Trusted Insighthttp://thetrustedinsight.com/2023-04-18T12:48:50.572462-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
BlackRock Sees Big Investors Boosting Private Equity, PE Stakes
2023-04-18T12:48:50.572462-04:00https://www.thetrustedinsight.com/investment-news/blackrock-sees-big-investors-boosting-private-equity-pe-stakes-20230418525/
BlackRock Inc. said it expects institutional investors to increase allocations to private equity and private credit funds this year even amid recession fears and rising interest rates.
Private Equity Piles Into ESG-Tied Lending
2021-03-24T09:02:05.100881-04:00https://www.thetrustedinsight.com/investment-news/private-equity-piles-into-esg-tied-lending-20210324905/
The industry has shifted up a gear to see heavyweight names bust open the door to ESG-linked credit lines in the last year – a trend market insiders say is set to accelerate in 2021.
Carlyle Signs $4.1B ‘Largest’ Private Equity ESG Facility
2021-02-18T10:04:38.554546-05:00https://www.thetrustedinsight.com/investment-news/carlyle-signs-41b-largest-private-equity-esg-facility-20210218582/
Carlyle Group has signed what it is calling the largest ESG-linked private equity credit facility in the U.S., as socially conscious financing continues to make inroads into the sector globally.
Doordash and Pizza Arbitrage
2020-05-19T11:34:02.672212-04:00https://www.thetrustedinsight.com/investment-news/doordash-and-pizza-arbitrage-20200519823/
Editor’s Note: As this post has gotten a bit of attention, we wanted to add in the name of my friend’s restaurants. They’re fighting the good fight right now, so if you happen to be in the Kansas area, please support AJ’s NY Pizzeria (it’s NY-style pizza based in Kansas, and while I’m biased, it’s good).
Investors Flee Debt Funds As Credit Quality Slumps To Lowest
2019-07-15T23:01:05.268322-04:00https://www.thetrustedinsight.com/investment-news/investors-flee-debt-funds-as-credit-quality-slumps-to-lowest-in-16-months-business-standard-news-20190715976/
Investors are fleeing from India’s debt funds at the fastest pace in a year as wariness mounts amid widening cracks in the nation’s credit market.
Why Startups Should Use Charge Cards For Their Business Credit Cards
2019-06-22T00:53:35.652157-04:00https://www.thetrustedinsight.com/investment-news/why-startups-should-use-charge-cards-for-their-business-credit-cards-20190622941/
Smaller companies notoriously have a difficult amount of time getting access to credit cards. They don’t have a long operating history. Even if they’ve raised millions of dollars, there are a lot of hurdles to jump to get access to a business credit card. Startups, just like any company, need a corporate card for their expenses — and they need one yesterday.
It's Risky To Be A Creditor In This Private Equity World
2019-05-15T01:04:57.227841-04:00https://www.thetrustedinsight.com/investment-news/its-risky-to-be-a-creditor-in-this-private-equity-world-20190515637/
Credit investors who’ve plowed billions of dollars into private equity-sponsored LBO debt will be hit hard when the credit cycle turns and defaults rise, Moody’s Investors Service warns in a new report.
Pension Protection Fund Hires Purna Bhudia As Head Of Credit
2018-01-05T01:01:01.812334-05:00https://www.thetrustedinsight.com/investment-news/ppf-hires-purna-bhudia-as-head-of-credit-20180105965/
The £29.6bn Pension Protection Fund (PPF) has appointed Purna Bhudia as head of credit.
The appointment comes after the PPF took the decision to insource part of its investment management activities last year.
Bhudia has joined the team to support the PPF's ambitions to develop its sterling-based investment grade credit capabilities and is responsible for delivering both public and private market strategies; as well as designing and delivering the fund's credit target operating model.
Much More Credit Volatility In 2018, Says Wells Fargo CIO
2017-12-20T16:51:47.264286-05:00https://www.thetrustedinsight.com/investment-news/much-more-credit-volatility-in-2018-says-wells-fargo-cio-20171220158/
Darrell Cronk, president & chief investment officer at Wells Fargo Investment Institute, shares his thoughts on the 2018 markets. He also discusses why the hedge fund community will experience a better year in 2018.
How Data Science, Credit Mix | Private Credit Panel Part 3
2017-12-20T16:18:05.934324-05:00https://www.thetrustedinsight.com/investment-news/how-data-science-credit-mix-private-credit-panel-part-3-20171220153/
In this video, CIO Eric Kirsch discusses Aflac's $100 billion-plus global portfolio and its orientation toward Japan. The panelists also dive into the correlation between data science and credit and why big data could one day assist with sound credit analysis. Panelists include: David Barcus, director of investments, Denison University; Eric Kirsch, global chief investment officer, Aflac; Rodney Overcash, investment director, Margaret A. Cargill Philanthropies. Neal Graziano moderated.
Is Peer-To-Peer Lending A Fad? | Private Credit Panel Part 2
2017-12-05T13:16:38.925789-05:00https://www.thetrustedinsight.com/investment-news/is-peer-to-peer-lending-a-fad-private-credit-panel-part-2-20171205707/
Hear asset allocators discuss why they don't have exposure to P2P lending investments; why P2P lending could one day be a competitor to traditional asset-backed securities; and the importance of sound credit underwriting. Panelists include: David Barcus, director of investments, Denison University; Eric Kirsch, global chief investment officer, Aflac; Rodney Overcash, investment director, Margaret A. Cargill Philanthropies. Neal Graziano moderated.
Stocks Are At Highest Valuations Since 1900, Goldman Warns
2017-11-29T15:58:16.960396-05:00https://www.thetrustedinsight.com/investment-news/stocks-are-at-highest-valuations-since-1900-goldman-warns-20171129256/
A prolonged bull market across stocks, bonds and credit has left a measure of average valuation at the highest since 1900, a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group Inc.
Is Private Credit Living On Borrowed Time? | Private Credit Panel Part 1
2017-11-27T13:32:42.028634-05:00https://www.thetrustedinsight.com/investment-news/is-private-credit-living-on-borrowed-time-private-credit-panel-part-1-20171127048/
In this video, institutional investors discuss the state of the private debt space; the differences in their investment approach; and why certain companies view insurers as a natural source of capital. Panelists include: David Barcus, director of investments, Denison University; Eric Kirsch, global chief investment officer, Aflac; Rodney Overcash, investment director, Margaret A. Cargill Philanthropies. Neal Graziano moderated.
Correction May Loom For India Bank Stocks, Hedge Fund Warns
2017-08-08T14:46:04.543414-04:00https://www.thetrustedinsight.com/investment-news/correction-may-loom-for-india-bank-stocks-hedge-fund-warns-20170808390/
Shares of India’s banks may be set for a pullback, according to Vikas Gattani, chief investment officer at Singapore-based fund manager Progress Asia Capital and Advisors Pte. “In the absence of any sharp uptick in banking credit and a major redressal in the banks’ balance sheets via capital injection or otherwise, we fear that this sector could severely correct if the earnings do not keep pace with expectations,” Gattani wrote in a letter to investors seen by Bloomberg. The S&P BSE India Bank Index, a gauge of the nation’s largest lenders, reached a record high on Aug. 1. Indian stock...
