Managers
Funds under management (FUM) at Man GLG jumped 8 per cent to USD78.8 billion for the six-month period ended 30 June 2015 (31 December 2014: USD72.9 billion), according to the firm’s latest interim management statement.
Gross sales meanwhile totalled USD10.5 billion (H1 2014: USD12.4 billion), redemptions stood at USD13.1 billion (H1 2014: USD9.6 billion), with net outflows of USD2.6 billion (H1 2014: net inflows USD2.8 billion) and investment movement of USD3.8 billion (H1 2014: USD0.7 billion).
Manny Roman (pictured), Chief Executive Officer of Man, said:
“While the first quarter of the year saw a more stable environment in
Ivy Investment Management Company is launching two new income-oriented mutual funds in partnership with Apollo Credit Management that, once approved by the SEC, are scheduled to become available in October.
Both funds will include allocation sleeves that will seek to follow current Ivy Fund strategies and the Apollo Total Return Fund strategy, which is Apollo’s flagship strategy in liquid alternative credit.
• Ivy Apollo Strategic Income Fund will include sleeves intended to replicate the Ivy High Income Fund strategy and the Ivy Global Bond Fund strategy, with flexible allocations to each of those strategies of between 10 per cent
Featuring the latest data, this extract from the Preqin Quarterly Update: Private Equity, Q2 2015 looks at the rising amount of dry powder in the industry and up-to-date performance statistics.
With the fundraising market remaining robust and average final close sizes climbing, dry powder has continued to increase. The level of committed capital available to private equity fund managers for investment is standing at a new high, at USD1.3 trillion (Fig 1). This is an 18% increase since December 2014, with over half of the increase in dry powder attributable to private equity real estate and buyout funds.
Fig 2
EBS BrokerTec, ICAP’s electronic foreign exchange and fixed income business, has combined MyTreasury – an ICAP owned, established Money Market Fund (MMF) platform for the corporate treasury community – into its product portfolio.
Furthermore, by leveraging its existing platform and established network, EBS BrokerTec is adding an FX offering onto MyTreasury which will be available later this year. It will be branded “EBS Treasury”.
The addition of the existing MyTreasury business into EBS BrokerTec, coupled with the integration of FX, is another key milestone in EBS BrokerTec’s expansion, increasing its product offering to include money market funds and expanding its
Lawson Conner has launched Lawson Conner Guardian, a comprehensive set of solutions to help protect fund managers and financial services firms from the increasing threats of cyber security.
Lawson Conner has supported over 100 firms in the past to stay compliant and to implement solutions to reduce the risks such as cyber security risks.
Recently, risks of cyber attacks have grown exponentially as fund managers and financial services firms have become more integrated with counter-parties and system architectures have grown in complexity. Due to the industry’s heavy reliance on data and the sensitivity of the data involved in financial services
FTSE has launched the FTSE All-World ex Coal Index Series, a suite of benchmarks that will omit companies that have certain exposure to coal or general mining companies with proved and probable coal reserves.
The new index series will assist market participants in managing their portfolio exposure linked to fossil fuels.
The methodology behind the indexes is based on the exclusion of companies whose principal business activity is either Coal Mining or General Mining as identified by the Industry Classification Benchmark (ICB). In addition, revenues must arise from various forms of Coal Mining as stated by the Standard Industrial
VAM Funds has launched the Focused Global Equity Fund, a best ideas strategy incorporating portfolio hedging to reduce volatility and downside risk.
The VAM Focused Global Equity Fund is a Luxembourg-based UCITS IV compliant fund that combines two core elements:
• A concentrated and conviction-based focus on stock selection with a high active share that acts as the dominant driver of the fund’s performance,
• An active risk management strategy that supports the focused portfolio construction with the objective of reducing volatility and downside risk.
Nigel Watson (pictured), VAM Sales Director, says: “We’ve seen strong demand from advisers for
Hedge Connection has secured a United States Patent (No 9,070,165) for the firm’s business methodology utilising dual online search engines and detailed databases accessible by qualified investors and hedge funds.
Awarded as of 30 June, 2015, this second patent not only provides a continuation of US Patent No 8,468,078 issued to Hedge Connection in 2013, but also strengthens this financial technology firm ’s leadership position offering private placement matching efficiencies and ease of use within a controlled secure online environment.
“As a Fintech innovator, we are very proud that our pioneering solution to stimulate overall hedge fund investing
Hedge funds are on track to deliver solid returns in July, up 1.4 per cent month to date (0.4 per cent last week). In line with our overweight recommendation, CTAs and Global Macro managers outperformed other hedge fund strategies. Meanwhile, Event-Driven managers underperformed both last week and on a month-to-date basis, in line with our downgrade of the strategy from overweight to neutral early June.
The latest hedge fund launch data is analysed in this extract from the Preqin Quarterly Update: Hedge Funds, Q2 2015, which looks at the structure, location, investment focus and strategy of hedge funds launched in the second quarter.
Single-manager hedge funds dominated launch activity over the quarter, accounting for 79 per cent of the 116 hedge fund launches added to Preqin’s Hedge Fund Analyst in Q2 2015 (Fig 1). Alternative mutual fund structures saw a decline in terms of their prominence in fund launches, from representing 13 per cent of fund launches in Q1 2015 to just 3 per
