Funds
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
European fund distribution specialist MFEX has closed its previously announced acquisition of the Luxembourg based RBC Investor & Treasury Services (RBC I&TS) Global Fund Platform (GFP), having secured the necessary regulatory approvals for the deal.
In turn MFEX has gone live with the delivery of fund distribution services to RBC I&TS under a long-term partnership.
MFEX’s position as a leading expert for international fund distribution has been reinforced in both Europe and Asia through the opening of offices in Luxembourg, Malaysia and London, expanding its offering for both distributors and investment managers with 194 BEUR in assets, 305 distributors,
In the three months to 31 March 2019, FUM at Man Group increased 4 per cent to USD112.3 billion driven by positive investment movement of USD4.5 billion partially offset by net outflows of USD0.7 billion comprising sales of USD7.9 billion and redemptions of USD8.6 billion.
Absolute return FUM meanwhile decreased by USD0.2 billion in the quarter. There were net outflows of USD0.7 billion, driven by redemptions from Man GLG’s long short strategies. This was partially offset by net inflows into AHL Institutional Solutions. Positive investment movement of USD0.5 billion was primarily driven from positive performance at Man AHL (Evolution +5.9
Monument Group, a global placement agent for private funds, is marking its 25th Anniversary.
Since 1994, Monument Group has focused solely on raising capital for private investment funds pursuing a broad range of strategies including buyouts, credit, distressed securities, energy, growth capital, infrastructure, natural resources, real estate, secondaries, special situations and venture capital. To date, Monument Group has assisted its clients in raising over USD100 billion in 91 funds, with limited partner commitments from 46 countries on five continents.
“In marking this milestone, we want to thank the very many General Partners with whom we have worked and who
MFS Investment Management has launched MFS Meridian® Funds – Global Intrinsic Value Fund, which is co-managed by Portfolio Managers Benjamin Stone and Pablo de la Mata.
The highly experienced pair has a long track record of managing global and European equity portfolios, including MFS Meridian Funds – European Value Fund.
Intrinsic value investing, from the perspective of the portfolio management team, is about understanding the full context of how a company’s cash flows are generated and using that understanding to develop a durable, reliable and stable notion of a company’s value. This new fund seeks out companies believed to
Nomura Asset Management has marked the tenth anniversary of the Nomura US High Yield Bond Fund, which has returned 201.3 per cent since launch, outperforming its benchmark, the BofAML US High Yield Constrained Index, by 11.8 per cent.
Managed by Steve Kotsen at Nomura Corporate Research and Asset Management (NCRAM), the fund has generated outperformance using a total return strategy driven by strong credit research and a cohesive team effort.
Peter Ball, Managing Director at Nomura Asset Management UK, says: “We launched our Ireland domiciled US High Yield Bond Fund in March 2009 in response to demand from our
Carmignac has launched the Carmignac Portfolio Unconstrained Credit, a global fixed income UCITS fund that invests in credit strategies across the globe.
Its flexible and opportunistic style enables the Fund to implement an unconstrained and conviction-driven allocation. The fund aims to outperform its reference indicator over a minimum recommended investment period of two years.
Carmignac Portfolio Unconstrained Credit is co-managed by Pierre Verlé, Head of Credit, and Alexandre Deneuville, fixed income fund manager. Pierre and Alexandre will draw on the wider fixed income team composed of 12 people, including fund managers and analysts. The fund will invest across the
UK investors have moved a net GBP62 billion of their fund investments outside the UK since the Brexit referendum in June 2016, according to the latest Fund Flow Index (FFI) from global funds transaction network Calastone.
In March 2019 alone, as the UK Parliament teetered on the brink of a no-deal Brexit, they placed a net GBP2.7 billion in EU-based funds, almost three times the amount that flowed into UK regulated funds.
Almost all of this GBP62 billion in capital is now invested in funds based inside the European Union. Dublin has been the biggest winner taking two thirds
iCapital Network, a financial technology platform aiming to improving access and efficiency in the alternative investment marketplace, is to enter into an exclusive relationship with The Nasdaq Private Market (NPM) to create an integrated secondary marketplace for iCapital sponsored funds through the NPM platform.
The agreement will offer liquidity solutions to advisors and their high-net-worth clients who have private equity investments in their portfolios.
NPM’s qualified matching service will give investors who have holdings in iCapital sponsored funds – on the iCapital flagship platform or on third party platforms powered by iCapital technology – the option to put private
The Eurekahedge Hedge Fund Index gained 1.00 per cent in March, supported by strength in global equity and bond markets as central banks shy away from tight monetary policies.
Optimism over the progress of the US-China trade talk supported both countries’ equities over the first quarter of the year. The Eurekahedge Greater China Hedge Fund Index was up 11.46 per cent year-to-date as the country’s onshore equity markets recovered from the devastating losses in 2018. China A-shares also benefited from MSCI’s announcement to increase their weight in the emerging market indices this year.
Hedge fund managers focusing on Japan and
