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Financial technology platform iCapital Network, which provides financial advisers and their clients with access to a curated menu of private equity and hedge funds at lower minimums, has closed a USD146 million funding round.Read the full story at Wealth Adviser…
Meraki Global Advisors has made two senior hires: Eric Savitz, a 20-plus year veteran of the outsourced trading industry, has joined as Co-Head of Trading, and Gregory Sutton, a hedge fund professional for 14 years, has also joined Meraki as Chief Operating Officer. Both will be based at the firm’s offices in Park City, Utah.
Savitz comes to Meraki with extensive experience in financial markets, most recently at Weeden Prime Services, where he was the Head of Outsourced Trading. He was responsible for trading global equities and managing all aspects of the prime brokerage offering. Prior to Weeden, Savitz was a
Alternative credit specialist CIFC has appointed David Walker as Head of Research. In this role, Walker will be responsible for leading CIFC’s US credit research platform and overseeing its robust team of 20 research analysts.
Sterling Trading Tech (STT) has appointed Tim Macek as Director of Technical Operations and Infrastructure. Macek brings over 25 years of IT experience spanning development, infrastructure operations and management in various roles.
MJ Hudson has acquired Meyler to create an expanded transatlantic marketing services offering for alternative assets fund managers.
Zehrid Osmani, manager of the Martin Currie Global Portfolio Trust, gives his market outlook and suggests how investors should approach the current pandemic…The ever-deepening Coronavirus crisis is having a profound impact upon people’s lives the world over, and markets are experiencing their worst falls since the global financial crisis. While it may be hard to see a path out of the doom and gloom, taking a view of the current situation and having a balanced and pragmatic approach to market conditions, focusing on long-term themes, is more important than ever for investors.
Markets are likely to remain in fear
The SS&C GlobeOp Forward Redemption Indicator for March 2020 measured 3.11 per cent, up from 2.83 per cent in February.“SS&C GlobeOp’s Forward Redemption Indicator for March 2020 was 3.11 per cent, lower than the 3.49 per cent reported for redemptions in the same period a year ago. The 3.11 per cent reported for March 2020 marks the third consecutive month of year-over-year reductions in redemption notices,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We note this improvement in hedge fund redemptions has occurred against the backdrop of the COVID-19 outbreak, but the ongoing increase in cases reported worldwide,
Managed futures strategies have been slowly clawing back gains in recent days, as steep downward trends continued to rock global markets on the back of the coronavirus pandemic.
Covid-19 will impact Greek tourism, but with strong PMI figures in 2019 and a new stable government, hedge funds such as Greylock Capital see long-term opportunities in the country; in particular Greek debt and real estate. Hopefully, the storm that ensued from its debt crisis in 2010 will not be repeated.
By Ben Watford, Eversheds Sutherland – Selecting the fund domicile which best suits an emerging hedge fund strategy is one of the key decisions facing investment managers ahead of launch. The choice they make at the outset will have far reaching regulatory and tax consequences throughout the life of the fund.
Law firm Eversheds Sutherland notes that in making this choice, a manager needs to take into account the preferences and location of the fund’s seed and target investors. Historically, hedge fund managers have favoured offshore, low tax jurisdictions like the Cayman Islands, but more recently the dedicated fund vehicles
