Trusted Insighthttp://thetrustedinsight.com/2017-06-07T11:26:04.886190-04:00Trusted 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.
Hedge Fund Performance Disparate In May, Says Lyxor
2017-06-07T11:26:04.886190-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-performance-disparate-in-may-says-lyxor-20170607158/
Hedge fund performance has been disparate across strategies in May, with event driven funds extending their winning streak (+0.7 per cent), fuelled by Merger Arbitrage which tends to perform well when bond yields fall, according to Lyxor.
Lyxor: Hedge Fund Index Up As New Market Regime Takes Shape Post-Election | FINalternatives
2016-11-29T17:40:12.609705-05:00https://www.thetrustedinsight.com/investment-news/lyxor-hedge-fund-index-up-as-new-market-regime-takes-shape-post-election-finalternatives-20161129841/
Hedge funds enjoyed broad-based returns last week as equity, bond and currency assets remained largely in their respective lanes as financial markets continue adapting to Donald Trump’s election win, according to the latest edition of Lxyor Asset Management’s Weekly Brief. The Lyxor Hedge Fund Index gained 0.7% for the week through November 22, with all sub-strategies except one ending the period on a positive note. Event Driven led the pack, gaining 0.9% and supported by positive returns in both Merger Arbitrage and Special Situations segments, while Global Macro and L/S Equity gained ground, up 0.8% and 0.7% respectively. Fixed Income...
IQ Merger Arbitrage Index Leads Four Of Six IndexIQ IQ Hedge Indices Higher In May
2016-06-24T15:15:09.013879-04:00https://www.thetrustedinsight.com/investment-news/iq-merger-arbitrage-index-leads-four-of-six-indexiq-iq-hedge-indices-higher-in-may-20160624042/
IndexIQ has announced the performance of its family of six IQ Hedge Indexes with four positive, led by a 1.31 percent return for the IQ Merger Arbitrage Index. read more
Hedge Fund Investors Have Fallen in Love With Merger Arb (Again)
2016-04-28T16:28:45.348143-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-investors-have-fallen-in-love-with-merger-arb-again-20160428415/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
It Was A Brutal Week For Some Of The World's Biggest Hedge Funds
2016-04-13T11:10:57.293260-04:00https://www.thetrustedinsight.com/investment-news/it-was-a-brutal-week-for-some-of-the-worlds-biggest-hedge-funds-20160413862/
When the announcement of new rules to crack down on tax “inversion” deals put question marks around the now-terminated $160 billion Pfizer ( PFE ) takeover, Allergan shares plunged 15% from $277 to $...
Hedge Funds Winning In M&A Arbitrage As Banks Cut Prop Desks
2016-03-05T09:30:18.524073-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-winning-in-ma-arbitrage-as-banks-cut-prop-desks-20160305982/
Hedge funds betting on the success or failure of mergers and acquisitions are taking advantage of a record volume of deals and a lack of competition from banks to score the best returns among peers looking to profit from corporate actions. Banks have shrunk or shuttered trading desks under pressure from regulators to take fewer risks, and some event-driven funds have closed. That helped merger-arbitrage money pools return 3.4 percent in...
