Hints and tips:
...Merger arbitrage hedge funds have performed poorly as regulators have increasingly intervened to block deals, while macro hedge funds were stung by sharp swings in bond markets after the failure of Silicon...
...But he resigned from GLG as his returns were starting to go down, and joined Louis Bacon’s hedge fund Moore Capital Management in 2008....
...The trio — Moore Kingston Smith in the UK and Moore Belgium, both backed by Waterland, and New Mountain Capital-backed Citrin Cooperman in the US — posted revenue growth more than double that of Moore Global...
...Global macro funds trade moves in bonds, currencies, commodities and equities on the back of economic trends. The performance figures punctuate a challenging year for macro hedge funds....
...Moore boss Louis Bacon is one of the most successful macro traders of all time and a friend of Busson. Moore declined to comment....
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...The firm managed about $36bn at its peak in 2012 but, like many macro hedge funds trading in markets dominated by central bank bond-buying, suffered a number of years of lacklustre returns in its flagship...
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...Moore agrees that this is a crucial motivation for BVCA members....
...PE giants Blackstone and KKR are also in the process of raising new flagship funds....
...Even after calling a truce with the Saudi sovereign wealth fund last June, LIV poached Masters champion Jon Rahm....
...Caxton’s gains come during a challenging period for many macro funds....
...Marks said Los Angeles-based Oaktree did not make investment decisions based on macro forecasts — such as how high inflation would rise or whether there would be a recession — nor try to time the market....
...Two things to start: Cravath, Swaine & Moore, the elite US law firm that has customarily set the pay standard for its peers, has established a non-equity partner tier, in a departure from its traditional...
...Restricting equity funders from withdrawing their funds during such patience-testing periods as the 2008 financial crisis also helped Blackstone make the most from such beneficent macro forces....
...I mean, obviously, business performance, economic macros, obligations under the indentures cash flows from the underlying companies. We look at the entire situation....
...Graham’s Tactical Trend fund was up 11.4 per cent in the first two months of the year, according to a letter to investors, driven by moves in commodities, while its Quant Macro fund was up 4.7 per cent....
...Behold the BTC Private Credit Fund LP, billed as the “first bitcoin private credit fund”....
...In 2014 Evercore acquired Ed Hyman’s ISI, Bernstein itself bought Autonomous in 2018, and last year Cornerstone Macro sold itself to Piper Sandler, while BNP Paribas acquired the other half of its Exane...
...“The earnings power of the business remains highly vulnerable to macro/markets given weak profitability,” wrote Morgan Stanley analyst Bruce Hamilton in a recent note....
...build macro firepower to capitalise on volatile markets (FT) City/pay: American portions may lure CEOs towards NYC (Lex)...
...Macro hedge funds that registered one of their best-ever performances in 2020 included Andrew Law’s Caxton Associates, which gained 42 per cent, while Brevan Howard added 27 per cent, said people who had...
...One investor described interest from US pension funds in macro funds as being “off the charts”....
...Moore’s gains, which would rank among its biggest annual returns over the past decade, come as macro hedge funds enjoy a long-awaited revival....
...Newer funds have returned to LPs to raise capital in as little as two years....
International Edition