Paul Singer Said To Reopen Flagship Hedge Fund To New Capital
Billionaire Paul Singer is reopening his hedge fund to additional cash to take advantage of upcoming investment opportunities, according to people familiar with the matter. Investors will be able to start committing their money to the multistrategy hedge fund in the second quarter, said one of the people, who asked not to be identified because the information isn’t public. The capital may be put to work within two to three years.
The Top Hedge Funds Of 2016 Share Their Best Bets For This Year
To find out what hedge fund managers are looking out for in 2017, we asked several who topped Bloomberg’s 2016 global ranking of the 50 best-performing hedge funds with more than $1 billion in assets. After riding a jump in equities, oil and high-yield debt in the past year, some of the managers see more opportunity in commodities, energy and corporate debt.
Citadel, Millennium Stage Comeback To Reverse Losses In 2016
In a year marked by poor performance among many major hedge funds, managers from Citadel to Millennium are on the upswing....
Hedge Fund Investors Have Fallen in Love With Merger Arb (Again)
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GSAM: Wide Dispersion Seen Among Liquid Alternatives Last Year
Liquid alternatives largely performed in-line with their private placement or hedge fund counterparts in 2015, according to Goldman Sachs Asset Management’s 2015 Liquid Alternative MAPS Report. Following the extraordinary market turbulence during the second half of last year, the wisdom of taking relatively complicated and/or potentially illiquid alternative investment strategies and placing them within publicly traded wrapper has been increasingly questioned. However, according to Goldman’s research, while absolute performance was underwhelming and return dispersion wide, the company’s five liquid alternative investment (LAI) peer groups - equity long/short, event driven, relative value, tactical trading/macro, and multistrategy - performed well relative to...
Lazard, AMP, Pine River Among Firms Closing Asia Hedge Funds
Lazard Asset Management, AMP Capital and Pine River Capital Management are the latest firms to shutter Asia-focused hedge funds. The asset-management unit of financial firm Lazard Ltd. closed its $9.8 million Lazard Asia ex-Japan Equity Strategy and the Singapore-based portfolio managers have left, the firm said in an e-mailed statement. Separately, the Australian asset manager with roots in real estate and infrastructure has shut down its AMP Capital Asia Quant Fund,...
Hedge-Fund Assets Below $3T For First Time Since 2014
Assets managed by hedge funds globally last month fell to less than $3 trillion for the first time since the industry hit the milestone in May 2014, according to data from eVestment. Investors pulled a net $21.5 billion, the most in the opening month of a year since 2009, while losses led to a $43.2 billion drop in assets under management. The industry managed $2.96 trillion at the end of January....
Richard Perry's Hedge Fund Said To Short Investment-grade Bonds
Perry Capital, a $10 billion New York-based multistrategy hedge fund led by Goldman Sachs alum Richard Perry, is making a $1 billion bet against investment-grade corporate bonds, according to The Wall Street Journal. For the trade, the fund purchased credit-default swaps on the bonds at a cost of about $10 million a year, the report said.
Bearish views abound at elite hedge fund conference
Professional money managers gathered at an elite Morgan Stanley investment conference in Palm Beach, Florida this week expressed a range of pessimistic market views, including so-called bearish takes...
Hedge Fund Starts in Asia Drop to 14-Year Low in Turbulent Year
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