Managers
Asia Pacific Exchange (APEX), a new derivatives exchange and clearinghouse, based in Singapore, has gone live with core functions operating on technology from the Cinnober Group.
APEX’s independent clearinghouse, Asia Pacific Clear Pte Ltd, runs on Cinnober’s TRADExpress RealTime Clearing, a comprehensive real-time clearing system for OTC and exchange-traded markets. Irisium, a subsidiary within the Cinnober Group and leading provider of market surveillance and analytical software for financial organisations, provides APEX’s market surveillance system. Using Irisium’s platform, APEX will be able to identify in real time and investigate manipulative and suspicious trading behaviours.
The first contract to trade on
Hedge fund investors held their ground in March 2018, according to the Barclay Fund Flow Indicator, even as the equity market correction entered its second month. Industry assets climbed to an all-time high of USD3.0 trillion.
Data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry, exclusive of CTAs, added USD6.1 billion (0.2 per cent of assets) in March, down 64.0 per cent from February. Hedge funds have added assets in 10 of the past 12 months, according to the Barclay Fund Flow Indicator, a monthly big-picture report on the health of
AGF Management, with USD37 billion under management, has completed its acquisition of 100 per cent of FFCM, to further strengthen their quantitative investing and ETF platform brought to market under the AGFiQ banner.
“Today, we further build on our strategic plan to diversify across the investment spectrum,” says Judy Goldring, Executive Vice-President and Chief Operating Officer, AGF. “Through organic growth and acquisition, we have been able to launch new platforms and develop innovative products.”
The firm writes that in November 2015, AGF acquired the majority of the equity of FFCM, a Boston-based boutique asset manager and ETF strategist
Hedge funds globally have allocated at least USD59 billion to responsible investment (RI), according to a survey by the Alternative Investment Management Association (AIMA) and the Cayman Alternative Investment Summit (CAIS).
The survey of 80 asset managers with USD550 billion in hedge fund assets under management (AUM) provides evidence of an increasing level of demand for RI across the hedge fund industry.
Around 40 per cent of the respondents said they are already investing using responsible investment principles, with total assets in such investments worth USD59 billion – a little over 10 per cent of the respondents’ combined hedge
Net sales of UCITS and AIFs totalled EUR47 billion in March 2018, up from EUR25 billion in February, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS registered net sales of EUR38 billion, up from EUR11 billion in February.
Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR42 billion, down from EUR47 billion in February.
Net sales of equity funds totalled EUR14 billion, down from EUR25 billion in February, while net sales of bond funds totalled EUR3 billion, down from EUR4 billion in February, and net sales
Hedge funds focused on the Middle East and Russia/Eastern Europe led Emerging Markets (EM) hedge fund performance through early 2018, as the US Dollar strengthened and the US Federal Reserve continued increasing interest rates.
The HFRI Emerging Markets (Total) Index posted a narrow gain of 0.08 per cent YTD through April, paring the gain of 4.0 per cent in January and following the gain of 19.4 per cent for all of 2017, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index,
HSBC Global Asset Management has held the final close of its first dedicated HSBC Diversified Loan Fund, which combines both loan investing and direct lending within a fully managed, alternative credit solution.
With close to USD800 million raised since its launch, the fund has proved popular with investors looking for a diversified, core loan solutions.
The fund will primarily invest in floating rate, senior secured credit instruments such as syndicated loans, as well as senior secured and unitranche loans to middle market companies. The combination of loan investing and direct lending increases the opportunity set for the fund and
FTI Consulting has launched FTI Capital Management (Cayman) Limited, a US Securities and Exchange Commission (SEC) registered investment adviser focused on dealing with wind-downs of investment funds.
FTI Capital Management offers a new alternative to extract value for investors by replacing existing managers and returning capital to investors in a focused and cost-effective way.
FTI Consulting is one of the most active restructuring firms for investment funds in the Cayman Islands. FTI Capital Management will complement its existing liquidation, independent director and other financial advisory services, to offer a full range of wind-down options for funds.
“Traditionally, the
The latest monthly hedge fund brief from Lyxor highlights that hedge fund performance since the end of March has been flat, according to several benchmarks.
The industry has deleveraged during the market turbulence in February and March and has thus not fully captured the market rebound in Q2 to date.
From the perspective of hedge fund strategies, the outperformance of Event-Driven, Global Macro and Relative Value Arbitrage was offset by the underperformance of L/S Equity and CTAs.
“Our views have marginally changed lately. While we continue to express an Overweight stance on Event-Driven and Fixed Income Arbitrage and
McLarty Capital Partners (MCP), a private capital provider to small- and medium-sized enterprises (SMEs), has rebranded as The Firmament Group (Firmament).
The new name reflects the firm’s evolution from an extension of the McLarty family office to a global investment platform focused on turning small business into big business. Firmament provides tailored debt and equity capital solutions directly to SMEs in the form of unitranche senior debt, junior debt, structured equity and common equity.
MCP was founded in 2012 by Franklin McLarty and Christopher Smith to support the robust capital needs of small businesses, a traditionally underserved portion