CS's Connors Sees Hedge Funds Leaning In To Europe
2017-08-08T14:16:04.117326-04:00https://www.thetrustedinsight.com/investment-news/css-connors-sees-hedge-funds-leaning-in-to-europe-20170808382/
Aug.08 -- Mark Connors, global head of risk advisory at Credit Suisse, examines hedge fund interest in Europe and emerging markets. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."
Goldman Sachs Buys Into Aramco $10B Loan As It Seeks IPO Role
2017-08-03T15:56:07.929892-04:00https://www.thetrustedinsight.com/investment-news/goldman-sachs-buys-into-aramco-10b-loan-as-it-seeks-ipo-role-20170803341/
<p data-reactid="38">Goldman Sachs has bought a slice of Saudi Aramco's IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters.</p>
<p data-reactid="39">It is common practice in capital markets to first establish banking relationships through loan transactions which are then followed by other deals.</p>
Credit Suisse Is Said To Spin Out A $1B Quant Hedge Fund
2017-08-02T10:49:24.398250-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-is-said-to-spin-out-a-1b-quant-hedge-fund-20170802317/
<p>Credit Suisse Quantitative and Systematic Asset Management will be a separate group as part of a management buyout, said the person who declined to be named discussing firm matters. QSAM’s team will be located in London, Paris, Hong Kong and Mumbai. The business manages the quant equities-focused Qube Fund, which was started last year.</p>
Credit Suisse Said To Prep Spinoff Of $1B Quant Hedge Fund Business
2017-08-02T10:43:21.585540-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-said-to-prep-spinoff-of-1b-quant-hedge-fund-business-20170802314/
Credit Suisse Asset Management is reportedly planning to spin out its $1 billion Quantitative and Systematic Asset Management division, home to the company’s internal Qube and QT equity-focused quant funds, later this year. The nearly 100-person unit will become a standalone entity through a management buyout, according to a Bloomberg article citing an individual person familiar with the matter.
Coal-Mining Company Contura Energy Sets Terms For $162M IPO
2017-07-31T17:46:03.874882-04:00https://www.thetrustedinsight.com/investment-news/coal-mining-company-contura-energy-sets-terms-for-162m-ipo-20170731261/
Contura Energy, Inc. set terms Monday for its initial public offering of up to $162 million. The coal mining company set a price range of $23 to $27 per share with 6,000,000 shares sold by selling stock holders. The stockholders have also granted the underwriters a 30-day option to buy an additional 900,000 shares of stock. Shares are expected to trade on the New York Stock Exchange under the symbol "CTRA." Citigroup, Jefferies, Credit Suisse and UBS Investment Bank were the underwriters on the offering. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they...
Investment Firm Angelo, Gordon Hires Credit Executives From Millennium
2017-07-26T10:46:04.053016-04:00https://www.thetrustedinsight.com/investment-news/investment-firm-angelo-gordon-hires-credit-executives-from-millennium-20170726208/
BOSTON, July 25 (Reuters) - Investment firm Angelo, Gordon has hired two credit specialists from hedge fund Millennium Management to manage a new strategy, according to a memo sent to employees on Tuesday.
This Hedge Fund Is Betting $280 Million on a 34-Year-Old Guy
2017-07-24T16:04:26.972474-04:00https://www.thetrustedinsight.com/investment-news/this-hedge-fund-is-betting-280-million-on-a-34-year-old-guy-20170724147/
Dan Och still runs the show at Och-Ziff Capital Management Group. He’s the chief executive officer, the chairman of the board and very much the face of the hedge-fund powerhouse he founded more than two decades ago. But in the wake of a bribery scandal that spooked clients and blew away a third of its assets, the fund’s fate is in many ways now in the hands of a little-known 34-year-old named Jimmy Levin. Back in February, Och shocked many on Wall Street by elevating Levin, the star of the firm’s credit business, to co-chief investment officer and handing him...
Summer's Most Common Hedge Fund Theme Is The Global Recovery
2017-07-20T16:31:04.350853-04:00https://www.thetrustedinsight.com/investment-news/summers-most-common-hedge-fund-theme-is-the-global-recovery-20170720127/
Investors positioned for the global recovery are in good company: it’s the most common bullish investment theme for hedge funds this summer, according to Lyxor Asset Management. As interest in hedge funds rises again -- they saw the biggest jump in demand among asset classes examined in a Credit Suisse Group AG report last week -- Lyxor strategists including Jean-Baptiste Berthon set out current investment trends in a recent note.
Go To Europe, Real Estate Investors Told
2017-07-20T10:53:25.348332-04:00https://www.thetrustedinsight.com/investment-news/go-to-europe-real-estate-investors-told-20170720094/
Europe has seen an eventful decade in terms of economic performance, shifts in the political landscape, and turns in the real estate markets. With the economy improving and demand picking up, Credit Suisse Asset Management sees the potential for more value-added strategies to generate higher risk-adjusted returns.<br />
Hedge Fund Interest Driven By Quant Strategies
2017-07-19T11:06:04.868217-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-interest-driven-by-quant-strategies-20170719069/
After struggling with investment outflows and returns below -- sometimes well below -- the S&P 500, Credit Suisse has some good news for hedge funds, its mid-year Hedge Fund Investor Sentiment Survey found a renewed confidence among fund investors.According to Credit Suisse, 81% of the 200-plus institutional investors surveyed say they are likely or very likely to allocate to hedge funds by the end of the year. This is an 8 percentage point increase from a year ago.Among those who redeemed from hedge funds in the first half of this year, 87% expect to reinvest that capital to other hedge...
Sears Inks $200M Credit Line From CEO Eddie Lampert's Hedge Fund
2017-07-19T10:46:47.091934-04:00https://www.thetrustedinsight.com/investment-news/sears-inks-200m-credit-line-from-ceo-eddie-lamperts-hedge-fund-20170719063/
Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, according to a Monday filing with the Securities and Exchange Commission. On July 13, Lampert's ESL Partners entered into a short-term line of credit loans, which carry a maturity date of 151 days and a fixed interest rate of 9.75 percent per year, Sears said. "This facility is intended to provide the Company with the flexibility to generate additional liquidity on an as-needed basis," Sears CFO Rob Riecker said in a statement. "This adjustment to our capital structure demonstrates that...
