Funds
It's crunch time for Greece and the Greek people, says Can Elbi, portfolio manager of the JB Europe Focus Fund at Swiss & Global Asset Management…
It is crunch time for Greece and the Greek people. We have entered the critical last 10 days until the current second bail-out, reform program expires. As we stand today, Greece has until 20 February to request an extension to the existing bailout programme, so that there would still be enough time to pass this through the German, Dutch and Finnish parliaments by 28 February. Without an extension of the program, Greece will certainly
Man Group is to acquire the investment management business of NewSmith, an equity investment manager with USD1.2 billion of funds under management.
NewSmith has offices in London and Tokyo and has four portfolio management teams with 15 investment professionals, investing in UK, European, Global and Japanese equities. The Firm is approximately 60% owned by its founders and senior staff members and approximately 40% owned by Sumitomo Mitsui Trust Bank Limited (SuMi TRUST), Japan’s largest institutional asset manager. Man Group has a long term collaborative relationship with SuMi TRUST which has indicated its strong support for the transaction and the intention
ALPS has launched the ALPS Interval Fund Platform, a structure built to support retail closed-end funds and interval funds.
The ALPS platform, which combines ALPS’ experience in servicing closed-end funds with DST’s shareholder record-keeping and distribution capabilities in the alternative space, was designed to provide a turnkey solution for alternative investment managers looking to launch '40-Act registered interval funds and other continuously offered closed-end funds.
In addition to a cost-effective suite of services provided by ALPS Fund Services and ALPS Distributors, funds launched on the ALPS Interval Trust Platform have access to services from leading law firms and auditors. The
Total hedge fund assets increased 0.22% in the first month of 2015 bringing the industry’s total asset under management to USD3.033 trillion based on asset inflows and performance gains.
That’s according to eVesment’s latest January 2015 Hedge Fund Asset Flows Report which reveals that investors added USD1.19 billion in net new money into hedge funds during the month.
Multi-strategy hedge funds continued their trend of being a primary driver of new assets coming into the hedge fund industry. The universe received USD5.0 billion in new assets in January, their best start to a year since before the global financial crisis.
Hedge funds were up slightly in January with a gain of 0.03% overall, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
“Central banks took centre stage in January’s financial turmoil as the Swiss National Bank unexpectedly abandoned its currency peg to the euro and the European Central Bank surprised investors when it announced monthly QE asset purchases that exceeded expectations,” says Sol Waksman, founder and president of BarclayHedge. “Equity markets in the US sold off, while European and Asian markets rallied.”
Hedge fund performance was mixed in January, with 12 of Barclay’s hedge fund indices making gains, while
The newly released 2015 Preqin Global Infrastructure Report features exclusive fund manager survey results, made available this week via a special complimentary report. The report provides insight into the future investment activity of infrastructure fund managers and their views on the current market.
Infrastructure fund managers appear to be bullish regarding the amount of capital they intend to commit to the asset class in the next 12 months, with 65% of managers surveyed by Preqin planning to deploy more capital in the asset class in 2015 than they did in 2014, and a considerable 27% planning to invest significantly
Natixis has entered exclusive negotiations to acquire DNCA. If the deal is completed, DNCA would would join Natixis Global Asset Management’s global lineup of independent investment management affiliates.
DNCA’s management team would remain a shareholder alongside Natixis Global Asset Management and would benefit from a progressive withdrawal mechanism beginning in 2016 that would align medium-term interests and gradually increase Natixis Global Asset Management’s stake in DNCA to 100%.
This projected acquisition was presented to Natixis Global Asset Management’s representative bodies on Wednesday, 18 February.
The addition of DNCA to Natixis Global Asset Management’s global lineup of affiliates would
Venovate and Capital Hedge have formed a partnership to offer better, faster, and broader access to alternative investments for family offices and mid-sized institutions.
Capital Hedge's FINTRX Investor Platform is a leading family office intelligence tool and asset-raising CRM solution for the alternative investment industry. Venovate Marketplace is the online brokerage platform for finding, researching, and investing in private placements. Together, the firms remove the hurdles many mid-sized institutions and family offices face when seeking institutional-quality alternative investments such as venture capital, private equity, real estate, and private companies.
"Many mid-sized institutions and family offices have difficulty sourcing quality investments
Hedge funds have started 2015 in the black, but only just, according to Preqin’s January 2015 Hedge Fund Performance Benchmarks.
The Preqin All-Strategies Hedge Fund benchmark gained only 0.07% in January, following a challenging year for hedge fund performance.
Still riding the wave of solid returns through 2014 are CTAs, posting 3.10% in January and delivering a 12-month rolling return of 14.72% in the year to January 2015. UCITS also had a good start to the year, posting their highest monthly returns (+1.21%) since October 2013.
CTAs posted their highest monthly return (+3.10%) in January since April 2011. Funds of
STOXX Limited has expanded its smart beta offering with the release of a new index family that selects components based on their Sharpe ratios.
The STOXX Sharpe Ratio indices include stocks from the respective benchmarks that have the highest Sharpe ratios, while excluding those with low dividend yields and low liquidity. JP Morgan has licensed the STOXX Europe Sharpe Ratio 50 Index for a structured product.
“Sharpe ratio takes into account both risk and return, and this index family offers an effective and transparent tool to target those companies that offer some of the most attractive risk-adjusted returns,” says Hartmut
