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 »
Has Brexit Prospect Already Spooked US Macro Managers In London?
By Simon Kerr, Publisher of Hedge Fund Insight HFI has been tracking the trends in employment of American hedge funds in London since 2010. The links below this article show two of the previous related articles. What prompted today’s article was the release of results from Fortress Investment Group – a company that has […] Read more »
Hedge Funds Replacing Banks – Direct Lending Strategy As Example
From Hedge Fund Insight staff With the 2Q Earnings Release from KKR & Co LLP came evidence of how alternative financing businesses (including hedge funds) are replacing bank financing. In the Investor Update accompanying the Conference Call KKR presented some data on their newer strategies which will power future earnings. Direct Lending featured strongly: […] Read more »
Tom Sandell Takes The Bermuda Reinsurance Route
By Hedge Fund Insight staff Sandell Asset Management Corp. recently sponsored the launch of Sandell Re, a Bermuda based reinsurance company that can invest in the firm’s global event driven investment strategy, which will be managed in a separately managed account with an investment objective substantially similar to Sandell Asset Management’s main hedge funds. […] Read more »
Hedge Fund Sidecars Disrupt Reinsurance Market
By Brian Schneider and Matthew Noll of Fitch Ratings The expansion of alternative capital sources within the reinsurance market is likely to contribute to lower returns on equity across the reinsurance sector and sustain the market’s M&A wave, particularly among Bermudan firms, says Fitch Ratings. Alternative sources of capital push the sector’s capitalization levels […] Read more »
Millennium’s Persistent Growth Makes it the Daddy of American Managers in London
By Hedge Fund Insight staff For many years Louis Bacon’s Moore Capital had the largest London operation of any American hedge fund, whether measured by assets under advisement or staff. That Bacon himself was often based in the English capital just reinforced the significance of the European footprint of the firm. But Moore Capital is […] Read more »