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Hedge Funds / Public
- Investors Redeemed Nearly $100B From Hedge Funds in 2019 (CIO)
- Bill Miller's HF Returns 120% Following 34% Loss in 2018 (CIO)
- Low Interest Rates Turned Hedge Funds Into a Recession Risk (CCN)
- Top 20 Hedge Funds Made $59.3B in 2019, Biggest in a Decade (FT)
- Druckenmiller Embraces Risk Once Again, but More Cautiously (BB)
- Hedge Funds Deliver Biggest Gain but Still Less Than the Market (II)
- Almost No One’s Starting New Hedge Funds Anymore (II)
- Hedge Funds’ Stock Winners and Losers of the Decade (II)
Private Equity / Venture
- Era of Mega-Funded Unicorns Is Coming to an End (CNBC)
- Private Equity, "If You Can't Measure It, You Can't Manage It" (CFA)
- PE Has Become a 'Scapegoat' for the Anti-Wealth Movement (PEI)
- Partners Group Offers Institutional-Quality Opportunities (PEI)
- PE Fundraising Reaches $537.2b, Highest Since the Crisis (PEI)
- Private Equity Fundraising Slips in 2019 (PI)
- PE Begins 2020 With More Cash Than Ever Before (PI)
- 2019 Was Another Record Year for Healthcare VC Funding (VCJ)
Real Assets
- Stocks More Than Doubled Over the Last Decade (II)
- How Trustworthy Is EBITDA? Inflated Valuations (PEI)
- Wall Street Will Ditch New York for Cheaper Cities (BI)
- Private Real Estate Is Connecting to 5g (PERE)
- Canadian Funded Ratio All-Time High Due to Bond Yields (CIO)
- Interest Rates Below 1% Indicate a European Housing Bubble (NYT)
- Blackstone Byron Wien Says to 'Watch Gold in 2020' (CNBC)
- EU Pensions Show Massive Shortfalls in Stress Test (CIO)
Hedge Funds / Public
- Investors Redeemed Nearly $100B From Hedge Funds in 2019 (CIO)
- Bill Miller's HF Returns 120% Following 34% Loss in 2018 (CIO)
- Low Interest Rates Turned Hedge Funds Into a Recession Risk (CCN)
- Top 20 Hedge Funds Made $59.3B in 2019, Biggest in a Decade (FT)
- Druckenmiller Embraces Risk Once Again, but More Cautiously (BB)
- Hedge Funds Deliver Biggest Gain but Still Less Than the Market (II)
- Almost No One’s Starting New Hedge Funds Anymore (II)
- Hedge Funds’ Stock Winners and Losers of the Decade (II)
Private Equity / Venture
- Era of Mega-Funded Unicorns Is Coming to an End (CNBC)
- Private Equity, "If You Can't Measure It, You Can't Manage It" (CFA)
- PE Has Become a 'Scapegoat' for the Anti-Wealth Movement (PEI)
- Partners Group Offers Institutional-Quality Opportunities (PEI)
- PE Fundraising Reaches $537.2b, Highest Since the Crisis (PEI)
- Private Equity Fundraising Slips in 2019 (PI)
- PE Begins 2020 With More Cash Than Ever Before (PI)
- 2019 Was Another Record Year for Healthcare VC Funding (VCJ)
Real Assets
- Stocks More Than Doubled Over the Last Decade (II)
- How Trustworthy Is EBITDA? Inflated Valuations (PEI)
- Wall Street Will Ditch New York for Cheaper Cities (BI)
- Private Real Estate Is Connecting to 5g (PERE)
- Canadian Funded Ratio All-Time High Due to Bond Yields (CIO)
- Interest Rates Below 1% Indicate a European Housing Bubble (NYT)
- Blackstone Byron Wien Says to 'Watch Gold in 2020' (CNBC)
- EU Pensions Show Massive Shortfalls in Stress Test (CIO)
Managers(GPs)
- BlackRock to Raise at Least $400M for Climate Infra Fund (PEI)
- David and Stan Are Still Bullish but Expect a Slow Down(CNBC)
- New Memo From Howard Marks: You Bet! (OAK)
- Lone Pine Capital Beats Market (II)
- Tiger Global Beats Market Again, Up 33% (II)
- Biggest Private Equity Closes, Blackstone Wins (II)
