Funds
There have been 35 activist short campaigns against SPACs that completed mergers since the beginning of 2020, according to new research from Insightia.
The data highlights that shorts are the leading cause of grief for SPACs, a financial innovation that has taken off in the past two years.
Eight activist short sellers have targeted more than one de-SPACed company, and at least one short seller has targeted a pre-merger SPAC, taking advantage of enthusiasm from retail investors sending the stock soaring.
In contrast, no SPACs have been targeted by a long activist campaign. Experts cite market dynamics and takeover
This year’s hedgeweekLIVE European Emerging Managers Summit concluded with a wide-ranging panel discussion centred on fundraising, with speakers examining some of the ways start-up hedge funds can successfully attract investor money during the challenging capital-raising process.
The SS&C GlobeOp Forward Redemption Indicator for November 2021 measured 2.28 per cent, up from 1.56 per cent in October.
“SS&C GlobeOp’s Forward Redemption Indicator for November 2021 was 2.28 per cent, reflecting lower redemption notices compared to the 3.63 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favourable comparison marks seventeen consecutive months of declining year-over-year hedge fund redemptions.
“Moreover, the 2.28 per cent level of redemptions is the lowest reading for any month of November since the inception of the Forward Redemption Indicator in 2008.
The ability of financial market operators to reinvent and innovate has been one of the key successes driving industry growth in the last decade. With the events of the past 12 months creating an increasingly challenging market backdrop, Mario Sanchez (photographed above), Managing Director and Global Head of Sales at FXCM Pro, sheds light on FXCM Pro’s latest innovation to better meet the needs of wholesale market participants – a CFD Prime service.
Boutique law firm Kleinberg Kaplan, described as “Wall Street’s best-kept secret”, is celebrating its 50th anniversary as a legal adviser to investment funds and entrepreneurs, including many pioneers in the funds industry.
Founded by Fred Kleinberg, Myron Kaplan and Norris Wolff in November 1971, with Jim Cohen joining a few months later, Kleinberg Kaplan has grown into a multi-disciplinary firm with more than 100 lawyers and staff. With an international practice, the firm serves the global interests of its clients from an office in New York City, the financial capital of the world.
Since its inception, Kleinberg Kaplan has maintained
The global hedge fund industry saw positive net inflows of USD6 billion in Q3 amid increasing volatility, totaling net inflows of USD23.7 billion in the first nine months of 2021, according to data from the Citco group of companies (Citco), the asset servicer with USD1.6 trillion in assets under administration (AuA).
SureFire Capital, a family office specialising in alternative investments, debuted its innovative structure for investors in SureFire Multi-Strat, LP, which achieved a +24 per cent year-to-date 2021 return including +15.6 per cent in October and +28.4 per cent annualised.
The underlying quantitative investment strategy, focused on the Nasdaq-100 Index, is highly scalable. Qualified investors may select the traditional hedge fund structure or SureFire Capital’s new ‘Buffered Note’ as a 12, 24 or 36-month loan, providing fixed quarterly interest disbursements. The note’s principal risk decreases over time, offset by SureFire’s Equity Buffer, which serves as a first loss investor protection and
Insig AI, a data science and machine learning solutions company serving the asset management industry, is to acquire the entire issued share capital of FDB Systems Limited, a specialist in the collection and structuring of financial market data for investors and other capital markets participants.
Integrating FDB Systems’ data ingestion and structuring technology with Insig AI’s storage, visualisation and machine learning optimisation capabilities will allow the Company to offer a complete end-to-end financial data solution to its customers. For more than 18 months, Insig AI has been a customer of FDB Systems and therefore has a close appreciation of its
With extensive experience working with UK pension funds and insurers, and having gained a deep understanding of their investment challenges, MFS Investment Management (MFS) has added to its global fixed income capabilities by launching a UK buy and maintain credit strategy.
The strategy aims to achieve long-term returns through low turnover and the sustainable capture of credit risk premium.
Kelly Tran, head of UK and Ireland institutional sales, says: “We have seen the increased demand for buy and maintain portfolios from UK DB schemes and insurance companies. Generally, these strategies are used as a component in one of two
IQ-EQ, an Astorg portfolio company, has acquired Greyline Partners (Greyline), a US provider of governance and regulatory compliance solutions for PE, VC, hedge funds and investors.
Greyline is a fast-growing business with a strong commercial and cultural fit for IQ-EQ’s expanding operations in the US. Today, IQ-EQ U.S. employs 500-plus people with plans to significantly grow this number in 2022 thanks to its strong business performance in the US market. The combination of IQ-EQ and Greyline firmly positions IQ-EQ as the leading provider of outsourced business services to the alternative asset industry. This latest acquisition follows the successful acquisitions of
