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Brinker Capital, an investment management firm focused on multi-asset class investing, has appointed Jason Moore, formerly Managing Director at Morgan Stanley Wealth Management, as its Chief Administrative Officer and member of the firm’s executive committee.
In this newly-created position, Moore will work with the investment team and the sales and distribution teams to apply Brinker Capital’s highly-strategic, disciplined multi-asset class investment philosophy to build solutions for financial advisors and their clients. Moore brings more than 20 years of experience to Brinker Capital in portfolio management, product development and advisory business management for the managed account industry.
Moore jointly reports to
- 30/06/2016
Alternative investment manager CVC Credit Partners has held the final closing of its Global Special Situations Fund, which is focused on stressed and distressed corporate credit predominantly across Europe.
The CVC Credit Partners Global Special Situations Fund received strong backing from both new and existing investors, exceeding its EUR600 million fund target with total commitments secured of approximately EUR650 million. The Fund received commitments from investors in North America, Latin America, Asia, Europe and the Middle East. With over EUR1.86 billion already committed to the strategy via Separately Managed Accounts and our Credit Opportunities vehicles, CVC Credit Partners’ Credit Opportunities
- 30/06/2016
According to TABB Group, block trading volume for asset managers rose to 19 per cent in 2015, surpassing levels last seen in 2009 due to changes in investment strategies, access to new liquidity sources and new block trading methodologies.
The ability to trade blocks is a critical part of trading strategies and leveraging an integrated workflow through an execution management system (EMS) and order management system (OMS) is essential for the buy-side. Part two of TABB Group’s 12th annual benchmark study, “US Institutional Equity Trading 2016: Blocks & Trading Tackle (Part 2 of 3),” examines trends related to block trading,
- 30/06/2016
CTA managers posted positive performance in the two full days of trading after the referendum results – Friday 24 June and Monday 27 June – according to Societe Generale Prime Services’ CTA Indices.
In the immediate aftermath of the result on Friday, when falling markets were causing concern for many investors, 90 per cent of the programs tracked by the SG CTA Index had posted positive returns by the end of the day, and 80 per cent of Short Term Traders were positive. The strong performance continued into this week, with 75 per cent of SG CTA Index constituents and
- 29/06/2016
Hedge fund industry assets climbed above USD3 trillion for the first time this year in May as investors continued allocating to hedge funds, according to eVestment’s May 2016 Hedge Fund Asset Flows Report.
But at USD3.014 billion, funds are barely above that threshold and market forces unleashed by the late June vote for the United Kingdom to leave the European Union could impact that number dramatically cautioned report author Peter Laurelli, eVestment vice president and global head of research
Leading up to June’s BREXIT vote, hedge funds domiciled in Europe saw assets fall USD3.3 billion while funds with Europe
- 29/06/2016
GAM has bought USD4 billion Cantab Capital Partners for a USD217 million upfront cash payment. GAM is also to launch the GAM Systematic investment platform, focused on quantitative investing across long only and alternative strategies.
The firm writes that the acquisition accelerates GAM’s strategy to diversify its active management capabilities is expected to be significantly accretive to GAM’s underlying earnings per share in the first full year of ownership; closing expected in H2 2016.
The cash for the purchase has come from GAM’s existing cash resources, and deferred consideration based on future management fee revenues and the firm
- 29/06/2016
- 29/06/2016
A UK-based investment adviser and its Chief Investment Officer (CIO) have agreed to pay more than USD2.5 million to settle charges that they breached their fiduciary duties by operating two private funds in a manner inconsistent with their prior disclosures about the nature and extent to which they allocated IPOs and other securities offerings between the funds.
According to the Commission’s order instituting a settled administrative proceeding, James Caird Asset Management LLP (JCAM) and Timothy Leslie represented to the board and investors of the JCAM Global Fund (Global) – a liquid USD2 billion multi strategy fund client – that there
- 29/06/2016
Value Line Funds, a mutual fund company comprised of equity, fixed income and hybrid funds with assets exceeding USD2 billion, has completed the acquisition of the Alpha Defensive Alternatives Fund.
The Fund has been renamed the Value Line Defensive Strategies Fund and investor (VLDSX) and institutional (VLDIX) shares are now available.
The Value Line Defensive Strategies Fund is a fund of funds that seeks to achieve capital preservation while producing positive returns with low volatility. The Fund has a flexible investment mandate to hold multiple asset classes with varying levels of correlation to the overall market. As an alternative investment,
- 29/06/2016
The US CFTC has charged former CBOE member Alvin Guy Wilkinson and his limited partnerships Chicago Index Partners (CIP) and Wilkinson Financial Opportunity Fund (WFOF) with fraud and acting as unregistered Commodity Pool Operators.
The CFTC Complaint also charges Wilkinson with providing false statements and documentation to the National Futures Association (NFA) during an NFA investigation. Wilkinson formerly served in a leadership capacity on Chicago Board Options Exchange (CBOE) committees and the CBOE board of directors.
The Complaint, filed on 28 June 28, 2016, alleges that, from July 1999 to the present, Wilkinson fraudulently solicited and accepted at least USD6.9 million from at least
- 29/06/2016
Third Point Reinsurance has entered into new long term investment management agreements with Third Point (Third Point).
At its inception in December 2011, Third Point Re retained Third Point as its exclusive investment manager under a five year investment management contract. This agreement, and a separate investment management agreement for Third Point Reinsurance (USA) Ltd, were renewed to have effect from 22 December, 2016, in each case for a five year term.
John Berger says: "Third Point has been an outstanding partner in all respects. They helped us form Third Point Re, have supported us in building out our financial
- 29/06/2016
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