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.
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.
A New Breed Of Sovereign Wealth Fund Is Emerging From Nations In Deep Debt
Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging – in countries with large deficits and deep debt. Sovereign wealth funds (SWFs), which first emerged in the 1950s, are traditionally associated with huge financial firepower. They control about $6.5 trillion, according to data provider Preqin, and have transformed the global investment landscape by snapping up stakes in multinational companies and landmark real estate in cities from London to Melbourne.
Hedge Funds Enter 2017 On Positive Note With 0.84 Gains
Among regional mandates, Latin American hedge fund managers topped the tables, gaining 3.47% while event driven managers posted the best returns, up 1.95% among strategic mandates. Financial markets ...
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
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...
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.
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...
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. Trusted Insight also named the top 30 family office investors in 2016, including an exclusive interview Asher Noor, chief investment officer of the AlTouq single-family office. And that's just a sneak peak of this eventful week in institutional investing.</p>
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’ charge into a new definition of investing in real assets at New Mexico ERB, he helped his previous employer, the New Mexico Treasurer’s Office, avoid the mistakes that crippled institutions across the world – the prevalence of low-quality asset-backed securities. This is part two of our conversation with Canavan.