Hedge Funds

Oaktree Sees Trickle of European Debt Disposal

September 2, 2014

John Frank, the managing principal of the world’s largest distressed-debt investor Oaktree Capital Group LLC, says he’s underwhelmed by the record amount of bad loans being offloaded by European banks. While disposals accelerated this year, the flow of new assets into the market is more of a “trickle” than the flood the Los Angeles based firm

Blackstone Said to Be in Talks to Seed Arkkan Capital

August 26, 2014

Blackstone Group LP is in talks to back a Hong Kong-based distressed fund started by Jason Brown, a former global head of Goldman Sachs Group Inc.’s Special Situations Group, said two people with knowledge of the matter. Brown’s Arkkan Capital Management Ltd. will focus on Asian opportunities with the flexibility to invest globally, said

Jana’s Bullish Call on Japan Airlines

August 19, 2014

Jana Partners LLC, the activist firm run by Barry Rosenstein, took a stake in Japan Airlines Co, Bloomberg Brief: Hedge Funds reported in July 2013.“JAL re-emerged as a public equity in September of last year after three years in bankruptcy with a clean balance sheet, a slimmed-down cost structure, a modernized fleet, and

Ex-Highfields’ Sidman Said to Raise $1.2Bln

August 12, 2014

BY SABRINA WILLMER Three Bays Capital LP, started by former Highfields Capital Management LP money manager Matthew Sidman, has raised $1.2 billion for an event-driven hedge fund within months of starting the pool. Sidman, who spent 14 years at Highfields, started the fund with $500 million in January, according to two people with knowledge

Ex-Bridgewater Analyst Starts No-Fee Fund

August 5, 2014

Howard Wang, a former analyst at Bridgewater Associates LP, says most hedge fund performance mirrors the broader market, failing to justify the high fees collected. That’s why Convoy Investments LLC, the global macro fund he started in November with former Bridgewater software engineer Robert Wu, isn’t charging a performance fee to investors and only

Singer Cautions of Electromagnetic Pulse Event

July 29, 2014

Paul Singer’s Elliott Management Corp. warned investors of the risk of an electromagnetic pulse event massively disrupting the electronic grid in a wide-ranging investor letter that took shots at central bankers, social media and U.S. foreign policy. “While these pages are typically chock full of scary or depressing scenarios, there is one risk that

Ivory Investment Management’s Bullish Call on Saint-Gobain

July 22, 2014

Curtis Macnguyen, head portfolio manager at Ivory Investment Management LP, said in September that he was invested in shares of France-based Cie. de Saint- Gobain SA to bet on a recovery in the European economy and housing.(Bloomberg Brief: Hedge Funds Europe, Sept. 27, 2013) This chart was taken from the Bloomberg Brief

Sensato’s Bearish Prediction for Japanese Stocks

July 15, 2014

Sensato Capital Management last May said Japanese equities were no longer attractively-priced.  The San Francisco-based firm’s Asia-Pacific Master Fund returned 15 percent in the first four months of last year, largely on the back of rising Japanese stocks (Bloomberg Brief, May 21, 2013). Japanese stocks began to drop on May

Butler’s Call on European Telecoms Offers Mixed Results

July 1, 2014

Butler Investment Managers Ltd.’s WB Opportunities Fund took short positions in Telecom Italia SpA, Portugal Telecom SGPS SA and Hellenic Telecommunications Organization SA in mid-July last year. This chart was taken from Bloomberg Brief Hedge Funds. Click here to take a trial. 

Family Office Supplement

June 6, 2014

For wealthy individuals and families, setting up a family office usually offers the benefits of professional advice, confidentiality and the ability to preserve wealth across generations. This special report explores these themes and others, from new EU laws that may curtail privacy and affect the choice of jurisdiction to investing in alternatives and the