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Preqin examines the recent surge in European fundraising, including the growth of debt and distressed strategies and the increasing flow of international capital into the region.
European fundraising has improved dramatically over the last year, reflecting growing investor appetite for the region. Almost 90% of Europe-based fund managers believe that investor appetite has increased over the past year, with none stating they have seen a decrease in appetite. This has led to a large amount of capital focusing on Europe, and while transaction volumes are up, pricing is becoming competitive and it is now harder to find attractively priced assets,
- 18/11/2014
- 18/11/2014
The market recovery gathered momentum last week with the S&P 500 hitting new high. Equities were up, high yield spreads down and the VIX is back to the 12-14 range.
Market sentiment was boosted by positive data on US jobs and better than expected releases in some European countries. Trends in FX and commodity markets continued, with the US dollar edging up against major currencies while energy and precious metals slide. This framework was supportive to CTAs.
Despite this remarkable upswing, the Lyxor Hedge Fund index was still in timid recovery mode, up 0.1% last week. This is now
- 18/11/2014
- 18/11/2014
Global funds transaction network Calastone has appointed Cris Conde as the firm’s new Chairman of the Board.
Conde will be taking up his post with immediate effect working closely alongside Julien Hammerson, the CEO, to continue the growth trajectory of the business.
Late last year, Conde took up a seat on the Calastone board as a non-executive director, and invested in the privately held business.
Having spent 28 years at SunGard, Conde has a formidable track record of accelerating the growth of financial technology companies. It started in 1983, when Conde co-founded a financial technology software business, Devon Systems, serving
- 18/11/2014
SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & CO, has strengthened its presence in the UK with the opening of an office in Edinburgh.
This development follows several hirings and specific product launches, which confirm SYZ Asset Management’s commitment and growing success in the UK market.
The Edinburgh office has a dual purpose, encompassing asset management functions as well as the promotion of SYZ Asset Management’s institutional strategies, available through segregated mandates or the OYSTER and SYZ AM funds range. The local asset management team comprises Claire Manson, a member of the
- 17/11/2014
- 17/11/2014
Irish start-up, Fund Recs, a developer of cloud-based reconciliation software to global fund administrators to to provide trade processing solutions for Capita Asset Services fund business in Ireland.
Fund Recs software will be used to automatically capture trades from Fund Managers and post them to Capita’s internal fund accounting system.
Fund Recs was founded in 2013 to provide reconciliation software to global fund administrators. Its software allows companies automate the reconciliation of Cash, Position and FX holdings on the funds they administer thereby removing the operational risk of manual mistakes. Fund Recs also provides a manager dashboard giving a
- 17/11/2014
HFFT Alternative Limited has been granted an alternative investment fund manager (AIFM) licence from the Gibraltar Financial Services Commission to provide full AIFM services to both EU and non-EU funds.
A plethora of enhanced compliance requirements including the regulatory demands under the AIFMD have strained the resources of and forced small and mid-sized firms to actively consider outsourced solutions.
AIFMD came into force on 22 July 2013 and regulates EU and non-EU fund managers that market alternative investment funds to investors domiciled, or with registered offices, in the EU.
As a confirmed AIFM license holder HFFT Alternative will be able
- 17/11/2014
SAM, the alternative asset manager launched by Lord Stanley Fink in 2008, has launched IS Prime, a new foreign exchange brokerage service.
IS Prime will only target institutional investors – retail brokers, asset managers, regional banks, hedge funds and family offices – with a range of services including traditional and non-traditional liquidity, prime of prime brokerage and access to risk management solutions. The firm will provide uniquely flexible solutions which will be tailored to each individual client’s needs.
The business will be led by Jonathan Brewer and Raj Sitlani, Managing Partners, who have over 37 years’ combined brokerage experience
- 17/11/2014
Arvind Chari, Investment Adviser, at ACPI Investment Managers comments on the recent Indian CPI figures…
The Indian CPI for October settled at 5.5%, below what many were anticipating. Following the trend in CPI over the summer, which fell 1% a month since July, November’s CPI is likely to be close to 4.5%.
Although a substantial year-on-year impact is due to the base effects of vegetables and fuel, there has been a deceleration in overall inflation. The decrease in year-on-year inflation is due to the slower month-on-month growth shown by food and core CPI items.
This trend will play out as lower
- 17/11/2014
- 17/11/2014
Fitch Ratings' 2015 rating and sector outlooks for investment managers are stable despite increasing competition between traditional and alternative investment managers to meet retail investors' growing appetite for alternative investments and secondary risks associated with a potential interest rate rise.
The outlooks, published in a special report by Fitch today, reflect the ongoing growth in assets under management (AUM), increasing AUM scale and diversity, consistently strong margins and healthy leverage and liquidity levels.
'Investment managers could face headwinds in 2015 if interest rates rise sharply or unexpectedly,' says Mohak Rao, Director, Financial Institutions. 'However, the low rate environment has
- 17/11/2014
Direct lending funds have continued to gain traction in the private debt marketplace, and are the prevailing strategy for private debt fund managers established since 2008, according to Preqin.
Almost three-quarters of institutional investors active in the private debt space plan to allocate fresh capital in the coming year to direct lending funds, which are often considered a better fit for more conservative investors in the private debt market, given their similar structure to fixed income investments compared to more private equity-style methods such as mezzanine and distressed debt funds.
Fundraising in the private debt space reached a peak in
- 17/11/2014
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