- Byron Wien and Joe Zidle Announce Ten Surprises for 2020 (BS)
- Pimco, CQS, Hayfin Are Betting on Distressed Debt (FT)
Allocators(LPs)
- Monetary Easing Puts Pensions at Risk of Liquidity Shortfall (CIO)
- How a $40B Public Pension Fund Chooses Its Alt Investments (LI)
- Head of CPPIB Warns Against Illiquid Assets (CIO)
- PwC Forecasts Pension Fund Assets to Reach $61T by 2025 (PI)
- Study Finds ESG Is Not a Big Factor in Fund Selection (PI)
- CEO of CPPIB Warns on Rush to Illiquid Alt Asset Class (YH)
- PBGC Approves Merger of Two New York Pension Funds (CIO)
- Family Offices Slash Allocation to Alts by More Than Half (CIO)
Blockchain
- UAE Adopts Blockchain, Could Save Them Billions in Cost (CIO)
- Bitcoin on the Rise, Many Believe for the Last Time (DB)
- Henry Kravis Is Now Invested in a Cryptocurrency Fund (CCN)
- A $1,800 Drop in Minutes: Bitcoin Volatility on Full Display (BB)
- Bitcoin Topping $11,000 Propels Crypto-Linked Stocks Higher (BB)
- Potential Regulatory Problems with Facebook's Crypto (CAM)
- Facebook to Launch its Own Crytocurrency (BI)
- Tim Draper to Meet With Facebook on Crypto Fund (BB)
Greed / Optimism
- Will Institutional Investors Favor Private Equity in 2020? (BC)
- Recession Fears Recede, Slight Shift From Bonds to Stocks (FT)
- Ed Yardeni Is Bullish, Possible Correction but No Recession (CIO)
- US Bank Pensioners Sue Although They Were Overfunded (II)
- Praesidium Fights Sale of Instructure to Thoma Bravo (R)
- Blackstone Won't Go Down Alone in Denmark (BB)
- Buffet Bets On Dialysis Giant, But It Smells Fishy (II)
- Sustainable Investment Skeptics are Becoming Believers (CIO)
Fear / Pessimism
- KKR's Petraeus Says the US and China Are in a Tech Cold War (PEI)
- Scott Simon Rejects Alt Investment for Retirement Plans (MS)
- Paul Tudor Jones Says, "Stock Market Feels Like 1999's" (CIO)
- Paul Tudor Warns, This Bullish Run Reminds Him of Early '99 (CNBC)
- Druckenmiller Embraces Risk Once Again, but More Cautiously (BB)
- What Investment Issues Keep You Awake at Night? (PEI)
- Negative Yields, Shrinking Unicorns, and More for 2020 (BB)
- Asia Uncertainty Means Brand Name Funds May Benefit (PEI)
Occupy: Alts
- SECURE Act Will Allow 401(k)s to Invest in Alternatives (TH)
- Since Endowment Success, Liquid Alt ETFs Are The Star (II)
- The New Wave of Alts Investors (II)
- AI Professionals Bullish on Prospects for Remainder of 2019 (HW)
- Investor Alex Rodriguez Is Big on Alts (CIO)
- Is India's Exotic Funds Explosive Growth a Problem? (BB)
- How Japan Post Insurance Will Deploy Next $7B in Alts (PEI)
- Alts Offset Shaky 2018 for Swedish Fund (CIO)
Buffett / Berkshire
- Warren Buffett's Faith in Boeing Helps It Soar (ZH)
- Tech Execs Survey Proves Buffett's Pricey Market Theory (CNBC)
- Buffet Bets On Dialysis Giant, But It Smells Fishy (II)
- Buffet Outbid by Private Equity In Berkshire's Deal Hunt (BB)
- Charles Schwab Breaks Warren Buffet's #1 Rule (CNBC)
- Warren Buffett Is Quiet about Stocks With a Distressing Signal (BB)
- What ‘Sets Apart a Big Winner from the Rest of the Pack’ (CNBC)
- The David Rubenstein Show: Warren Buffett (BB)
China
- China's Tech Revolution Saved the Economy and Created Jobs (NYT)
- KKR's Petraeus Says the US and China Are in a Tech Cold War (PEI)
- Chinese GPs Fail to Close Due to Trade Tension and Appetite (PEI)
- China's VC Deals Fell Dramatically From $302b to $258b in 2019 (F)
- Hong Kong's LI Ka-Shing Comeback With a Power Plant (SCMP)
