Funds
The 2020 outlook for the global asset management sector is stable, reflecting high profit margins, manageable debt burdens, and sustained risk appetite among investors, Moody’s Investors Service says in its annual outlook.
The outlook is supported by a number of factors including low expectations for a recession in 2020, continued rationalisation of middle and back office functions which will help preserve profitability, and expectations for bolt-on (as opposed to transformational) M&A activity.
“Although under pressure from fee compression, passive product substitution, and low organic asset growth, profit margins remain high for traditional asset managers, which is a source of credit
Valuation is a key discussion point in the collateralised reinsurance and catastrophe insurance-linked securities market right now. Over the course of the loss years of 2017 and 2018, Pillar Capital Management Limited (Pillar Capital) has been very focused on its reserving practices and making sure it allocates changes to the NAV into the month that they occur with limited variability. This has been done while following a growth trajectory expected to continue into the year ahead.
Pillar Capital’s core investment strategy for its funds involves indirectly taking risk through indemnity based “primary” reinsurance. Advantages of this approach include significant choice
Robert Quinn Consulting Limited (RQC) and Capricorn Fund Managers Limited (CFM) have strengthened their long-standing partnership with CFM taking a significant interest in RQC.
RQC is a leading compliance consulting and advisory firm founded in 2007, with offices in London and New York. It has extensive experience of FCA, SEC and CFTC compliance. CFM is part of the Capricorn Capital Group (Capricorn), an international family office with offices in London, Johannesburg and Hong Kong. Capricorn has a long and successful history in backing high-quality teams in a range of alternative investments.
CFM and RQC already have a partnership through their
Siebert Financial Corp (Siebert), a provider of financial services, has completed the acquisition of Weeden Prime Services (Weeden Prime), a prime brokerage services provider for hedge funds and family offices.
Weeden Prime is now a wholly-owned subsidiary of Siebert.
The acquisition of Weeden Prime will provide a new customer base of institutional clients as well as several strategic clearing relationships. Weeden Prime’s technology, including their Armor solution, will be added to Siebert’s technology portfolio.
In addition, there are substantial cross selling opportunities for the institutional and retail clients, including partnering with institutional clients to generate new product offerings for the
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered a total volume of 195.0 TWh in November.
With 127.6 TWh, the spot segment reported a 23 per cent growth compared to 2018 (November 2018: 103.9 TWh) and the fourth record month for the Austrian CEGH VTP since the begining of the year: 10.1 TWh traded in November 2019 (previous record in October 2019: 9.7 TWh). With 9.1 TWh, the Belgian ZTP also reached a new high in November (previous record: 8.5 TWh in March 2019).
Derivatives trading amounted to 67.4 TWh (November 2018: 89.4
Adrian Lee & Partners (AL&P), an active currency and Global Macro Manager for institutional investors, has launched a Global Macro Alpha Fund, which seeks to generate consistent excess return through diversification of macro asset class, region and alpha source, while minimising risks and volatility.
The fund is comprised of three distinct portfolios: Global Equities, Global Fixed Income, and Currencies – a set-up designed to maximise independently expected asset returns and currency cross markets.
The investment process is founded on the exact same philosophy and methodology that generated the firms successful 28 year track record in active currency management for
Walter Global Asset Management (WGAM), the Walter Group’s private equity firm focused on asset management, has acquired a minority stake in Quadra Capital Partners (Quadra Capital) – an asset management firm specialising in alternative investments, with offices in London, Paris and Madrid.
“The Quadra Capital team has impressive experience and a proven ability to establish strong business relationships with prestigious clients in Europe, from large organisations to family offices,” says Sylvain Brosseau, president and CEO, Walter Global Asset Management. “Meanwhile, we will support Quadra Capital here in the North American market, particularly when it comes to developing these same types of
With 2020 on the horizon and fears of a recession looming, SkyBridge Capital Co-CIO Troy Gayeski explains why he believes the economy tied to the US consumer is still in good shape and what investors can do to maximise returns while protecting against a potentially more volatile market in the year ahead.
SkyBridge Capital – the 2019 winner of Hedgeweek’s best fund of hedge funds – serves a diverse pool of investors spanning institutions, accredited investors and sovereign wealth funds and for nearly 15 years, has used “alternative thinking” to generate long-term value and returns.
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GPIF, the Japanese Government pension fund and the largest pool of retirement savings in the world, has suspended stock lending in a move that will have implications for short-sellers including hedge funds.
GPIF says that the practice of stock lending is inconsistent with the stewardship responsibilities of a long-term investor and that the current scheme lacks transparency in terms of who is the ultimate borrower and for what purpose they are borrowing the stock.
GPIF, which manages JPY160 trillion (USD1.47 trillion) of assets, says it will continue to lend debt securities and that it may reconsider the suspension stock lending
Companies ranked in the bottom 50 per cent of ESG performance are significantly more likely to attract activists’ attention, according to the findings of Alvarez & Marsal’s (A&M) latest analysis and predictor of shareholder activism in Europe, the A&M Activist Alert (AAA).
The study also predicts that the wave of activism across Continental Europe will continue to increase in 2020 as activists adapt their tactics to different markets and sectors, with tech companies a key growing target sector for activist shareholders. The UK however remains the largest market for activists and is home to 54 of the 158 European companies
