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The current year is on track to be the best year for M&A ever. Since the beginning of the year, global M&A volumes have reached USD1800bn according to Bloomberg, the best first five months in twenty years. Such figures include announced, pending and completed deals and are thus subject to revisions. Overall, US deals dominate, accounting for 45 per cent of M&A activity year to date and in terms of sectors, health care is leading, followed by financials and communications.
- 01/06/2015
By James Williams – Sovereign Wealth Funds are showing a lot of appetite for real estate assets as total AUM in this segment of the alternative funds space continues to build and investors look to diversify their portfolios.
North America remains the most favoured region, with 59 per cent of SWFs allocating to that market; down from 72 per cent in 2013 according to the latest research by Preqin in its 2015 Preqin Sovereign Wealth Fund Review.
Indeed, 57 per cent prefer a global approach, broadening out their portfolios to include trophy real estate assets as well as exposure to private
- 01/06/2015
Following on from last week’s extract from the Preqin Hedge Fund Spotlight | May 2015, which focused on the largest hedge fund managers in the industry, Simon Dhadwal takes an in-depth look at the ‘USD1bn Club’ of institutional investors allocating at least USD1bn to hedge funds, including the significance of this group, investment preferences and new entrants to the Club.
The past 12 months have seen mediocre performance generated by the industry as a whole and a handful of high-profile pension funds publicly announced their intention to scale back their hedge fund allocations. Nevertheless, assets under management (AUM) across
- 01/06/2015
State Street Corporation has appointed Effie Datson as global head of product for its Alternative Investment Solutions division. Datson’s initial focus will be on expanding the global footprint of InfraHedge, State Street’s USD15 billion managed account platform.
In this newly created role, Datson will be based in London and will report to George Sullivan, global head of Alternative Investment Solutions at State Street. Working together with Bruce Keith, global head of InfraHedge, her immediate focus will be to take responsibility for further developing the InfraHedge offering and introducing its bespoke, infrastructure-only managed accounts solution to large institutional investors globally. Datson
- 01/06/2015
Irish accountancy firm MKO is joining with US accountancy firm, EisnerAmper, to form a new global network called EisnerAmper Global. MKO will now trade under the brand of EisnerAmper Ireland.
Alistair MacDonald, managing partner of EisnerAmper Ireland, believes the firm will now be better placed to serve its clients and continue to play a key role in bringing financial services and international trade to Ireland in advising leading Irish corporates and state bodies.
“Becoming part of EisnerAmper Global will give our clients access to global perspective and cutting-edge services by leveraging the expertise of circa 200 partners and 2,000 people
- 01/06/2015
- 01/06/2015
Fred Alger Management, Inc., a leading asset management firm, announced today that
Ankur Crawford, PhD, is joining Patrick Kelly, CFA as Portfolio Manager on Alger SICAV – The Alger American Asset Growth Fund. Additionally, Kelly has been named Head of Alger Capital Appreciation and Spectra Strategies.
Alger SICAV – The Alger American Asset Growth Fund celebrated 10 years of strong performance under Patrick's stewardship last year. Patrick has served as Portfolio Manager for the Fund since 2004, and has nearly 20 years of investment experience. Additionally, the Fund has received numerous Lipper Fund Awards over the years, including six Lipper
- 01/06/2015
iPass Inc has reached an agreement with Maguire Asset Management, Francis Capital Management, Foxhill Opportunity Fund. and their respective affiliates and nominees, over the composition of the iPass Board of Directors.
iPass will appoint Damien Park, Richard Karp and Brent Morrison as new independent members of the Board, and Kenneth Traub will serve as an advisor and observer to the Board, all effective immediately. Park will also become chairman of the Board following the iPass 2015 annual meeting of stockholders, scheduled for 30 June, 2015. Park, Karp and Morrison join incumbent Board members John D Beletic, chairman of the Board,
- 01/06/2015
Options, the leading managed service and IT infrastructure provider to the global capital markets industry, has today announced that the
Minnesota-based hedge fund, Whitebox Advisors, has selected Options as its new managed IT provider. The deal has seen Whitebox migrate its entire global technology stack, which was previously managed internally, to the Options platform.
Whitebox, founded in 2000, currently has over USD4.4 billion under management with offices in New York, Austin, London and Sydney, in addition to its Minneapolis headquarters. Options is currently servicing over 120 users in the US, the UK and Australia as well as remote home offices.
- 01/06/2015
An energy evolution is underway, with alternative energy quickly becoming a more widely accepted reality in the sector, creating new investment opportunities, according to a new paper from Reynders, McVeigh Capital Management.
Co-authored by Chat Reynders, CEO and Chairman of Reynders, McVeigh, and Patrick McVeigh, President and Chief Investment Officer, Defining a New Approach to Energy highlights three areas poised for growth as the energy field evolves:
• Accelerating next generation ethanol
• More efficient technology is disrupting the biofuel space, leading to second generation processes that maximise crop waste and reduce greenhouse gas emissions.
• Behind the scenes of
- 29/05/2015
If investors want to benefit from sophisticated risk management and asset allocation tools like those used by major institutional investors, they will need to become familiar with liquid alternatives, says Forward Management.
As described in Forward's new investor guide – 7 Things to Know About Investing With Liquid Alts – liquid alternatives are a new breed of hybrid mutual funds combining hedge-fund-style strategies with the liquidity, transparency and regulatory oversight of the mutual fund structure. Forward was among the first wave of asset managers to develop alternative strategies structured as mutual funds.
"Liquid alts are relatively new and unfamiliar to
- 29/05/2015
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