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Man Group today has announced a number of internal promotions within Man AHL, its diversified quantitative investment manager, aimed at ensuring continuity of leadership. Antoine Forterre and Matthew Sargaison have been appointed co-CEOs of Man AHL, reflecting their instrumental roles in the development and execution of Man AHL’s strategy over several years. Antoine and Matthew will continue to report to Sandy Rattray (pictured), Man Group’s Chief Investment Officer (CIO) and former CEO of Man AHL, who retains overall oversight of Man AHL at a Group level as CIO. Tim Wong continues in his role as Man AHL’s Executive Chairman, alongside
MidOcean Credit Partners, an affiliate of MidOcean Partners, a premier New York-based alternative asset manager, has closed a USD600 million collateralised loan obligation (CLO), MidOcean Credit CLO VII. The transaction was led by Goldman Sachs & Co.   The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have a four-year reinvestment period and a two-year non-call period. The transaction is MidOcean’s first CLO structured to comply with US risk-retention rules.   Jim Wiant (pictured), Managing Director at MidOcean Credit Partners, says: “The successful closing of CLO VII, MidOcean’s largest CLO to date, demonstrates our
The Luxembourg Stock Exchange (LuxSE) has listed the first ever Reserved Alternative Investment Fund (RAIF). The new RAIF was brought to market by Finexis and has been listed on the Euro MTF market.  RAIFs are a new type of vehicle that combine the characteristics and structures of specialised investment funds (SIFs) and investment companies in risk capital (SICARs) qualifying as Alternative Investment Funds (AIFs). However, unlike traditional AIFs, RAIFs are not subject to approval from Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier, also known as the CSSF.    The Law of 23 July 2016, which came into effect
Polen Capital has promoted Research Analyst Jeff Mueller (pictured), to co-portfolio manager of the firm’s Global Growth strategy. Mueller joined the Large Company Growth Team in 2013 as a research associate and was promoted to research analyst shortly after his hiring. He will manage the portfolio collaboratively with Lead Portfolio Manager Julian Pick, who launched the Global Growth strategy in 2014.   “I am thrilled to have Jeff join Julian as Co-Portfolio Manager on the Global Growth strategy of our Large Company Growth Team,” says Dan Davidowitz, Head of the Large Company Growth Team and Focus Growth Portfolio Manager. “Jeff is
SEI has acquired Archway Technology Partners, a provider of operating technologies and services to the family office industry and the institutions who service that market. SEI says the move will allow it to better serve the family office segment, and address additional verticals, including institutions, investment advisors, private banks, hedge funds, and private equity funds.   “This announcement represents a modest shift in SEI’s long-held belief in purely organic growth. We believe there is value in growing through carefully considered strategic acquisitions that add to our expanding geographic footprint, market reach, platform functionality and expertise,” says Alfred P West, J, Chairman and
Most alternative investment management firms are able to turn a profit and expand with considerably less than USD100 million in assets, according to a survey of sub-USD500 million firms by the Alternative Investment Management Association (AIMA) and boutique prime broker GPP. The joint AIMA/GPP survey of 135 alternative asset managers globally found that the average break-even point is around USD86m, while around a third are able to break even with USD50 million in assets or less. Break-even was found to be highest among global macro hedge fund firms that responded to the survey (USD132 million on average) and smallest for
There’s a lot hackers can do to wreak havoc for private equity and other investment firms – and it extends far beyond forcing users to change their passwords. In fact, with their roguish hands on the right information, the consequences can be downright destructive for a firm’s business operations and integrity.  Systems & network access  Of course, with stolen passwords and login credentials, hackers can gain access to company systems and networks – not an insignificant feat. Unfortunately, we’ve seen many cases over the years where users rely on reused passwords across multiple systems – meaning when a hacker deciphers
Scott D Peterman (pictured), has joined Orrick as a partner in the firm’s M&A and private equity practice in Hong Kong. Peterman, who joins from Jones Day, is the sixth partner to join Orrick’s global M&A practice over the past year and will be the firm’s fifth partner in Hong Kong. Last month, the firm announced the addition of Mark Lehmkuhler, a former Davis Polk partner, to our M&A practice in Hong Kong.   “The addition of Scott and Mark are two great steps forward in advancing our Greater China strategy,” says Xiang Wang, Orrick’s Asia Managing Partner. “They add
Preqin’s latest research examines two ways of defining emerging hedge funds (EHFs); ‘small’ first-time funds with USD300 million or less in AUM, or ‘new’ first-time funds with a three-year track record or less. Preqin finds that each group has posted higher returns across 12-month and 3- & 5-year annualised horizons compared to the wider fund industry. ‘New’ EHFs in particular have posted higher rolling 12-month performance than the wider industry for most of the past five years. While this level of performance has historically been accompanied with a higher level of volatility, three- year volatility for ‘new’ EHFs has converged
Los Angeles Capital Management has appointed Edwina Acheson (pictured), as a managing director in the Firm’s UK relationship management team. Acheson will be based in London at the Firm’s wholly owned subsidiary, LACM Global, Ltd.  Together with senior relationship manager Charles Morris, CFA, Acheson will be responsible for developing institutional client and consultant relationships across Europe.   Prior to joining LACM Global, Acheson worked for Arrowstreet Capital where she was a director of its European entity, with responsibility for business development in the region. She was actively involved in helping the firm build its UCITS pooled fund business, and was

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