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Hedge Funds

Fed to Raise Rates in December: SkyBridge, Greylock

September 22, 2015

BY HEMA PARMAR Ray Nolte, chief investment officer at fund of funds SkyBridge Capital, and Greylock Capital Management’s co-chief investment officer Diego Ferro, predict the U.S. Federal Reserve will raise rates by the end of the year. The Federal Open Market Committee on Sept. 17 decided to keep its benchmark rate

RETURNS IN BRIEF

September 15, 2015

Paulson & Co.’s merger fund fell 4.2 percent in August, according to a person briefed on the returns. The loss pared Paulson Partners’ gain to 6.5 percent in 2015. Paulson’s Advantage hedge fund, which makes bets on companies undergoing events such as bankruptcies and spinoffs, lost 4.9 percent last month,

Cedarview to Start Long-Short Equity Fund

September 15, 2015

BY HEMA PARMAR Cedarview Capital Management, the $230 million New York-based hedge-fund firm, is starting a long-short equity fund, according to managing partner Burton Weinstein. Cedarview Equity Opportunities, which will be launched in the fourth quarter, will trade the same long and short equity positions as the firm’s $65 million

SkyBridge to Boost Allocation to Event-Driven Funds

September 8, 2015

BY HEMA PARMAR SkyBridge Capital is looking to increase its allocation to European event-driven managers, according to partner and senior portfolio manager Troy Gayeski. The fund of hedge funds is expecting European event-driven funds to account for as much as 15 percent of its portfolio from 8 percent, Gayeski said.

Greenlight Falls 5.3% as August Rout Deepens Slide

September 1, 2015

  BY SIMONE FOXMAN Greenlight Capital, the investment firm led by David Einhorn, fell 5.3 percent in its main hedge fund in August as volatility in oil and Chinese stocks rattled markets. The loss, disclosed in an e-mail to investors that was obtained by Bloomberg, exacerbated one of the worst

Family Office Special Edition

August 27, 2015

Worldwide, there are now more than 14,600 families with at least $100 million in assets — the kind of folks who would start or hire a family office — up 42 percent since 2008, according to the Boston Consulting Group. When setting up a family office, organizers face a two-fold

Special Report on Asia’s Hedge Funds

June 30, 2015

Asia Pacific hedge fund assets grew to a record $177 billion in May, surpassing pre-2008 levels for the first time. Despite this milestone, firms in the region manage just 5 percent of industry assets. In this special report, we analyze the best-performing Asia Pacific-based funds by size and strategy and

Arizona Pension to Decide on Portable Alpha: From The Minutes

June 17, 2015

(Bloomberg Brief) — Hedge fund-specific items gleaned from public pension minutes and other similar documents, as reported in today’s edition of Bloomberg Brief: Hedge Funds. Arizona’s Public Safety Personnel Retirement System, which in April discussed adding “portable alpha equity long/short” to its U.S. equity portfolio, will “take possible action” on proposed changes to

UN Endowment Fund May Add Hedge Fund of Funds: From The Minutes

June 10, 2015

The $359 million United Nations University Endowment Fund is “considering investing” in hedge fund of funds and other alternative assets, according to a request for global custody and master record keeping services. UNUEF is primarily invested in equities and fixed income and is authorized to hire external fund managers “but currently only its small

Mark Kingdon Attends China Institute Gala: Over The Hedge

June 4, 2015

By Amanda Gordon and Simone Foxman Mark Kingdon hung out with an astronaut and an opera singer on May 29 at the China Institute’s Blue Cloud Gala. The astronaut, Leroy Chiao, was an honoree, and the singer was bass and Metropolitan Opera regular Hao Jiang Tian. The talk of the