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By Matt Mulry, Dillon Eustace – Cayman has seen a healthy increase in private equity funds year on year over the past decade. The popularity of Cayman private equity funds has been fuelled by both the evolution of hedge fund managers’ businesses into the private equity fund space and by the increased use of private equity funds to pursue distressed asset investments.
The Cayman exempted limited partnership (ELP) structure is the most commonly used entity for Cayman private equity funds and is internationally recognised as a flexible, tax-neutral, low-cost fund vehicle. ELPs do not have their own legal personality and their
- 24/04/2017
Tikehau Capital, a pan-European listed alternative asset management and investment firm, has appointed Peter Cirenza as head of its London operations, effective 24 April 2017.
Cirenza will be responsible for helping develop the firm’s private asset strategies – private debt, real estate and private equity.
He will be running the London operations alongside chairman Lord Peter Levene.
Cirenza has been a member of Tikehau Capital’s advisory board since 2005. In this role, he has been supporting the company’s leadership team providing his insight as an outside expert in principal investing, structured finance and mergers and acquisitions.
Bringing
- 24/04/2017
Kempen Capital Management has launched a solution that enables professional investors to access the structured credit market in a cost-efficient manner.
The Diversified Structured Credit Pool (DSCP) is a pool comprised of long-only structured credit funds carefully selected by Kempen, through which investors are able to gain access to three best-in-class structured credit specialists (GoldenTree, LibreMax and One William Street).
Kempen has a long history investing in structured credit managers since 2009, as part of its flagship fund of hedge funds (FoHF) Kempen Orange Investment Partnership. Its hedge fund solutions team includes three portfolio managers, who each have more
- 24/04/2017
- 24/04/2017
LOGiQ Asset Management has appointed Colleen McMorrow and the Honourable Joe Oliver to its board of directors, effective 21 April 2017.
McMorrow (pictured) has also been appointed the chair of the board's audit committee.
McMorrow is an accomplished business professional who recently retired as partner from a 38-year career at Ernst and Young where she held a number of senior leadership positions.
She presently serves as a director on various boards and also participates in the capacity of chair of the Finance and Audit Committee for the Investment Management Corporation of Ontario board and as a member of
- 24/04/2017
Matthew Chamberlain has been appointed as chief executive of the London Metal Exchange (LME), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), subject to the approval of the UK Financial Conduct Authority (FCA).
Chamberlain (pictured) will remain on the LME board and will continue as a member of HKEX’s management committee.
Chamberlain has been the interim chief executive since January 2017 and was previously the chief operating officer and head of strategy of the LME, and co-head of business development across the LME and LME Clear. During his time at the LME, Chamberlain has led the
- 24/04/2017
The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to London-based NEX SEF Limited, granting it registration status as a swap execution facility (SEF).
NEX SEF is a private limited company, incorporated in the UK and a wholly-owned subsidiary of NEX Group, also headquartered in London.
SEFs are platforms that operate under the CFTC’s regulatory oversight for the trading of swaps. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 authorized the creation of SEFs.
After a review of its application and associated exhibits, the CFTC has determined that NEX SEF demonstrated
- 21/04/2017
- 21/04/2017
Total hedge fund industry capital increased to a third consecutive quarterly record in the first quarter of 2017, as investors increased allocations to event driven and quantitative, trend-following systematic macro strategies.
Industry assets ended Q1 2017 at USD3.07 trillion, a quarterly increase of USD47.2 billion (1.6 per cent), according to the latest HFR Global Hedge Fund Industry Report, released by HFR.
In the trailing 12 months, total hedge fund capital has increased by 7.3 per cent.
The HFRI Fund Weighted Composite Index (FWC) rose 2.4 per cent in Q1 2017 led by equity hedge strategies, while the HFRI
- 21/04/2017
Hedge funds gained 0.53 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge, extending its string of wins to a fifth consecutive month.
For the first quarter of 2017, the index was up 2.99 per cent.
“The ongoing global equity rally has been a significant driver of returns for the past five months,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Fifteen of Barclay’s 17 hedge fund indices gained ground in March. The Technology Index was up 2.26 per cent, Healthcare and Biotechnology gained 1.41 per cent, European Equities were up 1.22
- 21/04/2017
CAMRADATA, a provider of data and analysis for institutional investors, has launched a new monthly snapshot of the top investment searches carried out in CAMRADATA Live, to provide investors with greater insight into the latest trends.
The top three asset classes searched in March 2017 were US equity, global equity and global diversified growth funds.
There was also increased interest in emerging markets debt, which moved from being the 21st most searched asset class in February 2017 to the 10th in March 2017. There was also greater search activity focused on global corporates during March, compared to February.
The top searched
- 20/04/2017
The Lyxor Hedge Fund Index was up 0.5 per cent in March, fuelled by fixed income strategies.
In Q1, meanwhile, event-driven managed to outperform, up 2.1 per cent, according to the latest Lyxor Hedge Fund Brief.
Improving returns for alternative strategies and rising concerns over the valuation of US equities led to strong inflows into alternative UCITS. In Q1, the asset class saw double-digit billion euro inflows in Europe, mainly benefitting multi-strategy, fixed income arbitrage and market neutral L/S strategies.
Lyxor writes: “In terms of positioning, it is interesting to note that global macro managers have significantly increased
- 20/04/2017
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