Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact editor@evestment.com

News Archive

  • Hedge Fund Bonuses and the Aston Martin Myth

    Aug 20, 2014
    Hedge fund managers and employees in London have seen dramatic drops in annual bonuses, and declines in salaries, since 2012, according to salary data provider Emolument.com.
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  • Corgentum Consulting to Host Webinar on Hedge Fund Background Investigations, Trends And Techniques

    Aug 20, 2014
    Free webinar looks at hedge fund background investigations and due dilligence.
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  • Paulson & Co. Gets into Puerto Rico Real Estate

    Aug 20, 2014
    Paulson & Co. is betting on Puerto Rico real estate with the purchase of a 326,000-square-foot building in San Juan’s financial district.
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  • Channing Tatum, Jennifer Lawrence, Bilbo Baggins Help Hedge Funds with Boffo Box Office

    Aug 19, 2014
    Two Hollywood studios, Lions Gate Entertainment and MGM Holdings, and their hedge fund investors, are reaping the rewards of some big summer blockbusters.
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  • November Hedgeopolis New York Event Promises Insights, Networking

    Aug 19, 2014
    Network with and learn from hedge fund and institutional investment leaders at upcoming Hedgeopolis New York event.
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  • Hedge, Other Alts Funds Looking to Up Exposure to Institutional Investors

    Aug 19, 2014
    How are hedge funds upping their exposure to the growing ranks of institutional investors looking at hedge funds as these investors seek to diversify their portfolios?
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  • Hedge Funds Bearish on Soybeans

    Aug 19, 2014
    Projected bumper crops of soybeans have led to the longest bear streak for the commodity since 2006.
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  • September Hedge Fund Association Event Highlights “The New Normal”

    Aug 18, 2014
    The Hedge Fund Association & Bloomberg present the inaugural HFA Risk Insights Symposium: Navigating the New Normal, which will provide a comprehensive look at the critical risks facing hedge funds and the global alternative investment industry today.
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  • Bidding War Breaks Out in Dollar Store Consolidation

    Aug 18, 2014
    New Dollar General offer for Family Dollar Stores has the potential to break up the potential merger of Dollar Tree and Family Dollar.
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  • SAC Alum Solomon Kumin Snags $400 Million Investment

    Aug 18, 2014
    Former SAC executive Solomon Kumin has landed a $400 million investment from Leucadia National for Kumin’s new hedge fund.
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  • Institutional Investors Bullish on U.S. Junk Bonds

    Aug 18, 2014
    As individual investors shun junk bonds as an asset class, large institutional investors are taking advantage of the price slide to snap up U.S. junk bonds.
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  • Pershing Square Sues US Government Over Fannie, Freddie

    Aug 17, 2014
    Pershing Square Capital has filed a lawsuit against the U.S. government on claims that the revised terms of the 2008 bailout of Fannie Mae and Freddie Mac cheat its investors of profits from the mortgage giants.
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  • Philippe Teilhard de Chardin Joins Common Sense's Advisory Board

    Aug 17, 2014
    The former global head of prime brokerage at Newedge has joined the advisory board of fund of hedge funds firm Common Sense Investment Management. Oregon-based Common Sense announced in a statement released Friday that Philippe Teilhard de Chardin has agreed to join as an advisory board member. It is expected that he will provide guidance to the management team, leveraging from his more than two decades of industry experience.
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  • Brevan Howard Rehires Former Trader Chris Cecere

    Aug 17, 2014
    Chris Cecere, a former interest-rates trader at Brevan Howard trader has rejoined the hedge fund giant. While it was not disclosed whether Cecere would be serving in the same position, it was reported last week that Jersey-based Brevan Howard is returning to focus on interest-rates trading.
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  • James Simons Makes $50M Donation

    Aug 17, 2014
    James Simons, the founder of New York-based quant hedge fund Renaissance Technologies, has donated $50 million to a new medical research center that plans to apply mathematical strategies to investigate serious diseases. The gift to Cold Spring Harbor Laboratory will be used to create the Simons Center for Quantitative Biology. Staffed with experts in applied mathematics, computer science and theoretical physics, the center will use sophisticated algorithms to analyze biological data.
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  • Former Elliott Management Pair Launching Hedge Fund

