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Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, is opening a Shanghai office under China’s wholly foreign-owned enterprise (WFOE) rules, allowing it to further capitalise on growing investor demand there.
Pictet AM has registered its Shanghai WFOE with the Asset Management Association of China (AMAC), enabling the firm to raise funds from domestic mainland investors to invest in its offshore strategies under the Qualified Domestic Limited Partners (QDLP) programme.
The move – which follows WFOE launches by several high-profile hedge fund firms in recent years – builds on Pictet AM’s existing China strategy.
Aikya Investment Management (Aikya), a specialist emerging markets investment firm based in London, has launched the Aikya Global Emerging Markets UCITS Fund.
The UCITS ICAV pooled fund (the Fund) will provide investors with exposure to large and mid-capitalisation equities in emerging economies, aiming to achieve a total return in excess of the MSCI Emerging Markets Index (USD).
Aikya portfolio manager, Ashish Swarup, believes that the long-term investment case for emerging markets remains compelling. However, it is not without risks, and therefore requires a proven investment philosophy that can navigate various market conditions. “As a team we have been investing in
Substantive Research, a research discovery and research spend analytics provider for the buy-side, has launched its Analyst Mapping service, allowing asset managers to gain an aggregated view of banks’ analyst moves, their seniority and sector coverage of relevance to them.
Read the full story at Institutional Asset Manager…
Enfusion, a global cloud-native software-as-a-service (SaaS) has signed a record number of new fund manager clients so far in 2020, and onboarded new hires to support the increasing demand from institutional asset managers and hedge funds.Read the full story at Intsitutional Asset Manager
The SS&C GlobeOp Forward Redemption Indicator for November 2020 measured 3.63 per cent, up from 2.84 per cent in October.“SS&C GlobeOp’s Forward Redemption Indicator of 3.63 per cent for November 2020 represents a decrease in redemption notices from the 4.81 per cent reported for November of 2019,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This strong result also marks the fifth consecutive month of lower year-over-year comparisons for redemptions, as well as the lowest for any month of November since 2011.
“The favourable trend in hedge fund asset retention that emerged following the Covid-19 outbreak appears to
In a consistent effort to improve its value proposition to investment managers and service providers, the Bahamas has continued to fine-tune its legislative framework, pandemic notwithstanding. The changes expected will support the growing trends witnessed within the financial services industry, both in the Bahamas and on a more global scale.
The strong market moves sparked off by the recent coronavirus vaccine breakthrough brought gains and losses across the hedge fund spectrum over the past week, as investors fled momentum-based stocks and piled into value-based companies.
Three former Highland Capital Management partners have launched Sycamore Tree Capital Partners, a new alpha-focused private and alternative credit investment manager which aims to tap into value-oriented opportunities arising from credit market upheaval.
The Dallas-headquartered firm is co-founded by alt-credit veterans Mark Okada, who will serve as CEO; Jack Yang, the firm’s president and head of business development; and chief investment officer Trey Parker.
Sycamore Tree, which also has an office in New York, will initially focus on traded credit, structured products and special situations, drawing on the trio’s “deep experience across multiple cycles”.
The trio said credit has become
HS Markit has launched a Sovereign ESG Dataset incorporating 41 discrete indicators across 211 countries and territories. The dataset outputs are numerical for efficient portfolio integration and include forward guidance on a one-year horizon for key Sovereign ESG indicators.Read the full story at Institutional Asset Manager…
Angel Oak Capital Advisors (Angel Oak), an investment management firm specialising in value-driven structured credit, has appointed Abhi Kane as managing director and alternative investment strategist. Kane’s primary focus will be supporting Angel Oak’s portfolio managers and expanding the firm’s alternative investment strategies, both public and private, to a broader range of investors.
Working from the New York City office, Kane will service family offices, wealth management platforms and other institutional investors to ensure they have the optimal solutions for their alternative investment needs. As a specialist in alternative investments, Kane brings a wealth of experience and knowledge critical to helping
