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TIG Advisors, the New York-based alpha-focused manager which makes growth equity investments in alternative asset management firms, has bought a minority stake in Hong Kong-based credit and distressed situations specialist Arkkan Capital.
TIG – which has around USD7 billion in assets, providing growth capital, infrastructure and management support to investment teams – acquired the minority revenue share interest from a fund managed by a Blackstone advisor and Arkkan seeder, which will remain an investor in the Hong Kong-based fund.
Established in 2013 by Jason Brown, Arkkan now has around USD1 billion in assets under management, targeting credit, distressed and special situations opportunities
Hedge fund managers have experienced “significant” performance dispersion over the past 12 months, with the biggest funds seeing the largest gaps between gains and losses, new industry data shows, once again underlining the importance of investor due diligence in separating winners from losers.
Hedge funds globally ended a tumultuous 2020 on a high, generating an average monthly gain in December of some 4 per cent, to bring full-year returns to more than 11 per cent, according to newly-published year-end performance data from eVestment.
The 10 biggest hedge funds tracked by eVestment generated returns of just 3.72 per cent between January
An unprecedented number of delays when sending out orders to market is costing hedge fund managers USD20 million per year, according to new research from TradingScreen. A combination of operational inefficiencies and trade errors cause the majority of delays, while high costs associated with IT systems maintenance is also a significant contributor. The findings show that the most unprotected trade errors cost hedge funds anywhere between 3 and 10% of trade notional, which in some cases is USD5 million a year.
Time delays and execution slippage, which is the difference between the expected price and the price at which the trade
ITERAM Capital SA, an independent alternative investment company, has been authorised by the Swiss Financial Market Supervisory Authority (FINMA) as an authorised asset manager of collective investment schemes.
Tickeron, an artificial and human intelligence platform delivering trading insights and analysis, has launched a new AI Robots tool for cryptocurrency trading.Read the full story at Wealth Adviser
As more hedge fund firms pile into the digital asset and cryptocurrency space, analysts at the London-listed hedge fund giant Man Group say bitcoin’s recent volatility could be seen as “price discovery” in a new asset class, which will ultimately give way to greater stability in the currency, and more credibility among investors.
After a sustained surge which saw it reach a record high of USD41,000, bitcoin plummeted by more than 25 per cent earlier this week – its biggest collapse since March last year. Before the fall, the asset – considered the world’s foremost cryptocurrency – surged some 833
In 2016, SEI issued a paper on what it saw as five major innovations that were causing disruptions both within and outside of their respective industries. The company has revisited those themes, namely: Watsonisation, Googlisation, Amazonisation, Uberisation and Twitterisation, to provide an up-to-date picture of the innovations occurring in our industry today. Over the next few months SEI will share its findings and recent developments for each theme. Next up: Amazonisation…
Hedge funds which generated striking returns in volatile energy markets last year are now preparing for a major rebound in oil in 2021, with post-vaccine travel demand, potential inflation hedges, and surging emerging markets growth all combining to push prices higher this year and beyond.
Proteus, a registered investment advisor, alternative investments and private funds platform, has added new model portfolios and pooled funds to its platform for RIAs, multi-family offices, independent broker-dealers and private banks. Read the full story at Wealth Adviser…
Sionic, a specialist financial services consulting firm, whose clients include private equity, hedge and fund administrators, has appointed Mark Humphries as its new Chairman. Read the full story at Institutional Asset Manager
