Era at Blackstone Group

September 4, 2019

The departure of Bennett Goodman will reverberate across the company for years. The Bennett Goodman era comes to a close as the co-founder of GSO Capital Partners is stepping down. Along with J. Albert Smith III and Douglas Ostrover, Goodman founded GSO in 2005 and sold the operations to Blackstone in 2010. During that time,…

BlackRock Hires

People on the Move – Rivendell Partners, Revolut,iCapital Network, and Gide Loyrette Nouel

September 2, 2019

Rivendell Partners, Revolut, Alpha FMC, iCapital Network, and Gide Loyrette Nouel People on the Move – September 3, 2019 Revolut has faced pressure in recent months due to its customer service and compliance limitations. The banking startup continues to expand at a breakneck pace (more than 6 million users since its 2015 launch). Now, after…

CFA Results for 2019 Show Drop in Performance

August 21, 2019

Roughly 20% of test-takers didn’t even show up in June CFA results are out from June’s annual testing, and the numbers are… The CFA Institute said that the percentage of test-takers who passed fell. It appears that the goal of expanding test access to new markets may have been responsible. The CFA I test is…

M&A Deal News – August 15, 2019

August 15, 2019

A merger in media, antitrust busts, a REIT sells two hotels… and more M&A deal news M&A deal news from around the globe. Each day, we focus on deals in the private equity, real estate, AI and tech, and others impacting the alternative investment space. Here’s our recap for Thursday morning. First, Summer Redstone’s entertainment…

Cat Digital Assets

SEC Chief Who Investigated ICO Fraud Departs after 15 Years

August 13, 2019

The SEC loses a key leader with cryptocurrency prices and ICO fraud back in the headlines A leading investigator of ICO fraud will depart as head of the SEC’s cyber enforcement division in August. Robert A. Cohen departs his role at the Division of Enforcement’s Cyber Unit after 15 years of service. Cohen was the…

FINTRAC money laundering warning

Hoplite Capital to Shut Its Doors After 16 Years

August 8, 2019

The announcement came in a letter to shareholders after lackluster returns. John Lykouretzos will shutter Hoplite Capital and return capital to investors. The hedge fund manager addressed his decision in a letter to shareholders this week. “I have decided to close the Hoplite managed funds and return third-party capital as soon as possible,” he wrote….

Maarten Petermann to launch $500 million special situations fund

July 26, 2019

Petermann’s last-held position at JPM, that of European head of special situations, should be valuable experience when he runs his proposed Merlyn Advisors fund.
Merlyn is targeting $500 million in assets when it commences trading, with deployment across special situations such as M&A, spinoffs, and bankruptcies.

Why This Hedge Fund is Betting on Climate Change

June 18, 2019

Robert Gibbins’ Autonomy Capital thinks investors are ignoring the implications of climate change at their own peril