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Although alternative assets remain a crucial component of many portfolios, investors are finding it harder to identify attractive investment opportunities compared to a year ago, according to Preqin’s survey of over 490 institutional investors.
With a record-high 2,798 private capital funds in market, and 13,725 hedge funds open for investment, choosing the right fund is challenging; 57 per cent and 54 per cent of real estate and infrastructure investors respectively are finding it harder to find attractive opportunities.
At the same time, among private equity and hedge fund investors 47 per cent and 46 per cent respectively stated the
- 09/09/2016
Data from HFR shows that hedge funds advanced in August led by a resurgence in Energy/Basic Materials and Activist strategies.
The HFRI Fund Weighted Composite Index (FWC) gained +0.4 per cent for the month, increasing the Index Value to 12,709 and bringing year to date performance to +3.5 per cent.
After posting losses in the first two months of the year, the HFRI FWC has now produced gains in six consecutive months, the firm writes. The HFRI Asset Weighted Composite Index advanced +0.4 per cent for the month, bringing YTD performance to +0.5 per cent. Event-Driven (ED) strategies led
- 09/09/2016
iCapital Network, an online platform that provides RIAs with access to alternative investments, has appointed Tom Iacono as chief financial officer.
Reporting to chief executive officer Lawrence Calcano, Iacono will join the executive team and lead iCapital’s finance, legal, operations and human resources functions.
In addition, Grace Kim joins the firm as head of investor relations; David Russo joins as head of platform integration; and Bryan Gallagher joins as legal counsel.
“I am delighted to announce our latest round of new appointments,” says Calcano. “Tom’s expertise in corporate finance and M&A, coupled with his understanding of the investment
- 08/09/2016
- 08/09/2016
Alternative investment firm MidOcean Partners has appointed Spencer Potts as head of business development and Ruth Lane as head of investor relations.
“Spencer and Ruth are both highly accomplished investment management industry executives,” says Ted Virtue, chief executive officer of MidOcean. “We are thrilled to welcome them to our team and look forward to leveraging their deep relationships and alternative asset management expertise as we seek to deliver a premier solutions-based experience to our investors and expand our client base globally.”
Potts joins MidOcean from CIFC, where he served as head of business development. Previously, he spent eight years
- 08/09/2016
Lime Brokerage and Vela Trading Technologies, a provider of trading and market data technology, have integrated Lime’s Strategy Studio, its software solution for streamlined strategy research and deployment, with Vela's low latency direct feed handlers.
The combined products enable clients to benefit from Strategy Studio's application programming interface (API) and strategy management user interface, while accessing Vela's broad set of over 250 global direct feeds supporting all major asset classes.
Lime’s Strategy Studio facilitates single stream strategy development, allowing clients to use a consistent code base for back testing, simulating from live market data, and trading in production.
- 08/09/2016
Hazeltree, a provider of integrated buy-side treasury management solutions, has appointed Sol Zlotchenko as the company’s chief technology officer (CTO).
In this role, Zlotchenko (pictured) will lead all aspects of technology direction, product development and technical support for Hazeltree’s treasury solutions.
He joins Hazeltree with more than 20 years of software industry experience and extensive financial technology and hedge fund expertise.
“Due to increased regulatory constraints around managing cash and collateral, the need for robust treasury solutions is more critical than ever before,” says Sameer Shalaby, CEO of Hazeltree. “Sol’s expertise in building innovative FinTech products and scaling development organisations
- 08/09/2016
Libero Development Fund, a hedge fund launched by Mary Murphy who helped to establish International Fund Services before its acquisition by State Street, is now open to specialist investors.
Prior to the soft launch of the fund late last year, its proprietary investment strategy was only available to closed private funds with circa EUR300 million under management.
To the end of July 2016, the Libero Development Fund has achieved a YTD return of 5.07 per cent and is up 2.35 per cent since inception of the A share class in October 2015.
Murphy (pictured) says: “It has taken
- 08/09/2016
The latest performance data for Societe General Prime Services CTA Indices shows that August was a difficult month for CTA strategies, with all managed futures indices in the red and 19 out of the 20 CTA Index constituent strategies ending August negatively.
The SG Short-Term Traders Index produced the lowest returns in August at -3.41 per cent despite remaining the strongest performing of the managed futures indices year to date. The flagship CTA index was also still in solidly positive territory year to date.
Attribution data from the SG Trend Indicator show that equity indices were the only positive
- 07/09/2016
The Association for Financial Markets in Europe (AFME) has called for greater harmonisation of asset segregation across European regulation in a new report entitled “Principles of Asset Segregation, Due Diligence and Collateral Management”.
Segregation of client assets currently falls under various pieces of EU regulation (including AIFMD, EMIR, CSDR, UCITS V and MiFID/MiFIR), however, the report finds there is currently no consistency in the meaning of “account segregation” across the regulations nor in the level of segregation required.
The report calls for a harmonised approach to ensure a high standard of securities account holder protection whilst also acknowledging the
- 07/09/2016
HSBC Securities Services (HSS), part of HSBC’s global banking and markets business, has appointed Tony McDonnell (pictured) to head of sales and business development, securities services, Europe.
McDonnell will report to Rafael Moral Santiago, head of securities services, Europe, and will be responsible for driving forward HSBC’s securities services growth across all client sectors and asset servicing products.
Alongside his new role, McDonnell will continue as managing director, securities services in Ireland, a role he was appointed to in September 2014. In this role, McDonnell is responsible for responsible for running the securities services operation in Ireland and growing
- 07/09/2016
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