Wednesday, 27 May 2015
Last updated 24 min ago
May 26 2015 | 1:44pm ET
Hedge funds bought the S&P 500 at the strongest pace in three months and have moved to a net long stance, according to the latest Bank of America Merrill Lynch Hedge Fund Monitor for the week ending May 20.
The diversified hedge fund index tracked by BofAML is up 0.52% for the period, again underperforming the 1.3% gained by S&P 500 on a price returns basis. Macro funds topped the performance tables, up 1.02%, while Equity Market Neutral funds were down 0.16%.
May 27 2015 | 1:07pm ET
Hedge funds have recovered some ground since a stumble during the first week of May, according to Lyxor Asset Management’s most recent weekly briefing.
May 27 2015 | 12:13pm ET
The Abu Dhabi Investment Authority has named John Pandtle to head up U.S. equity activities within the sovereign fund.
May 27 2015 | 11:49am ET
Stephanie Cohen has been promoted to global head of financial sponsor M&A at Goldman Sachs.
May 27 2015 | 11:42am ET
Global alternative investments powerhouse Carlyle Group has closed on its third European technology and media buyout fund, raising €656 million. It is the company’s largest such fund to date.
May 27 2015 | 9:09am ET
Aberdeen Asset Management announced it will acquire FLAG Capital Management, a manager of private equity and real asset solutions, to boost its global alternatives capabilities.
May 27 2015 | 8:29am ET
A growing number of financiers are teaming up with insurers and pension funds to build loan books to rival banks, turning some fund firms into banks in all but name.More News
May 7 2015 | 10:43am ET
Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered investment adviser focused on asset-backed lending transactions and alternative investment management. Hass recently spoke with FINalternatives’ Steven Lord about private debt investing and the benefits it can bring to investors.
May 22 2015 | 6:41am ET
Private credit comes in many different flavors, all with the common themes of over-collateralization, a higher coupon than public markets and normally a Variable Rate. The beauty of private credit is that each transaction can be tailored to a specific investment outcome. Greg Silberman, chief investment officer of Atlanta Capital Group, explains.
May 12 2015 | 12:10am ET
Yale University announced it has received a $150 million gift from Blackstone Group co-founder, Chairman, and CEO Stephen A. Schwarzman. The university plans to use the nine-figure gift to create a new cultural and student life center.
May 8 2015 | 6:38am ET
Some of the most brilliant hedge fund managers have seen their firms collapse not because of poor investment decisions, but because of failed operations. Managing a business is very different than managing a fund. One firm is harnessing technology to help managers run their businesses. OpsCheck, which was specifically built for fund managers, is a web-based application aimed at managing and warehousing all business operational tasks for hedge funds.
May 12 2015 | 8:46pm ET
President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…