Funds
These are propitious times for European infrastructure managers. The European Commission has estimated that around EUR200 billion is needed to upgrade Europe’s infrastructure during the current decade for transmission grids and gas pipelines.
“Clearly the opportunity set in infrastructure is vast and continuing,” comments Martin Lennon, Co Founder and Head of Infracapital, one of Europe’s leading infrastructure investors. Part of M&G Prudential, Lennon co-founded Infracapital with Ed Clarke in 2001, since when it has subsequently raised and managed more than GBP5 billion across five funds.
“Existing infrastructure in Europe needs to be kept relevant in today’s world. There are
Traditional European infrastructure is going through a period of transition. Digital communication technology and a push towards sustainable energy production is leading to a move away from a centralised, regulated and vertical model to more of a distributed, connected model that scales laterally.
This is giving rise to a slew of new investment opportunities in key areas such as transport and e-mobility, sustainable energy and digital communication as EU countries seek out ways to upgrade ageing infrastructure to respond to 21st century living.
One of the key components to making this happen is having the right investment partners to bridge the
European infrastructure is an exciting space today for investors. Mega trends, such as digitalisation, decarbonisation, and changing city demographics (in terms of transportation and mobility) are pushing countries to re-think their infrastructure systems and re-engineer them to cope with 21st century living.
Within the energy space alone, this means reducing reliance on coal fired power stations, decommissioning nuclear power stations, and a continued commitment to investing in renewable energy sources. According to the International Energy Agency’s World Energy Outlook 2017, the proportion of total global electricity generated by renewables will increase from 24 per cent in 2016 to 40 per cent
Jupiter has launched Jupiter Merlin Real Return, a UK domiciled unit trust managed by Jupiter’s Independent Funds team.
The fund, a UK-domiciled NURS version of the Jupiter Merlin Real Return Portfolio (SICAV), is an actively managed multi-manager portfolio that aims to deliver a return of 3 per cent net of fees above the Consumer Price Index over three-year rolling periods.
The team will manage the new portfolio with the same philosophy at the heart of the existing Jupiter Merlin range: to invest in the right people, in the right quantity, at the right time. The fund will be heavily
Hedge funds posted mixed performance in June as trade tensions increased around fluid tariff negotiations and proposals, while the US Federal Reserve increased interest rates and M&A activity remained strong.
The HFRI Fund Weighted Composite Index (FWC) declined -0.46 per cent for the month, as gains in Event-Driven strategies were offset by declines in Equity Hedge, Relative Value and Macro strategies, according to data released today by HFR, the established global industry leader in the indexation, analysis and research of the global hedge fund industry. The June decline for the HFRI FWC pares its H1 2018 gain to 0.8 per
Hedge funds continued to navigate current turbulences last week with reduced direct or indirect exposures, according to the latest Weekly Brief from Lyxor’s Cross Asset team.
Lyxor says that the most decorrelating strategies continued to lead amid heightened uncertainties. CTAs benefited from their short US vs long EU bond positions, from their long dollar bets, and from their long energy. Merger Arbitrage did well as a result of tighter deal spreads and moderating deal volatility.
Other strategies were about flat this week.
Lyxor writes: “The risk premium for trade substantially strengthened ahead of the implementation of the first
Sealark has chosen portfolio management technology specialist Truss Edge to support its day to day data and portfolio activities of its new commodities fund.
The new London-based fund has been set up by former Millennium Management trader Andrew Dodson. Truss Edge will be supporting Sealark with full front to back trade processing and data management services.
Truss Edge is the new brand name for EDD Fund Services, a technology company that was originally spun out of a macro hedge fund firm in the US and has been supporting hedge funds and ETFs since 1998.
“We set out to
Tradeweb Markets, a global marketplace for electronic fixed income, derivatives and ETF trading, has reported that Chinese onshore bond trading activity surpassed CNY697 billion (USD107 billion) since the launch of Bond Connect on 3 July 2017.
More than 6,200 fully electronic CNY cash bond transactions have been executed on Tradeweb, the first trading link to Bond Connect, an initiative aimed at driving the electronification and internationalisation of the Chinese bond market.
The addition of Chinese debt instruments in global fixed income indices is expected to create even greater demand for efficient, electronic trading in these markets, when global investors’
After a performance dip in May, June has been a positive month for CTAs, according to June 2018 performance data for Societe Generale’s SG CTA indices.
The SG CTA Index gained 0.55 per cent. Trend followers performed even better and led performance: the Trend Index was up 1.06 per cent with 7 out of the 10 constituent strategies posting positive results. Short Term Strategies had a mixed month, however, ending down -0.42 per cent with 7 out of 10 constituent strategies in negative territory.
The Trend Indicator was up 6.12 per cent in June, with gains from a number
Quant Insight (Qi), a macro analytics firm that applies quantitative techniques to financial markets, has completed its latest funding round, which includes key investments from Alan Howard (Brevan Howard Asset Management) and Jens-Peter Stein (Stone Milliner Asset Management).
Over 80 per cent of capital raised came from Qi’s clients in a successful financing round that exceeded the company’s expectations.
Following increasing global demand for Quant Insight’s AI and machine learning driven macro analytics, the firm has seen a 50 per cent increase in the number of subscribing clients in 2018. As a result, Quant Insight has expanded globally, adding
