Funds
Inverdale Capital Management (Inverdale), an asset manager focused on alternative investments, has announced a strategic partnership with Ballast Asset Management (Ballast).
Ballast, founded in 2015 and led by Portfolio Manager Ragen Stienke (pictured), pursues a value-oriented, long-only strategy focused on investments in publicly-traded small and mid-cap equities. Prior to founding Ballast, Stienke served as Senior Portfolio Manager for Westwood Management’s SMidCap Equity strategy. Stienke and his team will join Inverdale and operate as a wholly-owned independent subsidiary.
“We are excited to partner with Ragen in scaling his strategy,” says Ryan Small, managing partner of Inverdale. “We have tremendous confidence
Net sales of UCITS and AIF totalled EUR68 billion in November 2017, down from EUR84 billion in October, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Funds Industry Fact Sheet.
UCITS registered net sales of EUR59 billion in the month, down from EUR75 billion in October. Long-term UCITS meanwhile, (UCITS excluding money market funds) recorded net sales of EUR60 billion, up from EUR57 billion in October, while net sales of equity funds totalled EUR25 billion, up from EUR12 billion in October. Net sales of bond funds totalled EUR28 billion, up from EUR26 billion in October, and net sales of multi-asset funds totalled EUR18 billion, up
Persistent trends across asset classes have continued to fuel CTA returns over recent weeks, writes Lyxor in the latest Weekly Brief from its Cross Asset Research team.
According to several benchmarks of performance, January is on track to see them delivering the highest monthly returns in a decade. Such exceptional performance results from the solid upward trend in equity indices, amid buoyant economic conditions globally and the soft pace of monetary retrenchment from central banks. Meanwhile, the current US earnings season is proving to be a good vintage so far, though less than 30 per cent of the companies listed
BNP Paribas Asset Management (BNPP AM) has launched the Parvest Global Equity Absolute Return Strategy (Parvest GEARS), a sub-fund of the Parvest UCITS V SICAV registered under Luxembourg law.
With equity valuations considered expensive at current market levels on a range of measures, many investors are increasingly looking for absolute return strategies that have a low correlation with underlying markets and have the ability to generate alpha regardless of market direction.
Parvest GEARS is an absolute return equity strategy with daily liquidity that targets positive returns through the market cycle. It aims to deliver performance primarily by capturing stock
Mirabaud Securities has launched the Mirabaud Securities Global Thematic Group, a specialist team that assesses macro themes and fundamental stock ideas to identify interesting opportunities for investors.
The team is led by Global TMT Analyst Neil Campling and Head of Sales Toby Clothier, who previously worked together at Northern Trust Capital Markets (and prior to that at Aviate Global, which was then acquired by Northern Trust).
Neil Campling began his career at Prolific Asset Management and spent 13 years as a TMT Fund Manager at Aberdeen Asset Management and New Star before moving to the sell-side at Aviate
3iQ Corp has agreed to terms and conditions with the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) to act as Canada’s first Portfolio Manager (PM) and Investment Fund Manager (IFM) permitted to invest in multiple crypto assets.
Units of 3iQ’s Global Cryptoasset Fund will be available to accredited investors, advisors and dealers via Fundserv, and to pension funds, institutions and family offices via private placement. The fund, structured as a Trust, will invest directly in bitcoin, ether and litecoin, three of the leading cryptoassets.
3iQ aims to launch and complete its first close within the next
GLMX, a comprehensive technology solution for the trading of repurchase agreements (repo) and secured lending, has raised USD20 million in growth equity financing.
The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled, and weekly trading volumes exceeded USD68 billion.
GLMX’s request-for-quote (RFQ) based buy-side-to-dealer trading platform has been expressly built to enhance the relationship between buy-side and sell-side counterparties, and addresses the need for a more efficient repo trading infrastructure, particularly in light of increasing regulatory reporting requirements.
The
Powernext and the Ukrainian gas network operator PJSC UKRTRANSGAZ have signed a Memorandum of Understanding (MoU) to evaluate possibilities for future cooperation.
Powernext would bring its European experience in offering market-based tools to infrastructure operators while PJSC UKRTRANSGAZ would bring its knowledge of the Ukrainian gas market.
Today, the national yearly gas consumption of Ukraine is the largest in Eastern Europe with a volume of about 33 bcm. Ukraine is currently liberalising and modernising its gas market, progressively making it compliant with the European Third Energy Package. In this context, market-based mechanisms are increasingly needed in Ukraine to support the
The SS&C GlobeOp Forward Redemption Indicator for January 2018 measured 2.20 per cent, down from 4.18 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator for January was 2.20 per cent, down from 2.60 per cent for the same period a year ago for January 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This very favourable result marks the twelfth consecutive month of improvement in year-over-year redemption notices. Hedge funds are beginning 2018 with strong tailwinds with respect to asset retention.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in
White Oak Equity Partners (White Oak), a private equity firm that purchases minority GP interests in alternative asset managers, has acquired a minority interest in Blueshift Asset Management, a quantitative investment firm focused on statistical arbitrage and high-frequency trading strategies.
White Oak led a group of strategic investors who provided the equity capital to launch Blueshift’s business and trading activities. Terms of the transaction have not been disclosed.
Prior to launching the Firm, the Blueshift team, led by Chief Executive Officer and Chief Investment Officer Mani Mahjouri (pictured), managed the asset management activities of Tradeworx, a financial technology firm.
