Hedge fund

Arrow Capital Management Inc. Announces Sub-Advisor Update

Retrieved on: 
Wednesday, June 24, 2020
Economy, Finance, Money, Investment management, Management fee, Investment fund, Cayman Islands, Hedge fund, Fund of funds

They have established a Cayman resident investment manager, East Coast Asset Management SEZC ("ECAM").

Key Points: 
  • They have established a Cayman resident investment manager, East Coast Asset Management SEZC ("ECAM").
  • While ECAM's portfolio management team will be based in the Cayman Islands, there will be no change to the people or strategy, currently used to manage the Funds.
  • Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments.
  • SOURCE Arrow Capital Management Inc.

SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS ENPH, GRPN, LOPE, PRA INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

Retrieved on: 
Tuesday, June 23, 2020
Economy, Finance, Money, Institutional investors, Financial markets, Hedge fund, Short

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

Key Points: 
  • If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.
  • KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms.
  • KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies.
  • KSF has offices in New York, California and Louisiana.

SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS ELAN, FSCT, R, WFC INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

Retrieved on: 
Tuesday, June 23, 2020
Economy, Finance, Money, Institutional investors, Financial markets, Hedge fund, Short

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

Key Points: 
  • If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.
  • KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms.
  • KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies.
  • KSF has offices in New York, California and Louisiana.

First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.08 Per Share for July

Retrieved on: 
Monday, June 22, 2020
Professional services, Finance, Finance, Money, Economy, Investment funds, Institutional investors, Exchange-traded fund, Mutual fund, Investment management, Hedge fund

First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on July 15, 2020, to shareholders of record as of July 2, 2020.

Key Points: 
  • First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on July 15, 2020, to shareholders of record as of July 2, 2020.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

Hedge Funds See $38.1 Billion in April Hedge Fund Redemptions, According to Backstop BarclayHedge

Retrieved on: 
Monday, June 22, 2020
Finance, Money, Economy, Institutional investors, Alternative investment management companies, Financial markets, Investment management, Investment, Hedge fund, Fund of funds, Private equity

April's redemptions represented 1.3% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.

Key Points: 
  • April's redemptions represented 1.3% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
  • Investors redeemed nearly $13.1 billion from funds in the U.K. and its offshore islands during the month, while funds in Continental Europe experienced nearly $2.6 billion in outflows.
  • Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds and real estate investment firms.
  • BarclayHedge, a division of Backstop, currently maintains data on more than 7,100 hedge funds, funds of funds and CTAs.

OpenDoor Launches Anonymous Trading Venue for On the Run U.S. Treasuries

Retrieved on: 
Monday, June 22, 2020
Opendoor, Hedge fund, Security

JERSEY CITY, N.J., June 22, 2020 /PRNewswire/ -- OpenDoor Securities LLC ("OpenDoor") has launched the first 'all-to-all' marketplace for on-the-run ("OTR") U.S. Treasuries.

Key Points: 
  • JERSEY CITY, N.J., June 22, 2020 /PRNewswire/ -- OpenDoor Securities LLC ("OpenDoor") has launched the first 'all-to-all' marketplace for on-the-run ("OTR") U.S. Treasuries.
  • The anonymous order book will be the first U.S. Treasury venue to offer non-discriminatory pricing in benchmarks regardless of an account's designation.
  • OpenDoor is experiencing an uptick in volume in its less liquid off-the-run ("OFTR") issues and anticipates the same in OTRs.
  • Headquartered in Jersey City, New Jersey, OpenDoor has a client base that consists of pension funds, sovereign wealth funds, primary dealers, asset managers, hedge funds, and trading firms.

BAIDU 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Baidu, Inc. - BIDU

Retrieved on: 
Saturday, June 20, 2020
Legal, Professional services, Economy, Finance, Money, Charles Foti, Hedge fund, Short, Madoff investment scandal

This action is pending in the United States District Court for the Northern District of California.

Key Points: 
  • This action is pending in the United States District Court for the Northern District of California.
  • Baidu and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms.
  • KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies.

IFIC Monthly Investment Fund Statistics – May 2020

Retrieved on: 
Friday, June 19, 2020
Economy, Finance, Money, Institutional investors, Mutual funds, Investment fund, Investment management, Hedge fund

IFIC direct survey data (which accounts for approximately 84% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.

Key Points: 
  • IFIC direct survey data (which accounts for approximately 84% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.
  • * Important Information Regarding Investment Fund Data:
    Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
  • The Investment Funds Institute of Canada is the voice of Canadas investment funds industry.
  • IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals.

SS&C GlobeOp Forward Redemption Indicator: June notifications 4.24%

Retrieved on: 
Friday, June 19, 2020
Hedge fund, Finance, SS&C Technologies, Money, Economy, Schutzstaffel, Bloomberg Barclays US Aggregate Bond Index, Hedge fund replication

The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp.

Key Points: 
  • The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp.
  • The SS&C GlobeOp Hedge Fund Index is available at www.sscglobeopindex.com or through a link on the homepage of www.sscglobeop.com .
  • The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom SS&C GlobeOp provides administration services on the SS&C GlobeOp platform.
  • The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform.

Benzinga and TradeSmith Partner on API Integration

Retrieved on: 
Thursday, June 18, 2020
Hedge fund, Hedge

"Our team is excited to integrate our data and news with their current outstanding research in order to keep chasing these goals."

Key Points: 
  • "Our team is excited to integrate our data and news with their current outstanding research in order to keep chasing these goals."
  • TradeSmith provides hedge fund-level insights designed for the individual investor.
  • Benzinga is an innovative financial news outlet that has become the first choice for brokerages given its easy-to-integrate API suite and easy-to-consume content.
  • Benzinga provides timely, actionable news that helps users navigate a wide breadth of equities in even the most uncertain and volatile markets, in real time.