Trusted Insighthttp://thetrustedinsight.com/2017-11-03T17:08:11.749377-04:00Trusted 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.
Fraud Allegations Shutter Foundry Group-Backed Wedding Tech Startup
2017-11-03T17:08:11.749377-04:00https://www.thetrustedinsight.com/investment-news/fraud-allegations-shutter-foundry-group-backed-wedding-tech-startup-20171103130/
Online wedding vendor marketplace Borrowed & Blue last November raised $7 million in VC funding led by Foundry Group. But now the Charlottesville, Va.-based startup is shuttered -- and more than two dozen employees are out of work — after the board discovered alleged financial improprieties related to Borrowed & Blue's married co-founders, Adam and Christin Healey.
Plan To Restart Bloom Lake Mine Gets $40M Boost + Offtake
2017-05-30T10:31:04.602918-04:00https://www.thetrustedinsight.com/investment-news/plan-to-restart-bloom-lake-mine-gets-40m-boost-offtake-20170530921/
By analyst By Andrew Topf The Bloom Lake Mine’s new owner earlier this month announced new cash for upgrades to the shuttered operation and an offtake agreement with a Japanese trading company to receive iron ore for steelmaking if the mine gets back into commercial production. In December 2015 Champion Iron Ore (TSX:CIA), an iron ore explorer with offices in Canada and Australia, said it will buy the Bloom Lake operation along with its rail assets. The mine’s former owner, Cliffs Natural Resources (NYSE:CLF), shuttered production in late 2014 as part of a greater plan to exit its money-losing Canadian...
Passport Global Sees Assets Flee Amid Another Rough Quarter
2017-05-15T16:35:35.804264-04:00https://www.thetrustedinsight.com/investment-news/passport-global-sees-assets-flee-amid-another-rough-quarter-20170515502/
It has been a troubling year for John Burbank and the hedge fund he founded, Passport Capital. The hedge fund shuttered its Long / Short equity fund last month amid poor performance as the firm had been battling to stem
Carlyle's Loss Widens On Hedge Fund Unit Costs
2017-02-08T11:25:07.168396-05:00https://www.thetrustedinsight.com/investment-news/carlyles-loss-widens-on-hedge-fund-unit-costs-20170208273/
Carlyle Group LP posted a wider fourth-quarter loss than in the year-earlier period, hurt by costs from a hedge fund division it has all but exited. Investment funds at nearly all of the Washington, D.C.-based asset manager's business lines rose in value, including 4% appreciation in the private-equity funds for which Carlyle is best known. But the firm's results continued to reflect fallout from struggles in its hedge fund business, which it has largely shuttered following poor performance. In the three months ended Dec. 31, Carlyle lost $8.9 million, or 16 cents a share, versus a loss of $4.6 million,...
Runnfeldt Said To Leave Citadel As Ravelin Unit Is Shuttered
2017-02-02T17:50:10.386418-05:00https://www.thetrustedinsight.com/investment-news/runnfeldt-said-to-leave-citadel-as-ravelin-unit-is-shuttered-20170202109/
Well-known Citadel executive Jeffrey Runnfeldt has reportedly left the company as its Ravelin long/short equities unit is meshed into another stock-picking division of the $26-billion hedge fund manager.read more
Icahn In Talks To Sell Atlantic City’s Taj Mahal Casino
2016-12-21T07:50:07.870686-05:00https://www.thetrustedinsight.com/investment-news/icahn-in-talks-to-sell-atlantic-citys-taj-mahal-casino-20161221731/
Carl Icahn is in talks with fellow casino operators about selling control of the recently shuttered Trump Taj Mahal, The Post has learned. News of the talks surfaced 24 hours after state legislatures moved to block any chance the activist investor might have had to reopen the casino with non-union workers. âHe is in dialogue with...
Icahn May Be Considering Reopening Or Selling Trump Taj Mahal
2016-10-20T18:25:07.152239-04:00https://www.thetrustedinsight.com/investment-news/icahn-may-be-considering-reopening-or-selling-trump-taj-mahal-20161020008/
Billionaire Carl Icahn’s Atlantic City management team is holding out the possibility of reopening or selling the shuttered Trump Taj Mahal casino, but says a bill pending in the New Jersey Legislature would make it impossible to do either.
Steve Eisman’s Next Big Short Is Hedge Fund Fees
2016-08-19T16:40:26.300586-04:00https://www.thetrustedinsight.com/investment-news/steve-eismans-next-big-short-is-hedge-fund-fees-20160819972/
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....