Barclay Hedge Fund Index Down 2.83 Per Cent In January As Hedge Funds Suffer Worst Start In Eight Years
2016-02-28T10:30:17.469016-05:00https://www.thetrustedinsight.com/investment-news/barclay-hedge-fund-index-down-283-per-cent-in-january-as-hedge-funds-suffer-worst-start-in-eight-years-20160228640/
Hedge funds lost 2.83 per cent in January according to the Barclay Hedge Fund Index compiled by BarclayHedge – the worst start to a new year in eight years since the Index dropped 3.26 per cent in January 2008. read more
Ford Pension Plans Cut Equity And Event For Macro And Multi-Strat
2016-02-18T18:30:19.057589-05:00https://www.thetrustedinsight.com/investment-news/ford-pension-plans-cut-equity-and-event-for-macro-and-multi-strat-20160218210/
By Simon Kerr, Publisher of Hedge Fund Insight The investment strategy allocation of portfolios of hedge funds is a function of the target return and drawdown tolerance of the end investor over a multi-year period. The pension plans of the Ford Motor Company are part way through a five-year de-risking process – the U.S. […]
Och-Ziff Posts First-Ever Quarterly Loss; Stock Price Plummets
2016-02-14T18:00:19.509864-05:00https://www.thetrustedinsight.com/investment-news/och-ziff-posts-first-ever-quarterly-loss-stock-price-plummets-20160214056/
Hedge fund manager Och-Ziff Capital Management reported its first-ever quarterly loss on Thursday as asset outflows put severe pressure on fee and incentive income, pushing its share price to a record low. Total revenue fell by 50% to $342.8 million as incentive income collapsed 84% to $69.2 million and management fees fell 11% to $148.6 million. Assets under management fell 4.2% in the quarter from a year earlier and totaled roughly $43.7 billion as of Feb. 1. The New York-based company lost $36.1 million, or 7 cents a share, in the fourth-quarter, compared with profit of $255.4 million, or 50...
Hedge Funds Demonstrate Remarkable Resilience In Turmoil
2016-02-14T17:30:11.336450-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-demonstrate-remarkable-resilience-in-turmoil-20160214053/
The Lyxor Hedge Fund Index was down 0.9 per cent in January, despite positive performance from five out of the 11 Lyxor Indices, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Global Macro Index (+0.7 per cent), and the Lyxor Fixed Income Arbitrage Index (+0.7 per cent) were the month’s best performers.
Illiquid Assets Are All The Rage For Hedge Funds
2016-02-14T16:00:20.040078-05:00https://www.thetrustedinsight.com/investment-news/illiquid-assets-are-all-the-rage-for-hedge-funds-20160214048/
And this week, Bloomberg has reported that at least one hedge fund has started up with the intention of buying Illiquid Asset stakes in hedge funds that have suspended redemptions, according to people with knowledge of the plans. Andrew Lawrence, chief executive officer of Rosebrook Capital Partners, is behind the plan to start a fund buying illiquid stakes in other hedge funds. According to Bloomberg, Andrew Lawrence is seeking to raise $250 million to $500 million for his new fund. The logic behind the new fund is simple, Lawrence is looking to buy interests from existing investors in funds that have limited redemptions....
Quant Macro Hedge Funds Surge In January As Equities And Oil Extend Declines
2016-02-11T17:00:19.588923-05:00https://www.thetrustedinsight.com/investment-news/quant-macro-hedge-funds-surge-in-january-as-equities-and-oil-extend-declines-20160211914/
Hedge funds posted mixed performance to begin 2016 as global financial markets plunged, driven by steep declines in oil and concerns regarding the global impact of the slowing Chinese economy, resulting in the worst start to a year for hedge funds since 2008. The broad-based HFRI Fund Weighted Composite Index posted a decline of -1.7 per cent for January, bringing the Index Value to 12073.48, while the HFRI Asset Weighted Composite Index fell -1.2 per cent, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total...
Putting The Hedge Back In Hedge Funds
2016-01-27T13:30:20.315975-05:00https://www.thetrustedinsight.com/investment-news/putting-the-hedge-back-in-hedge-funds-20160127074/
Despite being the financial boogeyman, kicked around by politicians and vilified on television, hedge funds are a smart way to protect hard-won investment gains as well as garner a certain amount of liquidity during periods of market stress. Like now. But the term “hedge funds” is broad. For instance, this past week Bank of America announced that hedge funds just bought a record amount of equities during the market plunge, yet the next day the Wall Street Journal reported that many hedge-fund managers have stepped aside and are “stockpiling cash.” So which is it? Probably both, after all, “hedge funds”...
Barclay Hedge Fund Index Down 0.64 Per Cent In December
2016-01-20T11:00:14.344130-05:00https://www.thetrustedinsight.com/investment-news/barclay-hedge-fund-index-down-064-per-cent-in-december-20160120801/
Hedge funds lost 0.64 per cent in December according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index was up 0.29 per cent at the end of 2015, its smallest yearly gain since 2011 when it declined 5.48 per cent. The Index was unable to outperform the S&P 500 Total Return Index, which gained 1.38 per cent last year.
