Funds
Catella is revising its fee structure for the Catella Hedgefond fund, to better respond to changing market demands. Catella Hedgefond has previously applied an annual reset of its high water mark, but has now chosen to instead implement a perpetual high water mark.
Since its inception in 2004, Catella Hedgefond has delivered an average annual return of 5.6 per cent. The average standard deviation during the period was 2.6 per cent. In both 2014 and 2015, the fund was named Hedge Fund of the Year by Fondmarknaden.se.
When Catella Hedgefond was founded in 2004 the fee structure at that
The SS&C GlobeOp Forward Redemption Indicator for February 2016 measured 3.27 per cent, up from 2.31 per cent in January.
“SS&C GlobeOp’s Forward Redemption Indicator for February of 2016 was 3.27 per cent, an increase from 2.31 per cent for January of 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “However, this increase was well within normal seasonal patterns. In fact, February’s 3.27 per cent was the second lowest reading of any month of February since SS&C GlobeOp began tracking forward redemptions in 2008. This February also marked the fifth consecutive month of year-over-year improvements in
The top 10 US hedge funds were hit hard by US stock market performance in Q4, according to the latest quarterly Hedge Fund Tracker from S&P Global Market Intelligence. In total, the top funds managed USD159 billion in Q4, down USD44 billion from Q3.
The funds also decreased the total number of stock positions held from 441 to 427, the fewest stock positions held throughout 2015.
The worst performing sector of 2015 in the S&P 500 was also the most-bought sector by pure play hedge funds in Q4. The 10 largest funds bought USD1.5 billion in energy sector stocks during the
Private equity managers are finding that increased demands for transparency from their LPs are requiring them to change their mindset, especially when it comes to sharing information on how assets are valued.
LPs are doing more due diligence, asking PE managers to explain why they value a target company at, say, 8X EBITDA, and a comparable non-target company at 10X EBITDA. In effect, LPs want to get more involved in the valuation process. This is the new normal that all alternative fund managers are waking up to, and in part, it is being driven by the onset of regulation.
As PE managers become more open with LPs, this is helping
Hedge funds lost 2.83 per cent in January according to the Barclay Hedge Fund Index compiled by BarclayHedge – the worst start to a new year in eight years since the Index dropped 3.26 per cent in January 2008.
“Slowing fourth quarter growth in the US, heightening concerns about the Chinese economy, and a precipitous decline in energy prices all weighed heavily on investor sentiment," says Sol Waksman (pictured), founder and president of BarclayHedge.
Overall, 15 of Barclay’s 18 hedge fund indices had losses in January. The Healthcare and Biotechnology Index was hit the hardest, dropping 7.10 per cent in one month.
Modus Asset Management, a Hong Kong-based investment manager, has selected Wells Fargo Global Fund Services to provide daily fund administration and a comprehensive outsourced middle and back office operations solution.
“Wells Fargo Global Fund Services is well-known for its expertise in administering equity long-short strategies,” says Modus’ Chief Investment Officer Yeeman Chau. “In addition, the outsourced operations team is able to support the full range of back office activities in our portfolios throughout the trade lifecycle, which helps us scale the business in a controlled manner. We have developed a strong relationship with Wells Fargo this past year and we
The Hedge Fund Association (HFA) has welcomed the passing of the Fair Investment Opportunities for Professional Experts Act by the US House of Representatives which incorporates the addition of a knowledge and education-based category of accredited investors.
The House bill would amend Section 2(a)(15) of the Securities Act of 1933, the definition of "accredited investor" that determines which investors may participate in private securities offerings not registered with the US Securities and Exchange Commission (SEC). The HFA, an international not-for-profit organisation representing the interests of investors, hedge funds and service providers, believes that the bill provides a much needed practical update
Broadridge Financial Solutions has enhanced its corporate governance solution offering in Europe by taking a minority stake and entering into an exclusive distribution and marketing alliance with AMA Partners, BV (AMA).
AMA is a Netherlands-based firm and provider of DirectorInsight, an innovative and powerful analytics platform that offers data and analytical tools for independent analysis of corporate governance and executive compensation. The deal expands Broadridge's corporate governance solution set and data capabilities to give corporations and institutional investment firms in key European markets access to an expanded, customisable data and analytics platform.
DirectorInsight is a one-stop, interactive online corporate
REDI Global Technologies has partnered with OpenFin, a provider of HTML5 container technology. Through the relationship, REDI and its partners will leverage OpenFin's technology to deploy new web-based applications within trade management platforms.
As a result, users will be able to access native REDI and third-party content in a much more flexible and efficient manner.
"OpenFin is fundamentally changing the way applications are written, deployed and run within the financial community," says REDI CTO Mark Etherington (pictured). "Ten years ago, the idea that you could natively integrate web-based applications from multiple providers within a legacy environment in a way
Kairos Investment Management (Kairos) has launched the SuMi-Kairos Multi Strategy fund which is being managed by Kairos for distribution into the Japanese market by Sumitomo Mitsui Trust Bank Limited (SuMiTB).
The fund has been set up as a Japanese domestic fund structure to purchase a dedicated fund of hedge funds vehicle already managed by Kairos.
The fund, which was launched in late December and has grown to USD170 million with additional investments planned, is being sold to individual and institutional investors in Japan by SuMiTB and will be one of the core mid to long-term alternative investment products within