Laurion Capital Closes $1.1B Macro Fund
2016-07-20T10:42:23.012628-04:00https://www.thetrustedinsight.com/investment-news/laurion-capital-closes-11b-macro-fund-20160720247/
Ben Smith’s Laurion Capital Management has shuttered a large macro hedge fund amid losses this year, and offered investors the option of transferring their capital into one of the manager's other funds. read more
Visium To Shut Four Remaining Hedge Funds As Manager Charged
2016-06-20T14:34:08.770691-04:00https://www.thetrustedinsight.com/investment-news/visium-to-shut-four-remaining-hedge-funds-as-manager-charged-20160620792/
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....
Pain Endures For Hedge Funds As More Are Shuttered Than Started
2016-06-16T14:00:32.538080-04:00https://www.thetrustedinsight.com/investment-news/pain-endures-for-hedge-funds-as-more-are-shuttered-than-started-20160616642/
The number of hedge funds continued to shrink last quarter as wild swings in stocks and commodities battered managers’ performance. More funds shut than started in the first quarter, with 291 liquidated while 206 started, according to data published Thursday by Hedge Fund Research Inc. It was...
Diamondback Receives $6M Refund From U.S. Prosecutors As Newman Impact Continues
2016-06-06T16:01:30.887141-04:00https://www.thetrustedinsight.com/investment-news/diamondback-receives-6m-refund-from-us-prosecutors-as-newman-impact-continues-20160606956/
The office of U.S. Attorney Preet Bharara has agreed to refund $6 million paid by shuttered hedge fund Diamondback Capital Management as part of a 2012 non-prosecution deal rendered essentially invalid by the December 2014 Newman ruling. read more
Another Former Bank Prop Trader Has Left Brevan Howard
2016-05-31T15:30:01.264119-04:00https://www.thetrustedinsight.com/investment-news/another-former-bank-prop-trader-has-left-brevan-howard-20160531567/
James Watson, who was formerly head of swaps trading at Morgan Stanley, has left Brevan Howard after five years....
Encore Makes Progress On Mall Investment Turnaround
2016-05-24T16:30:09.913121-04:00https://www.thetrustedinsight.com/investment-news/encore-makes-progress-on-mall-investment-turnaround-20160524211/
Demolition has started on the inside of the Fashion Mall, once a bustling destination shopping center and now a shell that has sat vacant for a decade.
Myriad Liquidates Japan Reflation Fund As Faith In Abenomics Falters
2016-05-06T12:40:09.039010-04:00https://www.thetrustedinsight.com/investment-news/myriad-liquidates-japan-reflation-fund-as-faith-in-abenomics-falters-20160506005/
Carl Huttenlocher's Myriad Asset Management has reportedly shuttered a hedge fund focused on Japan a little more than twelve months after launch. read more
Inside The Rocky Relationship Of Billionaires Trump And Icahn
2016-05-02T16:22:59.942099-04:00https://www.thetrustedinsight.com/investment-news/inside-the-rocky-relationship-of-billionaires-trump-and-icahn-20160502618/
The shifting dynamic shows how these two merciless capitalists have, over decades of socializing and jousting, formed a more tortuous and even rocky relationship than comes across in their election-year alliance.
As Valeant Tumbles, So Does Bill Ackman’s Hedge Fund Herd
2016-04-28T16:30:09.006614-04:00https://www.thetrustedinsight.com/investment-news/as-valeant-tumbles-so-does-bill-ackmans-hedge-fund-herd-20160428417/
The billionaire investor William A. Ackman has become the unofficial leader of a thundering herd that has lost billions of dollars betting on Valeant Pharmaceuticals over the past year....
Dan Loeb's Hedge Fund Is Biggest Winner in Dan Loeb's Reinsurer
2016-04-12T15:58:09.650959-04:00https://www.thetrustedinsight.com/investment-news/dan-loebs-hedge-fund-is-biggest-winner-in-dan-loebs-reinsurer-20160412832/
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....
NRG Energy Posts $6B Loss
2016-03-09T11:30:14.769258-05:00https://www.thetrustedinsight.com/investment-news/nrg-energy-posts-6b-loss-20160309227/
NRG Energy reported a $6.4 billion quarterly loss on Monday primarily from write downs, including the loss of value of its struggling Texas coal plants. NRG, which is carrying out a restructuring under a new CEO, said Monday it’s slashing its dividend nearly 80 percent.
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...
