Browsing: Relative Value Hedge Funds

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Relative Value Hedge Funds

Preqin: Another Net Outflow Year Underway for Hedge Fund Industry

Apr 20th, 2017 | Filed under: Hedge Funds, Newly Added, Relative Value Hedge Funds

In the February issue of its Hedge Fund Spotlight, Preqin looks into its crystal ball and tells us of its near term (2017) predictions for the hedge fund industry. The article begins with a simple observation: hedge funds saw net outflows of assets under management (AUM) in 2016. Likewise, 54%Read More

Eurekahedge: Exodus from the Event-Driven Funds YTD  

Oct 23rd, 2016 | Filed under: Allocating to A.I., Commodities, Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Funds, Newly Added, Relative Value Hedge Funds

The event-driven hedge fund space is the most troubled in a generally troubled time for the industry. According to the new Eurekahedge report, the event-driven strategy “has seen US$14 billion investor redemptions over the past nine months,” and $10.7 billion over just the past six months. The first nine monthsRead More

Eurekahedge on Outflows, Performance and Tail Risk

Sep 27th, 2016 | Filed under: Commodities, CTA, Equity Hedge Funds, Hedge Funds, Macro and Managed Futures Funds, Newly Added, Relative Value Hedge Funds

Eurekahedge, a provider of hedge fund industry news since 2001, has released its report about the state of the industry in August 2016. Among the key points: August was the fourth consecutive month of outflows. Although preliminary, the data for the month suggests a net asset outflow of $7.5 billion.Read More

Eurekahedge: Redemptions Exceeding New Investment for HFs Worldwide

Sep 5th, 2016 | Filed under: Commodities, Commodities, Commodities: Examples, Energy, Hard metals, Hedge Funds, Newly Added, Relative Value Hedge Funds

Hedge funds have now seen three consecutive months in which redemptions have exceeded new investment, for a net outflow. The net outflow for July alone was $5.7 billion. Fortunately, July also saw performance based gains of $10.5 billion, so the total assets under management grew slightly. The table below adaptedRead More

Waiting for Normalization: Issuing Convertibles

Aug 2nd, 2016 | Filed under: Hedge Funds, Newly Added, Relative Value Hedge Funds

A moderate increase in the issuance of convertible bonds globally over the last three years came about only after a long post-crisis decline. At the convert market’s peak, in 2007, issuers placed $160 billion of these instruments. The placement for 2008 was only half that. By 2012 the market wasRead More

Brexit and Hedge Fund Strategies

Jun 30th, 2016 | Filed under: Currencies, Equity Hedge Funds, Finance & Economics, Hedge Funds, Newly Added, Relative Value Hedge Funds, The Global Economy & Currencies

How well did hedge funds help their investors to hedge potential losses as a consequence of the markets’ immediate reaction to the Brexit vote in the United Kingdom? How well will they hedge the other uncertainties going forward? Thursday, June 23, the UK voted to leave the European Union. TheRead More

Eurekahedge: Distressed Debt Managers Led the Tables in May

Jun 28th, 2016 | Filed under: Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Funds, Newly Added, Relative Value Hedge Funds

The latest report from Eurekahedge, in its tracking of the health of the hedge fund industry worldwide and month by month, indicates that hedge funds were up 0.40% in May. Reversals in commodity prices in the middle of the month, and weak equity performance in developing markets, both had anRead More

Challenges to Mergers: Not So Automatic Anymore?

Jan 31st, 2016 | Filed under: Hedge Funds, Legislation/Court rulings, Newly Added, Regulatory Environment, Relative Value Hedge Funds, The A.I. Industry

The Delaware Court of Chancery has become increasingly hostile of late to lawsuits that challenge corporate mergers on fiduciary grounds. This is important, because the course of recent decades certain boilerplate sorts of lawsuits have become a regular feature of the mergers-and-acquisitions landscape in the U.S.  The law has allowedRead More

M&A: Are the Delaware Courts Becoming Intrusive?

Nov 8th, 2015 | Filed under: Legislation/Court rulings, Regulatory Environment, Relative Value Hedge Funds

In 2014 it seemed possible that investment bankers could shrug off the Rural Metro decision as an anomaly; that is, as an example of how bad cases make bad law. But if a pending decision in the Supreme Court upholds the Chancery Court, they'll know they're dealing not with an anomaly but with a trend.Read More

Merger Arb: News from Delaware’s Chancery Court

Oct 13th, 2015 | Filed under: Hedge Funds, Regulatory, Relative Value Hedge Funds

The court in Delaware clearly doesn’t believe that eliciting certain undramatic tidbits of news as supplemental disclosures is enough to earn plaintiffs’ attorneys their fees. Vice Chancellor Laster in particular has, in his own words, “been giving these [cases] a hard look for a while now,” and with Aruba the court puts its foot down. Read More