Share to Twitter Share to Linkedin As sinking stocks and recession fears spur interest in alternatives, fund managers and retail marketplaces are chomping at the bit for ‘mass affluent’ investors. After years of private equity firms aggressively marketing themselves to high-net-worth investors and their financial advisors, the message seems to be breaking through. Facing a bear market and bleak economic outlook, marked by inflation, supply chain imbalances and a hawkish Federal Reserve, more RIAs and high-net-worth investors are warming up to alternative investment funds – such as private equity, hedge funds, venture capital and private debt strategies – in their search for yield, according to advisors and investment managers who spoke with Forbes . “I think [retail] appetite is increasing,” says Donald Calcagni, Chief Investment Officer at Mercer Advisors, which oversees roughly $42 billion of client assets. “There is a sense among investors, … [Read more...] about Private Equity Bonanza Moves ‘Down Market’ Amid Bear Market Jitters
Publicly traded hedge funds
Zilingo founders join hands, make buyout offer as B2B startup teeters on edge of liquidation
Ankiti Bose (Image: @ankitibose/Instagram) Zilingo founders Ankiti Bose and Dhruv Kapoor have joined hands to make a management buyout offer of the company as the Singapore-based business-to-business (B2B) e-commerce startup is staring at voluntary liquidation, according to sources aware of the matter. "Given the potential of the business and the value you know this company can achieve, I urge you to consider the management buyout offer as a preferred alternative to voluntary liquidation," Dhruv Kapoor, Zilingo's co-founder and chief technology officer, told the Board of Directors of Zilingo, in a mail, a copy of which was viewed by Moneycontrol. "I make this offer on the basis of firm investor commitments and having appointed legal and financial advisers in respect of the management buyout offer," Kapoor added. According to the letter, the new investor will be infusing $8 million in equity in tranches. The offer further stated that pursuant to Singapore's Insolvency, … [Read more...] about Zilingo founders join hands, make buyout offer as B2B startup teeters on edge of liquidation
How I beat Wall Street for 103 consecutive months
Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months
What’s Up With Gold Miner Stocks?
It's been a rocky road for gold miners in recent weeks, even though the gold futures contract is now trading just 100 points under March's seven-year high above $1,700. A volatile mid-month shakeout dropped the yellow metal nearly 250 points in just six sessions, triggering huge gyrations in the broad family of gold mining stocks and funds. Most have now recovered the majority of lost ground, but it's anyone's guess what happens next. Interest rates may head into negative territory in coming quarters, undercutting gold's role as an inflation hedge, but fear is likely to stay elevated for months. Both elements could put stress on the world's monetary system, fostering instability that could provoke political consequences. The gold futures contract is likely to blow through 2011's all-time high at $1,912 if those disruptions undermine credit market liquidity or major currency pairs take off in hyperbolic trends. Gold miners could benefit from this disruption, coming into tight … [Read more...] about What’s Up With Gold Miner Stocks?