Funds
Greensolver, the independent wind and solar farm asset manager, has launched Greensolver Index, its asset management performance benchmarking tool for the UK and Irish wind and solar energy markets.
Traditionally, funds, utilities and independent power producers have had to rely on isolated project portfolio performance information to analyse energy generating asset performance.
The new index enables asset managers and investors to move beyond these points of reference and ultimately make better-informed future investment and asset management decisions.
As wind and solar projects become of increasing interest to clean energy investors and the secondaries market, there is a growing
The Conifer Group, which merged with Vastardis Capital to form Conifer Financial Services – an asset services firm offering front to back capabilities across all asset classes to pensions, endowments, family offices, hedge funds, private equity and venture capital managers, RIAs and traditional asset managers – is celebrating 25 years in the industry.
Jack McDonald, president and CEO of Conifer Financial Services, says: "Bill Vastardis and I extend our personal assurance that the superior services our clients have enjoyed will continue. We are committed to providing enviable levels of personal service, technology and financial expertise that are unsurpassed in the
Pershing Square Capital Management is filing a beneficial ownership report on schedule 13D with the US Securities and Exchange Commission (SEC) to disclose its ownership of 41,823,145 shares of Zoetis.
Pershing also has additional economic exposure through cash-settled total return swaps representing 995,602 notional shares, for an approximate 8.5 per cent stake in Zoetis’ 501,324,843 shares. For its investment, PSCM will have paid aggregate consideration (including amounts to settle its derivatives) of USD1,542,400,006.
PSCM intends to consult with Sachem Head Capital Management with respect to their investments in Zoetis. Sachem Head beneficially owns 4,395,000 shares of common stock of
The hedge fund industry redeemed USD5.1 billion (0.2 per cent of assets) in September, the largest outflow since December 2013 and only the second outflow this year, according to TrimTabs and BarclayHedge.
“Hedge fund inflows slowed sharply in the third quarter,” says Sol Waksman, president and founder of BarclayHedge. “The industry raked in USD82.1 billion in the first half of 2014 – more than in the previous three years combined — but inflows subsided to USD12.6 billion in the third quarter.”
Industry assets stood at a six-year high of USD2.38 trillion in September, according to estimates based on data
Most funds were up last week, with CTAs significantly outperforming, according to Lyxor.
Long term CTAs were up an impressive four per cent last week (10 per cent YTD), and are now the best strategy in 2014 by a wide margin.
They are generating performance from almost all asset classes, capitalising on their long exposures on equities and the USD, and short on commodities. Gains were especially generated on short Euro and Japanese Yen on FX, and short energy and precious metals on commodities.


L/S equity funds also benefited from the rally in Japanese stocks. This follows two
The number of alternative and multi-asset fund launches have increased 15 per cent since 2010, according to research from Cerulli Associates.
"The market crisis was highly disruptive, temporarily halting new product introductions as budgets were slashed, but in the longer term it triggered creative disruption," says Cindy Zarker, director at Cerulli. "Five hundred new mutual funds have been created on average each year since 2010. Three of the most prominent areas of product innovation have been alternative investments, multi-strategy funds, and index-based strategies."
The November 2014 issue of The Cerulli Edge – US Edition analyses product innovation, exploring client-centric approaches,
The Palaedino Fund (UCITS IV) and Sabre Fund Management Limited (Sabre) have launched the Sabre Dynamic Equity Fund.
Sabre Dynamic Equity is a quantitative Long/Short Equity Fund that invests across a broad universe of 800 large/midcap European stocks and 500 large-cap US stocks.
The strategy achieves its performance from exploiting systematic inefficiencies in equity returns driven by typical investor behaviour. The new UCITS Fund is a mirror of the Cayman Fund that Sabre has been managing since early 2013. The Fund provides investors with a defensive equity product, with a flexible range of -30/+80% net exposure. Since the inception of this strategy, the average net adjusted beta exposure
Malaysia-based asset manager Affin Hwang Asset Management Berhad has launched an Asian equity-focused UCITS fund reported Citywire Global Asia this week. The Affin Hwang Capital Asian Series is domiciled in Luxembourg and initially consists of two sub-funds: Select Asia Opportunity Fund and Select Asia Quantum Fund.
According to Esther Thye, the firm’s chief strategy officer, Affin Hwang Asset Management becomes the first Malaysian asset management firm to establish a Lux-domiciled UCITS fund. BNP Paribas Securities Services has been appointed as administrator, transfer agent and domiciliary agent as well as custodian to the fund structure.
Invesco PowerShares this week announced
Catella is to launch a fixed income fund, the Catella Credit Opportunity Fund, which is designed to provide managers with a more flexible approach to generating adequate risk-adjusted returns.
"Record-low interest rates create an especially challenging environment for investors. Many traditional fixed income funds have overly narrow mandates and therefore less opportunity to generate returns in a low interest rate environment, and they may even provide negative returns if interest rates rise," says Magnus Nilsson, one of the fund's managers.
The new fund has a greater toolbox with its broad mandate, in order to better adapt to different market
The CBOE Futures Exchange (CFE) is to launch futures trading on the CBOE/CBOT 10-year US Treasury Note Volatility Index on 13 November.
Futures on the VXTYN Index offer customers a way to hedge pure interest rate volatility risk based on US government debt with a single product for the first time. The VXTYN Index, on which futures on VXTYN are based, is calculated by applying the CBOE Volatility Index (VIX Index) methodology to futures options data from CME Group's 10-year US Treasury note contract – one of CME Group's most actively traded interest rate options products.
"The market for
