Funds
New hedge fund launches in Q1 2017 increased for the first time since the first quarter of 2016 as both hedge funds and equity markets gained through the first part of the year, and measures of financial market volatility fell to record lows.
New hedge fund launches totalled 189 in Q1, up from 153 in the prior quarter, according to the latest HFR Market Microstructure Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.
Hedge fund liquidations declined narrowly in Q1 2017 as total industry assets continued
O’Brien Investment Group (OBIG) has launched the OBIG Discretionary Global Macro Fund, managed by Monica Fuentes, PhD. The hedge fund will be open accredited institutional investors and large family offices as of 1 July.
The Fund will offer a Founders Share Class for the first USD100 million of assets under management (AUM), available with a USD250,000 minimum investment.
A futures-only version of the strategy was launched last month, available exclusively in a managed futures separately managed account. The minimum for a futures-only managed account is USD2 million.
John W O’Brien, Jr, OBIG CEO, says: “A year and half
In accordance with its obligations to the Energy and Climate Authority (DGEC) relative to the tracking of renewable energy, Powernext, as the National Registry for electricity guarantees of origin, is publishing the French residual mix and releasing information about the consumption of renewable energy in France.
Some 94.7 TWh of the 524.6 TWh of electricity produced in France in 2016 originated from renewable sources (59.2 TWh from hydroelectricity, 20.7 TWh from wind, 6.5 TWh from biomass and 8.3 TWh from solar) . The share of renewable energy in the production mix amounts to 18.1 per cent in 2016.
The
Dr Nicola Meaden Grenham (pictured), co-founder of Dumas Capital, has been named Strategic Adviser to Kettera Strategies and its Hydra marketplace, a global platform providing investors with access, daily transparency, intra-month liquidity and notional funding to established and emerging alternative asset managers.
“We have the highest respect for Nicola and her many accomplishments in the alternatives sector” says Terri Engelman Rhoads, Kettera President. “We look forward to working with Nicola as Strategic Adviser to help expand our footprint internationally. Kettera’s Hydra marketplace uses technology to advance the requirements of investors and investment managers seeking to expand their relationships and enhance
P Schoenfeld Asset Management (PSAM), a global alternative asset management firm, is to act as the manager of the Tages PSAM Credit Fund, an existing sub-fund of Tages International Funds – a UCITS-compliant umbrella fund structure.
The new Fund’s focus will remain a credit long/short investment strategy. Originally launched in May 2016 as Tages Fore UCITS Fund, the Fund has been renamed the Tages PSAM Credit Fund with assets under management of USD64 million.
To help oversee the management of the Tages PSAM Credit Fund, Al Moniz has joined PSAM. Mr. Moniz previously served as a Portfolio Manager and
Blenheim Capital Management has reached an agreement with the employees of its Amsterdam-based affiliate, Blenheim Capital Management BBV, to establish the Dutch outfit as an independent entity.
Blenheim and BBV will continue to have a working relationship, but the two companies will no longer have a corporate affiliation. Blenheim will continue to make allocations to certain strategies run by BBV. The spinoff is expected to be completed in July and terms of the transaction were not disclosed.
“We are extremely proud of the success we have achieved with our partners in Amsterdam over the last five years. Our collaboration
Misys and D+H have joined forces to create a diversified global financial software provider which will operate under the new company name Finastra.
The combination will create the third largest financial services technology company in the world, with approximately 10,000 employees and over 9,000 customers across 130 countries, including 48 of the top 50 banks globally. This follows the acquisition of D+H by Vista Equity Partners, which already owns Misys, creating a merger of two highly complementary financial technology providers.
Finastra will be led by Nadeem Syed in the role of Chief Executive Officer. Syed was previously CEO of
Coinsilium Group Limited, an accelerator that finances and manages the development of early-stage blockchain technology companies, has signed a Memorandum of Understanding (MoU) with HyperChain Capital a hedge fund focused on investing in Blockchain companies.
Under the terms of the MoU, the firms will collaborate and finance co-investment opportunities in blockchain companies.
Investments in Blockchain companies via ICOs have surpassed VC investments in 2017.
HyperChain, led by Stelian Balta, is one of the world’s first large hedge funds investing in blockchain companies and new blockchain protocols via the acquisition of newly issued crypto and application-specific tokens (‘Tokens’).
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.34 per cent in May, outperforming the 0.24 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index SM.
“Long-biased strategies outperformed in May, benefitting from strong global equity markets, with notable performance from the Information Technology, Utilities, and Consumer Staples sectors. Growth-oriented
The Preqin All-Strategies Hedge Fund benchmark returned 0.26 per cent in May, marking the seventh consecutive month of positive returns for the industry. Overall, hedge funds have recorded just three months of losses since the start of 2016.
Multi-strategy hedge funds posted the highest returns of any leading strategy, at 1.40 per cent, while relative value funds were the only leading strategy to see losses, recording -0.38 per cent for the month. Despite falling slightly, 12-month returns for the industry are at 10.33 per cent, surpassing the expectations for hedge fund performance that investors gave Preqin at the start of
