Funds
Systematic alternative investment manager Devet Capital Investments has received a license from the US National Futures Association enabling it to extend the marketing of the Devet Capital Absolute Return Strategy to American investors.
In the UK, Devet is authorised and regulated by the Financial Conduct Authority. Devet Capital Investments, founded by Irene Perdomo, formerly of Noble Resources Singapore and Barclays London, and Leonardo Marroni, formerly of GLG Partners and Barclays London opened to external investment in September 2015 and has raised some USD27 million in 12 months from a diverse group of investors interested in participating in Devet’s market neutral,
The European Energy Exchange (EEX) has conducted the first primary market auction under the new CAP2 contract on behalf of the participating 25 EU member states.
In the auction, 3,664,000 EU Allowances (EUAs) were sold at a price of 4.02 Euro/EUA.
The total bidding amount was 6,705,000 EUA which means that participants demanded more than two-fold the determined volume.
In July, the European Commission has signed a contract with EEX and its clearing house European Commodity Clearing (ECC) for running European-wide primary market emissions auctions for another period of up to 5 years. Until the end of this
Aristotle has launched the Aristotle Value Equity Fund, which will be managed by Aristotle Capital Management.
The institutional no-load share class will trade under the symbol ARSQX.
The objective of the fund is to maximise long-term capital appreciation with a focus on seeking capital preservation over complete market cycles.
The investment philosophy applies a fundamental, bottom-up security selection process to a universe of companies with market capitalisations typically in excess of USD2 billion at initial investment.
The fund holds approximately 35 to 45 investments in what Aristotle Capital believes to be high-quality businesses trading at meaningful discounts
Ashburton’s India Equity Opportunities Fund has reached USD100 million in assets under management (AUM) just ahead of its four-year anniversary.
The fund, which has outperformed its benchmark by more than 60 per cent over the past three years, is managed by Jonathan Schiessl, Simon Finch and Craig Farley.
Schiessl, chief investment officer of Ashburton’s international business, is ranked in the top five India equity managers globally and rated AAA by Citywire. Investment research company Morningstar has given the fund 4 stars for its three-year track record.
The fund, part of the Ashburton Investments Luxembourg-domiciled SICAV range, also recently
STOXX, the operator of Deutsche Boerse Group’s index business, has held its regular annual review of the STOXX Blue-Chip Indices, among them the STOXX Europe 50, EURO STOXX 50 and STOXX Nordic 30 indices.
The company has also held the second semi-annual review of the STOXX Eastern Europe 50 Index.
All changes will be effective with the open of European markets on 19 September 2016.
The following stocks will be added to the EURO STOXX 50 Index: Adidas (Germany, personal & household goods); Ahold Delhaize (Netherlands, retail); and CRH (Ireland, construction & materials). The following stocks will be
Twelve Capital Group has launched its insurance equity strategy.
The portfolios launched to date have a focus on M&A activity in the insurance sector and are designed to offer investors access to the attractive investment opportunities across the entire (re-)insurance balance sheet.
The launch further complements Twelve’s existing strategies, insurance-linked securities and insurance debt, which the firm has been running for several years.
Urs Ramseier (pictured), managing partner and CEO of Twelve Capital Group, says: “Twelve was established with the aim of providing institutional investors access to the interesting investment opportunities across the insurance balance sheet. After ILS
Portfolio diversification is paying off again, rewarding volatility-weary advisers with higher, more stable returns and lower risk, according to the latest quarterly Portfolio Clarity Trends Report published by Natixis Global Asset Management.
The most broadly diversified investment portfolios performed best for the period ending June 30 2016. Diversification levels rose, largely because of increasing usage of alternative strategies, which reached a three-year high in the second quarter.
“The trends we’re seeing suggest the return of more traditional market dynamics, where investors are rewarded with enhanced returns for taking diversified risks,” says John Hailer (pictured), CEO of Natixis Global Asset
The hedge fund industry saw net outflows of USD34 billion over the first half of 2016, with the majority of outflows (USD20 billion) occurring in the second quarter, according to Preqin.
As a result, as of 30 June 2016 the hedge fund industry represented a total of USD3.11 trillion in assets under management, down from USD3.14 trillion at the end of 2015.
Among leading hedge fund strategies, credit and equity strategy funds suffered the greatest outflows in H1, totalling USD26 billion and USD25 billion respectively. By contrast, CTAs increased their AUM by 11 per cent over the first half
Gemini Alternative Funds has surpassed USD500 million in invested assets on its Galaxy Plus Fund managed account platform (MAP) as of August 2016.
The Gemini Companies provide investment companies with a single point of access to multiple solutions for pooled investment products.
The individual service firms within The Gemini Companies are Gemini Fund Services, Gemini Hedge Fund Services, Gemini Alternative Funds. They offer fund administration, accounting, technology, compliance and reporting. The Gemini Companies are backed by parent company NorthStar Financial.
"At a time when the demand for access to alternative strategies continues to increase, our platform enables investors
BGC Partners, a provider of brokerage services to the financial and real estate markets, is to acquire Perimeter Markets, an independent provider of electronic fixed income and futures trading in Canada, through its CBID platforms.
"This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace," says Shaun Lynn, president of BGC Partners.
Details of the transaction, which is subject to regulatory approval, have not been disclosed.
Perimeter Markets offers electronic and hybrid broking services in Canadian fixed income securities and futures. The firm operates from its office in Toronto. Perimeter Markets is regulated
