Latest News
Cowen Group is to acquire CRT Capital Group’s credit products, credit research, special situations and emerging markets units. The acquired business will be named Cowen Credit Research and Trading and will focus on distressed debt, special situations and emerging markets.
CRT will use the proceeds from the transaction to invest further in its Equities, Banking and Rates businesses.
CRT’s Credit Products unit encompasses the sales and trading of distressed convertibles, high yield securities, distressed debt, private placements and trade claims. The Credit Research unit is focused on distressed and special situations coverage and cross-capital structure. The Special Situations group includes
- 22/03/2016
- 22/03/2016
Violin Memory, provider of all-flash storage platform solutions for primary storage and active workloads, and Stream Financial have launched FlashSync, a Data Portal Appliance that aims to provide ultra-high performance access to and interrogation of multiple data sources.
FlashSync has been designed to address a range of use cases in Financial Markets including intra-day risk management; BCBS239 reporting; internal & external stress testing; VaR aggregation; contingent liability modelling; and crisis reporting.
The solution comprises Stream Financial’s Data Fusion federated query software running on high performance servers, accelerated with Violin Memory’s enterprise Flash Storage Platform solutions.
FlashSync is unique
- 22/03/2016
Liquidnet, the global institutional trading network’ buy-side community of more than 800 asset managers can now trade Taiwan-listed securities directly and anonymously with one another through its platform.
The addition of the Taiwanese market continues Liquidnet’s expansion in Asia-Pacific and represents its 12th market in the region and 44th equity market worldwide.
The Taiwan Stock Exchange (TWSE) lists over 800 companies with a combined market capitalisation of USD879 billion1. Dominant sectors in this market include technology and industrials. The Taiwan Stock Exchange Weighted Index (TWSE:IND) has climbed more than ten per cent over the past three years.
“For
- 22/03/2016
Private debt specialist Old Hill Partners has appointed former GE Capital executive Shila Ray as Financial Officer.
Ray will be responsible for overall finance and fund accounting functions at the company and has been named to the firm's investment committee. Ray has over 20 years of experience in finance leadership roles. He served as CFO and in various global leadership positions for businesses within GE Capital. He has extensive experience in scaling up enterprises and has been instrumental in leading the finance function for various global and domestic operations. After GE Capital, Shila served as CFO of an alternative finance
- 22/03/2016
Alternative asset management firm Evanston Capital Management has published a whitepaper analysing the return properties of smart beta strategies and how to adjust historical backtest results to inform prospective return assumptions.
The white paper outlines foundational characteristics of smart beta strategies and the impact of data mining and arbitrage on historical backtests when calculating accurate forward-looking return estimates for such strategies. The key identifying assumption for the particular smart betas and time periods analysed is motivated by Nobel Laureate Eugene Fama’s famous 1991 Efficient Capital Markets survey paper (ie Efficient Capital Markets: II). Evanston Capital Management analysed both backtested and
- 22/03/2016
Highland Capital Management Fund Advisors, the retail affiliate of Dallas-based investment management firm Highland Capital Management has added 14 independent broker-dealer (IBD) sales professionals in the fourth quarter of 2015 and the first quarter of 2016.
Highland's IBD sales team represents a broad spectrum of products both from Highland Fund Advisors and from affiliates NexPoint Advisors, LP, NexPoint Capital, Inc. and NexPoint Real Estate Advisors, L.P. Products include non-traded business development companies (BDCs), REITs, mutual funds and ETFs. The firm also expects to roll out a series of interval funds later this year.
"The diverse product offerings we have across
- 22/03/2016
Argon Capital Management, a commodity multi-strategy alternative asset management firm founded in 2015, has appointed Jeffrey Halpern as Partner and Chief Risk Officer, and John Curran, Andrew Suckling and Pasha Bahadori as Partners and Senior Portfolio Managers.
They will be joined by newly appointed Portfolio Managers Hugo Picca, Glen Eisenberg and Andrew Greenberg.
With on average 20 years of experience across multiple market cycles at leading alternative investment firms, the new appointments reflect Argon’s culture of commitment to the highest standards of human capital and business practices. The highly experienced team is designed to achieve Argon’s goal of providing
- 22/03/2016
IndexIQ’s IQ Hedge Multi-Strategy Tracker ETF (QAI) has been named “Best 40 Act Liquid Alternatives Fund” for 2016 by the readership of Hedgeweek.
QAI, the oldest and largest liquid alternatives ETF, will mark its seventh anniversary in the marketplace on 25 March.
The announcement was made at the Hedgeweek Global Awards ceremony in London on 26 February. The shortlist of top performers was produced by Prequin, a leading source of data and intelligence for the alternative asset industry, and the final winners were voted on by Hedgeweek readers.
“At its launch, QAI created a whole new category of ETFs, giving
- 22/03/2016
iCapital Network, a financial technology platform that provides the high-net-worth market with access to alternative investments, has acquired Credit Suisse’s HedgeFocus business.
The HedgeFocus portfolio contains more than 20 hedge fund access vehicles representing approximately USD1.8 billion in assets in a combination of event driven, multi-strategy, directional, relative value and tactical strategies run by well-established managers. With the transfer of assets, iCapital will be responsible for the ongoing administration and servicing of the investments for all existing investors as well as marketing, administration and servicing for new investors subscribing through iCapital.
“This acquisition is a natural extension of our business
- 22/03/2016
By Meghan McAlpine – Given the uptick in new funds being raised, competition for investors’ capital has increased significantly. Investors are being more thorough in the diligence process and almost always requesting more information than what’s presented in a standard DDQ. In order to compete for this capital, fund managers are providing a substantial amount of information to investors.
The industry as a whole is seeing an increase in transparency, which has been insisted upon by investors over the past several years. Performance, while a very important factor, is only part of the criteria that investors are considering when determining whether or not to
- 21/03/2016
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