Funds
CarVal Investors has completed the final close of CVI Credit Value Fund III (CVF III) with USD3 billion in commitments. The fund is investing in undervalued opportunities with a strong focus on portfolios of whole loans coming out of the deleveraging of European banks.
The Fund will also invest in corporate securities, liquidation claims and structured credit.
The Fund has 83 institutional investors, including Cargill and a diverse range of public and private pension plans, endowments, foundations, family offices and corporate investors.
“We were very pleased with the strong reception to our latest credit offering and value the trust our
The Depository Trust & Clearing Corporation (DTCC) has launched a new centralised data provisioning service, DTCC Data Products, which include the expansion of DTCC’s ETF and Corporate Actions ISO 20022 data product offerings.
DTCC Data Products was created in response to growing client demand for more centralised on-demand DTCC data provisioning. The service aims to provide data that helps firms meet increasing regulatory demands, reduce risks, increase operational efficiencies, gain access to better market insight, lower operational costs, and bring greater transparency to their business operations. As envisioned, DTCC Data Products will directly source cross-asset-class data captured across DTCC’s clearing,
Societe Generale Securities Services (SGSS) in Luxembourg has been mandated by Athena Capital to provide a full suite of custody, administration, valuation and registrar services for its alternative investment fund range.
SGSS has been selected in recognition of its alternative investment fund expertise and competitive offering, as well as for its innovative regulatory reporting services. The AIFMD reporting package, “R303”, offers alternative fund managers three different modular options to produce the required regulatory reports and assists in filing them with the local regulator. This overall offering allows Athena Capital to concentrate on its core investment activities whilst ensuring the company
Tradeweb Markets’ actionable axes have significantly improved institutional investors’ access to high quality liquidity for European government and corporate bonds.
Tradeweb axes provide valuable pre-trade information in today’s challenging environment of constrained dealer balance sheets and reduced market liquidity.
Tradeweb is the only trading platform with real-time axes for European government bonds, in addition to axes for European credit, covered bonds, and supranationals, agencies, and sovereigns (SAS). Twenty eight corporate bond dealers provide more than 3,500 axes at a time for investment grade and high yield instruments, in addition to approximately 5,000 runs. Twenty liquidity providers also support more
Artisan Partners has launched the Artisan Developing World Fund. The Fund is managed by Lewis S Kaufman, founding portfolio manager of the Artisan Partners Developing World Team.
Kaufman joined Artisan Partners in February to start the new autonomous investment team. He has eight years of portfolio management experience, including the last five years overseeing a developing world strategy, and 15 years of industry experience.
Artisan Partners CEO Eric Colson, says: “We have been gradually evolving our investment strategies to reflect increasing degrees of investment freedom, which further allow our teams to manage investment risks and outcomes. The Developing World Fund—a
In this issue, we present the Lyxor platform’s direct exposure to Greek assets, as well as the Lyxor hedge fund strategies exposures to European assets – most likely to be impacted by a spillover effect, either way.
Societe Generale Securities Services (SGSS) has launched a fund distribution hub in Luxembourg to support asset management companies seeking to distribute UCITS and alternative investment funds internationally.
Asset managers can now access a broad local and cross-border network in Europe and Asia through one single fund distribution interface.
This centre of expertise supports asset managers through an experienced international team, with a proven track record in setting up UCITS and alternative investment funds, which works with local representative agent support services for fund distribution in 14 countries. The distribution hub provides the expertise required for entering complex international markets and
Euronext is launching a new Wood Pellet commodities futures contract aimed at producers, wholesalers and retailers in the autumn of 2015, subject to regulatory approval.
This physically-settled contract targeting the residential heating sector, will allow the industry to hedge its positions.
Wood pellets, manufactured from stem wood and untreated residues from the wood processing industry, are a fast growing, sustainable source of renewable energy, particularly in Europe where 80 per cent of the residential pellets global production is sold for use in boilers, heaters and local utilities. Environmental energy policies in the European Union are increasingly favouring renewable
Euronext has expanded its Spotlight segment with options on the shares of Refresco Gerber, a European bottler of soft drinks and fruit juices for retailers and A-brand owners.
The new options that are available for trading on the Amsterdam market follow the company’s recent successful IPO on Euronext Amsterdam.
The Spotlight segment is dedicated to the development of new option classes requested by market participants, on its Amsterdam and Brussels derivatives markets. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three months. The combination of added liquidity and visibility allows the option classes
Four Wood Capital Partners (FWCP) has launched a new closed-end fund, Eagle Growth & Income Opportunities Fund, which has priced its initial public offering and begun trading on the New York Stock Exchange under the symbol “EGIF.”
Four Wood Capital Advisors (FWCA), a subsidiary of FWCP, serves as Investment Advisor and Eagle Asset Management and Recon Capital Partners, LLC serves as Sub Advisors to the Fund. The Fund raised approximately USD121.5 million in its common share offering, excluding any exercise of the underwriters’ option to purchase additional shares. If the underwriters exercise that option in full, which may or may
