Funds
The Preqin All-Strategies Hedge Fund benchmark posted returns of 7.40 per cent in 2016, marking the best performance year for the industry since 2013 and more than tripling the 2.03 per cent gain made through 2015.
Despite a volatile start to the year which caused some performance difficulties, hedge funds rebounded to post positive returns in nine of the final 10 months of the year.
This strong period of performance for the asset class sees three-year annualised returns stand at 4.83 per cent, while five-year annualised gains have reached 7.47 per cent.
Event driven strategies hedge funds saw
Dolfin has launched the Dolfin Unconstrained Credit Strategy, which targets consistently positive returns in all market contexts by capturing top-down market shifts and investing in attractive bottom up opportunities across the global fixed income spectrum.
Devised and managed by credit expert, Alex Eventon, (pictured) the strategy applies a “go-anywhere” investment flexibility, institutional investment tools and dynamic risk management. It has a performance target of Libor plus 4 per cent.
Eventon says: “Most investors have to hold an allocation to fixed income securities, yet the outlook for generating returns in the current fixed income environment is challenging – especially when
Convergex’s Prime Brokerage business added new clients with a collective total of over USD1 billion in assets during 2016 and continues to see a steady increase in its international client base.
The company says that enhancements to its Prime Services product offerings, including expanding its futures execution and clearing services and adding fully-paid for lending capabilities, helped generate additional interest and growth from both the US and Europe.
The Convergex Prime Services team offers a range of services to its clients including opening and monitoring accounts, cross referencing securities and customised reporting capabilities. In addition, the team is focused
The majority of global alternative firm SkyBridge Capital has been sold to RON Transatlantic EG and HNA Capital. Financial terms of the transaction have not been disclosed but at the end of November SkyBridge managed or advised on USD12 billion.
SkyBridge also hosts the SALT Conference which will be spun out as a standalone entity with this year’s event scheduled for May in Las Vegas.
The announcement states that SkyBridge will continue to be led by its current senior management team and its full investment team will remain intact. However, SkyBridge founder, Anthony Scaramucci (pictured) – who has been appointed as an adviser to US
Thomson Reuters has completed its acquisition of REDI Holdings, allowing it to incorporate a cross-asset execution management system (EMS) into its buy-side trading capabilities.
REDI will now operate as Thomson Reuters REDI.
Thomson Reuters REDI will continue to provide an EMS that offers cross-asset trading functionality, powerful trade allocation, reporting and compliance tools and rich analytics via desktop application, cloud, mobile or API.
In the coming months, Thomson Reuters will begin integrating REDI’s trading capabilities with Eikon, its financial markets desktop, and Elektron, its suite of data and trading propositions, to enable institutional traders to move seamlessly from pre-trade
Hedge funds saw gains of 4.48 per cent in 2016, posting better performance compared to a modest 1.78 per cent gain during 2015, according to the latest Eurekahedge Report.
The asset base for the industry contracted USD12.2 billion in 2016, on the back of steep redemption pressure with net outflows totalling USD42.5 billion for the year.
The asset base for relative value mandated hedge funds meanwhile, expanded 17.28 per cent for the year, growing by USD9.8 billion. Relative value mandated hedge funds gained 6.30 per cent in 2016, with underlying relative value volatility hedge funds up 7.22 per cent
The team behind alternative investments platform CoInvestor have launched an online service, EISWallet.com, allowing investors and their financial advisers to record and manage all of their Enterprise Investment Scheme (EIS) and unlisted investments digitally.
The service, which is free to use and currently in beta phase, aims to take the hassle out of managing income tax relief as well as any capital gains implications from investing in EIS and other unlisted investments.
Instead of trawling through paperwork as the self-assessment tax return looms, investors can store details of their investments and upload share and EIS certificates to their EIS
RAM Active Investments (RAM AI), an active and alternative asset management company, has launched RAM (Lux) Systematic Funds – Long/Short Global Equities.
The fund, available in daily-dealing UCITS format, will be collectively managed by Thomas de Saint-Seine (pictured), Maxime Botti and Emmanuel Hauptmann, senior equity fund managers and founding partners, who have run the firm’s systematic equity strategies since 2007.
The fund’s strategy will look to capture market inefficiencies across the developed markets’ universe of more than 6,000 stocks through a quantitative model-driven fundamental and behavioural based stock selection process. The aim is to produce consistent risk-adjusted returns with
Chicago Board Options Exchange (CBOE) has launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of sentiment-based strategy benchmark indices designed to capitalise on short-term market momentum based on Social Market Analytics’ (SMA) social media metrics.
The CBOE-SMLCW Index is reconstituted every Friday at 8:30 a.m. CT, representing a longer duration portfolio than the CBOE-SMA Large-Cap Index (SMLC), which is reconstituted daily.
CBOE launched the CBOE-SMA Large-Cap Index, the first of its sentiment-based benchmark indexes that measure market momentum based on SMA’s social media metrics, in August.
Similar to the first SMLC Index, the
Alternative credit investment firm Crescent Capital Group has held the final close of Crescent Mezzanine Partners VII with commitments of over USD4.6 billion, surpassing the fundraising target of USD3 billion.
Fund VII’s limited partners include a diverse mix of global investors from more than 20 countries including sovereign wealth funds, pension funds, insurance companies, financial institutions, foundations and endowments.
The closing represents the largest mezzanine offering in Crescent Mezzanine’s history. Thus far, Fund VII has deployed or committed approximately USD900 million across nine transactions.
“This fundraise is a significant milestone for our firm and speaks to the strength
