Funds
Addepar has acquired AltX, an intelligence platform for the alternative investments market.
The acquisition deepens Addepar’s capabilities in alternative investments – which comprise USD120 billion of the USD600-plus billion of assets on Addepar’s platform.
With AltX, Addepar advances its mission to empower wealth advisers and asset owners to make more informed, data-driven investment decisions.
Alternative investments, including hedge funds, private equity, venture capital and real estate, have exploded in popularity, growing from USD2.5 trillion in 2004 to a projected USD13.6 trillion by 2020. Despite this growth, wealth advisers have struggled to provide an adequate level of information
Woodford Investment Management has published the entire portfolio of its third fund, the CF Woodford Income Focus Fund, which launched in April this year.
In the interests of transparency and clarity for its investors, full disclosure of the CF Woodford Income Focus Fund’s portfolio will be provided online on a monthly basis, in line with the other Woodford funds.
Neil Woodford, head of investment, Woodford Investment Management, has built a portfolio focused on dividend-paying stock market listed securities with no geographical constraint, in a bid to meet increasing investor demand for high-quality income streams, together with capital growth.
Nine of the BRI index strategies, including BRI’s Long/Short Equity (BRILSE) Index, which is powered by Wilshire, are now available on the HedgeCoVest UMA/SMA platform.
HedgeCoVest also provides the SMArt Xchange, a UMA/SMA solution exclusively for SS&C’s client base of advisors using Axys, APX, or Black Diamond, where the BRI indexes will also feature.
BRI Partners has entered into a licensing agreement with HedgeCoVest to make the index strategies accessible on its investment platform.
BRI will provide nine passive indexes for long-only and absolute return hedge fund strategies: long/short equity, dynamic growth and value, hedged small cap,
Cowen, formerly Cowen Group, has launched a new brand identity Outperform, designed to better reflect the quality and breadth of services the firm offers clients and partners.
“Financial services and actively managed investment products need to be differentiated and immediately recognisable as capable of contributing to overall client performance,” says Peter A Cohen (pictured), chairman and chief executive officer of Cowen. “In staying true to our mission, Cowen is a well-recognised organization with focused asset management offerings and knowledge-based financial services offerings for corporations and active investors.”
Jeffrey M Solomon, president of Cowen, says: “To be successful in
The hedge fund industry saw net inflows totalling USD19.7 billion in Q1 2017, ending five successive quarters of net outflows for the industry, according to the latest Hedge Fund Asset Flows reports from Preqin.
The influx of investor capital, combined with a consistent run of positive performance for the industry, has seen total assets held by hedge funds grow by 3.2 per cent in the first quarter of the year to hit a record USD3.35 trillion.
All leading hedge fund strategies experienced a percentage increase in total assets and, notably, macro strategies funds attracted USD11.1 billion of net
Hedge funds were up 0.64 per cent in April with 2017 year-to-date gains coming in at 3.00 per cent, according to the Eurekahedge report for May.
Investor appetite for hedge funds has picked up pace since the start of the year, with net inflows of USD34.8 billion.
AUM for the North American hedge fund industry has reached a record high of USD1.54 trillion as of April 2017. Investor subscriptions for 2017 year-to-date stood at USD29.5 billion, with USD18.4 billion of performance-based gains recorded over the same period of time.
The USD260.6 billion CTA/managed futures mandated hedge fund
Algomi, a network company providing information-matching solutions for the optimisation of fixed income liquidity, is to acquire and distribute the ALFA product created and developed by AllianceBernstein (AB).
ALFA (Automated Liquidity Filtering & Analytics) was developed as an in-house liquidity tool by AB.
It provides cross-market information on liquidity and trade intent in order to give the buy-side a real-time view of the entire bond market including government bonds, investment grade, high yield, emerging market, municipal debt, and structured credit.
AB selected Algomi in a competitive search process to acquire and become the sole marketer of the product, now called
BrokerTec, a NEX Group business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, are expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices.
The RFR indices were launched in 2012 and include the German, French, Italian, Spanish and pan-European RFR indices.
Each RepoFunds Rate index accurately reflects the specific effective cost of Repo funding for trades executed on BrokerTec, and MTS, which between them typically trade volumes of EUR230 billion per day (single counted). The
Chiron Investment Management, a boutique, multi-asset investment management firm, has launched a new UCITS fund, the Chiron Global Opportunities Fund.
The fund will employ a multi asset class strategy that will seek to preserve capital while generating a total return that outperforms its peers and relevant benchmarks.
The fund was launched in collaboration with UBS and is domiciled in Ireland as a sub-fund of Chiron Funds ICAV, an Irish UCITS structure.
Chiron will employ its signature quantamental investment process for the fund, which the firm describes as a hybrid combination of rigorous quantitative modelling with deep fundamental
CTAs outperformed last week on the back of supportive risk appetite conditions, according to Lyxor’s latest Hedge Fund Weekly Brief.
Global macro funds also delivered positive returns as the USD regained its upward trend.
On a negative note, L/S equity funds underperformed as both variable biased and market neutral funds ended the week in negative territory. From a geographical perspective, European and EM funds outperformed US managers.
Event-driven extended its winning streak as merger arbitrage continued to deliver solid returns. Event-driven managers have recently increased their exposure to Europe. However, instead of betting directly on the European
