Funds
Marsh has launched its Delta Investment Management Insurance (IMI) facility to help asset and investment managers, hedge fund managers and fund-of-funds managers with professional indemnity and crime risks.
Delta IMI is underwritten by a panel of leading London market insurers and is available to clients globally (excluding those domiciled in the US). Each insurer can provide limits of liability up to GBP 10 million, USD 15 million, CAD 15 million, AUS 15 million, or EUR 15 million; or collectively they may provide a maximum of GBP 40 million, or equivalent currency.
Delta IMI’s features include:
• Provision for mitigation costs.
Stenham Asset Management, the USD2 billion hedge fund investment firm, has launched a UCITS-compliant macro fund of funds portfolio.
The new Stenham UCITS Macro Fund will draw on more than two decades of the group’s experience and expertise in macro fund investing, with Stenham launching its first strategy in this space in 1993. This is the second UCITS vehicle for the group, after the unveiling of the Stenham Equity UCITS Fund in November 2013.
Launched last month, the weekly-dealing Stenham UCITS Macro Fund will hold a high conviction portfolio of up to 10 funds within the rapidly-expanding macro UCITS universe.
Fiera Capital Corporation is to acquire New York based Samson Capital Advisors, a US fixed income investment management firm with USD7.6 billion in assets under management.
Total consideration paid at closing for the transaction will be approximately USD33.5 million, subject to various adjustments. This acquisition will bring Fiera Capital's total assets under management to over CAD$96 billion while bolstering its US presence in the global asset management space.
"With this acquisition, we are creating a full-fledged global asset manager in the US adding strong leadership and investment talent in order to further expand our presence in this dynamic and sophisticated
The Asian hedge fund industry resumed strong capital growth in Q4 to conclude 2014 at a record level of capital, as Asian equity markets posted sharp advances heading into the new year.
Total capital managed by the Asian hedge fund industry stood at USD119.75 billion (¥ 14.26 trillion; RMB 748 billion) at year-end, including an increase of USD2.3 billion for Q4 2014, according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. For the full year, the Asian hedge fund
The Lyxor Hedge Fund Index was up +1.4% in January. 7 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+5.6%), the Lyxor Fixed Income Arbitrage Index (+4.4%), the Lyxor Global Macro Index (+2.7%), the Lyxor L/S Equity Variable Bias Index (+2.2%).
Market activity was limited ahead of the ECB meeting, the key catalyst in January, and positioning remained under stressed. ECB didn’t disappoint. It announced a large open-ended QE program, amounting to EUR60 billion per month. It was warmly welcome by the Street, with cautious odds of success being priced
Investment bank Greenhill & Co is to acquire Cogent Partners, a financial advisor to pension funds, endowments and other institutional investors on the secondary market for alternative assets.
Cogent advises such institutions on sales of interests in private equity and similar funds, as well as providing restructuring, financing, valuation and related advisory services. Cogent has advised on transactions involving thousands of limited partnership interests since its founding in 2002, and had revenues of approximately $45.8 million (unaudited) in 2014. The acquisition advances Greenhill's ambition to create the leading independent global financial advisory firm, with capabilities to advise clients on
Guernsey’s Chief Minister, Jonathan Le Tocq, has held a series of meetings in Washington to boost the Island’s reputation as a leading international finance centre.
A week after Guernsey and the USA signed an asset sharing agreement, the Chief Minister met with officials from the Senate Foreign Relations Committee, the American Bankers Association (ABA) and the Securities Industry and Financial Markets Association (SIFMA).
Dominic Wheatley, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, says: “Guernsey’s finance industries have long had strong links with the USA and we very much welcome the Chief Minister’s visit.
Liquid alternative investments firm 361 Capital’s Global Long/Short Equity Fund (AGAZX) outperformed its benchmark during its first year of trading.
The find also placed in the top eight per cent of the Morningstar Long/Short Equity Category out of 349 funds for the one year period ended 31 January, 2015 (based on total return).
The 361 Global Long/Short Equity Fund is sub-advised by Los Angeles-based Analytic Investors and uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund is quantitatively focused, using a systematic approach to identify and exploit market inefficiencies. It seeks
The hedge fund industry redeemed USD29.1 billion (1.2% of assets) in December, its largest outflow since April 2009, according to BarclayHedge and TrimTabs Investment Research.
“Hedge funds shed USD12.5 billion in the second half of 2014, a sharp turnabout from the inflow of USD87.5 billion in the first half,” says Sol Waksman, president and founder of BarclayHedge. “The industry’s inflow of USD75.3 billion for the whole year was little changed from last year’s inflow of USD76.4 billion."
Hedge fund industry assets edged lower to USD2.48 trillion in December from USD2.50 trillion the month before, according to the latest estimate based
Calastone, the global funds transaction network, has expanded into the Nordic market with the addition of Swedish firm Wassum Securities to its trading network. Wassmum is now live and routing orders.
Wassum caters for institutional investors, unit linked companies, pension funds, family offices, foundations and fund managers. Working with Calastone will help further strengthen their trading processes in a secure, transparent and cost effective way.
Jon Willis, Chief Commercial Officer at Calastone, says: “Calastone is committed to helping the funds industry realise the benefits of risk and cost reduction by offering an interoperable and fully automated approach to
