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IMatchative has completed a USD20 million Series B funding round, which will be used to support the continued development of AltX, the firm’s data analytics platform and marketplace for capital introduction.
Lead investors include Wells Fargo & Company, Control Empresarial de Capitales, controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, and Andy Redleaf, the CEO of Whitebox, which are providing the majority of the capital.
Jeff Ubben, founder of Value Act Capital, led the Series A round and also invested in this round. Sterne, Agee & Leach served as IMatchative's financial adviser for the funding round.
- 28/10/2014
- 28/10/2014
Institutional alternative investment manager Crestline Investors has partnered with Denali Capital, a syndicated commercial loan asset management firm, to further expand a collateralised loan obligation (CLO) platform.
The business will operate under the name Crestline Denali Capital.
Denali Capital has had a relationship with the principals of Crestline since it began operating in 2001. The new alliance adds a well-established CLO manager to the Crestline family of product offerings and uses Denali Capital's expertise in sourcing and managing syndicated senior loans and related assets for the purpose of structuring and managing high-quality CLOs and other funds.
Under the
- 27/10/2014
Schroders’ Emerging Markets Economist, Craig Botham, comments on the results of the recent Brazilian election…
Brazil disappointed investors by returning incumbent Dilma Rousseff to the presidential office in Sunday’s vote. Hopes for reform to address Brazil’s structural economic problems have been dimmed, if not dashed.
A marked change of course in policy seems unlikely under Dilma. Though the president has claimed she will address macroeconomic concerns, we have heard these promises before without seeing matching policy action.
The more likely outcome, in our view, is that Dilma changes course only under extreme market duress. Policy may improve slightly at the
- 27/10/2014
- 27/10/2014
Gottex Fund Management is gearing up to launch its first UCITS product under the popular RQFII program that gives global asset managers access to China’s equity markets. The fund is scheduled to launch in the first quarter of 2015 according to the firm’s latest trading statement. It will invest in China’s A-shares market and will be managed by the Gottex-VStone Asset Management office in Shanghai. Gottex moved to establish a joint venture with VStone last year.
The firm currently has USD8.71bn of client assets as at 30 September. On the same day it completed its merger with the EIM Group
- 27/10/2014
Assets under management of Luxembourg domiciled funds reached EUR3,006.76 billion at the end of September 2014.
This represents a 14.97 per cent increase since the beginning of this year and is mainly due to net sales.
Marc Saluzzi, chairman of the Association of the Luxembourg Funds Industry (ALFI), says: “Assets under management have steadily increased since September 2013, and whilst with volatile markets assets under management actually may drop, it is encouraging both that investors have confidence in investment funds generally and that fund promoters continue to choose Luxembourg as a domicile.
“Luxembourg remains the most prominent international
- 27/10/2014
Lombard Odier Investment Managers (LOIM) has built a long/short strategy across asset classes aimed at improving risk-adjusted returns with a low correlation to traditional investments.
LO Funds – Alternative Risk Premia, a long/short fund, is designed to help in today’s environment of declining markets and uncertain prospects, where investors find the search for returns increasingly hard. Investors also need liquidity and cost-efficiency from their portfolios and know that exposure to traditional asset classes may correlate just when they need to be diversified.
By applying an Alternative Risk Premia approach with the ability to go systematically long and short, LOIM
- 27/10/2014
By Jason Brandt (pictured) – Visionary service providers are always attuned to jurisdictions which provide a healthy and active client base within an environment that supports their operations. Establishing a presence at just the right time is as crucial as having a unique product offering, with newcomers competing to set themselves apart from the entrenched, native firms.
For clients, discovering a local provider for their fund administration needs within a trusted centre of excellence is an important tool in their business strategy, for a variety of reasons, not the least of which is simply having someone on the ground and
- 27/10/2014
Former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than USD840,000 and accept securities industry bars in order to settle the Securities and Exchange Comission’s (SEC) insider trading case against him.
The SEC filed civil charges in March 2013 against Rengan Rajaratnam for his role in the widespread insider trading scheme conducted by his brother Raj Rajaratnam and hedge fund advisory firm Galleon Management.
The insider trading occurred in securities of more than 15 companies for illicit gains totalling nearly USD100 million. The SEC has now obtained court judgments or settlements in Galleon-related enforcement actions against 35
- 27/10/2014
PwC Luxembourg is the leading professional services firm in the country with around 2,400 people. Similarly, its Real Estate and Infrastructure team is the largest multidisciplinary team of specialists in the Grand Duchy with more than 250 experts supporting global real estate managers; these range from tax advisers and engineers to auditors and fund accountants.
“We service a large segment of the Luxembourg and international real estate market and this allows our team to deliver tailor-made specialised services to our clients,” explains Amaury Evrard, Partner and Real Estate Leader at PwC Luxembourg. “We can make the most of our global
- 24/10/2014
By Kavitha Ramachandran, Maitland – As the alternative investment market matures, investors are increasingly demanding far more information and transparency from fund managers in return for their capital. Transparency is the new name of the game. In this regard, the Alternative Investment Fund Managers Directive (AIFMD) may be viewed as a single piece of regulation, but its ultimate aims are more or less in line with other regulatory changes such as MiFID II/MiFIR and PRIPS. There will come a point where the reporting and transparency requirements demanded under the AIFMD will become the minimum accepted standard needed to attract investors.
It
- 24/10/2014
- 24/10/2014
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