Latest News
Cohen & Steers is to launch the Cohen & Steers SICAV Global Preferred Securities Fund as part of its Luxembourg UCITS platform on 15 May 2017.
Cohen & Steers has been investing in the preferreds market for more than a decade; its US-based Cohen & Steers Preferred Securities and Income Fund is the largest actively managed preferred securities fund in the world.
“The launch of the fund is the latest step in Cohen & Steers’ commitment to bringing our core competencies in alternative income and real assets to European and other investors worldwide,” says Robert Steers, the firm’s chief
- 04/05/2017
Hedge funds must establish themselves as solid brands especially in a crowded marketplace, according to Vincent Au, the portfolio manager at New York-based hedge fund management firm Gondor Capital Management.
He believes this is more important for start-up hedge fund managers and smaller funds who must recognise that their brand is their most valuable asset.
“There are more than 15,000 hedge funds crowding the marketplace across the globe offering different strategies but targeting almost the same investors,” says Au. “With the number of requests for meetings, presentations, phone calls, emails, etc from investment managers, hedge fund investors are getting
- 04/05/2017
A record high of 251 fundraising and marketing professionals were hired by alternative asset management firms in the first quarter of 2017, according to data from the Context Jensen Partners’ Q1 2017 newsletter.
Context Jensen Partners (CJP) is a global corporate advisory and executive search firm that recruits capital raising talent for alternative investment managers.
“There is perhaps no better evidence that the industry has come of age than the number of senior professionals now working in a variety of distribution roles,” says Sasha Jensen (pictured), founder and CEO of Context Jensen Partners. “We view the record number of
- 04/05/2017
Invast Global has partnered with Lucid Markets, adding the world’s first non-bank FX market maker to its PurePrime platform which now offers over 20 unique FX and metals liquidity providers.
The suite of non-bank market-makers Invast Global has assembled within the PurePrime facility includes Citadel Securities, XTX Markets and Virtu Financial.
It allows clients without direct Tier 1 PB relationships to access the liquidity provided by non-bank market-making giants.
Offering a tailored solution for institutional clients, brokerages, hedge funds and sophisticated traders, PurePrime offers access to disclosed bank, non-bank and ECN liquidity via multiple trading GUIs or API,
- 04/05/2017
The Depository Trust & Clearing Corporation (DTCC) has appointed Valentino (Val) Wotton as managing director, DTCC Deriv/SERV, effective 29 August, 2017.
Wotton (pictured) will be responsible for product development and strategy, reporting to Chris Childs, president and CEO of DTCC Deriv/SERV.
Prior to DTCC, Wotton served as head of post trade services and europe operations at Barclays. There, he was responsible for the implementation of a strategic global operational model to provide improved service capabilities to clients and internal businesses as well as the design and delivery of an enhanced strategic architecture to achieve automation, process improvement and risk
- 04/05/2017
- 04/05/2017
One of the clearest messages that came out of CAIS 2017 was that the world is changing in innumerable ways that have the capacity to shock and destabilise. One only has to refer recently, to Brexit and the outcome of the US presidential election, to appreciate that uncertainty is the only known certainty to contend with in an ever more complex, interconnected world.
As KPMG's Cowell said, headline risk seems to dominate decision making: "It's unlikely that markets will be able to deliver on expectations. Turbulence in China and uncertainty in US markets is causing an institutional shift in investing.
- 03/05/2017
- 03/05/2017
The alternatives industry has a duty to not only defy gravity and deliver strong returns, but to do so in a way that can genuinely change the world for the better, inspiring the next generation of star managers and investors.
Cognisant of its importance, CAIS 2017 focused on philanthropy and impact investing and emerged as key themes among panellists. It demonstrated a collective vision of responsible investing in new technologies and energy initiatives, to make the world a better place. And a commitment to philanthropic endeavours to bring people out of poverty, not just in the developing world, but first
- 03/05/2017
One of the most significant forces of change in the global alternatives industry over the last five to ten years has been the plethora of technological advances. Never has Moore's Law, which argues that the processing power of computers doubles every two years, been more evident. This has come at a time when the gravitational pull of market regulation has stretched fund managers to breaking point, not just operationally but from a cost of compliance perspective.
Technology has been a saviour, allowing fund managers to effectively outsource all non-core investment functions as software providers have developed comprehensive cloud platform solutions;
- 03/05/2017
There was no shortage of idea generation when it came to discussing the various ways alternative fund managers are trying to overcome the gravitational effects of market forces in a bid to boost returns.
As markets begin to normalise, fundamental-focused active fund managers are seeing more opportunities to trade both long and short, while credit markets are offering opportunities, especially for those pursuing relative value strategies to profit from tightening spread ratios between investment grade and high yield corporate bonds.
But this is no time for managers to rest on their laurels. The alternatives industry, as a whole, remains vibrant but
- 03/05/2017
- 03/05/2017
If one were to draw a planetary parallel to the chaos that central bank intervention has caused in global markets over the last five years, then Jupiter, and specifically its Great Red Spot, would be appropriate.
"Eight years after the financial crisis, the world suffers from a debt hangover. Globally we are approaching the limits of monetary policy and the battle of the balance sheet is now becoming the battle for the consumer – customisation is king," says KPMG's Anthony Cowell, when speaking to Hedgeweek at CAIS 2017.
Quantitative easing and a central bank obsession with supporting the global economy
- 03/05/2017
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