Incisive Views from Professionals
By Simon Kerr and Hedge Fund Insight staff In 1994 the Cayman Islands Monetary Authority introduced a registration regime for mutual funds established on the islands. Most Cayman Islands Mutual Funds are engaged in hedge fund strategies, many are offshore versions of domestic (US) hedge funds (LLPs). As the concept of hedge fund strategies was adopted […] Read more »
Hedge Fund Managers ranked by discretionary assets managed in hedge funds worldwide, in millions, as of June 30, 2022, unless otherwise noted. Data are from a company source such as a spokesman, website or financial report. Read more »
From Hedge Fund Insight staff A new set of real-time economic indicators using satellite imagery and big data to show environmental change is now available from Alternative data specialist QuantCube Technology. The indicators are aimed at hedge funds, asset management firms, pension funds, investment banks and corporate treasurers and relate to four phenomena: Urban growth index […] Read more »
By Hedge Fund Insight staff Davidson Kempner, the $34bn American alternatives manager, has created a benchmark for NPL deals in Europe. Alpha Bank S.A. (“Alpha Bank”) has entered into an agreement with Davidson Kempner Capital Management LP to create the second-largest rated Non-Performing Exposures (“NPE”) securitization in Europe (at € 10.8 bn Gross Book Value). Davidson Kempner […] Read more »
From Hedge Fund Insight staff A bumper year for hedge funds in 2020, the on-going Coronavirus crisis, and the impact this is having on commercial aviation, is likely to result in a huge increase in interest from hedge funds looking to buy or lease their own jets. Hedge Funds and their managers have been traditionally very […] Read more »
By Paul Bernstein of Venable LLP One of the oddities of 2020 is that a great many people in the entertainment and media industries became familiar with a complex form of securities offering: the SPAC (Special Purpose Acquisition Company). Despite having the word “Company” in their name, SPACs are not really companies. Rather, they are piles of […] Read more »
By Hedge Fund Insight staff A year ago the database of Hedge Fund Insight contained 26 entries for staff members of York Capital Management in London. That included most but not all of the professional staff. Since then a lot has changed. Credit Suisse announced last month it would be taking a $450m charge related to its […] Read more »
By Hedge Fund Insight staff A hedge fund based in Sydney Australia has been the victim of a cyber attack that ultimately put it out of business. The rogue software was delivered via a Zoom invitation. Fake invoices were sent to the fund’s trustee and fund administrator leading to payments totaling $8.7m. Levitas Capital was […] Read more »
The global economy is slowing down, not least from the threat of coronavirus, and with it comes the rising likelihood of distressed M&A transactions. To the economic slowdown add broad structural changes in several industries and distressed M&A deals are expected to rise in 2020. Under higher pressure and an accelerated timeframe, how can dealmakers make the best out […] Read more »
From Eurekahedge European fund managers recorded net asset outflows of US$4.3 billion while registering performance-based gains of US$2.8 billion during last month. Total assets in European hedge funds stood at US$480.9 billion as of June 2019, below their January 2018 high of US$577.5 billion. On a year-to-date basis, European hedge fund managers have seen performance-driven gains of US$13.1 […] Read more »