Funds
Lazard Asset Management (LAM) has launched the Lazard International Compounders Portfolio (Institutional: ICMPX; Open: OCMPX), which is managed by the Lazard International Compounders team, led by Louis Florentin-Lee and Barnaby Wilson.
The fund invests primarily in companies listed outside of the United States, including those whose principal business activities are located in emerging market countries. The portfolio management team seeks to realise the fund’s investment objective primarily by investing in companies that the team considers to be “Compounders,” meaning high quality businesses that it believes can generate, and sustain, high levels of financial productivity (ie, return on equity, return on
North American funds barely avoided dipping back into the red year-to-date in November, as the losses they suffered in October and November wiped most of the gains they made in 2018.
The Eurekahedge North American Hedge Fund Index ended November flat, as fund managers struggled to profit off the equity market recovery.
Long short equities hedge fund managers bore the brunt of the equity market movement in October, which left them down 3.64 per cent during the month.
The equity market selloff left around 80 per cent of the equity fund managers posting losses in October, and resulted in US$29.1
The State Street Global Investor Confidence Index decreased to 79.8 in December, down 2.8 points from November’s revised reading of 82.6.
Confidence among North American investors waned, with the North American ICI decreasing from 79.2 to 74.1. The European ICI had an up-tick of 2.1 points to 94.0 while the Asia ICI increased by 8.7 points to 110.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns
iCapital Network has partnered with Rockefeller Capital Management (Rockefeller), an independent financial services firm offering global family office, asset management, and strategic advisory to ultra-net-worth families as well as institutional clients, to increase alternative investment options for the company’s investors.
As a part of the agreement, iCapital developed a customised technology platform for Rockefeller that provides access to private equity, hedge funds, real estate and private credit strategies in a seamless end-to-end process that includes subscriptions, administration, document management and reporting.
iCapital’s modular technology and service platform is purpose-built to provide a solution that is fully configurable, highly scalable, and
Euronext, the leading pan-European exchange, has approached the Board of Directors of Oslo Børs VPS Holding ASA to seek its support for a EUR625 million cash tender offer for all the outstanding shares of the Norwegian Stock Exchange and national CSD operator, headquartered in Oslo.
If its offer is accepted, Euronext, a pan-European group managing the national stock exchanges of five European countries, would be fully committed to support the development of Oslo Børs VPS and of the broader Norwegian financial ecosystem. Euronext strongly believes that Oslo Børs VPS` unique strategic and competitive positioning, including a global leading position in
November marked the global hedge fund industry’s third consecutive month of outflows, with investors pulling an additional USD6.68 billion from funds around the world, according to the November 2018 eVestment Hedge Fund Asset Flows Report.
Year to date (YTD) hedge fund outflows stand at -USD14.77 billion. Through November 59 per cent of hedge fund managers reported outflows for the year in what has been a tough 11 months for hedge fund performance.
Equity funds were a bright spot in the industry for November. Among hedge fund types, Equity funds pulled in an additional +USD3.45 billion in November and among
The alternative UCITS environment remains a compelling option for institutional investors but there are signs that the strong annual AUM growth seen over the last five or six years has slowed in 2018. Investors have decided to exercise caution in 2018, holding back on allocations while they wait to see how the markets will fare. Combine this with poor performance, leading to natural compression of AUM, and the alternative UCITS sector has failed to ignite this year.
Kepler Partners publishes a quarterly review on the alternative UCITS market. In last year’s Q4 quarterly report, Kepler Partners placed total industry AUM
Hedge fund redemptions slowed in October after spiking to a five-year high the month before, according to the Barclay Fund Flow Indicator, published by BarclayHedge.
Data from more than 5,000 hedge funds in the BarclayHedge database revealed that the hedge fund industry (excluding CTAs) redeemed an estimated USD20.7 billion (-0.7 per cent of assets) in October, a month after outflows surged to a five-year high of USD39.1 billion (-1.3 per cent of assets).
Industry assets sank to an eight-month low of USD2.97 trillion. Hedge fund investors’ scepticism waned in October even as the market climate darkened around the globe,
EEX Group is looking to further expand its services in Asia with the aim of providing a cleared derivatives offering for the Japanese electricity wholesale market.
The Ministry of Economy, Trade and Industry (METI) in Japan has been leading a multi-year effort regarding market deregulation and development. To determine how to best serve the market, EEX Group will be seeking to engage with market participants and other stakeholders on the best way forward.
EEX Group has a proven track record in power trading, recording the largest power trading volume worldwide in 2017. Additionally in 2018, the Group has
Stockholm-based systematic asset manager IPM has completed an extensive re-branding project aimed at clearly defining and representing the company’s brand values.
IPM, which has USD8.7 billion in assets under management from institutional clients throughout Europe, North America, and Asia, conducted in-depth research with clients, staff, independent actuarial consultants and partnering suppliers participating in the first stage of the project. The findings from qualitative interviews were analysed and compared to see how messaging aligned between client, staff, and business values.
The resulting expressions of the corporate values encompass client and business values backed by the collegiate belief and unified energies
