The hedge fund industry’s redemption trend continued in September as a fourth straight month of net outflows saw monthly redemptions increasing to USD14.7 billion. September’s redemptions represented 0.5 per cent of hedge fund industry assets and were up from August’s
The SS&C GlobeOp Forward Redemption Indicator for November 2019 measured 4.81 per cent, up from 3.76 per cent in October. “SS&C GlobeOp’s Forward Redemption Indicator was 4.81 per cent for November 2019, an increase compared to the 3.96 per cent reported for the
Evercore Partners Inc has agreed to purchase a 45% non-controlling interest in ABS Investment Management, LLC, an institutionally focused equity long/short hedge fund-of-funds manager. Under the terms of the purchase agreement, Evercore will pay approximately USD45 million in cash to
Saba Capital Management, the USD4.7 billion hedge fund set-up by credit derivatives trader Boaz Weinstein, has appointed Throgmorton to provide a full-range of back-office services for its new UK operations. Saba Capital set up its UK entities in June, and
MV Index Solutions (MVIS) in partnership with CryptoCompare, a specialist in digital asset data, has launched the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC), which is designed to measure the performance of a digital assets portfolio which invests in Bitcoin, priced
Event-driven investment firm Pinyon Asset Management has partnered with alternative asset management firm GCM Grosvenor. Patrick Burke, former event-driven equity portfolio manager at Sandell Asset Management from 2004-2010, is the chief investment officer and managing partner of Pinyon. Burke
Hedge fund managers kicked off the fourth quarter on a positive note following a flat Q3, with the equal-weighted index up 0.40 per cent and the asset-weighted index up 0.82 per cent in October, according to data released by Eurekahedge.
New London-based investor, Inspirit Capital, is to focus on acquiring and transforming small and medium-sized businesses that are experiencing strategic, operational or financial complexities. Inspirit Fund I successfully hit its GBP50 million hard cap attracting committed capital from a select
