Funds
RUSAL, a Russian aluminium producer and key supplier in the commodities space, is teaming with Braidy Industries, a US base holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminium products for the US automotive industry.
This is RUSAL’s first investment in the US since Washington lifted sanctions against the it in January. The company, the world’s largest aluminium producer outside of China, had already resumed supply services to the US.
The design capacity of the
Hedge funds continued their winning ways in March with a third straight month of positive returns. March’s hedge fund return was 0.67 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
By comparison, the S&P 500 Total Return Index rose 1.94 per cent in March. Year-to-date through the end of March hedge funds posted a 5.64 per cent return while the S&P was up 13.07 per cent.
“The Fed’s announcement that it would hold interest rates steady for the remainder of the year added fuel to the ongoing uptrends in stock and
Canadian alternative asset manager Ninepoint Partners has acquired the assets of LOGiQ Global Partners, a global institutional advisory business, from Flow Capital Corp.
The LOGiQ Global Partners team has a long history of helping institutional investors achieve greater portfolio diversification by providing strategic access to differentiated global asset managers.
With this acquisition, Ninepoint Partners adds seasoned sales and client service professionals, CAD3.5 billion of institutional contracts and almost 20 years of longstanding relationships with Canadian Institutional investors. The combined platforms will further enhance Ninepoint’s ability to bring innovative alternative solutions to Canadian retail and institutional clients.
“This is a great
Exotix Capital, a London headquartered developing markets financial institution, has rebranded to become Tellimer Group (Tellimer).
Over 1400 firms are already connected to Tellimer’s proprietary platform which combines innovative technology with in-depth experience across 170 developing markets to deliver and connect world-class insights, advice, trading and analytics to market participants, investors, banks, insight providers, companies and sovereigns.
Duncan Wales, CEO of Tellimer Group, says: “I am pleased to announce the launch of Tellimer Group which truly reflects our vision of creating new and better services for clients by combining expertise with innovative technology. We are leveraging the 20 years’ specialist
Napoleon Capital has completed a fundraising with BNP Paribas Asset Management’s (BNPP AM) BNP Paribas Capital Partners, the company’s multi-management specialist.
BNP Capital Partners joins a group of investors including École Polytechnique (via the X-Création incubator) and other financial professionals, to accelerate Napoleon Capital’s development.
This new stage of fundraising aims to position Napoleon Capital as a new tech-centric player in algorithmic investment solutions. Its investment consulting offer builds on the latest research using Artificial Intelligence, as well as a proprietary micro-services IT infrastructure.
By partnering with Napoleon Capital, BNPP AM strengthens its expertise in quantitative management. This
Nomura Asset Management UK (NAM UK) has launched its Global Sustainable Equity Fund offering investors exposure to companies aiming to make a positive impact on the environment and society.
The fund, which focuses on the United Nation’s 17 Sustainable Development Goals, will invest in a portfolio of 30-40 global equity stocks in sectors such as healthcare, renewable energy and fintech.
The Ireland-domiciled UCITS fund is managed from London by Lead Portfolio Manager Alex Rowe and Tom Wildgoose, Head of Equity Investment at NAM UK. The fund will aim to outperform the MSCI All Country World Total Return index by
LRI Group (LRI) and Augeo Capital Management (Augeo), subsidiaries of Apex Group (Apex), are combining their respective businesses under one single brand, LRI Group.
This integration will see Augeo, formerly Warburg Invest Luxembourg (Warburg Invest), change its name to LRI Capital Management as part of a strategic move by Apex to unite the two management companies (ManCos) under one common brand.
The move to join these two market leading Luxembourg-based investment services companies signifies the start of a second phase in the strategic acquisition by Apex. Consolidating the Augeo and LRI business under one single brand demonstrates the Group’s
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2019 measured 0.60 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.80 per cent in April.
“SS&C GlobeOp’s Capital Movement Index of -0.80 per cent for April 2019 reflects net outflows, as expected based on normal seasonal patterns,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies.
“These net outflows were the lowest of any month of April since 2014. Moreover, on a year-over-year basis, the -0.80% reported for April 2019 compares favourably to the -1.62per cent reported for the same period
Hedge funds gained an average of +0.87 per cent in March, the third consecutive month of positive returns, following a five-month string of aggregate declines, according to the March eVestment hedge fund performance data.
The Q1 2019 year to date (YTD) average gains of +5.40 per cent is the industry’s best aggregate returns since the start of 2012.
Highlighting the volatility frequently associated with emerging markets, India-focused hedge funds were the big winners in March, returning +10.35 per cent, bringing YTD returns into the positive at +5.08 per cent. This is a stark contrast to the -16.23 per cent
Melanion Capital, Paris, is inviting early-stage hedge fund managers to apply for seed capital and to work in partnership with the Melanion Group.
Successful applicants will be hired by the Group and get a seeding ticket of up to USD10 million in a dedicated fund or managed account for two years and then, with a proper track record, be opened to investment from Melanion’s range of clients.
Melanion’s seeding program derives from its own experience. The firm was the first alternative manager to specialise in investment in dividend futures, but from the outset Melanion was faced with, institutional investors with
