Managers
Lyxor Asset Management has partnered with Capricorn Capital Partners to launch the Lyxor / Capricorn GEM Strategy Fund, a new UCITS-compliant long/short global emerging market equity strategy.
The fund, which expands Lyxor’s Alternative UCITS offering, seeks to achieve capital appreciation regardless of market conditions by taking long and short exposures in emerging market large cap equities, with a focus on liquidity and volatility. The investment team searches for opportunities with either upside potential (longs) or downside risk (shorts). As regards long positions, the team focuses on companies benefiting from a sustainable competitive advantage, an entrepreneurial mindset and a potential to
Moss Securities has launched The Moss Securities South American Hedge Fund which invests in key assets and products produced in South America.
Driven primarily by the promising long term growth of the Brazilian economy, the funds asset mix is weighted by each countries relative size and expected gross domestic product growth.
Currency exchange and inflation risk is hedged within the fund. Used in conjunction with a professionally managed portfolio, this fund can increase access to potentially large profits in the region with relatively little risk exposure.
Amundi Alternative Investments (Amundi AI) has awarded, through its Managed Account Platform, a EUR50 million mandate to FrontFour Capital Group LLC to actively trade, under AIFM compliant format, an event-driven strategy concentrated on North American situations.
The event driven strategy, run by FrontFour Capital Group LLC since 2006, focuses on the small & mid cap universe where outsized alpha opportunities have traditionally been found. The investment team, which has worked together since 2004, applies a deep fundamental bottom-up approach to identify and exploit value-unlocking catalysts such as M&A, asset spin-offs, stock buybacks and management change. It invests across the capital
Hedge funds acted as shock absorbers during the wide market gyrations recorded at the beginning of 2015. This year started with a large risk-off move and high volatility on all asset classes. Along with oil prices and rates, equities went sharply down as economic activity was below expectations in December and a potential Greek exit is making the headlines again in Europe. The US dollar posted strong gains, especially against the Euro, fuelled by the expectations that the ECB will find a consensus to adopt expansionary measures as the Eurozone entered deflation.
The total value of exits from private equity-backed portfolio companies throughout 2014 hit USD428bn, higher than any year previously and up from the USD330bn of exits in 2013. Christopher Elvin, Preqin’s Head of Private Equity Products, comments on the current deals and exits environment:
2014 represented the highest ever annual value of private equity-backed buyout exits. This has resulted in a significant increase in the level of capital being returned to buyout fund investors, which had almost surpassed the full-year 2013 amount as of June 2014 (the latest data available). Furthermore, the total value of private equity backed buyout deals
CloudMargin and AcadiaSoft have completed the integration of their respective solutions to provide real-time collateral management communication to their clients.
Using the new link to AcadiaSoft MarginSphere, CloudMargin’s clients are able to issue and respond to margin calls, manage disputes and then negotiate and process margin movements electronically with their brokers. This happens in real-time without sending emails or faxes, prevents the re-keying of data and removes the need to monitor an email inbox. Their brokers benefit hugely from greatly increased automation with their buy-side clients, lower error rates and reduced manual intervention.
CloudMargin is the cloud-based cross-product collateral management
The Caritas Royalty Fund has successfully navigated through the turbulent oil & natural gas markets, generating a +30% net return for investors in 2014.
Managed by Cornerstone Acquisition & Management Company LLC, the Caritas Royalty Fund invests in private oil and natural gas assets throughout the Continental US.
“We divested certain assets just prior to the oil price decline, locking in a material gain and maximising investor returns in a very difficult commodity price environment,” says Derren Geiger, Portfolio Manager of the Caritas Royalty Fund. “The recent price slide is beneficial for us moving forward as we have the ability
Neuberger Berman has launched the Neuberger Berman Global Long Short Fund as part of the firm's continued response to growing client demand for both global and alternative equity solutions.
The Fund's managers employ an active, unconstrained strategy that blends macro and fundamental stock analysis to build a global long short portfolio with daily liquidity, low minimum investment requirements, transparency, and regulatory oversight designed for mutual fund investors.
The Fund's investment team is led by Daniel Geber, who joined Neuberger Berman last year as a managing director and portfolio manager to manage global equity long short strategies. Geber is a 20-year
Virtus Partners has acquired the business and assets of Trade Settlement, Inc (TSI), a New York-based primary and secondary loan trading settlement and documentation service provider.
“We are excited about the opportunities this acquisition provides to our clients and the ever-evolving loan market,” says Kelly Faykus, Co-Founder and Managing Partner of Virtus. “The combination of Virtus’ expansive database of loan market information and TSI’s strong settlement capabilities will create substantial opportunities to reduce trade settlement times while providing more robust management reporting and a framework to enhance market liquidity.”
Virtus provides a comprehensive, integrated suite of front, middle, and back
Pensioenfonds Zorg en Welzijn (PFZW), the pension fund for the Dutch health and social sector, has announced that it will no longer be investing in hedge funds due to their ’high costs’ and ‘complexity’.
According to a statement released on Friday, PFZW said that by the end of 2014 it had ‘all but eradicated’ their use and they are not part of the the fund’s new investment policy, which was adopted last year. Under the policy, all investment categories are assessed for their sustainability, complexity, costs and their contribution to PFZW’s objective of index-linking pensions, and hedge fund investments were