Craft Beer Brewers Learn To Live With, And Love, Private Equity
2016-03-01T14:55:34.719413-05:00https://www.thetrustedinsight.com/investment-news/craft-beer-brewers-learn-to-live-with-and-love-private-equity-20160301763/
Craft beer is no stranger to private-equity money, but private-equity firms are rarely familiar with craft beer. As the number of U.S. brewers climbs above 4,000, and they start competing for resources, distribution, and shelf and tap space, private equity and beer have become more intimately acquainted.
Elon Making Aussie Miners Happy
2016-02-19T17:06:54.842794-05:00https://www.thetrustedinsight.com/investment-news/elon-making-aussie-miners-happy-20160219256/
The only things hotter than Western Australia's scorched outback are the mining companies preparing to supply the lithium needed by the likes of Nissan and Tesla Motors to meet booming demand for electric cars.
In A Turbulent Market, Hedge Fund Managers Spot An Opportunity
2016-02-19T14:00:12.469158-05:00https://www.thetrustedinsight.com/investment-news/in-a-turbulent-market-hedge-fund-managers-spot-an-opportunity-20160219241/
Stock markets are plunging. The price of oil is in turmoil. And hedge funds just came off their worst year since the peak of the financial crisis in 2008. But Adam Sender, a well-known collector of contemporary art who shuttered his hedge fund two years ago, just got back into the game. He is bucking the trend at a time when the establishment of new hedge funds is sharply lower than a year ago, according to the data provider Preqin. It may seem like an odd time to be landing investments for new hedge funds, but a handful of big-name...
Chris Rokos Said to Raise $3.5 Billion for Macro Hedge Fund
2016-02-01T17:34:01.988413-05:00https://www.thetrustedinsight.com/investment-news/chris-rokos-said-to-raise-35-billion-for-macro-hedge-fund-20160201308/
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....
U.S. 'Alt' Mutual Funds, Pitched For Safety, Carry Risk Of Their Own
2016-01-07T17:30:19.616818-05:00https://www.thetrustedinsight.com/investment-news/us-alt-mutual-funds-pitched-for-safety-carry-risk-of-their-own-20160107242/
Mutual funds pitched to retail investors as hedge funds for the everyman promise to shield them from market gyrations, but many in 2015 proved just as exposed to market risks as their plain-vanilla counterparts. In fact the gap between the best and worst performers among alternative mutual funds has grown so big that picking one might entail risks similar to those that investors seek to avoid.
Hirsch To Close Hedge Fund Seneca After Almost 20 Years
2015-12-30T10:27:58.043522-05:00https://www.thetrustedinsight.com/investment-news/hirsch-to-close-hedge-fund-seneca-after-almost-20-years-20151230925/
Doug Hirsch, one of the founders of the Sohn Investment Conference, is returning money to clients from his hedge fund after almost 20 years. Seneca Capital Investments, which managed about $500 million, is returning most capital by today, according to a client letter obtained by Bloomberg. Seneca, which made wagers on corporate events such as mergers, spinoffs and restructurings, a strategy called event-driven, said it lost 6 percent this year in its...
Why Oil Prices Are Crashing Again
2015-12-22T16:46:40.530095-05:00https://www.thetrustedinsight.com/investment-news/why-oil-prices-are-crashing-again-20151222585/
Consider it a Christmas gift from Saudi Arabia: This morning, AAA reported that the average price of gasoline had fallen below $2 per gallon for the first time since March of 2009, when the U.S. was still smack-dab in the middle of the Great Recession.
Fund Managers Apologise - And Ask For More Money
2015-12-17T14:30:15.596843-05:00https://www.thetrustedinsight.com/investment-news/fund-managers-apologise-and-ask-for-more-money-20151217294/
IT HAS been a bruising year for hedge funds. Not even billionaire managers with sterling records were able to escape heavy losses, and several among them have made the industry's list of worst performers. Some lost so much of their investors' money this year that they have written apology letters.
Battered, Apologetic And Still Pitching Their Hedge Funds
2015-12-16T10:24:29.683565-05:00https://www.thetrustedinsight.com/investment-news/battered-apologetic-and-still-pitching-their-hedge-funds-1-20151216164/
Yet even in this most humbling of years, some of these same hedge funds are soliciting investors for more money and marketing new funds that promise bigger and better opportunities. To go to battered investors with a new moneymaking spiel takes a certain self-confidence that seems second nature to billionaires. Some might even call it chutzpah. Mr. Robbins appeared to acknowledge as much in his letter to investors. “Unfortunately, opportunity often feels like a punch in the face,” he wrote. And that has been the case even as some prominent funds shut down and talk grows about the diminishing luster...
