Managers
By Donald A. Steinbrugge, CFA, Managing Partner, Agecroft Partners – I would like to share some thoughts regarding New York City Employees Retirement System (NYCERS) voting to exit all hedge funds.
Pension funds should always be managed in the best interest of the plan’s beneficiaries. I believe this blanket decision to eliminate a full set of investment opportunities may result in doing the exact opposite. In addition, some of the comments by people associated with the pension fund raise concerns.
The first of these is the pension fund’s consultant stating they can reach their targeted investment returns with less
The Lyxor Hedge Fund Index was up 0.3 per cent in March, with nine out of 11 Lyxor Indices ending the month in positive territory, according the April edition of the Lyxor Alternative Industry Barometer.
The Lyxor LS Equity Long Bias Index (+2.3 per cent), the Lyxor Fixed Income Arbitrage Index (+2.1 per cent), and the Lyxor Special Situations Index (+1.4 per cent) were the best performers.
Monetary meetings, minutes, and speeches continued to dominate market trends. The ECB and the Fed were more dovish than expected, boosting risky assets. A majority of hedge funds strategies delivered positive returns led
A new report from the International Capital Markets Association (ICMA) and the European Fund and Asset Management Association (EFAMA) has outlined the legislative requirements and market-based tools available to manage liquidity risk in investment funds in Europe.
The report also offers some recommendations to further improve the general liquidity management environment.
Multi-strategy hedge fund manager Elliott Management Corporation, which holds an approximately 6.6 per cent interest in Polycom, Inc common stock and an approximately 9.7 per cent interest in Mitel Networks common stock has announced its support for the Mitel-Polycom transaction.
“The combination of Mitel and Polycom makes perfect strategic and financial sense,” says Jesse Cohn, senior portfolio manager at Elliott. “The combined business will have far greater scale than either company alone, the ability to deliver a full array of products to customers, and the means to invest behind product areas that will provide stability and growth for the future.
When considering how to "supercharge" the alternative funds industry, one region that continues to offer growth potential is Emerging Markets. There are myriad opportunities to harvest yield, but equally there are plenty of risks to navigate. As such, fund managers will need to take a measured, country-by-country, sector-by-sector approach in 2016 to realise gains.
As Paul Schulte, Founder and Editor of Schulte Research commented on one of the panel sessions at CAIS 2016: "Alibaba in China is going to become one of the largest banks and media companies in the world. At the same time, I would suggest that the
CONCERT Global, a Silicon Valley-based advisory technology firm, has formed an alliance with iCapital Network to deliver a complete alternative investments solution to CONCERT’s growing network of independent advisors and broker/dealers.
“Alternative investments can play a critical role in a well-constructed portfolio but, until recently, haven’t been readily accessible to all advisory professionals and their qualified clients,” says Felipe Luna, CEO of CONCERT Global Group, Ltd. “iCapital Network has created an elegant solution that eliminates the historical barriers to this important asset class and fits seamlessly with our platform and mission to help advisors scale, grow and deliver the highest-quality
Man Group has reported funds under management (FUM) of USD78.6 billion as at 31 March 2016, down slightly from the company’s 31 December total of USD78.7 billion.
Net inflows in the quarter totaled USD0.5 billion, comprising sales of USD5.1 billion and redemptions of USD4.6 billion.
Net inflows across quant alternative (USD1.3 billion) and for quant long only strategies (USD0.4 billion), were partially offset by net outflows from discretionary alternative (USD0.6 billion), discretionary long only (USD0.5 billion), and guaranteed products (USD0.1 billion).
Net flows for fund of fund alternatives remained flat for the quarter, while overall investment movement in the quarter was
Park Square Capital Partners has launched its third subordinated debt fund, securing EUR1.2 billion of investor commitments with advice from Carey Olsen's investment fund specialists.
The fund, Park Square Capital Partners III, will continue the strategy of investing in the debt of high-quality levered companies backed by leading private equity sponsors across Europe and the US. The fund is able to use leverage taking its total investable capital to EUR1.5 billion. The predecessor fund, Park Square Capital Partners II, which is a 2010 vintage fund, closed at EUR850 million.
Carey Olsen partner Andrew Boyce (pictured) and senior associate Alex Mauger
Interactive Data, a provider of fixed-income evaluated pricing, and subsidiary of Intercontinental Exchange (ICE), has made its Liquidity Indicators Service available for European and Asia-Pacific corporate and sovereign securities.
This represents an expansion of its North American services, and leverages the same fixed-income evaluated pricing and reference data content that supports pricing and trading functions at the world’s leading financial institutions and asset managers.
The launch of European Liquidity Indicators supports firms’ liquidity risk management needs across a range of market conditions. The indicators include estimates of the projected trade volume capacity of a fixed income security, which can be
MaKro is aiming to set a new standard in global macro analysis by combining predictive analytics with quantitative political and economic risk loss data to deliver best-in-class market insight and company-specific risk probabilities and loss estimates.
“MaKro’s combination of true data analytics and business loss data is in our DNA, not just an add-on,” says Dr Michel Léonard, CEO of MaKro. “When compared to our peers in global macro or political risk analysis, it is truly transformative and there is simply no equivalent to the depth and breadth of the data and analytics we deliver to our clients.”
While MaKro
