Funds
Dyal Capital Partners, a division of Neuberger Berman Group, has acquired a strategic minority stake in private credit and special opportunities alternative investment manager, Atalaya Capital Management.
Dyal will become a passive, non-voting partner in Atalaya. All of the proceeds from the investment will be retained on Atalaya’s balance sheet to expand the Firm’s capabilities and increase the Firm’s investment alongside its investors.
Atalaya was founded in 2006 and today manages more than USD2.5 billion in assets under management across its Special Opportunities Fund and Asset Income Fund products as well as select other investment vehicles.
Ivan Q.
The hedge fund industry faces a challenging environment in Europe, with overall assets under management declining in 2016, and net asset outflows continuing through Q1 2017, according to a new report from Preqin.
Hedge Funds In Europe reveals that as of the end of 2015, hedge fund managers in the region held USD674 billion in AUM; this declined to USD657 billion a year later. At the same time, investor outflows from Europe- based fund managers totalled USD35 billion, with a further USD9 billion in net outflows recorded in Q1 2017. However, performance among Europe hedge funds has shown signs of
Neuberger Berman has extended its range of alternative solutions with the launch of the Neuberger Berman Uncorrelated Strategies Fund. The UCITS Fund went live with USD71 million in seed capital from clients in the UK, Switzerland and Scandinavia.
The fund’s joint goals are to generate positive absolute returns and to focus on strategies expected to be uncorrelated to equities and fixed income, over a market cycle. The investment team, including portfolio manager, Fred Ingham, identifies differentiated strategies such as Global Macro, Equity Market Neutral, Short Term Trading and Trend Following, which have historically generated returns distinct from traditional asset classes as
White Oak Equity Partners (White Oak), a private equity investor focused on acquiring minority GP interests in hedge funds, has acquired stake in ROW Asset Management (ROW), a systematic quantitative global macro investment firm.
Terms of the transaction have not been disclosed.
The transaction and new partnership provides ROW, which has over USD800 million in assets under management, with additional financial flexibility to be more opportunistic as it seeks to grow its capabilities and assets. ROW will continue to be led by Ryan O’ Grady (pictured), co-founder and Chief Executive Officer, and Jeffrey Weiser, co-founder and President, who will
Alternative asset manager P Schoenfeld Asset Management (PSAM) has purchased a minority stake in CdR Capital, a UK and Geneva headquartered private investment office.
The stake allows PSAM, which employs a research based fundamental investment approach that spans many business cycles, to capitalise on CdR Capital’s asset allocation expertise as well as the skills of its quantitative investment teams.
With this transaction, the event-driven specialist will be more responsive to the needs of its global clients. As part of the agreement, PSAM and CdR Capital will be collaborating on joint ventures and building out bespoke client solutions.
“We
The Guernsey funds sector enjoyed its largest growth in four years during the first quarter of 2017.
The latest figures from the Guernsey Financial Services Commission show that the net asset value of funds under management and administration in the island grew by GBP10.6 billion (4.1 per cent) over the quarter – the highest margin of growth since the first quarter of 2013, when funds grew by GBP19.7 billion. From the end of March 2016, total net asset values increased by GBP28.6 billion (12 per cent).
The statistics also build on six straight previous quarters of growth to take the
The first half of the year has seen a sharp divergence in returns between Event Driven and Global Macro strategies. These dynamics were also at play last week and so far this month, with Event-Driven extending gains and Macro funds underperforming. Interestingly, the the very same configuration occurred as of end-June 2016.
That’s according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team which points out that Global Macro funds were impacted negatively last week by the sharp fall in oil prices and the fall in US and UK Treasury yields. They have maintained long positions on energy
The US Commodity Futures Trading Commission (CFTC) has confirmed its non-objection for Euronext to grant direct trading access to US participants on the CAC 40 Dividend Index Futures and the AEX Dividend Index Futures.
Effective 13 June 2017, Euronext participants and investors domiciled in the US now have direct trading access to Dividend Futures on these two blue-chip European indices.
After achieving 100 per cent growth in volumes traded in 2016[2], the CAC 40 Dividend Index Future continues to reach new trading milestones in 2017. From January to May 2017, the number of contracts traded was up by nearly
A number of technology-focused hedge funds are generating strong returns so far this year, with technology being the biggest standout of Wall Street this 2017 and generating at nearly 50 per cent of the market’s overall rise.
According to alternative investment manager Gondor Capital Management, hedge funds tracked by Morgan Stanley showed that as of end of April, nearly 29 per cent of the sector’s exposure in North America was in information technology stocks. Gondor believes that this leads to concerns that the hedge fund space is already crowding the technology sector.
“I believe that hedge funds are already
Managed futures traders gained 0.06 per cent in May according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the Index has lost 0.67 per cent.
Four of Barclay’s CTA indices had gains in May, and four had losses. The Financial/Metals Traders Index was up 0.88 per cent, Systematic Traders gained 0.13 per cent, and Agricultural Traders added 0.06 per cent.
“The seventh month of consecutive gains by global equities coupled with a bond market rally were the main drivers of CTA returns in May,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Currency
