Hedge Funds May Be Making A Comeback Among Investors, And Here’s Why (Forbes)
Hedge funds had their heyday before the global financial crisis in 2008, but things could finally be looking up for the asset class. A new paper from Peltz International points to signs that hedge funds are rebounding and questions whether hedge funds are now able to return to their glory days. Strong performance over the last 18 months: According to Peltz, investor confidence has returned due to strong hedge fund performance over the last 18 months. Funds recorded an 11.6% return last year due mostly to the strong performance in the last nine months of the year. In fact, 2020 brought their best return in a decade despite the ongoing pandemic. This year, hedge funds were already up by approximately 10% through the end of August.
China Slows Quant Hedge Fund Approvals as Trades Scrutinized (Bloomberg)
China is tightening approvals for quantitative hedge funds in the latest sign that officials are concerned about the potential market impact of trading driven by algorithms after a year of rapid asset expansion. The Asset Management Association of China, which approves registration of new quant funds, closed a fast-track channel in recent weeks for at least some managers, according to people with knowledge of the matter, who asked not to be named discussing private information. The association has also rejected applications that use token amounts to launch new offerings, the people said.
Transcription Services Provider Verbit Raises Pre-IPO Funding at $2 bln Valuation (Reuters)
Nov 23 (Reuters) – Transcription and captioning services provider Verbit on Tuesday notched a valuation of about $2 billion by selling $150 million worth of new shares in a funding round led by Third Point Ventures. The startup, which uses artificial intelligence to offer services such as live captioning and the real-time transcription of webinars and meetings, also allowed some employees and existing investors to sell $100 million of their own shares.
Boothbay Vet Launching Crypto Hedge Fund Firm (The Street)
The former chief operating officer of multi-strategy hedge fund operator Boothbay Fund Management is launching a new firm that would trade both cryptocurrencies and traditional asset classes, according to two sources with knowledge of the matter.
Notable Kaleyra Insider Makes $610K Sale (Benzinga)
Avi S Katz, Insider at Kaleyra (NYSE:KLR), made a large insider sell on November 19, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Katz sold 50,000 shares of Kaleyra at prices ranging from $12.27 to $12.35. The total transaction amounted to $614,615. Following the transaction, Katz still owns 2,446,270 shares of the company, worth $29,771,105.00.
A Director at Information Services Group (NASDAQ: III) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Information Services Group (III), Neil Budnick, sold shares of III for $941.2K. Based on Information Services Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $71.1 million and quarterly net profit of $4.42 million. In comparison, last year the company earned revenue of $61.64 million and had a net profit of $2.06 million.
