Funds
Signs of economic growth, steady US yields and a calm dollar greenlit a rebound in global risk assets after last week’s declines, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Less noise about the controversial Trump’s ties to Russia and a relatively innocuous Fed statement helped US equities to recover.
While the minutes reinforced expectations for a fully-priced June rate hike, they didn’t change investors’ prospects for at most two hikes in 2017.
It supported dollar assets, including EM markets and non-energy commodities.
Meanwhile, Eurozone assets had to contend with the firmer
The Billion Dollar Club of hedge fund investors continues to expand, as new members join their ranks and total combined allocations to the asset class rise, according to Preqin.
This group of those investors allocating USD1 billion or more to the industry has seen a net increase of eight members in the 12 months to June 2017, and now stands at 242 institutions.
Furthermore, the level of capital invested in hedge funds by these investors has grown by 6 per cent over the past year, and now stands at USD805 billion. The Billion Dollar Club of investors collectively
From a structuring perspective, infrastructure funds are most frequently established as either a limited partnership or a limited company. Partnerships are the familiar vehicle for private funds, whereas companies will be used for listed vehicles.
Obviously there will be nuances, depending on the asset class and the type of investors being targeted. “You can give limited companies characteristics that resemble a limited partnership, particularly in offshore jurisdictions like Guernsey, but generally it will be one of the two options described,” says Craig Cordle (pictured), investment funds Group Partner from Ogier in Guernsey.
There are some inherent difficulties with infrastructure funds,
Wilshire Associates has launched a new Powered by Wilshire index, the BRI Dynamic Growth & Value Index (BRIDGV).
Created and owned by BRI Partners and calculated by Wilshire, the new index is designed to deliver a true benchmark and efficient investible access to the long-only beta risk of equity hedge fund strategies.
The BRI Dynamic Growth & Value Index uses a systematic, rules-based approach to create a dynamic portfolio of equities that deliver the same risk/return profile as the long component of equity hedge funds. The index leverages various selection criteria metrics such as value, growth and volatility to
Contagion from recent political upheaval, including former FBI director Mark Comey’s leaked memo and continued concerns over alleged ties between the Trump campaign and Russia, has been reasonable, according to Lyxor.
It comes amid persisting signs of decent global growth and contained anxieties about China.
In its latest weekly brief, the firm writes: “The Lyxor Hedge Fund index was up +0.4 per cent as of Tuesday. Macro funds outperformed on their long European equities and long energy. Special situations continued to make steady progress. L/S equity fund returns were mixed, reflecting heterogeneous impact from the sudden market rotation.
Acadian Asset Management, a firm overseeing USD82 billion in active global and international quantitative assets, has launched a sustainable Emerging Markets ex Fossil Fuel strategy.
This strategy is one of the first to focus on implementing this theme across emerging markets.
Acadian, the first quantitative manager to sign the UN Principles for Responsible Investment (UN PRI), has always seen responsible investing as an integral part of its investment process, with dedicated ESG resources in place.
Acadian created this strategy to help meet growing investor demand for divestment within portfolios, while maintaining investment return potential and ensuring investors
Euronext has acquired around 90 per cent of FastMatch for a USD153 million initial cash consideration.
FastMatch’s management will remain invested with a circa 10 per cent interest, with minority rights. Closing is subject to regulatory and anti-trust approvals, and is expected to occur in Q3 2017.
This bolt-on acquisition is part of Euronext’s strategy to actively leverage its balance sheet flexibility to capture value accretive opportunities and to accelerate growth and diversification of the revenue base in line with its ambitions. As such, the investment in FastMatch will not consume any resource dedicated to the deployment of
MainstreamBPO has executed sale agreements to acquire Trinity Fund Administration in Ireland and the Cayman Islands.
Privately owned Trinity currently provides administrative, transfer agency, company register, corporate secretarial, risk and regulatory reporting and other ancillary services to over 140 funds and investment vehicles incorporated in a variety of jurisdictions.
The acquisition will increase MainstreamBPO’s client base and funds under administration. Trinity currently services or administers assets in the region of USD7 billion.
Trinity was founded in 1993 by CEO John McCann, and has received recognition from the international funds industry on numerous occasions including being awarded the
The global hedge fund practice of Citigate Dewe Rogerson, an international financial and corporate communications consultancy, has added 20 new clients in less than a year since it was launched.
Client strategies covered include equity long/short, credit, quant, event-driven, activist, distressed, global macro, FX, emerging markets, biotech, disruptive tech and SRI.
The practice, centred on London, New York, Paris, Hong Kong and Singapore, is led by senior director Christen Thomson, a former deputy CEO of the Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry. During his six years with AIMA, Thomson worked closely
Client collateral deposits at Saxo Bank, the online multi-asset trading and investment firm, have exceeded DKK100 billion – a record high.
2016 was marked by a number of high profile political events, namely the UK EU referendum on 23 June and the US election on 8 November.
With a total of 490,000 client trades on 9 November 2016, the day after the US election, Saxo Bank reached a new record in trading activity.
With the French election on 7 May and the upcoming UK election on 8 June 2017, there continue to be events that demand attention
