Funds
Tikehau Capital, an alternative asset management and investment group, and T&D Insurance Group, a major Japanese insurance company, have agreed to enter into a business and capital alliance.
T&D Insurance Group is one of the largest life insurance groups in Japan in terms of market shares and operates three life insurance companies each deploying a unique business model with distinct target markets, sales channels and products. T&D Insurance Group also operates an asset management subsidiary, T&D Asset Management, focused on investment trust and investment advisory activities.
This agreement enables Tikehau Capital to enhance its presence in Japan, following the opening
Hedge fund managers ended July 2019 up 0.53 per cent on an equal-weighted basis, and 0.70 per cent on an asset-weighted basis, according to data released by Eurekahedge.
Investor optimism towards the resumption of the US-China trade talks combined with the Fed’s anticipated rate cut supported the global equity market during the month.
Over the month of July, USD12.1 billion of investor outflows were recorded by the global hedge fund industry, despite performance-based gains of UD$18.1 billion. The industry AUM stood at USD2,292.4 billion as of June 2019.
The State Street Global Investor Confidence Index decreased to 75.9 in August, down 8.7 points from July’s revised reading of 84.6.
Investor confidence across all regions weakened, with the North American ICI decreasing from 80.3 to 72.5, the European ICI dropped from 98.6 to 89.0, and the Asian ICI fell from 91.8 to 89.2.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Markets’ research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
CMC Markets, a spread betting and contracts for difference (CFD) provider, is now offering its customers three new commodity indices: the Energy Index, Agricultural Index and Precious Metals Index.
This gives clients the opportunity to invest in multiple raw materials simultaneously and cost efficiently, with just one transaction. It can also reduce the volatility risk of the individual commodities. Please remember, spread bets and CFDs are complex products and come with a risk of losing money rapidly due to leverage.
Simon Campbell, Group Head of Trading, says: “Gold and oil in particular have moved more and more into traders’ focus
PenderFund Capital Management (Pender) is to acquire the investment fund management contracts for five investment funds managed by Vertex One – the Vertex Value Fund, Vertex Enhanced Income Fund and Vertex Growth Fund, which are offered publicly pursuant to a simplified prospectus, and the Vertex Fund and Vertex Managed Value Portfolio, which are offered privately to prospectus exemptions.
Upon completion, and subject to receipt of all regulatory and unitholder approvals, Pender will become the investment fund manager and portfolio manager of the Vertex Funds. The Transaction is expected to close in the fourth quarter of 2019, subject to customary closing
Hedge funds were unable to build on the previous month’s inflows in June with the industry moving back into net redemption territory with USD12.2 billion in outflows for the month.
June redemptions, which represented 0.4 per cent of industry assets, were a reversal from May’s USD800 million in hedge fund industry inflows, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
The ongoing US-China trade war which began to manifest itself in signs of slowing industrial and consumer demand in the US and China, falling oil prices and an equity market plunge this spring
Investors withdrew another USD8.42 billion from the global hedge fund industry in July, according to the July 2019 eVestment Hedge Fund Asset Flows Report. But strong performance in the industry continues to boost overall industry assets under management (AUM), which stood at USD3.303 trillion last month.
Hedge funds have generally been in the green this year, with overall industry performance standing at +7.37 per cent year-to-date, according to eVestment hedge fund performance data. But many investors still may be stinging from the overall industry performance of -5.08 per cent in 2018, causing the industry to suffer from asset outflows based
PrimeXBT, a Bitcoin-based margin trading platform offering up to 500x leverage across forex, stock indices, commodities, and cryptocurrencies, has launched a new lower fee structure that includes a reduction in overnight financing fees on all crypto trading pairs, as well as a 10x reduction in trading fees across all forex pairs.
“We are delighted to offer new reduced fees to PrimeXBT platform users. We believe that traders should focus on trading opportunities rather than on costs. Oftentimes, amazing profit opportunities are being missed only due to unreasonably high fees. And we don’t want that – we are here to provide
The Eurekahedge Hedge Fund Index was up 0.62 per cent in July, bringing its year-to-date return to 6.48 per cent. Roughly 30.8 per cent of hedge fund managers in the index have recorded double-digit gains over the first seven months of the year.
The global hedge fund industry AUM remained mostly flat as of July 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 American Hedge Fund Index
Ultimus Fund Solutions (Ultimus), an independent provider of fund administration, accounting and investor solutions to traditional and alternative fund managers, is to acquire LeverPoint Management (LeverPoint).
LeverPoint, headquartered in Clifton Park, NY, is an independent provider of full-service fund administration, accounting, tax and back office support services to private equity, venture capital and real estate managers. Going forward, Ultimus’ private fund business will operate as Ultimus LeverPoint Private Fund Solutions and will provide administration for approximately USD90 billion of private fund assets across 230 clients. In total, Ultimus will service over USD220 billion of assets under administration and over 1,250 total traditional
