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4 Jan 2024

Abu Dhabi Royal Sets Up Firm to Hold $27 Billion in Assets

Abu Dhabi’s largest listed company, led by a key member of the emirate’s royal family, is setting up a new holding firm with assets worth 100 billion dirhams ($27 billion) across sectors ranging from financial services to mining. The new firm, called 2PointZero, will be transferred into Abu Dhabi’s $239 billion International Holding Co. Its holdings will include portions of Sheikh Tahnoon bin Zayed Al Nahyan’s sprawling empire, according to a statement late Tuesday. Lunate, Abu Dhabi’s newest fund, will be part of 2PointZero. International Resources Holding, which last month invested more than $1 billion in Zambia’s Mopani copper mine, will also be transferred into the vehicle. Other holdings will include private investment firm Chimera, Egypt’s Beltone Financial, crypto miner Citadel Technologies and Middle East-focused Sagasse Investments. Source: Bloomberg

22 Dec 2023

The longer you own an actively managed mutual fund, the more likely you are to underperform the market, especially on a risk-adjusted basis

Source: Peter Mallouk

22 Nov 2023

According to an FT article published on Tuesday, Blackstone is to close a fund that offers investors exposure to a range of hedge funds and other trading strategies

This comes after assets fell nearly 90 per cent in four years amid lacklustre returns. The US alternative asset manager has told investors it will wind down the Blackstone Diversified Multi-Strategy fund by the end of the year, the group told the Financial Times. The so-called Ucits fund is governed by EU rules that make it easier for non-specialist investors to buy. Multi-strategy Ucits funds such as this are in part an attempt by managers to capitalise on the success of giant hashtag#hedgefunds such as Citadel and Millennium, which employ teams of traders across a wide range of strategies and which were among the biggest hedge fund winners from the coronavirus pandemic. The fund’s closure, which has not previously been reported, demonstrates how hard it can be to capture and package that success for a wide audience. Source: Financial Times

25 Sep 2023

Norway sovereign fund’s assets have ballooned to over $1.4 trillion

That puts Norway's sovereign fund at a similar size to that of China's — yes, the same China that has more than 260x as many people as Norway has. Source: Chartr

18 Sep 2023


Where investors have put their #cash this year (hint: NOT stocks) via Goldman


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