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Alternative investment specialist Investcorp has agreed to acquire the debt management business of 3i (3iDM) from UK-based 3i Group for GBP222 million (approximately USD271 million).
The deal will see Investcorp’s assets under management (AUM) increase by USD12 billion to approximately USD23 billion.
Investcorp says the acquisition will add to the firm’s existing product offerings across private equity, real estate, and alternative investment solutions (formerly hedge funds).
The transaction is subject to various regulatory approvals and is expected to close in the first half of 2017.
3iDM is a global credit investment company managing funds which invest
- 25/10/2016
New York-based securities law firm Murphy and McGonigle is adding to its litigation bench with the appointment of hedge fund specialist attorney Andrew Melnick as a partner.
Melnick (pictured) regularly represents and advises hedge funds, investment advisors, investment banks and asset managers and their executive management, boards and employees in complex litigations and arbitrations, internal investigations, regulatory inquiries, employment matters, and compliance reviews.
“I'm truly excited to join the exceptionally talented group of lawyers at Murphy & McGonigle PC. The firm has an unparalleled and singular commitment to deliver sophisticated world class services to a wide range of clients,” says Melnick.
- 25/10/2016
One of the clear benefits to the increased proliferation of platforms, which offer infrastructure-as-a-solution, is that it is helping start-up and emerging fund managers compete on a level playing field with larger entities.
In some ways this gives them a competitive advantage given that established institutions find it hard to pivot away from their existing infrastructure and embrace the multitude of disruptive technologies. Known as the Innovator’s Dilemma, the fear is that if they change tack they might end up failing or not realise the benefits for years hence but if they don’t embrace change, they might get left behind,
- 24/10/2016
RWC Partners, through its emerging and frontier markets team led by John Malloy and James Johnstone, has entered into an advisory relationship with RiceHadleyGates (RHG).
Malloy (pictured) and Johnstone have had a long-standing relationship with the emerging markets oriented strategic consulting firm led by former US Secretary of State Condoleezza Rice, former US Secretary of Defence Robert Gates, former National Security Advisor Stephen Hadley and former State Department official Anja Manuel.
RHG will provide strategic input on political and structural market developments to augment the team's top down macro views.
RWC Partners established its emerging and frontier market
- 24/10/2016
- 24/10/2016
Capital Generation Partners (CapGen), a private investment group serving ultra-high net worth families and endowments, has appointed Alex Waters as global strategist.
Reporting to CapGen’s founding partners, Waters (pictured) will be responsible for developing CapGen’s macroeconomic analysis, drawing on a range of data sources to provide a robust framework for the firm’s investment decisions.
Waters joins CapGen from Roubini Global Economics, where he was responsible for the organisation’s global forecasting effort, and producing macroeconomic and monetary policy research. Prior to that, Waters held positions at the UK Debt Management Office.
Khaled Said, managing partner at CapGen, says: “Recent
- 24/10/2016
Financial management and technology consultancy Brickendon has appointed Hugh Whelan as a non-executive director.
Brickendon is currently undergoing a growth plan to strengthen its international foothold, including opening an office in New York.
Whelan has been working in the financial services sector for over 18 years, holding senior roles at Dresdner Bank, Mizuho, Bayerische Landesbank and Commerzbank.
He began his career as an accountant before moving into investment banking, specifically risk management and foreign exchange.
Whelan was previously an associated director for Fx Spotstream, a multibank FX aggregation platform, where he was instrumental in establishing this successful
- 24/10/2016
North America-based hedge fund managers accounted for 76 per cent of the 118 new launches in the third quarter, a 12-month high, while both Europe and Asia Pacific-based managers accounted for smaller proportions.
That’s according to Preqin’s latest quarterly update for the industry which reveals that managers in Europe represent 20 per cent of Q3 fund launches, down from 28 per cent the previous quarter, while Asia Pacific-based managers represent just 3 per cent of new vehicles, a quarter of the proportion seen in Q3 2015.
At the same time, the proportion of new funds launched that have a
- 24/10/2016
Research and analytics firm MPI has published an assessment of Ivy League endowments’ 2016 FY Performance. The firm writes that asset allocation remains the largest determining factor in endowment performance.
“Commodities and Emerging Markets, each of which suffered respective losses due to continued declining oil prices or political turmoil, were a significant drag on Ivy League funds’ returns. Despite FY 2015’s stellar performance by Venture Capital and marginally positive returns by Hedge Funds, both asset classes posted negative returns in FY 2016. Real Estate, US Equities and Bonds were the highest performers in FY 2016.
“Yale continued its strong performance.
- 21/10/2016
Paul-Georges Moucan, Portfolio Manager at hedge fund Quadra Capital Partners, comments on China’s September activity data…
China’s September activity data was largely in line with market expectations but in our view showed tentative signs of momentum losing steam. Low global Chinese demand was a drag but domestic demand was resilient and the fact that the rise in investment was led by property, may raise some concerns. Credit growth was above expectations but remains well below target.
Q3’s resilient growth appears to have been underpinned by post-flood reconstruction, the overheated property market and fading base effects from last year’s stock market
- 21/10/2016
Chi-X Australia is on target to commence exclusive trading of Transferable Custody Receipts (TraCRs) on its investment products marketplace in early February 2017.
TraCRS (pronounced tray-sirs) are based on an underlying asset that is a member of the primary index of a specified offshore market, which will initially include the main US exchanges NYSE and Nasdaq.
Australian investors will be able to trade on an Australian exchange to invest in the top US stocks.
John Fildes (pictured), CEO of Chi-X Australia, says: “TraCRs will be a game changer for Australian investors as for the first time they will
- 21/10/2016
- 21/10/2016
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