Managers
JP Morgan Asset Management has launched its first alternative and actively managed exchange-traded fund, JPMorgan Diversified Alternatives ETF (JPHF).
It is designed to provide diversified exposure to hedge fund strategies including equity long/short, event driven and global macro strategies.
JPHF was designed and is managed by Yazann Romahi, global head of quantitative beta solutions at JP Morgan Asset Management. A pioneer in hedge fund beta investing, Romahi created the ETF with the support of a team of 17 investment specialists who have been focused on beta philosophy research and development for more than a decade.
The team manages over
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed.
Wells Fargo GFS administers more than USD42 billion in alternative assets, covering a wide range of complex strategies traded by global portfolio managers including fixed income; credit; distressed; structured credit; macro; equity; commodities; CDO; CLO; private equity; private debt; real estate and hybrid structures. Wells Fargo’s fund administration business services its clients through its global network of offices in Hong Kong, London, New York, Minneapolis
AlphaClone, a provider of alpha-seeking active indexes for long-term investors, has launched the AlphaClone Small Cap Index and AlphaClone Value Manager Index.
The indices seek to give investors the potential to outperform passive market indices by accessing the investment ideas of the world’s most established hedge funds.
They follow the same proprietary Clone Score methodology used by AlphaClone’s Hedge Fund Downside Hedged Index and AlphaClone’s International Downside Hedged Index.
Last year, the firm filed with the Securities and Exchange Commission to register four new exchange-traded funds (ETFs).
“Pursuing the potential for alpha is even more important today
Fair Oaks Capital has partnered with the Alpha UCITS platform to launch the first UCITS fund focused on the global collateralised loan obligation (CLO) market.
The Fair Oaks Dynamic Credit Fund is the first UCITS fund to offer global exposure to senior secured corporate loans through investments in rated CLO securities.
The fund expects to complete the launch of its initial share class on 28 September 2016 at circa EUR150 million.
The fund will be actively managed by Fair Oaks, with a strong emphasis on bottom-up fundamental credit analysis. It will primarily seek exposure to investment-grade rated CLO
TD Securities US has acquired Albert Fried & Company (AF&Co), an established New York-based broker-dealer.
The purchase of AF&Co's services and capabilities, which include self-clearing, securities lending and a prime brokerage technology platform in its final stages of development, is expected to help drive TD Securities' long-term US growth.
"Acquiring US clearing and a technology platform enhances our capabilities and lays a solid foundation for us to integrate prime brokerage into our client service offering and expand our US business," says Glenn Gibson (pictured), senior vice president and vice chair, TD Securities US. "Our plan is to complete the
American Depositary Receipts are an effective way for US investors to gain exposure to international stocks. Dorsey, Wright & Associates’ John Lewis (pictured) explains how using a momentum strategy can prove effective in building the right exposure to this instrument class.
Back in July 2014, the Sterling/US Dollar exchange rate was reached a high of USD1.71 but since then it has headed south, falling as low as USD1.29 following Brexit.
This downward trend has been a boon for US investors travelling to Europe on vacation. And whilst many have continued to focus their investment portfolios on US domestic stocks, the
Amsterdam-based independent hedge fund specialist Theta Capital Management is celebrating its 15th anniversary this month.
Theta Capital welcomed its first investors on 1 September 2001 and has always been exclusively focused on investing in hedge funds on behalf of its clients.
Founder Tijo van Marle says: “We started with a capital base of around EUR20 million from friends and family. Investors had their own dedicated portfolio of hedge funds. And September 2001 turned out to be an interesting month to start. Equity markets were down 10 per cent while we and our clients lost less than 1 per cent.
MassMutual affiliates Babson Capital Management, Cornerstone Real Estate Advisers, Wood Creek Capital Management and Baring Asset Management are now fully integrated and operating as a unified company under the Barings name.
The Barings brand and logo have been refreshed in a move that aims to reflect a modern and forward-looking asset management firm committed to meeting the evolving investment and capital needs of clients.
"This merger marks an exciting moment in our history, and it enhances our ability to provide comprehensive, innovative solutions to help our clients meet their investment objectives," says Tom Finke, chairman and chief executive officer
INTL FCStone, a financial services organisation delivering execution and advisory services in commodities, currencies and securities, has acquired the London-based EMEA oils business of ICAP.
The business includes over 30 front office employees across the fuel, crude, middle distillates, futures and options desks with deep-rooted relationships with over 200 well known commercial and institutional customers throughout Europe, the Middle East and Africa.
Philip Smith, CEO of INTL FCStone, says: “This is an excellent opportunity to add an experienced and highly regarded team within the oil broking sector. This customer-centric business helps complement our already extensive product and service offering
Intercontinental Exchange (ICE) has proposed changes to the ICE Robusta Coffee futures contract, effective 3 October 2016, for the July 2018 contract month onwards.
The proposals are part of an ongoing initiative to improve the transparency of warehousing procedures and costs for ICE’s range of agricultural products.
They follow the implementation in 2014 of amendments to the maximum rent and load-out rate requirements for warehouse keepers and the introduction of a 60-day limit to complete load out requests for Robusta Coffee and London Cocoa.
The combined developments have improved the efficiency of loading out certified coffee and cocoa
