Funds
Aditya Birla Capital Limited (ABCL) and Värde Partners (Värde), have formed a strategic partnership to pursue investments in stressed and distressed assets in India.
Operating through a joint platform, both parties will evaluate investments across sectors, focusing on the acquisition, restructuring and resolution of the substantial supply of non-performing assets in India as well as special situations financings. Given the current landscape and further prospects in asset reconstruction in India, ABCL and Värde believe there is an attractive pipeline for strong capital deployment opportunities over the next several years.
Ajay Srinivasan, Chief Executive of ABCL, says: “The ARC business
The State Street Global Global Investor Confidence Index decreased to 94.3 in August, down 7.4 points from July’s revised reading of 101.7.
Confidence among North American investors declined, with the North American ICI decreasing from 103.1 to 92.5. Meanwhile, the European ICI rose by 8.1 points to 99.5 and the Asia ICI decreased by 0.9 points to 102.6.
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
Neuberger Berman has launched a UCITS strategy tapping into the key enablers and beneficiaries of the long-term evolution of next generation mobility.
The Neuberger Berman Next Generation Mobility Fund aims to exploit investment opportunities created by the ongoing disruption of the USD4.2 trillion global transportation industry.
Originating from Neuberger Berman’s established global research platform, the Fund’s three managers, Saurin Shah, Yan Taw Boon and Michael Barr will be managing a portfolio of 40-60 handpicked stocks, seeking to gain exposure to companies providing solutions to the proliferation of autonomous, electric and connected vehicles, as well as firms well-positioned to benefit
Pictet Asset Management (Pictet AM) has added a new strategy to its USD42 billion actively managed thematic franchise, the UCITS-compliant Pictet-SmartCity fund, which aims to capture the strong growth potential of companies finding smarter solutions to the challenges posed by rapidly increasing urbanisation.
Pictet-SmartCity is a global thematic equities strategy that aims to exploit the powerful trends driving urbanisation. Its objective is long-term capital growth by investing in companies around the world that are helping to develop the cities of tomorrow.
These companies will be active mainly, but not exclusively, in the following areas: mobility and transportation, infrastructure, real
DDJ Capital Management, an independent manager of high yield and special situation investments on behalf of institutional investors, has marked the three-year anniversary of its DDJ Opportunistic High Yield Fund.
The open-end mutual fund (DDJIX, DDJCX, and DDJRX) received a 5-star overall rating from Morningstar as of 31 July 2018.
For the three-year period that ended 31 July 2018, the Fund outperformed (on both a gross and net basis) the ICE BofA Merrill Lynch US High Yield Non-Financial Index, a broad unmanaged high yield index that excludes financial issuers. In addition, according to Morningstar, the Fund’s Institutional share class
Amber Capital, an established event-driven investment manager in Europe, has been selected by Swiss bank Lombard Odier to manage PrivilEdge – Amber Event Europe (AEE) fund, a sub-fund of Lombard Odier Group’s open architecture UCITS umbrella range of funds.
The AEE fund aims to capture investment opportunities relating to corporate events and special situations by leveraging the experience and expertise of the Amber Capital investment team in a dedicated Europe-focused long/short equity strategy within a UCITS compliant format. Olivier Fortesa, Portfolio Manager of PrivilEdge – Amber Event Europe Fund, has been focussing on event-driven and special situation strategies since he
Global hedge fund flows were positive in July, with investors adding an estimated USD5.85 billion to funds around the world and bringing overall industry AUM to USD3.307 trillion, according to the July eVestment 2018 Hedge Fund Asset Flows Report.
However, looking across all funds reporting to eVestment, signs of consolidation continue: 42 per cent of funds reporting to eVestment logged AUM inflows, while 58 per cent had outflows. This shows an acceleration of a consolidation trend that has been ongoing for some time: the prior 30-month average was 49 per cent of funds with inflows and 51 per cent with
CFA UK’s latest Valuations Index, which measures investors’ perceptions of the value of equities, bonds and gold, indicates a risk-off mentality amongst investors in Q2 2018, with those polled seeing most value in safe haven assets.
According to the Index, investors’ outlook on government bonds has improved compared to the previous quarter. Perceptions of overvaluation decreased 4 per cent, dropping from 80 per cent in Q1 2018 to 76 per cent in Q2 2018.[1] The yield of government bonds, meanwhile, increased slightly over the same period.
On the other hand, the Q2 2018 survey reveals that 4 per cent
The European Energy Exchange (EEX) has recorded the first trade in the new liquid milk future. The exchange transaction covered a volume of 25,000 kilograms traded at the price of EUR 36.50/100 kg for the October 2018 expiry.
The liquid milk future launched by EEX on 15 August 2018 complements the product portfolio on the dairy derivatives market of the exchange. EEX is the first exchange in Europe to offer a liquid milk contract for trading. “The new product is an attractive addition to risk management in the dairy market, as it allows our customers even more precise hedging against price
The SS&C GlobeOp Forward Redemption Indicator for August 2018 measured 2.73 per cent, up from 2.40 per cent in July.
“SS&C GlobeOp’s Forward Redemption Indicator for August 2018 of 2.73 per cent was a very strong result for the hedge fund industry, markedly better than the 3.55 per cent reported for the same period a year ago and the second lowest level of redemption notices for any calendar month of August since the inception of the Indicator in 2008,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The August 2018 reading of 2.73 per cent continues the generally favourable trend
