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Omni Partners’ Omni Event Fund marked its third anniversary on 1 September, with USD355 million of assets under management in the strategy.
The Omni Event Fund delivered a 16.6 per cent net return to iinvestors in 2015 and is currently up over 8 per cent through the end of August 2016, as cited by BarclayHedge.
The fund is actively managed from Omni’s Irvine, California office and invests in the securities of companies undergoing significant corporate actions and other hard catalyst events globally.
Chief investment officer John Melsom says: “The robust corporate action environment, combined with our focus on
- 15/09/2016
- 15/09/2016
The Preqin All-Strategies Hedge Fund benchmark saw returns of 0.97 per cent in August, down from gains of 2.23 per cent in July.
This takes overall industry performance in 2016 YTD to 4.67 per cent and 12-month performance to 4.86 per cent.
August also represents the sixth consecutive month of positive performance for hedge funds, the longest period of monthly gains seen since the industry recorded 12 consecutive months of gains in June 2012 to May 2013.
All leading strategies recorded positive performance; equity strategies were again the best-performing leading strategy, returning 1.31 per cent for the month,
- 15/09/2016
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed.
Wells Fargo GFS administers more than USD42 billion in alternative assets, covering a wide range of complex strategies traded by global portfolio managers including fixed income; credit; distressed; structured credit; macro; equity; commodities; CDO; CLO; private equity; private debt; real estate and hybrid structures. Wells Fargo’s fund administration business services its clients through its global network of offices in Hong Kong, London, New York, Minneapolis
- 14/09/2016
There are five ways to improve the impact of your hedge fund pitch book with institutional allocators, according to JD David (pictured), partner and chief operating officer at Meyler Capital.
David says: “We produce a fair amount of marketing collateral… and in the process have exposure to a lot of manager material. While one can argue whether or not a ‘right’ or ‘wrong’ approach exists to building a marketing deck, there is a compelling case to be made that there is definitely a ‘better’ and ‘worse’.
“In conversations with allocators, the deck’s primary purpose is to address some very
- 14/09/2016
AlphaClone, a provider of alpha-seeking active indexes for long-term investors, has launched the AlphaClone Small Cap Index and AlphaClone Value Manager Index.
The indices seek to give investors the potential to outperform passive market indices by accessing the investment ideas of the world’s most established hedge funds.
They follow the same proprietary Clone Score methodology used by AlphaClone’s Hedge Fund Downside Hedged Index and AlphaClone’s International Downside Hedged Index.
Last year, the firm filed with the Securities and Exchange Commission to register four new exchange-traded funds (ETFs).
“Pursuing the potential for alpha is even more important today
- 14/09/2016
While the application of artificial intelligence (AI) in asset management has become a much discussed topic over recent months, Frankfurt-based fund manager Tungsten Capital already has a three-year live track record with its short-term CTA Tungsten TRYCON Basic Invest HAIG.
The alpha strategy, driven by algorithms of artificial intelligence, was launched in September 2013 and passed USD100 million in assets under management for the first time this month. It has a Sharpe ratio of 1.03 and has provided gains of 4.33 per cent YTD.
Pablo Hess (pictured), one of the minds behind the strategy, attributes the sound results predominantly
- 14/09/2016
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2016 measured 0.73 per cent.
Hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.38 per cent in September.
"SS&C GlobeOp's Capital Movement Index showed a gain of 0.38 per cent for September 2016. This was a slightly smaller gain than the same period last year when the index rose 0.62 per cent," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "Both inflows and outflows were lower than a year ago, consistent with the year-to-date trend. This subdued capital activity
- 14/09/2016
For a second consecutive month, discretionary approaches to opportunities in corporate capital structures, including equity and credit markets, produced the best returns across the hedge fund industry in August.
eVestment’s latest hedge fund performance report reveals that overall, just 56 per cent of the industry produced gains in August, down from 80 per cent in July, which was the best month of broad returns since February 2014.
August was not nearly as beneficial to macro and managed futures funds. The vast majority of funds in both groups declined in August, leaving both lagging most of their hedge fund peers
- 14/09/2016
The Gemini Companies’ affiliate Gemini Alternative Funds has completed a software integration with IASG Alternatives.
As part of a strategic relationship, prospective Gemini Alt investors will have access to the IASG Alternatives managed futures database without leaving Gemini Alt’s Galaxy Plus managed account portal.
IASG’s database will allow Gemini investors to be able to combine investment choices, adjust notional funding levels, and view correlations between advisers.
“Our strategic relationship combines the broad array of alternative strategies offered through the Gemini Alt managed account platform with the portfolio-building experience and technology of IASG’s managed futures database, and delivers all
- 14/09/2016
Business development professional Eugene Tetlow has joined asset management group EisnerAmper in the firm’s financial services practice.
Tetlow will be based in EisnerAmper’s San Francisco office.
Financial services is the largest practice within EisnerAmper, and its asset management group works with executives at hundreds of hedge, private equity and venture capital funds.
Tetlow says: “This is an exciting time to join EisnerAmper as we continue to build the firm’s reputation as the fund manager’s provider of choice for audit, tax, and consulting services. I am especially pleased to help expand our presence in the western region of the
- 14/09/2016
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