Funds
HFR has launched the HFR Bank Systematic Risk Premia Indices, a family of indices including 40 which are ‘efficiently delineated along a nested matrix of established risk premia asset type and strategy’.
Risk premia strategies have experienced a surge in interest from both institutional and retail investors as a result of high liquidity and flexible tactical exposures. The universe of bank risk premia strategies surpassed USD700 billion in notional capital in 2018 and leverages a universe of over 1,200 risk premia products, according to HFR.
The HFR Bank Systematic Risk Premia Indices offer daily performance reporting categorically delineated across a
Resurgens Technology Partners has acquired InvestorForce from MSCI and is to merge it with portfolio company Investment Metrics. The combined investment analytics and reporting solutions business will cater for investment consultants, wealth managers and investment managers.
The transaction is expected to close within the next three months, subject to customary closing conditions. Terms of the deal have not been disclosed.
Resurgens says the merger will enable the combined business to provide investment tools for performance analysis, investment reporting, investment policy statements, peer benchmarking and competitive insights, leveraging the unique and substantial data assets of the combined company. The newly
Amiral Gestion, an independent asset management firm which bases its investment philosophy on value investing, has joined the Group of Boutique Asset Managers, GBAM.
GBAM is an international grouping of small and medium-sized specialist asset management firms who share the objective of strengthening their presence in international markets.
Amiral, which has offices in Paris, Madrid and Singapore and is planning to expand its business in Italy, joins a select group of international boutiques. Joining GBAM enables it to exchange information while cooperating and identifying best practices in international business development.
François Badelon (pictured), founder of Amiral Gestion, says:
Hedge funds returns were overall negative last week, dragged down by CTAs, with early signs of the BoJ moving out of ZIRP also hitting their Japanese bonds and short JPY positions, according to the latest Weekly Brief from Lyxor’s Cross Asset research team.
Some Event Driven funds also suffered from idiosyncratic events, including the NXP deal.
Lyxor writes that while L/S Equity funds consistently added alpha in 2017, their contribution has been more modest and more volatile in 2018. It has also been more heterogeneous across regions. Peaking global growth concerns and an unusual stream of political wildcards overshadowed
OpenInvest, a digital investment advisor for socially responsible investing, has raised USD10.4 million in a Series A funding round led by QED Investors, with additional participation from Andreessen Horowitz (who led OpenInvest’s previous venture round in 2017) SYSTEMIQ, Wireframe Ventures, Yard Ventures and Abstract Ventures.
According to Morningstar’s Sustainable Funds US Landscape report, assets under management in portfolios using various approaches to sustainable investing have grown to an estimated USD23 trillion globally, an increase of more than 600 per cent over the past ten years. OpenInvest’s platform delivers customised investment portfolios aligned with an individual’s or institution’s values. ESG (environmental,
Investment banking and alternative asset management firm JMP Group has closed a USD407.8 million collateralised loan obligation (CLO) transaction issued by two newly formed special purpose vehicles and backed by a diversified portfolio of broadly syndicated leveraged loans.
The notes offered in the transaction are issued by JMP Credit Advisors CLO V Ltd and co-issued in part by JMP Credit Advisors CLO V LLC and are subject to a two-year non-call period.
A wholly owned subsidiary of JMP Group purchased USD2,500,000 of the Senior Subordinated Notes and 100 per cent of the Junior Subordinated Notes, which are not rated.
Active investment management firm Man Group has appointed Jason Mitchell as Co-Head of Responsible Investment. Together with Steven Desmyter, Co-Head of Responsible Investment, Mitchell will oversee responsible investment activities across Man Group.
In his new role, Mitchell (pictured) will work across the firm’s investment engines to ensure that investment processes and policies identify and integrate operational, governance and strategic risks. Reporting to Sandy Rattray, Man Group’s Chief Investment Officer, Mitchell will be responsible for directing the development of impact, thematic and norms-based investment strategies as well as the broader integration of ESG criteria across asset classes and multi-asset solutions.
Sustainable investment management firm Osmosis Investment Management is launching a UCITS fund to provide investors with absolute returns, uncorrelated to equity markets, while delivering a significantly reduced net environmental footprint.
The Osmosis MoRE World Resource Efficiency Fund – Sustainable Market Neutral takes long positions in global listed companies in developed markets that are demonstrably the most efficient in using energy and water inputs while producing the least waste, per unit of revenue generated. It takes short positions in the least efficient stocks – constructing a portfolio targeting both a financial and an environmental return.
The investment team identifies resource
HSBC Global Asset Management has launched a US Treasury Money Market Fund, the HSBC GLF US Treasury Fund, in response to demand from investors for a broader range of cash investment solutions.
The fund is a new sub-fund of HSBC Global Liquidity Funds plc, an Ireland-domiciled fund company with USD40 billion of short-term money market fund strategies. The new fund will meet the new European regulations for Public Debt Money Market Funds as they are introduced, and will continue to operate with a Constant Net Asset Value.
The fund, which has been assigned a AAAm and AAA-mf rating from
Blockchain for private equity firm Swarm has partnered with decentralised autonomous organisation MakerDAO to integrate the Dai token into the Swarm platform.
Swarm writes that this will give Swarm’s community of accredited investors a greater capability to lock in crypto prices, using the world’s first decentralised stablecoin on the Ethereum blockchain.
“When we connected with the MakerDAO team, we found them to be like-minded, community-focused technologists. Our cooperative relationship will provide new ways for our investors to create and protect their value,” says Philipp Pieper (pictured), CEO and Co-Founder of Swarm. “It removes what has been perceived as