HFR: Energy, Quant Strategies Lead Index To Fourth Annual Decline Since 1990
2016-01-12T09:30:13.630061-05:00https://www.thetrustedinsight.com/investment-news/hfr-energy-quant-strategies-lead-index-to-fourth-annual-decline-since-1990-20160112399/
Hedge funds concluded a volatile, turbulent year in financial markets with declines in December, according to new data from industry benchmark provider Hedge Fund Research. Oscillating between positive and negative performance throughout the year, the HFRI Fund Weighted Composite Index fell -0.85% in December and ended the year down 0.85%. This was only the fourth calendar year decline in hedge fund performance since 1990, according to HFR. Despite the decline, an estimated 55% of all hedge funds posted gains for 2015. Equity Hedge strategies outperformed U.S. equities in December, with steep losses in energy-focused strategies partially offset by gains in...
Lyxor: Hedge Funds Should Outperform Traditional Assets In Tightening Environment
2015-12-23T16:00:19.983698-05:00https://www.thetrustedinsight.com/investment-news/lyxor-hedge-funds-should-outperform-traditional-assets-in-tightening-environment-20151223697/
Hedge funds were relatively resilient in an otherwise risk-off environment last week leading up to the Fed’s long-awaited first interest rate hike, according to Lyxor Asset Management’s most recent Weekly Brief. The Lyxor Hedge Fund Index dipped 0.5% in the period between December 8 and December 15, 2015, giving up nearly all of the gains in the prior week. Event Driven managers outperformed, gaining 0.2% and the sole positive member of Lyxor’s substrategies. Within the group, both Merger Arbitrage and Special Situations funds ending flat or slightly positive. Long/Short equity funds, meanwhile, also navigated the turmoil relatively well, as strategies...
Weekly Brief: Unstable Markets And Hedge Fund Outperformance
2015-12-16T12:30:28.598618-05:00https://www.thetrustedinsight.com/investment-news/weekly-brief-unstable-markets-and-hedge-fund-outperformance-20151216192/
During a period in which most asset classes sold off ferociously and fixed income provided no downside protection, the Lyxor Hedge Fund Index was down only 0.8 per cent. This highlights the resilience of this asset class to wide market movements.
BofAML: Hedge Funds Sell NASDAQ 100, Continue Unwinding S&P 500 Shorts
2015-11-25T13:00:16.659983-05:00https://www.thetrustedinsight.com/investment-news/bofaml-hedge-funds-sell-nasdaq-100-continue-unwinding-sp-500-shorts-20151125134/
Hedge funds sold NASDAQ 100 contracts for the first time in Q4/15 after buying in consecutive months to accumulate the most contracts since September 2012, according to the latest issue of Bank of America Merrill Lynch’s Hedge Fund Monitor. Moreover, they have continued to unwind short positions in the S&P 500, slashing short contracts by 63% from the October 6 high. BofAML’s Investable Hedge Fund Composite index was down 0.25% for the week through November 18, but remains up 0.83% QTD and down 2.24% YTD. CTAs led the charge in the period, up 1.92%, while Convertible Arb lagged the most,...
Barclay Hedge Fund Index gains 2.19 per cent in October
2015-11-19T16:00:19.264800-05:00https://www.thetrustedinsight.com/investment-news/barclay-hedge-fund-index-gains-219-per-cent-in-october-20151119788/
Hedge funds gained 2.19 per cent in October according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index rebounded in October after four months of losses, and is now up 0.69 per cent in 2015. “A global rally in equities fuelled by continued easing in the US, Europe and Japan, together with stabilising economic signs from China helped propel the S&P 500 to a gain of 8.30 per cent in October, its strongest showing since October of 2011 when it gained 10.9 per cent,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Hedge funds surge in October on back of global event equities rally
2015-11-09T11:26:19.047800-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-surge-in-october-on-back-of-global-event-equities-rally-20151109048/
Hedge funds posted strong gains in October to begin the fourth quarter in positive fashion, according to data released by HFR. October’s gains partially reversed declines from a volatile Q3, driven by equity, fixed income and credit-sensitive strategies. The HFRI Fund Weighted Composite Index (FWC) posted a gain of +1.7 per cent for the month, bringing the FWC to a Net Asset Value of 12,424, with gains led by Equity Hedge and Activist strategies. October represents the strongest FWC monthly gain since February and brings the YTD performance to +0.03 per cent. This YTD gain tops the decline of the...
