Funds
The USD1bn Club, the group of institutional investors which has committed more than USD1 billion to hedge funds, has seen a net growth of 11 participants since 2015, and now includes 238 members, according to Preqin.
Forty institutions have joined this group of the largest hedge fund investors, while 29 have fallen out of the USD1bn Club after reducing their exposure to the industry.
Although investors in the USD1bn Club account for just 5 per cent of all active hedge fund investors, they represent just under a quarter (24 per cent) of the total USD3.13 trillion AUM held by
Investors allocated a net USD6.57 billion into hedge funds in May, according to eVestment’s latest Hedge Fund Industry Asset Flows Report. The pre-Brexit vote inflow, biased toward US-domiciled funds over Europe and Asia, followed a very slight inflow in April.
This two-month string of positive net investor interest, the industry’s third in the last four months, helped to lift total industry AUM back over the USD3 trillion mark for the first time in 2016.
The report reveals that commodity strategies continue to be in favour, with USD1.2 billion added in May. Macro fund flows shifted firmly positive, multi-strategy fund flows rebounded and investor
The publication of this Guide comes as shockwaves from the UK's decision to withdraw from EU membership continue to reverberate across the world, raising several challenges for UK-based asset managers distributing across the EU.
As Bobby Johal, Managing Consultant, Cordium, notes: "UCITS funds will still be distributed across Europe, but not in quite so straightforward a manner as is the case presently. UK UCITS will lose their status (under the UCITS directive) and most likely become alternative investment funds (AIFs). If we assume the UK is to be a `third country' (the so-called WTO option: a big assumption, subject to
HIG Bayside Capital, the distressed debt and special situation affiliate of private equity firm HIG Capital (HIG), has closed the HIG Bayside Loan Opportunity Fund IV with aggregate capital commitments of USD1.1 billion, exceeding its USD1.0 billion target.
The fund will continue HIG’s investment strategy of focusing on investments in small-cap special situation credit opportunities in the US.
Sami Mnaymneh (pictured) and Tony Tamer, co-chief executives of HIG, say: “We are grateful for the support from our investors for this offering. The strong response to the fund reflects their confidence in the capability of our team and our differentiated
The board of directors of Alpine Select has taken the decision in principle to reduce in medium-term its exposure in hedge funds – held directly as well as indirectly via its majority holding in ALTIN – and to increasingly focus on traditional topics and/or investment strategies.
Currently, Alpine Select holds directly or indirectly a total of 61.21 per cent in ALTIN Ltd, Zug.
As ALTIN has announced on 30 May 2016 as well as on 21 June 2016, the repayment in the amount of total CHF24 per share as proposed by Alpine Select and decided by the shareholders of ALTIN is
GAM is to launch a new merger arbitrage strategy in July, subject to regulatory approval, which will focus on inefficiencies in the market prices of companies that may occur after the announcement of corporate events such as mergers, acquisitions or spin-offs.
Arbitrage opportunities may also arise after company-specific news, such as the inclusion of its shares in major market indices. Events like these offer the potential for risk arbitrage, and the strategy aims to exploit a set of low-risk opportunities to generate alpha.
Risk management is embedded in the portfolio construction by keeping a suitable level of diversification across
The long-term impact of the historic decision by the United Kingdom to leave the European Union on 23 June will take investors and analysts time to fully quantify but there is no question that over the short-term, ‘Brexit’ is going to create ripples of volatility.
The sterling, which many anticipated would bounce on the news of a Remain vote, slumped to a 31-year low against the US dollar, falling as low as USD1.3228.
An estimated USD3trillion was wiped off global market indices over the course of two days, leading the FTSE 100 to fall as much as 8.7 per cent
Registered investment advisory firm SJL Capital has launched its maiden hedge fund, SJL MarketDNA Hedge Fund LP, which began trading in May and has a live track record.
It is currently domiciled in California.
SJL Capital’s portfolio manager Matthew Rossi (pictured) says the fund employs an equity long/short strategy that takes advantage of opportunities and events to managing its hedge fund with the objective of providing above average returns with low volatility.
SJL Capital sees its fund as "having an advantage over other hedge funds by applying the proprietary quant algorithm called MarketDNA."
The algorithm has 20
FactSet Research Systems has completed the sale of its market research business, consisting of Market Metrics and Matrix Solutions, to Asset International, a portfolio company of Genstar Capital.
Upon completion of the sale on 1 July 2016, FactSet received USD165 million in cash, less certain adjustments including a customary working capital adjustment.
Upon the achievement of certain growth targets over the next two years by the market research business that has been sold, FactSet would be entitled to an additional earn-out of USD10 million.
City Financial Investment Company has acquired management of the Convex Strategy, with current assets of USD180 million, from Fortress Investment Group in Asia.
The strategy will be managed by chief investment officer David Dredge and the investment team who join City Financial’s regulated entity in Singapore and managing director Julian Ings-Chambers in London.
The acquisition further expands City Financial’s Asian business alongside the Asian macro team based in Hong Kong and the Japanese equities team.
David Dredge has 25 years of Asian investment experience. Prior to joining Fortress in 2011, he was a managing director and portfolio manager
