Managers
Hedge funds gained in June as the US Federal Reserve raised interest rates and oil prices extended sharp declines, while equity market volatility remained near historic lows, according to data released today by HFR.
The HFRI Fund Weighted Composite Index advanced 0.4 per cent for the month, the eighth consecutive monthly gain and the 15th gain in the last 16 months, led by strong performance in Emerging Markets, Equity Hedge and Healthcare exposures. June performance topped the Nasdaq and European equities, and brings H1 2017 performance to +3.7 per cent, also extending the record Index Value for the HFRI to
H2O Asset Management (H2O), a specialist in global macro multi-strategy investment management, is to acquire Arctic Blue Capital, a systematic commodity-focused manager, from Stable Asset Management. The terms of the deal have not been disclosed.
The deal brings together two highly complementary investment managers and is a response to increasing client demand for investment strategies suited to a changing inflationary environment.
H2O, which was founded in 2010 and currently manages USD14.6 billion on behalf of clients, will provide extensive infrastructure and operational support to enable Arctic Blue to pursue its next level of growth. Arctic Blue, which will continue
CBOE Holdings is planning to list options on Blue Apron Holdings (APRN), a meal-kit delivery service.
CBOE Holdings anticipates trading in options on Blue Apron will begin on Monday, 10 July, at Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), once the underlying stock has been certified as meeting all of CBOE Holdings’ applicable exchanges’ listing criteria.
CBOE Holdings plans to list Blue Apron options on its BZX Options and EDGX Options exchanges on Tuesday, 11 July.
Underlying shares of Class A common stock of Blue Apron began trading on the New York Stock Exchange (NYSE)
Jemekk Capital Management, a Toronto-based alternative investment management firm that offers wealth management products for high net worth, family office, fund-of-funds and small-to-mid-sized institutional investors, is to act as portfolio sub-advisor for the LOGiQ Hedge Fund, LOGiQ Global Opportunities Class and LOGiQ Global Balanced Income Class.
Frank Mersch (pictured), was the individual portfolio manager for these funds during his time at LOGiQ. Having recently joining Jemekk Capital as Portfolio Manager and senior member of the team, he will continue to manage these funds as he has since their inception.
Mersch, an industry leader and well-respected money manager, will continue
All of Societe Generale Prime Services’ CTA indices posted negative returns at the end of June, despite being in positive territory up until the last week of the month.
The SG CTA Index closed the month down 3.47 per cent, and is now down 3.48 per cent for the first half of the year. Short term strategies fared slightly better, but the Short Term Traders Index still closed the month down 1.06 per cent.
The end of June was particularly difficult for trend followers. Mid-month the Trend Index had been enjoying a positive run of performance, up +3.08 per
Stabilis Capital Management, has closed its Fund V with USD525 million in commitments from investors. The closing of Fund V takes the firm’s raised funds to a total of USD1.7 billion since its founding in 2010.
Stabilis focuses on identifying and creatively structuring new investment opportunities with high risk adjusted returns while mitigating downside risk.
“I am pleased with Stabilis’ success and delighted by our continued ability to serve our investors. We look forward to continuing to use our specialised focus to invest in high return opportunities that are primarily secured by real estate and where we believe a
MidOcean Credit Partners, an affiliate of MidOcean Partners, a premier New York-based alternative asset manager, has closed a USD600 million collateralised loan obligation (CLO), MidOcean Credit CLO VII.
The transaction was led by Goldman Sachs & Co.
The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have a four-year reinvestment period and a two-year non-call period. The transaction is MidOcean’s first CLO structured to comply with US risk-retention rules.
Jim Wiant (pictured), Managing Director at MidOcean Credit Partners, says: “The successful closing of CLO VII, MidOcean’s largest CLO to date, demonstrates our
The Luxembourg Stock Exchange (LuxSE) has listed the first ever Reserved Alternative Investment Fund (RAIF). The new RAIF was brought to market by Finexis and has been listed on the Euro MTF market.
RAIFs are a new type of vehicle that combine the characteristics and structures of specialised investment funds (SIFs) and investment companies in risk capital (SICARs) qualifying as Alternative Investment Funds (AIFs). However, unlike traditional AIFs, RAIFs are not subject to approval from Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier, also known as the CSSF.
The Law of 23 July 2016, which came into effect
SEI has acquired Archway Technology Partners, a provider of operating technologies and services to the family office industry and the institutions who service that market.
SEI says the move will allow it to better serve the family office segment, and address additional verticals, including institutions, investment advisors, private banks, hedge funds, and private equity funds.
“This announcement represents a modest shift in SEI’s long-held belief in purely organic growth. We believe there is value in growing through carefully considered strategic acquisitions that add to our expanding geographic footprint, market reach, platform functionality and expertise,” says Alfred P West, J, Chairman and
Preqin’s latest research examines two ways of defining emerging hedge funds (EHFs); ‘small’ first-time funds with USD300 million or less in AUM, or ‘new’ first-time funds with a three-year track record or less.
Preqin finds that each group has posted higher returns across 12-month and 3- & 5-year annualised horizons compared to the wider fund industry. ‘New’ EHFs in particular have posted higher rolling 12-month performance than the wider industry for most of the past five years. While this level of performance has historically been accompanied with a higher level of volatility, three- year volatility for ‘new’ EHFs has converged