Bill Ackman: Valeant could be the next Berkshire Hathaway
2015-10-23T11:17:50.369222-04:00https://www.thetrustedinsight.com/investment-news/bill-ackman-valeant-could-be-the-next-berkshire-hathaway-20151023222/
Leave it to hedge fund manager Bill Ackman to turn one of his biggest investor-activism setbacks into one of his most bullish bets. Other than shorting Herbalife, the founder of Pershing Square Capital’s most high-profile play recently was his campaign last year to help drug maker Valeant
All six IQ Hedge indexes down in September
2015-10-20T15:23:04.429398-04:00https://www.thetrustedinsight.com/investment-news/all-six-iq-hedge-indexes-down-in-september-20151020978/
All six of IndexIQ’s IQ Hedge investable hedge fund replication indexes recorded negative performance in September. read more
BofAML: Hedge Funds Post -4.27% Loss in Q3, Beat S&P 500
2015-10-06T15:44:58.681266-04:00https://www.thetrustedinsight.com/investment-news/bofaml-hedge-funds-post-427-loss-in-q3-beat-sp-500-20151006119/
Hedge funds outperformed broader market measures in the third quarter, according to a flash estimate from Bank of America Merrill Lynch’s Hedge Fund Monitor. read more
Can Hedge Fund Returns Be Replicated By ETFs?
2015-10-01T15:37:54.253252-04:00https://www.thetrustedinsight.com/investment-news/can-hedge-fund-returns-be-replicated-by-etfs-20151001839/
If an investor can find actual alpha in a hedge fund investment they should be willing to pay 3 percent (management fee) and 30 percent (incentive fee), Nikki Tippins, managing director and head of Americas equity derivatives distribution at Morgan Stanley (NYSE:MS) said during a liquid alternatives panel discussion at the Morningstar ETF Conference. Acknowledging that Hedge Funds who can outperform a benchmark offer significant value, she said if alpha can't be found "don’t pay 2 percent / 20 percent for something that can be replicated.” Tippins acknowledge hedge funds are an important component of an institutional allocation and reiterated that...
Investors Put Emerging Hedge Fund Managers Under the Microscope
2015-09-29T17:13:07.190636-04:00https://www.thetrustedinsight.com/investment-news/investors-put-emerging-hedge-fund-managers-under-the-microscope-20150929656/
Even with five-year track records, newer hedge fund firms face close scrutiny from funds of funds and other allocators.
A lot has changed on Wall Street since 2009. One thing that
hasnt is the crop of newly minted hedge fund managers
Global stock market rout offers opportunity for M&A hedge funds
2015-09-11T17:20:32.652364-04:00https://www.thetrustedinsight.com/investment-news/global-stock-market-rout-offers-opportunity-for-ma-hedge-funds-20150911037/
The sharp falls in global stock markets in August potentially offer hedge funds that decide to bet on the outcome of merger deals a chance to make some juicy returns. A plunge in China's equity markets last month that triggered falls around the world, in theory, makes it cheaper for hedge funds to set up a so-called merger arbitrage trade. Merger arbitrage funds often aim to make money by buying shares in a company that is the target of a takeover bid in the hope they will rise towards the offer price. They also bet that the share price of...
BofAML: Hedge Funds Sell NASDAQ By Most Since 2007
2015-09-01T12:46:50.355024-04:00https://www.thetrustedinsight.com/investment-news/bofaml-hedge-funds-sell-nasdaq-by-most-since-2007-20150901553/
Hedge funds sold off NASDAQ exposure last week by the most since 2007, according to data from the latest issue of Bank of America Merrill Lynch’s Hedge Fund Monitor, with Long/Short and Market Neutral hedge funds cutting market exposure to their lowest levels since late April/early May.
