Funds
Angel Oak Capital Advisors, an investment management firm focused on providing opportunistic fixed income investment solutions, has reached USD5 billion in assets under management across its family of investment products.
“Angel Oak Capital continues to grow as we identify new ways to provide innovative solutions for fixed income investors,” says co-founder and managing partner Brad Friedlander. “We are pleased to have achieved such a significant milestone and believe the continued demand for less traditional, credit-focused fixed income products will allow us greater room to grow.”
The company’s two public mutual funds, the Angel Oak Multi-Strategy Income Fund (ANGLX), which received
The hedge fund industry has now reached USD3.16 trillion in assets as of the end of Q1 2015, but a growing proportion of these assets are concentrated among a small pool of large managers, according to Preqin’s latest hedge fund spotlight.
The “USD1 billion Club”, which now includes 570 managers, represents 11 per cent of the total 5,122 single-manager hedge fund managers across the globe. But these firms command a total of USD2.78 trillion of industry capital, which amounts to 92 per cent of the total assets in hedge funds.
Some 22 fund managers currently handle USD20 billion or more
Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse are to launch a joint venture to develop and to market financial instruments based on Chinese underlyings to international investors outside mainland China.
The venture is designed to support the internationalisation of the Chinese currency; therefore, products will be offered in Renminbi (RMB). The company will be named ‘China Europe International Exchange’ and will commence market operations in Q4 2015. The initial scope of product development will cover cash market products for market launch.
Shanghai Stock Exchange and Deutsche Börse will each own 40 per cent and China Financial Futures
When the FATCA returns and listing deadline of 1 June ends, financial institutions must quickly turn their attention to even more expensive and burdensome regulations.
Justin Hayes, product manager at Linedata, the leading international software and solutions provider, outlines the impact the OECD Common Reporting Standards, dubbed ‘Global FATCA’, will have on the industry. “Under the OECD Common Reporting Standards, dubbed ‘Global FATCA’, financial institutions have just seven months to get their act together as they will be required to track unprecedented volumes of investor information from the start of next year,” says Hayes. “This will be an unparalleled regulatory
IKONIC Fund Services has chosen Nedelma Portfolio Amalfi to provide enhanced, dynamic reporting to its hedge fund clients.
Now, IKONIC’s daily servicing clients will receive their fully reconciled and priced portfolio data on a T+1 basis via Nedelma’s dynamic and flexible reporting tool. Nedelma has licensed Portfolio Amalfi to IKONIC enabling the company to offer powerful portfolio data visualisation, slice and dice capabilities, and a range of attribution analysis to its clients.
In an increasingly competitive market, IKONIC strives to provide value add services to their clients to meet both the investment manager and the fund investors demands for
Latest figures released on Jersey’s finance industry show a steady performance including a small increase in banking deposits and signs that a change to fund regulation will support certain types of new funds business.
Banking deposits have reached their highest level since last summer and while there was a small fall in the value of funds, this has followed a period of consistent growth each quarter, so overall the economic picture is very stable. The statistics, collated and prepared by the Jersey Financial Services Commission (JFSC), are for the three month period ending 31st March 2015. Headline figures include:
The
Franklin Templeton Investments has launched it first multi-manager, liquid alternative strategy in Canada, the Franklin K2 Alternative Strategies Fund, providing institutional investors with access to a portfolio of alternative investment strategies managed by institutional hedge fund managers.
"In today's volatile, low interest rate environment, Canadian institutional plans are looking for investment options that can help reduce volatility in unpredictable markets, while providing attractive risk-adjusted returns," says Dan Elsberry, head of Alternatives, North America Advisory Services, Franklin Templeton Investments. "Franklin K2 Alternative Strategies Fund can be a compelling investment option for such investors, as well as those who are looking to
AlphaCore Capital launched an allocation strategy that flips the established allocation method on its head by employing alternative investments as the central theme in well-balanced portfolios.
The firm, located in La Jolla, CA, combines the independent, model of a family office with the investment resources sometimes missing from other independent advisory firms.
Conventional asset allocation models typically use a blend of equities and fixed income, based on the investor’s time horizon and risk tolerance. In this low interest rate environment a traditional 60/40 model may expose investors to unnecessary risk. In fact, many investors know that risks are increasing but
The London Metal Exchange (LME) has launched a month-long consultation on proposals designed to broaden access to its electronic trading platform, LMEselect.
The changes put forward include opening up LMEselect access to category 3 and category 4 members of the Exchange as well as adding flexibility to the criteria required to apply for LME membership.
“Today’s proposals are crucial to our overarching aim to maximise liquidity and participation on the LME,” says Garry Jones, LME CEO. “Opening up access to trading on LMEselect is beneficial to everyone trading on any one of our venues as it will bring more
Poplar Forest Capital, an investment management firm specialising in large and mid-cap value equities, has been selected by Progress Investment Management Company to manage a USD121 million large cap account.
Progress is a manager of emerging investment managers.
“We are honoured to partner with Progress in serving their clients,” says Dale Harvey, former American Funds portfolio manager and founder of Poplar Forest Capital. “One of our guiding principles is to not let size impede our ability to deliver results. The people at Progress share this view. We’re excited about working together.”
Poplar Forest’s Value/Contrarian Strategy seeks to deliver superior, risk-adjusted
