Hints and tips:
...The amount of capital on offer is the product of a wave of fundraising by private credit funds, many of them operated by companies that started out as pure-play buyout groups....
...Multi-managers have accordingly generated much of the growth in hedge fund assets under management over the past five years....
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...From a management perspective, reversing commitments opens up credibility questions.”...
...Or trash management at least....
...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...
...When Igor Tulchinsky was deciding whether to join hedge fund Millennium Management three decades ago, the Belarusian former video game programmer eschewed the systematic, data-driven approach that is characteristic...
...Here is a chart showing how AQR’s more “pure” strategy has done compared to trend-followers in general, using SocGen’s trend index as a proxy. (Yes, that is AQR’s emoji there)....
...We want to create a natural result, so people don’t feel like there’s been any online reputation management carried out....
...In statistics, a p-value is the probability of whether a finding could be because of pure chance — a simple data oddity like the correlation of Nicolas Cage films to US swimming pool drownings — or whether...
...“I would say that they are products only for pure intraday speculation,” he said....
...Fortress, which has about $54bn under management, is one of several private equity groups, including KKR and Oaktree Capital Management, that are flush with cash and seeking deals in the hospitality sector...
...These vehicles typically have no operations and only skeletal management teams, and use the money they raise to go hunting for acquisition deals....
...Management has announced a capital markets day for September with the title “Hygiene: the Next Pest Control?”, so has given itself plenty of time to work this out....
...Ms Fitzpatrick of Soros Fund Management is more sceptical....
...Smart reads Fool’s gold Over the past five years, creditors have loaned close to $3bn to Wuhan Kingold Jewelry with pure gold acting as collateral. Or so they thought....
...Elliott Management: eyes on the prize Activist hedge fund Elliott Management has acquired a taste for European football....
...The company’s ability to grow profitably is driven by strong customer captivity, economies of scale, a capital-light business model, and a management team that understands its competitive advantages....
...Looking at this another way, we believe that Hospitality and Retail account for c.30% of Pest Control....
...Bridgewater Associates’ Pure Alpha returned 14.6 per cent to investors net of fees, its best performance in five years, while DE Shaw’s $14bn Composite fund gained 11.2 per cent, according to people familiar...
...last year were able to boost their earnings on the back of their own money that was invested and an increase in fees, Mr Dalio was an outlier, with Bridgewater returning only low single-digit gains in its Pure...
...“I joined when we were a pure start-up,” he says recalling his first weeks in 1995 and how downsizing from a big investment bank acquainted him with the mundane costs of a business....
...According to other corporate filings, Mr Intrater has served as a director at Renova US Management LLC and held other executive positions at Renova Group....
...You have to dig ever deeper through the layers to be ahead, or start drawing your signals from more than just pure data....
...This compromise has already been deployed by companies that want to protect management but do not have the clout to demand perpetual super votes. Pure Storage’s IPO in 2015 was one example....
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