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Shoreline Capital, a private fund manager in Chinese distressed debt and special situation investments, has closed its third fund at USUSD500 million. The fund, Shoreline China Value III, was over-subscribed.
Meanwhile, Shoreline held the first close for Fund IIIÂ’s overflow fund at USD115 million. Based on current indications of interest, Shoreline expects the overflow fund to also be oversubscribed within the month.
Since the firmÂ’s inception in 2004, Shoreline has focused on illiquid credit-related opportunities arising from the inefficiencies in China’Â’s financial system. Such opportunities include (i) non-performing loan (“NPL”) portfolios; (ii) distressed special situations; and (iii) non-distressed special situation investments.
- 14/06/2015
100 Women in Hedge Funds (100WHF), Pacific Alternative Asset Management Company (PAAMCO), and the Chartered Alternative Investment Analyst (CAIA) Foundation, have announced the ten recipients of the 2015 100WHF/CAIA Scholarships.
Established in 2011 by 100WHF and underwritten by PAAMCO, the scholarship program is designed to provide qualified and talented women in the alternatives industry access to an unmatched educational offering, the CAIA Charter, widely recognised as a springboard to future career accomplishments. Since its inception, the program has awarded fifty scholarships. Scholarship recipients are women who have achieved advanced levels of success in various financial fields and have expressed strong
- 12/06/2015
The amount of capital awarded by investors to separate account structures reached an all-time high in 2014. In an extract from Preqin Real Estate Spotlight – June 2015, Oliver Senchal examines the growing prominence of this type of alternative structure in the broader fundraising market, including investor appetite and fund manager plans.
Growing prominence
Preqin’s Real Estate Online contains detailed information on over 300 real estate separate account structures. As Fig 1 displays, the aggregate value of separate accounts awarded in a single year between 2006 and 2012 never exceeded the USD7.7 billion awarded in 2011. While 2013 represented
- 12/06/2015
The unlisted infrastructure fund market targeting Germany, either solely or as part of a wider geographic focus, remains relatively small, with data from Preqin’s Infrastructure Online service revealing only 18 unlisted vehicles have reached a final close since 2010. Fundraising has declined from six funds closing in 2013 raising an aggregate EUR2.7 billion, to three funds closing last year raising EUR700 million; so far this year there have been no unlisted infrastructure funds closed targeting Germany.
The largest Germany-focused fund closed since 2013 is AXA Infrastructure Generation III, managed by France-based Ardian; the fund raised EUR1.5 billion for investments in
- 12/06/2015
Net assets in Irish domiciled funds increased by EUR317 billion during 2014, according to Pat Lardner, Chief Executive of Irish Funds.
Speaking at Irish Funds’ Annual Global Conference in Dublin, Lardner, told representatives of the global funds industry that Ireland’s assets of domiciled funds rose by almost 25 per cent during 2014.
Lardner also confirmed that in the first three months of 2015, assets have further grown by EUR234 billion, representing a rise of 14 per cent. Net assets domiciled in Ireland now stand at nearly EUR2 trillion.
This year’s Conference was opened by recently appointed Chairman of the Association,
- 12/06/2015
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2015 measured 2.20 per cent, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.31 per cent in June.
"SS&C GlobeOp's Capital Movement Index showed net flows into hedge funds increased at a moderate 0.31 per cent for June 2015, following May's strong showing," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a
- 12/06/2015
The Dutch hedge fund industry may be dwarfed in size by its London and New York peers, but you wouldn’t have realised that from the noise and enthusiasm generated at the recent Alternatives4Children (A4C) spring fund raising party at Amsterdam’s ANDAZ Hotel.
Marc de Kloe, outgoing Head of the Global Alternatives and Funds team for ABN AMRO Private Banking and Co-founder of A4C, said at the event: “The financial industry has not had the best press in recent years, but tonight you’re seeing what can be achieved when people choose to put aside the relentless pursuit of investment returns and contribute
- 11/06/2015
Man AHL has launched a new video series, ‘AHL Explains’ outlining the key concepts in futures trend following, in a simple and accessible way.
The seven short videos are narrated by Man AHL’s Chief Scientist and Academic Liaison, Dr Anthony Ledford, and each seeks to bring essential quantitative investing concepts to life through illustrations and graphics. Dr Ledford is based at the Man Research Laboratory at the University of Oxford and leads Man AHL’s strategic research.
Sandy Rattray, CEO of Man AHL, says: “We have created the AHL Explains video series in an effort to demystify quantitative investing. We
- 11/06/2015
Marshall Bailey (pictured), president of ACI Financial Markets Association, comments on the release of the Fair and Effective Markets Review (FEMR)…
We welcome the recommendations set out in the Fair and Effective Markets Review (FEMR), which sets the foundation for positive change in the Fixed Income, Currency and Commodities (FICC) markets – particularly at a time when the issue of individual conduct and ethics in FICC markets is very much in the public eye.
From our perspective, the most important takeaway from this is that the FEMR will lead to an increased emphasis on financial education on ethics and
- 11/06/2015
Incapital LLC and Nuveen Investments have expanded their joint-distribution and portfolio consultant unit trust partnership with the addition of new unit trusts and expanded sales resources at both firms.
Since the beginning of 2014, Nuveen and Incapital have partnered together on key aspects of unit trust product development, marketing, distribution and client relationship management. In this partnership, Incapital serves as trust underwriter and sponsor, providing units to the public through broker-dealers and other firms. Nuveen Investments, through its several affiliates, serves as portfolio consultant responsible for developing investment strategies and constructing model portfolios for the unit trusts.
John DesPrez, Incapital's
- 11/06/2015
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