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By Don A Steinbrugge (pictured), Agecroft Partners – The CFA Institute has released and circulated the final version of its guidelines to improve performance standards in the hedge fund industry. They will go into effect on 1 January, 2020. We strongly support the effort to create and implement performance standards in the industry and believe that the CFA Institute is the right organisation to lead this charge.
As we have seen in the long only investment industry, GIPS performance standards are well thought out and have been broadly accepted. The adoption of these standards has greatly improved investors’ ability to evaluate
The Eurekahedge Hedge Fund Index gained 0.84 per cent in November, supported by the strong performance of the global equity market as represented by the 2.76 per cent gain recorded by the MSCI ACWI (Local).
Market optimism towards the progress of the US-China trade talks, combined with strong corporate earnings season pushed US equities to new highs during the month. European equities also posted gains throughout the month as Germany narrowly avoided recession and pushed the DAX 2.87 per cent higher over the month.
Over in Asia, the passage of the Hong Kong Human Rights and Democracy Act toward the
GCM Grosvenor, a global alternative asset manager, has completed the final close for Multi-Asset Class Fund II at the high end of its targeted capital raise with USD983 million in committed capital.
Multi-Asset Class Fund II pursues investment opportunities sourced from GCM Grosvenor’s USD57 billion alternative investment platform, with investment capabilities across hedge fund strategies, private equity and debt, infrastructure, and real estate. The platform has 160 investment professionals and relationships with 600 alternative asset managers.
“This successful fundraise reflects the strong value proposition of an opportunistic multi-asset class investment approach,” says Fred Pollock, GCM Grosvenor’s Chief Investment Officer. “In
Arabian Bourse (ABX), which has received In-principal Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) top operate as a crypto asset exchange and custodian, has received a double digit multi-million dollar investment from HBK-GoChain.
This strong partnership brings together a digital asset market place, a blockchain technology platform and strategic investment. The ABX and HBK-GoChain ecosystem will ultimately act as a bridge, integrating the region’s digital assets activity with other major digital asset centres around the world.
ABX is implementing the GMEX-powered hybrid centralised & blockchain distributed ledger technology suite, which is deployed and
More and more professional investment allocators are directly asking about sexual harassment during the fund manager due diligence process, while a rising number of allocators – nearly 1-in-10 – upon identifying sexual harassment issues would still invest with a given manager.
Those are two key findings of the just-released, second annual sexual harassment survey conducted by the Investment Management Due Diligence Association (IMDDA), the exclusive investor-based organisation dedicated to the professionals who perform investment and operational due diligence programs.
“Progress Achieved – Challenges Remain” reveals institutional fund allocators doing a better job of identifying sexual harassment issues at investment management firms
Murano’s Ole Rollag (pictured) reflects on the past year and makes his predictions for hedge funds in 2020…
It has been another challenging year for the hedge fund industry – asset flows were negative for the sixth consecutive quarter according to HFR data – and yet many managers seem positive overall.
We note both a more defensive view amongst many institutional investors and a better understanding within the asset management complex of what a hedge fund can and cannot do.
However, this comes with stark warning signs as many managers have yet to demonstrate their skills when a real bear
Boutique law firm Kleinberg Kaplan has appointed Joshua M Kaplan as a partner in its Estate Planning and Administration Practice. He joins from Dechert.
With more than a decade of experience in private wealth matters, Kaplan advises clients on a broad range of issues, including estate planning and administration; estate, gift and GST tax planning; business succession planning; charitable giving; and life insurance.
Kaplan’s clients include hedge fund and private equity fund managers, for whom he provides guidance in connection with estate planning issues related to fund formation, ownership and disposition. He regularly advises institutional clients regarding fiduciary issues and
Refinitiv has expanded its long term partnership with Antara, Indonesia’s national news agency to provide customers with access to in-depth news and information in Bahasa Indonesian and English across Refinitiv’s products, including via Eikon.
As Indonesia’s economy expands at the fastest pace in seven years, an understanding of the local business and political climate is crucial for international businesses looking to capture growth opportunities in the market. Through its breaking and in-depth articles on Indonesia’s politics, economy and business, finance, sports, as well as international news, Antara is regarded as a trusted and quality news source with an extensive network.
State Street Corporation has appointed Brian Franz as chief information officer (CIO). Franz, who joins the Company in January 2020, will report to Chief Operating Officer, Lou Maiuri and become a member of State Street’s Management Committee, its senior-most strategy and policy making group.
Franz comes to State Street from Diageo PLC, a publicly traded multinational company, where he most recently served as chief productivity officer leading information technology, enterprise operations and business service functions across the company. Franz joined Diageo in 2008 as global chief information officer having served as CIO for PepsiCo International and in a number of
Following the announcement of their strategic partnership in September 2019, Sanne and Colmore have now entered into the next phase of development.
Building on Colmore’s award winning Limited Partner (LP) portfolio monitoring platform, Helios, Sanne and Colmore have begun to develop a dedicated General Partner (GP) solution to enable real-time, online portfolio data, seamlessly connected to Sanne’s fully integrated services offering.
Both organisations are excited about what the future holds. The combination will provide the wider alternative asset industry with a new end-to-end solution throughout the LP – GP value chain. This will not only harnesses the power of Colmore’s
