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April 07, 2020

The Public Employees Retirement Association Of New Mexico Focused On 'Innovative And Creative Structures' | LeAnne Larrañaga-Ruffy, Director Of Equity/Co-Head Of Alpha | Q&A

LeAnne Larrañaga-Ruffy is the Director of Equity/Co-Head of Alpha at the Public Employees Retirement Association of New Mexico and oversees the Global Equity portfolio which is approximately $5.5 billion and includes liquid and illiquid assets. In this interview, LeAnne discussed why it's an exciting time to be a team member at PERA; seeking innovative and creative structures that will enhance value within the fund; and handling the economic impact of COVID-19 across all asset classes within the portfolio.
Read by 79% of LPs 4 minutes ago

Billionaire Paul Singer Warned Of Coronavirus Well Before Us Officials

Hedge fund billionaire Paul Singer warned of the coronavirus' effects long before many US officials. In a memo reported on by Bloomberg News, Singer told his staff on February 1 to prepare for lengthy quarantines. The Elliott Management founder also warned of asymptomatic spread before some leaders appeared to be aware of the dangers. Visit Business Insider's homepage for more stories. Paul Singer, billionaire founder of the $40 billion Elliot Management hedge fund, apparently warned his staff of the coronavirus' ramifications well before many other leaders appeared concerned.
Read by 49% of LPs 8 minutes ago

Leverdata Appoints Hedge Fund Industry Leaders Mike Deaddio And Siew Kai Choy To Its Advisory Board

NEW YORK--(BUSINESS WIRE)--LeverData, a leading financial technology company that provides data ingestion, validation, and ongoing management solutions for corporations and financial services firms, announced today that long-time hedge fund executive Mike DeAddio, formerly of WorldQuant, Citadel and MIT, as well as former Managing Director for GIC, Siew Kai Choy, have joined the firm's Advisory Board. Messrs DeAddio and Choy join LeverData amid accelerating client demand for the firm's services.
Read by 43% of LPs 8 minutes ago

If College Football Suffers, Other Sports On Campus Will Also Suffer

The college football season is in jeopardy. That means other sports on campus are in jeopardy, like it or not.
Read by 45% of LPs 8 minutes ago

Universe Holdings Closes $26M Los Angeles Portfolio Deal

The firm acquired three properties totaling 122 units in the Granada Hills submarket. : Universe Holdings has purchased a three-property portfolio in Granada Hills, Calif., for $25.5 million. The properties included in the deal are: the 38-unit Devonshire Apartments, the 56-unit Boardwalk and Park Place and the 28-unit Granada Pine Apartments. The communities came online in the 1960s and have not seen significant upgrades over the last several decades. Universe plans to invest $2.7 million in rebranding and capital improvements at all three properties.
Read by 39% of LPs 9 minutes ago

Kevin Thimjon Joins Core Bts As Cfo

NEW YORK--(BUSINESS WIRE)--Core BTS (Core), a national technology solution and managed services provider recently added Kevin Thimjon as chief financial officer. As CFO, Thimjon will oversee Core's financial strategy to drive growth, profitability, cash flow generation and equity value creation. Thimjon is an experienced financial executive with a demonstrated history of successfully collaborating with CEOs to create shareholder value. His broad experience includes key leadership roles in publi.
Read by 66% of LPs 19 minutes ago

Why Emerging Markets Hedge Funds Face "uneven Recovery" After Covid-19 Shock

9th Apr 2020 - 3:55pm Why emerging markets hedge funds face "uneven recovery" after Covid-19 shock Submitted 09/04/2020 - 3:55pm Hedge funds trading emerging markets strategies face major dispersion in their assets, as the impact of Covid-19 - and the resulting government responses - diverges sharply across different regions and countries. New analysis by Lyxor Asset Management this week pointed to "uneven recovery prospects" across different EM countries and markets following the pandemic, stemming from various factors including differing regional responses to the crisis, business cycles, government support for economies, and reliance on oil markets, among other things.
Read by 79% of LPs 19 minutes ago

Paul Singer's Hedge Fund Saw It Coming - The New York Times

The billionaire warned employees of his Elliott Management hedge fund two months ago that they should prepare for a monthlong quarantine -- well before New York mandated a lockdown, Bloomberg's Katia Porzecanski reported. Mr. Singer sent an internal memo on Feb. 1 that employees in the firm's offices around the world should "try to make arrangements so that you do not have to leave your home for a month if that becomes necessary." (The Elliott founder is known for being cautious about anything that could affect the markets, including solar storms.)
Read by 78% of LPs 19 minutes ago

Bloomin' Brands, Jana Partners Agree To Nominate Two New Directors | News

(Reuters) - Bloomin' Brands Inc and Jana Partners said on Thursday they have agreed to add two new independent directors to the Outback Steakhouse owner's board, months after the activist hedge fund pushed for changes due to struggling restaurant sales. Scott Ostfeld, a partner and portfolio manager at Jana, and John Gainor, a corporate director with experience in the casual dining market, have been nominated, the companies said in a joint statement. The New York-based hedge fund owns about a 9% stake in Bloomin' Brands, making it the third biggest shareholder, according to Refinitiv data.
Read by 60% of LPs 39 minutes ago

Covid And The Count: Funders Confront New Challenges To The 2020 Census -- Inside Philanthropy

In a stroke of bad luck, COVID-19 struck just as the Census Bureau began its decennial count of the U.S. population, disrupting years of careful planning. Here's how funders and ground-level organizers are working to get keep things on track.
Read by 68% of LPs 59 minutes ago

Bugcrowd Raises $30M In Series D To Expand Its Bug Bounty Platform - Techcrunch

Bug bounty and vulnerability disclosure platform Bugcrowd has raised $30 million in its Series D funding round. The San Francisco-headquartered company said the round brings the total amount raised to $80 million since the company was founded in 2011. This latest round was led by Rally Ventures, which previously invested in the startup. Bugcrowd acts [...]
Read by 33% of LPs