Inc., the rural broadband provider that recently lost a legal battle with hedge fund Aurelius Capital Management, is likely to file for bankruptcy by mid-March, a Citibank NA report said Wednesday. In a research note, Citibank analysts David Phipps and Tony Deng said last week's judgment in favor of Aurelius will likely trigger defaults on the company's debt next month. ruled Feb. 15 that Windstream defaulted on its debt when it spun off its fiber-optic business, and the judge also awarded bondholder Aurelius more than $310 million in principal plus interest.
Amid a growing stream of troubling economic news, hedge fund redemptions hit $42.3 billion in December 2018, which makes it the largest monthly outflow in "at least five years," according to the Barclay Fund Flow Indicator, published recently by BarclayHedge, a division of Backstop Solutions, maker of customer relationship management (CRM) software suites for financial services firms. The hedge fund redemptions rose "significantly in December, as nervous investors fretted about stock market volatility, global economic uncertainty, major commodity price downturns and other economic factors," according to BarclayHedge officials.
LONDON, Feb 20 (Reuters) - A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. World economy worries and cost pressures are dampening prospects for a proper recovery in many segments of the shipping sector, which has struggled with tough markets for a decade. Meanwhile European banks, particularly German lenders, are trying to offload distressed and performing loans to the industry which attracts high capital requirements.
IDFC Asset Management Company (AMC) has launched the IDFC India Equity Hedge - Tactical Fund, an AIF Category III offering, which will follow a Tactical Long/Short Equity strategy.
The 9,600-square-foot unit in the West Village sprawls over its three levels with 30-foot ceilings in the entrance. : Hedge funder Steve Cohen and his wife Alexandra have decided to sell their three-level boutique condo in New York's West Village. Cohen, worth an estimated $12.9 billion and No. 36 on Forbes' Billionaires list, is former head of SAC Capital--one of the most successful hedge funds ever, though it eventually had to shut down due insider trader issues. He now oversees Point72 Asset Management, which expanded to managing outside capital in 2018.
Amid a growing stream of troubling economic news, hedge fund redemptions hit $42.3 billion in December 2018, which makes it the largest monthly outflow in "at least five years," according to the Barclay Fund Flow Indicator, published recently by BarclayHedge, a division of Backstop Solutions, maker of customer relationship management (CRM) software suites for financial [...]
Lawrence Sapanski and Richard Schimel could launch their next hedge fund with substantially more capital than originally anticipated.Since word got out in September that the Diamondback Capital co-founders planned to reunite, Sapanski and Schimel have formed a fund-management business called Cinctive Capital. The firm's staff so far includes at least one other Diamondback alumnus: portfolio manager Michael Sedoy.An initial report in The...
Investor optimism spurred by a variety of favourable conditions pushed hedge funds to a solid start in 2019 with a 3.88 per cent return in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
The Eurekahedge Hedge Fund Index was up 2.32 per cent in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index (Local) up 7.36 per cent during the month.