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Risk management has mutated under AIFMD, causing risk managers to become more involved in the portfolio management process from an ex ante risk perspective. As investors become more educated on the risk function, managers who can demonstrate an independent, robust risk management environment have the potential to improve their capital raising capabilities.
Historically, risk management has always been viewed as a tactical function within hedge funds and has tended to operate in the background. But AIFMD regulation and increased investor due diligence is making risk management a more strategic function, causing risk managers to become increasingly involved in the capital
- 25/10/2016
Tikehau Capital is to manage the investments of Lyxor’s European senior debt funds in a deal which expands Tikehau’s leveraged loans and CLO business from EUR1.9 billion in assets under management to EUR2.6 billion, raising its total AUM to EUR9.8 billion.
Under the terms of the deal, Tikehau Investment Management, the asset management arm of Tikehau Capital, will replace Lyxor UK as investment manager of Lyxor’s four European senior debt funds, with a total of EUR700 million in AUM.
Under this agreement, Lyxor UK’s European senior debt operational team will join Tikehau IM in London. Lyxor will remain the
- 25/10/2016
Linedata, a software solution provider to the investment management and credit industries, has released the latest version of Linedata Icon, the firm’s flagship fund accounting solution.
Linedata says the latest release is part of the continuing programme of functional and technological evolution and builds on the broad and deep functionality offered by Linedata Icon and follows on from recent releases which have introduced new functionality with enhanced instrument coverage and regulatory compliance.
An extension to corporate actions processing allows clients to see both an Accounting Book of Records (ABOR) and an Investment Book of Records (IBOR) and to provide
- 25/10/2016
The Thomson Reuters and Singapore Exchange Singapore Fixed Income Indices (TR/SGX SFI) have been selected as the recommended fixed income benchmark by United Overseas Bank (UOB) following the discontinuation of the UOB SGS Index.
Launched in 2013, the TR/SGX SFI offer a solution for tracking the performance of investments in the Singapore debt markets. They offer wide coverage of over 60 government, statutory board and corporate bond indices, and a time-specific assessment of the fair market value of SGD bonds, which are priced objectively and independently by the Thomson Reuters Evaluated Pricing Service.
Stephan Flagel (pictured), global head of
- 25/10/2016
Managed futures traders lost 0.40 per cent in September, according to the Barclay CTA Index compiled by BarclayHedge.
The index is up 0.10 per cent year to date.
“The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Seven of Barclay’s eight CTA indices had losses in September. The Diversified Traders Index was down 0.83 per cent, Currency Traders lost 0.78 per cent, Systematic Traders were down 0.40 per cent, the Financial/Metals Traders Index lost 0.22 per cent, and Discretionary Traders
- 25/10/2016
The Direxion Indexed Commodity Strategy Fund (DXCTX) has received a 5-star Morningstar Rating as of 30 September 2016.
The fund tracks the performance of the Auspice Broad Commodity Index, a quantitative long/flat index that can be exposed to up to 12 major commodities in the energy, metal, and agricultural sectors.
"Most traditional commodity funds provide static long-only exposure to commodities. This limits their potential to contribute to a portfolio's long-term performance because there's no way to get defensive," says Ed Egilinsky, head of alternatives for Direxion. "The long/flat approach makes the fund potentially more adaptive to volatile commodity markets."
- 25/10/2016
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
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