Closing: Marble Arch
In a letter to investors, Marble Arch Investments LP disclosed it is shutting down after 11 years. The long/short equity [Read More]
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Ackman takes $1B stake in Lowe’s, shares soar 10%
Lowe’s shares are currently trading 10% higher at $94.30 as reports circulated that Pershing Square Capital Management had built a [Read More]
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San Francisco City & County allocates $100M to BFAM
The San Francisco City & County Employees’ Retirement System allocated $100 million to BFAM’s Asian Opportunities Fund, a multi-strategy [Read More]
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CEM Benchmarking Study: After fees, hedge funds fail to add value to traditional equity/bond portfolio
CEM Benchmarking released findings on a hedge fund study which found hedge funds underperformed an equity/debt benchmark by an average [Read More]
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Gelband’s ExodusPoint expected to launch with $8B
Michael Gelband’s ExodusPoint is launching on June 1 with about $8 billion in assets. If that occurs, it will be [Read More]
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