Funds
AllianceBernstein has launched three new liquid alternative mutual funds, Credit Long/Short (ALASX), Multi-Manager Alternative Strategies Fund (ALATX) and Long/Short Multi-Manager Fund (LSAMX).
These three new mutual funds join AllianceBernstein's fast-growing USD19 billion alternatives platform.
"Our liquid alternative strategies are resonating with investors because we're providing them access to highly specialised funds run by leading institutional managers, yet with daily liquidity, transparency and risk management," says Robert Keith, Head of AllianceBernstein's Client Group. "We launched Credit Long/Short and our Multi-Manager strategies to respond to our clients' demand for services that offer diversification from traditional stocks and bonds, while reducing sensitivity to
The London Metal Exchange (LME) has been appointed by the London Platinum and Palladium Fixing Company Limited (LPPFCL) to be the new provider of London platinum and palladium prices.
The LME’s custom-built electronic solution, LMEbullion, will provide a pricing methodology that fully meets the administrative and regulatory needs of market participants including the IOSCO Principles for Financial Benchmarks. LMEbullion is already at an advanced stage of development and will be ready in advance of the anticipated go-live of 1 December 2014.
“We are delighted to have been appointed by the LPPFCL and precious metals market participants to be the
Despite infrastructure fundraising showing signs of growth, achieving a successful fundraise is more difficult than ever in such a competitive market. Preqin examines which funds are more likely to achieve their target size and the key factors for fundraising success.
As Q3 2014 draws to a close, the unlisted infrastructure market appears to show slight signs of improvement, with the USD25bn raised by 26 funds reaching a final close this year so far exceeding the capital raised from Q1 to Q3 2013, when USD23bn was raised by 41 funds closing. Additionally, unlisted infrastructure funds are increasingly exceeding their target sizes,
Man Group as reported a 25 per cent increase in funds under management (FUM) to USD72.3 billion at 30 September 2014 (30 June 2014: USD57.7 billion).
The acquisition of Numeric and Pine Grove added USD16.2 billion of assets, net inflows and performance adding another USD1.3 billion of FUM and negative FX movements reducing FUM by USD2.9 billion
Net inflows in the quarter totalled USD0.4 billion, comprising sales of USD4.5 billion and redemptions of USD4.1 billion with net inflows into quant alternatives and long only strategies being partially offset by net outflows from discretionary alternatives, fund of funds alternatives and
Following industry debates that the leveraged buyout market has all but dried up, Preqin examines whether or not buyouts and, in particular, public-to private transactions are still attractive to the investment community.
In recent years, trillions of dollars have been spent on private equity-backed buyout deals and they remain the most favoured private equity strategy among investors and fund managers. Public-to-private transactions constitute a very small quantity of buyout deals, but have historically represented a disproportionately large amount of overall buyout value. This article will examine if there has been a shift in the overall private equity buyout landscape, and
Event-driven investment firm Pinyon Asset Management has partnered with alternative asset management firm GCM Grosvenor.
Patrick Burke, former event-driven equity portfolio manager at Sandell Asset Management from 2004-2010, is the chief investment officer and managing partner of Pinyon.
Burke has 20 years of experience managing portfolios in the global event-driven arena. Previously, he served as senior managing director and head of international event-driven proprietary trading at Bear Stearns & Co.
Pinyon’s investment team also includes Geoffrey Postel, Nicola (Nic) Caiano, and Paul Murrell. Previously, Postel was a managing director of global equity trading and event-driven equities at Davidson
ALTIN, the USD245m multi-strategy fund of hedge funds listed on the London and Swiss stock exchanges, outperformed in the year to end September 2014 with its net asset value up 4.45 per cent.
The HFRI FoF Composite Index stood at 2.68 per cent for the same period.


Protection strategies were slightly increased in the third quarter of the year in order to account for a larger volatility risk as the beginning of a tightening cycle in the US approaches.
The current portfolio, which features more than 40 underlying hedge funds and represents over 10 investment strategies, is well
Neuberger Berman Group’s Global Bond Absolute Return Fund recently marked its first anniversary.
The fund, a sub-fund of its Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc, launched on 25 September 2013 and completed its first year with a four per cent gross return, in line with its objectives.
The fund is co-managed by London-based Jon Jonsson and Chicago-based Andy Johnson.
The fund follows a fundamentally driven, relative value approach to find opportunities across fixed income sectors and markets. The team’s consistent, proprietary framework uses a rigorous and repeatable process to collate the views of fixed income
Tikehau IM has held the final closing of its latest senior leveraged loans fund, Tikehau Corporate Leveraged Loan Fund (TCLLF), at EUR230 million, lifting the amount of AUM in its senior leveraged loan strategy to more than EUR700 million.
Tikehau IM sourced commitments from about 10 institutional investors, most of which were insurance companies, who valued the diversification and prospective returns as well as the new regulatory provisions which allow them to count this new type of fund towards their solvency capital requirement.
Mathieu Chabran, managing director of Tikehau IM, says: “We are very pleased with the reception we
Ahead of the Bank of Japan Outlook Report on Tuesday 14 of October, Graham Martin, Managing Director of Optima Fund Management (Europe), comments on the need for inflation in Japan’s weakening economy…
With recent IMF growth projections down, the Japanese government and Central Bank are aligned in wanting to generate inflation in the domestic economy. As we expect that the Central Bank will continue to weaken the currency, investors should continue to hedge exposure on their Japanese investments.
Japan’s economic outlook received the largest downgrade of any country, with its growth expected to fall to 0.9% for this year. Whilst
