Funds
Carey Olsen’s investment funds team in Jersey has advised CoinShares Group on the successful first close of CoinShares Fund II.
The new investment vehicle follows the June 2017 launch of CoinShares Fund I, the first fund ever to be denominated in Ethereum. Like its predecessor, the closed-ended fund will invest in a range of opportunities in the blockchain space, among them – newly created digital assets, emerging from Initial Coin Offerings (ICOs).
The fund has been authorised under the Jersey Private Fund Regime, a regime which provides for a streamlined regulatory authorisation process as it is a selective offering
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2018 measured 0.16 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.46 per cent in May.
“SS&C GlobeOp’s Capital Movement Index showed a gain of 0.46 per cent for May 2018, identical to the gain reported for same period a year ago for May 2017. Both May and year-to-date capital movements have been remarkably consistent with last year’s very favourable results,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “We believe this demonstrates investor confidence in
Activist hedge fund strategies brought in among the strongest returns in the hedge fund industry in April, while overall industry returns are being dragged down by some mediocre performances, according to the eVestment April 2018 Hedge Fund Performance Report.
The overall industry returned 0.38 per cent in April, bringing year-to-date (YTD) 2018 returns to a just-barely positive 0.20 per cent. Activist strategies were by far the strongest performers among primary strategies, seeing 2.21 per cent returns in April. However, YTD performance for activist strategies – at +0.27 per cent – is just barely above the overall industry YTD return.
Overall, 60 per
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.05 per cent in April, underperforming the 0.09 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Financial markets were mixed in April as interest rates increased in response to continued positive economic momentum in the US,” says Jason Schwarz (pictured), President
Atalaya Capital Management, an alternative asset manager focused on opportunistic credit and special situations investments, has closed its fourth Asset Income Fund (AIF IV) at its USD900 million hard-cap, exceeding its USD750 million target.
AIF IV’s investors are primarily public and corporate pension plans, foundations, and endowments.
In the first six months of the investment period, AIF IV has already closed on 12 investments and called more than 20 per cent of its capital commitments. Atalaya attributes the relatively high velocity of capital deployment to the Firm’s deep pipeline of existing counterparty relationships and long-standing industry experience, as well
Broadridge Financial Solutions has completed the acquisition of FundAssist Limited, a regulatory, marketing and sales solutions service provider to the global investments industry.
Based in Dublin, Ireland, FundAssist is a natural extension of Broadridge’s governance and communications business and brings a complete suite of capabilities to enable the composition, management and distribution of digitised regulatory and disclosure documents for global fund managers distributing in Europe.
Using an advanced, flexible technology platform, FundAssist’s data-driven, end-to-end solution includes support for Key Information Documents (UCITS KIID & PRIIPs KID), financial disclosure statements, fact sheets, translation and document and data dissemination.
“Broadridge
Hedge funds successfully traded their way around an overwhelming month in April and were up 0.56 per cent, while underlying markets as represented by the MSCI World Index gained 1.18 per cent during the month.
That’s according to the Eurekahedge May Index Flash Update which says that Investors’ risk appetite improved in April amid waning concerns over a trade war, bolstered by the ‘soft’ tone of Xi Jinping in response to US trade sanctions.
Developed markets outperformed their emerging market counterparts during the month, as the latter still remained rather volatile with the region’s equity markets posting a slightly
Apex Token Fund, an investment manager specialising in cryptocurrency and blockchain related assets, has launched its public token sale for its fund of hedge funds.
Apex tokens provide retail investors with access to a diversified portfolio of cryptocurrency assets managed by a selection of top performing hedge funds. The sale runs until 25 May 2018 and aims to raise a soft cap of USD25 million and a hard cap of USD100 million.
Investors can buy tokens in the fund via Apex Token Fund’s website. The minimum investment in the fund is 5 ETH, the cryptocurrency currently worth around USD760.
The European Energy Exchange (EEX) has published the calendar for the auctioning of EU aviation emission allowances (EUAA) for 2018 in coordination with the European Commission and the participating member states as well as with the competent German and Polish authorities.
In its capacity as the common auction platform appointed by 25 Member States, EEX will conduct four auctions of EU aviation allowances (EUAA) in 2018: 23 May, 958,000 EUAAs; 18 July, 958,000 EUAAs; 12 September, 958,000 EUAAs; 21 November, 955,000 EUAAs.
In its capacity as the auction platform appointed by the Federal Republic of Germany, EEX will conduct
Hedge funds snapped a two-month performance decline in April, led by fixed income-based Relative Value Arbitrage and Equity Hedge strategies.
The broad-based HFRI and many sub-indices extended YTD gains over equity market index declines, 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 HFRI Fund Weighted Composite Index advanced +0.38 per cent for the month, bringing YTD performance to +0.39 per cent through April and topping the YTD declines of the S&P 500, DJIA, DAX, FTSE and MSCI World indices.
Driven
