Hedge funds had another positive month in July, returning 0.44 per cent according to the Barclay Hedge Fund Index, compiled by BarclayHedge. By comparison, the S&P Total Return Index was up 0.66 per cent in July. Hedge funds continue to
Rational Funds has launched the Rational Special Situations Income Fund (RFXIX), which utilises an investment strategy primarily focused on non-agency residential mortgage backed securities. The fund, which originally launched as a hedge fund in 2009 and was converted into a
UMB Bank, a subsidiary of UMB Financial Corporation, has promoted two UMB Fund Services (UMBFS) executives – Tony Fischer and Maureen Quill (pictured). Fischer has been promoted to national sales director for UMB Fund Services, Investor Solutions, Corporate Trust and
Asymmetry Capital Management, an alternative asset management firm launched in 2013 by Scott Kay, has appointed James Yin, PhD as an analyst covering global therapeutics, based in the firm’s San Francisco headquarters. Yin has conducted research at the National Institutes
NextWave Ventures, a venture-capital firm specialising in the commercialisation of early-stage technologies, today formed Apical Technology, a portfolio of artificial intelligence (AI) technologies. Advanced by Ron St Onge and Jim St Onge, Apical is the result of nearly 20 years
Pacific Alternative Asset Management Company (PAAMCO) has launched PAAMCO Alternative Beta, the latest tool in the firm’s suite of institutional liquid alpha solutions. PAAMCO Alternative Beta offers a portfolio of alternative risk premia diversified across strategies, asset classes and implementations. It
Barnes & Noble is to be acquired by funds advised by Elliott Advisors (UK) Limited (Elliott) for USD6.50 per share in an all-cash transaction valued at approximately USD683 million, including the assumption of debt. Elliott’s acquisition of Barnes & Noble,
Angel Oak Capital Advisors, an investment management firm specialising in value-driven alternative credit, has surpassed USD10 billion in assets under management across its platform of public funds, private funds and separately managed accounts. In addition, the firm also holds one
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2019 measured 0.42 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.38 per cent in August. “SS&C GlobeOp’s Capital Movement Index for
iMeta, a supplier of Client Lifecycle and Master Data Management software, has extended its Legal Entity Data Management capability to include Roles and Relationship Manager (RRM). iMeta RRM aims to enhance a financial firm’s ability to manage their complex third-party
