Managers
June has seen two events in the ETF calendar organised by firms who have overcome their market competitiveness with each other in favour of educating investors.
The ETF Forum is an independent, UK-based partnership founded by ETF/ETP providers BMO Global Asset Management, ETF Securities, Source in association with Legal & General Investment Management and WisdomTree Europe.
The stated aim of The ETF Forum – which covers not only exchange traded funds (ETFs), but the entire ETP landscape – is to provide advisers and wealth managers with a better understanding of ETFs and how to use them as effective investment tools
BlackRock has launched the UK Strategic Alternative Income Fund, which provides UK defined benefit (DB) pension schemes with access to a range of alternative income sources in one portfolio.
The fund arrives at a time when pension schemes are increasingly seeking alternative income, as yields from traditional asset classes remain scarce.
A survey conducted in December 2015 of BlackRock’s largest institutional clients, representing USD6.6 trillion, found that private markets look set to prosper in 2016. More than half (53 per cent) intended to increase their allocation to real assets and 47 per cent intended to increase their allocation to
BarclayHedge has ranked Elberon Investment Fund as one of the world's top-performing "long bias" equity funds for the three-year period ending on 31 March 2016.
Elberon, which is managed by Bruce Salomon, ranked number eight globally and number two in the US among more than 230 long-biased funds.
All funds ranked had at least USD10 million in assets under management and an average net exposure greater than 35 per cent. Elberon is the only Texas-based fund that finished in the top ten.
“It’s a tremendous honour to be singled out as a fund that uniquely compounds capital over
Northern Energy Capital (NEC) and Roundtable Capital Partners have completed the initial closing of NEC Fund I Canadian at approximately USD45 million.
The fund will be wholly focused on investing in oilfield services and related industrial businesses in Canada.
With a pool of almost 5,000 investable oilfield services businesses in both the private and public arenas of the sector, the opportunities are substantial with valuations at 30-year lows.
The oilfield services sector is struggling through one of the most significant downturns in its history, and the financial and operating capabilities of many of the participants have been severely
FIX Trading Community has released Simple Binary Encoding (SBE) version 1.0 Draft Standard to support high performance demands in transactions and/or data feeds.
Recent improvements in the speed of hardware, software and network connections have prompted the High Performance Working Group to examine the current version of the FIX Protocol to address how the requirements for new financial applications such as high-frequency trading and market data can be met. The challenge was to produce a standard, non-proprietary binary message encoding which is intended to work independently or in conjunction with other high performance FIX standards.
Simple Binary Encoding is
Alternative investment manager CVC Credit Partners has held the final closing of its Global Special Situations Fund, which is focused on stressed and distressed corporate credit predominantly across Europe.
The CVC Credit Partners Global Special Situations Fund received strong backing from both new and existing investors, exceeding its EUR600 million fund target with total commitments secured of approximately EUR650 million. The Fund received commitments from investors in North America, Latin America, Asia, Europe and the Middle East. With over EUR1.86 billion already committed to the strategy via Separately Managed Accounts and our Credit Opportunities vehicles, CVC Credit Partners’ Credit Opportunities
According to TABB Group, block trading volume for asset managers rose to 19 per cent in 2015, surpassing levels last seen in 2009 due to changes in investment strategies, access to new liquidity sources and new block trading methodologies.
The ability to trade blocks is a critical part of trading strategies and leveraging an integrated workflow through an execution management system (EMS) and order management system (OMS) is essential for the buy-side. Part two of TABB Group’s 12th annual benchmark study, “US Institutional Equity Trading 2016: Blocks & Trading Tackle (Part 2 of 3),” examines trends related to block trading,
CTA managers posted positive performance in the two full days of trading after the referendum results – Friday 24 June and Monday 27 June – according to Societe Generale Prime Services’ CTA Indices.
In the immediate aftermath of the result on Friday, when falling markets were causing concern for many investors, 90 per cent of the programs tracked by the SG CTA Index had posted positive returns by the end of the day, and 80 per cent of Short Term Traders were positive. The strong performance continued into this week, with 75 per cent of SG CTA Index constituents and
Hedge fund industry assets climbed above USD3 trillion for the first time this year in May as investors continued allocating to hedge funds, according to eVestment’s May 2016 Hedge Fund Asset Flows Report.
But at USD3.014 billion, funds are barely above that threshold and market forces unleashed by the late June vote for the United Kingdom to leave the European Union could impact that number dramatically cautioned report author Peter Laurelli, eVestment vice president and global head of research
Leading up to June’s BREXIT vote, hedge funds domiciled in Europe saw assets fall USD3.3 billion while funds with Europe
GAM has bought USD4 billion Cantab Capital Partners for a USD217 million upfront cash payment. GAM is also to launch the GAM Systematic investment platform, focused on quantitative investing across long only and alternative strategies.
The firm writes that the acquisition accelerates GAM’s strategy to diversify its active management capabilities is expected to be significantly accretive to GAM’s underlying earnings per share in the first full year of ownership; closing expected in H2 2016.
The cash for the purchase has come from GAM’s existing cash resources, and deferred consideration based on future management fee revenues and the firm
