Funds
Activist hedge fund Elliott Advisors, the largest shareholder of Alliance Trust, has agreed to withdraw its three resolutions from the company’s Annual General Meeting on 29 April 2015 and has committed to support the Board and management on all other resolutions.
The Board and Elliott have also agreed on certain mutual non-disparagement undertakings and that Elliott will not call a general meeting or seek to agitate against the Company, its Board or management publicly until after the Company's 2016 AGM at the earliest.
The Board has agreed to appoint Anthony Brooke and Rory Macnamara to the Board of the
Altegris has launched the Altegris KKR Commitments Fund offering accredited investors an opportunity to gain diversified exposure to KKR by committing to three different forms of private equity – primaries, secondaries and co-investments.
The minimum initial investment USD25,000.
"Accredited investors will now have the opportunity to access many of the same KKR private equity funds that institutional investors have had access to for years," says Jon Sundt, CEO of Altegris. "Altegris is providing investors with a portfolio spanning multiple private equity styles, geographic regions and life cycles, from newly established primary investment funds through mature secondary investment funds, all via
Societe Generale has been mandated by the investment management company, Cyan Oak Capital LLP, to process derivatives for its range of alternative investment funds.
Cyan Oak Capital will benefits from “Orchestra”, Societe Generale’s global offering dedicated to managing the post-trade value chain for derivatives, as well as from additional prime brokerage services from the bank.
“Orchestra” is a unique modular and fully integrated third-party post-trade offering which comprises, in particular, clearing services for derivatives and post-trade services for middle-office operations, collateral management, settlement and custody.
Societe Generale provides Cyan Oak Capital LLP with optimal derivatives processing which is fully
Saemor Capital, winner of this year’s Hedgeweek award for Best Market Neutral Fund, continues to post positive performance numbers, both for the month of March and Year-to-Date.
The long book contributed strongly. The short book was flat in a rising market, which is a good result. From a sector perspective, Health Care, Information Technology and Industrials added most to the performance. The biggest contributors on the stock level were long positions in Betfair, Merck and Optimal Payments and short positions in MorphoSys and Sports Direct International. Our multifactor model did well, as the balanced view across all the factors outbid
Unigestion has launched a Private Debt Allocator tool, which identifies private debt opportunities to exactly match clients’ investment objectives.
Through its work with clients, Unigestion has identified a common perception of the universe of private debt opportunities as large, diverse and challenging. Depending on the type of debt, it can yield returns for investors of anything between 5 per cent and 20 per cent. This solution aims to help clients navigate across the myriad of different asset types, investment strategies and differing characteristics.
The Private Debt Allocator simplifies the process by taking a structured approach to evaluating each private debt
Institutional trading network Liquidnet has reported record first quarter performance in EMEA as institutional investors increasingly look to trade in blocks.
The first three months of 2015 was a record quarter for Liquidnet EMEA in local currency. Average Execution Size was USD1.64 million, up 31% year-on-year (YoY). Average Daily Liquidity rose 12% YoY to USD22.7 billion, Average Daily Principal Traded was up 26% compared to the previous quarter – driven by Liquidnet’s focus on expanding liquidity opportunities for more than 780 of the world’s leading asset managers.
Mark Pumfrey, Head of EMEA at Liquidnet, says: “We've made a great
Recent market conditions were less supportive for hedge funds, with a reversal of market moves witnessed so far this year. Last week, European equities were down and the EUR/USD went up, while US rates ended the week marginally higher. The Lyxor hedge fund index was however resilient, down only 39bps. Gains were posted by Asian managers, both on the L/S equity and Even-Driven strategies.
Castle Hall Alternatives has launched OpsMonitor a due diligence platform featuring daily media monitoring, a comprehensive process to identify changes in manager and fund operational risk quarter to quarter.
OpsMonitor also provides interactive dashboards to identify risks present in fund annual financial statements.
“Castle Hall is excited to introduce a range of powerful new monitoring functions to OpsDiligence, our online diligence system,” says Chris Addy, Castle Hall’s CEO. “Due diligence has evolved: rather than wait for traditional, annual diligence meetings, investors increasingly recognise the value of ongoing monitoring to identify and react to potential operational risks in real time. With
Gottex Fund Management Holdings Limited has reported good performance to 10 April year to date from its Multi-Asset products, which are up around 5.3 per cent.
The firm’s two Asian equity funds – the Gottex Penjing Asian Equity strategy added 9.0 per cent and the Gottex Penjing Asia Beta Select strategy – have also performed well generating a return of 12.0 per cent for the same period.
Total fee-earning assets for the group were USD 8.46 billion compared to USD 8.20 billion at 31 December 2014, an increase of 3 per cent over the quarter.
On 1 May,
In this extract from the Preqin Quarterly Update: Real Estate, Q1 2015, we analyse fund performance and take a look at private real estate funds currently in market.
Fund Performance
Closed-end private real estate funds have posted positive changes in NAV for 18 consecutive quarters, with Q3 2014 seeing an average 1.9 per cent increase in NAV (Fig 1). As of September 2014, funds of vintage years 2009-2012 are posting relatively strong returns, with the median IRR ranging from 12.8 per cent for vintage 2012 funds to 15.8 per cent for vintage 2009 funds.
Examining J-curves of funds of