Credit Suisse Releases Survey Of Hedge Fund Investor Sentiment
2017-07-12T11:31:03.883895-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-releases-survey-of-hedge-fund-investor-sentiment-20170712971/
Realignment of interest continues apace within the hedge fund industry, according to Credit Suisseâs annual hedge fund investor sentiment survey, as hurdle rates and founderâs share structures become pervasive. Meanwhile, four out of five institutional investors plan on allocating to hedge funds during the second half as quantitative strategies continue to capture their attention.Â
Crispin Odey: It's Now More Likely The Market Will Crash
2017-07-11T14:12:45.306356-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-manager-crispin-odey-says-its-now-more-likely-the-market-will-crash-20170711953/
Crispin Odey, who made money for a second straight month by sticking to bearish equity bets, said the chance of a market crash is rising as growth slows and the Federal Reserve normalizes interest rates.
Investors Are Jumping Back Into Hedge Funds
2017-07-11T13:42:01.316108-04:00https://www.thetrustedinsight.com/investment-news/investors-are-jumping-back-into-hedge-funds-20170711943/
Hedge funds saw the biggest jump in demand among asset classes examined in a Credit Suisse Group AG report Tuesday. More allocators plan to boost their exposure to the funds than reduce it this year, it said. That’s a pivot from mid-2016, when more investors intended to make redemptions, according to the survey which polled 212 investors globally last month representing almost $660 billion invested in the industry. Continuing the bullish sentiment, 81 percent of investors surveyed said they plan to put at least some money to work in hedge funds over the next six months, compared with 73 percent...
A 33-year Old Hedge Fund Manager Is Hoping To Raise At Least $200M For A New Fund
2017-06-29T16:11:04.250585-04:00https://www.thetrustedinsight.com/investment-news/a-33-year-old-hedge-fund-manager-is-hoping-to-raise-at-least-200m-for-a-new-fund-20170629731/
Credit trader Anirudh Singh at the London office of Eric Mindich's $7 billion New York hedge fund, Eton Park, is looking to open his own firm.
BSD Tech Weekly - June 16, 2017 - Black Swan Dexteritas, Inc.
2017-06-27T14:51:01.810872-04:00https://www.thetrustedinsight.com/investment-news/bsd-tech-weekly-june-16-2017-black-swan-dexteritas-inc-20170627638/
The selloff started with a report on technology valuations from Goldman Sachs last Friday, and a report from Bloomberg News that upcoming iPhones will use modem chips with slower download speeds than...
Rokos Capital Management Taps Wilson For EM Role
2017-06-26T13:31:03.910901-04:00https://www.thetrustedinsight.com/investment-news/rokos-capital-management-taps-wilson-for-em-role-20170626613/
Chris Rokos' macro hedge fund manager Rokos Capital Management has hired former Credit Suisse executive Robin Wilson as the $6.8 billion fund builds out staff.
Warren Buffett Helps Bail Out Canada's Struggling Home Capital
2017-06-22T15:30:23.669230-04:00https://www.thetrustedinsight.com/investment-news/warren-buffett-helps-bail-out-canadas-struggling-home-capital-20170622538/
Home Capital Group Inc. says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company.
PSAM Adds TIG's McVeigh To Senior Investment Team
2017-06-21T12:11:04.354267-04:00https://www.thetrustedinsight.com/investment-news/psam-adds-tigs-mcveigh-to-senior-investment-team-20170621497/
Close on the heels of announcing a partnership with Tages Capital for management of one of Tages’ UCITS-compliant long/short credit funds, P. Schoenfeld Asset Management (PSAM) has named former TIG Advisors executive John McVeigh as a deputy portfolio manager of U.S. merger arbitrage. McVeigh brings more than 12 years of investment experience in merger-related situations to PSAM, the company said in a statement. He was most recently a managing director at $1.5 billion global event-driven hedge fund TIG Advisors focused on M&A, corporate restructurings and merger related special situations. Beforehand, he was associate director of risk arbitrage at Bear Stearns...
VC Under Trump Administration: Tusk Ventures' Partner | Video (34:56)
2017-06-21T11:43:38.043240-04:00https://www.thetrustedinsight.com/investment-news/venture-capital-under-the-trump-administration-jennifer-hanley-and-roberto-rigobon-20170621493/
Jennifer Hanley, managing director at Tusk Ventures, brings twenty years of strategic communications experience to Tusk’s clients across politics, finance, corporate communications and the regulatory environment. She discusses how venture capital can be be affected by the Trump Administration.
How UofL Foundation's High-Risk Investments Fizzled
2017-06-15T11:07:06.280903-04:00https://www.thetrustedinsight.com/investment-news/how-uofl-foundations-high-risk-investments-fizzled-20170615350/
In the end, the University of Louisville Foundation’s push to invest $10 million in “new ventures” was undone by high-risk startups, a lack of transparency and a complex web of organizations, some me...
Swiss State Pension Fund Stops Investing In Arms Firms
2017-06-15T11:06:24.727574-04:00https://www.thetrustedinsight.com/investment-news/swiss-state-pension-fund-stops-investing-in-arms-firms-20170615349/
The leading Swiss state pension fund, Publica, has announced that it plans to disinvest from five weapons companies. This follows a national campaign by a responsible investment pension group to blacklist 15 international arms firms.
THL Credit Advisors Raises $511M For Third Direct Lending Fund
2017-06-13T17:01:07.091348-04:00https://www.thetrustedinsight.com/investment-news/thl-credit-advisors-raises-511m-for-third-direct-lending-fund-20170613316/
The credit investment arm of private equity company Thomas H. Lee Partners has raised $511 million for its third direct lending fund reportedly aimed at mid-sized private companies in healthcare, financial services and software. The new fund from THL Credit Advisors LLC was oversubscribed and closed above its target, the company said in a statement. The firm's lower middle market direct origination platform offers vertical specialization and synergies with its tradable credit platform and private equity parent. "The successful close of this fund is an acknowledgement of our experience as a leading, specialized lender in the lower middle market and...
Private Equity Group KKR Has Bid $2.2B For Vocus
2017-06-07T11:43:44.972136-04:00https://www.thetrustedinsight.com/investment-news/private-equity-group-kkr-has-bid-22b-for-vocus-20170607163/
<p>Private equity group Kohlberg Kravis Roberts & Co (KKR) has launched a $2.2 billion takeover for telco Vocus.</p>
<p>Vocus has appointed Credit Suisse and Goldman Sachs as its financial advisors and Allens as legal adviser.</p>
UK Pension Fraud, Error Declines Slightly
2017-06-06T11:43:04.755073-04:00https://www.thetrustedinsight.com/investment-news/uk-pension-fraud-error-declines-slightly-20170606123/
The UK’s Department for Work & Pensions (DWP) has released its preliminary estimates for pension overpayments and underpayments for 2016/2017, reporting that overpayments increased slightly, while un...
