BNP Paribas Asset Management (BNPP AM) has finalised the integration of BNP Paribas Capital Partners (BNPP CP), its specialised alternative multi-management platform including private asset fund solutions, as well as funds of hedge funds and UCITS-compliant hedge funds. In line
The hedge fund industry returned to monthly gains in December, returning 1.26 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
A new macro trading unit established by Schonfeld Strategic Advisors has been allocated USD5 billion, including leverage, according to a report by Bloomberg. Led by industry veterans Colin Lancaster and Mitesh Parikh, the new unit which is due to debut
Private equity firm Nile Capital Group Holdings has acquired a minority stake in hedge fund manager Welton Investment Partners, according to a report in Pensions & Investments. Terms of the transaction, which was completed on 15 December, have not been
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2021 measured 0.51 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined by 0.62 per cent in January. “SS&C GlobeOp’s
Man Group has launched a new initiative, Capital Asset Solutions (CAS) within Man Solutions Limited. The initiative is led by new hires Dan Robinson and Stephan Muecke, who are based in London. The CAS initiative will combine the breadth of
KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation. The acquisition brings significant technology expertise in-house, with microservices architecture and
Boosted.ai, a distributed machine learning platform for global investment professionals, has closed a USD35 million Series B financing round, led by Ten Coves Capital and Spark Capital. Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in
Waystone is strengthening its presence in the UK ACD and fund administration market with the acquisition of T Bailey Fund Services (TBFS).
The global hedge fund sector returned +1.58 per cent in December, bringing the aggregate return for the industry for 2021 to +10.00 per cent, according to the December and year-end 2021 eVestment hedge fund performance data.
