Funds
ML Capital and Ardsley Partners are repositioning the Ardsley Partners US Equity UCITS Fund to take advantage of increasing investor interest in the renewable energy sector.
The aim is to capture the secular growth opportunities presented as global energy production growth continues to shift towards non-carbon based renewable sources.
Launched on the MontLake UCITS Platform in April 2014, the Ardsley Partners US Equity UCITS Fund has typically focussed on technology, telecoms, life sciences, traditional energy and renewable energy companies. However, as of April 2015, the fund's portfolio will now be comprised of fossil-free companies solely within the renewables space. The
Hedge funds were up 0.46 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.57 per cent through the end of the first quarter, versus a return of 0.95 per cent for the S&P 500.
“Prices for risk assets declined in March as the headwinds fomented by weaker than expected consumer spending and durable goods orders, together with a strengthening US Dollar, drove equities and commodities lower,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Overall, 16 of Barclay’s 18 hedge fund indices had gains in March. The Healthcare &
ERI Scientific Beta has launched two new families of smart "quality-type" factor indices – High Profitability and Low Investment, allowing investors to benefit from well-documented additional risk premia.
These new smart factor indices have been available on the www.scientificbeta.com platform since 20 March, 2015.
The role of these separate factors relating to firm characteristics has been documented in recent empirical studies. ERI Scientific Beta’s High Profitability and Low Investment factors rely on straightforward and parsimonious indicators, and provide more robust performance benefits than ad-hoc stock picking indicators of “quality” currently used in the industry.
By proposing not one
Representatives from PwC, Coller Capital, Dexion Capital, Baring Vostok, Hermes GPE and Metric Capital have been added to the roster of speakers for the Guernsey Funds Forum 2015.
It has already been announced that Guy Hands, Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited, will be the keynote speaker at this year’s forum and that it will be moderated for the sixth successive year by ITV News anchor, Alastair Stewart OBE.
The annual event is this year titled ‘Achieving stability in a world of change’ and takes place on Thursday 14 May in London. It is
This extract from Preqin’s Quarterly Update: Private Equity, Q1 2015 focuses on global private equity-backed buyout deals, featuring the latest available data.
The number of private equity-backed buyout deals recorded globally in Q1 2015 fell by 20 per cent from 958 in Q4 2014 to 770 in the first quarter of 2015, consistent with a trend that has seen a dip in the number of deals in the first quarter in every year since 2008 (Fig 1). However, the aggregate value rose by 14 per cent from USD85 billion in Q4 2014 to USD97 billion in Q1 2015, the highest
Hedge funds posted gains in March, with performance driven by strong macro trends in Currency and Commodity markets, complemented by broad-based gains and positioning in Event Driven, Equity Hedge and fixed income-based Relative Value Arbitrage strategies.
The HFRI Fund Weighted Composite Index® gained +0.5 per cent in March and +2.4 per cent in 1Q15, completing the strongest quarter of outperformance relative to S&P 500 since 3Q11, as reported today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.
All four HFRI main indices were positive for the quarter, and nearly all
The Henley Business School has launched its Executive Hedge Fund Program in Hong Kong, a unique concept developed with Steve Bernstein, CEO of SinoPac Solutions and Services, a veteran of the Hedge Fund industry.
The program will be created and delivered by leading industry professionals, offering participants a comprehensive understanding of hedge funds, from set-up to management.
Established by the International Capital Markets Association (ICMA) Centre at Henley Business School, the Executive Hedge Fund Program has been designed specifically for professionals within the financial services industry, providing a holistic hands-on real-practice understanding of hedge funds. The program will involve the
Neonet is to provide its clients with access to North Sea, the re-launched dark pool functionality from Oslo Børs. This includes fully integrated DMA, Smart Order Router and algorithm support.
North Sea will allow Oslo Børs members to execute larger orders, at mid-price, in a dark pool, in an exchange regulated environment. The new version of North Sea is launched today, 20 April 2015.
“It is essential for us, as an independent execution specialist, to offer comprehensive access to a range of liquidity sources to our clients and we therefore closely monitor the development of new venues and liquidity pools,”
Fears of an imminent rate hike in the US have faded as a result of data releases being below expectations. A number of Fed speakers also made the case for holding off on the first rate hike. As a result, the US dollar is down almost 3% against major currencies since the recent peak in mid-March, i.e. before the latest FOMC meeting. US equities have regained some colour and 10y Treasury yields have fallen by more than 20bp since mid-March.
A fund managed by Ares Management’s commercial finance platform is to acquire the asset-based lending portfolio of First Capital Holdings, a commercial finance company that provides asset-based loans and factoring to small and middle-market companies.
First Capital is a portfolio company of HIG Capital. The transaction is expected to close during the second quarter, subject to customary closing conditions. The fund intends to fund the acquisition with a combination of debt and equity.
With this transaction, the Ares Commercial Finance platform, which is part of the firm’s Direct Lending Group, will have approximately USD700 million of loan commitments. The Ares