Dirty Fighting In Some Of Hong Kong’s Wealthiest Families May Undo Value Of Kinship
2017-06-06T10:46:04.181258-04:00https://www.thetrustedinsight.com/investment-news/dirty-fighting-in-some-of-hong-kongs-wealthiest-families-may-undo-value-of-kinship-20170606116/
Family-owned businesses, when they are well-managed and cohesive, can outperform other types of corporate structure, according to a 2015 Credit Suisse report, which studied 920 family-controlled enterprises with at least $1 billion in market value.
Private Investment Best Way To Finance Region's Infrastructure Projects
2017-06-05T14:36:27.839419-04:00https://www.thetrustedinsight.com/investment-news/private-investment-best-way-to-finance-regions-infrastructure-projects-20170605090/
Many contractors are looking to export credit agencies from Europe, Asia and the US to assist with project funding.
Bain Capital Credit, Investec Light Up CHAMP's Gerard
2017-06-05T14:33:13.792612-04:00https://www.thetrustedinsight.com/investment-news/bain-capital-credit-investec-light-up-champs-gerard-20170605087/
Lenders to private equity-owned Gerard Lighting are close to sparking a deal, Street Talk can reveal. It is understood Bain Capital Credit and Investec are poised to sign a restructuring agreement as early as this week which will see the firms assume control of Australasia's largest lighting distribution and partnership network. As this column first reported, Bain Capital Credit increased its exposure to Gerard Lighting's debt stack in recent weeks, snapping up a $30 million loan from the leveraged finance arm of industrials giant Siemens.
Qatar Stake In Credit Suisse Rises Above 5%
2017-06-01T14:54:52.408104-04:00https://www.thetrustedinsight.com/investment-news/qatar-stake-in-credit-suisse-rises-above-5-20170601038/
Major Credit Suisse investor Qatar Investment Authority (QIA) has increased its stake in the Swiss bank to 5.01 per cent of shares, Credit Suisse said on Thursday.
Why Infrastructure Investing Is Proving Popular With Investors
2017-05-19T16:36:54.097774-04:00https://www.thetrustedinsight.com/investment-news/why-infrastructure-investing-is-proving-popular-with-investors-20170519713/
Infrastructure has become a key area of focus for institutional investors as they look to diversify their fixed income portfolios to access longer term, resilient credit opportunities for income-like returns. Within this asset class, infrastructure debt is on the rise as investment managers look to construct new debt vehicles: either to provide direct lending to infrastructure operators, to access well-established municipal bond markets, or to structure their own private lending programs by issuing tranches of unlisted bonds.
Connors Says 2 And 20 In Hedges Funds Is Changing
2017-05-19T12:16:04.129562-04:00https://www.thetrustedinsight.com/investment-news/connors-says-2-and-20-in-hedges-funds-is-changing-20170519690/
May.19 -- Mark Connors, head of risk advisory at Credit Suisse, discusses the state of the hedge funds industry. He speaks with Tom Keene and Guy Johnson on "Bloomberg Surveillance."
Marian Ilitch Tops Forbes List Of America's Richest Self-made Women
2017-05-18T16:06:07.960807-04:00https://www.thetrustedinsight.com/investment-news/marian-ilitch-tops-forbes-list-of-americas-richest-self-made-women-20170518647/
The late Mike Ilitch usually commanded the headlines, but his widow Marian Ilitch is often given a full share of the credit for building the family businesses. Marian Ilitch, 84, now tops Forbes' list of America's richest self-made women with a net worth of $5.1 billion as of Wednesday. She is the co-founder and owner of the Little Caesars' pizza empire, owner of the Detroit Red Wings and MotorCity Casino Hotel.
Highland Capital Raises $147M For Healthcare-Focused PE Fund | FINalternatives
2017-05-15T16:15:11.763722-04:00https://www.thetrustedinsight.com/investment-news/highland-capital-raises-147m-for-healthcare-focused-pe-fund-finalternatives-20170515500/
Global alternative credit specialist Highland Capital Management has raised approximately $147 million in capital commitments for its first healthcare-specific private equity fund in Asia.
China Woes Resulting In Capital Flight To US
2017-05-09T15:51:05.767466-04:00https://www.thetrustedinsight.com/investment-news/china-woes-resulting-in-capital-flight-to-us-20170509337/
May 09, 2017 5:00 AMWASHINGTON • When a new credit hedge fund opened in Mountainside, New Jersey, few would have guessed where much of its funding came from: Chinese billionaire Cai Kui.
Carl Icahn: Democrats Call For Probe Into His Biofuel Business
2017-05-09T15:21:07.205488-04:00https://www.thetrustedinsight.com/investment-news/carl-icahn-democrats-call-for-probe-into-his-biofuel-business-20170509327/
Eight Democratic Senators on Tuesday asked U.S. regulators to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated securities trading laws since becoming an adviser to President Donald Trump. “We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or any other relevant laws based on his recent actions in the market for renewable fuel credits,” the senators said in a letter to the heads of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the...
Hercules Capital Hires Five Investment, Credit Partners
2017-05-03T09:51:03.379827-04:00https://www.thetrustedinsight.com/investment-news/hercules-capital-hires-five-credit-tech-partners-20170503104/
Hercules Capital Inc., the leading specialty finance company to innovative venture growth, pre-IPO and M&A; stage companies backed by leading venture capital firms, announced the addition of five seasoned professionals to its investment and credit teams.
Credit Suisse Study On The Challenges Faced By Swiss Pension Funds
2017-05-02T17:28:06.934009-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-study-on-the-challenges-faced-by-swiss-pension-funds-20170502102/
Credit Suisse on May 2 published a study entitled "Swiss pension funds survey – Low interest rates and demographics as the main challenges". Starting point of the study, written by Credit Suisse's economists and strategic investment consultants for institutional clients, are the results of a survey among almost 200 pension funds. Based on the survey results, the authors estimate that in 2015, some CHF 5.3 billion of second-pillar funds were redistributed from active insured persons to pension recipients.
Blackstone's GSO Snaps Up J. Crew Debt In Restructuring Gambit
2017-05-01T15:18:45.583857-04:00https://www.thetrustedinsight.com/investment-news/blackstones-gso-snaps-up-j-crew-debt-in-restructuring-gambit-20170501001/
GSO Capital Partners, private equity firm Blackstone Group LP’s (BX.N) credit arm, is acquiring more of J. Crew Group Inc’s debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said. Sales have been declining as J. Crew, whose ballet flats and cashmere cardigans were once a staple of middle-class U.S. wardrobes, struggles to keep abreast of changing tastes and faces fierce competition from cheaper online retailers.
PE-Backed Floor & Decor Goes Public
2017-04-28T10:29:26.784240-04:00https://www.thetrustedinsight.com/investment-news/pe-backed-floor-decor-goes-public-20170428973/
Floor & Decor Holdings, a retailer of hard surface flooring and related accessories, went public after its IPO priced at about 8.82 million shares at $21 each. The stock began trading April 27, 2017 on the New York Stock Exchange under the ticker symbol “FND.” BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank, Goldman Sachs, Jefferies, Piper Jaffray and Wells Fargo Securities are serving as the underwriters. Floor & Decor is backed by Freeman Spogli & Co and Ares Management.
