Managers
Preqin has launched its 2015 Global Alternatives Reports, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
A challenging performance environment resulted in the hedge fund benchmark failing to make gains of more than 4%. However, despite this, the asset class accounted for over half of the asset growth across alternatives, as investors continued to deploy capital in funds that offered attractive opportunities.
The 2015 Global Hedge Fund Report provides a comprehensive review of
Investors increased allocations to hedge funds in Q4 2014 as financial market volatility soared into year-end led by a steep decline in oil, Euro currency weakness and sharp drops in both the Russian Rouble and equity markets.
Investors allocated USD3.6 billion of new capital to hedge funds globally in the quarter, bringing the full year of inflows to USD76.4 billion, the highest calendar year of inflows since 2007, as reported today in latest edition of the HFR Global Hedge Fund Industry Report, released today by HFR®, the established global leader in the indexation, research and analysis of the global hedge
Man Group has completed the previously announced acquisition of Silvermine Capital Management, a Connecticut-based leveraged loan manager.
Silvermine had USD3.8 billion of funds under management across nine active collateralised loan obligation (CLO) structures as of 30 November 2014.
Mark Jones, co-CEO of Man GLG, says: “Silvermine enhances Man GLG’s existing credit business and provides increased expertise in the robust US credit markets, while benefitting from Man Group’s access to capital, global distribution platform and highly sophisticated infrastructure and framework. This transaction also strengthens Man Group’s commitment to expanding its US presence and complements an M&A strategy focused on identifying
Hedge funds lost 0.18% in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge The Index was up 3.16% in 2014.
“Renewed concerns of a Greek exit from the European Union, plummeting oil prices, and swooning Russian financial markets took a toll on global equity and commodity markets as risk assets staged a broad decline,” says Sol Waksman, founder and president of BarclayHedge.
Overall, 8 of Barclay’s 18 hedge fund indices had losses in December. The Emerging Markets Index fell 2.34% in December, Distressed Securities were down 0.70%, Equity Short Bias lost 0.43%, and the Event Driven Index
Deutsche Börse Group announced today that it has received ‘in-principle’ regulatory clearance from the Monetary Authority of Singapore (MAS) to set up Eurex Clearing Asia, a clearing house based in Singapore.
The new clearing house of Deutsche Börse Group is an integral part of its new trading and clearing offering for investors during Asian trading hours and is expected to commence operations in 2016. Initially, Eurex Clearing Asia will clear selected European benchmark derivatives listed at Eurex Exchange which are traded during Asian market hours. The range of products cleared will subsequently be extended to include listed derivatives based on
Unigestion has launched Uni-Global Cross Asset Navigator, a daily-liquidity, UCITS IV-compliant fund that allocates based on an assessment of the risks associated with the prevailing macroeconomic backdrop.
Targeting a return of three-month Libor + 4% per year over a full economic cycle with half the long-term risk of the stock markets, Uni-Global Cross Asset Navigator combines a risk-based approach to investment with in-depth macroeconomic analysis, enabling it to provide attractive return potential in most market environments. The fund starts off with a risk-diversified allocation to a large set of traditional (global developed and emerging equities, sovereign bonds, credit and commodities)
HedgeCoVest continues to attract some of the largest managers in the industry to its real time hedge fund replication platform, with USD21bn fund manager Fred Alger Management the newest firm to join the roster.
HedgeCoVest’s revolutionary allocation tool, the Replicazor, mirrors the portfolio and trading strategies of hedge funds directly into an investor’s brokerage account. Part of HedgeCo Networks, the Florida based firm offers investors the chance to allocate to portfolios from a wide range of hedge fund products provided by managers.
“We are thrilled to announce the launch of the HedgeCoVest platform,” says Evan Rapoport, CEO/Founder of HedgeCoVest. “For
977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:
Investor appetite for private equity remained strong throughout 2014, with the amount of capital raised by fund managers on a par with the last couple of years. It is likely that the figure will match the amount of capital raised in 2013 (USD531bn), as Preqin expects the 2014 fundraising figure to increase by 10-20% as more information
Hedgebay, the secondary market platform, has confirmed the highest premium transaction on its platform since 2005.
The transaction, which was completed last month via its UK regulated authorised agent, potentially signals the return of investor confidence in managers as well as a reaffirmation of the secondary market as a viable means to efficiently rebalance portfolio positions.
Prior to the financial crisis unfolding in 2008, the secondary market’s central function was to allow investors to rebalance their portfolio of high performing and/or long lock-up funds. The vast majority of these transactions were executed at prices that were very close to
The main event of the week has been the decision of the Swiss National Bank to scrap the cap on the CHF on 15 January. The SNB unexpectedly decided to stop accumulating assets in EUR, a currency that is likely to be debased at the next ECB meeting on January 22. Fundamentally, the SNB could not continue to intervene forever. Since the cap was implemented in September 2011, the balance sheet of the SNB rose by more than 40%, i.e. a massive injection of liquidity (the Fed’s QE3 increased the balance sheet of the Fed by 60% between September 2012 and October 2014).
