Funds
Middle East alternative asset management firm Gulf Capital has successfully closed a new long-term AED500 million syndicated revolving credit facility from its existing lenders.
The new four-year facility will boost the firm’s liquidity and help it maintain its strong investment pace across the Middle East.
Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are very pleased to be signing this long-term flexible revolver facility which will fully secure our current funding needs. Gulf Capital today is one of the best capitalised investment firms in the region and is evaluating a number of new investment opportunities across
iM Global Partner has acquired a 40 per cent interest in Scharf Investments, an independently owned and employee-controlled US equity value firm with USD3.4 billion in AUM as of end of March 2019.
With this new acquisition in the US, iM Global Partner aims to strengthen its offering with a wider range of high alpha products.
iM Global Partner is a leading investment and development platform focused on acquiring strategic investments in best-in-class traditional and alternative investment firms in the US, Europe and Asia. This new operation brings iM Global Partner’s assets under management to nearly USD10 billion, in
The SS&C GlobeOp Forward Redemption Indicator for April 2019 measured 2.51 per cent, down from 3.49 per cent in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2019 of 2.51 per cent reflects a lower level of redemption notices compared with 2.60 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This year-over-year improvement in redemptions is consistent with other recent data points showing asset retention continuing to run at generally favorable levels. Investor confidence in the alternatives sector has remained high and allocations have remained steady over the volatile past year, which has
Hedge fund flows turned positive in February, as a January stock market rebound, hopeful signs in US-China trade talks and indications of a pause in US interest rate hikes spurred investors to reverse a five-month trend of net redemptions.
The hedge fund industry posted USD12.1 billion in net inflows in February, a significant improvement from January’s USD24.1 billion in redemptions. February’s inflows represented 0.4 per cent of hedge fund assets, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
Data from the nearly 6,000 funds included in the BarclayHedge database showed hedge funds in
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.60 per cent in March, outperforming the -0.17 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is an effort of Wilshire Associates, the global investment manager, index provider and creator of the Wilshire 5000 Total Market Index.
“Following a more accommodative tone from the Federal Reserve, risk assets rallied significantly in the first quarter and, as a result, many of the areas that observed weakness in the prior quarter regained
Puro – the world’s first marketplace to kick-start CO2 removal from the atmosphere – has been launched as an internal startup at clean energy provider Fortum.
Puro is an experiment by a group of 23 companies and is aimed at finding a way to verify, compare and trade CO2 removals. The companies joining the experiment across industry boundaries are Fortum, Tieto, Valio, St1, ÅF Pöyry, Compensate Foundation, Carbofex, Yara Suomi Oy, Lassila & Tikanoja, SOK, Orbix, Nordic Offset, Hedman Partners, South Pole, and SEB.
“To stop global warming, it is not enough to limit emissions; measures are also needed to
The Eurekahedge Hedge Fund Index gained 1.06 per cent in March, bringing its year-to-date return to 4.36 per cent – the strongest Q1 performance of the hedge fund industry since the global financial crisis.
Roughly half of the hedge fund managers tracked by Eurekahedge have recovered the losses they suffered last year.
The global hedge fund industry AUM has grown by USD22.7 billion as of March 2019 year-to-date. Redemption pressure eases as quarter-on-quarter investor flows from the hedge funds industry dropped by 65.9 per cent. Investors redeemed USD32.3 billion in Q1 2019, compared to USD94.7 billion in Q4 2018.
The
Managed futures remained in positive territory in March with a 1.65 per cent return for the month according to the Barclay CTA Index, compiled by BarclayHedge.
March’s CTA fund performance brought managed futures back into the black for the year, with a 1.48 per cent year-to-date return through the end of the month.
All of the sectors tracked by Barclay CTA Indices were positive for March and posted positive year-to-date returns through 31 March as well.
“Broad rallies in three of the four major trading sectors; equities, bonds, and currencies, provided a tide that lifted all ships,” says Sol Waksman,
MFS reached top spot in Scope’s large asset-manager ranking for the first time in the first quarter of 2019, while Lupus Alpha, a first-time entrant, went straight to number one in the small-manager ranking.
MFS Investment Management reached the number one spot for the first time in the large asset-manager category, which ranks managers with 25 or more rated funds. Just a year ago, the US fund manager was in 23rd place. Its leap to the top was driven by an improvement in the proportion of its funds with top ratings from 38 per cent in Q1 2018 to 63
One aspect of change that has started influence the way alternative fund managers think about their strategies is the increased focus on sustainable investing among institutional allocators. ESG considerations are becoming part of the manager selection process, as a way to determine what ESP principals are being applied, how this affects the investment process, and what tools, if any, can be used to benchmark performance.
Piet Klop is Senior Advisor Responsible Investment, PGGM, a leading Dutch pension fund service provider with approximately EUR211 billion in AUM. He believes there are several sides to the ESG debate.
“I like to separate
