Managers
London-based Quadra Capital Partners LLP was established in 2013 and became authorised by the FCA in 2014. An independent investment advisory firm, Quadra launched with a conviction that it could add real value in the liquid alternatives space, in particular to European institutional & family offices clients who prefer UCITS funds.
This led Quadra to establishing a SICAV UCITS platform in Luxembourg and saw the release of its first fund – Quadra Capital Global Equity Alpha – in August 2015; a UCITS V-compliant global long/short equity fund with a USD2 billion AUM capacity.
Guillaume Touze is CEO of Quadra Capital. Formerly,
Alternative fund managers who wish to avoid the limitations of running ’40 Act mutual funds, and the risks that come with having to constantly provide daily liquidity, are turning their attention to closed-end interval funds. UMB Fund Services has a decade of experience providing turnkey solutions for managers looking for an elegant route to market.
Although not a new product innovation, interval funds and registered hedge funds offer fund managers the ability to control redemptions and deliver returns that allow illiquidity premia to be more fully realised. The only difference between the two is that the former has a daily
Lyxor Asset Management has teamed up with Harmonic Capital Partners to launch the Lyxor/Harmonic Macro Fund, the first global macro strategy with daily liquidity on Lyxor’s Alternative UCITS Platform.
The new fund allows investors to leverage on investment opportunities created by the diverging paths of US and European monetary policies and economic activity.
Based on a fundamental analysis of global markets, the Fund specialises in relative value spread trading. Multiple independent investment strategies are traded across 36 markets and a broad set of asset classes (such as bonds, interest rates, G10 and Emerging currencies and equity indices).
This
Harvest Global Investments, a Chinese and Asian markets asset manager, has launched its first UCITS-compliant sub-fund, Harvest China Evolution Equity Fund.
The fund will primarily invest in equity or equity-related securities and will provide investors with access to all Chinese investment channels, including Hong Kong listed securities, China companies listed as ADRs and domestic A-share stocks via the stock connects.
The fund will be managed by Yannan Chenye, portfolio manager and head of China research at Harvest. Chenye joined Harvest in 2015, from Amundi Asset Management, where she was the Greater China investment manager. The investment team implements an
Independent trust, fund and corporate services provider Crestbridge has established a presence in the GCC following its acquisition of Ohad Trust, a Bahrain-based trust, fund and corporate services provider in Manama.
With regulatory consent having now been received from the Central Bank of Bahrain, Ohad has become part of the Crestbridge Group, which also has complementary offices in Jersey, London, Luxembourg and the Cayman Islands.
A full rebranding of Ohad is planned for later in 2017 to bring the business fully under the Crestbridge brand.
Ohad was the first licensed provider of trust services in Bahrain when in
By Dami Oloidi, Meyler Capital
Sonar for ships: Sonar technology is used by ships to map the ocean floor. First, sound signals are sent out, via a transmitter, in the direction of the ocean bed. Secondly, the signals reach the ocean bed and bounce off whatever object they touch. Finally, they reflect back to a receiver to transform the sound signals into an image of the ocean bed.
Underwater features closer to the ship take less time to reflect back to the receiver, as opposed to features further away from the ship. This time differential is used to map the valleys and mountains ranges
Public Pension Capital (PPC) and FiveW Capital, together with existing management, have acquired Viteos Fund Services, a provider of middle‐ and back‐office technology and services for the investment management industry.
The transaction brings together a group of financial and strategic investors experienced in building and growing technology and service providers.
The Viteos management team will continue to lead the company.
Viteos, founded in 2003, provides customised straight‐through‐processing and integrates post‐trade operations for the investment management industry in the US, Europe and Asia. It provides shadow‐accounting services and offers a full range of middle‐ and back‐office outsourcing through its
Cowen Group is to acquire Convergex Group from private equity firm GTCR, Bank of New York Mellon and other shareholders for a total consideration, less certain closing adjustments, of USD116 million in cash and Cowen common stock.
With combined pro forma brokerage execution revenues of over USD400 million in 2016, the transaction expands Cowen’s reach to 108 countries around the globe, including China.
Cowen expects the acquisition to be accretive to economic income per share and return on tangible common equity in 2018.
Convergex is an agency-focused global brokerage and trading related services provider with a client base
ITI Group has acquired a 100 per cent stake in Uralsib Securities.
Based in the UK, Uralsib Securities, now renamed ITI Capital, holds a Financial Conduct Authority license for broker-dealer operations and asset management.
ITI Capital offers direct market access to emerging markets for global clients, and to global markets for its Russian clients. The new London based team will also offer prime brokerage services and a trading platform for algorithmic funds, as well as structured products and technology-focused asset management.
Pavel Naumenko, CEO of ITI Group, says: “The acquisition of a fully licensed UK broker is a huge
USCF has launched the company's first mutual fund, the USCF Commodity Strategy Fund, with SummerHaven Investment Management, a Stamford, Connecticut based commodity trading adviser.
The mutual fund will initially offer two share classes: A shares and I shares.
The fund seeks long term total return and will use the SummerHaven Dynamic Commodity Index (SDCI), which USCF has licensed from SummerHaven's affiliate, SummerHaven Index Management, as its benchmark index.
"We are thrilled to join the mutual fund community by introducing a new product that employs the same commodity selection methodology as our exchange-traded product, the United States Commodity Index
