Managers
Vertex One Asset Management, manager of over CAD2.1 billion in assets through six investment funds in Canada, including one of the country’s largest hedge funds – the Vertex Fund – has seen significant growth due in part to the firm’s adoption of Linedata Global Hedge.
Vertex uses Global Hedge platform for real-time P&L, valuation, trading, reporting and compliance.
“I see Linedata’s distinguishing feature as being the team behind the technology,” says Rob Binnington Manager of Operations and Marketing at Vertex One. “They strive to form partnerships and display a dedication to providing a customised solution. Generally, everyone has capable technology
Backstop Solutions Group has acquired Cogency Software, a provider of accounting solutions for multi-manager investment firms.
Cogency’s clients are some of the world’s leading Fund of Funds, Endowments, Pensions, Outsourced CIOs, and Family Offices who collectively represent over USD100 billion of assets on the Cogency platform.
With the addition of Cogency, Backstop will further expand its capabilities, particularly in the areas of partnership accounting and portfolio management. Backstop also gains a seasoned team, new customers and two additional offices that increase their footprint in key locations – New York and California.
“We are very pleased about the addition of
Equity-focused hedge fund strategies are making good gains in 2015 and despite momentum slowing down in April and May, should be well placed to generate further alpha in the second half of the year.
There are three trends to pick up on:
Strong performance among Asia Pacific managers
European market neutral strategies improving
Event-driven is set for a strong second half of the year
The recent rally in Asian markets has led to Asian long/short equity funds outperforming the overall Long/Short Equity Broad Index run by Lyxor Asset Management. Indeed, the index, which is up 5.1 per cent YTD, is
Craig Botham, Emerging Markets Economist at Schroders comments on the latest GDP figures from India and Brazil…
"Surprising first quarter growth figures for both India and Brazil were released today. In both economies, we think the numbers could trigger monetary policy easing. India’s economy grew 6.1 per cent in the first quarter of 2015, some way below City expectations of 7 per cent growth, year-on-year, and much lower than the previous quarter’s 7.5 per cent growth. Brazil, which released its figures at the same time, managed to beat expectations by contracting less than expected, at 1.6 per cent. We expect
BNP Paribas Securities Services has completed the acquisition of Credit Suisse’s Prime Fund Services (PFS) business, a provider of fund administration, custody and banking services for alternative investment managers.
This acquisition makes BNP Paribas Securities Services a leader in the alternative fund administration space with USD237 billion in assets under administration.
Patrick Colle, General manager of BNP Paribas Securities Services, says: “This acquisition is a key step in the development of our global fund business and puts us in a good position to support the convergence of traditional and alternative managers.
“Our clients will benefit from the combination of PFS’
The current year is on track to be the best year for M&A ever. Since the beginning of the year, global M&A volumes have reached USD1800bn according to Bloomberg, the best first five months in twenty years. Such figures include announced, pending and completed deals and are thus subject to revisions. Overall, US deals dominate, accounting for 45 per cent of M&A activity year to date and in terms of sectors, health care is leading, followed by financials and communications.
By James Williams – Sovereign Wealth Funds are showing a lot of appetite for real estate assets as total AUM in this segment of the alternative funds space continues to build and investors look to diversify their portfolios.
North America remains the most favoured region, with 59 per cent of SWFs allocating to that market; down from 72 per cent in 2013 according to the latest research by Preqin in its 2015 Preqin Sovereign Wealth Fund Review.
Indeed, 57 per cent prefer a global approach, broadening out their portfolios to include trophy real estate assets as well as exposure to private
Following on from last week’s extract from the Preqin Hedge Fund Spotlight | May 2015, which focused on the largest hedge fund managers in the industry, Simon Dhadwal takes an in-depth look at the ‘USD1bn Club’ of institutional investors allocating at least USD1bn to hedge funds, including the significance of this group, investment preferences and new entrants to the Club.
The past 12 months have seen mediocre performance generated by the industry as a whole and a handful of high-profile pension funds publicly announced their intention to scale back their hedge fund allocations. Nevertheless, assets under management (AUM) across
Irish accountancy firm MKO is joining with US accountancy firm, EisnerAmper, to form a new global network called EisnerAmper Global. MKO will now trade under the brand of EisnerAmper Ireland.
Alistair MacDonald, managing partner of EisnerAmper Ireland, believes the firm will now be better placed to serve its clients and continue to play a key role in bringing financial services and international trade to Ireland in advising leading Irish corporates and state bodies.
“Becoming part of EisnerAmper Global will give our clients access to global perspective and cutting-edge services by leveraging the expertise of circa 200 partners and 2,000 people
In an extract from the Preqin Hedge Fund Spotlight | May 2015, Joseph McGee takes a look at the ‘USD1bn Club’, a group of the world’s largest hedge fund managers, and identifies the traits and characteristics that are unique to this distinguished group which controls a vast proportion of industry capital.
Over the past year, hedge fund industry assets have increased, surpassing the USD3tn mark as of December 2014. One notable group active in this space is managers with at least USD1bn in assets under management (AUM) – the ‘USD1bn Club’ – comprised of some of the largest hedge
