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Worth Venture Partners, an emerging manager hedge fund platform headquartered in Manhattan, has released a new paper titled "Accessing Emerging Hedge Fund Returns – Seeking Return Over Size" as part of a series of commentaries, Worthy Insights. Investors are considering greater investment in emerging hedge fund managers in reaction to the recent underperformance of many blue-chip hedge funds versus historical returns. Increasing emerging manager allocations, notably from institutional investors, originate from a desire to source sustainable alpha. This paper shines a light on current options for investors wishing to execute in this fertile part of the hedge fund universe. Abby
Hedge funds were severely impacted by US stock market performance in Q1, according to the latest S&P Global Market Intelligence Hedge Fund Tracker, an aggregate analysis of hedge fund equity ownership.   In total, the top funds managed approximately USD141 billion in equity holdings in Q1, down over USD18 billion from Q4 2015. The funds also decreased the total number of stock positions held from 427 to 408, the fewest stock positions held since S&P Global Market Intelligence began tracking this data in 2014.  Consumer discretionary and information technology stocks led the sell-off, with Apple ranking as the most sold-off
A recent report produced by BNY Mellon in collaboration with Preqin shines a light on how much demand there is among institutional investors for private equity and real estate funds. The report found that 44 per cent of real estate managers and 39 per cent of private equity managers expect their assets under management to grow by at least 50 per cent in the next five years.  Family offices (26 per cent) and public pension funds (25 per cent) are expected to be the main drivers of inflows, as they look to build long-term allocations and reduce their weighting on
By Kerill O’Shaughnessy, Walkers – In the aftermath of the financial crisis, the implementation of the Basel III agreement in the EU as part of the Capital Requirements Directive IV (CRD IV) legislative package has resulted in widespread deleveraging by EU banks. As a result of the limits placed on the capacity of banks to lend, small and medium-sized enterprises (SMEs) have been experiencing difficulty in accessing funding for operations, expansion and investment.  Although the effects of bank deleveraging are being experienced in all of the world's major economies, the effects have been particularly sharply felt in the EU where it
The investment community voted to remain in the EU last night (Monday 16 May) following a passionate discussion at the ‘Brexit: Pursued by a Bear’ debate chaired and sponsored by law firm Howard Kennedy. In a close and surprising vote, 56 per cent of attending delegates, drawn from the London investment community, voted to remain with 44 per cent wishing to leave. The debate at the Merchant Taylors’ Hall in the heart of the City of London, chaired by Howard Kennedy partner Mark Stephens, was co-sponsored by Peterhouse Corporate Finance and accountants Welbeck Associates. For the first time the question
Cordium has formed a strategic alliance with specialist management consultancy Knadel allowing the provision of bespoke solutions to the many firms who are faced with the prospect of reviewing and enhancing their operating model, risk controls and regulatory adherence. This newly formed partnership will harness the skills and experience of both firms to provide best of breed regulatory, business and technology consulting services to the investments industry. Together we will provide cohesive advice and analysis that reflects the practical experience of both firms, combining regulatory analysis, support and compliance infrastructure delivery with operational, business and technology advice and implementation. The
By Josh Kestler, HedgeMark – On April 14, 2016, the trustees of the New York City Employees’ Retirement System (NYCERS) voted to liquidate its hedge fund portfolio. Following California Public Employees’ Retirement System’s decision in September 2014, NYCERS announcement has once again ignited a debate regarding the future of the hedge fund industry.   While hedge funds are currently under pressure from politicians and some members of the investment community, their demise has been greatly exaggerated.  Hedge funds offer many benefits to investors including access to unique investment opportunities and return streams, the ability to hedge certain risks and overall
Fred Alger Management has launched the Alger Small Cap Focus Fund, a new Alger SICAV sub-fund, to its product line-up.  The Fund will be distributed throughout Europe by La Française, an international asset management firm and a strategic development partner of Fred Alger Management. Amy Y Zhang (pictured), CFA, Senior Vice President, of Fred Alger Management, (the sub-portfolio manager/investment adviser to Alger SICAV) is the portfolio manager of the Fund. Zhang, who has 18 years of investment experience, joined Alger in 2015 and also serves as portfolio manager of Alger’s Small Cap Focus and Small Cap Growth strategies for US-based
The Hedge Fund Association (HFA) has announced the results of its 2016 Board of Directors election.  HFA's bylaws allow a capacity of 15 Directors. All HFA Directors are unpaid volunteers elected by HFA members and serving for three year terms. This year's election filled 5 Board positions with the following industry leaders: Evan Katz, Crawford Ventures; Mark McGoldrick, Cowen Prime Services; Marcia Rothschild, SS&C Technologies; John Schrier, CACEIS (USA); and Holly Singer, HS Marketing. "Serving the global hedge fund community, HFA is proud to foster business and professional development, advocacy for investors, managers and service providers, and initiate industry public
GCube has responded to increasing demand from US wind project-financed wind operators, notably those refinancing or going through acquisitions, by strengthening its underwriting team and rolling out its unique Weather Risk Transfer mechanism across the North American market.  Demand for tailored risk transfer solutions has reached an all-time high in the US wind energy sector as investors and project stakeholders look to mitigate the financial impact of volatile performance, following unprecedented low wind speed conditions throughout 2015 and 2016.  Large areas of the country, including the high-capacity regions of California and Texas, have recently experienced the lowest average wind speeds

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