The Eurekahedge Hedge Fund Index rose 2.35 per cent in January 2019, recording its strongest January performance since 2006 as fund managers recovered from the losses sustained during the last few months of 2018. The index ended 2018 with its
Pangea Blockchain Fund has held the close of its seed round and debuted its inaugural International fund focussed on transformative blockchain solutions. The firm secured USD22 million and expects fundraising to be capped at USD200 million. Pangea Blockchain Fund’s
London-listed alternative investment manager Man Group has agreed to acquire a 25 per cent stake in Nephila Capital, a specialist manager working with insurance-based instruments such as i
A corporate team from Carey Olsen Bermuda has advised Apex Group (Apex) on its purchase of Beacon Fund Services (Bermuda) Ltd, Beacon Corporate Services (Bermuda) Ltd and Beacon Management Limited (Beacon). The acquisition of Beacon, a well-established Bermuda-based fund administrator,
The LF Woodford Equity Income Fund (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. This step signals the start of a strategy to switch the fund’s
Man Group has announced net inflows of USD10.8 billion for the financial year ended 31 December, down from the USD12.8 billion seen in 2017. Funds under Management (FUM) totalled USD108.5 billion as at 31 December 2018 compared with USD109.1 billion
Saxo Bank, a fintech and regtech specialist focused on multi-asset trading and investment, is broadening access to Chinese securities, further cementing its position as a gateway to China for its international client base. Qualified institutional clients are now able to
Morningstar has released a new report, Cross-Border Liquid Alternative Fund Landscape 2019, showing how the landscape for this fast-growing asset class has developed and transformed in the past decade, and what challenges lay ahead for investors and fund selectors in
JP Morgan Worldwide Securities Services (WSS) has launched its tax calculation reporting service for UCITS funds distributed into the UK the firm announced this week.
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 31 per cent to 359.3 TWh in February (February 2018: 274.3 TWh). In particular, significant increases in the German Phelix-DE product (248.4 TWh, + 62 per cent)
