Funds
RWC Partners has today launched the RWC Next Generation Emerging Markets (NGEN) Fund for its established Emerging & Frontier Markets team.
The fund, offered as part of the RWC Funds Luxembourg-domiciled SICAV, will be managed by RWC’s co-head of Emerging & Frontier markets, James Johnstone (pictured). Johnstone is supported by an 18-strong emerging and frontier investment team which currently manages over USD7 billion on behalf of its clients.
The fund is designed to provide investors with unconstrained access to high growth opportunities in the emerging and frontier market universe that are under-represented by current indices and funds and which represent
TD Asset Management (TDAM) has launched two new alternative investment solutions for accredited investors – the TD Greystone Mortgage and Short Bond Pooled Fund Trust and the TD Emerald Private/Public Debt Pooled Fund Trust.
The funds are available exclusively to TD Wealth Private Wealth Management clients and provide access to TD Greystone Asset Management’s (TD Greystone) portfolio investment expertise in alternative assets.
“These funds offer investors the potential benefit of diversification because of their low correlation to the equity market, as well as protection against inflation,” says Bruce Cooper, CEO and CIO, TDAM. “This is the first of several investment products that
By Kevin Smith (pictured), Estera – The introduction of the Guernsey Green Fund (‘GGF’) has given both investors and managers a transparent product through which investments into green initiatives can be made. Most significantly, it effectively creates a ‘kitemark’, assuring investors that specific green criteria have been met and that their investments are having the desired, positive environmental impact.
Unsurprisingly, there are certain factors that a manager or sponsor needs to take into account when establishing a fund that will be designated a GGF. These are the key points as we see them.
Choice in setting up a Guernsey fund
One
By Craig Cordle (pictured), Ogier – It’s no secret that new investment company listings have been relatively sporadic of late – I won’t say this is entirely down to Brexit (see below recent successful initial public offerings which Ogier Guernsey has acted on), but it’s clear to me that Brexit has stalled a number of fundraisings which have gone out to market. Fortunately, the word is that as soon as we have a bit of clarity on the way forward, there may be a race to market.
Taking a longer term view, data from the London Stock Exchange to the end of
By Mark Oliphant, TISE – More international recognitions and a green market segment have further expanded the potential capital pool available to entities listed on The International Stock Exchange (TISE).
A common aim for investment managers is ensuring that their product is available to the widest range of, and can secure the largest possible capital allocation from, potential investors. As a result, they will look at establishing and running their investment vehicle taking into account one of more of a range of factors, including their own preferences, the demands of the underlying investors and regulatory/legal/tax requirements.
Investors, including institutions such as
Dr Andy Sloan, Deputy Chief Executive, Strategy, at Guernsey Finance, explains why Guernsey is a natural home for managers pursuing the trend of splitting fund structures for improved distribution and service…
Fund managers are increasingly looking to split fund structures in a bid for effective global distribution with better service and reduced cost – and Guernsey is the jurisdiction working for them.
In the past few years fund managers using Guernsey have been looking for structures that would enable split distribution. They have been looking for quality and efficiency of service, the opportunity to use new solutions, including distributed ledger
Neuberger Berman has held the final close of NB Private Debt Fund III at USD1.7 billion, surpassing its target of USD1.5 billion.
The Fund, which launched in October 2017, is the successor to NB Private Debt Fund II, which had commitments of USD750 million. The Fund seeks to invest in first lien, unitranche, and second lien loans of US middle-market companies backed by private equity firms.
Including the Fund, Neuberger Berman Private Credit manages approximately USD4.2 billion of committed capital with credit strategies focused on debt origination and opportunistic investing in secondary markets. Neuberger Berman Private Credit focuses on
Switch Datacenter Group has sold its AMS1 data centre and operations to Equinix, in an all-cash transaction for EUR30 million (USD34 million).
Switch Datacenter Group sees the sale as a logical step on its path to strengthening its focus on the colocation wholesale market and customer-specific site development for enterprises and hyperscale customers.
Over the last couple of years, Switch Datacenter Group has evolved from a high-end classical retail colocation provider into a professional designer, developer and operator of high-end (wholesale) data centres. Switch Datacenters has made significant investments in R&D and the development of state-of-the-art data centre infrastructure
Veneziano & Partners, an international regulatory advisory consultancy, has launched World Gondola, an online digital repository containing European rules on fund distribution.
The product comes as a digital database that provides easy to digest information on European rules and regimes governing marketing, sale and distribution of European and non-European investment funds. The product is complemented by learning centres, video tutorials and consultancy assistance.
The European rule book on financial services is evolving at a very fast pace and specifically the Alternative Investment Fund Managers Directive has already changed from casual to complex the European landscape for marketing, sales and
Despite a strong start to the year, which saw Q1 2019 average hedge fund performance hit +5.34 per cent, investors continued to pull money from the sector, redeeming an estimated USD13.69 billion in March, according to the March 2019 eVestment Hedge Fund Asset Flows Report.
Q1 2019 marked the fourth consecutive quarter of net outflows from the industry, but Q1’s strong performance more than offset investor redemptions, leaving overall hedge fund industry assets under management (AUM) at USD3.258 trillion.
Large Macro, Long/Short Equity and Managed Futures funds, which underperformed in 2018, were responsible for most redemptions in March.
eVestment’s report