Battered, Apologetic and Still Pitching Their Hedge Funds
2015-12-15T21:05:19.935006-05:00https://www.thetrustedinsight.com/investment-news/battered-apologetic-and-still-pitching-their-hedge-funds-20151215157/
It has been a bruising year for hedge funds. Not even billionaire managers with sterling records were able to escape heavy losses, and several among them have made the industry’s list of worst perfor...
Mining sector defaults likely next year unless radical action taken, ratings agencies warn
2015-12-10T13:41:35.941229-05:00https://www.thetrustedinsight.com/investment-news/mining-sector-defaults-likely-next-year-unless-radical-action-taken-ratings-agencies-warn-20151210845/
There was a moment several months ago when commodities giants including Glencore and Freeport-McMoRan shuttered mines at such a rate that many analysts predicted metal prices were close to bottoming out. Those predictions now look premature.
Gotta give stealthy 128 Technology credit for cleverness on $20M funding filing
2015-12-09T11:25:19.634891-05:00https://www.thetrustedinsight.com/investment-news/gotta-give-stealthy-128-technology-credit-for-cleverness-on-20m-funding-filing-20151209754/
128 Technology, a stealthy software startup that "is on a mission to fix the Internet," has quietly and cleverly filed an SEC form regarding a fresh $20M in funding on, of all days, 12/8.
Khosla Ventures Getting Sued by Miss. - Fortune
2015-12-04T16:54:36.758141-05:00https://www.thetrustedinsight.com/investment-news/how-tech-billionaire-vinod-khoslas-biofuel-dream-went-bad-20151204577/
Drive a couple of hours northeast of Jackson, Miss.—maneuvering past semitrailers piled with timber on highways lined with dense pine forests—and you’ll reach a sprawling structure of metal pipes and towers.
The dark side of 'going green' in China
2015-11-24T15:44:44.120289-05:00https://www.thetrustedinsight.com/investment-news/the-dark-side-of-going-green-in-china-20151124058/
China is trying to clean up its pollution problem after years of promises and a focus on clean, renewable energy. But the problem is complicated with factories there still using dirty energy like coal to produce their solar panels and wind turbines. Meg Teckman reports.
Billionaire Steve Cohen Hiring and Plots Hedge Fund Return
2015-11-24T11:30:14.358224-05:00https://www.thetrustedinsight.com/investment-news/billionaire-steve-cohen-hiring-and-plots-hedge-fund-return-20151124014/
Hedge fund impresario Steven A. Cohen has signaled that he’s looking to expand his trading activities in Asia, the latest indication that the former head of SAC Capital thinks he can return to managing money for outside investors after a series of regulatory issues barred him from the securities business for the past two years, the FOX Business Network has learned. Recruiters have been telling potential new hires that Cohen, who now manages only his own money through a so-called family office named Point72 Asset Management, is weighing whether to add both new traders and support staff in his Asia...
Critics pounce on hedge funds managed by Florida lawmaker
2015-11-17T17:28:41.868231-05:00https://www.thetrustedinsight.com/investment-news/critics-pounce-on-hedge-funds-managed-by-florida-lawmaker-20151117604/
A hedge fund run by Democrat Rep. Alan Grayson is under fire from both conservatives and allies of his Democratic rival, as the Florida lawmaker runs for the Senate seat vacated by GOP presidential hopeful Marco Rubio. Grayson is listed as manager of a trio of interconnected funds created in 2011 after he lost a congressional bid. The funds — two based in the Cayman Islands and another in Delaware — are administered by two U.S. LLCs that he also owns. The wealthy congressman maintains his dealings are above board, and there has been no official finding to the contrary....
One Uranium Mine In Niger Says A Lot About China's Huge Nuclear-Power Ambitions
2015-10-26T14:55:13.474814-04:00https://www.thetrustedinsight.com/investment-news/one-uranium-mine-in-niger-says-a-lot-about-chinas-huge-nuclear-power-ambitions-20151026272/
The odds of finding much of anything seem slim in northern Niger’s unnerving expanses of hazy white desert.
Einhorn: Bullish on KORS, Short Keurig Green Mountain Inc (GMCR)
2015-10-23T11:47:15.310536-04:00https://www.thetrustedinsight.com/investment-news/einhorn-bullish-on-kors-short-keurig-green-mountain-inc-gmcr-20151023229/
InvestorPlaceInvestorPlace - Stock Market News, Stock Advice & Trading Tips David Einhorn sees value in Michael Kors (KORS), and expects more pain for Keurig Green Mountain (GMCR). What's the hedge fund legend's thesis? The post Einhorn: Bullish on KORS, Short Keurig Green Mountain Inc (GMCR) appeared first on InvestorPlace.
