Opalesque Exclusive: Interest rates and US election are swaying hedge funds... [more]B. G., Opalesque Geneva: In anticipation of the 2024 U.S. presidential election and the expected continuation of a high-interest rate environment, hedge fund managers who participated in a recent survey said they were planning bold moves to mitigate risk and maximise alpha potential.
The hed
2024 signals rebounding US private equity M&A deal volume... [more]Laxman Pai, Opalesque Asia: 2024 US corporate M&A deal volume will increase by 20% and US private equity (PE) M&A deal volume will be up 16%, according to a study.
The EY-Parthenon Deal Barometer, which incorporates the latest EY Macroeconomic outlook, indicates that US PE deal volumes are lik
Opalesque Roundup: Hedge funds ramped up their selling of financial stocks: hedge fund news... [more]In the week ending May 17th 2024, Goldman Sachs Group Inc.'s prime brokerage desk revealed that hedge funds ramped up their selling of financial stocks as US economic growth shows signs of weakness and the sector approaches a key technical level. Despite financials notching their best weekly gain of
Who are the richest hedge fund managers in the UK?... [more]From Financial News: BlueCrest Capital Management's co-founder Michael Platt and TCI Fund Management's Chris Hohn are the UK's wealthiest hedge fund managers, according to The Sunday Times' rich list.
Platt, who has led BlueCrest Capital Management for more than two decades, has a fortune of GBP
Bond yield volatility has fund managers overhauling trading strategies... [more]From Financial Post: Old-school bond investors are showing that it's not just the fast-money crowd who can thrive in this volatile new era.
Long a staid, reliable place where money managers parked retirement savings, government bonds are now among the most unpredictable in the investment world.
New Launches: abrdn to close Multi-Asset Climate Solutions fund after failure to build scale... [more]From Investment Week: abrdn is closing its Multi-Asset Climate Solutions (MACS) fund after it failed to attract sufficient investor interest, according to people familiar with the matter.
The strategy, which currently holds about GBP10.6m in assets under management across 161 holdings, reached i
People: Barclays' up-and-coming 28-year-old trader quit unexpectedly for something very different... [more]From eFinancial Careers: Stefano Murdaca might have been expected to stay at Barclays. Since joining the British bank as a summer intern five years ago, sources say he'd distinguished himself and was seen as up-and-coming talent on the European government bond (EGB) trading desk.
Not anymore. Mu
Currency: Hedge funds play a weak Japanese yen... [more]From Reuters: Pressure on Japan to prop up a weak yen may have ebbed, but currency weakness remains a headache for Tokyo.
The yen is down 9.4% against the dollar so far this year, and looks set for a fourth year of declines. That's created a two-speed economy, with exports and tourism benefiting
Tech: Asset owners look to artificial intelligence for better climate reporting... [more]From Asian Investor: Machine learning, among other AI applications, is expected to be the key to improving the carbon reporting capability of companies and their investors.
As investors continue to grapple with the complexities of carbon emissions reporting, it is becoming clear that artificial
US hedge funds test the waters in Ukraine warzone... [more]From Bloomberg: Odesa is an unlikely place for a tussle between creditors and borrowers. Ukraine's third-largest city and a key Black Sea gateway for one of the world's largest grain producers, Odesa's harbor has regularly been targeted by Russian shelling since its 2022 invasion.
In early Marc
Asia: Hedge fund Ghisallo opens HK office with help from ex-UBS banker... [more]From Bloomberg: Ghisallo Capital Management is opening a Hong Kong office with help from former UBS Group AG banker Carlo Agostinelli, an increasingly rare example of a hedge fund firm expanding to the city.
The Boston, Massachusetts-based firm that oversaw $3.4 billion at the end of 2023 incor
And, finally: Religion 2.0... [more]From NY Post: "Father Justin," an AI priest created by Catholic Answers, a Christian group in San Diego, was defrocked on April 24 after claiming to users that he was a real member of the clergy and performing sacraments, the New York Post reported. Holy Justin told users he was a priest in Assisi,
Criminals continue to fleece high net-worth individuals and family offices through sophisticated scams that involve elaborate presentations, fake companies and websites, and fraudulent documents that appear credible.
We've documented three cases that describe the highly sophisticated, complex structures and cunningly designed processes which ultimately lead to straightforward investment fraud. This has
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