Incisive Views from Professionals
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 »
From Mark Sangster, VP and Industry Security Strategist, eSentire/ Hedge Fund Insight staff You’re likely already aware of the Equifax breach, which is said to have possibly affected the personal information of as many as 143 million people. Many are talking about the delay in the disclosure of the security breach, and more importantly, […] Read more »
By Constance N. Hubbell, President, The Hubbell Group, Inc. Asked why he robbed banks, legendary bandit Willie Sutton said, “Because that’s where the money is.” Today, many criminals steal with laptops, not guns, but they still go where the money is, and – with $3 trillion in assets under management[1] – hedge funds are […] Read more »
By Alastair Sewell, Manuel Arrive, and Brian Knudsen of Fitch Ratings Summary Strong Growth, Low Base: Fitch Ratings estimates that open-ended Europe-domiciled loan funds have had strong average annual growth of 50%-60% over the last five years. However, this comes from a low base: Fitch estimates total assets of just EUR40bn across all European open-ended funds at end-June 2016, with […] Read more »
By Torben Ronberg, Head of Sub-Investment Grade at ECM Asset Management “Comeback” is the right way to describe the CLO market this year (Collateralised Loan Obligations – securitised portfolios of predominantly senior secured leveraged loans). Led by the US CLO market, we have seen global issuance YTD in 2014 of a staggering $101.5bn*. 88.5% […] Read more »