Hints and tips:
...Bridgewater offers different flavours of its strategy and we don’t know how much of its estimated $150bn of assets under management are in Pure Alpha, the more leveraged Pure Alpha II, its risk parity funds...
...Carvana was built out of DriveTime, an Arizona used-car business owned by Ernie Garcia II, and pitched itself as the digital disrupter of anachronistic used-vehicle dealerships....
...The fund of funds manager was valued at roughly $200mn in 2017....
...The move underscores the divergent bets on the future of the investment management sector....
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . . Lifelike Capital [ridiculously minimalist website award winner] . . . ....
...If Trump succeeds, one of the biggest winners will be Patrick Orlando, a Florida-based financial executive whose little-known firm, ARC Global Investments II LLC, put up $25,000 to buy a stake in the blank...
...That and the performance decline had shrunk overall assets under management to approximately $7bn at year end....
...The Mifid II reforms, which came into force in January, mean fund managers now pay for investment research separately from executing trades with brokers....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...The asset management industry’s meteoric growth, particularly the rise of passive funds, has broadened the shareholder register of many companies....
...Steve Cohen’s Point72 Asset Management is among hedge funds upping short bets against Jupiter Fund Management as the battered UK-based asset manager grapples with huge outflows and rising costs....
...Europe’s Mifid II rules are inexorably reshaping its fragmented market for exchange-traded products — and humans are being phased out....
...SkyBridge declined to comment on its discussions with the hedge fund....
...The effects of Mifid II are not confined to Europe according to the Greenwich survey....
...Meanwhile, the requirements of Mifid II, which demands greater transparency in the actual costs of trading, are concentrating fund managers’ minds like never before....
...and Norwegian sovereign wealth fund Norges Bank Investment Management....
...Indeed, it would be remiss not to mention the effect of interest rates on equity returns, in particular as the Federal Funds Rate peaked at 19.1 per cent in June 1981....
...The rise of passive investing, with the resulting downward pressure on fees, and the increased costs of research under Europe’s new Mifid II rules are squeezing profit margins, especially for medium-size...
...Karpik joined State Street in 1999 as a senior fund manager. Until recently he led the firm’s asset management arm in Europe, the Middle East and Africa....
...Fund managers are currently preparing for Europe’s Mifid II directive, which comes into force in January....
...Guggenheim’s ETF business is estimated at more than $30bn in assets under management. It is unclear how much Invesco would pay for the combined retail business of mutual funds and ETF funds....
...But his rivals do not see Mr Hall’s decision to shutter his flagship Astenbeck Master Commodities Fund II as a sign that investing in oil is dying out, despite him joining at least 10 commodity-focused funds...
...The fund house, which specialises in emerging market debt, saw its assets under management increase 10.7 per cent to $65bn during the three months to September 30 as positive investment performance boosted...
...Shares were allocated to a concentrated group of investors, including mutual funds, hedge funds and sovereign wealth funds....
International Edition