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HFObserver aggregates on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves.

Here is our news from approximately the last week.

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NY $8bn multi-family office seeks smaller macro managers

Ex-Senator partner to launch $500m hedge fund

BlackRock reintroduces limits on L/S fund after €1.2bn floods in

BlackRock has reintroduced capacity management measures on David Tovey and Stefan Gries’ European Absolute Return fund. The resolution was made after the strategy saw €1.2bn of inflows over the past 4M, reports City Wire Selector...

Tiger Management Descendants Are on a Tear This Year

Many funds with ties to Julian Robertson Jr.’s Tiger Management rank among the top-performing hedge funds this year, with at least three up more than 50 percent so far.Several of these funds shrugged off sharp losses in the first quarter and have rebounded strongly from March’s pandemic-induced bear market.

And although...

Lazard AM hires long/short credit team from NY boutique

Lazard Asset Management has hired a team of long/short credit fund managers from boutique investment firm Coherence Capital Partners.

New York-based Sal Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar have joined the asset manager and will  the form Lazard Coherence investment team...

U.S. Hedge Fund D.E. Shaw to Open Singapore Office in Asia Expansion

U.S. hedge fund D.E. Shaw said on Thursday it plans to set up an office in Singapore in 2021, becoming the latest global firm to expand into the city-state as it looks to tap into new investment opportunities.

Singapore, a leading financial services hub, has seen many fund managers, family offices and other investment firms stepping up their expansion in the city-state since 2019, amid concerns over the future of rival hub, Hong Kong...

Investors Start Giving Way on Office Visits

Evidence continues to build that investors are getting comfortable parking capital with hedge funds without the benefit of on-site reviews.

Before the coronavirus pandemic, major investors’ due-diligence processes almost universally included visits during which they looked over the managers’ infrastructures and watched their traders in action. Many initially stuck with those policies as stay-at-home orders took effect in March, meaning any fresh commitments had to go to firms they already examined in person.

Now, it appears the long-term nature of the crisis has led to an adjustment. As one prime-brokerage executive put it: “You can’t just keep topping up with the managers already in your portfolio...”

Wall Street Set for Oil Trading Caps That Could Have Been Worse

Traders are about to be hit with new U.S. rules they’ve long resisted: the first-ever federal restrictions on how much hedge funds and other firms can speculate on key commodities such as oil and metals.

Yet there is a silver lining in having the regulations finished while appointees of President Donald Trump are running government agencies. The measures are softer than what was put forth when Barack Obama was president or what might be on the table should Joe Biden capture the White House next month...

FCA fines hedge fund £900,000 for not disclosing short selling

A Hong Kong hedge fund that built up a large short position in the North Sea energy group Premier Oil has been fined more than £870,000 by the UK regulator for hundreds of disclosure failures over more than two years.

Between February 2017 and July 2019, Asia Research and Capital Management — a $3.7bn hedge fund founded in 2011 by Alp Ercil — built a short position equivalent to 16.85 per cent of the issued share capital in Premier Oil...

Las Vegas multi-family office seeks l/s healthcare HFs

Founder of $200m firm prefers healthcare funds due to his knowledge of the sector....