Funds
AlphaSense, provider of the AlphaSense search engine for financial professionals, has secured USD33 million in growth capital from Tribeca Venture Partners, Triangle Peak Partners, and Quantum Strategic Partners – a private investment vehicle managed by Soros Fund Management – as well as notable individual investors such as Tom Glocer, formerly CEO of Thomson Reuters.
AlphaSense launched its service in 2011 and today serves more than 400 investment firms, banks and corporations globally. AlphaSense will use the new capital for product advancement and for accelerating its growth in serving its core investment research and corporate intelligence markets, as well as its
Babson Capital Management, its subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management, and Baring Asset Management Limited, are planning to combine operations under the Barings brand.
The combination will create a global, multi-asset investment management firm with over USD260 billion of assets under management, offices in 20 countries, and over 1,700 professionals. The firm will be led by Tom Finke, current Chairman and CEO of Babson, and will be headquartered in Charlotte, North Carolina.
David Brennan, Chairman and CEO of Barings, who will retire as planned during the summer of 2016, says: “This is an exciting opportunity
Mill Hill Capital has chosen and implemented Fund-Studio as its front to back office portfolio management, investor reporting and shadow accounting platform.
Objecutive, the provider of Fund-Studio, has implemented the platform with Mill Hill as a hosted solution leveraging the strong back up and support capabilities of Objecutive’s infrastructure.
Mill Hill Capital is a differentiated alternative investment management adviser that focuses on beta neutral strategies and identifies market dislocations during periods of volatility. Mill Hill Capital focuses on investments in corporate and securitised assets including bonds, credit default swaps and credit indices.
David Meneret, Chief Investment Officer and
The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, has launched a set of Due Diligence Questionnaires (DDQs) for hedge fund directors.
These are the first set of AIMA DDQs – questionnaire templates that fund managers and investors use during their due diligence processes – relating to fund directors. They were produced by a working group of more than 30 AIMA member firms who consulted with investment managers, investors, individual directors and professional director services firms globally during the drafting process.
There are three versions of the new DDQ – an Illustrative Questionnaire for
DST kasina, a provider of data-driven insights and distribution solutions to financial companies around the world, thasoday released its fourth quarter DST kasina Asset Manager Composite results.
According to the report, operating margins for the 16 asset management firms that comprise the Composite fell to 33.5 per cent on a weighted basis for the quarter, down by 131 basis points from the prior quarter and 114 basis points from Q3 2015.
On a simple average basis, operating margins fell by 118 basis points sequentially and 182 basis points year over year.
According to the report, operating margins for
CME Group is to begin clearing Interest Rate Swaptions on 11 April.
"CME Clearing is proud to be the first clearing house to deliver interest rate swaption clearing, a capital efficient clearing solution that has the opportunity to transform the interest rate swaps landscape for our customers," says Sunil Cutinho, President, CME Clearing. "Swaption clearing enables clients and dealers to substantially reduce their risk and gain margin efficiencies of up to 90 per cent by adding swaptions to their CME cleared interest rate swaps portfolios."
Five clearing members are approved to clear swaptions upon launch, with additional firms working through
Drawing on data compiled for the 2016 Preqin Global Hedge Fund Report, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance.
These league tables do not seek in any way to endorse these funds, but rather to illustrate those that have performed the most consistently over the period January 2013 – December 2015. Seven top-level strategies are represented; equity strategies, macro strategies, event driven strategies, credit strategies, relative value strategies, multi-strategies and CTAs.
From its Hedge Fund Online database of over 14,000 hedge funds, Preqin ranked the 1,761 qualifying funds (those with
Following the successful launch of its low carbon equity index family, Solactive AG in collaboration with South Pole Group has launched the new Solactive SPG Euro IG Low Carbon Bond Index.
The index will cover investment grade corporate bonds denominated in EUR while selecting companies that are less dependent on fossil fuels relative to higher carbon-emitting peers.
In line with the ambition shown at the recent Paris Climate Conference, many of the world leading economies have already imposed taxes or partial taxes on carbon (e.g. US, China, UK, Sweden) or implemented regulatory standards to lower emissions (e.g. Emission Trading
La Française Global Investment Solutions (La Française GIS) has launched of a new multi-strategy long/short credit UCITS fund, LFIS Vision UCITS – Credit.
The fund goes beyond a traditional long-short approach, seeking to deliver “through-the-cycle” performance by investing opportunistically in a diverse portfolio under- or overvalued credit assets while minimising the risk of loss.
The fund is managed by La Française GIS’ Credit Strategies team, headed by Renaud Champion, and is run alongside the team’s established credit opportunities strategy, launched in June 2013. The fund's comprehensive, conviction-driven approach across credit markets leverages on the team's average of 16 years
Linedata has released the latest version of fund accounting software Linedata Mfact, focusing on streamlining and automating key processes and enhancing exception management capabilities.
This has been achieved by delivering new business process management (BPM) capabilities, enhanced corrections processing, an integrated weekend/holiday schedule and improved handling for irregular paying debt instruments. Linedata Mfact forms a key part of the Linedata Admin Edge platform, supporting end-to-end fund administration for alternative, traditional and liquid alts funds.
Faced with increased operating demands and higher costs, the fund accounting function has to be run as efficiently and safely as possible. Linedata Mfact is
