Funds
RedBird Capital Partners (RedBird) and Reverence Capital Partners are to acquire Vida Capital (Vida), an alternative asset management platform specialising in non-correlated investment strategies.
Vida’s President and CEO, Jeff Serra, along with members of the management team, will invest alongside RedBird and Reverence in the transaction. The proposed transaction, which is expected to close by the fourth quarter of 2019, is subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction were not disclosed.
Vida is positioned to benefit from sustainable life settlements market growth and further institutionalisation of the sector, as well as strong demand
MJ Hudson, an asset management consultancy, has acquired Spring Associates Responsible Investment Service, an ESG (environmental, social and governance) consultancy and reporting business, based in Amsterdam.
This acquisition follows MJ Hudson’s establishment, in January, of a legal practice in Milan, and the acquisition of North American and European data & analytics and benchmarking specialist, Amaces, in December.
The deal is MJ Hudson’s first acquisition in the ESG sector, although it has been advising its clients on ESG factors for a number of years and recently produced a widely read guide on implementing ESG policies in private equity. The ‘MJ Hudson
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.62 per cent in June, barely outperforming the 1.61 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.
“Risk assets traded in a mixed manner during the second quarter as the market processed ongoing international trade relations, economic growth and th e Federal
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2019 measured 1.67 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.28 per cent in July.
“Given that the month of July typically produces net outflows, SS&C GlobeOp’s Capital Movement Index of -1.28 per cent for July 2019 should be viewed as a favourable result. For example, on a year-over-year basis, the -1.28 per cent reported for July 2019 is markedly better than the -1.92 per cent reported for the same period a year ago for July 2018, and in fact, represents
The European Energy Exchange (EEX) has published the revised 2019 calendar as well as the new 2020 calendar for the auctioning of EU emission allowances (EUA) in coordination with the European Commission, the EU Member States and the EEA EFTA states auctioning on the common auction platform (CAP2) as well as with the German and Polish competent authorities.
The 2019 auction calendar has been adjusted for the period from September to December 2019 in accordance with the Auctioning Regulation due to the operation of the Market Stability Reserve (MSR) taking into account the publication of the 2018 total number of
The Abbey Capital Futures Strategy Fund (ABYIX), a multi-manager managed futures fund providing bi-directional exposure to equity indices, commodities, bonds, interest rates and foreign exchange through segregated managed accounts, has secured a 4-Star Overall Morningstar Rating among 96 rated Managed Futures Funds for the period ending 30 June 2019.
The fund was previously awarded a Morningstar Bronze Analyst Rating in August 2016.
ABYIX has an annualised return of 3.73 per cent over the five-year period ending 30 June 2019.
“We are delighted to reach this significant milestone and receive a Morningstar 4-Star Rating,” says Abbey Capital CIO & CEO Tony
INTL FCStone has executed a sale and purchase agreement to acquire outsourced trading firm Fillmore Advisors.
This news follows-on from the announcement that INTL launched a Prime Brokerage division in April of this year – with Fillmore Advisors now becoming an extension of that offering. This transaction, which is subject to regulatory approval, is effective on closing.
Fillmore Advisors is an independent firm and a leading provider of outsourced trading solutions and operational consulting to institutional asset managers. The firm, headquartered in Park City, Utah, is composed of traders with deep global expertise encompassing both buy-side and sell-side experience. Institutional
Cryptocurrency hedge fund fund Protos is now available for trading to verified non-US investors and accredited US investors on the Openfinance Alternative Trading System (ATS), a US regulated platform for the secondary market trading of digital alternative assets.
The Protos fund (PRTS) allows investors to participate in an evergreen fund by deploying capital across a broad range of digital tokens, cryptocurrency and other cryptocurrency investments.
“By offering the first tokenised hedge fund to our investors, our platform is providing even more variety and opportunities for diversification,” says Juan Hernandez, founder & CEO of Openfinance. “We’re excited to be working with
Hedge funds posted strong, broad-based gains in June, with multiple and varied drivers of performance leading advances across a wide range of strategies. The HFRI Fund Weighted Composite Index gained +2.6 per cent for the month, the strongest month since January, increasing the Index Value to 14,408, a record level.
The June gain recovers the decline from the prior month and brings 2019 performance to +7.6 per cent.
The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, returned +1.9 per cent for June. Liquid Alternatives also advanced in June, as the HFRI-I Liquid Alternative
After dipping into the red in May, the global hedge fund industry returned to positive territory in June with an aggregate industry performance of +2.42 per cent, according to the latest eVestment hedge fund performance data covering the month of June.
This brings year-to-date (YTD) average gains to +7.16 per cent, building on the positive performance the industry experienced from January to April of this year.
All major strategies and primary markets were positive in June. Among primary strategies, Event Driven – Activist funds had the strongest performance in June, returning an average of +3.97 per cent. These funds’
