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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
Pacific Fund Systems (PFS), the software company behind fund administration solution PFS-PAXUS, has opened its European operational headquarters in Douglas, Isle of Man.
PFS’s chief operating officer Paul Kneen (pictured) says: “PFS is a global software development company providing a powerful niche investment accounting and fund administration solution to a global client base, which has grown successfully year-on-year since the firm’s inception in 1999. The decision to locate our European operational headquarters on the Isle of Man was based on the clear benefits available; access to attractive modern office space and a talent pool of skilled industry professionals, supported by
- 21/10/2016
- 21/10/2016
Hedge funds gained 0.81 per cent in September, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
Year to date, the index is up 4.26 per cent.
All but one of Barclay’s 17 hedge fund indices gained ground in September. The Healthcare and Biotechnology Index was up 5.39 per cent, its largest one-month gain since January of 2014.
“Although surprises from major central banks whipsawed financial markets, most hedge fund strategies found a path to profitability in September,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Technology Index gained 1.86 per cent, Distressed Securities
- 21/10/2016
The SS&C GlobeOp Forward Redemption Indicator for October 2016 measured 3.40 per cent, down from 4.22 per cent in September.
"SS&C GlobeOp's Forward Redemption Indicator for October of 2016 was 3.40 per cent, an increase of 44 basis points from the 2.96 per cent reported a year ago for October of 2015," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
"Nearly all of the increase in the Forward Redemption Indicator for October consisted of redemptions targeted around year-end, suggesting the increase is due to rebalancing activity. We will be watching our Capital Movement Index closely over the
- 21/10/2016
Natixis Global Asset Management has strengthened its European SICAV range with the launch of a managed futures fund from one of its affiliates focused on alternatives, AlphaSimplex Group.
AlphaSimplex’s Managed Futures Fund will invest in futures and forward contracts across a broad range of markets including equities, fixed income and currencies and aims to profit from current trends in the markets, taking long positions in assets in a rising price trend and short positions in those that are in a falling price trend. The fund also has indirect exposure to commodity markets.
The new fund will be quantitatively driven
- 21/10/2016
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