Funds
Hedge Invest SGR, an independent asset manager, specialised in alternative investments, has broadened its range of UCITS funds with the launch of HI QuantWave, a systematic quantitative fund with daily liquidity.
The fund aims to generating alpha regardless of market conditions, through an innovative proprietary system of Artificial Intelligence (AI), based also on the analysis of Big Data coming from sources such as Twitter.
The strategy – a multi-strategy and multi-asset one – with an annual performance target of 10-15 per cent net of fees and a volatility target of 10-12 per cent, seizes on the potential offered by
Blackstone’s (NYSE:BX) Strategic Capital Holdings Fund has acquired a passive minority stake in PAG, a leading Asia-focused alternative investment firm.
Blackstone’s Strategic Capital Holdings Fund is part of Blackstone Alternative Asset Management (BAAM), and specialises in minority partnerships with leading alternative asset managers.
PAG, based in Hong Kong, is one of the largest independent alternative asset firms in Asia, with more than USD20 billion in capital under management in private equity, absolute return and real estate strategies.
Terms of the deal have not been disclosed.
“We welcome this investment in our business by Blackstone’s Strategic Capital Holdings
The UK manager J8 Capital Management and German investment company Universal-Investment have launched the UI – J8 Global Absolute Return UCITS Fund.
The sub-fund implements J8’s award-winning global absolute return strategy, a scientifically-backed, systematic and rules-based multi strategy approach focused on momentum and carry as well as value trades. The aim of this multi strategy is to generate attractive returns by trading long as well as short positions, regardless of market conditions.
“The focus of our investment strategy lies exclusively on fixed income, currency and commodity markets and consciously leaves out equity markets. The sub-fund is therefore ideal as a
GoldenTree Loan Management (GLM) and its affiliated investment manager GoldenTree Asset Management has closed a EUR405 million collateralised loan obligation (CLO) to be managed by GLM.
The CLO, GoldenTree Loan Management EUR CLO 1 (GLM EUR CLO 1), is the first European CLO to be issued under GoldenTree’s GLM CLO strategy announced at the start of last year whereby GLM raised USD600 million in commitments to invest in and manage CLOs that are intended to be compliant with US and European Risk Retention regulations. The first two US CLOs issued under this strategy announced last year in April and November,
Hong Kong based Asian specialist multi-strategy manager Zentrum Capital Advisors achieved 32 per cent performance last year, sits in the top decile of Prequin’s global multi-strategy league table and has a Sharpe ratio of 1.4.
Kevin Yuen founded Zentrum in 2010, having spent a career at Credit Suisse, BNP Paribas and Merrill Lynch. The fund has around USD70 million under management, drawn from family offices, high net worth individuals and funds of funds. The Zentrum team eat their own cooking with 25 per cent of the fund representing their own assets.
The portfolio leans towards China and Hong Kong but
Blackstone’s Strategic Capital Holdings Fund has acquired a passive, minority equity interest in Kohlberg & Company.
Blackstone’s Strategic Capital Holdings Fund is part of Blackstone Alternative Asset Management (BAAM), the firm’s hedge fund solutions business, and specialises in acquiring stakes in leading alternative asset managers. Terms of the transaction have not been disclosed.
Based in Mt Kisco, New York, Kohlberg is a leading private equity firm specialising in middle market investing. The minority investment from Blackstone will help provide long term capital to support Kohlberg’s investing platforms.
Sam Frieder, Managing Partner of Kohlberg, says: “We are proud to
Hedge fund launches exceeded liquidations in Q4 2017 for the second consecutive quarter, as total hedge fund industry capital began 2018 at a record USD3.21 trillion.
An estimated 190 funds launched in Q4, up from 176 in 3Q and in line with the number of Q416 launches, bringing the full year 2017 total to 735 fund launches, according to the latest HFR Market Microstructure Report.
Fund liquidations declined sharply in 2017 as industry asset growth accelerated, with 784 funds closing in the year, representing a decrease of 25 per cent from the 1,057 liquidations in 2016. Additionally, fund liquidations
HSBC is to make an investment in Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks.
Visible Alpha raised USD38 million in January with participation from new investors Goldman Sachs, Banco Santander, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells Fargo, as well as additional investment from the company’s founding investors, Bank of America, Citi, Jefferies, Morgan Stanley and UBS.
Visible Alpha is using the investment proceeds to continue to drive its explosive growth and leadership position in delivering transparent, efficient and alpha generating investment research solutions to its
Zichain, a Switzerland-based digital asset management company, has secured an USD1.2 million investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products.
The deal was confirmed while the Company was participating at the Goldman Sachs 2018 Disruptive Technology Symposium, held in London on 20-21 March.
As a pioneer of the cryptocurrency index industry, Zichain has enjoyed exponential growth with the Company now taking a leading role in the creation of digital asset management industry.
Zichain is focused on the development of three key products: Blockchain Asset Management Platform (BAMP), a unique
The SS&C GlobeOp Forward Redemption Indicator for March 2018 measured 2.91 per cent, up from 2.71 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator for March 2018 was 2.91 per cent, a year-over-year improvement from the 3.48 per cent reported for the same period a year ago for March of 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result continues the trend of strong hedge fund asset retention, as we have now seen 14 consecutive months of year-over-year improvement in redemption notices.
“Coming in the wake of severe equity and interest rate volatility in late