ASG Scores Funding From Elliot Management's Evergreen Coast Capital
2017-04-25T18:46:05.281959-04:00https://www.thetrustedinsight.com/investment-news/asg-scores-funding-from-elliot-managements-evergreen-coast-capital-20170425901/
Hedge fund manager Elliott Management Corp’s private equity affiliate Evergreen Coast Capital has made an undisclosed investment in ASG Technologies. Credit Suisse and SunTrust Robinson Humphrey served as lead financial advisers to Evergreen Coast Capital on the transaction. Based in Naples, Florida, ASG is a provider of enterprise IT software. MENLO PARK, Calif.–(BUSINESS WIRE)–Elliott Management Corporation, led by its Menlo Park affiliate Evergreen Coast Capital, today announced that they have completed a strategic investment into ASG Technologies, the Naples, Florida-based enterprise IT software company with leading products in content management, systems management, workspaces and enterprise data intelligence. Elliott intends to...
Dutch Group Unveils Fund Of Structured Credit Funds
2017-04-25T18:26:04.593257-04:00https://www.thetrustedinsight.com/investment-news/dutch-group-unveils-fund-of-structured-credit-funds-20170425897/
Kempen Capital Management has launched a fund of structured credit funds to allow investors cost-efficient access to the securitised debt market, the Dutch company has announced. The Diversified Structured Credit Pool will target long-only structured credit funds, primarily from specialist companies GoldenTree, LibreMax and One Williams Street. This new approach will invest in investment grade and sub-investment grade bonds, with an expected interest rate duration of two to three years. It is expected to have a strong tilt towards US debt. Structured credit encompasses residential mortgages, commercial mortgages, senior secured loans and consumer loans. It is a $2.8 trillion market in...
Credit Suisse Investment Bank COO Joins Small Private Equity Advisory Firm
2017-04-24T16:15:48.177793-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-investment-bank-coo-joins-small-private-equity-advisory-firm-20170424833/
Mark Barbour-Smith, COO of the M&A team in Europe at Credit Suisse, has left to join a private equity advisory firm.
Portfolio Advisors Raises $740M For Second Direct Credit Fund
2017-04-19T18:06:00.047823-04:00https://www.thetrustedinsight.com/investment-news/portfolio-advisors-raises-740m-for-second-direct-credit-fund-20170419735/
<p>Connecticut-based private markets manager Portfolio Advisors has raised $740 million in capital commitments for its second direct credit fund.</p>
<p>The new fund, named PA Direct Credit Opportunities Fund II, held its final closing on March 31, 2017 and reached the top of its funding target, the company said. Support was received from existing and new investors, including pension funds, insurance companies, foundations, endowments, family offices and high net worth individuals both in the U.S. and abroad. Fund II has already invested over 30% of its capital in ten companies.</p>
PE-backed Floor & Decor Sets IPO Pricing Terms
2017-04-17T17:48:00.163941-04:00https://www.thetrustedinsight.com/investment-news/pe-backed-floor-decor-sets-ipo-pricing-terms-20170417659/
Floor & Decor Holdings, a retailer of hard surface flooring and related accessories, has priced its IPO of over 8.8 million shares between $16 and $18 per share. The stock will trade on the New York Stock Exchange under the ticker symbol “FND.” BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank, Goldman, Sachs & Co., Jefferies, Piper Jaffray and Wells Fargo Securities are serving as the underwriters. Floor & Decor is backed by Freeman Spogli & Co.
HighTower To Acquire WealthTrust From Lee Equity
2017-04-14T10:09:55.850315-04:00https://www.thetrustedinsight.com/investment-news/hightower-to-acquire-wealthtrust-from-lee-equity-20170414581/
Lee Equity Partners is selling WealthTrust to HighTower. According to the buyer, the transaction will increase its client assets to nearly $46 billion. Although the exact financial terms were not disclosed, HighTower funded the acquisition through a $75 million expansion of its credit facility to $245 million led by BMO Harris and lenders Regions Bank, Fifth Third Bank and KeyBank.
Einhorn's Greenlight Claims GM Misled Credit Raters On Stock
2017-04-13T16:41:04.672612-04:00https://www.thetrustedinsight.com/investment-news/einhorns-greenlight-claims-gm-misled-credit-raters-on-stock-20170413553/
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. GM presented “a one-sided and flawed analysis” to ratings companies, Vinit Sethi, a Greenlight partner and director of research, said in a statement. Underwhelmed by GM’s returns as a shareholder since 2011, Greenlight has nominated Sethi to serve as a director, along with private-equity firm executives Leo Hindery and William Thorndike. “To ensure the GM board objectively considers our plan and to look after the best interests of shareholders, we are nominating...
VCs Fund $60M Series A In Consumer Credit Platform
2017-04-13T09:46:38.194990-04:00https://www.thetrustedinsight.com/investment-news/vcs-fund-60m-series-a-in-consumer-credit-platform-20170413518/
Upgrade, a newly launched consumer credit platform, has raised $60 million in funding. The investors included Apoletto, Credit Ease, FirstMark Capital, Noah Holdings, Ribbit Capital, Sands Capital Ventures, […]
Institutions Remain Committed To Hedge Funds
2017-04-12T11:11:05.224038-04:00https://www.thetrustedinsight.com/investment-news/institutions-remain-committed-to-hedge-funds-20170412493/
A new Credit Suisse report about hedge fund investors’ appetites, titled “shifting tides,” comes to the somewhat re-assuring conclusion that, in some respects at least, the shift isn’t what one might fear. The report begins with the simple observation that 2016, a year that began with unexpected swings in manyRead More
Here’s An Obscure Thing Hedge Funds Are Buying Because Of The North Korea Nuclear Risk
2017-04-11T17:53:54.054680-04:00https://www.thetrustedinsight.com/investment-news/heres-an-obscure-thing-hedge-funds-are-buying-because-of-the-north-korea-nuclear-risk-20170411469/
Hedge funds are snapping up insurance against a South Korean default as the nuclear threat from North Korea appears to grow. "The speed of the move in the cost of protection is one of the sharpest we've witnessed in years," said Larry McDonald of "The Bear Traps Report" newsletter. As measured by South Korea's five-year-default swap, the cost of protection against the country's inability to pay back loans leaped Tuesday to its highest level since July. As of last August, S&P had an AA credit rating and a stable outlook for South Korea. North Korean state media warned...
