Hedge Fund Job Cuts Are A Reminder Why People Stay At Banks
Hedge funds are not immune to cutting staff. Their tendency to "stop" people who make losses above a tolerable level has long been documented, but that's not all. Like banks, they also have periodic culls of under-performers. It's just that the hedge fund culls seem a bit more aggressive. Get Morning Coffee ☕ in your inbox. Sign up here.Brevan Howard, for example, did some wild hiring last year, seemingly increasing its staff by 40% in a six-month period. Now it's trimming them back in what Bloomberg describes as an instance of a "twice year review."
Hamilton Zanze Announces Promotion Of Jay Snover To Managing Director Of Affiliate Graham Street Realty
Increased Responsibilities Will Include a Leading Role in Portfolio Management
SAN FRANCISCO, March 14, 2024 /PRNewswire/ -- Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, announced today that Jay Snover has been promoted to managing director of affiliate Graham Street Realty. Snover previously served as the company's senior director. Snover will continue to guide acquisition strategy, oversee capital formation and source deals for Graham Street Realty, which owns and operates commercial offices and multi-tenanted industrial properties.
Seletar Mall Sold For $550M To Allgreen Properties | The Straits Times
March 07, 2024 1:05 PMThe mall was owned by Cuscaden Peak Investments and United Engineers. :
SINGAPORE – Allgreen Properties has bought The Seletar Mall from Cuscaden Peak Investments and United Engineers for $550 million. The announcement on March 7 confirms a report by The Business Times in January 2024 that Allgreen was in exclusive due diligence to buy the mall, which is located in the Sengkang West area. The addition of The Seletar Mall will diversify Allgreen’s presence in the retail landscape as it moves into the heartland, said Mr Tho Leong Chye, managing director of Allgreen.
Seletar Mall Sold For S$550 Million To Allgreen Properties , Property - The Business Times
ALLGREEN Properties has bought The Seletar Mall from Cuscaden Peak Investments and United Engineers for S$550 million. :
ALLGREEN Properties has bought The Seletar Mall from Cuscaden Peak Investments and United Engineers for S$550 million. The announcement on Thursday (Mar 7) confirms a report by The Business Times in January 2024 that Allgreen was in exclusive due diligence to buy the mall, which is located in the Sengkang West area. The addition of The Seletar Mall will diversify Allgreen’s presence in the retail landscape as it moves into the heartlands, said Tho Leong Chye, managing director of Allgreen.
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.
Jp Morgan Oems Neovest Acquires Layerone Financial To Bolster Hedge Fund Offering
Acquisition will allow the Neovest OEMS to offer hedge fund clients integrated execution, order, and portfolio management services through a unified platform. The post JP Morgan OEMS Neovest acquires LayerOne Financial to bolster hedge fund offering appeared first on The TRADE.
Ria Roundup: Onedigital Picks Up $1.3B Firm In 9 States
Featured in this week’s deal roundup: OneDigital, Carson Wealth, SteelPeak Advisors and affiliates of Kestra PWS and Focus Financial. :
OneDigital Investment Advisors, the RIA arm of “tech-enabled” insurance, talent and financial advisory firm OneDigital, added a 44-person team managing about $1.3 billion for 2,000 households. With 30 locations in nine states—California, Arizona, Utah, Colorado, Oklahoma, Texas, Ohio, Tennessee and Florida—WealthSource Partners is led by CEO Bryan Sullivan, Chief Financial Officer Eric Patton and Chief Business Development Officer Jon Dubravac. The trio came together in 2015 when Sullivan merged his planning-focused practice with Patton and Dubravac’s “state-of-the-art” technology stack.
Invest Like Warren Buffet With This Hack - Realty Income (nyse:o)
The investment allure of Realty Income Corporation (NYSE:O), often celebrated as “The Monthly Dividend Company,” offers a distinctive investment proposition in the commercial real estate sector with a dividend yield of 5.6%. The company’s investment strategy focuses on freestanding, single-tenant properties under long-term, net lease agreements. This unique model is particularly resilient, tapping into a diverse range of industries such as retail, industrial, and agriculture, making Realty Income a strong choice for investors seeking stable, growth-oriented returns. Don't Miss:
Investing in real estate just got a whole lot simpler.
Launchbay Capital Raises $100M Vc Fund For Secondary Growth Investments
Launchbay Capital announced the first close of funding for its $100 million venture capital secondary growth fund. :
Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Launchbay Capital announced the first close of funding for its $100 million venture capital secondary growth fund. This means that London-based Launchbay Capital has more than $300 million under management. It’s a bit of good news despite the gloom around the downward trend for venture investing.
White Falcon Capital Q4 2023 Partner's Letter
While individual client returns may differ based on their inception dates, consolidated performance of all accounts for the period ending December 31, 2023 is as follows: We were able to achieve a reasonably good result in 2023 on both an absolute and relative basis. We were helped by the contribution of technology companies in the portfolio as well as the take-out of two portfolio companies - Diversey and Rover - during the year. We like our current portfolio holdings and are optimistic about their potential for further gains.