Funds
Finisterre Capital, an Emerging Market Macro and Credit specialist, is to launch Finisterre Emerging Market Debt Total Return Strategy with Damien Buchet (pictured), previously Global Head of Emerging Market Fixed Income at AXA Investment Managers, joining the firm as CIO for Total Return Strategies.
Buchet is joined by Christopher Watson, who has been at Finisterre since 2007 as Head of Credit Research and a Credit Portfolio Manager and today runs the firm’s USD720m in long-biased strategies. Buchet’s top-down approach will complement Watson’s fundamental, research driven style.
The strategy will benefit from being operated within an unconstrained and entrepreneurial
By James Williams – Preqin has released its latest Hedge Fund Spotlight report, looking at how hedge fund performance varies by size; a useful exercise and certainly one that can help institutional investors steer a course when deciding the type, size, and style of managers to allocate to.
The results generated by Preqin were based on its award-winning Hedge Fund Online service, as well as interviews conducted in June with 300 hedge fund managers.
For some time now, institutional investors have dominated capital inflows into hedge funds. They make up approximately two thirds of the capital base and with that
Interactive Data has launched a Liquidity Indicators Service, leveraging the same fixed-income evaluated pricing and reference data content that supports pricing and trading functions at buy-side and sell-side firms, to provide a series of security- and portfolio-level Liquidity Indicators.
Concern about market participants' ability to manage liquidity risk is being stoked by a combination of factors, including: a multi-year decline in dealer inventories; a sharp increase in the supply of outstanding debt instruments, with no comparable increase in trading volume; and anticipation that future interest rate increases could trigger a flight from fixed income assets. Regulatory responses include, most recently,
The US has seen a real resurgence in activism over the last couple of years. Last year, for example, there were 247 activist campaigns; the highest number since 2008 when 284 were recorded according to FactSet data.
Over the last 10 years, assets in activist hedge funds have grown six-fold to an estimated USD120 billion according to a report by AIMA, written in conjunction with law firm Simmons & Simmons. And investor interest continues to build.
This is being helped, in part, by the strong performance of this sub-set of the hedge fund universe. According to Hedge Fund Research, the
Using data from the recently released 2015 Preqin Alternative Assets Performance Monitor, Preqin has created league tables of alternative asset fund managers that have most consistently outperformed their peers. The league tables do not seek in any way to endorse these fund managers, but rather to illustrate those that have performed the most consistently in the past. Six primary strategies have been presented – buyout, venture capital, mezzanine, real estate, infrastructure and natural resources – with venture capital seeing the most fund managers achieve the highest possible score.
The league tables of consistent performers are compiled using only the funds
Using Preqin’s new fund size benchmarks on Hedge Fund Analyst, together with the results of our interviews with approximately 300 hedge fund managers, this extract from September’s Preqin Hedge Fund Spotlight newsletter analyses the effect that fund size has on the overall hedge fund industry by looking at performance, terms and conditions, and the fund sizes institutional investors are looking for.
In July, Preqin added a new series of benchmarks to our Hedge Fund Analyst online service. These benchmarks, which assess the performance of hedge funds based on the size of the fund, can be used in tandem with
Franklin Templeton Investments has launched Franklin K2 Long Short Credit Fund (FKLSX), a multi-manager fund that invests in a variety of credit strategies sub-advised by institutional-quality hedge fund managers.
The fund provides investors with access to a select group of hedge fund managers in a single diversified portfolio, while providing daily liquidity.
Building on Franklin Templeton's strategic acquisition of hedge fund solutions provider K2 Advisors in 2012, the US-registered Fund expands the firm's liquid alternative fund offerings. Like the Franklin K2 Alternative Strategies Fund launched in 2013, this new Fund seeks to provide investors attractive risk-adjusted returns, while providing
UMB Fund Services (UMBFS) has launched a mobile app for its proprietary alternative investment fund accounting and investor servicing technology called UMB Fund Services FastPro.
The app, which is live on Android and Apple iOS operating systems, allows clients to view historical data and reports, investor demographics and fund performance information at anytime, anywhere an internet connection is available. The FastPro platform had previously only been available via web browser.
“Technology is changing the way our clients operate, and in response, we’ve taken our award-winning reporting solution and given it mobile capabilities,” said Chad Allen, managing director of alternative investments
Private investment firm Enhanced Capital and FocusPoint Private Capital Group (FocusPoint), a FINRA member focused on private capital raising, have formed Enhanced FocusPoint (EFP), a partnership to source, seed and launch a series of private investment funds.
EFP will identify talented management teams with investment strategies suitable for institutional investors allocating capital to private funds. This partnership will expand the reach and capabilities of each firm, providing experienced limited partners with new investment strategies.
Four sectors of focus have been identified for the platform: Equity, Credit/Income-Generating, Real Assets, and Special Opportunities. Enhanced and FocusPoint have a long history of backing
Liquidnet, the global institutional trading network, has launched a fixed income dark pool that facilitates direct, peer-to-peer trading of corporate bonds among asset managers in the US, Canada and Europe.
Liquidnet has enrolled more than 120 asset managers, representing a critical mass of liquidity and a sizeable portion of assets under management for high yield and investment grade bonds in the US. At launch, the platform will enable trading for US and European corporate bonds (high yield and investment grade), emerging market corporate bonds, and European convertible bonds.
The Fixed Income dark pool has been designed to provide a
