Managers
Hedge Funds lost 0.31 per cent in June according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 0.62 per cent increase in the S&P 500 Total Return Index. Year to date, the Barclay Index is up 0.69 per cent, while the S&P has gained 2.66 per cent.
“Although US equity prices rose in June, almost all of the MSCI regional indices lost ground, and most hedge fund strategies ended the month with losses as well,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Twelve of Barclay’s 17 hedge fund indices had losses in June, while five had
iM Global Partner has acquired a minority interest in Boston-based, long-short equity manager Sirios Capital Management (Sirios).
The investment will enable Sirios to continue to support its current investment strategies and provide exceptional client service throughout the US and abroad.
iM Global Partner (previously branded iM Square) is a leading investment and development platform dedicated to global asset management. Its objective is growth investing in traditional and alternative entrepreneurial investment firms in the US, Europe and Asia, to whom it provides financial, distribution and operational support.
Sirios is an employee-owned investment firm with USD2.3 billion in AUM. It provides
The partners of Bedell Cristin have announced a plan to merge with Cayman-based law firm, Solomon Harris. It is hoped that the deal will complete by the end of August, and Solomon Harris will rebrand as Bedell Cristin at a later date.
Founded in 1998, Solomon Harris is a full service law firm employing 28 people in Grand Cayman. It has been awarded recognition for its legal expertise across a broad range of services including as a premier firm for captive insurance and investment funds, capital markets, inward/local investment, private client services, corporate/residential real estate, immigration, litigation and insolvency &
AlphaCentric has launched the AlphaCentric Small Cap Opportunities Fund (SMZIX) which seeks long term capital appreciation and focuses specifically on the equities of small capitalisation companies primarily based in the US.
The management team uses proprietary, bottom-up research to identify companies that have under-appreciated earnings potential and exhibit reasonable valuations. Designed to mitigate valuation risk, the Fund typically takes positions in companies with valuation multiples that are near or below historical averages.
“This newest addition to the AlphaCentric Funds family is one that aims to offer investors exposure to small cap companies without the typical volatility that comes with
Hedge funds were down 0.32 per cent in June ending the first half of 2018 on a flat note with a 0.06 per cent gain. In contrast, the MSCI World Index (Local) was down 0.01 per cent as of June 2018 year-to-date.
On a year-to-date basis, 5 per cent of hedge fund managers have posted double digit gains, mostly concentrated on the North American long/short equities mandate. In contrast, almost 15 per cent of fund managers posted double digit gains over the same period last year.
North American fund managers topped the table among geographic mandates, gaining 0.25 per
These are propitious times for European infrastructure managers. The European Commission has estimated that around EUR200 billion is needed to upgrade Europe’s infrastructure during the current decade for transmission grids and gas pipelines.
“Clearly the opportunity set in infrastructure is vast and continuing,” comments Martin Lennon, Co Founder and Head of Infracapital, one of Europe’s leading infrastructure investors. Part of M&G Prudential, Lennon co-founded Infracapital with Ed Clarke in 2001, since when it has subsequently raised and managed more than GBP5 billion across five funds.
“Existing infrastructure in Europe needs to be kept relevant in today’s world. There are
Traditional European infrastructure is going through a period of transition. Digital communication technology and a push towards sustainable energy production is leading to a move away from a centralised, regulated and vertical model to more of a distributed, connected model that scales laterally.
This is giving rise to a slew of new investment opportunities in key areas such as transport and e-mobility, sustainable energy and digital communication as EU countries seek out ways to upgrade ageing infrastructure to respond to 21st century living.
One of the key components to making this happen is having the right investment partners to bridge the
European infrastructure is an exciting space today for investors. Mega trends, such as digitalisation, decarbonisation, and changing city demographics (in terms of transportation and mobility) are pushing countries to re-think their infrastructure systems and re-engineer them to cope with 21st century living.
Within the energy space alone, this means reducing reliance on coal fired power stations, decommissioning nuclear power stations, and a continued commitment to investing in renewable energy sources. According to the International Energy Agency’s World Energy Outlook 2017, the proportion of total global electricity generated by renewables will increase from 24 per cent in 2016 to 40 per cent
Jupiter has launched Jupiter Merlin Real Return, a UK domiciled unit trust managed by Jupiter’s Independent Funds team.
The fund, a UK-domiciled NURS version of the Jupiter Merlin Real Return Portfolio (SICAV), is an actively managed multi-manager portfolio that aims to deliver a return of 3 per cent net of fees above the Consumer Price Index over three-year rolling periods.
The team will manage the new portfolio with the same philosophy at the heart of the existing Jupiter Merlin range: to invest in the right people, in the right quantity, at the right time. The fund will be heavily
Hedge funds posted mixed performance in June as trade tensions increased around fluid tariff negotiations and proposals, while the US Federal Reserve increased interest rates and M&A activity remained strong.
The HFRI Fund Weighted Composite Index (FWC) declined -0.46 per cent for the month, as gains in Event-Driven strategies were offset by declines in Equity Hedge, Relative Value and Macro strategies, according to data released today by HFR, the established global industry leader in the indexation, analysis and research of the global hedge fund industry. The June decline for the HFRI FWC pares its H1 2018 gain to 0.8 per
