Managers
Columbia Management and Blackstone Alternative Asset Management (BAAM) are to research and develop investment solutions that leverage Columbia’s asset management capabilities and Blackstone’s hedge fund solutions business.
Columbia has considerable experience in asset allocation and alternative investing, with Jeff Knight, Global Head of Investment Solutions and Asset Allocation, and William Landes, PhD, Deputy Head of Global Investment Solutions, leading the company’s efforts to develop and manage compelling products and solutions for its clients.
Columbia’s expertise in asset allocation, equity and fixed-income investment management, and sub-advisory selection capabilities offers investors a powerful opportunity to help meet their specific needs. The addition
The Credit Suisse Hedge Fund Index finished down 0.80% for the month of October with seven of the ten sub strategies ending the month in negative territory.
Managed Futures, Equity Market Neutral and Long/Short Equity were the positive performers recording returns of 1.81%, 0.45% and 0.01% respectively.
The month’s biggest loser was Dedicated Short Bias which finished the month down 3/99%.
Actavis is to acquire pharmaceutical company Allergan for a combination of USD129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock.
Based on the closing price of Actavis shares on 14 November, 2014, the transaction is valued at approximately USD66 billion, or USD219 per Allergan share. The combination will create one of the top 10 global pharmaceutical companies by sales revenue, with combined annual pro forma revenues of more than USD23 billion anticipated in 2015. The transaction has been unanimously approved by the Boards of Directors of Actavis and Allergan, and is supported by the
Nikko Asset Management’s Chief Global Strategist, John Vail, believes Abenomics is still on track despite Japan being back in recession…
There was a large hue and cry about the recently announced Japanese GDP statistics that indicated that the country was in a recession. There are three important things to know about this, however…
1. Firstly, these statistics often get heavily revised and it would not be shocking to see the most recent quarter revised up into positive territory, especially as there were several anomalies in the data.
2. Secondly, GDP statistics have no correlation with corporate profits in Japan. As
Preqin examines the recent surge in European fundraising, including the growth of debt and distressed strategies and the increasing flow of international capital into the region.
European fundraising has improved dramatically over the last year, reflecting growing investor appetite for the region. Almost 90% of Europe-based fund managers believe that investor appetite has increased over the past year, with none stating they have seen a decrease in appetite. This has led to a large amount of capital focusing on Europe, and while transaction volumes are up, pricing is becoming competitive and it is now harder to find attractively priced assets,
Irish start-up, Fund Recs, a developer of cloud-based reconciliation software to global fund administrators to to provide trade processing solutions for Capita Asset Services fund business in Ireland.
Fund Recs software will be used to automatically capture trades from Fund Managers and post them to Capita’s internal fund accounting system.
Fund Recs was founded in 2013 to provide reconciliation software to global fund administrators. Its software allows companies automate the reconciliation of Cash, Position and FX holdings on the funds they administer thereby removing the operational risk of manual mistakes. Fund Recs also provides a manager dashboard giving a
This week the Management Board of Directors of the Palaedino Fund announced that London-based Sabre Fund Management Limited had launched the Sabre Dynamic Equity Fund.
This is the seventh fund to join the Palaedino UCITS Platform, a Luxembourg SICAV established in November 2009. The Management Company of the Platform is FundPartner Solutions (Europe) S.A., a 100 per cent affiliate of the Pictet Group based in Luxembourg.
Sabre Dynamic Equity is a quantitative long/short equity fund that invests across a broad universe of 800 large/midcap European stocks and 500 large-cap US stocks. The strategy achieves its performance from exploiting systematic
Equinox Funds has expanded its Alternative Strategy Platform with the addition of the Equinox Aspect Core Diversified Strategy Fund (EQAIX).
By deploying a medium-term trend following strategy developed by Aspect Capital Limited (Aspect), a legendary alternative asset management firm based in London, the Fund seeks to quantitatively identify and profit from price moves in highly liquid and diverse futures markets across global asset classes.
"At Aspect, we believe that trend following strategies can be a source of persistent investment return opportunities and may provide valuable portfolio diversification," says Anthony Todd, CEO of Aspect. “And we are delighted to have partnered
Barclays and MSCI have launched a new green bond index family measuring the global market of fixed income securities issued to fund projects and initiatives with direct environmental benefits.
The Barclays MSCI Green Bond Index family complements the existing Barclays MSCI ESG (Environmental, Social, and Governance) Fixed Income Index family, and is now available to institutional clients to license for their index-linked investment products, such as Exchange Traded Funds (ETFs), separately managed accounts, and structured products.
Eligibility for the Barclays MSCI Green Bond Index family is based on an independent and objective assessment of securities by MSCI ESG Research
Credit Suisse Asset Management (CSAM) has closed its ILS Property & Casualty Fund (the P&C Fund) with a total of USD576 million in capital commitments from a diverse mix of institutional investors.
The P&C Fund includes investors from the US and Europe consisting of public and corporate pension funds, insurance companies, funds of funds, asset managers, endowments, foundations and family offices.
CSAM's P&C Fund complements Credit Suisse's global Insurance Linked Strategies (ILS) business. Credit Suisse is a leader in insurance linked strategies with more than USD6.5 billion in assets under management. Insurance strategies have historically offered relatively low correlation to
