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ibtimes.co.uk April 25, 2017

Meet Paul Singer: The Billionaire Activist Investor Taking On BHP Billiton

Wall Street hedge fund manager has form when chasing high returns from distressed debt to corporate takeovers.
Read by 71% of LPs

afr.com April 12, 2017

Inside Paul Singer's Elliott Management stalking BHP Billiton

If hedge fund Elliott Management's activist investor play book is any guide, BHP Billiton's board and chief executive Andrew Mackenzie may need to brace for an arduous tussle over the elaborate overhaul demands the New York firm has sprung on the iconic Australian resources giant.
Read by 52% of LPs

feedproxy.google.com January 12, 2017

U.S. Prosecutors: Visium Asset Management PM Inflated Distressed Debt Values

Former Visium Asset Management portfolio manager Stefan Lumiere improperly sought to boost the value of the hedge fund's distressed debt holdings, defrauding investors while enabling the investment firm to earn millions in fees, U.S. prosecutors alleged in court Wednesday - a charge the defense denied.read more
Read by 56% of LPs

valuewalk.com January 10, 2017

Distressed Debt Hedge Funds Were Best Performing Strategy For 2016

Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as the Trump-driven reflation theme buoyed markets in a somewhat ‘honeymoon’ period post-election. The S&P 500 Index gained 1.82% during the month, with the DJIA also up 3.34%. Indeed, central bank actions in the developed world outside of the US have helped to mediate year-end jitters to some extent. The ECB and...
Read by 56% of LPs

finalternatives.com January 06, 2017

Ares Management Vets Said To Form New Private Equity Firm

Two former Ares Management LP private equity executives have joined forces to form a new firm called LightBay Capital focused on middle-market buyouts and distressed debt investments, according to people familiar with the matter.
Read by 52% of LPs

nypost.com December 21, 2016

One Hedge Funder Stands Out As Rough 2016 Comes To A Close

In an another tough year for hedge funds — where the industry was forced again to defend its high fees and generally underwhelming returns — Jason Mudrick’s $1.4 billion Distressed Opportunity fund is putting the finishing touches on a dramatic turnaround. After finishing 2015 down 25 percent, Mudrick’s distressed debt fund is up nearly 40...
Read by 72% of LPs

December 16, 2016

10 Most Important Reads Of The Week - Dec 16, 2016

<p>The week of Dec. 12 has been a busy one. Bill Gates and a slew of other high-profile investors are creating a $1 billion green energy fund. Trusted Insight profiled how Mark Canavan largely avoided the fallout of the financial crisis and how that led him to generate stellar returns upon joining the New Mexico Educational Retirement Board.&nbsp;Trusted Insight also named the top 30 family office investors in 2016, including an exclusive interview Asher Noor, chief investment officer&nbsp;of the AlTouq single-family office. And that&#39;s just a sneak peak of this eventful week in institutional investing.</p>
Read by 42% of LPs

December 15, 2016

How I Avoided The Financial Crisis, Earned 50% Net IRR | Mark Canavan, New Mexico Educational Retirement Board | Exclusive Q&A - Part 2

Before Canavan pioneered institutional investments&rsquo; charge into a new definition of investing in real assets at New Mexico ERB, he helped his previous employer, the New Mexico Treasurer&rsquo;s Office, avoid the mistakes that crippled institutions across the world &ndash; the prevalence of low-quality asset-backed securities. This is part two of our conversation with Canavan.&nbsp;&nbsp;
Read by 40% of LPs

chinamoneynetwork.com October 19, 2016

Distressed Debt Firm DCL Investments Raises $500M Debut Fund

Beijing-based distressed asset manager DCL Investments, a spin-out from China-focused distressed debt firm Shoreline Capital, has raised over RMB3.7 billion (US$500 million) for its debut fund.&nbsp;
Read by 63% of LPs

valuewalk.com September 13, 2016

Hedge Funds Flat In August, Up 2.50% Year-To-Date

Hedge funds were flat to marginally negative at 0.06% during the month of August1 with much of this weakness led by underlying CTA/managed futures and macro mandated hedge funds. On the other hand, underlying markets as represented by the MSCI World Index (Local) were up 0.48%. Close to 60% of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equity mandated. Asia ex-Japan hedge funds led performance among regional mandates this month, up 1.24% while distressed debt managers topped the table across strategies, gaining 1.77% over...
Read by 71% of LPs