Managers
Risk-AI is now the official provider of Hedge fund Research’s (HFR) index factsheet report.
HFR produces over 140 indices of hedge fund performance ranging from industry-aggregate levels down to specific, niche areas of sub-strategy and regional investment focus.
HFR indices are the most commonly used benchmarks for alternative investments and its website draws many thousands of visitors from around the world each month.
HFR recently updated its website and wanted its various index factsheets to reflect the look and feel of the new site. Risk-AI worked closely with their HFR’s marketing team to develop and streamline the process
Bfinance’s Chris Stevens (pictured) reports on a recent manager search for alternative beta strategies for a large US corporate pension scheme with USD10 billion in assets under management.
The client had previously considered and rejected investing into hedge funds for reasons of transparency, cost and liquidity as well perceived potential headline risks. Alternative beta strategies were considered as a viable alternative to a hedge fund allocation enabling them to introduce diversifying return streams to a portfolio of otherwise traditional asset classes whilst addressing these perceived drawbacks.
Following board education sessions as to the benefits and limitations of such strategies as
Sequoia Capital Fund Management (SCFM), a systematic manager in foreign exchange, has passed USD100 million in assets under management.
Douglas Garistina (pictured), chief executive and chief investment officer of SCFM, says: “We are very pleased to have received a significant capital allocation from a large institutional client that takes our business to the next level. One of the key drivers for this investment is the orthogonal returns our strategy provides to their portfolio. This subscription also highlights to larger investors in systematic strategies that we are able to accept bigger tickets now and that we provide an institutional-grade service.
“Since
Data from HFR shows that hedge funds advanced in August led by a resurgence in Energy/Basic Materials and Activist strategies.
The HFRI Fund Weighted Composite Index (FWC) gained +0.4 per cent for the month, increasing the Index Value to 12,709 and bringing year to date performance to +3.5 per cent.
After posting losses in the first two months of the year, the HFRI FWC has now produced gains in six consecutive months, the firm writes. The HFRI Asset Weighted Composite Index advanced +0.4 per cent for the month, bringing YTD performance to +0.5 per cent. Event-Driven (ED) strategies led
Libero Development Fund, a hedge fund launched by Mary Murphy who helped to establish International Fund Services before its acquisition by State Street, is now open to specialist investors.
Prior to the soft launch of the fund late last year, its proprietary investment strategy was only available to closed private funds with circa EUR300 million under management.
To the end of July 2016, the Libero Development Fund has achieved a YTD return of 5.07 per cent and is up 2.35 per cent since inception of the A share class in October 2015.
Murphy (pictured) says: “It has taken
Pavilion Financial has closed its acquisition of Altius Holdings, the parent company of Altius Associates, a private markets advisory and separate account management firm with offices in the UK, US and Singapore.
Pavilion has also established Pavilion Alternatives Group, a combination of the operations of Altius Associates and LP Capital Advisors (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California.
The rebranding for both organisations is effective immediately.
“Pavilion Alternatives Group will proudly carry forward the shared vision of its two founding firms to provide institutional clients with objective, thoughtful and well-researched advice on alternative
Systematic alternative investment manager Devet Capital Investments has received a license from the US National Futures Association enabling it to extend the marketing of the Devet Capital Absolute Return Strategy to American investors.
In the UK, Devet is authorised and regulated by the Financial Conduct Authority. Devet Capital Investments, founded by Irene Perdomo, formerly of Noble Resources Singapore and Barclays London, and Leonardo Marroni, formerly of GLG Partners and Barclays London opened to external investment in September 2015 and has raised some USD27 million in 12 months from a diverse group of investors interested in participating in Devet’s market neutral,
The European Energy Exchange (EEX) has conducted the first primary market auction under the new CAP2 contract on behalf of the participating 25 EU member states.
In the auction, 3,664,000 EU Allowances (EUAs) were sold at a price of 4.02 Euro/EUA.
The total bidding amount was 6,705,000 EUA which means that participants demanded more than two-fold the determined volume.
In July, the European Commission has signed a contract with EEX and its clearing house European Commodity Clearing (ECC) for running European-wide primary market emissions auctions for another period of up to 5 years. Until the end of this
Aristotle has launched the Aristotle Value Equity Fund, which will be managed by Aristotle Capital Management.
The institutional no-load share class will trade under the symbol ARSQX.
The objective of the fund is to maximise long-term capital appreciation with a focus on seeking capital preservation over complete market cycles.
The investment philosophy applies a fundamental, bottom-up security selection process to a universe of companies with market capitalisations typically in excess of USD2 billion at initial investment.
The fund holds approximately 35 to 45 investments in what Aristotle Capital believes to be high-quality businesses trading at meaningful discounts
STOXX, the operator of Deutsche Boerse Group’s index business, has held its regular annual review of the STOXX Blue-Chip Indices, among them the STOXX Europe 50, EURO STOXX 50 and STOXX Nordic 30 indices.
The company has also held the second semi-annual review of the STOXX Eastern Europe 50 Index.
All changes will be effective with the open of European markets on 19 September 2016.
The following stocks will be added to the EURO STOXX 50 Index: Adidas (Germany, personal & household goods); Ahold Delhaize (Netherlands, retail); and CRH (Ireland, construction & materials). The following stocks will be