Crescat Capital – Beware Of China Currency And Credit Bubbles
2017-04-07T15:16:04.616665-04:00https://www.thetrustedinsight.com/investment-news/crescat-capital-beware-of-china-currency-and-credit-bubbles-20170407324/
Crescat Capital email to investors 2017 Hedge Fund Letters We are in the late innings of the global economic growth cycle with the Federal Reserve finally trying to take the punch bowl away by raising interest rates. As arbiter of [âŚ]
China Merchants, Forebright Capital, SIG Lead $80M Series C In Fintech Company
2017-04-06T11:00:04.052441-04:00https://www.thetrustedinsight.com/investment-news/china-merchants-forebright-capital-sig-lead-80m-series-c-in-fintech-company-20170406267/
<p>Wecash, the first internet credit assessment platform in China, has secured $80 million in a series C round led by China Merchants Venture Capital Management, Forebright Capital and SIG. Wecash, established in 2013, is the first Chinese company using big data technologies to evaluate people’s credit and detect fraud and provide a credit assessment through app in less than 15 minutes.</p>
Alan Howard Raises Over $700M For His New Fund
2017-04-05T10:36:56.567139-04:00https://www.thetrustedinsight.com/investment-news/alan-howard-raises-over-700m-for-his-new-fund-20170405213/
One of the sources said the AH fund, which started trading on March 1, had raised an additional $2 billion from the main fund at Howard's firm, Brevan Howard Asset Management....
GM Gives Details Of Contacts With Einhorn, CEO Barra's Pay
2017-04-04T16:16:04.414243-04:00https://www.thetrustedinsight.com/investment-news/gm-gives-details-of-contacts-with-einhorn-ceo-barras-pay-20170404174/
DETROIT: General Motors Co on Monday outlined in a regulatory filing contacts with billionaire hedge fund manager David Einhorn who went public last week with a plan to boost GM's value and announced its slate of board nominees, all of whom currently serve on the board. Einhorn, who runs hedge fund Greenlight Capital, has proposed that GM create two classes of stock, one that pays a dividend and one that does not, to boost the No. 1 U.S. carmaker's share price. GM has rejected the proposal and rating agencies have said it would negatively affect the company's credit rating....
A Hedge Fund's GM Plan Gives Hedge Funds a Bad Name
2017-04-03T16:51:12.384411-04:00https://www.thetrustedinsight.com/investment-news/a-hedge-funds-gm-plan-gives-hedge-funds-a-bad-name-1-20170403119/
What exactly is the purpose of GM?
If your answer is "to manufacture and sell automobiles" then you obviously haven't been listening to David Einhorn, whose hedge fund, Greenlight Capital Inc., owns 13.2 million shares (0.88 percent) of the company's stock, according to Bloomberg. In Einhorn's view, it would appear, General Motors Co. exists to "unlock value" for shareholders like himself, while getting its dividend to be "respected by the market."
Iowa PERS To Begin Search For $250M Real Estate Debt Mandate
2017-04-03T11:50:25.874615-04:00https://www.thetrustedinsight.com/investment-news/iowa-pers-to-begin-search-for-250m-real-estate-debt-mandate-20170403103/
<p>Iowa Public Employees Retirement System (Iowa PERS) is looking for an investment manager for a $250 million (€232 million) real estate debt strategy.</p>
<p>The $28.54 billion pension fund is planning to issue a request for proposal (RFP) in the coming months, according to a board meeting document.</p>
<p>The investment will form part of its private credit allocation. The pension fund is also issuing an RFP for a private corporate-lending strategy of a similar size.</p>
<p>The real estate debt strategy will have the flexibility to include core and opportunistic investments.</p>
Dropbox Said To Secure $600M Line Of Credit In Advance Of IPO
2017-03-31T14:41:04.648639-04:00https://www.thetrustedinsight.com/investment-news/dropbox-said-to-secure-600m-line-of-credit-in-advance-of-ipo-20170331067/
Dropbox is said to have secured a $600 million line of credit from six banks, including JPMorgan Chase, according to a report on Bloomberg. The credit facility comes as Dropbox is considering an IPO, perhaps […]
Fosun Seeks Pre-IPO Investors For Peak Reinsurance
2017-03-31T14:06:06.215986-04:00https://www.thetrustedinsight.com/investment-news/fosun-seeks-pre-ipo-investors-for-peak-reinsurance-20170331063/
Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according to people familiar with the matter. The sale of shares in Peak Reinsurance Co. could raise about $300 million, the people said, asking not to be identified because the discussions are private. The investment would come ahead of a potential IPO of the reinsurer in Hong Kong, said the people. Fosun, which owns about 87 percent of Peak Re, is pushing ahead with asset disposals in an attempt to improve its credit profile from its...
Platinum Fraud Charges Shine Light On Cayman Director Responsibilities
2017-03-31T11:54:58.395912-04:00https://www.thetrustedinsight.com/investment-news/platinum-fraud-charges-shine-light-on-cayman-director-responsibilities-20170331056/
NEW YORK (Thomson Reuters Regulatory Intelligence) - Investment-fund boards of directors have a critical responsibility to be an "independent watchdog" on behalf of investors. For most U.S. retail in...
Credit Suisse Downgrades Retail, As Hedge Funds Prepare To Profit
2017-03-28T16:46:04.910697-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-downgrades-retail-as-hedge-funds-prepare-to-profit-20170328934/
<p>Is the Retail Apocalypse upon us? Not just Sears (SHLD) is in trouble some on the sell side and hedge fund community believe.</p>
<p>Credit Suisse has downgraded retail (within the consumer discretionary sector), and consumer durables and apparel to market weight, saying several metrics were at their lowest since the 2008 <a href="http://www.valuewalk.com/2017/03/high-yield-collapse/">global financial crisis</a>. The sectors had been rated overweight on account of “deep valuation” appeal.</p>
Here's How The Trump Effect Is Shaking Up One Tech IPO
2017-03-28T13:32:28.543748-04:00https://www.thetrustedinsight.com/investment-news/heres-how-the-trump-effect-is-shaking-up-one-tech-ipo-20170328912/
Elevate pulled its IPO in January 2016, during a stock market swoon and on increased concern that credit markets would be tightening. The company, which counts venture firm Sequoia Capital as its biggest investor, filed on Monday to raise up to $124 million in an offering that would value the business at close to $500 million.
World Bank's PE Arm IFC Gives $80M Credit Package To VPBank
2017-03-22T14:55:15.606365-04:00https://www.thetrustedinsight.com/investment-news/world-banks-pe-arm-ifc-gives-80m-credit-package-to-vpbank-20170322773/
The International Finance Corporation (IFC), the private equity arm of World Bank group, has sanctioned an additional US$80 million credit package to Viet Nam Prosperity Bank (VPBank).
