Managers
JTC Group has expanded its operations in the Cayman Islands through the acquisition of GAM's fund administration business. The deal, which remains subject to regulatory approvals, will see all 14 GAM staff in Cayman transfer to JTC.
Completion of the transaction is expected in late 2015.
JTC Group CEO & Chairman, Nigel Le Quesne (pictured), says: "Following other recent acquisitions in the fund administration space, including our purchase of Kleinwort Benson's fund administration business, this latest deal further strengthens and deepens our offering to institutional clients. We are delighted to welcome a high quality book of clients and an
The AIMA Council and the MFA Board have formed a joint Global Steering Group (GSG) with the goal of achieving synergies that will benefit the combined membership and the alternative investment industry globally.
The GSG will serve as a joint steering committee to guide the most effective operational relationship between AIMA and MFA and will be mandated to ensure coordinated policy development and messaging and an efficient use of resources while seeking to leverage the distinct strengths of each association.
The members of the Global Steering Group are as follows:
On behalf of AIMA:
Andrew Bastow – AQR
As the most highly developed region for private debt, the North American market is also at a later stage of the credit cycle than the European or Asian marketplaces. Strong growth in, and demand for, middle-market direct lending in recent years appears to have levelled off in 2015 according to fundraising figures in the region.
Given fundraising success across the asset class, dry powder levels have continued to increase to a current high of USD144 billion, suggesting that as many new players have entered the private debt space since 2008, they have done so successfully in terms of fundraising. It
Deutsche Börse Market Data + Services is launching the new analytic ‘Risk Alerts’ on 23 November. The new product informs market participants in real-time about unusual price and order book behaviour of the most important Eurex futures.
Alerts are automatically triggered, when certain thresholds for changes in traded prices, bid-ask spreads and order book resilience are exceeded. Thresholds are calibrated on a daily basis so that messages are only generated when exceptional order book situations could occur.
“Risk Alerts are the newest addition to our range of real-time analytics products. Our alerts are based on the original order book
Docupace Technologies has launched its new ePACS AI Solution software, which is designed to streamline the entire alternative investment process while addressing compliance standards.
The ePACS© AI Solution will, automatically generate a tailored list of clients within an advisor’s book of business who are eligible for the public, non-traded alternative investment vehicles available on his or her broker dealer’s platform.
In addition it will ensure that investment recommendations comply with product eligibility and concentration regulations, and reduce paperwork redundancies by incorporating electronic signature functionality.
ePACS AI Solution simplifies the investment process to ensure transactions are processed in a
New York-based Pulteney Street Capital was established in 2013 by Sean McCooey. Launched in May of 2013, the PSP Multi-Manager Fund (`PSP') is a multi-manager, multi-strategy liquid alternative fund. By using an SMA structure, Pulteney Street is able to monitor portfolios in real time, allowing it to tactically re-allocate capital among managers. Typical investment strategies include: long/short equity, event-driven and liquid credit.
With respect to identifying new managers, emphasis is placed on combining both emerging and established fund managers into the PSP fund. Of the 800 managers that pass the initial screening stage, Pulteney's team then evaluates and performs due
This June saw Hedge Fund Research broaden its suite of indices with the introduction of the HFRL® family of indices, representing the performance of liquid areas of the hedge fund industry. This adds to the existing set of HFRI, HFRX and HFRU indices that are used by global investors and allocators to benchmark their hedge fund performance.
"We are very excited to offer the HFRL Indices," says Kenneth J Heinz (pictured), President of Hedge Fund Research. "The HFRL harnesses the universe of constituent funds from the HFRX to create an intraday performance benchmark, representative of the most liquid components of
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2015 measured -1.56 per cent, while edge fund flows as measured by the SS&C GlobeOp Capital Movement Index were down 1.13 per cent in October.
"SS&C GlobeOp's Capital Movement Index for October 2015 was -1.13 per cent, down from the previous month's 0.62 per cent, reflecting primarily seasonal factors," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "Comparing year-over-year flows, the -1.13 per cent for October 2015 was virtually identical to the October 2014 reading of -1.12 per cent, with both inflows and outflows
The fourth quarter of 2015 started on a strong footing, reversing the previous market downturn. During the first week of October, risk assets rallied, with the MSCI World up 5.8 per cent, following expectations that the Fed will postpone its first rate hike well into 2016. Implied equity volatility fell, the USD depreciated against major currencies, high yield spreads tightened, in particular in Europe, and commodities rallied. Finally, emerging markets received a breath of fresh air with the upturn in commodity prices.
The latest factsheet from Preqin provides a roundup of private equity fundraising in the third quarter, featuring breakdowns of fund closures by strategy and geography, data for time spent on the road, dry powder, and the 10 largest private equity funds to close in Q3.
View the full factsheet here.
