Funds
Imagine Software, a provider of front-to-back office risk and portfolio management to asset managers, investment banks, prime brokers, hedge funds, and institutional investors, has been voted Best North American Risk Management Software Provider in the 2016 Hedgeweek USA Awards.
Winners were based on a peer review system where the publication's readers – including institutional investors, wealth managers and fund managers – vote for the provider they feel is best in class.
"We are honoured that Hedgeweek's readers felt so strongly about our technology – which is designed with adaptability and ease of use for the end user in mind,"
London-based alternative manager Selwood Asset Management is marking its first anniversary since launch and has had an increase in assets to USD350 million.
Selwood AM is focused on liquid Investment Grade Credit in Europe and North America. The strategy aims to maintain a market neutral profile while embedding tail hedge features against extreme market scenarios. The firm was founded in 2015 by credit specialist Sofiane Gharred, and in January 2016 Selwood brought in Malcolm Butler (ex-Citi and COMAC Capital) to build out the business.
Now Sofiane Gharred and Malcolm Butler head-up a team of 11 professionals, bringing with them
Wedbush Securities’ prime brokerage team has been voted "Best North American Hedge Fund Research Provider" at the Hedgeweek USA Awards 2016.
The annual awards ceremony, which took place in New York, recognises excellence among service providers and hedge fund managers globally, and acknowledges distinction in over 50 award categories.
The awards are determined by a "peer review system," where industry professionals, including managers at fund administrators, institutional and high net-worth investors, prime brokers, and advisers, elect a "best-in-class" in a series of categories (http://www.hedgeweek.com/awards).
"We are honoured and greatly appreciate the recognition we have received from Hedgeweek USA,"
Gemini Alternative Funds has won the 2016 Hedgeweek USA Award for Best North American Managed Account Platform.
Representatives from Gemini Alternative Funds were on hand to accept the award at a ceremony in New York City on 15 September 2016.
Institutional investors and fund managers who read Hedgeweek voted online to choose winners of the publication's annual awards. Gemini Alt's dedicated managed account offering and its Galaxy Plus Fund Platform offering received more votes from these audiences than any other contender in the North American managed account platform category. Gemini Alt's platform was launched in November, 2013 and services
KCG Holdings has completed the acquisition of Neonet Securities, an independent agency broker and execution specialist based in Stockholm, Sweden.
The Neonet business, which will operate as a subsidiary of KCG and be renamed KCG Neonet, will continue to be based in Stockholm and led by CEO Tim Wildenberg.
KCG Neonet provides clients with global execution services and capabilities, leveraging KCG’s expanded foothold in continental Europe and the technologies of both businesses.
Philip Allison, chief executive officer of KCG Europe, says: “Neonet’s talented team of specialists and commitment to client service make them an ideal strategic
Lyxor Asset Management has expanded its alternative UCITS offering by teaming up with Kingdon Capital Management to launch the Lyxor/Kingdon Global Long-Short Equity Fund.
The launch sees Kingdon become the first global equity manager with daily liquidity on Lyxor’s UCITS platform.
The fund focuses on improving the equity diversification of investors’ portfolios by maintaining a portfolio invested across different geographies and industries, using a combination of long and short investments and actively managing the fund’s market exposure. The fund seeks to achieve attractive risk-adjusted returns with lower volatility than equity markets.
With a performance history of more than
Hedge fund launches and liquidations both declined in the second quarter, as hedge funds posted steady gains through a volatile quarter, driven largely by the Brexit vote.
New hedge fund launches totalled 200 in Q2 2016, down slightly from 206 in the prior quarter and 252 in Q2 2015, according to the latest HFR Market Microstructure Report.
Hedge fund liquidations totalled 239 in Q2 2016 compared to 291 in the prior quarter and 200 liquidations in 2Q 2015.
Liquidations exceeded launches for the third consecutive quarter, but the recent data shows the narrowest margin of contraction (39 funds)
Alternative asset manager Tages Capital has launched the Tages Alternative Risk Premia Fund with over USD100 million of capital from European institutional investors.
The Dublin domiciled ICAV fund’s strategy has been developed to provide an attractive risk adjusted return profile, aimed at delivering uncorrelated returns to traditional asset classes.
Berouz Fatemi, portfolio manager and head of quantitative strategies, says: “The analysis of alternative risk premia, and the specific risk factors contributing to the hedge funds’ returns, have always been at the core of Tages’ manager selection and portfolio construction. It is therefore a natural step for Tages to establish
Systematic investment manager Aspect Capital has extended its range of funds available to investors with the launch of the lower fee, lower volatility Aspect Core Trend Fund.
The fund, which started trading on 13 September, has received approximately USD100 million in seed capital from a European institutional investor.
The investment vehicle is structured as an Irish Collective Asset Management Vehicle (ICAV) – also known as a Qualifying Investor Alternative Investment Fund (QIAIF) – with Aspect leveraging its scalable existing technology and infrastructure to allow the fund to trade in a cost-effective way.
It aims to deliver pure momentum-based
Although California is best known for its venture capital industry, the state has seen marked growth and diversification of its alternatives market, as other private capital and hedge fund managers are drawn to the area, according to Preqin.
The number of active California-based private capital firms has more than trebled since the start of 2000, and there are now a record 949 active fund managers. Additionally, 233 hedge fund managers have been incepted in the state since 2010, leading to the launch of 750 new hedge funds.
Unsurprisingly, the growth in the number of California-based managers has led to