- Future of Israel's Tech Comes Down to US vs China (VCJ)
- Sequoia and Hillhouse Still Betting on Chinese Opportunity (FB)
- China's Corrected Valuation Is a Valuable Lesson (FT)
Opinions / Academia
- Eerie Similarity: The Roaring Twenties and Today (CIO)
- China's Tech Revolution Saved the Economy and Created Jobs (NYT)
- 8 Things That Almost Certainly Won't Happen in PE in 2020 (PEI)
- SEC Self-Aware, Armaco Fail, and More (BB)
- You Can't Spot a Bubble, So Don't Even Try, Says Eugene Fama (CIO)
- Value Investing’s Heady Days Aren’t Coming Back, Study Says (II)
- Policy Makers Should Take a Look at Private Equity (BB)
- The Good Side of Buy-And-Hold (VW)
Publications & Presentations
- World Economic Forum Panel Discussion on Negative Yield (WEF)
- The Rise of Challenger Banks (FTP)
- Decreasing Returns for PE Funds That Grow (SSRN)
- Story of the Year: Best Quotes of 2019 (PEI)
- PEI's Most Downloaded Podcasts (PEI)
- Revealed: The Busiest LPs of 2019 (PeI)
- Ten People Set to Shape Wall Street in 2020 (FT)
- 2019 Industry Innovation Awards (CIO)
Emerging Managers / Emerging Companies
- Elizabeth Burton Overhauls Hawaii ERS (CIO)
- VTS Is No Stranger to Real Estate Disruption (PERE)
- Citadel's Trading Arm Beats Hedge Funds and Outpaces Banks (BB)
- 2019 Asset Management Winner, NISA Investment Advisors (CIO)
- CalPERS CEO Ben Meng Already Reforming ESG (CIO)
- Emerging Managers Offer Co-Investment Rights to Attract LPs (PEI)
- 4 Takeaways from Emerging Manager Connect 2019 (PEI)
- Emerging Manager Report (PEH)
Fees and Terms
- HK's Carried Interest Reform Could Make Them a Tax Haven (PEI)
- FoFs in PE Started Using AI to Lower Cost (RN)
- SEC Will Pay Close Attention to Investment Advisors in 2020 (CIO)
- Fee Competition Hasn't Lowered Prices Due to High Expense (II)
- CalPERS Alters 'Customised Investment Account' Policy (Pei)
- TRS of Texas Beats Quant Firm in Cutting Trading Costs (II)
- Less Active Managers Prompt LPs to Negotiate Lower Fees (II)
- SEC Discovers Advisers Are Failing to Supervise Their Reps (HFLR)
Emerging Markets
- French Banks Are Opaque, but Their Private Debt Is Growing (PDI)
- Growth-Oriented Technology Investments Are Hot (PEI)
- What Latin American Pension Funds Are Looking for (PEI)
- Indian Asset Managers Are Beating Global Peers (PI)
- There Is Emerging Interest in Emerging Markets (PEI)
- Investor Bets Continue to Grow in Vietnam (DSA)
- Abraaj Collapse Spurs Private Equity Rethink (AT)
- Promising Second-Tier Emerging Markets (CIO)
Direct / Co-Investment
- RSIC's New Co-Investment Program (CIO)
- Health Care Systems Clamor for Co - Investments (II)
- Board Wants CalPERS to Start Co-Investing (PH)
- PE Clients Turn to Co-investments to Reduce Costs (PEN)
- Co-investment Growth Leads to Uncertainty Over Terms (PEI)
- CalSTRS: ‘Co-investments should be increased’ (PEI)
- Infrastructure Funds Are Hauling in Record Amounts of Cash (B)
- Morgan Stanley Raises $516M fo HF Co-Investments (BB)
Potpourri
- Airline Stocks Fly High Despite Boeing Max Mess (CIO)
- These Storylines Defined the Last Decade in Brewing (FB)
- Back at Work and Stressed? Cute Animal Photos May Help (WSJ)
- Imagine Our Future Through Technology (YT)
- The Bloomberg 50 (BB)
- Placement Agents Improve The Odds of Success (II)
- Steve Cohen Close to Buying Majority Stake in New York Mets (WSJ)
- Investors Say Zuckerberg’s ‘Totalitarian Grip’ Must End (CIO)