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By Scott Turley (pictured), Broadridge Financial Solutions – Private debt is expected to be one of the few asset-class winners of the Covid-19 crisis. As institutional investors struggle to obtain decent returns due to low interest rates and irrationally priced equity markets, many are turning to private debt managers to improve performance.
By A Paris – Competition has been ramping up in the private debt arena as more managers chase fewer transactions globally. This is paving the way for consolidation in the space as some of the more aggressive players may stumble, having taken on too much risk, and the larger lenders look for solid acquisition targets among the more cautious groups.
Private debt is expected to be one of the fastest growing asset classes over the next five years. According to The Future of Alternatives 2025, a report by Preqin, assets under management (AuM) in private debt will increase at a compound annual
Redhedge Asset Management has launched a new relative value hedge fund focusing on European investment-grade credit markets, tapping into increased demand from institutional investors.
The Redhedge Relative Value UCITS strategy fuses quantitative and qualitative investment processes, and aims to offer returns decorrelated from broader financial markets.
The fund, managed by CEO and CIO Andrea Seminara, and Voon Kiat Lai, senior portfolio manager, will use fundamental analysis to zero in on credit market dislocations.
Seminara said the UCITS fund will offer institutional investors, such as pension funds and family offices that cannot invest in non-UCITS, access to a market-neutral, low-volatility and
EFA is to use Refinitiv as its primary data source for Securities operations. This decision reinforces and expands the long-standing relationship between EFA and Refinitiv.
Read the full story at Institutional Asset Manager…
Pangolin, a community-driven decentralised exchange (DEX) for Avalanche and Ethereum assets, has launched on Avalanche.
Read the full story at Institutional Asset Manager…
Copper.co, a London-based digital asset infrastructure provider, has completed its integration with Avalanche, an open-source platform for launching decentralised applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.
Read the full story at Institutional Asset Manager…
UMB Fund Services has been retained to provide fund administration, accounting, transfer agency, distribution and custody services for the Hamilton Lane Private Assets Fund (PAF), which merged from a private to registered product to become the firm’s first US evergreen fund.
“We are pleased to continue providing services to Hamilton Lane following the conversion of the firm’s private fund into a registered product,” says Maureen Quill, executive vice president, executive director of registered funds at UMB Fund Services. “We look forward to supporting the growth of Hamilton Lane’s Private Assets Fund with our expertise as the firm markets the fund
The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) have launched a Day-Ahead market in Poland, extending their offering in Central Europe.
This was enabled through the Polish Multi-NEMO Arrangement (MNA) implemented on 9 February.
On the first day, 1,347 MWh were traded on the Polish Day-Ahead market of EPEX SPOT.
“The extension of our Day-Ahead offering to Poland, one of Europe’s largest electricity markets, provides clear advantages for our members” says Ralph Danielski, Chief Executive Officer of EPEX SPOT. “Our customers active in Poland will benefit from the same robust systems and efficient interfaces
Digital token trading platform Bitfinex successfully managed 400,000 ‘trading events’ per second yesterday amid a frenzy of speculation on bitcoin after Elon Musk’s Tesla bought USD1.5 billion of the world’s biggest cryptocurrency.
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