Managers
RSRCHXchange, the online marketplace for institutional research, has formed a strategic partnership with Substantive Research, an independent curator of daily macroeconomic investment research for asset managers and asset owners.
The partnership will close the gap between new research and point of sale. The daily Substantive Research Briefings highlight to portfolio managers the latest macro research and will now link to the RSRCHX platform, enabling them to procure the reports in real time.
Substantive Research helps investors find the best top-down research quickly by curating and distributing daily briefings that summarise five of the highest quality macroeconomic, allocation and strategy
The global hedge fund industry returned an average of +0.86 per cent in June and finished up the second quarter at +2.09 per cent, according to the June/2Q 2016 eVestment Hedge Fund Performance Report.
The overall positive returns for hedge funds and very strong returns in some specific segments highlighted the value hedge funds can offer investors during volatile market conditions.
And while the impacts on hedge funds of the late June BREXIT vote aren’t entirely clear yet, the report does note some challenges as a result of the uncertainty in European and world markets the late June referendum
Total assets managed by the top 100 alternative investment managers globally reached USD3.6 trillion in 2015, up 3 per cent on the prior year, according to research produced by Willis Towers Watson.
The Global Alternatives Survey, which covers ten asset classes and seven investor types, shows that of the top 100 alternative investment managers, real estate managers have the largest share of assets (34 per cent and over USD1.2 trillion), followed by hedge funds (21 per cent and USD755 billion), private equity fund managers (18 per cent and USD640 billion), private equity funds of funds (PEFoFs) (12 per cent and
Farallon Capital Management has completed fundraising for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III, an Asia and Latin America focused private investment pool, with aggregate commitments of USD1.12 billion.
"We are very excited to begin investing FASS III and want to thank all of our investors for their continued commitment to Farallon. We take pride in providing flexible and strategic capital solutions to entrepreneurs, key families and business groups, even in a challenging business environment. We look forward to partnering with them to capitalise on the robust opportunity set that we see in Asia," says
HIG Bayside Capital, a credit affiliate of HIG Capital, has held the first close of IDeA CCR (Corporate Credit Recovery) I Fund, an investment platform managed by IDeA Capital Funds SGR (IDeA), at EUR260 million.
The fund, which comprises two sub-funds – a Credit Fund and a New Money Fund – will invest in Italian mid-sized enterprises in distressed situations, aiming to help them restructure and turnaround, and consequently help banks maximise the recovery of their original loans.
The Credit Fund consists of the loans in eight companies contributed by seven leading banks in Italy: UniCredit, BNL/BNP Paribas, Banca
Apex Fund Services has seen its biggest growth month in the firm’s history by taking on USD2.7 billion worth of new business in June 2016, 60 per cent of which was converted from other fund administrators.
The Apex Group added 36 funds to its client base in during the month with an average fund size of USD75 million. This equates to a 7 per cent increase in assets under administration.
Peter Hughes (pictured), founder and chief executive officer, Apex Fund Services, says: “We’ve faced a tough time as an industry over the past twelve months, with the last month
The USD1bn Club, the group of institutional investors which has committed more than USD1 billion to hedge funds, has seen a net growth of 11 participants since 2015, and now includes 238 members, according to Preqin.
Forty institutions have joined this group of the largest hedge fund investors, while 29 have fallen out of the USD1bn Club after reducing their exposure to the industry.
Although investors in the USD1bn Club account for just 5 per cent of all active hedge fund investors, they represent just under a quarter (24 per cent) of the total USD3.13 trillion AUM held by
The publication of this Guide comes as shockwaves from the UK's decision to withdraw from EU membership continue to reverberate across the world, raising several challenges for UK-based asset managers distributing across the EU.
As Bobby Johal, Managing Consultant, Cordium, notes: "UCITS funds will still be distributed across Europe, but not in quite so straightforward a manner as is the case presently. UK UCITS will lose their status (under the UCITS directive) and most likely become alternative investment funds (AIFs). If we assume the UK is to be a `third country' (the so-called WTO option: a big assumption, subject to
HIG Bayside Capital, the distressed debt and special situation affiliate of private equity firm HIG Capital (HIG), has closed the HIG Bayside Loan Opportunity Fund IV with aggregate capital commitments of USD1.1 billion, exceeding its USD1.0 billion target.
The fund will continue HIG’s investment strategy of focusing on investments in small-cap special situation credit opportunities in the US.
Sami Mnaymneh (pictured) and Tony Tamer, co-chief executives of HIG, say: “We are grateful for the support from our investors for this offering. The strong response to the fund reflects their confidence in the capability of our team and our differentiated
The board of directors of Alpine Select has taken the decision in principle to reduce in medium-term its exposure in hedge funds – held directly as well as indirectly via its majority holding in ALTIN – and to increasingly focus on traditional topics and/or investment strategies.
Currently, Alpine Select holds directly or indirectly a total of 61.21 per cent in ALTIN Ltd, Zug.
As ALTIN has announced on 30 May 2016 as well as on 21 June 2016, the repayment in the amount of total CHF24 per share as proposed by Alpine Select and decided by the shareholders of ALTIN is
