Funds
By JD David, Myler Capital – Football fans are painfully aware that the amount of actual play time in a three-plus hour NFL game is roughly just 11 minutes, according to a (slightly dated) WSJ article. Put another way, it’s two hours and 49 minutes of watching something other than football.
Anyone that has ever attempted to raise a fund likely has experienced something very similar. A lot of preparation, a lot of travel, a lot of follow-up and a whole lot of wasted time.
But what is much less apparent is why fundraising involves so much wasted time.
I’m not talking about the
QuantHouse, an independent provider of end-to-end high-performance market data and trading through API-based technologies, has reported strong double-digit revenue growth since its 2017 buyback from S&P.
Throughout 2017, QuantHouse has launched many strategic initiatives to accelerate growth including: the launch of an algo-trading stress testing solution; a UTC time source service in partnership with NPL; direct API access to Systematic Internalisers such as Sun Trading, Virtu Financial and Jane Street.
The company has also launched the QuantHouse qh API Ecosystem, which is designed to accelerate the adoption of multi-asset class API-based solutions including value added analytics, automated trading tools, AI
Rational Funds, a family of funds rooted in the investment philosophy of applying a rational approach to investing, has launched the Rational/NuWave Enhanced Market Opportunity Fund (NUXIX). The Fund is Rational Funds’ second hedge fund conversion and offers the same strategy as its predecessor.
NUXIX utilises a strategy that has consistently delivered positive returns since its inception in 2013. The Fund’s investment strategy is comprised of two distinct components. The first is an actively managed US equity strategy, investing primarily in S&P 500 large-cap equities. The second is a broadly diversified managed futures strategy, providing both long and short exposure
Hedge funds declined 1.62 per cent in February and were up 0.37 per cent year-to-date with total AUM growth still in the green despite losses in February which eroded the solid gains in January, according to the March 2018 Eurekahedge Report.
Investor redemptions stood at USD5.0 billion in February while performance-based losses of USD34.2 billion were recorded. Almost 35 per cent of the fund managers are in the red for the year in what is turning out to be the toughest start to the year for fund managers since 2016.
While hedge fund capital allocations were in the red
Lyxor Asset Management has teamed up with Portland Hill to launch the Lyxor/Portland Hill Fund, a mid to long term oriented global fundamental equity strategy with a Pan-European focus.
The Fund combines a traditional Long/Short approach with an event-driven strategy and allows corporates to be targeted.
The strategy combines strong underlying fundamentals with a high probability of benefiting from catalyst market events, ranging from ‘soft’ (business model changes, company transformations or industry trends) to ‘hard’ (mergers and acquisitions, spin-offs etc).
The Fund leverages on Portland Hill’s recognised European geographic and sector expertise providing an understanding of upcoming situations,
Vistra, a provider of international incorporations, trust, fiduciary, private office, and fund administration services, has acquired Canyon CTS (Canyon), a boutique capital markets corporate and trust business headquartered in Shannon, Ireland, with offices in Dublin and New York.
The deal sees Vistra’s presence in Ireland grow significantly, following the acquisition of Dublin based Squires Gilbride last month and the acquisition of the Corporate Services business of Deutsche Bank’s Global Transaction Banking division announced in 2017, which operates in eight jurisdictions including Ireland.
Canyon provides corporate and trust services for structured finance deals; corporate restructuring support and services in relation
One year after launch, RAM Active Investments reports that its Long/Short Global Equities strategy has more than USD370 million of assets under management, and has generated an annual return of 4.6 per cent net of fees with volatility of 3.8 per cent.
The RAM Long/Short Global Equities Strategy aims at capturing the inefficiencies present in the whole universe of developed markets, through a selection process based on RAM’s distinctive quantitative method; amalgamating a fundamental and behavioural philosophy. The objective of the Strategy is to deliver a consistent risk-adjusted return, with a diversified portfolio of more than 800 stocks and with no correlation to
Hedge fund returns were mainly beta-driven last week, with equity markets on the rise across all regions, according to the latest Weekly Brief from Lyxor’s Cross-asset Research team.
As a result, L/S Equity and to some extent Special Situations funds outperformed. The latter delivered nonetheless disparate results across managers depending on their positions.
L/S Credit managers were up too, especially managers with a tilt towards relative value trades. CTA fund returns were mixed, from slightly up to slightly down. In aggregate, gains in long equities were offset by short positions on US bonds and long energy.
The positive
The first investable British cryptocurrency mine has launched. The mine, which will be Britain’s biggest, will be open to qualified investors through a limited company – The Third Bladetec Bitcoin Mine Ltd – which is governed and protected by UK law.
The Third Bladetec Bitcoin Mine Ltd is being launched, and will be operated, by Bladetec, a technology firm established in 2002. John Kingdon, a founding partner, will manage it alongside Declan Kennedy, founder of the Irish Forestry Funds and former Irish Entrepreneur of the Year. Bladetec has experience providing disruptive technology solutions to large multi-national organisations in both the public
Itiviti AB has completed its merger with ULLINK as of 14 March 2018. The combined company now has annual sales exceeding USD200 million, 1,000 employees and local presence in major financial markets across Europe, Asia-Pacific and the Americas.
The intention to combine Itiviti and ULLINK was jointly communicated by the companies and owner Nordic Capital on 28 November, 2017.
The Board has appointed Torben Munch as Chief Executive Officer of the combined entity.
“Torben Munch’s leadership has been instrumental for shaping Itiviti’s organisation from a diverse group into a unified team and for developing a solid, coherent offering
