Managers
Mediatrix Capital Fund has launched as a Bloomberg-listed closed-end hedge fund administered by Sterling Fund Services, audited by KPMG, and domiciled in the Bahamas.
Parent company Mediatrix Capital will raise USD1 billion in investments into the new Mediatrix Capital Fund.
The primary focus of the fund is to trade the FX spot and complex OTC FX options strategies, through the Forex markets and trading mostly G-7 currencies, including the US, Japan, European Union, UK and Canada. Currently, the fund trades primarily in the off exchange OTC FX spot/options for currencies spot gold, silver, platinum and palladium.
Mediatrix Capital,
Linedata, a solutions provider to the investment management and credit industries, is to acquire Gravitas Technology Services, a provider of middle office and technology services to the hedge fund industry.
Gravitas is based mainly in New York and Mumbai.
Gravitas provides its services using a technology platform that integrates proprietary and third-party tools. Through outsourcing, its customers access services based on a variable, shared cost model.
With over 80 staff in the US and 180 in India, Gravitas supports over 80 asset managers of all sizes in North America.
In 2016, the company achieved revenues of USD26.5 million.
By J D David, Meyler Capital – “If the alternatives industry were to build freeway signs, they would put a paragraph on them rather than one word and an arrow.” – Kyle Dunn, Meyler CEO
Kyle has been making this argument since founding the firm five years ago. The obvious point: the industry is way too verbose and it lacks imagination.
The alternative investment space has become incredibly mature and competitive in a relatively short period of time. While investment strategies have evolved, the marketing of these strategies has not. What was appropriate 10,000 funds ago is no longer appropriate today.
Context Asset Management, a provider of alternative mutual funds for retail and institutional clients, has launched the Context Strategic Global Equities Fund (Institutional Shares: CGPGX).
The fund, which is sub-advised by Granite Peak Asset Management, , uses a consistent and repeatable systematic investment process and is designed to deliver exposure to global developed equity markets, while providing downside protection in severely declining markets.
The fund will primarily invest in developed equity index futures with a risk mitigation overlay and a modest value tilt.
"Recent market shocks have shown how investing in unprotected risk premia can lead to extreme
IS Prime Risk Services, an affiliate of IS Prime, has acquired the assets of Think Liquidity, a provider of risk management focused technology and services.
The acquisition, for a non-disclosed sum, is a key part of the group’s strategy to offer risk management services to brokers worldwide.
Jeff Wilkins, managing director of Think Liquidity, will continue as managing director of IS Prime Risk Services.
“Our goal is to deliver the best products and services industry-wide. The synergies created out of this deal further enhance the ability to achieve that goal. This deal was an easy decision for both
Alternative investment advisory firm AlphaCore Capital has doubled its assets under administration to approximately USD205 million following the acquisition of a San Diego-based registered investment adviser and the addition of five new team members.
The firm's expansion will double assets under advisement, with approximately USD205 million as of year-end, after launching less than 24 months ago.
The firm has used alternative investments as the central theme in well-balanced portfolios. The recent expansion will increase the firm's capacity to serve the increasing number of investors and advisers who are turning to alternative investments as a core part of their investment
Directed Capital, a distressed asset workout specialist firm that acquires, manages and resolves distressed commercial mortgage loans, has closed its seventh fund at USD77 million, its highest-grossing fund to date.
Additionally, the firm has announced a USD40 million increase in the firm’s revolving credit facility from Goldman Sachs Bank USA from USD60 million to USD100 million.
The fund already has acquired more than USD180 million in assets, and quarterly distributions to investors began in the first quarter of 2016.
Since 2001, Directed Capital has sponsored seven funds, raising more than USD200 million in equity and acquiring more than
Professional Partners Administration has reached an agreement to sell its authorised corporate director (ACD) operation, Fund Partners, to independent Luxembourg-based fund management company FundRock Management Company.
Subject to regulatory approval and final contract details, the two parties hope the agreement will be signed and sealed within the next two to three months.
Professional Partners chairman Paul Wilcox says: “We acquired Fund Partners from IFDS a few years ago, where it operated more or less as a service company for fund managers using their administration services.
“We have worked hard on turning it into the UK’s leading independent ACD
Visible Alpha has acquired ONEaccess, a corporate access, resource tracking and broker valuation platform with more than 185 contributing sell-side firms and 150 buy-side client firms.
The purchase of ONEaccess will enable Visible Alpha to accelerate its goal of changing the way investment professionals uncover and measure insights from sell-side content, including research, financial models and corporate access.
Since its inception in 2014, ONEaccess has been fostering improved collaboration between brokers and their clients. Its sell-side solutions have brought greater efficiencies and transparency to the distribution, control, and reporting of broker content. Through a single access point, sell-side clients can
HFR’s latest report finds that total hedge fund industry capital rose for the third consecutive quarter, surpassing the USD3 trillion milestone for the first time.
Total assets increased by USD46.8 billion in 4Q16, ending the year at USD3.02 trillion, the second consecutive quarterly record for industry capital. For the full year 2016 (FY16), total hedge fund industry capital increased by USD121 billion, the largest annual increase since 2014.
The growth of hedge fund assets occurred against a challenging backdrop of continued investor withdrawals, as redemptions totalled USD18.7 billion in 4Q16 (0.63 per cent of industry assets at the beginning the
