Funds
The Eurekahedge Hedge Fund Index was up 0.31 per cent in October, bringing its year-to-date return to 6.27 per cent. Roughly 30.1 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first 10 months of the year.
The global hedge fund industry AUM has declined by USD19.5 billion as of October 2019 year-to-date. Net outflows figure for Q3 stood at USD40.6 billion, which compares to the USD46.4 billion and USD40.0 billion of net outflows in Q1 and Q2 2019 respectively.
The Eurekahedge North American Hedge Fund Index was up 6.26 per cent year-to-date,
Estera Bermuda’s Insurance-Linked Securities (ILS) team has sponsored the listing of the Hexagon II Reinsurance DAC notes.
The Hexagon II Reinsurance DAC listing is the third EU domiciled ILS deal on the Bermuda Stock Exchange (BSX) in 2019. It follows the Estera sponsored listing of EUR45 million Atmos Re DAC notes and GBP75 million Baltic PCC notes from Ireland and the UK respectively. To date, there have been six ILS notes originating from foreign issuers listed on the BSX in 2019. Estera has listed all the deals originating in EU and UK.
The Cover Group sponsored the Hexagon II
BNP Paribas Securities Services has taken a strategic stake in the capital of fintech AssetMetrix. The partnership will enable BNP Paribas Securities Services to expand and digitalise its services to private capital clients and investors.
By deploying AssetMetrix’s leading technology and web services within its private capital business, BNP Paribas Securities Services will give its clients access to powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt).
This will enable clients to optimise decision-making and enhance risk monitoring. Asset manager clients will also be able to provide their end investors with individual
Asian private equity firm NewQuest Partners has held the final close of its fourth dedicated secondary fund, NewQuest Asia Fund IV with over USD1 billion in total commitments, surpassing its initial target of USD850 million.
The Fund increased its original hard cap of USD950 million to accommodate strong investor demand.
Fund IV investors include a diverse group of endowment funds, pension funds, sovereign funds, insurers, financial institutions and family offices across Asia, North America, Europe and the Middle East. Fund IV’s close comes on the back of NewQuest’s prior fund, NewQuest Asia Fund III, being fully deployed.
The Fund’s close
Atalaya Capital Management, an alternative asset manager focused on private credit and special situations investments, has closed its seventh Special Opportunities Fund (ASOF VII) at its USD950 million hard-cap.
ASOF VII’s investors are primarily public pensions, corporate pension plans, sovereign wealth funds, and foundations & endowments.
Since the inception of its investment period, ASOF VII has closed 17 investments and called ~28 per cent of its capital commitments. Atalaya attributes the velocity of capital deployment to the Firm’s deep bench of repeat counterparty and joint venture relationships and long-standing industry experience. This initial activity demonstrates continued momentum from ASOF VI,
The managed futures industry suffered a second straight down month in October declining 0.74 per cent, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
Sixty per cent of CTA funds had losses on the month, but year-to-date, CTAs have posted a 4.80 per cent gain through the end of October.
“Signs of a possible ‘phase one’ US/China trade truce coupled with the hope that a no-deal Brexit may yet be avoided was enough to convince investors that it may be time to reduce their defensive positions and get on offence,” says Sol Waksman (pictured),
EDBI, a global Asian-based Investor, is now a Pico investor and strategic partner. Pico provides transparent, low-latency financial markets solutions.
Instant access to financial markets is provided via PicoNet, a globally comprehensive network platform instrumented natively with Corvil analytics and telemetry. Its clients include more than 400 leading banks, exchanges, asset managers, financial technology vendors and trading firms operating across five continents. With Pico, clients are empowered with a highly responsive and transparent technology platform required to participate successfully in today’s fast paced financial markets.
“We are honoured and delighted to welcome EDBI as a strategic investor in Pico. EDBI was instrumental to
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2019 measured 1.15 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.50 per cent in November.
“SS&C GlobeOp’s Capital Movement Index showed a gain of 0.50 per cent for November 2019, reflecting net inflows for hedge funds. Although the gain was slightly lower than the 0.61 per cent increase in net flows reported a year ago, the result is well within the range of normal variation,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, we see this month
GMEX Group (GMEX), a specialist in digital business technology solutions for capital markets, in collaboration with Digital Partners Network (DPN), is to launch the Digital Investment Fund PCC (DIF).
DIF is a Professional Fund registered in the Seychelles, approved and regulated by the Seychelles Financial Services Authority (FSA). As the first ever tokenised hybrid fund, which is regulated, it bridges the gap between the conventional and digital investment worlds.
DIF has been set up as a Protected Cell Company (PCC), with initially three cells:
• Digital FinTech Fund (DFF) – A digital technology incubation/ early stage investment fund supporting
The Wilshire Liquid Alternative Index, which provides representative baseline for how the broad liquid alternative investment category performs, returned 0.31 per cent in October, in line with the 0.31 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“October was a positive month for risk assets, with equities drifting higher on the back of softening geopolitical tensions and supportive central bank policy,” says
