Funds
Sprott Asset Management (SAM) is to sell its Canadian diversified fund business to a management-led group, with John Wilson, CEO and co-CIO of SAM, and James Fox, president of SAM, to be co-managing partners of the new firm.
The agreement is expected to be finalised in the coming months, pending regulatory approvals.
“This agreement marks a new and exciting era for our clients and our employees – one where the new company’s management team is fully aligned behind one idea: continue our growth as an exceptional fund management business that uses innovative thinking to help advisors succeed,” says Wilson
Federal Way Asset Management, an investment management firm offering both alternatives management and fiduciary management services with approximately USD5.6 billion in assets, including USD3.7 billion on a discretionary basis, has changed its name to Aptitude Investment Management.
“Since becoming an independent firm five years ago, we have sought to provide our clients with deep alternatives investing expertise and intelligent solutions in order to generate superior, long-term, risk-adjusted returns,” says Jeffrey Klein, chief executive officer of Aptitude.
“Our new name, Aptitude, reflects the talent and skills that we seek in the managers in which we invest, strengthening our ongoing commitment
Tradeweb Markets, a provider of fixed income, derivatives and ETF marketplaces, saw trading activity in European spread products/Eurobonds reach a record-breaking EUR73.8 billion in the first quarter of 2017.
This beat Q1 2016 by 22.3 per cent and the previous record-holder Q1 2015 by 21.5 per cent.
Volume executed in European credit alone surpassed EUR 38.32 billion, a 21.4 per cent increase from Q1 2016 and previous record quarter.
March 2017 was also the third consecutive record month for the Tradeweb European Credit platform, with more than EUR 14.17 billion in notional volume, up 10.2 per cent from
JTC Group, a provider of fund, corporate and fiduciary services, has expanded its global footprint to include the Netherlands through the acquisition of New Amsterdam Cititrust (NACT).
The deal, which remains subject to regulatory approvals, will see the entire management team and all staff remain with the organisation and join JTC, with completion of the transaction expected in mid-2017.
NACT was founded in 1981 and services a client portfolio ranging from entrepreneurs and their families to venture capitalists, private equity firms and publicly listed companies. The business provides a range of corporate and administration services, including: company formation, corporate
Hedge funds gained 0.34 per cent during the month of March, bringing its first quarter performance to a gain of 2.29 per cent, according to the latest Index Flash Update from EurekaHedge.
Underlying markets, as represented by the MSCI AC World Index (Local) gained 0.79 per cent during the month, with first quarter gains of 5.06 per cent.
March was marked by investor scepticism over the Trump administration as proposed healthcare reforms to replace Obama's Affordable Care Act did not meet intended outcomes. This led to an overall cautious sentiment in the market over the administration's ability to deliver
American Century Investments has expanded its suite of liquid alternative investment strategies with the AC Alternatives Disciplined Long Short Fund, which is aimed at clients and investors who are seeking equities with potentially lower volatility.
"AC Alternatives Disciplined Long Short is a welcome addition because it's another way to help clients strive to mitigate risk in their portfolios," says Cleo Chang (pictured), senior vice president and head of alternative investments for American Century Investments. "We also believe long short strategies can provide important diversification with the potential for more consistent returns over a full market cycle."
The fund is
Global hedge fund middle office and accounting firm Viteos has been awarded Best Global Shadow Accounting Firm at the Hedgeweek Global Awards 2017.
Hedgeweek notes that the awards recognise “excellence among hedge fund managers and service providers (and) celebrate the achievements of firms that contributed to another significant year for the sector.”
Especially significant is that winners are selected by Hedgeweek’s readership across the entire scope of professionals in the hedge fund space, including investors and managers as well as fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.
Hedge funds and traditional asset managers have
Vincent Au, the portfolio manager at New York-based hedge fund management firm Gondor Capital Management, has told investors that the best measuring stick in determining performance are quarterly and yearly returns.
“A good measuring stick is the returns of a fund not monthly, but quarterly and yearly,” says Au. “While I am thrilled with the Gondor’s returns, the number I am most proud of is 80 per cent plus, that number reflects the percentage of months Gondor has been profitable since inception almost four years ago.”
Since inception in July 2013, the Gondor Partners LP and the Gondor Funds
Hedge funds generated alpha last week, with global macro funds outperforming thanks to higher dollar and oil prices, according to Lyxor’s latest hedge fund weekly brief.
Amid slightly negative global equities, L/S Equity funds succeeded in extracting excess returns, especially in Europe through relative trades.
Two weeks and counting before the very atypical French presidential elections, hedge funds are displaying disparate stances on this event.
Global macro funds at Lyxor seem to be prudently positioned. After the UK referendum and the US election surprises, they are more cautious. While they do not seem to be taking a particular
Ronit Capital has launched the Ronit Global Opportunities UCITS Fund, a global long/short strategy focused on liquid emerging markets and the European periphery, on the MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
The Ronit Global Opportunities UCITS Fund seeks long term absolute returns by trading a fundamental, bottom-up strategy with macro overlays, to capitalise on global opportunities with a focus on emerging markets and the European periphery.
The investment strategy will only invest across a liquid