Bridgewater's $70 billion 'All Weather Fund' down 6 percent in 2015
2015-10-21T15:25:32.477445-04:00https://www.thetrustedinsight.com/investment-news/bridgewaters-70-billion-all-weather-fund-down-6-percent-in-2015-20151021069/
The $70 billion Bridgewater All Weather Fund, managed by hedge fund titan Ray Dalio, was down 1.9 percent in September and is down 6 percent through the first nine months of the year, three people familiar with the fund's performance said on Tuesday. The All Weather Fund is one of two big portfolios managed by Bridgewater Associates and uses a so-called "risk parity" strategy that is supposed to make money for investors if bonds or stocks sell off, though not simultaneously. Bridgewater is the latest in a series of alternative asset managers that have struggled to...
Bloomberg Markets 50 Most Influential
2015-10-05T18:06:01.231635-04:00https://www.thetrustedinsight.com/investment-news/bloomberg-markets-50-most-influential-20151005080/
They build companies and assemble fortunes. They run banks, or hope to disrupt them. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest. The 50 people in our fifth annual Most Influential ranking are a varied group but have in common extraordinary success in their chosen fields.
Metals feel China pain as rout spreads to other commodities
2015-08-25T14:43:23.268059-04:00https://www.thetrustedinsight.com/investment-news/metals-feel-china-pain-as-rout-spreads-to-other-commodities-20150825221/
Copper and aluminum hit six-year lows, nickel plunged 10 percent and zinc and lead dropped to five-year lows
Bitcoin exchange CEO to face new criminal allegations: media
2015-08-24T18:58:52.612368-04:00https://www.thetrustedinsight.com/investment-news/bitcoin-exchange-ceo-to-face-new-criminal-allegations-media-20150824181/
Police officers carry evidence out of house of Mark Karpeles, the head of defunct Bitcoin exchange MtGox, in Tokyo on August 3, 2015
The Latest Sign That Coal Is Getting Killed
2015-07-13T13:10:11.697509-04:00https://www.thetrustedinsight.com/investment-news/the-latest-sign-that-coal-is-getting-killed-20150713045/
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....
Carlyle’s private equity fund for individuals tops $100 mln
2015-06-29T13:29:07.116386-04:00https://www.thetrustedinsight.com/investment-news/carlyles-private-equity-fund-for-individuals-tops-100-mln-20150629789/
After filing its first Form D for the fund on Nov. 11, Carlyle disclosed nearly $38 million in February and added roughly $20 million a month since then to reach its total as of June 17....
Wind & Solar Energies Catching Up With Nuclear
2014-10-07T17:36:54.969108-04:00https://www.thetrustedinsight.com/investment-news/wind-solar-energies-catching-up-with-nuclear-20141007343/
So, it looks like that “nuclear renaissance” that some analysts have been babbling about for the last several years will have to wait for at least another couple of years — or, more likely, forever. ...
Rhodes Joins Atlas Ventures In Life Sciences
2014-09-29T15:24:07.584172-04:00https://www.thetrustedinsight.com/investment-news/rhodes-joins-atlas-ventures-in-life-sciences-20140929256/
Under Rhodes’ leadership, Epizyme grew from a private, non-equity backed research-stage product platform to a publicly-traded company that has been valued at $1 billion (its current market cap is $894.01 million).
A Look Inside the Koch Brothers' Toxic Empire
2014-09-24T18:39:25.098935-04:00https://www.thetrustedinsight.com/investment-news/a-look-inside-the-koch-brothers-toxic-empire-20140924208/
What is less clear is where all that money comes from. Koch Industries is headquartered in a squat, smoked-glass building that rises above the prairie on the outskirts of Wichita, Kansas. The buildin...
Different Decade, Same Issues
2014-07-23T11:22:11.484348-04:00https://www.thetrustedinsight.com/investment-news/8392-different-decade-same-issues-20140723392/
Emerging Voices features contributions from scholars and practitioners highlighting new research, thinking, and approaches to development challenges. This article is by Evan Axelrad , a recent gradua...
34 New Commodity Funds in May, Lowest since H1 2006
2014-06-25T11:18:26.614854-04:00https://www.thetrustedinsight.com/investment-news/34-new-commodity-funds-in-may-lowest-since-h1-2006-20140625038/
Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-prof...
Schroders’ commodity hedge fund to shut
2014-06-09T10:57:01.723131-04:00https://www.thetrustedinsight.com/investment-news/7767-schroders-commodity-hedge-fund-to-shut-20140609767/
A prominent backer of commodities hedge funds is shutting down after investors frustrated by market doldrums and high management fees took their money elsewhere.