Funds
Epoch Partners Limited (Headquartered in the Cayman Islands) has launched what it says is the world’s first retail public offering of a cryptocurrency and digital assets-related fund.
The Securities Registration Statement for the fund was filed on EDINET – the disclosure system of the Japanese Financial Services Agency – on 28 September 2018, with subscriptions being opened on 15 October. According to the Securities Registration Statement, subscriptions are to be capped at JPY100 billion, or about USD900 million.
Epoch Digital Assets will make use of hedge fund management know-how to invest into funds and other investment vehicles with exposure
Independent depositary firm INDOS Financial is now offering a new ESG oversight service, which will be led by Matthew Queree, the company’s newly-appointed Head of ESG Oversight.
INDOS Financial, now has USD28 billion of assets under its oversight, plus a further USD16 billion over which the 32-strong firm performs money laundering reporting officer functions.
CEO Bill Prew (pictured) explains his role as an independent depositary, as one where his firm is free of conflicts with other service providers of a fund and provides valuable oversight over fund operations.
The idea of offering an ESG service has come from INDOS’s
The Growth Stage has launched what it says is the world’s first funding platform for private growth companies to raise investment capital from regulated institutional investors.
The company has signed up investors with over USD4 trillion of assets under management, from pension funds, retail funds and hedge funds through to sovereign wealth funds and family offices.
Headquartered in London, The Growth Stage has been designed exclusively to marry the increasing demand from institutional investors around the world, to invest in high growth, scale-up companies, and for those companies to seek alternative sources of capital.
Directly challenging the traditional
Business information provider IHS Markit has launched new onshore Chinese bond market indices in alliance with ChinaBond Pricing Center Co (CBPC), a subsidiary of China Central Depository and Clearing Co (CCDC), a pricing provider for the world’s third largest fixed income market.
The new iBoxx ChinaBond indices are the first international, independent fixed income benchmarks using CBPC pricing data, the gold standard in Chinese domestic bond valuations. As the administrator of the indices, IHS Markit will apply its globally-recognised methodologies and maintain them in compliance with IOSCO and European Benchmark Regulation (BMR) standards.
“Partnering with CBPC allows us to
Man Group has reported funds under management (FUM) of USD114.1 billion at 30 September 2018, a slight increase on the USD113.7 billion under management at 30 June 2018.
Net inflows in the quarter totalled USD0.4 billion, notwithstanding the previously announced USD2.2 billion infrastructure mandate redemption. The company saw a positive investment movement of USD0.9 billion in the quarter, but negative FX movements of USD0.7 billion over the same period, plus other negative movements of USD0.2 billion.
Markel Corporation (Markel) meanwhile, has entered into a definitive agreement to acquire Nephila Holdings Limited (Nephila), with the sale of Man Group’s 18.5
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.13 per cent in September, outperforming the -0.69 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Despite continued geopolitical risks and trade disputes, equity and credit markets rallied in the third quarter. Economic fundamentals remained solid, particularly in US markets, which
Global hedge fund industry performance dipped negative in September, with overall industry returns at -0.17 per cent last month, according to the latest data from investment data and analytics firm eVestment.
This brings Q3 returns to just barely positive at +0.30 per cent and year to date (YTD) returns to +0.53 per cent. This is a far cry from the industry’s aggregate return of +8.92 per cent for 2017 and, in a generally strong investment market, may re-ignite concerns about the hedge fund industry. Some highlights from the latest data include:
Among primary strategies, Distressed funds were the big
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.23 per cent in October.
“SS&C GlobeOp’s Capital Movement Index for October 2018 of -1.23 per cent reflects net outflows that are consistent with normal seasonality. In fact, the -1.23 per cent reported for October 2018 is almost identical to the -1.21 per cent reported for the same period a year ago for October 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This result indicates stable investor allocations to hedge funds, despite volatile equity markets and increased interest rates.”
The SS&C GlobeOp Hedge Fund Performance
Lyxor Asset Management has teamed up with Dymon Asia to launch the Lyxor/Dymon Asia Macro Fund, a liquid discretionary global macro strategy with an Asian focus.
As Asia becomes increasingly important in the global economic landscape, it offers a wide range of opportunities due to the diversity of its economies, each expanding at a different pace and with different growth drivers. The Fund’s global macro strategy leverages on these asynchronous developments as a source of investment themes by exploring opportunities across the whole spectrum of asset classes (global FX, rates, equities) and seeking to provide diversified sources of return using a
Asian equity specialist, Coupland Cardiff Asset Management (CCAM) is launching a daily dealing Irish fund seeking to capitalise on the rapid growth in domestic demand in India, Bangladesh, Sri Lanka, Pakistan and Myanmar.
The CC Indian Subcontinent Fund is focussed on encapsulating opportunities within the region that are benefiting from a large domestic market rather than those reliant on export trade.
The investment team consists of Abhinav Mehra, based in Singapore and Andrew Draycott, based in the UK and is a high conviction, index agnostic, concentrated long-only equity portfolio of 25 to 40 stocks. It is focussed on high growth
