Johnson Associates:  Hedge fund bonuses likely to be 5-10% smaller than last year

“The pandemic is wreaking havoc on many parts of the US economy this year and the financial services industry is [Read More]
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Sightings….

Odey Asset Management has hired Robert Marshall-Lee to head its new global emerging markets team. The team will manage long-only [Read More]
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Launches/Assets Raised: Varde raises $1.6B for dislocation fund, Fortress seeds Carronade with $100M

Varde Partners announced its final close of The Varde Dislocation Fund, raising $600 million more than its $1 billion target. [Read More]
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Dyal buys minority stakes in Iconiq and TowerBrook

Neuberger Berman’s Dyal Capital had purchased minority stakes in Iconiq Capital and TowerBrook Capital Partners. According to sources, Dyal bought [Read More]
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Ackman puts on new trade hedging his equity exposure

Pershing Square’s Bill Ackman disclosed yesterday at a Financial Times conference that he put on a new trade, hedging his [Read More]
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