Funds
CME Group has made a number of Managing Director promotions, all of which took effect in February.
Peter Keavey, 47, has been appointed Managing Director and Global Head, Crude & Refined Energy Products. Based in New York, Keavey is responsible for managing and expanding CME Group's risk management tools across its global Crude and refined product suite, in addition to leading the US Natural Gas and Power businesses. Prior to joining CME Group in 2013, Keavey served as Portfolio Manager at Graham Capital Management focusing on energy markets. He also served as Managing Director and Head of Energy Trading at
Hedge funds posted gains in February, outperforming US equities for the third consecutive month, as equity, credit and energy markets traded in a wide and volatile intra-month range, according to data released today by HFR.
The HFRI Fund Weighted Composite Index (FWC) advanced +0.5 per cent for the month, bringing the FWC to an Index Value of 12040.78, with gains again led by Macro and quantitative, trend-following CTA strategies. February represents the strongest FWC monthly gain since October 2015 and brings the YTD performance to -2.0 per cent, leading equity benchmarks across US, Europe, Asia and Emerging Markets. The HFRI
Beechbrook Capital has launched the fundraising for its third private debt fund, Private Debt III, with a target of EUR200m-plus. First close is targeted for the second quarter of 2016, with a final close planned for later in the year.
The third fund will follow the same successful investment strategy as the previous funds by providing private debt, including mezzanine and unitranche, to lower mid-market buyouts in northern Europe. The Fund aims to deliver a low volatility running yield with attractive risk-adjusted returns. There is already a growing pipeline of investment opportunities for the new fund.
Fund II, which
EFG Asset Management (EFGAM) – an international provider of actively-managed investment solutions – has brought the management of its top-performing, award-winning New Capital US Growth Fund in-house.
The strategy underpinning the New Capital US Growth Fund was launched for EFGAM in July 2010; based on the firm’s convictions of multi-year growth across the Atlantic, and has since successfully delivered long-term performance for clients.
Core members of the existing investment team have officially joined EFGAM as part of the transition. Citywire A rated Joel Rubenstein, who has been co-lead on the Fund since inception will continue as lead manager, working
CME Group is expanding its base metals offering with the introduction of a new Aluminium European Premium Duty-Paid (Metal Bulletin) futures contract to begin trading on 21 March, 2016.
Pending relevant regulatory review periods, the new contract will be available for trading on CME Globex, for submission for clearing through CME ClearPort, and will be listed with and subject to the rules and regulations of COMEX.
"This new contract complements our existing regional aluminium premium futures contracts, and will enable a broader and more diverse set of our European customers to hedge their exposure to the aluminium premium," says Young-Jin
100 Women in Hedge Funds (100WHF) has announced that Big Brothers Big Sisters Cayman (BBBS) has been designated as its 2016 Cayman Beneficiary.
100WHF Cayman aligns its yearly objectives to a global theme that rotates on an annual basis to ensure the greatest impact on the local community; for 2016, the theme is Mentoring. BBBS is a local charity that promotes its mentoring objectives by pairing dedicated adult volunteers with those children in the community that could most benefit from an enriching one-to-one mentoring relationship.
Commenting on the selection, Pilar Bush, Chair of BBBS, says: “Big Brothers Big Sisters Cayman
After a strong start to the year in January, Societe Generala Prime Services’ managed futures strategies continued to deliver positive performance across the board, with all CTA indices posting gains in February,
The SG Short-Term Traders Index posted the highest monthly return of all the indices at 3.16 per cent, whilst the more broad-based SG CTA Index is the leader year-to-date, up 7.20 per cent. February’s 2.90 per cent return sets a new monthly high watermark for the CTA Index, surpassing the previous equity high set at the beginning of 2015.
Attribution data from the SG Trend Indicator, which
Did you know that large parts of Canada have less gravity than the rest of planet earth? Sadly, this random fact does not apply to the country’s currency over the past three years. If anything it feels like there’s more, not less gravity on the Loonie than any other G7 currency in the world. Yet, if you are opportunistic, Sanostro believes the Canadian dollar is one of the most attractive buying opportunities out there…
Take a quick look at the not so pretty fundamentals. Energy contributes about 40 per cent of Canada’s GDP. The country has the third largest oil
Franklin Square Capital Partners has provided a USD260 million unitranche term loan to support the acquisition and combination of Trover Solutions and Equian by New Mountain Capital, a New York-based alternative investments firm that manages approximately USD15 billion of private equity, public equity and credit assets.
The financing was provided by FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II (FSIC II) and FS Investment Corporation III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (GSO).
The combination of Equian and Trover
Sentiment overall is positive for hedge fund industry growth with investors forecasting a 3.5 per cent increase in AuM during 2016, according to the 8th Annual Credit Suisse Hedge Fund Investor Survey.
If accurate, this projection would push industry assets over USD3 trillion with an upper quartile forecast for USD3.2 trillion by year end.
Some 87 per cent of investors indicated that they would maintain or increase their hedge fund allocations in the coming year. Within that universe, insurance companies identified themselves as being most underweight hedge funds (compared to institutional peers), which could allow for further growth.
