Funds
Mercatus, an asset and investment management platform, has partnered with professional services firm, Alvarez & Marsal (A&M) to help customers accelerate digital and data strategies through Mercatus’ Investment Lifecycle Management product.
The new wave of digitalised investors that is emerging has data as a strategic core competence. The companies say that combining Mercatus’ software with A&M services will help accelerate the growth and data-driven intelligence of alternative investment funds globally.
“It’s an exciting time for investors in alternative assets,” says Tim Buchner, COO at Mercatus. “The sheer growth of the space – expected to reach USD80 trillion by 2030 – will
Private equity firm Corsair Capital (Corsair) has made a majority investment in ZEDRA Group (ZEDRA), a specialist in trust, corporate and fund services.
Corsair has a long and successful track record of growing financial services firms across a diverse range of sectors, and its partnership with ZEDRA will support the firm’s continued growth and global expansion.
ZEDRA’s network covers 13 jurisdictions across 15 offices in Asia, Oceania, the Americas and Europe. Its team of nearly 500 industry experts creates and delivers bespoke trust, corporate and fund services solutions to clients, including high-net-worth individuals and their families, international corporations, institutional
ADM Capital, a Hong Kong and London-based private credit investment manager, has held the final close for its Asia Secured Lending Facility II, (ASLF II) with proceeds raised of USD178 million.
ASLF II received USD50 million and USD10 million in commitments, respectively, from the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and Calvert Impact Capital.
IFC, a member of the World Bank Group, alongside another investor, provided initial seed capital in 2016 and the Facility – also known as the Somei Lending Platform – has already made seven investments since its first close in
Monroe Capital (Monroe) has held the final close of its 2018 Monroe Capital Private Credit Fund III at USD1.33 billion of limited partner commitments with over 100 investors in eight countries, eclipsing the target of USD800 million.
When combined with target Fund leverage, the Fund will have more than USD2.5 billion of buying power or capital available for investment.
The fund will invest in private credit transactions originated and underwritten by Monroe. The investment strategy is focused primarily on senior secured loans and unitranche loans to private equity sponsored, independent sponsored, and non-sponsored middle market companies located throughout
Ares Management Corporation has completed its conversion to a corporation under Delaware law and changed its name from Ares Management to Ares Management Corporation.
Since Ares had already elected to be taxed as a corporation for US federal and state income tax purposes effective 1 March 2018, no material tax or financial changes are expected from the state law conversion.
Existing common and preferred shares of Ares Management have been converted into Class A common and Series A Preferred shares of Ares Management Corporation, respectively. Following the conversion, the Class A common shares will have voting rights equivalent to
The ongoing sell-off since the beginning of October has proved difficult to navigate for hedge funds, though there were substantial divergences across strategies, last week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “L/S Equity and Event-Driven strategies underperformed due to their elevated market beta. L/S Equity strategies also suffered due to a rotation in risk factors, which saw growth/momentum stocks underperform value and low beta stocks. Within Event-Driven, Special Situations strategies were particularly hit.”
“On a more positive note, Merger Arbitrage strategies were highly resilient thanks to their low market beta. Global
With an annualised return since 2011 of 12.95 per cent placing it in the top decile of fixed income hedge fund performance tables, LNG Capital’s Europa Credit Fund is beginning to attract the attention of institutional investors alongside its traditional client base of funds of funds, family offices, private banks and high net worth investors. Global Fund Media’s Beverly Chandler talks tactics with managing partner and CIO Louis Gargour…
The LNG Europa Credit Fund is a USD280 million actively managed fixed income fund with a focus on European corporate debt. Gargour (pictured) describes the investment approach as adaptive and designed
FE, the investment data, research and software provider, has joined forces with fundinfo, a provider of services for asset managers and distributors in Europe and Asia, and F2C, the Luxembourg-based business which runs fund data management platform, publiFund.
The combined firm – which follows the completion of specialist technology investor Hg’s investment in FE – will be led by FE chief executive officer Neil Bradford (pictured), with a new executive team comprising FE, fundinfo and F2C staff.
The three firms will fully integrate to create a single business with international reach, market leading products and services, a greater level
SteelEye, a compliance technology and data analytics firm, has completed a GBP2.9 million fundraise extension led by capital markets venture capital firm, Illuminate Financial, bringing the total seed funds raised to GBP5.7 million.
The funding will help drive the expansion of SteelEye’s products and services and its ability to serve a growing client base during a time of rapid regulatory change.
SteelEye’s innovative cloud based solutions helps clients to solve compliance challenges for MiFID II, MAR, EMIR, Dodd Frank and other international regulatory obligations. SteelEye brings together order, trade, market and reference data along with communications (electronic and
Investors removed an estimated USD7.13 billion from the global hedge fund industry in October, pushing year-to-date (YTD) flows firmly negative at -USD10.09 billion.
The October outflows follow an uninspiring year in hedge fund performance, culminating in October performance numbers that saw almost all primary hedge fund markets and strategies in the red for the month, as eVestment reported earlier in November.
Given that, historically, December has been a month where outflows are elevated even in otherwise positive years, it is highly likely that 2018 will end up as a year of net redemptions from the industry. Overall industry AUM
