Passive Funds Are No Match For Skilled Active Managers
The weight of articles and fund flows can make it seem like passive funds and ETFs will eventually overrun all active management. Index funds have certainly made great strides but so far are mostly focussed on the low hanging fruit of the most liquid and transparent sectors. The concept that it is very hard to beat the index after fees in large cap US equities is generally accepted.
What Do Apple, Facebook, Alphabet And Hedge Funds Have In Common?
Large cap stocks like Apple Inc. (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), and Alphabet Inc (NASDAQ:GOOGL) enjoy one of the weirdest periods in the history of the stock market.
Venerable Boston Mutual Fund Shuts Doors After 48 Years
BOSTON (Reuters) - One of the mutual fund industry's oldest funds, run by one of its most enduring fund managers, Kenneth Heebner, went out of business last week, when Natixis Global Asset Management...
Relational Investors, $5B Hedge Fund, Closes
Ralph Whitworth’s Relational Investors has officially closed down its activist hedge fund as of December. It no longer owns any stocks. The firm was open for two decades and managed over $6 billion. Relational started shutting down in 2014 when founder Ralph Whitworth announced he was taking a leave of absence to address his throat cancer. While Relational is gone, it won’t be forgotten – known for waging battles at Hewlett-Packard and Home Depot. Ralph Whitworth’s Relational Investors LLC closed out its portfolio in December, marking the end of a firm that was a pioneer in activist investing and once...
NACUBO Is The Hedge Fund Party Over
Although the hedge fund sector has experienced a rough year performancewise there are still opportunities to be had for endowments active in the sector according to a panel discussion during NACUBOs 2016 Endowment and Debt Management Forum held Feb 35 at the Waldorf Astoria in New York City
North America Drives Global PE-Backed Buyout Deal Activity In 2015
Private equity-backed buyout deal activity saw continued growth in 2015, as 3,546 deals were recorded totaling $409bn. This represents an 18% increase on the $348bn of private equity-backed deals in 2014, and it is the sixth consecutive year in which global deal value has increased. These figures are expected to rise by a further 10-20% as more data becomes available.
Valeant Takes Bite Out of More Funds
Recent regulatory filings provide a snapshot of the investors with large stakes in the company who added or sold shares during the third quarter. The filings, in concert with the firmâs share price moves, shed some light on potential paper losses at different funds during the period, but may not capture all trades during the quarter. J.P. Morgan Chase & Co.âs asset management unit, T. Rowe Price Group Inc. and Fidelity Investments were among the 10 largest Valeant shareholders at the end of September, according to S&P Capital IQ. Other large shareholders at the time included hedge fund firm Paulson & Co. and GMO...
Shkreli Is Catalyst As Jana Dumps Valeant Ahead Of Big Drop
Jana Partners’ Jana Master Fund recorded a net loss of 8.2% for the third quarter, according to the fund’s third quarter letter to investors reviewed by ValueWalk. For the nine months to the end of September 2015, the hedge fund started by Barry Rosenstein was down 6.7% compared to a loss of 5.3% for the S&P 500 over the same period. Since inception, (April 2001) Jana has produced a total return of 417.6% or 12.0% annualized compared to 120.5% or 5.6% annualized for the S&P 500 Total Return Index. Jana’s average net exposure during the third quarter was 49%. The fund’s...
Africa Private Equity Insider: A Bubble? Far From it
But buyouts are only one slice of the African private equity market, and funds looking to diversify into Africa have more to worry about than the potential pricing risks posed by their competition. “You always have competition,” Romain Py, executive head of transactions with African Infrastructure Investment Managers, told AFKInsider.
Manager Monday: Roystone Capital Management
Roystone Capital Management is a value-oriented hedge fund founded in 2013 by Rich Barrera, formerly of Redwood and Glenview. The fund invests both long and short in equities and credit. All the below analysis is purely on their long equity book they’re required to publicly file, so does not encapsulate their entire book. Given the asset class profile of Roystone’s investments, and the fact they did not reach sufficient size to file till Q4 2013, this is an important disclaimer. This analysis does not include their first year, and the multi-asset class long/short nature of their portfolio means actual performance and...