Funds
Hedge funds ended their five-month winning streak, ending June down down 0.19 per cent according to preliminary figures for the month released by EurekaHedge.
The average return of the Eurekahege Hedge Fund Index was drawn into negative territory in June as developed market mandates underperformed their emerging market peers; with trend-following and macro strategies lagging behind the pack.
Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) were up 0.18 per cent over the same period. Equity markets posted mixed results with European equities ending the month in the red whilst North American mandates posted modest
The Managed Funds Association(MFA) has launched an updated Institutional Investor Map utilising data from Preqin and a new video series featuring institutional investors explaining, in their own words, the important role hedge funds play in their institutions’ larger portfolios.
“Institutions like pensions, charities and universities across the country represent approximately two-thirds of the industry’s invested assets,” says MFA President and CEO Richard H Baker (pictured). “This project highlights that strong partnership and the important role the industry plays in helping institutional investors across the country provide secure retirements, expand educational opportunities, increase research funding and fulfil charitable missions.”
The
Financial solutions provider Profile Software is to acquire 100 per cent of Login SA, an international Treasury specialised provider. Profile Software acquired the majority of Login’s shares on 6 July 2017, and will conclude the acquisition in 2018.
Founded in 1988, Login is based in Paris, France, and specialises in developing financial treasury software. Through its AcumenNet platform, Login is serving front-office, trading, risk management, middle and back office requirements of Banks’ Treasury Departments. The product covers a wide range of asset classes that include, among others, Forex and Money Market instruments, Exchanged Traded and OTC derivatives as well as
Hedge funds gained in June as the US Federal Reserve raised interest rates and oil prices extended sharp declines, while equity market volatility remained near historic lows, according to data released today by HFR.
The HFRI Fund Weighted Composite Index advanced 0.4 per cent for the month, the eighth consecutive monthly gain and the 15th gain in the last 16 months, led by strong performance in Emerging Markets, Equity Hedge and Healthcare exposures. June performance topped the Nasdaq and European equities, and brings H1 2017 performance to +3.7 per cent, also extending the record Index Value for the HFRI to
H2O Asset Management (H2O), a specialist in global macro multi-strategy investment management, is to acquire Arctic Blue Capital, a systematic commodity-focused manager, from Stable Asset Management. The terms of the deal have not been disclosed.
The deal brings together two highly complementary investment managers and is a response to increasing client demand for investment strategies suited to a changing inflationary environment.
H2O, which was founded in 2010 and currently manages USD14.6 billion on behalf of clients, will provide extensive infrastructure and operational support to enable Arctic Blue to pursue its next level of growth. Arctic Blue, which will continue
CBOE Holdings is planning to list options on Blue Apron Holdings (APRN), a meal-kit delivery service.
CBOE Holdings anticipates trading in options on Blue Apron will begin on Monday, 10 July, at Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), once the underlying stock has been certified as meeting all of CBOE Holdings’ applicable exchanges’ listing criteria.
CBOE Holdings plans to list Blue Apron options on its BZX Options and EDGX Options exchanges on Tuesday, 11 July.
Underlying shares of Class A common stock of Blue Apron began trading on the New York Stock Exchange (NYSE)
Jemekk Capital Management, a Toronto-based alternative investment management firm that offers wealth management products for high net worth, family office, fund-of-funds and small-to-mid-sized institutional investors, is to act as portfolio sub-advisor for the LOGiQ Hedge Fund, LOGiQ Global Opportunities Class and LOGiQ Global Balanced Income Class.
Frank Mersch (pictured), was the individual portfolio manager for these funds during his time at LOGiQ. Having recently joining Jemekk Capital as Portfolio Manager and senior member of the team, he will continue to manage these funds as he has since their inception.
Mersch, an industry leader and well-respected money manager, will continue
All of Societe Generale Prime Services’ CTA indices posted negative returns at the end of June, despite being in positive territory up until the last week of the month.
The SG CTA Index closed the month down 3.47 per cent, and is now down 3.48 per cent for the first half of the year. Short term strategies fared slightly better, but the Short Term Traders Index still closed the month down 1.06 per cent.
The end of June was particularly difficult for trend followers. Mid-month the Trend Index had been enjoying a positive run of performance, up +3.08 per
Stabilis Capital Management, has closed its Fund V with USD525 million in commitments from investors. The closing of Fund V takes the firm’s raised funds to a total of USD1.7 billion since its founding in 2010.
Stabilis focuses on identifying and creatively structuring new investment opportunities with high risk adjusted returns while mitigating downside risk.
“I am pleased with Stabilis’ success and delighted by our continued ability to serve our investors. We look forward to continuing to use our specialised focus to invest in high return opportunities that are primarily secured by real estate and where we believe a
MidOcean Credit Partners, an affiliate of MidOcean Partners, a premier New York-based alternative asset manager, has closed a USD600 million collateralised loan obligation (CLO), MidOcean Credit CLO VII.
The transaction was led by Goldman Sachs & Co.
The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have a four-year reinvestment period and a two-year non-call period. The transaction is MidOcean’s first CLO structured to comply with US risk-retention rules.
Jim Wiant (pictured), Managing Director at MidOcean Credit Partners, says: “The successful closing of CLO VII, MidOcean’s largest CLO to date, demonstrates our