M&A Bonanza Means Billionaire John Paulson Is Having A Really Good Year
2015-08-11T14:53:42.131829-04:00https://www.thetrustedinsight.com/investment-news/ma-bonanza-means-billionaire-john-paulson-is-having-a-really-good-year-20150811605/
I’m a staff writer on Forbes’ investing team, where I cover banks, asset managers and corporate mergers. I’m on the lookout for the next big thing being pitched on Wall Street and I like to delve int...
Aetna to buy Humana for $37 billion
2015-07-06T14:20:39.259241-04:00https://www.thetrustedinsight.com/investment-news/aetna-to-buy-humana-for-37-billion-20150706912/
Aetna has had to pay a relatively steep premium to get its hands on Humana: the offer is nearly 30% above where Humana’s shares were trading in May, before news of a possible sale leaked. The prize i...
Battered Hedge Fund Billionaire John Paulson Adds To Merger Bets
2015-01-19T11:51:17.762260-05:00https://www.thetrustedinsight.com/investment-news/battered-hedge-fund-billionaire-john-paulson-adds-to-merger-bets-20150119098/
Billionaire John Paulson received a lot of press for a 36% drop in his Advantage Plus fund last year as assets at Paulson & Co. fell below $20 billion. But investors continue to look at the hedge fund manager as a way to bet on rising merger and acquisition activity globally, as companies scale their operations and take advantage of record-low financing costs...<br />
Hedge Funds Lose Money for All, Not Just the Rich
2014-12-01T13:43:23.222117-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-lose-money-for-all-not-just-the-rich-1-20141201784/
When Douglas Kobak was an adviser at a large brokerage firm, he suggested his wealthiest clients buy a hedge fund promising to be "a very conservative alternative to bonds." Then the credit crisis hi...
Hedge Funds Lose Money for All, Not Just the Rich
2014-11-24T17:16:06.796141-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-lose-money-for-all-not-just-the-rich-20141124746/
When Douglas Kobak was an adviser at a large brokerage firm, he suggested his wealthiest clients buy a hedge fund promising to be "a very conservative alternative to bonds." Then the credit crisis hi...
Arizona State Retirement System Meeting Minutes
2014-08-21T16:41:54.550366-04:00https://www.thetrustedinsight.com/investment-news/8736-arizona-state-retirement-system-meeting-minutes-20140821736/
IC Meeting August 18, 2014 Page 4 of 4 A copy of the agenda background material provided to Committee Trustees (with the exception of material relating to possible executive sessions) is available ...
Hedge Funds Fall During the First Half of March
2014-03-19T11:21:03.949511-04:00https://www.thetrustedinsight.com/investment-news/6389-hedge-funds-fall-during-the-first-half-of-march-20140319389/
Most hedge fund strategies suffered losses in the first half of March, with the average hedge fund dropping 0.48% through March 17, according to Hedge Fund Research. The decline leaves the HFRX Globa...
Lyxor Hedge Fund Indices up 1.15 in December (+7.0 YTD)
2014-01-08T12:00:58.788788-05:00https://www.thetrustedinsight.com/investment-news/4787-lyxor-hedge-fund-indices-up-115-in-december-70-ytd-20140108787/
Opalesque Industry Update - Decent finish for the Lyxor Hedge Fund Indices, up 1.15% in December and closing the year up +7.0%. 2013, the year of monetary policy players, crowned one winning bet: Long Equity in developed countries and Short both gold and rates. Neutral on all other asset classes. >> Unsurprisingly, strategies playing an equity beta and restructuring themes offered the best returns, in particular L/S Equity and Event Driven funds. Conversely, L/S Credit and Fixed Income suffered from their trading fields falling out of favor.
Hedge fund managers crossing their fingers for volatility
2014-01-08T11:02:16.419390-05:00https://www.thetrustedinsight.com/investment-news/4769-hedge-fund-managers-crossing-their-fingers-for-volatility-20140108769/
Far from fearing volatility, hedge fund managers are looking forward to a rockier investment climate this year, one that will allow them to do what they do best: make money on both the long and short sides.
