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Lyxor: High Dispersion of Manager Returns During Market Panic

Aug 31 2015 | 6:36pm ET

 The deflation and growth scares morphed into a vicious cycle last week, according to Lyxor Asset Management’s latest weekly briefing covering the period 18 August to 25 August – i.e. during the worst of the recent market volatility.

Lyxor observed high dispersion among managers’ returns, particularly among global macro funds, and multiple trading anomalies. This was especially the case on the 24th, suggesting that systematic and algorithmic trading amplified the sell-off.

 

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Newfleet Asset Management Launches New Multi-Sector Unconstrained Bond Fund

Sep 4 2015 | 7:15pm ET

Newfleet Asset Management has launched a new liquid-alternative unconstrained bond ETF on Virtus’s ETF services platform. 

Theleme's Degorce Facing £8M Tax Bill After Appeal Regarding Film Rights Denied

Sep 4 2015 | 6:53pm ET

Famed U.K. hedge fund manager Patrick Degorce is facing an £8 million tax bill after an appeal he filed against a finding that he sheltered millions in a tax avoidance scheme involving films was denied. 

Pennant Capital Management Shuttering $1.5B Broadway Gate Fund

Sep 4 2015 | 5:55pm ET

Alan Fournier’s Pennant Capital Management is closing its Broadway Gate fund citing a need to simplify Pennant’s organization and a desire to reduce its capital base, according to founder Alan Fournier.

Bridgewater's All Weather Fund Lost 4.2% in August and is Down 3.76% YTD

Sep 4 2015 | 5:26pm ET

Bridgewater’s All Weather Fund fell 4.2% in August and is down 3.76% for the year, despite being billed as a vehicle able to generate positive returns in most economic environments.

Bernhard Capital Partners Close to Closing Debut $750M Energy Services Fund

Sep 4 2015 | 1:54pm ET

Bernhard Capital Partners, formed by former executives of energy services giant Shaw Group, is reportedly close to closing on its first energy services investment vehicle.

El-Erian: Jobs Report Means Fed Will Pay Greater Attention to Global Markets

Sep 4 2015 | 1:24pm ET

Today's U.S. jobs numbers were not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, meaning it will pay even greater attention to financial market volatility over the next couple of weeks.

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In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it takes considerable time, energy and money to do effectively. But is courting the busiest intermediaries – i.e. those that have the most deals – the right strategy? Not necessarily, says Nadim Malik, CEO of Sutton Place Strategies, who approached this question from a quantitative perspective.

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Editor's Note