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Hedge funds posted gains for the fourth consecutive month in May, led by Equity Hedge strategies, with significant contributions from Technology, Healthcare and Fundamental Value exposures, according to the latest data from HFR.
The HFRI Fund Weighted Composite (FWC) Index® advanced +0.7 per cent for the month, bringing YTD gains for the HFRI FWC through May to +3.9 per cent, leading both the S&P 500 and Dow Jones Industrial Average, while the HFRI Fund of Funds Index climbed +1.1 per cent for May and +4.0 per cent YTD.
Hedge fund strategy performance was led by the HFRI Equity Hedge Index,
- 08/06/2015
- 08/06/2015
Natixis has acted as Financial Advisor, Rating Advisor, Mandated Lead Arranger and Co-Hedge Coordinator for the EUR1.4 billion senior debt refinancing of French virtual power plant Exeltium.
The operation was achieved through an innovative financing structure, combining two pari passu tranches :
• a Bank Tranche of EUR1 billion;
• a tailored Institutional Tranche of EUR435 million, secured by Exeltium and bringing together 9 institutional investors.
This refinancing, effective upon drawdown as of 4 June 2015, offers Exeltium a 15-year tenor in line with the project’s duration.
Acting as Financial Advisor, Natixis assisted Exeltium in designing an innovative
- 05/06/2015
Demands and nuances of Annex IV reporting across Europe could lead to a steady adoption of an outsourcing model among PERE fund managers.
Private equity and real estate (PERE) fund managers are having to adjust quickly to life under the AIFMD, specifically in relation to Annex IV transparency reporting. The majority of managers will have gone through their first iteration at the end of January 2015, and depending on the size of assets under management, AIFMs face the prospect of filing on a semi-annual or quarterly basis; this drops to annually if the manager is considered de minimis by running
- 05/06/2015
- 05/06/2015
Cybersecurity issues have existed as long as the internet. What seems to have changed in the last 18 months is not only that the nature of the breaches has become more sophisticated, but also the fact that hedge funds have become a much bigger target.
For fund-of-hedge-fund (FoHF) managers, whose value-add to investors is identifying the best talent to invest with, the issue of cybersecurity and data protection has taken on far greater importance. They have to be fully satisfied that a manager’s IT network is secure, and that best practices are being adopted as far as possible.
“The cybersecurity
- 05/06/2015
The majority of advisors intend to continue recommending alternative investments over the next year, yet believe the asset class has underperformed since the economic crisis, according to a new survey from Pershing.
The study, Help or Hype: Advisor Perceptions of Alternative Investments, which was released at Pershing's INSITE 2015 conference, is based on a recent survey of 1,200 advisors conducted by Pershing in conjunction with Beacon Strategies LLC, along with interviews with advisors, broker-dealer firms, registered investment advisors (RIAs) and alternative investment managers.
"Alternative investments continue to interest all investors, from ultra-high-net-worth and high-net-worth investors to the mass affluent," says
- 05/06/2015
Balter Liquid Alternatives, a subsidiary of Balter Capital Management, has launched the Balter Discretionary Global Macro Fund, which is sub-advised by Willowbridge Associates Inc.
The co-Portfolio Managers, Phil Yang and Frank Marrapodi, utilise Willowbridge's wPraxis Trading Approach (1X Leverage) strategy and the fund's objective is to seek to generate positive absolute returns in most market conditions, irrespective of the performance of broad market indices. As a result, the performance of the fund may not be correlated with the performance of broad equity or fixed income markets.
The Balter Discretionary Global Macro Fund follows the Balter Liquid Alternatives' initial '40
- 05/06/2015
May proved a choppy month across asset classes with investor attention focused on issues such as US growth concerns and the Greek solvency question.
The US Dollar index was up 2.4 per cent, US Treasuries and German Bunds were down, equities were positive in the US and Japan, while Europe and the emerging markets were mixed with the latter suffering the negative impact from the strong US dollar.
Against a choppy market backdrop, hedge funds were broadly positive in May as reflected by the HFRX Global Hedge Fund index up 0.3 per cent. At the strategy level, three of
- 05/06/2015
Lyxor Asset Management has partnered with Corsair Capital Management to launch the Lyxor/Corsair Capital Fund a new UCITS-compliant US long/short equity strategy, and the first fund with daily liquidity within Lyxor’s Alternative UCITS offering.
The fund seeks to capture the performance of US equities with less risk, by preserving capital in down markets and using no leverage. It invests with a long bias focused primarily on US mid-capitalisation companies going through strategic and/or structural change, as those companies often have little analyst coverage and a complicated financial story. It is this information gap between market consensus and Corsair’s proprietary research
- 04/06/2015
Orchard Global Asset Management has appointed Adrian Chopin as a portfolio advisor with responsibility for building a new business line in law firm and litigation funding, while also assisting the development of OGAM's existing structured credit platforms.
Adri Chopin an joins as a member of Orchard's senior portfolio management team, reporting to Gary Wee, Chairman and CIO.
Chopin will join OGAM this summer from Deutsche Bank where he has worked for eight years, most recently as the head of the firm's seven-man North American Debt & Equity Solutions Group. Chopin has a strong track record of designing and closing highly
- 04/06/2015
Marco Polo New World has launched MPFX, a new platform providing access to FX liquidity from both bank and non-bank sources.
The MPFX broker-neutral solution provides clients with the tightest spreads from multiple liquidity providers, and was developed in response to the demands of foreign local brokers and institutions. This matching engine and user interface allows clients to trade directly via a screen or to consume an FX data feed to get access to the highest quality liquidity and tightest spreads available in the market. By providing direct access to the markets, Marco Polo ensures it is a neutral facilitator
- 04/06/2015
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