KKR Financial: Use The Subsidiary To Get A Discount On The Parent
2013-12-27T14:13:17.431946-05:00https://www.thetrustedinsight.com/investment-news/4275-kkr-financial-use-the-subsidiary-to-get-a-discount-on-the-parent-20131227275/
KKR Financial Holdings LLC (NYSE:KFN), KKR & Co. L.P. (NYSE:KKR): KKR Financial: Use The Subsidiary To Get A Discount On The Parent...
Red Lobster split seen as wrong recipe to boost Darden outlook
2013-12-27T14:11:15.635901-05:00https://www.thetrustedinsight.com/investment-news/4273-red-lobster-split-seen-as-wrong-recipe-to-boost-darden-outlook-20131227273/
CHICAGO — Shareholders aren’t happy with Darden Restaurants’ plan to sell or spin off Red Lobster, which doesn’t solve the biggest problem: finding more customers....
Global hedge funds down 0.48 to mid December 5.61 year to date
2013-12-18T19:11:26.831837-05:00https://www.thetrustedinsight.com/investment-news/global-hedge-funds-down-048-to-mid-december-561-year-to-date-20131218982/
HFR's mid December figures find global hedge funds down 0.48% for the mid month...
CTAs in a strong recovery mode in November
2013-12-18T19:04:04.149190-05:00https://www.thetrustedinsight.com/investment-news/3967-ctas-in-a-strong-recovery-mode-in-november-20131218967/
Ten out of 13 Lyxor Indices ended the month of November in positive territory, led by the CTA Long Term Index (+4.2 per cent) and the L/S Equity Market Neutral Index (+1.7 per cent)...
Hedge funds gain 1.19% in November
2013-12-18T18:50:04.731907-05:00https://www.thetrustedinsight.com/investment-news/3957-hedge-funds-gain-119-in-november-20131218957/
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index increased +1.19% in November (+11.18% YTD), while the S&P 500 gained +2.80% (+26.62% YTD)....
The Multiple Strategies Of Hedge Funds
2013-11-22T16:42:45.304837-05:00https://www.thetrustedinsight.com/investment-news/3133-the-multiple-strategies-of-hedge-funds-20131122133/
Hedge fund investors or potential investors need to understand how much risk hedge funds take in making money....
Target the absolutely right fund
2013-11-15T14:23:15.377786-05:00https://www.thetrustedinsight.com/investment-news/target-the-absolutely-right-fund-20131115954/
Absolute return funds are popular with investors and, while some fail to deliver on their aims, we find the few that make worthy additions to your portfolio....
Short-sell hedge funds count cost as M&A picks up
2013-09-11T10:59:45.945590-04:00https://www.thetrustedinsight.com/investment-news/1594-short-sell-hedge-funds-count-cost-as-ma-picks-up-20130911594/
Hedge funds circling the stock of vulnerable companies got an expensive wake-up call this week with Nokia's dramatic exit from commercial purgatory, prompting many to reassess their targets..
Hedge funds make a comeback buoyed by US market... HFR indices reflect a positive July... | Hedgeweek
2013-08-14T16:36:59.655333-04:00https://www.thetrustedinsight.com/investment-news/1262-hedge-funds-make-a-comeback-buoyed-by-us-market-hfr-indices-reflect-a-positive-july-hedgeweek-20130814262/
The possibility that hedge funds are making a comeback has been explored in the media recently, suggesting that investors are once again hungry for the huge returns these funds...
Hedge funds profit from return of M&A
2013-08-14T15:44:55.915927-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-profit-from-return-of-ma-20130814257/
As developed world stock markets have surged this year, the corporate world has likewise seen a revival of deal-making, capital raisings and restructurings. And hedge funds - in particular, so-called ...
Severn Trent deal blow hits 'merger arb' funds| Reuters
2013-06-12T11:13:49.732796-04:00https://www.thetrustedinsight.com/investment-news/291-severn-trent-deal-blow-hits-merger-arb-funds-reuters-20130612291/
LONDON (Reuters) - Hedge funds that bet Severn Trent <SVT.L> would agree to a Canadian-led takeover are reeling from losses after the water company refused to talk, casting further doubt on their...