Funds
IQ-EQ has acquired Blue River Partners (Blue River), a US provider of outsourced solutions to alternative asset managers in a deal that IQ_EQ says makes it a major player in the US private equity and hedge fund services market. The newly combined IQ-EQ US operation will total 200 people in the US as a result of this transaction.
Founded in 2009, Blue River pioneered back-office outsourcing for alternative asset managers, and has grown to become an industry leader, servicing more than 400 clients across the US and employing approximately 180 team members across its seven office locations – Dallas (HQ), Fort
Tullow Oil, the London-listed oil and gas explorer shorted by several major hedge funds, has seen a further slump in its share price this week.
Tullow shares dipped from 45.81pp on Friday to 43pp on Monday, following the announcement it is abandoning its Marina-1 drilling project in offshore Peru having failed to strike oil in the area.
Crispin Odey’s Odey Asset Management is one of a number hedge funds with long-standing bets against the driller. According to regulatory disclosures, Odey – whose flagship Odey European long/short equity strategy suffered a 10 per cent annual loss last year – has a
The Eurekahedge Hedge Fund Index returned 8.67 per cent in 2019, supported by the risk-on sentiment among investors and positive geopolitical developments throughout the year. Roughly 37.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the year.
The global hedge fund industry AUM had increased by USD10.3 billion in 2019. Investor redemptions totalling USD127.5 billion have been recorded throughout the year, a level the industry has not seen after the global financial crisis.
The Eurekahedge North American Hedge Fund Index was up 9.06 per cent throughout 2019, as fund managers focusing on the region
Matchbook, the talent marketplace for the financial services industry, has entered into a strategic alliance with Argyll & Buchanan (A&B), a provider of prime brokerage solutions for startup and emerging managers, to provide clients with best-in-class recruiting technology and executive search services to help them grow their business.Matchbook, a OneWire brand, provides a role-based marketplace of screened and vetted talent ready to make a move. Hiring firms can subscribe to different roles, view profiles, read recruiter notes, view compensation expectations, and interview candidates all free of charge. The Company charges a reduced success fee if a hire is made, decreasing
In the second instalment of his monthly blog, Joel Press, formerly a senior partner and Head of the Global Hedge Fund Practice at Ernst & Young, and a leading voice on hedge fund operations and co-ordination services, talks through how to go about building a successful team and putting the right infrastructure in place…
Algebris Macro Credit, a macro credit-focused hedge fund strategy run by Davide Serra’s Algebris Investments, is positioning for market volatility with catalyst-focused trades, amid a strong start to 2020.
The EUR520 million fund, which is managed by portfolio manager Alberto Gallo, is up some 3 per cent so far in 2020, having gained 2 per cent in January. Last year the fund was up 20 per cent, driven partly by gains in beta credit positions and selective long and short bets across sovereigns, corporates and banks, reversing 2018’s hefty 13.67 per cent loss.
The fund is currently focused on concentrated
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2020 measured -0.22 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.60 per cent in February.
“SS&C GlobeOp’s Capital Movement Index rose 0.60 per cent for February 2020, reflecting positive net flows into hedge funds,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Though lower than the 0.94 per cent gain reported a year ago, this solid increase indicates 2020 is off to a good start with respect to hedge fund asset growth.”
STP Investment Services, a provider of middle office and investment operations outsourcing, fund services and technology solutions, has expanded the breadth of its existing services with the acquisition of Accusource, an investment operations firm serving the investment management industry. The acquisition reinforces STP’s remarkable growth story, best-in-class operations, technology solutions, dashboards and reporting portals, and broadens STP’s service footprint by enhancing its Business Process Outsourcing capabilities.
Accusource partners with investment management firms like RIAs, hedge funds, family offices and asset managers to deliver reconciliation, General Ledger integration, performance measurement validation, and statement digitisation services. The firm also provides data migration and
The novel currency and gold-focused CTA strategy run by ex-AHL director Christopher Cruden has marked its fifth anniversary with a strong double-digit showing in the first six weeks of the year.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.31 per cent in January, underperforming the 0.41 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“After a positive start to the year, equity markets experienced a heightened degree of volatility stemming from the coronavirus outbreak in China, which also contributed to a significant Energy
