Funds
AltX, the San Francisco based hedge fund intelligence platform, has launched AltX Estimates, providing clients with return data on more than 17,000 funds, including performance data on over 80 per cent of the ‘Billion Dollar Club’ funds.
AltX Estimates delivers performance estimates for funds, even those that have not publicly shared their returns. The proprietary model leverages information from regulatory filings combined with other data and techniques proprietary to AltX.
The process does not use 13F data as an input. Examples of fund managers in the data set include DE Shaw, Farallon, Taconic, Eton Park, Viking, and hundreds of
Activist Insight, a provider of news and data on shareholder activism around the world, has acquired New York-based data-provider Activist Shorts Research.
Activist Shorts Research, founded in 2014 by Adam Kommel (pictured) and Wayne Gerard, profiles over 100 activist short-sellers who publish research illustrating why they activist believe stocks are overvalued. These investors have become increasingly prominent in recent years after targeting the likes of Herbalife and Valeant Pharmaceuticals International.
The combination will broaden Activist Insight’s coverage of this area, while giving Activist Shorts customers access to live news coverage and opportunities to enjoy Activist Insight’s current suite of
The open-end structure of most investment vehicles discourages asset-managers from trading against mispricing – to the detriment of investors and market efficiency, Oxford University research has shown.
“The findings from my study, co-authored with Professor Mariassunta Giannetti from the Stockholm School of Economics, raise the question of why so many financial institutions are open-ended, when the structure actually incentivises against arbitrage,” says associate professor of finance Bige Kahraman (pictured), Saïd Business School, University of Oxford. “An open-end structure, in which investors can react to perceived under-performance by withdrawing capital, leads to short-termism and a persistent over- or under-valuing of assets.”
Sprott Asset Management, a USD10 billion Toronto-based alternative asset manager, has rolled out a second iteration of the firm’s private credit trust strategy, Sprott Private Credit Trust II, with hedge fund specialist Arif N Bhalwani.
Bhalwani is the chief executive officer and managing director of Third Eye Capital Management, a sub-adviser to Sprott Asset Management.
Sprott Private Credit Trust II focuses on identifying short-term opportunities primarily in North American companies that are otherwise unable to access financing.
The strategy of the fund is to invest in underlying funds that hold an actively managed portfolio of asset-based loans that will be focused on private and public companies, primarily in Canada and the US, that are otherwise unable to
RSRCHXchange, the online marketplace for institutional research, has formed a strategic partnership with Substantive Research, an independent curator of daily macroeconomic investment research for asset managers and asset owners.
The partnership will close the gap between new research and point of sale. The daily Substantive Research Briefings highlight to portfolio managers the latest macro research and will now link to the RSRCHX platform, enabling them to procure the reports in real time.
Substantive Research helps investors find the best top-down research quickly by curating and distributing daily briefings that summarise five of the highest quality macroeconomic, allocation and strategy
The global hedge fund industry returned an average of +0.86 per cent in June and finished up the second quarter at +2.09 per cent, according to the June/2Q 2016 eVestment Hedge Fund Performance Report.
The overall positive returns for hedge funds and very strong returns in some specific segments highlighted the value hedge funds can offer investors during volatile market conditions.
And while the impacts on hedge funds of the late June BREXIT vote aren’t entirely clear yet, the report does note some challenges as a result of the uncertainty in European and world markets the late June referendum
Total assets managed by the top 100 alternative investment managers globally reached USD3.6 trillion in 2015, up 3 per cent on the prior year, according to research produced by Willis Towers Watson.
The Global Alternatives Survey, which covers ten asset classes and seven investor types, shows that of the top 100 alternative investment managers, real estate managers have the largest share of assets (34 per cent and over USD1.2 trillion), followed by hedge funds (21 per cent and USD755 billion), private equity fund managers (18 per cent and USD640 billion), private equity funds of funds (PEFoFs) (12 per cent and
Farallon Capital Management has completed fundraising for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III, an Asia and Latin America focused private investment pool, with aggregate commitments of USD1.12 billion.
"We are very excited to begin investing FASS III and want to thank all of our investors for their continued commitment to Farallon. We take pride in providing flexible and strategic capital solutions to entrepreneurs, key families and business groups, even in a challenging business environment. We look forward to partnering with them to capitalise on the robust opportunity set that we see in Asia," says
HIG Bayside Capital, a credit affiliate of HIG Capital, has held the first close of IDeA CCR (Corporate Credit Recovery) I Fund, an investment platform managed by IDeA Capital Funds SGR (IDeA), at EUR260 million.
The fund, which comprises two sub-funds – a Credit Fund and a New Money Fund – will invest in Italian mid-sized enterprises in distressed situations, aiming to help them restructure and turnaround, and consequently help banks maximise the recovery of their original loans.
The Credit Fund consists of the loans in eight companies contributed by seven leading banks in Italy: UniCredit, BNL/BNP Paribas, Banca
Apex Fund Services has seen its biggest growth month in the firm’s history by taking on USD2.7 billion worth of new business in June 2016, 60 per cent of which was converted from other fund administrators.
The Apex Group added 36 funds to its client base in during the month with an average fund size of USD75 million. This equates to a 7 per cent increase in assets under administration.
Peter Hughes (pictured), founder and chief executive officer, Apex Fund Services, says: “We’ve faced a tough time as an industry over the past twelve months, with the last month
