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The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -1.99 per cent in February, underperforming the -1.44 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“After US equities reached all-time highs in mid-February, markets sold off precipitously towards the latter half of the month, erasing the gains and finishing the month down over 8
Cineworld, the London-listed cinema group heavily shorted by a number of hedge funds, saw its share price tumble on Thursday amid the continued market sell-off on the back of the coronavirus outbreak.
The FTSE 250 company’s share price dropped some 47 per cent at one point during morning trading. The slide comes as both the FTSE 100 and FTSE 250 shed roughly 6 per cent after US president Donald Trump suspended travel to the US from 26 European countries as a move to curb the spread of Covid-19.
BlackRock Investment Management, EMS Capital, Marshall Wace, Maverick Capital, SCGE and Tybourne
John C Ertman, a long-time litigator for the investment management industry, has launched a new, conflict-free litigation firm, Ertman Dulis & Helisek.
The firm has offices in New York, New Jersey and Pennsylvania and is uniquely focused on investment management litigation in both defence- and plaintiff-side cases. The firm’s client base includes hedge fund, mutual funds and private equity funds, spanning a broad spectrum of cutting-edge matters affecting asset managers and their investors.
The firm’s leadership comprises founding partners Ertman, Caleb Dulis and Julian Helisek, all of whom were previously investment management litigators at global law firm Ropes & Gray.
The Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that raised approximately USD39 million from at least 30 investors located mostly in Florida and Puerto Rico.According to the SEC’s complaint, filed in the US District Court for the Middle District of Florida, Kinetic Group and Williams fraudulently raised millions of dollars by making material misrepresentations to investors who they solicited to invest in Kinetic Funds I LLC, a purported hedge fund
The gross return of the SS&C GlobeOp Hedge Fund Performance Index measured -0.42 per cent for February 2020.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.70 per cent in March.
“SS&C GlobeOp’s Capital Movement Index showed an increase in net flows of 0.70 per cent for March 2020, up from the 0.19 per cent gain reported a year ago, and also above long-term average net flows for the calendar month of March,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This strong result is particularly noteworthy amid the recent surge in market volatility attributed to the
AXA Investment Managers (AXA IM) has unveiled plans to incorporate its Chorus hedge fund business into a new global alternative investment platform to be known as AXA IM Alts.
Read the full story at Institutional Asset Manager…
Asian hedge fund platform OP Investment Management Limited (OPIM), is partnering with Waterflow Capital to launch Waterflow Fund SPC, which is Cayman-domiciled and for professional investors only.Managed by Shui Jiang and Minghan Jiang, the Fund will deploy a thematic global macro strategy, investing in instruments related to macro volatility, interest rates, FX, equity indices in North America and Asia-Pacific. Investment horizons can range from two to six months, and position sizes within the portfolio are based on conviction and expected rate of return analysis conducted by the team.
Before launching the Fund, Shui Jiang served as the CEO and Minghan Jiang as the
Boutique fund governance firm, Athena International Management Limited (Athena), has added an experienced professional independent director to its governance team. Sabrina Foster joins Athena with over 20 years’ experience in the alternative Investment funds industry, previously serving as an independent director on hedge fund and private equity vehicles at global financial services institutions, MaplesFS and Intertrust in the Cayman Islands.
Formerly a Partner in the Funds and Investment Services team at international law firm, Appleby, Foster has a broad range of knowledge and experience on structuring and formation, corporate governance, financing and regulatory matters for hybrid and complex investment fund structures
TransFICC, a specialist provider of low-latency connectivity and workflow services for fixed income and derivatives markets, and SoftSolutions, a developer of high-performance mission-critical platforms, are partnering to provide clients with connectivity and workflow solutions for Interest Rate Swaps.Using TransFICC’s ‘One API for eTrading’ platform, SoftSolutions will be able to offer its clients access to IRS e-trading, in addition to its existing Rates and Credits services. TransFICC and SoftSolutions will support specific workflow functionality demanded by firms trading in the Swaps market, including Request for Quote (RFQ), Request for Stream (RFS), Request for Market (RFM), Process trades and Lists/Compression trading. Product
JTC has appointed Neil O’Brien as Funds Director in its Luxembourg office. O’Brien is responsible for reviewing operational processes in Luxembourg and is also the Luxembourg client relationship manager for several clients.For over 20 years O’Brien has focused on alternative funds, primarily in the hedge and private equity sectors, with his career seeing him work in numerous jurisdictions such as Australia, Bermuda and Singapore. Prior to JTC he has most recently held senior roles at Citco Fund Services where he was Head of Operations for alternative funds, and also SS&C GlobeOp as Conducting Officer, both based in Luxembourg.
Luxembourg is
