Managers
Beechbrook Capital, the specialist direct lender, is launching a new fund to support UK small and medium-sized businesses turning over between GBP5 million and GBP50 million.
The Beechbrook UK SME programme represents a significant addition to the private credit sector which has hitherto been dominated by debt funds competing to finance larger buyouts. Beechbrook is looking to raise between GBP100 million and GBP200 million with a first close planned for October 2015. The fund will target mainly senior secured loans in non-private equity backed UK companies.
The fund builds on the existing funds of Beechbrook, which invest in private
Data management platform provider Accudelta has launched a new regulatory reporting solution called ‘Runway to Regulation’, designed to help asset managers keep up with changing regulation requirements.
The new solution is part of a service upgrade which saw the MoneyMate platform formerly known as ‘Fund ProductMaster’ being rebranded as ‘Accudelta’. The upgrade also saw a reduction in deployment time and a revised pricing structure offering greater access to asset managers of all sizes.
The new ‘Runway to Regulation’ solution is a four step process which provides asset managers and their consultants with a platform for effective data management and
In an extract from the Preqin Quarterly Update: Real Estate, Q2 2015, we investigate private real estate funds currently seeking investor commitments, featuring the latest data.
The number and aggregate target capital of closed-end private real estate funds in market has remained relatively consistent during Q2, with 417 vehicles looking to raise USD149bn as of July 2015 (Fig 1). The majority of funds in market are focused primarily on North America (56 per cent), with the region also representing 58 per cent of the total targeted capital (Fig 2). The number of funds focused on regions outside North America,
Private equity fundraising is analyzed in this extract from the Preqin Quarterly Update: Private Equity, Q2 2015, featuring the latest data and breakdowns by fund strategy and geographic focus.
Following the typical drop-off in the number of funds closed from Q4 to Q1, Preqin’s Q2 2015 data shows a levelling off of vehicles reaching final close, with 243 funds closed during the quarter (Fig 1). However, there has been a continued dip in capital raised, with USD113bn secured by funds closed in Q2 2015, down from 241 funds securing USD129bn in Q1 2015.
In line with the trend observed
Managed futures traders lost 1.71 per cent in June according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 0.05 per cent year to date.
“Trend reversals in equities, energy, and the US Dollar resulted in losses for 72 percent of the funds that have reported a June return as of today,” says Sol Waksman, founder and president of BarclayHedge.
Seven of Barclay’s eight CTA indices had losses in June. The Diversified Traders Index dropped 2.48 per cent, Systematic Traders lost 2.07 per cent, Financial/Metals Traders were down 0.99 per cent, and Currency Traders gave up
The hedge fund industry has posted average returns of -0.75 per cent for June, the first month this year of negative performance. Despite this, the benchmark has still returned 4.50 per cent year-to-date.
Single-manager hedge funds were not the only fund structures which fared poorly in June; UCITS posted returns of -1.76 per cent, and CTAs made losses of – 2.66 per cent, their worst monthly performance since July 2008. The only leading strategy with positive performance for the month was relative value, which posted a return of 0.17 per cent. Relative value strategy funds have seen only two months
Hedge funds produced an aggregate return of -0.93 per cent in June, just over 100 basis points ahead of the S&P 500 which fell -1.94 per cent during the month. according to eVestment’s latest Hedge Fund Industry Performance Summary.
The industry’s Q2 2015 return of +0.65 per cent also outperformed the S&P (+0.28 per cent) and a balanced index of 60 per cent MSCI World/40 per cent Citi WGBI (-0.42 per cent).
June proved another difficult month for managed futures hedge funds. The strategy declined an additional -2.64 per cent during the month, the universe’s third consecutive monthly decline.
The National Futures Association (NFA) has barred Wealth Creation Investments, an NFA Member introducing broker, and Fox Financial Group, an NFA Member commodity trading advisor, from NFA membership.
The firms' sole principal and associated person (AP), Marcy F Javor has also been ordered to withdraw from NFA associate membership and not to register as an AP or act as a principal of an NFA Member for four years.
The Decision, issued by an NFA Hearing Panel, is based on a Complaint authorised by NFA's Business Conduct Committee on 3 September, 2014, and settlement offer submitted by Wealth Creation, Fox
Following a good start to the year, ALTIN’s NAV performed well during the first two months of the second quarter (+0.34% MTD as 30.04.2015, +0.79% MTD as 31.05.2015) and suffered in June (-1.94% MTD, estimate) as global financial markets declined dramatically and volatility increased towards month-end over the escalating uncertainty over a possible Grexit.
While the months of April and May were relatively benign, June was a different story. Nonetheless, ALTIN’s portfolio outperformed traditional asset classes over a month that was characterised by a positive correlation of bonds and equities, as illustrated by the MSCI World being down -2.5% in
Preqin’s Real Estate Online provides comprehensive information on 76 institutional investors based in Chicago that actively invest in real estate, which collectively represent over USD57 billion invested in the asset class. Nearly a quarter of all institutional real estate investors based in Chicago are foundations (Fig 1), closely followed by private sector pension funds (20 per cent), and endowment plans, public pension funds and wealth managers, which each comprise 13 per cent of the total number.
Due to the large proportions of smaller investors in terms of assets under management (AUM), such as foundations, endowments and wealth managers, 47 per
