Funds
Nuveen, an operating division of TIAA Global Asset Management, has completed the liquidations of the Nuveen Diversified Commodity Fund (CFD) and the Nuveen Long/Short Commodity Total Return Fund (CTF).
As previously announced, each fund’s shares ceased trading and were delisted after the close of business on Friday, 23 December, 2016.
Access to Schedules K-1 and information for the funds’ 2016 tax year is expected to be provided by the end of the first full week of March 2017, and will be made available on Nuveen’s website. In accordance with Commodity Futures Trading Commission rules applicable to the funds, each fund
Japan Macro Advisors (JMA), whose clients include a few of the world’s largest hedge funds and global manufacturing companies, has launched "My Charts," a set of web-based analytical tools to help economists and decision makers stay on top of the Japanese economy.
Building upon the free and constantly updated economic database JMA provides to the public, My Charts functions as a personal chartbook that is east to maintain and can be converted instantly to PowerPoint slides.
"Economists and analysts such as myself spend too much time not analyzing, but searching and downloading data, updating charts and tables, copy-pasting them to presentation
The Lyxor Hedge Fund research team reports that November was an eventful month for investors. “The victory of Donald Trump at the US presidential election surprised pollsters and proved supportive for risk assets, against expectations. The MSCI World was up 2.7 per cent while fixed income markets continued to experience headwinds as the improved growth outlook led to a rise in bond yields.
“Hedge funds were cautiously positioned ahead of the US election and as a result failed to capture the market rebound. The Lyxor Hedge Fund Index was down 0.4 per cent in November as the rise in bond
Vistra, a corporate service providers of international incorporations, trust, fiduciary, and fund administration services, has acquired the Jordans Group from its current shareholder, The West of England Trust Limited.
Founded in 1863, Jordans comprises four companies: Jordans Limited, Jordans (Scotland) Limited, Jordans Corporate Law and Jordans Trust Company.
Its headquarters are located in Bristol, where most of its 160 global staff are based. Offices are also located in Edinburgh and London, as well as in the BVI, Cyprus, Seychelles, and Hong Kong.
Vistra’s Jonathon Clifton, group managing director, company formation, says: “We have admired the Jordans business for
AlphaCentric has launched the AlphaCentric Hedged Market Opportunity Fund (HMXIX), a mutual fund converted from a hedge fund previously available only to accredited investors.
HMXIX provides an options-rooted strategy, making long and short investments in call and put options on instruments that reflect the S&P 500 and its volatility.
Using an algorithm developed via artificial intelligence programmes to analyse market data, the fund employs a systematic, rules-based options strategy that includes premium collection, volatility trading and trend following. The investment strategy seeks to mitigate risk by staggering position maturity dates and utilising exchange-traded options guaranteed for settlement.
“The
The Eurekahedge December report on hedge funds reveals that over November 2016 hedge funds were up 3.53 per cent for the year, posting better performance compared to a modest 1.73 per cent gain over the last year.
The asset base for the industry contracted USD10.4 billion in 2016, on the back of steep redemption pressure with net outflows totalling USD28.2 billion for the year, Eurekahedge writes.
Almost 13 per cent of billion dollar hedge funds posted double-digit gains in 2016, compared to 8 per cent in 2015. Among the sub-billion dollar hedge funds, almost 20 per cent returned double-digit performance
Azabu Value Partners (Cayman) has launched the Azabu Value Master Fund, a Japan-focused fundamental equity long/short strategy under the umbrella of Rogers Investment Advisors.
The fund is managed by June-Yon Kim and Oleg Zuravljov, former Fidelity Japan colleagues with nearly four decades of combined experience in Japanese equities.
Michael O’Flynn, head of business development and a long time financial markets veteran, serves as managing director of Azabu Value Partners (Cayman), the general partner of the fund.
The fund employs a fundamental bottom-up strategy, investing in Japanese larger capitalisation stocks. The strategy is enhanced by a derivative overlay and
Fortress Investment Group is to acquire a significant portion of a EUR17.7 billion portfolio of non-performing Italian loans from UniCredit.
At closing, the UniCredit transaction will represent the largest ever non-performing loan (NPL) transaction in Europe.
Fortress began investing in Italian loans and loan servicing in 2000, with its investment in Italfondiario, which was subsequently transformed from a mortgage bank into a specialised loan management company.
Fortress’s other major transactions include its acquisition in 2005 of EUR13 billion in NPLs from Intesa banking group, and in 2015 the acquisition of specialised servicer UniCredit Credit Management Bank (renamed doBank).
Hedge funds recorded gains of 0.63 per cent in November, according to UMass Amherst’s Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM) Flash November Equally Weighted Hedge Fund Index.
This brings the year-to-date return to 5.43 per cent. The full version of the index will be released on 23 December.
The Morningstar CISDM Database (formerly the MAR Database) is the oldest Hedge Fund and CTA database in the market. Tracking qualitative and quantitative information for more than 5,000 hedge funds, funds of funds and CTAs since 1994, it is the only database associated with a
Perhaps it is apt that Protégé Partners, LLC is located above the world-renowned Museum of Modern Art in New York given that its modus operandi is to find the best and most creative talents in the hedge fund industry.
Some seed investors look for portfolio managers with proven skills in investing, not running businesses or dealing with clients.
"We want them to do all three. We want them to be great portfolio managers/analysts, great at running a business, great at dealing with clients: we want the whole package. We are looking for Renaissance men and women who are multi-talented," says Jeffrey
