Funds
EnTrust Global, one of the world’s largest hedge fund investors and a leading alternative asset manager headquartered in New York and London, has surpassed USD1.1 billion in investment capital raised for its Blue Ocean Strategy.
The majority of Blue Ocean’s capital has already been deployed, largely in senior secured loans, as well as junior loans and preferred equity transactions.
Led by maritime financing veteran and Blue Ocean Senior Managing Director & Portfolio Manager Svein Engh, Blue Ocean now employs a dedicated team of six experienced maritime investment professionals.
Gregg S. Hymowitz, Chairman and CEO of EnTrust Global, says: “Achieving this important milestone is
Investcorp, a global provider and manager of alternative investment products, is to acquire Mercury Capital Advisors (Mercury), an institutional capital raising and investment advisory enterprises.
As part of the transaction, Mercury will remain an independent business operating under its current leadership team.
Terms of the transaction, which is expected to close in the third quarter of 2019, have not been disclosed.
Founded in 2009 by Michael Ricciardi, Alan Pardee and Enrique Cuan, Mercury has closed over USD170 billion in fund commitments since 2003, when the Mercury team was at Merrill Lynch, and maintains relationships with over 2,500 institutional investors across
PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has successfully launched its OTC registration service for LNG Futures.
The PEGAS JKM LNG Futures contract is cleared by ECC, the clearing house of EEX Group, and settled against the S&P Platts JKM assessment, today’s most reliable price estimation for the Asian region.
The contract, settled in USD, is offering a delivery period for the next 34 months with a contract size of 10,000 MMBtu/month. By adding LNG to their portfolio, customers will be able to benefit from a range of cross margining advantages at ECC.
The launch
Purpose Investments (Purpose) has launched the Purpose Enhanced Premium Yield Fund providing investors with a new way to access an alternative-income strategy.
Purpose has completed the initial public offering of the fund which is now trading on the Toronto Stock Exchange nder the ticker symbol “PAYF.” The Fund is also available in mutual fund versions.
“We built PAYF for investors familiar with our PYF strategy and in search of greater yield. At its core, PAYF thoughtfully writes put options and is prepared to hold the underlying equity. It allows investors to access the options market without having to develop deep
IHS Markit, a specialist in critical information, analytics and solutions, is to exchange the majority of the IHS Markit Technology, Media and Telecoms (TMT) intelligence business for Informa’s Agribusiness Intelligence group.
“This agreement is very positive for both IHS Markit and Informa, increasing the focus of each company on core markets where it has particular strengths and a long-term commitment to invest and grow,” say Lance Uggla (pictured), and CEO of IHS Markit and Stephen A Carter, Group Chief Executive, Informa PLC.
Uggla says: “The Informa Agribusiness Intelligence portfolio is a clear extension of our Chemical and Downstream businesses and
Investors around the world have had a strong appetite for event driven, Asia and emerging markets hedge funds, moving almost USD14 billion year-to-date (YTD) into these funds while overall investor redemptions from the hedge fund industry continue, according to the just-released eVestment April 2019 Hedge Fund Asset Flows Report.
Event Driven funds pulled in USD2.84 billion in April, bringing YTD flows to USD5.19 billion. Asia- and Emerging Markets-focused funds saw more modest flows of USD1.24 billion and USD920 million in inflows, but YTD both are above USD4 billion in flows.
Overall investor redemptions were low – or essentially flat
The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21 per cent, up from 2.51 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.21 per cent for May 2019 was a strong result, coming in 26 basis points below the 3.47 per cent reported for the same period a year ago in May 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the current reading is the second lowest for any month of May since the indicator’s inception in 2008, showing that hedge fund asset retention continues to trend favourably.”
The SS&C GlobeOp
American Beacon Advisors (American Beacon), a provider of investment advisory services to institutional and retail markets, has launched the American Beacon SSI Alternative Income Fund.
Since its inception in 2012, the fund has primarily used a convertible arbitrage strategy to provide investors with a market-neutral, fixed-income alternative. The fund generates return through four unique sources: income from convertible bonds and convertible preferred stocks; the interest rebate on underlying equity short positions; opportunistically adjusting its equity hedges; and identifying undervalued securities. The fund seeks to have low volatility and almost no beta to equity markets. It also maintains low duration and may serve as
The Vienna Stock Exchange has begun calculating new Short Indices based on the Austrian Traded Index (ATX). The new indices with a leverage of -12 and -15 are based on the ATX Total Return which takes into account the dividend payments of its index members.
The Vienna Stock Exchange calculates more than 140 tradable indices, 103 of which track national, regional or sector developments in the CEE and CIS countries. These indices serve more than 140 financial institutions worldwide as the basis for their products.
Short indices are linked to a benchmark index and track its performance inversely. In
After a strong first quarter of the year, most alternative UCITS funds continued to edge higher in April with the LuxHedge Global Alternative UCITS Index posting a gain of 0.58 per cent bringing year-to-date results for the average fund up to +2.52 per cent.
Four out of five funds have posted positive results so far in 2019. Nearly every strategy index showed a positive performance, with funds in Macro and Merger Arbitrage leading the pack.
Within the Equity Hedge strategy group, Equity Long/Short funds had again a very good month with the LuxHedge Equity Long/Short UCITS Index up 0.78 per
