Managers
Twelve Capital Group has launched its insurance equity strategy.
The portfolios launched to date have a focus on M&A activity in the insurance sector and are designed to offer investors access to the attractive investment opportunities across the entire (re-)insurance balance sheet.
The launch further complements Twelve’s existing strategies, insurance-linked securities and insurance debt, which the firm has been running for several years.
Urs Ramseier (pictured), managing partner and CEO of Twelve Capital Group, says: “Twelve was established with the aim of providing institutional investors access to the interesting investment opportunities across the insurance balance sheet. After ILS
Gemini Alternative Funds has surpassed USD500 million in invested assets on its Galaxy Plus Fund managed account platform (MAP) as of August 2016.
The Gemini Companies provide investment companies with a single point of access to multiple solutions for pooled investment products.
The individual service firms within The Gemini Companies are Gemini Fund Services, Gemini Hedge Fund Services, Gemini Alternative Funds. They offer fund administration, accounting, technology, compliance and reporting. The Gemini Companies are backed by parent company NorthStar Financial.
"At a time when the demand for access to alternative strategies continues to increase, our platform enables investors
BGC Partners, a provider of brokerage services to the financial and real estate markets, is to acquire Perimeter Markets, an independent provider of electronic fixed income and futures trading in Canada, through its CBID platforms.
"This transaction will enhance BGC's electronic offering and increase its footprint in the Canadian marketplace," says Shaun Lynn, president of BGC Partners.
Details of the transaction, which is subject to regulatory approval, have not been disclosed.
Perimeter Markets offers electronic and hybrid broking services in Canadian fixed income securities and futures. The firm operates from its office in Toronto. Perimeter Markets is regulated
Schroders is launching a UCITS hedge fund product via its GAIA platform – the Schroder GAIA Two Sigma Diversified – which will be sub-advised by Two Sigma Advisers.
Created by Two Sigma Advisers, in collaboration with Schroders, the fund’s strategy combine US equity market-neutral and global macro strategies.
The fund aims to offer investors portfolio diversification through a liquid alternative strategy that intends to be uncorrelated to traditional equity and bond markets.
The strategy will apply a scientific and algorithmic approach to investing across thousands of individual equities and hundreds of macro markets, allocating the majority of the
Samuel A Ramirez, a securities firm and bond market specialist, has seen over USD22 billion in sell-side fixed income trades as of 31 July 2016, already surpassing its 2015 year-end totals.
The growth is one result of the firm's strategic institutional team expansion that began in 2014. Today Ramirez has over 50 sales and trading professionals across seven trading desks.
“Ramirez offers well-rounded coverage for our institutional clients, including access to the primary and secondary markets, best-in-class credit and economic research, and 45 years of experience in these markets," says Samuel Ramirez, president and chief executive officer of Samuel
Fund administration provider MainstreamBPO is to acquire New York-based hedge fund administration business Fundadministration.
Fundadministration is a US full-service fund administration firm that works with emerging and established hedge fund managers, registered investment advisers and traders.
The firm administers 140 funds for 45 clients with funds under administration (FUA) of USD5 billion.
All of Fundadministration’s existing staff will join MainstreamBPO with Fundadministration CEO Denise DePaola to join the group’s executive team and become the CEO of MainstreamBPO’s US operations.
The acquisition is part of Australian based MainstreamBPO’s growth strategy of expanding into key fund services markets, with
An affiliate of alternative investment platform FAB Partners is to acquire US private debt investment manager CIFC for approximately USD333 million in cash.
Under the terms of the merger agreement, CIFC shareholders will be entitled to receive USD11.46 in cash per share – USD11.36 per share as consideration in the merger, plus a USD0.10 per share distribution detailed below.
This represents a premium of more than 60 per cent over CIFC's closing share price on 19 August and a premium of approximately 160 per cent over the 27 January 2016 closing share price, the day prior to CIFC's announcement
Rhenman & Partners Asset Management is to launch a global equity long-short fund on 31 August, named Rhenman Global Opportunities L/S.
The fund can invest in all sectors worldwide and will be managed by Staffan Knafve.
Rhenman Global Opportunities L/S will make its investments based on active selection of regions and sectors, completely independent of index.
The fund will take 35 to 50 positions, preferably in larger companies. The investment horizon for long positions will typically be two to four years, while the time horizon for short positions will typically be six months up to two years. The
Nasdaq has extended its contract with BM&F Bovespa – the largest stock exchange in Latin America – for the use of the SMARTS Market Surveillance platform across Brazil's equities, commodities and futures markets.
Nasdaq has been working with BM&F Bovespa since 2011, helping to detect irregularities and market abuse in the Brazilian market.
As well as continuing to provide high quality market surveillance solutions, Nasdaq will be upgrading the exchange to the latest version of SMARTS, which includes a broad set of enhancements such as new modules, improved performance and capacity, and new visualisations to aid investigation.
"We
After a drawdown in June due to the market turmoil surrounding the Brexit vote, the UCITS HFS Index bounced back in July, reporting gains of 0.75 per cent.
The broad index started the month with a positive performance of 0.32 per cent after the first full week of trading. Maintaining that momentum, week two brought additional gains of 0.30 per cent.
The UCITS HFS Index slowed down in the second half of the month, but week three and four still saw the increases of 0.11 per cent and 0.03 per cent, respectively. Of all funds tracked 76.23 per cent