Värde Partners Raises $1.74B For 12th Fund
2017-03-22T14:53:45.313313-04:00https://www.thetrustedinsight.com/investment-news/varde-partners-raises-174b-for-12th-fund-20170322771/
<p>Global alternative investment manager Värde Partners has raised $1.74 in committed capital for its twelfth buyout fund. The new fund, named Värde Fund XII closed with $1.74 billion of committed capital, the company said in a statement. As with Värde’s previous funds, the new vehicle will invest in opportunities across a broad array of geographies, segments and asset types with a focus on value-based and credit-oriented investments in investment themes related to bank retrenchment, new distressed cycles and market distress still remaining from the great financial crisis.</p>
Penfund Adds To Investments In Caliber Collision, Mister Car Wash
2017-03-20T15:34:02.541415-04:00https://www.thetrustedinsight.com/investment-news/penfund-adds-to-investments-in-caliber-collision-mister-car-wash-20170320673/
Canadian private equity firm Penfund earlier this month invested in Caliber Collision Centers and Mister Car Wash (MCW), two existing portfolio companies. Penfund provided US$87 million in second-lien debt, the lead order for a new US$250 million credit facility, to Caliber, a U.S. collision repair shop operator controlled by OMERS Private Equity.
Blackstone Is Shutting Its Distressed-Debt Fund
2017-03-17T16:03:29.057832-04:00https://www.thetrustedinsight.com/investment-news/blackstone-is-shutting-its-distressed-debt-fund-20170317625/
Blackstone Group LP is ending its $3 billion distressed-debt hedge fund and will shift most of the assets into other credit funds that lock up client capital. The firm said it’s offered investors in its GSO Special Situations Fund the option to move assets into other distressed credit pools that don’t feature withdrawals. The special situations team, led by Blackstone partner Jason New, will continue to oversee the investments. “We have decided to transition the investment activities of our hedge fund into our other distressed funds with longer-duration, drawdown structures,” spokeswoman Paula Chirhart said. “These funds better complement our competitive...
New Fund Puts $141M Toward Digital Finance In The Developing World
2017-03-10T17:48:10.366181-05:00https://www.thetrustedinsight.com/investment-news/new-fund-puts-141m-toward-digital-finance-in-the-developing-world-20170310393/
Accion and Quona Capital this week launched the Accion Frontier Inclusion Fund, which devotes $141 million to using financial technology in order to reach people without bank accounts, credit cards, insurance or access to loans.
Hedge Funds Are Bracing For A Market Selloff
2017-03-08T10:56:04.432789-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-are-bracing-for-a-market-selloff-20170308246/
<p>U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead.</p>
<p>Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become less reliant on U.S. stocks by selling economically sensitive bank shares and materials like copper, data compiled by Credit Suisse Group AG show. What are they buying? Gold.</p>
Hedge Funds Gird For Stock Selloff As Valuations Rattle Nerves
2017-03-07T15:21:06.422030-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-gird-for-stock-selloff-as-valuations-rattle-nerves-20170307196/
<p>U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead.</p>
<p>Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become less reliant on U.S. stocks by selling economically sensitive bank shares and materials like copper, data compiled by Credit Suisse Group AG show. What are they buying? Gold.</p>
Marijuana Helped The World's Top Hedge Fund Gain 145%
2017-03-03T15:32:31.227097-05:00https://www.thetrustedinsight.com/investment-news/marijuana-helped-the-worlds-top-hedge-fund-gain-145-20170303076/
Bets on marijuana companies helped an Australian manager soar 145 percent last year to become the world’s best-performing hedge fund. Stock and credit investments in North American marijuana producers contributed to 22 percentage points of last year’s gain for the $200 million Tribeca Global Natural Resources Fund, said Sydney-based Ben Cleary, who co-manages the pool with Craig Evans. The fund has advanced 4 percent this year through February, Cleary said. The wagers helped the hedge fund rise to the very top among more than 10,000 rivals tracked by data provider Preqin and stand out in a lackluster year for the...
Sunlight Financial Raises $130M From Route 66 Ventures
2017-02-24T13:43:40.816299-05:00https://www.thetrustedinsight.com/investment-news/sunlight-financial-raises-130m-from-route-66-ventures-20170224840/
Sunlight Financial, a leading provider of loans for residential solar systems, today announced a new partnership with Route 66 Ventures, a private investment firm that makes credit and equity investments in high-growth companies in the financial services sector.
Oaktree Capital's Howard Marks On What Matters Most | Podcast
2017-02-24T09:03:18.852814-05:00https://www.thetrustedinsight.com/investment-news/oaktree-capitals-howard-marks-on-what-matters-most-podcast-20170224822/
Marks formed Oaktree Capital with his partners in 1995, running high-yield bonds, distressed debt, private equity, and other credit based strategies. Oaktree now manages 22 separate debt funds, totaling over $100 billion dollars in AUM. Their returns have averaged over 19% per year after fees over the past 22 years. That’s is by any measure an amazing track record.
Pure Industrial Real Estate Trust Announces Core Houston Acquisition And A $150M Unsecured Credit Facility
2017-02-23T11:15:12.344850-05:00https://www.thetrustedinsight.com/investment-news/pure-industrial-real-estate-trust-announces-core-houston-acquisition-and-a-150m-unsecured-credit-facility-20170223781/
VANCOUVER, BC--(Marketwired - February 22, 2017) - Pure Industrial Real Estate Trust (TSX: AAR.UN) (the "Trust") announced today that the Trust entered into an unconditional agreement to acquire a core asset (the "Houston Acquisition") in Houston, Texas and a commitment with two Canadian chartered banks for a $150 million unsecured credit facility.
It's A 'Wonderful, Wonderful' World In China Stocks, $6.7B Hedge Fund Says
2017-02-21T18:10:32.214211-05:00https://www.thetrustedinsight.com/investment-news/its-a-wonderful-wonderful-world-in-china-stocks-67b-hedge-fund-says-20170221698/
Throw out the idea that emerging markets are a single concept and instead choose places that have political predictability and enough domestic demand to withstand a currency crisis. That’s the thinking at Algebris Investments (UK) Ltd., a $6.7 billion global hedge fund whose macro credit fund outperformed peers in January. And it’s why China is looking interesting to Ivan Vatchkov, the chief investment officer for Asia in Singapore at Algebris. For Vatchkov, 38, China has a buffer against global market turmoil thanks to its political cohesion and its tight controls on capital flows. The macro credit fund returned 2.6 percent...
Lovell Minnick Partners Invests In Trea Asset Management
2017-02-21T12:35:55.480660-05:00https://www.thetrustedinsight.com/investment-news/lovell-minnick-partners-invests-in-trea-asset-management-20170221677/
The firm manages traditional mutual funds across equities, fixed income, balanced, and fund of funds primarily through exclusive distribution partnerships with its bank partners, its own branded funds and alternative private equity and credit products.
Why Virginia Retirement Is Increasing Private Markets Exposure | Exclusive Q&A With Ronald Schmitz
2017-02-21T10:15:02.340538-05:00https://www.thetrustedinsight.com/investment-news/why-virginia-retirement-is-increasing-private-markets-exposure-exclusive-qa-with-ronald-schmitz-20170221652/
Ronald Schmitz is the chief investment officer at Virginia Retirement System, where he oversees $68 billion of assets under management. Schmitz was recently named on Trusted Insight’s Top 30 Public Pension Chief Investment Officers.
