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Alternative asset manager Mariner Investment Group has closed a USD503 million collateralised loan obligation (CLO), the third such transaction by Mariner's leveraged credit team.
Mariner has now closed approximately USD1.5 billion in CLOs in the past two years.
"We are pleased at the continued success our team has achieved with its first three CLO's, and with our ability to capitalise on the current market environment," says David Martin, co-head of Mariner's leveraged credit team. "Our success reflects the strength and talent of our growing team, as well as ORIX's continued support of the Mariner platform."
Mariner's leveraged
- 12/08/2016
- 12/08/2016
John Frishkopf, head of the asset management and treasury group at New Star Financial, is to retire from the company on 30 September 2016.
Frishkopf was a founding member of the firm and has served in his current role since NewStar’s inception in 2004.
He will remain involved with the company as an external advisor to provide decision support to the management committee and to advise the risk committee of the board of directors as needed on strategic funding matters.
Frishkopf will be succeeded as treasurer by Michael Eisenstein, a managing director in the treasury group. Eisenstein joined
- 11/08/2016
- 11/08/2016
Hedge funds advanced 1.83 per cent in July, according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index.
Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.69 per cent in August.
"SS&C GlobeOp's Capital Movement Index rose 0.69 per cent for August, a result in line with seasonal patterns and almost identical to the year ago figure of 0.71 per cent reported for August of 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "The 0.69 per cent gain reported this month was the net of both slightly
- 11/08/2016
Percentile, a provider of technology for risk management and regulatory compliance, has appointed John Barker as non-executive director and adviser to the board, Brian Miranda as sales director and Lavinia Constantin as product manager.
It says the team expansion reflects increasing demand from both buy-side and sell-side for technology that provides a firm-wide view of risk exposures and enables compliance with regulatory and internal stress testing requirements under the Fundamental Review of the Trading Book (FRTB) rules.
MiFID II shifts the focus towards the buy-side, expecting hedge funds and asset managers to take more ownership of their risk management
- 11/08/2016
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.17 per cent in July, underperforming the HFRX Global Hedge Fund Index’s 1.45 per cent return by 28 basis points.
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month on a positive note, returning 1.31 per cent in July.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market
- 11/08/2016
EEX Group has reported significant growth in during the first six months of 2016, with sales revenue up by 34 per cent compared with the same period in 2015 to a total of EUR117.5 million.
In the first half of the year, earnings before taxes (EBT) were EUR45.8 million as against EUR79.7 million during the reference period in 2015. However, after adjustment for special effects from the full consolidation of EPEX SPOT in 2015, the operating result has grown by 53 per cent from EUR29.9 million.
The Power Derivatives Market accounted for the biggest contribution to revenue in the
- 11/08/2016
The Lyxor Hedge Fund Index was up 0.8 per cent in July, with seven out of 10 Lyxor indices ending the month in the black, according to the firm’s latest Alternative Investment Industry Barometer.
The rally in global markets fuelled the most directional strategies, with special situations and L/S equity long bias managers leading the pack.
“The post-Brexit market rally in July fuelled directional hedge fund strategies such as L/S equity and event-driven. Yet, the near term outlook remains challenging as economic activity is weak and traditional asset classes are richly valued. Hence, we maintain a preference for hedge
- 10/08/2016
- 10/08/2016
Investors pulled USD20.7 billion from hedge funds last month – one of the largest drawdowns in years – but hedge funds saw a performance rebound in July, with aggregate performance hitting 1.89 per cent in July and 3.29 per cent year-to-date.
That’s according to the July 2016 eVestment Hedge Fund Performance Report. Of particular note, according to the report, was performance of event driven, activist and distressed funds, as well as funds focused on Brazil and China.
According to author Peter Laurelli (pictured), eVestment’s vice president and global head of research, in 2016 event driven funds have had more money
- 10/08/2016
- 10/08/2016
ACSI Funds, an asset management firm specialising in the use of proprietary customer satisfaction data as a leading indicator for security selection, has appointed exchange-traded fund (ETF) specialist Kevin Quigg as chief strategist.
ACSI Funds had previously been operating under the name CSAT Funds.
Prior to joining ACSI Funds, Quigg (pictured) was global head of sales strategy for State Street Global Advisors SPDR family of ETFs. Quigg oversaw the growth of assets under management in SPDR ETFs to over USD400 billion during his tenure.
"Kevin Quigg is a recognised leader in the ETF industry and has helped drive
- 10/08/2016
Tim Thornton, (pictured) COO, Fund Services, MUFG Investor Services has commented that the loss of AIFMD passporting rights that enable UK-based alternative fund managers to market products across the EU has been one of the industry’s main concerns since the Brexit vote.
“Whether the UK retains its existing AIFMD rights or is required to apply through the equivalency process will only become clear as negotiations progress. The latter scenario is much more likely, but given that the regulatory regime in the UK already matches that of the EU, the process of bringing forward the approval of an AIFMD third
- 10/08/2016
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