Funds
AnaCap Financial Partners (AnaCap), a specialist European financial services private equity firm, has sold First Names Group, a leading independent provider of trust, corporate, real estate and fund administration services worldwide.
The buyer is SGG Group, a leading multi-jurisdictional provider of financial services, backed by Astorg Partners, the European investment firm. Completion of the sale which is subject to regulatory approval, secures AnaCap a 2.6x return on its investment.
First Names Group works closely with client and professional advisers to establish and administer a range of internationally structured solutions, including trusts, companies and foundations, as well as providing fund
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has signed a Memorandum of Understanding (MoU) with the Insurance Asset Management Association of China (IAMAC), a self-regulatory organisation for China’s national insurance asset management industry.
AIMA and IAMAC signed an agreement in Beijing that outlines areas of cooperation and collaboration, including educational programmes and joint events. The MoU further strengthens AIMA’s presence in China and its relationships with China’s asset management industry and its regulators.
In 2014, AIMA signed an MoU with the Asset Management Association of China (AMAC), the self-regulatory organisation for Chinese fund
By Piers Alexander, Conyers Dill & Pearman – The Cayman Islands is a world leader in the establishment of offshore hedge funds. Its tax-neutral platform, stable economy, sophisticated banking sector, confidentiality and professional financial service industry are just some of the reasons the location is attractive to hedge fund managers the world over.
To help fund managers decide whether the Cayman Islands is the right home for their fund, we have outlined some important factors to consider when setting up a hedge fund, as well as provided an overview of relevant documentation and regulations.
Structural considerations
A hedge fund is
Carnegie Affiliated Managers (Caram) is to acquire (via its subsidiary Caram Alternative Investments AB) approximately 35 per cent of the equity in Albatris AB (Albatris), with Albatris’ management retaining 65 per cent.
Albatris’ ambition is to be a leading investment company in the Non-Performing Loan (NPL) segment of European alternative credit investments.
Caram’s investment is consistent with its strategy to invest in focused independent firms with strong investment led cultures. The Caram group was founded in 2016 by its majority owner Altor Fund III and is the largest independent asset management group in the Nordics with over EUR23 billion
Pathstone Federal Street has launched a new environmental, social and governance (ESG) measurement tool as part of its portfolio execution platform: P-Cubed (Pathstone Portfolio Platform).
P-Cubed provides the ability to hold diverse investments in a single account, at a lower cost and improved efficiency.
“We developed P-Cubed to provide clients with meaningful tax and expense efficiencies, but now it is much more than that,” says Mathew Fleissig (pictured), President of Pathstone. “Today, P-Cubed delivers the power to strategically customise and align a client’s portfolio with their goals in ways we believe were not possible before. This is a new
Hedge funds are up 7.27 per cent for the year, posting better performance compared to a modest 3.68 per cent gains last year, according to Eurekahedge’s final monthly report for 2017.
Asset base for the industry grew by USD188.2 billion in 2017, with USD94.7 billion of the gains in assets attributed to investor inflows and USD93.5 billion attributed to performance-based gains. This compares with an AUM contraction of USD20.0 billion in 2016 where investor redemptions stood at USD55.1 billion while performance-based gains came in at USD35.1 billion.
Almost 76 per cent of hedge fund managers have posted positive returns
Singapore-based OC Horizon FinTech has concluded its first month of activity in blockchain related asset investment, having achieved a 24 per cent return in November.
The firm says the fund is invested in a mixture of blockchain-related equities and digital assets, including both high market cap cryptocurrencies and strategically selected alt-coins.
OC Horizon says that its hedge fund has an initial target of raising USD150 million and is the first of its kind to place cryptocurrency assets within the reach of institutional investors.
The firm writes that until now, institutional investors have avoided investing in volatile cryptocurrencies – but consistent
Asian hedge fund platform OP Investment Management Ltd (OPIM), in partnership with Watercourse Advisors, is to launch the Watercourse Macro Fund SP of Sunrise SPC, a Cayman-domiciled hedge fund for professional investors only.
The absolute return fund will deploy a global, directional macro strategy.
Founded by Wei Liao (pictured), Watercourse will continue the same strategy she ran whilst previously managing BIA Pacific Macro Fund. The portfolio will focus on anticipating and identifying tactical trading opportunities as well as strategic investment themes in Asia-Pacific, US, and Europe, by taking long and short positions in highly liquid, transparent, easy-to-price instruments across
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2017 measured -0.40 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.18 per cent in December.
“SS&C GlobeOp’s Capital Movement Index showed a net outflow for December 2017 of -0.18 per cent,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “On a year-over-year basis, this compares to net inflows for December 2016 of 0.21. December net flows have been close to zero in recent years, so this result was within the range of expectations for the month. For the full year 2017, capital
Hedge funds edged higher last week as CTAs and Global Macro strategies outperformed and the remaining hedge fund strategies were flat, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
CTAs were fuelled by their long equity and energy positions while Global Macro funds benefitted from the stronger USD.
On a negative note, Market Neutral L/S and Special Situations ended the week in the red. On a year to date basis, Event-Driven funds remain the top performers, followed by L/S Equity funds.
Overall, 2017 was a good year for hedge funds which are on track
