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London-based specialist European equity asset manager Argonaut Capital plans to launch an income-focused European equity fund, subject to FCA approval. The Argonaut European Income Opportunities Fund will aim to achieve a yield far higher than the overall index, through selectively investing in higher yielding companies with sustainable dividends.   Argonaut’s current model portfolio has a gross yield of about 5.7 per cent, far in excess of the 3.6 per cent yield for the MSCI Europe ex UK Index.   Greg Bennett (pictured) will be the lead manager on the European Income Opportunities Fund, supported by Argonaut’s team of analysts, as
MJ Hudson has expanded it's alternative investments offering with the acquisition of investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital. Established as an alternative investments law firm in 2010, MJ Hudson has grown rapidly and expanded its service offering within alternatives. Including the new acquisitions, MJ Hudson now provides advice and a fully integrated operating infrastructure to more than 300 asset managers, managing in excess of GBP200 billion. It also supports the activities of more than 100 institutional investors, together investing in excess of GBP500 billion.   Chief executive Matthew Hudson (pictured), says: “Our goal is
Singapore Exchange (SGX) is organising a roundtable with the National University of Singapore (NUS) Faculty of Law to discuss the feasibility of introducing the dual-class shares structure in the local market. The “Roundtable on Dual-Class Shares Structure and the Singapore Context” taking place on 14 November 2016, is part of SGX’s process of gathering feedback and engaging with stakeholders on an issue that has generated debate from stakeholders across the spectrum.   Featuring six speakers and moderated by Professor Hans Tjio of NUS Law who is co-director of the Centre for Banking & Finance Law, the roundtable discussion will be
Object Trading, a provider of multi-asset trading infrastructure, now fully conforms to Singapore Exchange’s (SGX) latest trading platform, Titan. Upgrading to Nasdaq’s Genium INET platform enables SGX to offer enhancements and new features to participants including new connectivity protocols, extended trading hours, and enhanced risk controls; and delivers the ability to support increasing growth and interest in the Asian derivatives markets.   Object Trading will continue to handle market data, order execution and pre-trade risk constraints for its clients trading on SGX, via its own Direct Market Access (DMA) Platform. Object Trading enables market participants to maintain existing, or facilitate
Certain Fortress Investment Group managed funds and accounts have acquired a limited partner interest in Red Rocks Energy Partners to own and develop oil and gas assets in over 7,200 acres in the SCOOP play in Grady, McClain and Garvin Counties, Oklahoma. Over the last five years, funds within Fortress’ credit business have invested over USD1.5 billion in both debt and equity across the power, renewables, midstream and upstream energy sectors, focused on opportunistic asset level investments.   The transaction is the second significant equity investment in exploration and production since the commodity price downturn, following Fortress Credit’s USD350 million
Grant Thornton ABAX Investment Services, based in Luxembourg, has selected PFS‐PAXUS for the administration of its funds services. Carlo Reding (pictured), partner of Grant Thornton ABAX Investment Services, says: “After a thorough evaluation process we identified that PFS‐PAXUS was going to be a great fit for our business. The breadth of functionality available within the system is very extensive and will put us in an ideal position to administer almost any fund structure that we might be presented with.”   Incorporated in 2009, Grant Thornton ABAX Investment Services is regulated by the CSSF and provides services such as transfer agent,
After what was a very strong start for CTAs in 2016, October data continued to see the downward performance the industry has faced since the summer, according to Societe Generale Prime Services SG CTA Indices. All SG Managed Futures indices ended the month negative and the flagship SG CTA Index ended the second consecutive month in the red, at -2.60 per cent, down 1.68 per cent YTD.   However, not all CTA strategies experienced difficult conditions; 15 per cent of the CTA Index’s 20 constituents contributed positive returns in October.   Conditions were particularly challenging for trend followers, with SG
The SS&C GlobeOp Hedge Fund Performance Index fell 0.12 per cent in October. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.73 per cent in November.   "Hedge funds gained assets over the past month as SS&C GlobeOp's Capital Movement Index increased 0.73 per cent for November of 2016," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "This gain was slightly lower than the 0.89 per cent reported for November of 2015, but still well within the normal range of variation for this time of the year. Overall, the results for November
Corporate debt specialist Muzinich is launching two funds to be managed by the loans team who recently joined from ECM Asset Management (ECM), a Wells Fargo Asset Management company. Muzinich announced in the summer that it had hired Torben Ronberg, Stuart Fuller, Sam McGairl and Alex Woolrich, who managed the sub-investment-grade business at ECM.    Ronberg and his team, who took up their posts this week, will now prioritise the launch of a new European senior secured loans vehicle, the Muzinich European Loans Fund.   They are also putting the foundations in place for the launch of a multi-asset vehicle,
ShoreVest Capital Partners, an institutional private investment firm specialising in Chinese distressed debt and structured credit, is bidding on its first non-performing loan (NPL) deals, just a few months after its launch. ShoreVest’s core team members have a 12-year track record and a combined 100+ years of experience in Chinese distressed debt and structured credit.   Much of this experience came from the many years they worked together as the majority of the senior team at their prior firm, Shoreline Capital.     Eight out of the 12 senior investment, legal, and compliance members from Shoreline Capital’s prior funds are

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