Funds
The Eurekahedge Hedge Fund Index was up 0.17 per cent in August, bringing its year-to-date return to 6.58 per cent. Roughly 32.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first eight months of the year.
The global hedge fund industry AUM has declined by USD9.4 billion as of August 2019 year-to-date. Final Q2 2019 net outflows figure stood at USD40.0 billion, as investor redemptions continued to slow down. Hedge fund managers recorded USD46.4 billion and USD94.7 billion of net outflows in Q1 2019 and Q4 2018, respectively.
The Eurekahedge North
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2019 measured -0.43 per cent.
Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index advanced 0.21 per cent in September.
“SS&C GlobeOp’s Capital Movement Index rose 0.21 per cent for September 2019, up from the 0.03 per cent gain reported for the same period a year ago,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This increase marks the third consecutive favourable year-over-year comparison in monthly net flows. Investors clearly believe hedge fund managers can generate attractive returns in the current
Aberdeen Standard Investments (ASI) has signed an exclusive licence agreement with Hedge Fund Research (HFR), a specialist in the indexation, analysis and research of the global hedge fund industry, to launch a series of products that will track a range of investable hedge fund indices.
As part of this arrangement, ASI has incorporated a monthly priced strategy designed to track the HFRI 500, comprised of 500 hedge funds across a broad range of strategies. The investment strategy will subsequently allow access to HFR’s investable index family, with circa 30 underlying investable hedge fund strategies and sub-strategies giving investors the opportunity
The hedge fund industry posted negative returns in August, dropping 0.78 per cent, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P Total Return Index was down 1.58 per cent in August.
Despite the down month, hedge funds remained in positive territory for the year, gaining 6.86 per cent through 31 August. The S&P Total Return Index returned 18.35 per cent on the year through August.
August’s hedge fund difficulties were fuelled by the usual suspects: the US-China trade war, ongoing no-deal Brexit uncertainty, and recession fears.
“August
TD Asset Management (TDAM) has added the TD Greystone Real Asset Pooled Fund Trust to its existing suite of alternative investment solutions for accredited investors.
The new fund joins the TD Greystone Mortgage and Short Bond Pooled Fund Trust and the TD Emerald Private/Public Debt Pooled Fund Trust, which launched earlier this year exclusively through TD Wealth Private Wealth Management.
“We live in a challenging investing world, with very low interest rates, low yields, and increasing volatility. It’s more important than ever to look for new and innovative solutions to help drive value for clients,” says Rob Vanderhooft, Chief Investment Officer,
Hong Kong Exchanges and Clearing (HKEX) has made a proposal to the Board of London Stock Exchange Group (LSEG) to combine the two companies. The Board of HKEX says a combination with LSEG represents ‘a highly compelling strategic opportunity to create a global market infrastructure leader’.
HKEX believes that the Proposed Transaction would offer the prospect of significant synergies. In particular, the migration of HKEX’s trading and clearing platforms to LSEG’s technology, the revenue uplift in key businesses from cross-selling and innovation opportunities and a reduction in HKEX’s capital expenditures in connection with existing systems and future investment plans all present
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.27 per cent in August, underperforming the 0.38 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.
“August proved to be a volatile month for risk assets, with escalating trade war rhetoric and lingering concerns over global growth, overshadowing the Federal Reserve’s decision
Aggregate monthly performance for the hedge fund industry slipped into the red in August at -0.31 per cent, the second negative month the industry has seen this year (May was the first), according to the just-released eVestment August 2019 hedge fund performance data.
Year to date (YTD) 2019 industry performance sits at +6.97 per cent.
In spite of a mix of positive and negative monthly returns among hedge fund types in August, almost all segments of the industry are in the green for performance YTD, highlighting the continued comeback of the industry from 2018, when the industry and almost
By Beatrice Bedeschi – Ireland is set to attract a fresh wave of investments in green energy in the coming years, on the back of recent regulatory changes and as the country looks to achieve ambitious 2030 renewable targets.
Ireland is aiming to reach 70 per cent renewable capacity in the generation mix by 2030.
In order to achieve that objective, the country is expected to add 5.8 GW of non-hydro renewable capacity over the next decade, reaching a total 9.6 GW by 2030, data analytics and consulting company GlobalData said in its ‘Ireland power market outlook to 2030’ report.
Kudu Investment Management (Kudu), a New York-based independent provider of permanent capital solutions to asset and wealth managers worldwide, has made a strategic minority investment in EJF Capital, a global alternative asset management firm focused on regulatory event driven themes across the financial and real estate sectors.
Terms of the transaction have not been disclosed.
The investment by Kudu, a firm with a ‘passive, patient capital model’, will not impact the day-to-day operations of EJF, and the firm’s investment and decision-making processes will remain the same. EJF intends to use the proceeds as strategic growth capital to invest in its existing
