Robert J Boulware, former CEO of ING Funds Distributor, has accepted a partnership offer with multi-strategy alternative investment manager Palo Verde Capital, effective immediately. Boulware joins Palo Verde Capital as Chairman of the investment committee and will assist the firm
Investors are becoming increasingly aware of the fact that global markets will, at some point, move towards a higher interest rate environment. This will happen at varying speeds depending on the region, with the US and the UK most likely
The Board of Trustees of the JPMorgan Money Market Funds has approved the firm's preliminary recommendation regarding the intended designation of its publicly offered money market funds as "Institutional," "Retail" or "Government," in accordance with the criteria established by the
Liquid alternatives are one of the fastest growing areas of the asset management industry. In Europe, assets grew from EUR36bn to EUR236bn between 2008 and 2014, according to a Deutsche Bank report released last September (entitled From Alternatives to Mainstream
Quantmetrics Capital Management is to join Lyxor Asset Management’s AIFM managed account platform enabling Lyxor to launch its first AIFMD-compliant strategy on the platform. Quantmetrics’ investment strategy will be a short-term CTA program invested in all asset classes that seeks
FBR Capital Markets, an investment bank serving the middle market, has expanded its European institutional brokerage, a unit of its London-based subsidiary Friedman, Billings, Ramsey International. David Abraham and Blake Hill have joined the firm as director, institutional sales, and
Schroders is to launch another externally-managed fund on its GAIA platform, Schroder GAIA Paulson Merger Arbitrage, subject to regulatory approval. As it’s name suggests, the fund’s strategy is fundamental merger arbitrage, investing mainly in US, Western European and Canadian large
Gabelli Funds has completed the offering of a London Stock Exchange listed closed-end fund, The Gabelli Value Plus+ Trust (GVP), the firm’s first direct entry to the UK investment community. The fund invests in US equities, utilising Gabelli's fundamental, bottom
Overall, last year was a positive year for hedge funds in the sense that assets continued to grow, to the point where the industry reached USD2.8trn in total AuM. However, from a performance perspective it certainly wasn’t an easy one.
Fifth Street Asset Management has closed the Fifth Street Senior Loan Fund I (FS SLF I), a USD309.5 million collateralised loan obligation (CLO). FS SLF I represents FSAM's initial CLO under management and its pricing was the first for a
