Latest News
Castle Hall Alternatives has launched OpsMonitor a due diligence platform featuring daily media monitoring, a comprehensive process to identify changes in manager and fund operational risk quarter to quarter.
OpsMonitor also provides interactive dashboards to identify risks present in fund annual financial statements.
“Castle Hall is excited to introduce a range of powerful new monitoring functions to OpsDiligence, our online diligence system,” says Chris Addy, Castle Hall’s CEO. “Due diligence has evolved: rather than wait for traditional, annual diligence meetings, investors increasingly recognise the value of ongoing monitoring to identify and react to potential operational risks in real time. With
- 27/04/2015
Gottex Fund Management Holdings Limited has reported good performance to 10 April year to date from its Multi-Asset products, which are up around 5.3 per cent.
The firm’s two Asian equity funds – the Gottex Penjing Asian Equity strategy added 9.0 per cent and the Gottex Penjing Asia Beta Select strategy – have also performed well generating a return of 12.0 per cent for the same period.
Total fee-earning assets for the group were USD 8.46 billion compared to USD 8.20 billion at 31 December 2014, an increase of 3 per cent over the quarter.
On 1 May,
- 27/04/2015
In this extract from the Preqin Quarterly Update: Real Estate, Q1 2015, we analyse fund performance and take a look at private real estate funds currently in market.
Fund Performance
Closed-end private real estate funds have posted positive changes in NAV for 18 consecutive quarters, with Q3 2014 seeing an average 1.9 per cent increase in NAV (Fig 1). As of September 2014, funds of vintage years 2009-2012 are posting relatively strong returns, with the median IRR ranging from 12.8 per cent for vintage 2012 funds to 15.8 per cent for vintage 2009 funds.
Examining J-curves of funds of
- 24/04/2015
Macro Risk Solutions (MRS), a leading investment advisor providing innovative risk and hedging products and solutions to institutional investors, has expanded its analytics team with the hire of Linfeng Liu as a Portfolio Analyst.
With the addition of Liu, MRS expands its ability to provide institutional investors with hedging and convexity solutions that optimize overall portfolio performance.
“Linfeng brings proven expertise in multi-asset class derivatives structuring and valuation," says Ryan Dow, Principal at MRS. "Our institutional investor client base continues to seek our help in distilling the macro risk landscape and designing and managing products and solutions that can serve
- 24/04/2015
The US Commodity Futures Trading Commission’s (Commission) Division of Market Oversight (DMO) has issued Guidance to Swap Execution Facilities (SEF) regarding the calculation of projected operating costs for purposes of complying with the financial resource requirements under SEF Core Principle 13 and Commission Regulation 13.1303.
This guidance follows two no-action letters providing relief in connection with erroneous swap trades and swap trade confirmations DMO issued yesterday (April 22, 2015).
The Guidance notes that one cost incurred by voice-based SEFs – the variable commissions such SEFs might pay their employee-brokers, calculated as a percentage of transaction revenue generated by the voice-based
- 24/04/2015
China Everbright Limited (CEL) and Sinowel Enterprise Group (Sinowel) have signed a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights.
CEL and Sinowel plan to maximise their value, as well as leveraging their respective experience and advantages in the asset management sector to build a marketing platform for the trust industry.
CEL, a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and mainland China. It leverages a "Macro Asset Management" strategy with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment,
- 24/04/2015
Alan Howard, co-founder of Brevan Howard, and Michael Platt, of BlueCrest Capital, jointly head the list of Britain’s wealthiest hedge fund managers, each with GBP1.5bn fortunes, in The 2015 Sunday Times Rich List, to be published Sunday, 26 April.
The 128-page special edition of The Sunday Times Magazine reveals the wealth of the 1,000 richest people in Britain.
There are seven billionaire hedge fund managers in The 2015 Sunday Times Rich List, compared with just four in 2014. Crispin Odey and Nichola Pease, now sharing at GBP1.1bn fortune, have seen their joint wealth rise by GBP580m in the past 12 months,
- 24/04/2015
Latest research from Preqin finds that liquid alternative products, such as UCITS and alternative mutual funds, have out-performed hedge funds. The average alternative mutual fund returned 4.36 per cent in 2014, while the average hedge fund saw a return of 3.78 per cent. The average UCITS fund returned just 1.45 per cent.
Liquid alternatives have opened up the possibility of hedge fund investment for more than just the largest investors. The report states: “These regulated products, with lower investment minimums and fees, have proved attractive to retail clients, and institutional investors and funds of hedge funds have shown an increasing
- 24/04/2015
Deutsche Bank is to pay USD800 million to settle US Commodity Futures Trading Commission (CFTC) charges that it routinely engaged in acts of false reporting and attempted manipulation.
The CFTC order also states that, at times, Deutsche Bank succeeded in manipulating the London Interbank Offered Rate (LIBOR) for US Dollar, Yen, Sterling, and Swiss Franc, and the Euro Interbank Offered Rate (Euribor), interest rate benchmarks critical to the US and global financial markets.
Deutsche Bank is also charged with aiding and abetting, at times, the attempts of traders at other banks to manipulate Yen LIBOR and Euribor. The CFTC
- 24/04/2015
Hedge funds have consolidated their upswing in March and continue to do so early April.
- 24/04/2015
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