Funds
The US is the dominant component of the global hedge fund community, accounting for 72 per cent of the approximately USD3.1 trillion of global assets under management (AUM), as of 30 June 2016, according to data released by Preqin.
Although other regions are emerging as regards hedge fund activity, the US is home to 3,170 of the 5,092 (62 per cent) institutional investors active in hedge funds, and 3,209 of the 5,377 (60 per cent) active hedge fund managers tracked by Preqin.
The US hedge fund industry has also seen strong growth in recent years, increasing by USD13 billion
Geraud Charpin (pictured), Portfolio Manager, BlueBay Asset Management discusses how risk assets struggle to gain impetus as investors turn their attention to negative newsflow…
The uneventful meetings from the Bank of Japan (BoJ) and the Federal Reserve (Fed) earlier in September were broadly seen as a green light for risk assets, confirming that the largest actors behind the rise in asset valuations were still intent on keeping rates/yields at ultra-low levels.
In the context of benign global economic data, continued stimuli in China, stabilised commodity prices and some repair work being carried out in emerging market countries, the very
Much is made of '40 Act alternative mutual funds but with their myriad investment restrictions and daily liquidity provisions, the lesser-known registered private fund could be a more compelling proposition for hedge fund managers.
This is the view held by Tony Fischer, President of UMB Fund Services, whose Registered Fund Services platform provides a full turnkey solution for establishing and running a registered hedge fund.
"We put the turnkey platform together over four years ago and there has been steady demand for these types of structures. Liquid alternatives haven't exactly lived up to people's expectations. The can only hold up
Global assets under management (AUM) linked to firms that have become signatories to the Principles for Responsible Investment (PRI) rose 195 per cent to USD62 trillion in April 2016 from USD21 trillion in 2010.
Investor expectations and regulations are driving demand for sustainable investing, says Moody’s Investors Service.
“Integrating ESG criteria into investment decisions should limit risks within portfolios and contribute to lower volatility and better performance in the long run. The effectiveness of these strategies however will have to manifest through the cycle, as well as across teams and strategies,” says Marina Cremonese, a vice president at Moody’s.
Latitude Investment Management (Latitude), an investment management firm recently founded by Freddie Lait (pictured), has launched it first fund, The Latitude Horizon Fund, which will spin out of Odey Asset Management in early November.
The Latitude Horizon Fund (UCITS V) is a global long only Diversified Growth Fund targeting absolute returns, with lower volatility and lower fees.
The Latitude Horizon Fund will invest in a concentrated portfolio of stocks which have high-quality business characteristics and strong, or improving, industry dynamics. Alongside this, non-equity investments will be made to generate uncorrelated returns, reducing risk without compromising performance. The relative allocation
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has reported year-on-year growth of over 30 per cent up to the end of the third quarter of 2016.
The company’s employee count also exceeded 100 as it expanded its footprint in the Boston, Los Angeles and San Francisco markets.
“Year-over-year, Abacus has added 40 new clients, including firms in the United Kingdom and Sweden,” says CEO Chris Grandi (pictured), who founded Abacus in 2008. “We have also tripled our data centre capacity to meet the increasing demand for our services.”
Grandi adds that Abacus’s
RiverNorth Capital Management has launched the RiverNorth/DoubleLine Strategic Opportunity Fund, a closed-end fund that opportunistically invests in fixed income securities and tactically invests in closed-end funds.
The fund debuted on 28 September on the NYSE under the symbol OPP.
RiverNorth serves as the fund’s investment adviser and DoubleLine Capital serves as sub-adviser to the fund.
“We are extremely excited to again partner with DoubleLine to add another unique multi-manager strategy to RiverNorth’s existing portfolio of closed-end fund offerings,” says Patrick Galley (pictured), RiverNorth’s chief investment officer. “The fund will leverage RiverNorth’s and DoubleLine’s long performance track records across
UK-based independent AIFMD depositary INDOS Financial has recorded a 160 per cent increase in assets under depositary from September 2015 to end-September 2016 of USD8 billion to a total of USD13 billion. In the same period, client relationships have grown 70 per cent to 45.
INDOS CEO Bill Prew believes that the growth has come as a result of an increasing recognition by investment managers and investors of the value offered by an independent depositary.
“The value of the depositary beyond meeting regulatory compliance obligations should not be discounted,” says Prew. “Many managers initially viewed the appointment of a depositary as a
BNP Paribas Investment Partners has completed the EUR500 million final close of the BNP Paribas European SME Debt Fund, attracting a range of European institutional investors.
The fund finances small and medium sized enterprises in Europe through a solution combining bank lending and fund financing.
Strong demand has resulted in the fund reaching its target of EUR500 million at first close, offering institutional investors, including insurers and pension funds, access to an innovative way to diversify their credit exposure.
Included in the investors are AG2R La Mondiale, BNP Paribas Cardif, CNP Assurances, l’ERAFP, Federal Finance Gestion (on behalf
The hype for blockchain is over and real world results must now be achieved, according to TABB Group’s latest research, “Demystifying Blockchain.”
The report details how a clearer vision and execution path for blockchain is emerging, but that the technology is only a piece of the puzzle for a next generation data solution.
“There have been dozens of conferences, tens of thousands of words written, multiple consortiums created and many experiments conducted in blockchain over the course of the last 18 months and what have we learned?” asks TABB principal and head of fintech research Terry Roche (pictured), who
