Managers
Linear Investments allows emerging managers to leverage its managed account platform, enabling them to utilise multiple managed accounts, and avoid having to go down the costly route of setting up a hedge fund on day one.
“At this date, Linear has 105 active hedge fund/managed account prime brokerage clients live. Over the past three months we have brought on 10 new clients; five prime brokerage, one managed account and four hedge funds. We are actively in discussion with 12 new clients (two thirds based in the UK) who are thinking of joining the Linear platform, in addition to several early
Large institutions face a Catch 22 when it comes to investing in hedge funds. On the one hand, despite performance having been muted for the last few years, institutions still broadly appreciate their importance as part of a diversified portfolio. On the other hand, negative media coverage that continuously compares hedge fund performance to the broader markets, not to mention continued questioning over exorbitant fees, means that institutions face external pressures to justify their allocations.
“What is interesting is that the major flows into hedge funds really seem to be driven by the super institutions such as public and private
Lyxor Asset Management runs one of the most well established MAPs in the hedge fund industry, having established it in 1998. It has seen a lot of hedge fund talent come and go over that time.
When it comes to investing in emerging managers, Lyxor is well placed to provide investors with the confidence, and assurances, needed. Whilst historically, emerging managers have tended to outperform larger established names – thereby making them an appealing alpha generator component to a portfolio – they often have less robust infrastructures. This is a risk for institutions.
As Daniele Spada (pictured), Head of Lyxor
Managed accounts are proving to be an effective tool for institutions to better control fee structures in hedge funds. What’s more, by building customised mandates using carve-outs of managers’ strategies, investors are able to enjoy a better investment experience that fits their individual risk appetite.
An article by CNBC on 17 October 2016 revealed that New York state had paid hedge fund managers USD1 billion in fees over the last eight years. The New York State Department of Financial Services said pension investments in hedge funds had been a giant failure, resulting in USD2.8 billion in underperformance.
This is exactly the
Aston Hill Financial has completed a transaction with Front Street Capital 2004 and Tuscarora Capital to combine their respective companies, creating a new independent asset management firm LOGiQ.
Effective immediately, Joe Canavan is the new chief executive officer of the company and the board of directors is now comprised of Dr Eldon Smith, Nevin Markwart, Catherine Best and Donna Toth, together with Canavan.
"We see tremendous opportunity for a strategic, technology-driven, active management firm in the current environment," says Canavan. "LOGiQ is committed to ensuring that all investors have access to the insight and execution required to produce consistently
The valuation of European stock markets is proving less attractive than previously, notably because of higher long term government bond rates, according to Renaud Froissart, manager of the Quaero European Long Short Equity Fund.
The fund returned minus 2.7 per cent in October 2016 versus minus 1.0 per cent for the HFRX Equity Hedge EUR Index, but since inception on 20 February 2014, the fund is +5.7 per cent versus -5.5 per cent for the HFRX Equity Hedge EUR index.
Through October, the net investment rate was +60 per cent (comprised of 80 per cent long individual stocks and
Hedge fund data provider HFR reports that hedge funds advanced in November, as the surprising victory of Donald Trump in the US Presidential election drove expectations for renewed growth, infrastructure spending and reduced regulation.
The HFRI Fund Weighted Composite Index (FWC) Index gained +0.9 per cent in the month, with the Index Value rising to 12,841.95, the highest level since May 2015 and second highest since inception (1990).
The November advance reverses the decline from the prior month, represents the eighth monthly gain in the past nine months, and brings YTD performance to +4.6 per cent, topping global equities. The
Venezuela will continue repaying its debt normally in 2017 as it has done since 2014, repaying USD32.4 billion of capital, according to hedge funds Adar Capital Partners.
In the event that Venezuela should have no access to international markets in 2017, it would only need to pay off USD6.6 billion – not so great given Venezuela's size and potential.
Diego Marynberg, portfolio manager at Adar Capital, says: “Since the beginning of the second half of 2014, when the price of oil began shooting down from over USD100 per WTI barrel to its minimum of USD26 in March this year
StepStone Group has closed the acquisition of Swiss Capital Alternative Investments, a European private debt and hedge fund solutions provider.
The transaction was originally announced in May 2016, and has been in the process of receiving regulatory approvals since then.
As part of the transaction, StepStone has launched StepStone Private Debt and StepStone Hedge Funds, which combines the firm’s existing global private markets capabilities and institutional client network with Swiss Capital’s expertise in the private debt and hedge fund strategies. The enhanced platform aims to deliver superior risk-adjusted returns through highly customised portfolios.
Monte Brem (pictured), chief executive
Franklin Templeton Investments has held the soft launch of the FTIF Franklin K2 Long Short Credit Fund, a sub-fund of the Luxembourg-registered Franklin Templeton Investment Funds (FTIF) SICAV range.
This is the third liquid alternatives offering made available in the FTIF range, closely following the launch of the Franklin K2 Global Macro Opportunities Fund last month.
Luxembourg-based investors will be able to access the new fund from 16 December 2016.
The multi-manager fund seeks total return over a full market cycle through a combination of current income, capital preservation and capital appreciation, while providing daily liquidity and a
