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American Century Investments has expanded its liquid alternatives offering with the launch of the AC Alternatives Long Short Fund, the second multi-manager fund to be launched under the firm's AC Alternatives brand.
The new fund uses an open architecture subadvisor approach to access experienced, specialised managers who employ differentiated approaches to long/short equity investing. Long/short equity strategies seek to take long positions (buys) in undervalued equities and short overvalued positions in equities issued by companies across all market cap and geographies.
"The addition of AC Alternatives Long Short to our suite of liquid alternatives solutions reflects our commitment to meeting
- 26/05/2016
The US CFTC has ordered Citibank to pay a USD250 million civil monetary penalty to settle charges that it attempted to manipulate, and made false reports concerning, the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products.
In accition, Citibank is required take specified steps to implement and strengthen its internal controls and procedures, including measures to detect and deter trading potentially intended to manipulate swap rates such as USD ISDAFIX and to ensure the integrity of interest-rate swap benchmarks.
“The CFTC’s order demonstrates that we will vigorously continue to investigate any
- 26/05/2016
While investors redeemed just under USD1.9 billion from hedge funds in April, performance gains helped boost assets by USD6.86 billion, bringing total hedge fund industry assets to USD2.986 trillion, according to eVestment’s latest Hedge Fund Flows report.
According to report author Peter Laurelli, eVestment vice president and global head of research, negative investor sentiment seems aimed primarily at funds that underperformed in 2015. In spite of several high-profile announcements about institutional investors getting out of hedge funds, investors continue to allocate money to funds that performed well in 2015 while pulling money from funds that performed poorly last year.
- 26/05/2016
- 26/05/2016
Allianz Global Investors (AllianzGI) CIO and Head of Infrastructure Debthas appointed Deborah Zurkow (pictured) is to take on a new, broader role, becoming head of the Alternatives pillar within the firm’s global investment platform.
Zurkow will join AllianzGI’s Global Executive Committee, effective 1 June 2016.
As Head of Alternatives, Zurkow will lead the continued build out of AllianzGI’s Alternatives capability, which comprises a diverse mix of both liquid and illiquid alternative investment solutions for clients. Since the creation of AllianzGI’s Alternatives pillar in December 2014, Assets Under Management have doubled, growing from EUR7.9 billion in December 2014 to EUR15.7 billion
- 25/05/2016
Malta has addressed one of the biggest issues in European fund management – the speed to market – with its new Notified Alternative Investment Funds (NAIF) framework, according to Jeremy Leach, Chief Executive Officer of the Managing Partners Group (MPG).
Malta, together with Luxembourg, is one of the first two jurisdictions in Europe to adopt the new framework and the move is likely to expand its share of the alternative investment funds (AIF) market, marking yet another step in the country’s move to becoming a leading financial centre, Jeremy Leach says.
Under the NAIF framework, product providers are directly regulated
- 25/05/2016
Over the last decade the approach to running a hedge fund’s operations has changed markedly, thanks largely to improvements in technology.
Ten or fifteen years ago, the perception among hedge fund managers – when launching their hedge fund – was that they needed a large IT infrastructure in place, which typically involved buying a substantial portfolio accounting system. In their eyes, this was the infrastructure that institutional investors expected to see as it served as a signal of the manager’s intent and reflected their commitment to growing and supporting the business. Since then, the vast majority of funds have also
- 25/05/2016
Boutique prime broker Global Prime Partners has signed a partnership with RSRCHXchange, the online marketplace for institutional research, to provide its growing client base with access to research content.
Global Prime Partners’ clients – including hedge funds, family offices and asset managers – will now have direct access to vital institutional research from over 130 providers on the RSRCHX platform and will be able to track usage in real time via the integrated dashboard.
Global Prime Partners is a multi-award winning financial services firm that provides prime brokerage, execution, clearing and custody services to hedge funds, broker-dealers, asset managers,
- 25/05/2016
According to FTSE Russell’s third annual global institutional market survey, the percentage of asset owners currently evaluating smart beta has doubled from 15 per cent at the first survey in 2014 to 36 per cent in 2016, and 62 per cent of asset owners with an existing smart beta allocation are now evaluating additional allocations.
Smart Beta: 2016 Global Survey Findings from Asset Owners reveals that the strongest growth in smart beta adoption is among asset owners with less than USD1 billion in assets.
FTSE Russell believes that in addition to marking a turning point in smart beta evaluation for global
- 25/05/2016
Lindsay Chamings has joined Andersen Tax as a Managing Director in the Alternative Investment Funds Practice in the firm’s San Francisco office.
Prior to joining Andersen Tax, Chamings was a Managing Director at KPMG (through KPMG's acquisition of Rothstein Kass in 2014).
Lind Chamings say has more than 12 years of experience in providing tax services in the alternative investment fund space. She has experience advising hedge fund and alternative investment companies on the US tax implications of their domestic and international operations in order to obtain an optimal tax minimisation strategy.
“Lindsay is an essential addition to our Alternative
- 25/05/2016
Object Trading has expanded its Direct Market Access (DMA) Service Platform and is now offering fully managed services at TMX Group’s co-location centre for access to the Montréal Exchange (MX).
The company says that this expansion provides flexibility for the buy-side and sell-side, in response to the sell-side experiencing mass retrenchment while exchange volumes increase.
With fully managed services provided at TMX Group’s co-location centre, Object Trading continues to facilitate the optimal relationships between the buy-side and sell-side, enabling them to access liquidity where it is growing, and to create liquidity where opportunities await. Object Trading’s clients now have
- 25/05/2016
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