Funds
Palmer Square Capital Management, an asset management firm that provides portfolios of corporate credit, structured credit and alternative credit strategies to a wide range of institutional and high net worth investors, has surpassed the USD5.0 billion assets under management mark ending the first quarter of 2018 at approximately USD5.5 billion.
Christopher D Long, President of Palmer Square, says: “We are incredibly proud of this accomplishment as we believe we have achieved this growth not only due to our continued strong risk-adjusted investment performance, but also the increased investor recognition of the depth of the Palmer Square team, investment process and
Recent unstable market conditions have proved supportive for hedge funds, in relative terms, with liquid hedge fund benchmarks were down 1 per cent in March, and Distressed and Special Situations strategies underperforming.
That’s according to the latest Weekly Brief from Lyxor’s Cross Asset Research team which also says that on a positive note, low beta strategies did well and CTAs managed to limit losses, in particular during the rise in risk aversion over the last two weeks. Short USD and long commodity positions proved rewarding for them as the US dollar depreciated and commodities jumped in the context of looming
Agecroft’s Don Steinbrugge (pictured) writes that rising short term interest rates should help some hedge fund strategy returns.
Steinbrugge writes: “The Federal Reserve increased its target range for the federal funds rate by 25 bps to 1.50-1.75 per cent on Wednesday, March 21. This marks the sixth incremental increase since December 2015 following the dramatic cut in rates during the financial crisis. In addition, the Fed has indicated that it is forecasting two to three more increases in 2018, three increases in 2019 and two more increases in 2020. If the Fed follows through with its projected rate hikes, we
The Bermuda Monetary Authority (BMA) has experienced a recent uptick in reinsurance registrations.
Registrations for the first two months of 2018 include 11 reinsurers – which include three Class E Long-Term (life) commercial reinsurers and one general business Class 4 general business commercial reinsurer – and one intermediary. This compares to five new reinsurers (and no intermediaries) recorded for the same period last year. Class 4 and Class E reinsurers are the largest entities by size on the Bermuda register.
Craig Swan, BMA Managing Director, Supervision (Insurance) says, “This increased reinsurance activity follows on the heels of the third
Heiwa Real Estate Co and Nomura Research Institute (NRI) are partnering to provide a fund hoteling service in the Kabuto-cho, Nihonbashi district in Tokyo providing start-up asset managers and foreign asset managers who want to operate in Japan with business infrastructure as a package which includes office hardware, IT solution and BPO service.
The service will become available in June.
The Tokyo Metropolitan Government is currently promoting the “Global Financial City: Tokyo” vision to win Tokyo’s position as the top global financial city in Asia. As a part of this initiative, Heiwa Real Estate aims to revitalise Kabuto-cho and
CME Group is to acquire NEX Group in a deal valued at USD5.4 billion. CME Group will pay GBP10 per share – a premium of around 3 per cent to the stock’s closing price on 28 March – consisting of 500 pence in cash and 0.0444 CME Group shares.
The proposed transaction has been approved unanimously by the board of directors of both companies and is expected to close, pending approvals by regulators and NEX shareholders, in the second half of 2018.
This deal brings together two trading-industry heavyweights to create a global markets company offering futures, cash and
Alternative investments specialist Aquila Capita has launched a CTA UCITS compliant-fund that will be managed by its Systematic Trading Group. The AC-Adaptive Trends Fund (the ‘Fund’) combines various investment strategies such as momentum and carry with an innovative risk-balancing portfolio construction method allowing it to implement long and short positions.
This combination enables the strategy to benefit from market momentum and volatility whilst profiting in less-trending markets, which differentiates the strategy from most other CTAs.
The Fund aims to generate positive performance in most market conditions by investing in global futures contracts across equities, bonds, commodities and currencies, enabling
Institutional investors now have more than USD2.00 trillion invested in hedge funds, and more than 5,250 institutions – 45 per cent of the total institutional investor universe – actively invest in the asset class, according to Preqin.
A small proportion of these investors, though, account for the greatest allocations, with just three investor types representing more than half of all institutional capital in hedge funds. Public pension funds and private sector pension funds represent 9 per cent and 15 per cent of hedge fund investors respectively, but they account for 22 per cent and 19 per cent of institutional capital
Dallas, Texas-headquartered Esposito Securities is a US-registered broker dealer offering a wide range of services for the ETF industry as well as global equity trading and advanced options strategies.
The firm is known for its ETF seeding program which lay behind the end of February launch of the NYSE Pickens Oil Response ETF, a fund that traded 215,000 shares on its first day. Since going live, the fund has continued to see volume, averaging more than 50,000 shares traded per day. This week saw the launch of another ETF seeded by Esposito, KNG or the CBOE Vest S&P 500 Dividend
Columbia Threadneedle Investments has launched a new, global absolute return credit strategy – the Threadneedle (Lux) Global Investment Grade Credit Opportunities Fund (the Fund).
The Fund will emulate the investment approach taken in the successful Threadneedle Credit Opportunities Fund. The Fund’s managers are Alasdair Ross and Ryan Staszewski. Ross is the Head of Investment Grade Credit EMEA, and one of the team of portfolio managers responsible for the Threadneedle Credit Opportunities Fund. Staszewski is a Senior Investment Grade Portfolio Manager based in London and one of the lead managers of Columbia Threadneedle’s UK and European Strategic bond portfolios.
The
