Latest News
Angelo, Gordon & Co, a USD38 billion alternative investment firm focused on credit and real estate investing, has held the final closing of AG Credit Solutions Fund, with USD1.8 billion of equity commitments.The Fund, which is the flagship closed-ended investment vehicle of the firm’s distressed and corporate special situations activities, employs an all-weather investment approach designed to generate attractive risk-adjusted returns in any market environment. The Fund’s investment strategy seeks to align with companies and create customised financing solutions that can help resolve idiosyncratic liquidity and capital structure situations.
The Fund, which held its initial closing in July 2019,
The Eurekahedge Hedge Fund Index gained 0.17 per cent in January, outperforming the underlying equity market as represented by the MSCI ACWI (Local), which lost 0.90 per cent over the same period.
Equity markets started the month on a positive note, supported by the de-escalation of the tension in the Middle East, and the signing of the US-China phase-one trade deal. The S&P 500 and the tech-heavy NASDAQ returned 1.97 per cent and 2.29 per cent respectively for the week ending January 17.
However, market sentiment shifted quickly towards the end of the month, following the coronavirus outbreak in China.
SatSimple, a UK provider of bitcoin services has acquired PolyX, an EU-regulated crypto exchange and secure wallet provider.“PolyX’s technology platform, their unique risk based approach and regulatory status fits perfectly into SatSimple’s strategic build plan for delivering innovative and secure Bitcoin services to customers in the crypto asset space,” says John Clifford, SatSimple’s Head of Communications. “It is one of a number of acquisitions planned in the lead into SatSimple’s launch later in 2020. The mission of SatSimple is to provide the next generation of integrated Bitcoin services that are, less complex, more secure, and highly transparent.”
Stanislav Chernukhin, CEO of PolyX, adds:
ResearchPool has launched a new interactions management tool on its platform that allows buy-side firms to simplify the monitoring, aggregation, analysis and evaluation of investment research and corporate access related interactions.As part of the investment process, investment professionals acquire, in addition to written investment research, a range of other advisory services from sell-side firms, such as conferences, one-to-one meetings with corporate executives, tailored roadshows, sell-side analyst calls and meetings. Investment firms may also arrange meetings and interact directly with corporates.
MIFID-II’s research unbundling regulations has uncovered that some investment firms spend more than fifty percent of their external investment research
Alternative asset manager Canyon Partners has marked the five-year anniversary of the River Canyon Total Return Bond Fund (RCTIX). Since inception in 2014, the fund has consistently outperformed its benchmark, the Bloomberg Barclays US Aggregate Index, and its fund category on an annualised basis by 3.19 per cent and 2.40 per cent respectively. The fund has a 5-Star overall Morningstar Rating.
“The growth and performance of the Fund is reflective of Canyon’s research process, focus on security selection, and our long history of generating strong absolute and risk-adjusted returns in structured credit sectors,” says George Jikovski, Senior Portfolio Manager and Head
Velox Clearing (Velox), a technology-driven clearing firm, has appointed brokerage industry veteran Michael Higgins as its Chief Executive Officer. Higgins brings three decades of financial services leadership experience to Velox, most recently serving as Head of Operations at LPL Financial (LPL). In this position, he oversaw all areas of the firm’s operations while mitigating risk, increasing efficiency, and working to continuously improve the client experience. At LPL, he was also Senior Vice President of Operational Risk Management, where he was responsible for the development and implementation of a risk culture and mitigation methodology throughout the firm’s operational and service organisations. His
Fiera Capital, an independent multi-boutique asset management firm, with over USD124 billion under management, has established a new European Headquarters at Queensbury House, Old Burlington Street in Mayfair, London. This move will see Fiera Capital consolidate all of its UK based subsidiaries and operations including Fiera Real Estate UK, Fiera Capital UK and Fiera Infrastructure within the same building.
The establishment of the new European headquarters follows the successful acquisition of an 80 per cent interest in Palmer Capital Partners Limited in March 2019 and its subsequent rebrand to Fiera Real Estate UK Limited. This was Fiera Capital’s first acquisition of
Productivity provides an edge in equity research, and as equity-focused hedge funds navigate the markets this year, any opportunity to use next generation technology tools to trade more adroitly will likely be welcomed. In the following Q&A with Hedgeweek’s managing editor, James Williams, Nick Mazing, Head of Research at Sentieo Inc, discusses how its platform is using the latest AI technology to improve the research workflow and reduce the time taken to ingest structured and textual data sets, and empower portfolio managers as they look to build alpha-generating investment theses.
HW: Could you begin by providing some thoughts on what productivity
By Roger Aitkin – With the former head of the Russian Federation’s Federal Tax Service and newly appointed Prime Minister, expressing the view that “all operations” with cryptocurrency should be taxed, industry pundits in the space are reflecting on what the impact and fallout might be.
Markets to stay volatile, as coronavirus fears dampen EM growth, says Bluebay
Markets to stay volatile, as coronavirus fears dampen EM growth, says Bluebay