Funds
Preqin evaluates investor appetite for liquid alternatives and managed account structures, and examines the reasons behind investors’ growing interest in these specialized structures, based on the results of surveys with 100 institutional investors in hedge funds and 150 hedge fund managers.
In recent years, demand for greater liquidity and transparency among institutional investors has led to growing appetite for liquid alternatives and managed account structures.
These fund structures offer investors an alternative to pooled hedge fund investments and help to make hedge fund strategies accessible to different investor groups which may have previously been unable to invest in the asset
Privium Fund Management has launched the Privium Sustainable Alternatives Fund, which aims to achieve long-term capital growth by investing in investment funds focused on sustainable alternatives.
This includes micro finance funds and sustainable real estate.
The fund is structured as a Fund For Joined Account (FGR), domiciled in The Netherlands and registered with the Autoiteit Financiele Markten (AFM).
Privium has appointed Triodo MeesPierson Sustainable Investment Management BV as the fund’s investment advisor. Since launch in September, the fund has already received subscriptions totalling more than EUR215 million.
Mark Baak, director at Privium Fund Management, says: “We are
Vanguard this week launched four Irish-domiciled Exchange Traded Funds (ETFs) on the London Stock Exchange. The new funds complement Vanguard’s existing ETF range and will give UK investors the opportunity to construct low-cost equity portfolios with greater international diversification.
Vanguard Asset Management now offers thirteen ETFs in the UK. Since launching its range in May 2012, Vanguard now has more than USD10bn in European ETF assets under management.
The new ETFs will seek to track the performance of broadly diversified FTSE indices. The ongoing costs for Vanguard’s European ETF suite range from 0.07 per cent to 0.29 per cent
Castle Hall Alternatives has formed a partnership with SwissAnalytics, based in Zurich, to extend the reach of the OpsDiligence online diligence platform.
SwissAnalytics, founded in 2008, is a due diligence firm which has completed operational diligence on more than 400 fund entities.
“We’re delighted to partner with Castle Hall,” says Christian Nauer, CEO of SwissAnalytics. “SwissAnalytics and Castle Hall have, since inception, both adopted an identical business model, orientated around client service, independence of opinion, and lack of conflicts of interest. Both our firms believe that, to be effective, a diligence provider should only service the buy side investor
FinEx group has entered the commodities arena through the establishment of a specialist boutique business providing hedging and risk management services to commodity producers and consumers on a global basis.
The business enterprise established through FinEx Commodity Partners will provide a full range of over-the-counter (OTC) solutions and transactions to a global client base, through the creation of hedging programmes and strategies specifically tailored for each client’s individual demands.
FinEx group has assembled a team of eight commodity and structured product professionals, led by Simon Smith, former managing director and head of OTC commodity solutions at Jefferies Bache in
Neuberger Berman is to purchase Ramius’ interest in Orchard Square Partners, which manages a global long/short credit investment strategy with approximately USD475 million in client assets.
Orchard Square Partners is led by four senior investment professionals, Norman Milner, Rick Dowdle, Darren Carter and Itai Baron, who have worked together for over eight years and have an average of 18 years of experience.
The team is supported by seven professionals who will also be joining Neuberger Berman.
Orchard Square Partners manages capital for a diversified investor base comprised of insurance companies, institutions, family offices, high net worth individuals, foundations
Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach.
The new fund expands GSAM’s liquid alternatives platform to seven funds.
“We seek to identify secular changes in industries, markets and consumer behaviour that will positively or negatively impact companies. We are typically looking for investment opportunities with asymmetric risk/return profiles and identifiable catalysts,” say Raanan Agus and Kenneth Eberts, co-heads of the Goldman Sachs Investment Strategies (GSIS) portfolio management team. “We strive to build a hedged portfolio with the flexibility
Makor Group, a brokerage serving hedge funds and institutional clients from offices in five financial centres, has placed a five-year corporate bond listed on the Frankfurt Stock Exchange.
The financing will underpin further expansion for Makor, following its recent acquisition of New York brokerage Oscar Gruss and Son and senior hires including Nicolas Marmurek, Ian Brenner and Mark Edwards to London cash equity sales.
The bond has a maturity of five years with a yield of 7.5 per cent, due semi-annually. The placing was oversubscribed, with investors drawn from a range of institutional and private clients.
Makor Group’s
Pictet Select-Global Long/Short Equity has attracted close to EUR200 million in commitments since its launch on 29 August 2014.
The fund, which is managed by Geneva based Pictet Alternative Advisors (PAA), will be initially offered via a selection of ABN AMRO’s international private banking distribution channels.
Pictet Select-Global Long/Short Equity invests in 10 to 15 UCITS-compliant hedge funds within long/short equity and event-driven strategies. The portfolio has a weekly liquidity and is purposely diversified across sectors, regions and management styles to achieve efficient exposure to equity markets. The portfolio allows investors to participate in equity market upside while limiting
Gottex Fund Management, an independent provider of alternative, multi-asset and Asian investment solutions for institutional and retail investors, has completed its merger with EIM Group.
A total of 14 million shares have been listed on SIX Swiss Stock exchange as of 30 September 2014.
