Managers
Crown Capital Partners, a provider of growth capital to mid-market companies, has completed a USD50 million closing for Crown Capital Fund IV, bringing the current total capital committed to the Fund to USD225 million.
To date, USD190 million has been invested by the Fund in nine transactions, and, net of repayments, USD167 million is currently invested.
“This upsizing further underscores the quality of our growing portfolio and the strong demand from our institutional limited partners,” says Chris Johnson (pictured), Crown’s President & CEO. “We continue to deliver on our key milestones. We have completed four transactions to date in
Keith Smith and Willow Oak Asset Management have launched a private investment partnership named the Bonhoeffer Fund, LP.
The Bonhoeffer Fund’s portfolio will be managed by Keith Smith with administrative support provided by Willow Oak Asset Management, a subsidiary of Sitestar Corporation (OTCQB: SYTE). Smith will employ a long-only, concentrated, value-oriented strategy with a focus on global securities of companies with market capitalisations of USD100 million to USD500 million.
“This partnership gives outside investors an opportunity to access the investment strategy that I have developed and executed for more than 15 years across various international markets. Bonhoeffer Fund will
Alternative asset management firm Magnetar Capital (Magnetar) has opened a new office at Heritage Plaza in downtown Houston, Texas, to support the firm’s expansion of its energy franchise.
“Magnetar is establishing a Houston office to manage the firm’s growing investment activities in the energy sector,” says Ernie Rogers, Chief Operating Officer at Magnetar. “We believe this infrastructure expansion will nicely complement our existing footprint, while also adding value for our clients and energy sector relationships.”
Led by partners Eric Scheyer and Adam Daley, Magnetar’s energy business began investing in the North American energy sector in 2005 and today manages
Alternatves manager LCM Partners has acquired a significant European portfolio of non-performing and re-performing loans. This landmark deal sees LCM purchase EUR3 billion of assets, comprising over 400,000 individual loans of secured and unsecured, consumer, auto, leasing and SME loans which were originated in the UK, Germany, Italy and Spain.
Investing via the LCM Credit Opportunities III strategy this purchase takes the total deployment to EUR1.3 billion. Managing EUR19.5 billion of loan value, LCM Partners is one of Europe’s largest investors in private debt.
“This transaction is a great example of how LCM is able to leverage its
The Saemor Europe Alpha Fund posted a modest decline of 0.4 per cent in June, bringing the year-to-date return to a positive 2.1 per cent.
Most factors in the firm’s multi factor model did reasonably well in June, but the outperformance of lower quality Banks and a drop in Energy and Materials stocks held the Fund back during the latter part of the month.
“With the market taking a step back since reaching highs in May, our defensive stance was on the mark, but style performances were less clear cut than the direction of the overall market. High beta
Michaël Malquarti (pictured), manager of Quaero Capital’s Argos European Equities Long Short Equity strategy, believes European equity markets continue to point to a mid-term bullish picture, from a technical standpoint.
The strategy aims to profit from pockets of market inefficiencies through the application of a systematic and objective investment decision process. By combining powerful value and momentum criteria, the model objectively preselects stocks that statistically offer an attractive performance potential.
“Up to May, out of the selected stocks held constituting the long leg of the portfolio, 53 per cent had a positive absolute price performance and 47 per cent
The Lyxor Hedge Fund Index was down 0.9 per cent last month, with four out of 10 Lyxor indices in positive territory, according to the latest Lyxor Alternative Investment Industry Barometer.
Event Driven funds continued to extend their steady progress in June, supported by their exposures to healthcare and financials. Fixed Income Arbitrage manages outperformed, while CTAs suffered from the bond correction.
“Most micro strategies benefitted from an improving alpha environment since mid-2016. We expect more demanding conditions going forward,” says Jean-Baptiste Berthon (pictured), Senior Cross-asset Strategist, Lyxor Asset Management.” We focus on deep value L/S Equity and Special
Regulatory and fee pressures are forcing the hedge fund industry to evolve, but a lively panel debate at the annual Linedata Exchange Europe client conference in London affirmed that with the right investment approach, infrastructure and distribution strategy, hedge funds will continue to succeed.
Paul McLernon, COO, Pensato Capital said that while regulation is driving up costs and complexities in product development and capital raising, it can also bring about positive change. “We should embrace change as an opportunity,” he said.
MiFID II compliance is a major undertaking for hedge funds and service providers alike. Geoff Galbraith, COO, Man
Tages Capital, in partnership with New York-based alternative investment manager, Atreaus Capital, has launched the Tages Atreaus Macro UCITS Fund.
The new fund is the fifth UCITS alternative fund launched by Tages in the last 12 months, providing UCITS investors with another differentiated hedge fund strategy. The Fund offers investors access to Atreaus’ proven expertise in macro portfolio management within UCITS limits and guidelines. The Fund is launching with a minimum of EUR25 million of institutional capital.
Atreaus is an established global macro hedge fund manager, founded in 2012, with more than USD1.35 billion in assets under management. Atreaus
FundCount, LLC, a provider of accounting and investment analysis software, has achieved the strongest first-half results in the company’s history with the signing of 11 new family office and fund administration clients across the Americas and Asia up to 30 June.
A solid pipeline for the second half of the year suggests that FundCount is poised to continue its impressive growth.
Founded in 1999 and privately owned, FundCount has steadily been gaining market share through increased brand recognition and word-of-mouth as a result of its powerful integrated partnership, portfolio and general ledger accounting solution. FundCount is used by family