China’s Credit Tightening Will Ultimately Hit Iron Ore
2017-02-17T16:50:11.403621-05:00https://www.thetrustedinsight.com/investment-news/chinas-credit-tightening-will-ultimately-hit-iron-ore-20170217621/
Depending on your perspective, China’s latest credit data either provides further evidence of runaway loan growth or proves that an orderly deleveraging process is underway. It’s the ‘choose your own adventure’ for China’s economy and whichever way the story falls over coming months will determine how Australia’s May budget is framed. Either way, the longer ...
CAPREIT To Purchase Prestige Montreal Apartment Property
2017-02-17T16:25:07.708635-05:00https://www.thetrustedinsight.com/investment-news/capreit-to-purchase-prestige-montreal-apartment-property-20170217612/
TORONTO, ONTARIO--(Marketwired - Feb. 16, 2017) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) announced today that it has waived conditions and will acquire a luxury 256-suite residential apartment property located in the affluent CĂ´te-Saint-Luc neighbourhood in the Greater MontrĂŠal Area. The property is well-located within walking distance of a high-end shopping centre, hospital, community centre and public library. The purchase price, to be initially financed in cash from the CAPREIT's Acquisition and Operating credit facility, is $23.5 million, generating a very strong going-in capitalization rate of approximately 6.51% and a price per suite of approximately $92,000, well...
Hedge Fund Night Square To shut, Founders Move To Citadel
2017-02-16T16:47:48.760630-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-night-square-to-shut-founders-move-to-citadel-20170216580/
<p>Neel Parekh and Michael Berkley co-founded the New York-based hedge fund in 2015 and invested roughly $200 million.</p>
<p>Night Square specialized in picking consumer stocks and at the end of last year, its biggest holdings included Dick's Sporting Goods, Inc, Jack in the Box, Inc and Lowe's Companies Inc, according to a recent regulatory filing.</p>
Goldman Hedge Fund Folding London Operations, Shifting Staff To U.S.
2017-02-09T16:49:23.253385-05:00https://www.thetrustedinsight.com/investment-news/goldman-hedge-fund-folding-london-operations-shifting-staff-to-us-20170209347/
Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters.
About eight staff members who made up the London team were recently told to move to the Battery Park City headquarters of Goldman Sach Group Inc ( GS.N ) in lower Manhattan or find a new job internal...
Breakout Capital – a Leading FinTech Company Providing Working Capital Solutions to Small Businesses – Secures Credit Facility with Drift Capital Partners
2017-02-09T16:29:26.571876-05:00https://www.thetrustedinsight.com/investment-news/breakout-capital-a-leading-fintech-company-providing-working-capital-solutions-to-small-businesses-secures-credit-facility-with-drift-capital-partners-20170209344/
“We have enjoyed a long-standing financial partnership with Drift, and we appreciate the continued trust they have placed in us with this new credit facility. Drift’s facility will further bolster o...
Most Consistent Top Performing Hedge Funds In 2016
2017-02-07T17:12:50.561972-05:00https://www.thetrustedinsight.com/investment-news/most-consistent-top-performing-hedge-funds-in-2017-20170207243/
Preqin issues league tables of funds that have consistently generated higher returns and lower volatility than their peers over the past five years Drawing on data compiled for the 2017 Preqin Global Hedge Fund Report, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance. These league tables do not seek in any way to endorse these funds, but rather to illustrate those that have performed the most consistently over the period January 2012 – December 2016. Seven leading strategies are represented: equity strategies, macro strategies, event driven strategies, credit strategies, relative value strategies,...
Pension Boards Must Get Real When It Comes To Numbers And Challenges
2017-02-07T11:47:07.366796-05:00https://www.thetrustedinsight.com/investment-news/pension-boards-must-get-real-when-it-comes-to-numbers-and-challenges-20170207231/
Public pensions continue to be a massive burden to taxpayers at the city, county and state level. In fact, unfunded liabilities are a major cause of decaying or delayed infrastructure, crowded and de...
This Is Who George Soros Trusts To Oversee His $25B Family Office
2017-02-07T10:53:28.962259-05:00https://www.thetrustedinsight.com/investment-news/this-is-who-george-soros-trusts-to-oversee-his-25b-family-office-20170207220/
George Soros tapped Dawn Fitzpatrick from UBS Asset Management to oversee his $25 billion family office, replacing Ted Burdick a year after he stepped into the role, according to people with knowledge of the matter.
The Death Of Second-Tier Private Market Funds | Exclusive Q&A With Neal Graziano, W. K. Kellogg Foundation
2017-01-31T10:53:04.086215-05:00https://www.thetrustedinsight.com/investment-news/the-death-of-second-tier-private-market-funds-exclusive-qa-20170131001/
Neal Graziano is a director of investments at the W. K. Kellogg Foundation, which manages $3.5 billion in assets. In part one of Trusted Insight's interview with Graziano, he discusses the evolution of markets following the 2008-2009 financial crisis and how that spells the likely death of lower tier private equity and hedge funds and the industry standard two-and-twenty fee structure.
New Mexico PERA Invests In Cheyne Capital £500M European Real Estate Debt Fund
2017-01-31T09:41:27.354600-05:00https://www.thetrustedinsight.com/investment-news/new-mexico-pera-invests-in-cheyne-capital-500m-european-real-estate-debt-fund-20170131992/
<p>The Public Employees Retirement Association of New Mexico approved a £72m commitment to the Cheyne Real Estate Credit Holdings Fund V vehicle at its board meeting last week.</p>
Former Credit Suisse PMs Launch Multi-Asset Absolute Return Fund
2017-01-30T16:35:07.344829-05:00https://www.thetrustedinsight.com/investment-news/former-credit-suisse-pms-launch-multi-asset-absolute-return-fund-20170130969/
Former Credit Suisse portfolio managers Manfred and Marion Gridl have started a new money management company and will launch a multi-asset fund in the next few months.read more
George Soros Is The Secret Financier Behind Kushner-Backed Startup Cadre
2017-01-30T16:30:14.235748-05:00https://www.thetrustedinsight.com/investment-news/george-soros-is-the-secret-financier-behind-kushner-backed-startup-cadre-20170130968/
Story written by Konrad Putzier at The Real Deal George Soros’ Soros Fund Management has quietly been financing the Kushner-backed real estate finance startup Cadre with a substantial credit line, according to sources familiar with the matter. A source familiar with the financing arrangement told The Real Deal that “Soros has had a long and productive relationship with the […]The postGeorge Soros Is The Secret Financier Behind Kushner-Backed Startup Cadreappeared first onThe Trust Advisor.