Davidson Kempner Secures THE DEAL in European NPLs

NPLs 2

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 »

Surge in Interest from Hedge Funds in Private Jets Expected

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 »

Event Driven Input – Entertainment And Media Industry Set For M&A Boom

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 »

The Lonely One at York Capital Management

Event Driven York Capital 654 x 644

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 »

Cyberattack via Zoom-Invite Downs Hedge Fund

cyber security lead art illustration 2

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 »

Outlook For Deals In Distressed Assets

Distressed Lead illustratiion 207 JPEG

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 »

European Hedge Fund Industry Assets Below Level of 5 Years Ago

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 »

The UK’s Richest Hedge Fund Managers – 2019 Edition

by Hedge Fund Insight staff   Michael Platt, the co-founder of BlueCrest Capital Management, not only remains the richest hedge fund manager in Britain he has extended the gap to the rest of the pack. With a net worth of £3.7 billion, according to the Sunday Times,  he is £2bn wealthier than the next hedgie,  having been £1.6bn […] Read more »

Seeding Deals Study From Seward & Kissel

Fees New funds Lead story Illustration 3 656 x 480

Seward & Kissel LLP’s Seed Transactions Deal Points Study draws from over 150 data points amassed over a five-year observation period. The Study identifies market trends and provides both quantitative data and qualitative explanations of the state of the seeding industry. The data illustrates the rise of seed deals year over year, with institutional seeders […] Read more »

Risk Management at Citadel

From Hedge Fund Insight   Chicago-based Citadel LLC, through it’s two huge flagship funds, put in a good first quarter performance with a gain of 6.35%. The $29bn firm is one of the biggest hedge fund managers in the world, and has been run by CEO Ken Griffin since inception. He oversees more than 675 investment […] Read more »