Much is made of '40 Act alternative mutual funds but with their myriad investment restrictions and daily liquidity provisions, the lesser-known registered private fund could be a more compelling proposition for hedge fund managers. This is the view held by
Latitude Investment Management (Latitude), an investment management firm recently founded by Freddie Lait (pictured), has launched it first fund, The Latitude Horizon Fund, which will spin out of Odey Asset Management in early November. The Latitude Horizon Fund (UCITS V)
RiverNorth Capital Management has launched the RiverNorth/DoubleLine Strategic Opportunity Fund, a closed-end fund that opportunistically invests in fixed income securities and tactically invests in closed-end funds. The fund debuted on 28 September on the NYSE under the symbol OPP.
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has reported year-on-year growth of over 30 per cent up to the end of the third quarter of 2016. The company’s employee count also exceeded 100 as
UK-based independent AIFMD depositary INDOS Financial has recorded a 160 per cent increase in assets under depositary from September 2015 to end-September 2016 of USD8 billion to a total of USD13 billion. In the same period, client relationships have grown 70
BNP Paribas Investment Partners has completed the EUR500 million final close of the BNP Paribas European SME Debt Fund, attracting a range of European institutional investors. The fund finances small and medium sized enterprises in Europe through a solution combining
PGIM Investments has partnered with iCapital Network to provide HNW clients with access to a range of alternative investments including private equity and hedge funds.Read the full story at Wealth Adviser…
The hype for blockchain is over and real world results must now be achieved, according to TABB Group’s latest research, “Demystifying Blockchain.” The report details how a clearer vision and execution path for blockchain is emerging, but that the technology
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, has completed the acquisition of Rydex Fund Services, a 1940-Act mutual fund administration business, from Guggenheim Investments. The deal complements MUFG Investor Services’ full service offering for
Project One, a ‘next generation’ AI-powered hedge fund has set it sights on generating returns similar to Renaissance Terchnologies’ fabled Medallion fund, the granddaddy of quant funds. Project One, the brainchild of Andrew Sobko and Rami Jachi, is powered by a
