Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. 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 more
Read by 60% of LPs 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 55% of LPs 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 51% of LPs 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 31% 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 65% 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 56% of LPs 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 52% of LPs 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 46% of LPs August 25, 2016

Emerging Markets-focused Hedge Fund ESG To Separate From Carlyle

A general view of the lobby outside of the Carlyle Group offices in Washington, U.S. May 3, 2012. REUTERS/Jonathan Ernst/File Photo (Reuters) - The partners of Emerging Sovereign Group LLC (ESG) have agreed to buy back the majority stake in the emerging markets-focused hedge fund manager that was acquired by Carlyle Group LP in 2011, Carlyle said on Wednesday. The move comes as Carlyle has chosen to focus more on credit-oriented investment strategies, such as direct lending, distressed debt and collateralized loan obligations, while ESG has remained an equities-focused hedge fund firm. ESG was founded in 2002 by former Morgan...
Read by 77% of LPs August 11, 2016

Patriarch Founder In Court For $2.5B Distressed Debt Fund 'Shell Game'

An embattled investor, nicknamed the &quot;Diva of Distressed&quot;, was in a Delaware court on Wednesday to testify against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year.
Read by 58% of LPs