Exploring Different Credit Hedge Fund Strategies
Credit hedge funds invest across a variety of debt instruments in pursuit of attractive absolute and risk-adjusted returns. Credit shares a similar trading approach to other specialized hedge fund strategies, such as long/short equity and event-driven, but is applied to various fixed-income instruments including bank loans, corporate, municipal and government bonds, distressed debt, and securitized credit. CREDIT HEDGE FUND STRATEGY OVERVIEW
There are three main types of credit hedge fund strategies: Long/Short, Securitized, and Distressed.
Real Assets: Poised To Excel In 2024 | Portfolio For The Future
By Marc Dummer, CAIA, CIMA® - Managing Director & Client Portfolio Manager; May Tong, CFA, Managing Director and Portfolio Manager, Asset Allocation; Jessica Bush, CFA, Portfolio Manager, and Ben Rotenberg, CFA, CAIA, Portfolio Manager at Principal Asset Management.
Ares Capital: The Bdc Market Leader Is Strong And Still Cheap (upgrade) (nasdaq:arcc)
Ares Capital (NASDAQ:ARCC) is one of the market's leading business development companies or BDC. It has a well-diversified portfolio in direct lending and a relatively small exposure in equity investments. Ares Capital's portfolio comprises mostly floating-rate securities, accounting for 69% of its portfolio fair value. Hence, the BDC has capitalized on the rapid interest rate hikes to drive its core EPS. In addition, Ares Capital's higher "defensive" exposure in software and healthcare helps the company avoid the cyclical uncertainties linked to industries such as oil and gas, hotels, and gaming.
New York Community Bancorp, Inc. Closes Over $1B Equity Investment Strengthening Balance Sheet And Liquidity Position -march 11, 2024 At 08:32 Pm Edt | Marketscreener
(marketscreener.com)
Former Treasury Secretary Steven Mnuchin, Incoming CEO Joseph Otting, Milton Berlinski, and Allen Puwalski Appointed to NYCB Board of Directors
HICKSVILLE, N.Y., March 11, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. announced today it completed the previously announced transactions resulting in individual investments aggregating to...https://www.marketscreener.com/quote/stock/NEW-YORK-COMMUNITY-BANCOR-13861/news/NEW-YORK-COMMUNITY-BANCORP-INC-CLOSES-OVER-1-BILLION-EQUITY-INVESTMENT-STRENGTHENING-BALANCE-SHEE-46145176/?utm_medium=RSS&utm_content=20240311.
Times Change: The Era Of The Private Equity Denominator Effect | Cfa Institute Enterprising Investor
How can investors address the denominator effect in private equities? :
After private equity’s extraordinary performance in 2021, private market valuations decoupled from those of both public equities and bonds in 2022. This led many institutional investors to end up over-allocated to private markets. This is the so-called denominator effect, whereby private asset allocations exceed the percentage threshold established in an allocation policy and must be corrected. The simultaneous negative cash flow cycle has reduced anticipated liquidity that latent paper portfolio losses in traditional assets have already compressed. This makes portfolio adjustment decisions even more challenging.
Bnp Paribas Asset Management Launches Second Vintage Of Agility Private Equity Fund
BNP Paribas Asset Management (‘BNPP AM’) announces the launch of BNP Paribas Agility Co-Invest Fund 2 SLP1 (‘Agility 2’), a Fonds Professionnel Spécialisé (‘FPS’) authorised by the French Autorité des Marchés Financiers (‘AMF’). This is the second vintage of BNPP AM’s European Private Equity co-investment strategy, after the full deployment of BNP Paribas Agility Fund, a EUR 739 million co-investment fund raised over 2020 and 2021. Agility 2 aims to build a resilient and diversified portfolio of 30 to 50 minority equity investments across a wide range of industries and with a pan-European focus.
White Wolf Capital Group, Inc. ("white Wolf") Announces The Launch Of Its First Exchange Traded Fund - Whitewolf Publicly Listed Private Equity Etf (ticker: Lbo)
White Wolf announces the launch of its first exchange traded fund, WHITEWOLF Publicly Listed Private Equity ETF (the "Fund" or "LBO"). LBO was made available for trading on the Chicago Board Options Exchange (CBOE) on November 30, 2023. MIAMI, Dec. 6, 2023 /PRNewswire-PRWeb/ -- White Wolf...
Baron Partners Fund Q3 2023 Shareholder Letter
After a solid first half of the year, Baron Partners Fund® (the Fund) declined in the most recent quarter. The Fund fell 7.17% (Institutional Shares) and trailed both the Russell Midcap Growth Index, its primary benchmark (the Benchmark) and the S&P 500 Index during the quarter. Those two indexes declined 5.22% and 3.27%, respectively. The Morningstar Large Growth Category average (the Peer Group) declined 3.59%. * The Fund remains considerably ahead of the Benchmark, the S&P 500 Index, and the Peer Group since the start of the year. Year-to-date, the Fund has appreciated 32.36%.
Citadel, Millennium, Or...? Life At The Big Multistrategy Hedge Funds
Once it was Goldman Sachs. Then it was hedge funds built around talented individual managers like Paul Marshall, the British hedge fund manager angling to become a media mogul. Now it's the big multistrategy hedge funds. In 2023, the multistrategy funds are the most prestigious and often the most lucrative places to work in finance. They're expanding fast: as we reported in April, some of the biggest funds (in order of size) - Millennium, Citadel, Point72, and Balyasny - now employ a combined 11,595 people.
Oxford’s Saïd Business School Hosts African Venture Capital Leaders For Impactful ‘africa Venture Finance Programme
(IN BRIEF) The University of Oxford’s Saïd Business School recently played host to 42 prominent African and Africa-focused venture capital (VC) fund managers as part of the ‘Africa Venture Finance Programme.’ This event, organized by the European Investment Bank’s Boost … Read the full press release →