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Northern Trust Hedge Fund Services has launched its Portfolio Analytics and Compliance (PAC) service, a guideline testing and portfolio metrics service for hedge fund managers, managed account platform sponsors.
The PAC service allows clients on Northern Trust’s Omnium technology platform to monitor characteristics and guidelines at every level of their portfolios.
Using a proprietary reporting engine fully integrated into Northern Trust Hedge Fund Services’ platform, PAC can produce reports with custom metrics and calculations based on virtually any data element maintained by the system. Examples include, but are not limited to:
• Daily investment guideline testing against investment restrictions such
- 30/04/2015
In the Bain & Co Global Healthcare Private Equity Report 2015, the prominence of early stage investments in the healthcare sector is a recurring theme, detailing how larger funds are continuing the trend of investing down market. Preqin’s Funds in Market online service tracks 99 early stage venture capital vehicles currently in market with a focus on the healthcare industry, either solely or as part of a wider industry focus; these funds are collectively targeting USD7 billion in commitments.
Early stage healthcare venture capital fundraising has undoubtedly been strong in recent years: 2014 saw the highest ever amount of capital
- 29/04/2015
Following on from last week’s article, which identified groups that found success through the first three months of 2015, this extract from the Preqin Quarterly Update: Hedge Funds, Q1 2015 looks at which funds and strategies struggled to perform in Q1.
Discretionary CTAs
CTAs experienced a revival in the latter half of 2014 following several years of subdued performance. Trend followers in particular continue to benefit from reduced levels of correlation between markets; systematic CTAs tracked by Preqin’s Hedge Fund Analyst have returned on average 17.18 per cent over the last 12 months. This contrasts markedly with the performance
- 29/04/2015
A number of leading European asset management firms have declared their intention to trade the Euro-denominated Interest Rate Swap Constant Maturity Futures (CMF) contracts on GMEX Exchange via their prime brokers.
These include Lyxor Asset Management and Old Mutual Global Investors.
Many firms on the buy-side are seeking a much lower margin alternative to plain vanilla OTC interest rate swaps for hedging given the increased capital requirements relating to central clearing and front loading rules. The GMEX CMF contracts are more closely aligned to the interest rate swap market than any other exchange product currently available.
Orders will be electronically
- 29/04/2015
Hedge Connection, the alternative investment platform connecting investment managers with asset allocators, has selected five charities to benefit from The Pitch, a “Shark Tank” style asset allocation competition.
Each competing investment manager will donate to one of the five pre-selected charities: Family Centre, PRIDE Bermuda, Women’s Resource Centre, Bermuda National Gallery (four Bermuda-based charitable organisations) or Technoserve in Washington, DC. Hedge Connection will further support these five charities through its May 15 to June 21, 2015 stock picking contest “GFF Bermuda Challenge” organised by Portfolios with Purpose.
“We are very excited to integrate this charitable component within the
- 29/04/2015
The international credit rating agency, Standard & Poor’s, has updated its rating of Guernsey following December’s GBP330 million bond issue for the inaugural States of Guernsey Bond.
Guernsey remains at AA+ (Stable outlook), which represents an excellent assessment. It highlights a number of economic and financial strengths which include the States of Guernsey’s revenue flexibility and sizeable assets underpinned by the government's robust fiscal position.
AA+ is the highest that a jurisdiction such as Guernsey, without its own currency, can achieve under the ratings methodology.
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, says: “This continued strong rating is consistent
- 29/04/2015
Alter Domus, a provider of fund and corporate services for alternative investment funds and multinational corporations, has been authorised by the Malta Financial Services Authority (MFSA) to act as a depositary.
Alter Domus has been issued with a Category 4b Investment Services Licence to act as a custodian in relation to the type of AIFs indicate in SLC1.03 of Part B IV of the Investment Services Rules for Investment Services Providers.
Alter Domus has launched a depositary service to support the alternative investments industry in meeting the new requirement for funds captured under the AIFM Directive to appoint an independent
- 29/04/2015
Custom House Fund Services has opened a new Hong Kong office, significantly expanding its presence in Asia-Pacific and offering for hedge and private equity funds operating within the region.
With the addition of Hong Kong, Custom House now serves its clients from 13 global locations.
Operating as Custom House Fund Services Limited, the office opened earlier this month and will be headed by Tony Kan. As part of the regional expansion, Custom House is enhancing its technology platform to provide a Chinese-language portal and website for clients and underlying investors allowing them to view their NAV statements and fund
- 29/04/2015
The Cayman Islands and Hong Kong based boutique legal firm Travers Thorp Alberga has continued its recruitment drive with the addition of a new partner and two senior associates to the firm’s team.
Senior Partner Anthony Travers, says: “The results and the expansion of our new firm are both well ahead of predictions.”
Louise Freestone, Partner, is a corporate and funds lawyer with over 20 years of legal experience both in private practice in the City of London (Herbert Smith) and in-house as general counsel to a private investment management firm. Lou Freestone ise has significant experience in mergers,
- 29/04/2015
- 29/04/2015
London-based alternative investment manager Omni Partners, has held the first close of its second secured lending fund, Omni Secured Lending Fund II (OSL II), with initial commitments of USD45 million.
OSL II is targeting a total fundraise of USD250 million by the time it holds its final close later this year.
The launch and initial close of the second vintage fund follows the success of Omni Secured Lending I (OSL I), which delivered a 10.4 per cent net return during its first 12 months of trading.
OSL I, which launched in February 2014, funded almost $50 million of lending
- 29/04/2015
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