Funds
Nikko Asset Management Co (Nikko AM) has established a Corporate Sustainability Department, bolstering its Environmental, Social, and Governance (ESG) commitments both in the way in which it manages itself and how it approaches investing.
Overseen by Representative Director and Executive Deputy President Junichi Sayato and led day-to-day from Tokyo by Global Head of Product & Marketing, and Head of Corporate Sustainability, Stefanie Drews, the Department guides the Firm’s internal ESG commitments and implementation and will work closely with investment teams globally to communicate developments in their approach to ESG in investment processes. Specific internal ESG commitments include nurturing diversity and
Outflows from the hedge fund industry slowed substantially in July amid mixed signals on trade and the global economy, according to the Barclay Fund Flow Indicator. Hedge fund industry assets rose to an all-time high of USD3.1 trillion in July.
Data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) gave up USD1.0 billion (-0.03 per cent of assets) in July, slowing nearly nine-fold from redemptions of USD8.9 billion (-0.3 per cent of assets) the month before. The back-to-back outflows underscore uncertainties about trade, corporate earnings and global commodities prices,
Close to 60 per cent of Alternative UCITS funds posted losses in August, pushing broad-based indices lower. The LuxHedge Global Alternative UCITS Index lost -0.41 per cent, bringing 2018 YTD to -1.43 per cent.
Only one quarter of all funds are currently able to post year-to-date positive figures.
Equity Hedge strategies focussing on the US stock market are a notable exception with the LuxHedge Equity Long/Short US Index advancing 1.13 per cent in August (+2.44 per cent YTD). This is not only due to a long market bias, but also Equity Market Neutral US funds are able to create
Hedge funds are up 0.45 per cent for the year, their weakest performance on record since 2011 when they declined 0.40 per cent in the eight months through to August, according to the September 2018 Eurekahedge Report.
Almost 46 per cent of the managers are in the green for the year with roughly 12 per cent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have increased by USD7.4 billion as of August 2018 year-to-date, down from USD147.4 billion over the same period last year as performance driven
Mariana Enevoldsen (pictured), Director at Estera, explains how the recent IPO of music investment fund Hipgnosis demonstrates how Guernsey continues to be popular and trusted by advisers and investors, and highlights the attractiveness of the island for alternative asset classes…
This summer Merck Mercuriadis, a former manager of Sir Elton John, Guns N’ Roses, Iron Maiden and Morrissey, floated his new music investment fund on the London Stock Exchange. Hipgnosis Songs Fund raised GBP202 million to invest in music royalties. Shortly after the IPO, Hipgnosis announced the acquisition of its first catalogue of hits from The-Dream, which includes hit songs
Perpetual Corporate Trust, an independent provider of corporate trustee services to the managed funds industry and debt markets in Australia, has formed a strategic partnership with FundRock Management Company (FundRock).
The collaboration will enable clients of both firms to leverage the expertise and services offered in their respective core markets.
FundRock is an independent European fund management company employing over 100 industry professionals with presence in Ireland, UK, Luxembourg and Singapore. Established in 2004 as part of RBS, FundRock is a full-service host Authorised Corporate Director (ACD), Alternative Investment Fund Manager (AIFM) and ManCo, and now services over 300
Tigress Financial Partners, a women-owned institutional FINRA registered broker-dealer, has formed a strategic partnership with BCS Prime Brokerage Limited (BCS UK), in the UK, part of BCS Global Markets, to jointly market capital markets, investment banking, credit facilities, research, asset management and global wealth management services to institutional and high net worth clients in US and global markets.
As part of the transaction BCS UK invested directly in Tigress Financial Partners in addition to injecting substantial regulatory capital into the broker dealer.
As a women-owned broker dealer, Tigress Financial Partners brings diversity to the BCS Group Companies, along with
Most hedge fund strategies were in negative territory for the first half of September, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Sector rotations in equities, the US dollar reversal, the rise in bond yields and turmoil in emerging markets all contributed to drag performance lower since the end of August.
Yet, as usual, this is only part of the story, writes Lyxor: “From a bottom-up perspective some Global Macro and European L/S Equity strategies have benefitted from the spread tightening in Italy. However, EM strategies continued to struggle.”
“The best returns have recently
Nasdaq has made a USD190 million all cash recommended public offer to acquire Cinnober, a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide.
Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure technology providers.
“The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq,” says Adena Friedman, President and CEO, Nasdaq. “Not only have the global capital markets continued to evolve rapidly, but also new marketplaces in various industries are demanding market technology
TOBAM, a Paris-based research driven quantitative asset manager, is adopting a carbon footprint reduction policy across all its Anti-Benchmark equity strategies and Maximum Diversification indices.
A systematic carbon footprint reduction of at least 20 per cent versus the reference benchmark’s carbon footprint is now applied across TOBAM’s equity portfolios and mandates.
In line with its mission statement of “providing rational and professional solutions to long term investors in the context of efficient markets”, TOBAM has had a longstanding commitment to upholding Environmental, Social, and Governance issues.
This move will further cement the sustainability initiatives taken by TOBAM that
