Funds
Specialist investment company Liontrust is to acquire Neptune Investment Management Limited, subject to regulatory approval in a deal that will take Liontrust’s AuM to GBP17 billion.
All of the Neptune Investment Team, headed by and including Robin Geffen, will join Liontrust at the firm’s London offices.
On completion of the deal, Geffen will step down as Chief Executive Officer of Neptune and solely concentrate on leading his investment team and managing funds.
Neptune brings excellent long-term performance through its Global, Income, Regional and Emerging Markets funds. The Neptune Income Fund, for example, is the best performing fund in
Hedge fund managers ended June 2019 up 1.75 per cent on an equal-weighted basis, and 1.89 per cent on an asset-weighted basis, reversing May’s losses of 1.19 per cent, according to figures released by Eurekhedge.
Trade optimism and expectations of a Fed rate cut pushed the global equity market higher despite mixed economic data.
Over the month of June, USD6.4 billion of investor outflows were recorded by the global hedge fund industry, despite performance-based gains of USD15.5 billion. Total hedge fund industry AUM stood at USD2,294.3 billion as of June 2019.
Founded in 2016 by industry experts Scott Feagans and Moshe Siegel, NetXpress provides colocation, data centre services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.
“2019 is proving to be an exciting year for our Financial Services business,” says TNS’ Chief Executive Officer, Mike Keegan. “Since acquiring R2G in January, we have expanded our data center reach, deployed a new dark fibre infrastructure and are establishing TNS as a vendor of record for market data offerings. The acquisition of NetXpress
The LuxHedge Global Alternative UCITS Index posted a gain of +0.95 per cent in June, bringing year-to-date results for the average fund up to +2.71 per cent.
Four out of five funds have posted positive results so far this year. Most strategies are performing well according to the according to the latest LuxHedge Alternative UCITS Msrket Overview, with funds in Macro and Merger Arbitrage continuing to lead the pack.
LuxHedge says that Equity Hedge strategies are lagging behind the general market, mainly due to Equity Market Neutral funds which continue to struggle in 2019. The LuxHedge Equity Long/Short UCITS Index
Digital Assets Data, a financial technology and data company focused on the burgeoning cryptoasset industry, has closed its first equity funding round, led by North Island, the investment firm of prominent technology investor and Silver Lake co-founder Glenn Hutchins, along with his son, James Hutchins.
After launching the Digital Assets Data platform with a USD6 million raise in its seed round earlier this year, this new injection of capital is an extension to the seed foundation and brings the total funds raised by the company to USD9.2 million.
The Digital Assets Data platform provides asset managers and other market participants
Truvalue Labs, a specialist in AI-driven environmental, social and governance (ESG) data, has launched a raft of enhancements to its ESG data platform, including the integration of the final codified Sustainability Accounting Standards Board (SASB) framework, expanded company coverage to more than 16,000 public and private companies globally, the addition of six new languages and expanded fixed income coverage.
The company also announced the release of its new artificial intelligence engine, Truvalue AI, which enables rapid implementation of any investment framework whether ESG-specific such as SASB or proprietary client-defined categories.
Truvalue AI was built using a highly scalable multi-pipeline architecture
Fewer than half of hedge fund managers are currently applying environmental, social and governance (ESG) factors in making equity investment decisions. But, for those that do, the impact on their portfolios is considerable and growing, according to the Backstop-BarclayHedge Fund Manager Survey.
The survey found that more than four in 10 – 41.4 per cent – of respondents consider ESG factors in selecting equity securities. Of those considering ESG factors, on average 52 per cent of assets are currently allocated based on ESG ratings.
While 42 per cent of assets were allocated last year based on ESG factors, that percentage
Apex has launched a new ESG data and rating service, Apex GreenLight ESG Ratings (GreenLight), and appointing a Global Head of ESG Product to drive development.
GreenLight will deliver an in-house developed ESG rating evaluating privately held companies globally, unlocking unique market intelligence and delivering access to a previously opaque asset class.
GreenLight will also deliver consulting services to support the integration of ESG across clients’ due diligence, value creation and reporting processes.
The new product line will be offered alongside Apex’s ESG reporting solutions for listed assets launched in October 2018, delivering an enhanced set of solutions to ease
By Beatrice Bedeschi – A recent decision by the Chinese government to open up the oil and gas upstream sector to direct foreign investments is likely to rekindle interest by international energy companies. However, impact in the short term might be limited as the market awaits further policy changes providing more clarity on how the new rules will work in practice, according to Industry experts and analysts.
China’s state planning agency, the National Development and Reform Commission (NDRC) announced at the end of June it had slashed the so-called ‘negative’ list, which details sectors where foreign investment is restricted, opening
The SS&C GlobeOp Forward Redemption Indicator for July 2019 measured 2.69 per cent, down from 3.81 per cent in June.
“SS&C GlobeOp’s Forward Redemption Indicator for July 2019 was 2.69 per cent, closely in line with historical averages, though up slightly on a year-over-year basis compared to the very favourable 2.40 per cent reported a year ago,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, this result should be seen as a continuation of the favourable levels of hedge fund redemptions.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors
