Hedge Fund Strategy
BNY Hedge Fund Whitepaper: ‘Filling the Void: Transparency and the Rise of Custodian Banks’
In a new opinion piece, BNY Mellon CEO of Alternative and Broker-Dealer Services Brian Ruane argues that recent industry and economic events will see custody banks continue to play a larger role providing services to hedge funds that previously were the sole domain of prime brokers. The paper, ‘Filling the Void: Transparency and the Rise [...]
UK ‘New Turtles Traders’ Experiment Launched
The biggest London trading experiment started this week when 20 traders hand-picked from over 10,000 applicants place their first live trades in the markets. Thirty-five year market veteran Mike Baghdady is backing his apprentices to the tune of £100,000 each ($157,000), and allowing them to keep a proportion of their winnings. “All new turtles have already [...]
Hedge Fund Tech: Broadridge Acquires Paladyne Systems
Global capital markets technology services company Broadridge Financial Solutions has acquired hedge fund solutions provider Paladyne Systems for approximately $76.5 million. “The acquisition of Paladyne will significantly expand Broadridge’s position as a service provider to buy-side clients,” Richard J. Daly, Chief Executive Officer at Broadridge, said. “Buy-side firms purchase nearly 40% of capital markets technology and [...]
Director/Head of Investors at the World Economic Forum Joins SkyBridge
Global hedge fund firm with a total of approximately $8 billion in assets under management, SkyBridge Capital, has strengthened its worldwide operations with the addition of Max von Bismarck as a partner and CEO of the firm’s international operations. Previously director and head of investors at the World Economic Forum, Mr. von Bismarck is based in Zurich, Switzerland. He has oversight of [...]
Final Close On $530 Million Tennenbaum Hedge Fund
Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. With capital commitments of $530 million from new and existing limited partners, the fund will focus on discounted and debt-for-control oriented market opportunities as well as complex, directly-originated financings. “The successful fundraising stems [...]
Mastering The Machine, A New Yorker Review
In the July 25, 2011, issue of The New Yorker, in “Mastering the Machine”, John Cassidy talks to Ray Dalio and gets an exclusive look inside Bridgewater Associates, the world’s biggest hedge fund, of which Dalio is the founder. Dalio, in the tradition of George Soros and Julian Robertson—famous speculators who ranged across markets—is a “macro” [...]
Swedish Hedge Fund Launch: DnB NOR Global Energy
Stockholm based hedge fund manager, Carlson Fund, has launched a Global Energy fund. The fund invests in traditional energy companies globally, emerging markets included. Prime investment targets are oil and gas companies as well as in the service industry. Lill Evanger Aafos and Aliya Orazalina will be managing the fund. They have 28 years of [...]
The Carlyle Group to Purchase 55% Stake in Emerging Sovereign Group
$106.7 billion global hedge fund manager The Carlyle Group has agreed to purchase a 55% stake in $1.6 billion Emerging Sovereign Group (ESG), a New York-based emerging markets equities and macroeconomic strategies investment manager, in exchange for cash, an ownership interest in Carlyle and performance-based contingent payments. “Emerging markets is a core competency of Carlyle’s corporate [...]
Derwent Launches Europe’s first Social Media Hedge Fund
London based investment boutique, Derwent Capital Markets, yesterday launched the highly anticipated “Twitter” hedge fund. The fund, domiciled in the Cayman Islands, will be Europe’s first to utilise sentiment derived from real-time social media data analysis. “For years investors have widely accepted that financial markets are driven by fear and greed but we’ve never before [...]
“Top-tier Republican Donor” Backs NY Same Sex Marriage
A group of three hedge fund managers, Paul E. Singer, a “top-tier Republican donor,” Steven A. Cohen and Clifford S. Asness have decided to back, financially and otherwise, the establishment of same-sex marriage in the state of New York, the New York Times reported. Some comments in the Times include: – “An unexpected source: a [...]
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