Scott Bessent Steps Up, Soros’ Son Steps Back (Insider Monkey)
Scott Bessent will step up to the plate as the new CIO for the $25 billion hedge fund, Soros Fund Management, while Jonathan Soros – son of co-founder George Soros – steps back from his role overseeing day-to-day management of the firm.
Nelson Peltz Pelts Obama To Encourage Investment (CNBC)
Nelson Peltz, manager of Trian Partners, said Washington needs more leadership and certainty from the Obama administration to spur economic development. According to Peltz, adding jobs to the economy is a matter of encouraging investment among millionaires and billionaires.
Marathon Asset Names Partners To Go The Distance (Insider Monkey)
Stuart Goldberg, Jake Hyde, and Andrew Springer were named as partners by $10 billion hedge fund, Marathon Asset Management LP, as it seeks to capitalize on the real estate market in the Eurozone.
Hedge Funds Pump Up Oil Since Tropical Storm (SFGate)
Hedge funds raised expectations on oil significantly since March as tropical storms have hindered production and output in the Gulf of Mexico increasing prices by 15% since last week.
eVestment Acquires HedgeFund.net, Capital Letters (MarketWatch)
eVestment Alliance, a global provider of institutional investment data intelligence and analytic solutions, announces its plans to expand its global databases through its acquisition of Channel Capital Group, owners of HedgeFund.net.