Good Year for AUM Growth (Hedge Nordic)
Stockholm (HedgeNordic) – The hedge fund industry has now broken through the next mark in terms of assets under management, reaching a new record level of $3.62 trillion at the end of August, according to eVestment. Investors injected a combined $12 billion to hedge funds in August to bring year-to-date inflows at $38.3 billion. The year-to-date inflows and performance gains enjoyed by hedge fund managers brought the industry’s assets under management to $3.62 trillion.
Activists Starboard, Elliott Have Taken Stakes in Willis Towers Watson (The Wall Street Journal)
Activist investors Starboard Value LP and Elliott Management Corp. have taken stakes in Willis Towers Watson PLC, according to people familiar with the matter, the insurance broker aiming to rebound from the collapse of its planned merger with Aon PLC. The activists’ presence underscores the pressure Willis Towers’s incoming chief executive is under to carry out his plan to improve its results as a standalone company.
A $1.8 Billion Hedge Fund Soared 120% During the Covid-19 Pandemic (Bloomberg)
David Rogers is having a dream run at Castle Hook Partners, the $1.8 billion hedge fund backed by investors including billionaire Stan Druckenmiller. The fund is up about 120% since April 2020, according to people with knowledge of the matter, after taking a hit in the early part of last year in the pandemic’s initial selloff. It lost 10% in the first three months of 2020, said the people, asking not to be identified because the information is private.
Emerging Managers Compete on Data and Transparency (Preqin)
As PEVC matures and more LPs allocate to a market with no shortage of managers, how has the relationship between LPs and GPs evolved? The balance of power dynamic is always an interesting one because the GP-LP relationship is literally, technically, and in spirit a partnership. Historically, however, many LPs had a strong case for arguing against that. I don’t think there’s any question that’s changing, and we may be seeing a shift in the balance of power.
For Emerging Hedge Funds, DeFi Is The Future (Forbes)
Three years after setting up a quantitative multi-strategy hedge fund that now manages $25 million for other institutions, my partners and I have gradually come to the conclusion that decentralized finance (DeFi) is the way forward for our firm and our careers. As professional investors of the millennial generation, we never believed in cryptocurrency mania and in fact were skeptical about the blockchain ecosystem’s ability to replace traditional finance (TradFi), due to the implications that may have on the security of the financial system.
Hedge Fund Launches Steady as Investors Position for Higher Interest Rates (Opalesque)
Opalesque Industry Update, for New Managers – New hedge fund launches remained steady through mid-2021, according to the latest HFR Market Microstructure Report, released today by HFR®. The prevailing trend in launches continued as strong HFRI gains drove total industry capital toward a historic milestone while managers and investors positioned for higher interest rates as a result of rising inflation, government spending, and tapering of Federal Reserve bond purchases. New hedge fund launches narrowly declined to an estimated 180 in 2Q 2021, though exceeded the estimated number of liquidations for the fourth consecutive quarter, following eight consecutive quarters of contraction. Launches in the trailing four quarters totaled 695 new funds, a total which tops calendar year totals for the past three years dating back to 2017 when 735 funds launched.
Exome Asset Management Shortlisted for HFM’s Best Newcomer Award (Businesswire)
NEW YORK–(BUSINESS WIRE) — Exome Asset Management (“Exome”), an innovative asset management company focusing on investing in public markets across the worldwide healthcare industry, today announced it has been shortlisted for the HFM US Performance Awards 2021 for Best Newcomer. The HFM US Performance Awards are one of the most important and influential awards in the US hedge fund calendar. The awards recognize hedge fund, CTA and fund of hedge fund performance, encompassing the whole breadth of hedge fund strategy, from credit and equity to macro and managed futures. Judging is conducted by a panel of leading institutional and private investors and investment consultants who take account of risk-adjusted performance, AUM and any professional knowledge about the fund.
Wednesday 9/29 Insider Buying Report: BKI (Nasdaq.com)
On Tuesday, Black Knight’s Chief Executive Officer, Anthony M. Jabbour, made a $963,701 purchase of BKI, buying 14,000 shares at a cost of $68.84 each. So far Jabbour is in the green, up about 3.0% on their buy based on today’s trading high of $70.91. Black Knight is trading up about 3% on the day Wednesday. Before this latest buy, Jabbour made one other buy in the past twelve months, purchasing $997,603 shares for a cost of $71.77 each.
The Divisional Chief Executive Officer of Rolls-Royce Holdings (Other OTC: RYCEF) is Selling Shares (Analyst Ratings)
Yesterday, the Divisional Chief Executive Officer of Rolls-Royce Holdings (RYCEF), Andreas Schell, sold shares of RYCEF for $42.04K. Currently, Rolls-Royce Holdings has an average volume of 198.77K. The company has a one-year high of $3.20 and a one-year low of $0.88. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $1.69, reflecting a 15.4% upside.
Datadog Inc (DDOG) CEO Olivier Pomel Sold $15.4 million of Shares (Guru Focus)
CEO of Datadog Inc, Olivier Pomel, sold 109,104 shares of DDOG on 09/27/2021 at an average price of $141.49 a share. The total sale was $15.4 million.
