Funds
PGIM Investments has added a new liquid alternatives fund to its UCITs platform – the PGIM QMAW Keynes Systematic Absolute Return Fund – the first fund from Wadhwani Asset Management since its acquisition by PGIM in January 2019.
The fund launched on 24 September 2019 with seed capital of USD30 million.
QMAW’s systematic, quantitative approach seeks a return of LIBOR plus 5 per cent for the fund, while simultaneously attempting to limit the risk of capital loss. The strategy on which the Fund is based is calculated from January 2015 and has returned 20.9 per cent net-of-fees year to date
Financial services provider Siebert Financial Corp is to purchase Weeden Prime Services (Weeden Prime), a prime brokerage services provider.
When the deal completes, Weeden Prime will become a wholly-owned subsidiary of Siebert.
Founded in 2009, Weeden Prime is a full-service prime broker focused on providing services to institutional customers in clearing, hedge funds and family offices. Weeden Prime’s platform offers clients a scalable solution for prime brokerage, capital raising solutions, automated separately managed account infrastructure, exceptional client service and access to top-tier custody and clearing partners.
Weeden Prime offers a comprehensive global platform that includes dynamic proprietary risk
Schroders has launched two new funds on its alternative UCITS platform, giving investors access to both a US equity long-short fund and a US equity market neutral fund.
Schroder GAIA Nuveen US Equity Market Neutral and Schroder GAIA Nuveen US Equity Market Neutral are focused primarily on large-cap US equities, offering daily liquidity without a performance fee.
The launches give investors outside of the US access to Nuveen’s US equity long short strategies for the first time. The existing strategies boast robust six-year performance records and have a combined USD1.2 billion in assets under management (AUM).
Andrew Dreaneen,
The European Energy Exchange (EEX) slightly increased volumes on its power derivatives market in September to 380.5 TWh (September 2018: 377.1 TWh).
The largest growth rate was recorded in Austrian Phelix-AT Futures where trading volumes more than tripled year-on-year to 1.7 TWh (September 2018: 0.5 TWh). P
helix-DE Futures contributed the largest share to the overall volume at 250.1 TWh which represents a new monthly record (September 2018: 232.8 TWh). In the Central and South-Eastern European power derivatives markets, trading volumes increased by 35 per cent to 16.8 TWh (September 2018: 12.4 TWh).
In the EEX emissions trading
TOBAM, a Paris-based quantitative asset manager and founder of the Maximum Diversification approach, has been awarded the LuxFLAG ESG label to its full range of funds.
LuxFLAG independently verifies TOBAM’s incorporation of sustainable principles throughout its investment process and showcases TOBAM’s commitment to incorporating Environmental, Social, and Governance considerations. The label has been awarded across a number of strategies including Equity, Fixed Income and Multi-Asset portfolios.
Launched in May 2014 as the first European ESG label, the eligibility criteria for the ESG Label requires applicant funds to screen 100 per cent of their invested portfolio according to one of
Specialist fund management company Liontrust has completed the acquisition of Neptune Investment Management Limited.
The Neptune investment team, headed by Robin Geffen and which is now named the Liontrust Global Equity team, has joined Liontrust along with 19 Global, Income, Regional and Emerging Markets funds. There will be no change to the managers running the funds or the investment process used.
Robin Geffen will focus solely on managing funds and the investment team.
The funds have all been rebranded Liontrust and the Neptune Global Income Fund is now called the Liontrust Global Dividend Fund.
The acquisition broadens Liontrust’s
RBC Global Asset Management (RBC GAM) has launched the RBC BlueBay Global Bond Fund, a globally diversified fixed income fund designed as a core portfolio holding for US investors.
The RBC BlueBay Global Bond Fund is actively managed by the Investment Grade team at BlueBay Asset Management (BlueBay), and fully integrates environmental, social, and governance principles into its investment process.
“RBC Global Asset Management has built a reputation as a global leader in fixed income solutions,” says Jeff Masom, Head of Global Institutional Distribution at RBC GAM. “The RBC BlueBay Global Bond Fund leverages the depth and expertise of
So far in the media, Brexit has been discussed from an essentially British perspective. But the implications – especially in the case of a no-deal departure from the EU – could have an impact far beyond the borders of the UK. Marianne Scordel of Bougeville Consulting looks at some of the steps US fund managers have taken in an attempt to Brexit-proof their businesses…
The referendum took place over three years ago now, and the whole process can be compared at times to a cat crying to leave the house, only to remain on the mat once the door is opened, unsure as to whether to venture
TFG Asset management, a diversified alternative asset manager that owns majority and minority private equity stakes in asset management companies, is broadening its structured credit investing business under Tetragon Credit Partners.
The business has evolved from a historic focus on primary CLO control equity to a broader series of offerings across the CLO capital structure. TFG Asset Management is part of Tetragon Financial Group Limited, a closed-ended investment company that is traded on Euronext in Amsterdam N.V. and on the Specialist Fund Segment of the main market of the London Stock Exchange.
The CLO investing business – historically called Tetragon
SS&C Technologies Holdings, is to acquire certain Algorithmics and related assets from IBM. Algorithmics provides leading risk analytic products and services for the financial services industry worldwide.
The addition of Algorithmics, which is expected to be completed in the fourth quarter, pending the completion of customary closing conditions, will extend SS&C’s risk analytics and regulatory offering.
The acquisition adds over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker dealers, asset managers, hedge and private equity funds and service providers. Algorithmics’ solutions deliver the risk analytics clients need to address the impact of business