    Aug 17, 2014
    A pair of former employees at Elliott Management is planning to launch a special situations fund for less liquid investments. Kenneth Ng and Arthur Lau have set up Hong Kong-based Ark Pacific Capital Management and plans to raise $100 million in capital before going public. The fund will initially focus on investing in Greater China opportunities, with South Korea and Southeast Asia also considered.
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  • TPG Works With HS Group to Back Start-Up Hedge Funds

    Aug 14, 2014
    Texas-based investment firm TPG Capital is partnering with hedge fund adviser HS Group to provide seeding capital to start-up firms in Asia. The firm will buy a stake in Hong Kong-based HS Group under the partnership; TPG has also agreed to refer institutional clients to the hedge fund adviser.
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  • Goldman Sachs Exec Launching Singapore Hedge Fund

    Aug 14, 2014
    Goldman Sachs Group’s Alex Turbull is planning a Singapore-based hedge fund that will launch as early as January. The Sydney Morning Herald reported that Turbull, who was the executive director of Goldman’s special situations group, will be the chief investment officer of Keshik Capital. The firm will invest in equity and credit with a primary focus on Asia with flexibility to invest globally.
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  • Bill Ackman Hints at $4B Fund Launch

    Aug 14, 2014
    Hedge manager manager Bill Ackman is targeting to raise approximately $4 billion by listing a new investment vehicle in London. Ackman, the founder and CEO of New York-based Pershing Square Capital, dropped hints in a letter to investors Wednesday that he hopes launch a “closed-end fund on the London Stock Exchange. Unlike traditional hedge funds, closed-end funds raise permanent capital, and investors who want to cash out must sell their stake on the open market.
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  • Korean Pension Fund to Launch Overseas Investment Team

    Aug 14, 2014
    The Teachers’ Pension fund in Korea is looking to set up a team overseas staffed with investment specialists in an effort to increase expand its exposure into international markets. Asian Investor reported that the team would be put in place to ensure that its long-term goal of eventually in-sourcing all investments would be achieved.
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  • Brevan Howard May Seek Up to $73M From Co-Founder

    Aug 14, 2014
    Brevan Howardis looking to get $73 million from one of its co-founders after he tried to launch his own investment firm. Jersey-based Brevan paid Chris Rokos $7.3 million for his share of profits for 2013 in February, and a further $42.7 million and $23 million the following month after telling the firm that he did not apply for regulatory approval to start managing outside investors’ money and didn’t plan to do so.
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  • Stratton Street Co-Founder Retires

    Aug 13, 2014
    Andrew Main, the co-founder of Stratton Street Capital, has retired from the fixed-income focused manager. Financial News reported that Main has stepped back from day-to-day management of Stratton Street, however he will focus on serving as a consultant for the firm. Co-founders Trever Sliwerski, Andy Seaman and Mark Johns will remain partners and portfolio managers at the firm.
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  • Renaissance Technologies Shuts Down London Office

    Aug 13, 2014
    Despite stellar performance in two of its funds, Renaissance Technologies has decided to shut down its London office. New York-based Renaissance has stopped offering its Institutional Equities and Institutional Futures funds, which returned 2.5% and 2.2% respectively through July 18, to investors in Europe as a result of tighter regulations in the region.
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  • Father, Son Duo To Plead Guilty to $500M HF Scam

    Aug 13, 2014
    A father and son team has agreed to plead guilty to running a $500 million hedge fund scam after being discovered by authorities investigating Bernie Madoff’s Ponzi scheme.Gabriel Bitran, a former professor and associate at Massachusetts Institute of Technology’s Sloan School of Management, and his son Marco will each plead guilty to one count of conspiracy to commit securities fraud, wire fraud and falsify documents. They each face a maximum sentence of five years in jail.
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  • Tudor Capital Hires Two From Rival Firm

    Aug 13, 2014
    Tudor Investment’s European arm has hired a pair of hedge fund managers from a rival firm based in London. Nick Munns and Matthew Jones are joining Tudor Capital’s macro team from Omni Partners. Munns was previously the co-manager of the Omni Macro Fund, while Jones was an analyst at the firm’s global macro team.
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eVestment’s 2015 Hedge Fund Industry Outlook

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