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Northern Trust: 'Slow Growth Angst' To Drive 5-Year Returns

Aug 16 2016 | 12:56am ET

 New research from global asset manager Northern Trust shows the firm expects most investments to generate single-digit positive returns over the next five years, predominantly due to slow economic growth and persistent low interest rates.

Described in the research as “slow growth angst”, the concern is one of six key themes profiled in the company’s  annual five year market outlook.

 

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Preqin: 1H/16 Outflows $34B; Hedge Fund Industry Assets Dip to $3.11T

Aug 26 2016 | 7:14pm ET

Outflows from the hedge fund industry totaled $34 billion through the first half of this year, according to leading data provider Preqin, bringing total industry assets down to an estimated $3.11 trillion from the $3.14 trillion at the end of 2015. 

Fisch Asset Management Names Zwick Chief of Convertibles Team

Aug 25 2016 | 11:48pm ET

Swiss convertible bond specialist Fisch Asset Management has promoted Stephanie Zwick to head of its converts team and brought former Muzinich & Co senior credit analyst Filip Adamec aboard as a portfolio manager. 

LMR's Manuel Planning New Global Macro Hedge Fund

Aug 25 2016 | 11:29pm ET

LMR Partners co-founder Andrew Manuel is reportedly planning to launch a new global macro fund as the alternative investment strategy regains popularity after a brutal 18 months. 

Turner Investments Hires Perrucci to Lead Fixed Income Efforts

Aug 25 2016 | 10:34pm ET

Turner Investments has named Stefania Perrucci as global head of fixed income ahead of the company’s anticipated launch of a series of fixed income, credit, and absolute return investment strategies. 

ESL Investments Lends Sears $300M for 'Transformation'

Aug 25 2016 | 10:19pm ET

Embattled retailer Sears Holdings has disclosed new debt financing of $300 million from billionaire CEO Ed Lampert's ESL Investments hedge fund, as the company posted another quarterly loss. 

JPMorgan Hires Ogawa for Japanese Equities Role

Aug 25 2016 | 10:02pm ET

JPMorgan Chase has hired former Evolution Japan executive and hedge fund manager Shinji Ogawa to lead its Japanese equity sales.  

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In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing has led to a wide range of innovative strategies, platforms and products in the alternatives space. Bob Press, founder and CEO of alternative lending firm TCA Fund Management Group, explains the rationale behind his new small-cap private equity fund, which takes a hybrid approach between short-term, senior-secured credit and a traditional private equity model.

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    Trade Secrets

    Due Diligence Beyond The Tear Sheet

    Aug 12 2016 | 10:02am ET

    For prudent investors, the ubiquitous tear sheet is ground zero for any further investigation of a fund; the more impressive they are, the more questions they raise. In our inaugural Trade Secrets column on due diligence, we look at a Brazilian direct lending fund whose tear sheet promotes performance that would make any investor sit up straight, including 100% positive months, a Sharpe ratio of 16.7, no drawdowns, and weekly liquidity. But is all as it seems?

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