Latest News
MacKay Municipal Managers (MacKay), the municipal bond team of MacKay Shields, is to employ Artivest’s open-architecture digital platform to bring its alternative solutions to financial advisors and qualified high-net-worth investors.
“Our relative-value, research-driven approach to investing in municipal bonds is designed to bring investors healthy after-tax income over the long term,” says Robert DiMella, CFA and John Loffredo, CFA, Co-Heads of MacKay. “At a time when the present market is dominated by low yields and negative rates, we are glad to work with Artivest to bring advisors and qualified investors a number of sophisticated fixed-income solutions which strive to potentially
Värde Partners, a global alternative investment firm, has raised its 13th flagship vehicle, Värde Fund XIII, with USD2.47 billion in commitments.
The Fund exceeded its USD2 billion target and will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services.
“Over the past 26 years we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” says George Hicks, Co-Founder and Chief Executive Officer. “In this fund, we utilise our deep experience through many market
Kempen Capital Management has added to its UK business development team with the appointment of Julie Alexander as a business development director.
Alexander brings nearly 18 years of experience to the role. In her previous position, she worked for 12 years as a senior investment consultant for Willis Towers Watson, where she focused predominantly on advising DC and DB schemes. Prior to this, she worked for Coal Pension Trustees Services and Barclays Capital.
The appointment follows a series of new hires earlier in the year, as Kempen continues to meet growing demand by UK pension schemes for its fiduciary management
JST Capital (JST), a global financial services firm specialising in digital assets, saw gross revenue increase 600 per cent at year-end 2019 compared with year-end 2018.
The Company also disclosed that it has also entered over USD200 million in collateralised loans in 2019. This surge in growth has been across all of its business lines and aided by the recent regulatory clarity in Asian markets.
Todd Morakis, Co-Founder of JST Capital, says: “Since we launched our full suite of services over a year ago, the digital asset market in Asia has evolved rapidly. The recent changes in the regulatory landscape
The Standards Board for Alternative Investments (SBAI) has published a memo on co-investments which was developed by the Standards Board’s Governance Working Group.
The Standards Board is the global standard-setting body for the alternative investment industry, providing a collaborative platform for institutional investors and alternative investment managers to standardise and improve industry practices and streamline investor due diligence. It is supported by over 200 alternative investment managers and institutional investors who collectively manage USD4.5 trillion.
Co-investments have become increasingly popular in alternative funds, not just in Private Equity and Real Estate, but also in other liquid and illiquid alternative investment
DASH Financial Technologies, a capital markets technology and execution specialist, has appointed Steven Bonanno as Chief Information Officer.
Reporting directly to CEO Peter Maragos, Bonanno will be responsible for DASH’s IT infrastructure and technology platform operations.
Bonanno brings over 25 years’ experience working in the equities trading technology industry. He joins DASH from Bloomberg, where he served as Global Head of Risk Operations at the firm’s Tradebook agency brokerage business. He also served as the Global Head of Alliance Support, leading several key projects involving the transition of Tradebook from an executing agency broker model to that of a fintech
Stableton, a European platform for alternative investments, has hired Ethan B Schaerer to lead the firm’s strategic business development, sales and marketing initiatives into the next growth stage. On 1 January 2020, Schaerer will assume the position of Managing Partner alongside Stableton’s co-founders Andreas Bezner (CEO) and Konstantin Heiermann (CFO).
The 16-year financial industry veteran joins Stableton from Greentech Capital Advisors. At Greentech Capital (merger with Nomura announced), Schaerer worked closely with its founder, a former Joint Global Head of Investment Banking at UBS, to create the largest global advisory firm that focuses exclusively on sustainable infrastructure, technology, and impact investments.
“Client services could be a key focal point going forward for how fund managers might stand out from the crowd and remain relevant,” says Ross Ellis (pictured), Vice President and Managing Director of the Knowledge Partnership in the Investment Manager Services division at SEI, when discussing the third of five trends in SEI’s latest white paper, Evolution in Asset Management.
A recent white paper I read from Willis Towers Watson (Willis) suggests that the level of alpha and the volatility of alpha are at their lowest levels. The paper – Hedge Funds: A New Way – ultimately goes on to make a positive case for why hedge funds remain integral to investors’ portfolios but it is interesting to think, for a moment, as to why alpha levels are so low.
Assured Guaranty Corp (AGC), a subsidiary of Assured Guaranty, has appointed Steven Kahn as Senior Managing Director, Structured Finance.
