Funds
Nikhil Kamath and Richard Pattle, Co-founders of True Beacon, an Indian asset management company, have launched the first operational Alternative Investment Fund (AIF) in Gujarat International Finance Tec-City (GIFT City).
True Beacon Global, a Fund for international strategic investors, will provide access to Indian capital markets with high levels of transparency, coupled with zero management fees and a globally competitive tax regime.
True Beacon serves over 250 ultra high net worth and high net worth individuals in India, and is headquartered in Bangalore. The company’s flagship Fund, True Beacon One, delivered a 32 per cent outperformance of the Indian equity
Diginex Limited, a digital assets financial services company, has announced that combined 24-hour spot and derivative volumes on its EQUOS cryptocurrency exchange reached a record-high, exceeding USD200 million on May 20, 2021. Trading volume for the past 30 days has increased more than 40 per cent to USD2.9 billion, only three weeks since the company announced a record USD2 billion in 30-day volumes on May 4, 2021.
Read the full story at Institutional Asset Manager…
As cryptocurrencies continue to experience violent price shocks, new industry research shows crypto hedge funds’ assets under management have almost doubled to some USD3.8 billion, with traditional managers increasingly eyeing the sector after returns soared in 2020.
As Asian investors demonstrate a growing appetite to allocate to alternative investment funds, Hong Kong is becoming more attractive to managers looking to make the most of the opportunity.
Chinese Long Short Equity hedge funds substantially outperformed their American equivalents in 2021, according to research carried out by AlternativeSoft.
Marketa globally had a year of extreme volatility in 2020 due to the ongoing pandemic. According to the World Economic Outlook report by IMF in January 2021, the overall world output fell by 3.5 per cent. China was the only country with a positive growth of 2.3 per cent, while the United States fell by -3.4 per cent. United States and China constitute 40 per cent of the world’s GDP.
AlterntiveSoft selected hedge funds with AUM greater than USD10 million,
In light of the recent scandals resulting from mispriced assets, and the broader impact of Covid-19 on the global economy, the need for accurate financial and valuation reporting in private markets – where the underlying assets are largely illiquid and hard to value – is a germane issue for investors.
“Net long-bias with teeth” is how Paul Wick, lead portfolio manager of the sector-specialist Seligman Tech Spectrum, describes the strategy’s positioning in the market.
Certares Management (Certares), an investment specialist dedicated to the travel, tourism and hospitality sectors, and Knighthead Capital Management, (Knighthead), a credit investment management firm, have closed the CK Opportunities Fund at approximately USD1.5 billion in total commitments.
The Fund exceeded its initial target of USD1 billion over a six-month fundraising period in a fully virtual environment. The Fund received strong support from a diversified global investor base, including leading sovereign wealth funds, family offices, pensions, endowments and foundations, and financial institutions.
The fund is the first co-managed fund for Certares and Knighthead, and it represents a powerful partnership between the
SS&C Technologies Holdings, Inc has announced that the SS&C GlobeOp Forward Redemption Indicator for May 2021 measured 2.46 per cent, down from 2.07 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.46 per cent for May 2021 represents a reduction in redemption notices compared to the 4.00 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The 2.46 per cent reported for the indicator marks the eleventh consecutive month of year-over-year reduction in hedge fund redemptions, as well as the lowest level of redemptions for any month of May since the Forward
Exegy Incorporated, a specialist in low-latency solutions for global market data, predictive trading signals, and hardware-acceleration technology, and Vela Trading Systems (Vela), a provider of data and execution technology for global multi-asset electronic trading, have merged business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over USD7.5 billion of capital commitments under management.
Operating as Exegy Incorporated, the combined company creates a new provider of premier data and execution platforms, managed services for electronic trading powered by proprietary hardware-acceleration, Artificial Intelligence (AI), and service automation technologies.
“Exegy’s combination with Vela represents an exciting
