Funds
Pinnacle Asset Management, a commodities and natural resources investment organisation, has acquired the North American natural gas wholesale trading business from Sierentz Global Merchants.
Ben Sutton, who most recently served as Head of North American Gas and Power at Noble Americas Corp, will serve as CEO of the new business, which will be known as Six One Commodities.
Financial terms of the transaction have not been disclosed.
Jason M Kellman, Managing Partner and Chief Investment Officer of Pinnacle, says: “The natural gas and power markets are entering a period of significant market dislocation and volatility. The addition of a fully-operational natural gas and power wholesale trading business enables Pinnacle to hit the ground running as we continue to build out our diversified, global, physical commodity merchant platform. Moreover, we are excited to partner with Ben Sutton and his
NUMERI Capital Management has launched a new alternative investment program – NUMERI Intraday I – which aims to provide institutional and retail investors with superior risk-adjusted returns, regardless of the direction of traditional markets.
Using proprietary intraday forecasting techniques developed and refined by the principals in live trading of their own accounts over the past decade, the program systematically exploits temporary mis-pricings in the equity and fixed income markets each day. As with any investment, there is a risk of loss trading the program.
Scott Andrews, co-founder and President of the firm, says: “The limitations of traditional portfolio diversification
UCITS and AIFs recorded net sales of EUR28 billion in Q2 2018, a significant decrease on the EUR222 billion of sales seen in Q1, according to the latest European Fund and Asset Management Association (EFAMA) Quarterly Statistical Release for the European investment funds industry.
Multi-asset funds and other funds registered net inflows of EUR25 billion and EUR30 billion, respectively. Equity, bond and money market funds, meanwhile recorded net outflows of EUR0.3 billion, EUR7 billion and EUR19 billion, respectively.
UCITS registered net sales of EUR15 billion in Q2 2018, compared to EUR171 billion in Q1, with long-term UCITS (UCITS excluding money market funds)
Strata Fund Solutions (Strata), a fund service administrator for venture capital, private equity and other alternative asset managers and allocators, has closed a significant growth equity investment from FTV Capital.
Strata will continue investing in technology, product and client-centric service enhancements to deliver highly customised client solutions. Jared Broadbent, Darren Benson and Nathan Rees, Strata’s co-founders and managing partners, will continue their leadership of Strata and remain significant shareholders in the company. As part of the transaction, FTV Capital managing partner Brad Bernstein and partner Kyle Griswold will join the founders on the company’s board of directors. StepStone Group, a
Alternative investment fund (AIF) manager Olymp Capital has launched what it says is the first European investment fund to cover the entire blockchain and crypto asset ecosystem.
The fund will include blockchain-related private equity, initial coin offering (ICO) activity, and fund-of-fund activity centred on crypto hedge funds. The fund accepts investment both in fiat and cryptocurrencies (eg bitcoin, ether).
The Olymp Capital leadership team is led by experts in both traditional finance and in the blockchain ecosystem who have drawn on the best features of traditional venture capital, updated for the world of crypto investment. They include serial technology entrepreneur Christophe
Alternative asset manager Tages Capital (Tages) has launched the Tages Paladin Fund,which it says incorporates an ‘innovative tail risk hedging strategy’.
Tages says the fund is designed to provide investors with protection from a broad range of adverse market conditions globally without the typical burden of negative carry associated with such strategies in upward trending markets.
The Dublin domiciled UCITS fund launched with nearly USD20 million of institutional capital on 31 July 2018. Unlike most tail risk funds, Paladin is not based on a put option strategy but is comprised of a combination of systematic long volatility and convexity,
East Capital has launched a UCITS version of its successful China A-Shares strategy, providing investors with easier access to investment opportunities on the Chinese onshore equity markets.
The strategy, which aims to deliver long-term capital appreciation by investing in high-quality companies across China and which incorporates ESG considerations within its investment and stock selection process, will be benchmarked against the MSCI China A Index.
Peter Elam Håkansson, Chairman and CIO of East Capital, says: “East Capital has had an on-the-ground presence in Asia since 2010, giving us a superior level of expertise into investment opportunities in China and its
ACA Compliance Group (ACA) has completed the acquisition of Cordium, a provider of governance, risk, and compliance (GRC) products and services, following the receipt of the necessary regulatory approvals.
ACA now employs nearly 700 people and provides products and services to over 4,000 clients worldwide. The financial terms of the transaction have not been disclosed.
ACA will incorporate Cordium’s compliance, cybersecurity, and technology products and services into its existing offerings, and will now be able to expand its products and services to include tax services, financial and regulatory reporting, Mirabella (Cordium’s regulatory hosting platform), and a post-Brexit EU office
Tradeweb Markets is now able to facilitate allocation of block orders in Chinese yuan (CNY) bonds, allowing offshore investors to invest in the Chinese onshore bond market.
Tradeweb worked closely with CFETS and the Bond Connect Company to facilitate the allocation of block orders. The new functionality for institutional investors follows the recent announcement that the China Central Depository & Clearing Co (CCDC) will support real-time delivery-versus-payment (RDVP), as well as the pending exemption on corporate income tax and value-added tax on foreign institutions’ interest gains from onshore bond investment. The developments are together expected to allow offshore market participants
Investcorp, a provider and manager of alternative investment products, has made a strategic minority investment in Banque Pâris Bertrand Sturdza, an independent, Swiss-regulated private bank based in Geneva and Luxembourg.
The Bank has experienced strong growth since its establishment in Geneva in May 2009, growing its assets under management (AUM) at an average yearly growth rate of 35 per cent to CHF 5.3 billion (USD5.4 billion) as of June 2018. The Bank provides independent investment advice and customised investment solutions to over 400 high-net-worth individuals, family offices and institutional clients mainly from Switzerland and Europe.
The Bank was recognised
