Funds
Tokyo-based hedge fund manager Sparx Group has launched the Sparx OneAsia Long Short UCITS Fund, a Pan-Asia market neutral strategy, on the MontLake UCITS Platform.
A subsidiary of the long established Sparx Group, Sparx Asia Investment Advisors is based in Honk Kong, and manages and promotes its own funds which invest in securities in the Asian region. The Sparx Group was founded by President and CEO Shuhei Abe in 1989, with a mission to be the most trusted and respected investment company in the world. Sparx Group AUM currently stands at more than USD 8 billion, and boasts a globally
100 Women in Hedge Funds (100WHF), a nonprofit organisation for investors and professionals in the alternatives industry, has raised USD1.36 million for 100WHF Foundation to support its Celebrating Education – Investing in the Next Generation initiatives.
The announcement was made at the 14th annual 100WHF gala in New York, which was attended by The Countess of Wessex, Global Ambassador of 100WHF’s Next Generation initiatives.
To achieve its goal of investing in the Next Generation, 100WHF will partner with four non-profit organisations – Forté Foundation, CAIA Association, Girls Who Invest, and Smart Woman Securities – in 2016 and 2017 to encourage
London-based credit long/short hedge fund manager Palmerston Capital, which was set up by ex-JP Morgan credit trading head Stuart Wain, has closed its Founder Share Class as assets under management now total USD264 million.
The fund has returned 9.55 per cent net of fees year to date with low volatility.
Launched in January 2014 with friends and family money of USD15 million, Palmerston Capital signed an acceleration deal with Tages Capital in Q3 2014 taking AUM over USD100 million. The Founder share class remained open to other investors with discounted fee terms up to a total of USD250 million
Macro Risk Advisors (MRA) raised USD332,000 during the firm's fourth annual charitable trading day on 29 October, with the firm donating all of the net commissions earned from option, stock and ETF trades to charity.
The four organisations to benefit from MRA’s fundraising efforts are: Blythedale Children’s Hospital; Project ABLE; One Love Foundation; and the Navy SEAL Foundation will each receive USD83,000.
Representatives from the charities joined the MRA team for the opening bell to watch the stock and option execution process in real time. The event started off with great excitement, and momentum continued throughout the day until the
The Lyxor Hedge Fund Index was up +1.1 per cent in October. Eight out of 11 Lyxor Indices ended the month in positive territory. The Lyxor LS Equity Long Bias Index (+4.5 per cent), the Lyxor Special Situations Index (+3.5 per cent) and the Lyxor Global Macro Index (+2.1 per cent) were the best performers.
Encouraging October economic releases, speculation about non-US central banks actions, and the re-risking of the smart money helped to fuel a rally. The wheel turned in favor of Event Driven and the longest bias L/S Equity. In contrast, CTAs underperformed, hit on their long bonds
Convergex has entered into a clearing agreement with INTL FCStone Financial enabling it to offer its clients access to FCStone's futures execution capabilities and prime brokerage platform.
With FCStone, Convergex Prime Services will be able to offer its clients 24-hour trading access and full portfolio and risk reporting features traditionally only available to larger hedge fund managers. In addition, Convergex's clients will also have full access to FCStone's research geared towards CTAs, CPOs, and hedge funds.
Convergex Prime Services will leverage its existing world class platform by offering an innovative new suite of futures offerings geared towards CTAs and
Gravitas Technology Services is to provide alternative investment manager Mill Hill Capital with cloud hosting, archiving, network support and failover capabilities across its trading, investment, portfolio management, finance, and operations functions.
Mill Hill Capital relies on proprietary valuation, cash flow models and vast amounts of market data to perform its investment analysis and trading activities, there by requiring a chief provider of infrastructure support for on-site servers, cloud storage, backup recovery and archival.
“We have created a scalable institutional platform and first-class infrastructure at Mill Hill and partnering with Gravitas allows us to deliver a best in class hosting
Quantitative hedge fund manager Man AHL has released Arctic, its MongoDB-powered financial tick store, on code collaboration and management site GitHub as a freely available open source project.
By building Arctic on MongoDB, Man AHL realised a 40x cost saving when compared to the legacy time series data store. Processing performance improved by 25x. Man AHL is based in London, Hong Kong, Oxford and Pfäffikon, and has USD17.9 billion in assets under management as of September 2015.
Gary Collier (pictured), Co-CTO of Man AHL, says: “MongoDB has provided tremendous value through the improvements it delivered to our Arctic tick store. It
With Blackstone Group’s latest opportunistic offering, which closed in Q3, becoming the largest private real estate fund of all time, Preqin’s Lauren Mason takes a look at fundraising for the strategy and the pipeline of opportunistic funds in market.
Although the total number of opportunistic funds reaching a final close each year has declined since 2012, the aggregate capital raised by these funds is at a post-crisis high: 37 opportunistic private real estate funds have reached a final close this year, raising USD49.6 billion in institutional investor commitments (Fig 1). Fifty-five percent of total capital raised in 2015 has been
What does the future hold in store for Guernsey? Guernsey Finance’s Kate Clouston (pictured) paints a bright picture for the island’s funds industry.
Guernsey’s reputation as a leading funds domicile has been reinforced by findings in a recent report published by KPMG.
The report, International Capital Flows, reveals the extent to which Guernsey’s funds industry facilitates the flow of capital globally, including GBP105 billion of investment in Europe – 49 per cent of which originates from investors located outside Europe itself. Guernsey is highlighted as an integral conduit facilitating the raising of capital from investors in different countries, subsequently allowing for
