Funds
BroadRiver Asset Management has held the closing of BroadRiver II, with committed capital of USD366 million.
The life settlement fund includes commitments from a broad range of institutional investors, including public and private pension plans, insurance companies and large family offices in North America, Europe, the Middle East and Australia.
"We're pleased with the response to our most recent fund from existing and new investors," says Andrew Plevin (pictured), co-CEO of BroadRiver Asset Management. "The breadth and diversity of our limited partner investors affirms the confidence of institutional investors in life settlements. Institutional interest in this space has expanded dramatically in
Northleaf Capital Partners has launched a global private credit programme, with more than USD1.4 billion in capital raised from a core group of Canadian pension plans.
Northleaf’s global private credit strategy provides investors with diversified exposure to private credit investments and offers flexible debt financing solutions to privately held companies.
Northleaf’s global private credit fund, Northleaf Private Credit I, held a successful first closing and will provide investors with diversified exposure to private credit investments including senior, unitranche, second lien, mezzanine and subordinated loans in North America, the UK, Western Europe and Australia, with a primary focus on private
Palmer Square Capital Management, a credit and alternatives investment manager, has launched an ultra-short duration investment grade strategy in a mutual fund format, Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX).
Christopher D Long, president of Palmer Square Capital Management, says: "Given the lack of true ultra-short duration funds as well as the changes which have occurred with money market funds, we have had demand from our investors to access our ultra-short duration strategy in mutual fund format. We believe that the Fund offers investors a unique alternative to traditional shorter duration investments, in that, our strategy seeks low interest
Law firm Mourant Ozannes has advised 836 funds in Jersey with an overall value of USD302 billion, nearly triple the value of funds advised by its nearest competitor, according to independent annual research by Monterey Insight.
Mourant Ozannes leads the tables across all major categories, including largest legal advisers by total number of funds, and by fund assets.
Ben Robins (pictured), Jersey-based global head of funds at Mourant Ozannes, says: "This year's report evidences continued growth in our market share during a period of market volatility, indicating that Jersey's industry remains healthy and is capable of adapting quickly in
Polen Capital is to add an international growth strategy to its suite of products in early 2017, providing clients with another access point to the firm’s bottom-up, concentrated investment philosophy and process.
Todd Morris (pictured), director of research at Polen Capital, has been appointed as portfolio manager of the new international growth strategy, effective December 2016.
In his role as director of research, Morris was responsible for globalising the firm’s research effort and leading the execution of research for the focus growth and global growth strategies.
Brandon Ladoff, who joined Polen Capital in 2013 and has served as
Fund governance firm DMS Governance and ABR Dynamic Funds have launched the ABR Dynamic Blend Equity and Volatility Fund on the DMS UCITS Corrib ICAV platform.
The ABR UCITS seeks to provide investors with participation in an equity bull market while also potentially providing positive absolute returns in an extended period of market crisis.
"DMS is very pleased to have partnered with a manager of the calibre of ABR to facilitate their European fund and distribution strategy. This demonstrates their commitment and confidence in DMS's product and people and we look forward to a successful and long standing relationship,"
The hedge fund industry saw its lengthy run of positive performance taper off in October, as funds recorded net returns of just 0.01 per cent, according to data released by Preqin.
Most leading strategies recorded modest gains, with credit strategy funds returning 0.84 per cent, and relative value funds returning 0.49 per cent.
However, equity and event driven strategy funds both saw losses, returning -0.27 per cent and -0.26 per cent respectively, contrasting with their position as the highest-performing leading strategies in September.
While most commingled hedge fund benchmarks were close to 0.00 per cent in October, other
Hedge funds declined 0.48 per cent in October – their first monthly loss after seven straight months of gains, according to the latest figures released by EurekaHedge.
Despite being in the red this month, hedge funds have outperformed underlying markets, with the MSCI AC World Index (Local) down 1.38 per cent in October.
On a year-to-date basis, hedge funds were up 2.85 per cent with roughly 20 per cent of managers posting double digit returns compared with 15 per cent over the same period last year.
While the US Presidential Elections loomed in the background, markets moved in the
Accountancy firm MHA MacIntyre Hudson has acquired KP Audit, a provider of audit services to the investment management industry, including hedge funds, asset management firms and captive insurance companies.
Founded in 2005, KP Audit has a professional staff of 20 in offices in London and the Cayman Islands.
KP’s audit clients comprise approximately 150 investment funds in various jurisdictions, both offshore (primarily the Cayman Islands but also the British Virgin Islands and Delaware) and onshore in the UK. It also has 60 UK investment manager, broker and adviser and arranger clients, primarily operating in London.
KP’s London team
ENSO Financial Analytics, a portfolio finance and treasury solution for hedge funds and prime brokers, has received the ISO (International Organisation for Standardisation) 27001:2013 Certification from EY CertifyPoint.
This international certification specifically addresses ENSO’s Information Security Management System (ISMS) for all of ENSO solutions, validating that security policies for these applications have undergone in-depth testing and external independent audits and have met or exceeded the guidelines.
“We are proud to be awarded this highly-regarded certification that highlights ENSO’s best practices for managing company data and security management,” says Matthew Bernard (pictured), chief executive officer at ENSO.
ISO 27001:2013 is
