Hints and tips:
...He wants KT&G to appoint Cha Suk-yong, chief executive of leading domestic cosmetics group LG H&H, and Hwang Ou-jin, the former head of Prudential Life Insurance, as outside directors....
...At this point, macro hedge fund managers and other investors who seek to harness broad global economic trends are rubbing their hands with joy....
...You have invented the hedge fund....
...If we’re going forward into a world of more supply shocks, rather than demand shocks, it could make bonds a less attractive hedge to equities, and therefore you need to be paid more, and therefore the term...
...Baker Tilly secured a $1bn investment led by H&F in February. Buyers are spotting an opportunity that has played out inside their own industry....
...From a paper by Chengyu Bai and Shiwen Tian of Shanghai Jiao Tong University (H/T former Alphavillain Tracy Alloway): We study the relationship between stock fund managers’ facial attractiveness and fund...
...In baseball, Cohen, the hedge fund titan and New York Mets owner, is in the midst of a tightly contested campaign to build a casino next to Citi Field in Queens....
...Some of the ones that have attracted attention: a company called Phunware — spelled p-h-u-n, ware — which is a mobile software developer. And there was another called Bit Brother....
...(H/T the FT’s Antoine Gara for the below slide): You can see the shift here in SVB’s 2022 annual report. By the end of last year it only had $563mn worth of hedges left on its books....
...We do know, though, that in early February hedge funds had a record high “short” against two-year Treasuries, ie a massive bet that rates would rise....
...It’s also reminiscent of the 1998 rescue of Long Term Capital Management, an ultra leveraged hedge fund that had built swap exposures with banks across Wall Street and threatened to topple them....
...While we would love it if you read the nearly 2,500 word dissection of the trade, the TL;DR version is this: two hedge funds thought the ambiguity over the ranking of a dead Credit Suisse bond was enough...
...In a similar vein, when the Long-Term Capital Management hedge fund collapsed in 1998, the New York Federal Reserve put together a $3.6bn rescue fund from contributions from its big Wall Street creditors...
...Generally conservative long-only fund managers are “playing hedge fund manager”, says Kelly....
...The big hedge fund Elliott Management thinks we are on the road to hyperinflation, much deeper market declines, and possibly global strife. The Federal Reserve seems a bit less worried....
...If that pedigree hasn’t already got you champing at the bit, we have one of their pitch decks (h/t Kadhim Shubber), which we’re sharing for your ‘enjoyment’....
...Smart reads Citadel’s rainmaker The FT chronicles how Ken Griffin’s hedge fund harnessed the weather to fuel record profits....
...(H/T Dan McCrum.) (Enlarge) (Zoom) (Crude spot-the-difference video) There’s a lot going on there so the most we can do in a hurry is to pick out a few landmarks....
...Bernie Lagrange, son of Belgian economist and hedge fund manager Pierre, cites Emmanuel Roman, CEO of global investment management firm PIMCO, as a client....
...Hedge funds have lined up the biggest bet against Italian bonds since the global financial crisis, Japan is looking to rebuild its nuclear energy capacity, and Blackstone has joined the bidding to buy Pink...
...The US hedge fund H/2 Capital Partners took over the chain nearly three years ago for about £400mn....
...Some investors and hedge funds spot an opportunity to raise a challenge, and are betting that yields are poised to break higher....
...(H/T Toby Nangle)...
...Thomas H Lee, a billionaire financier who led some of the private equity industry’s most successful deals during its early rise in the 1980s and 1990s, has died at the age of 78....
...They may come for the region’s traditional attractions — such as the basalt hexagonal stepping stones of the Giant’s Causeway; the newly upgraded Titanic Belfast museum; the eerily entwined Dark Hedges and...
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