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Blackstone has appointed Gabriel Sod Hoffs has joined Blackstone Alternative Asset Management (BAAM) as a Managing Director and Head of Emerging Markets and Global Macro Strategy.
Sod Hoffs joins from Caxton Associates where he was a Portfolio Manager focusing on emerging markets. Prior to Caxton, he was a senior investment associate at Bridgewater Associates where he focused on emerging markets, and CIO of Austin Credit Macro, a global macro hedge fund seeded by TPG Capital. Sod Hoffs has also held investment positions at Dodge & Cox and Farallon Capital where he concentrated on currencies, interest rates, and sovereign credit. He
CTA funds posted a 1.59 per cent return in June, according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Index has gained 3.84 per cent through June.
“Recession fears coupled with market anticipation of Fed loosening rallied prices for long-term bonds and short-term notes while gold prices rose to a six-year high,” says Sol Waksman (pictured), president of BarclayHedge. “Equity investors seemed to ignore recession concerns and focused on the benefits of a rate cut, propelling the S&P 500 7 per cent higher on the month.”
Nearly all CTA fund sectors posted positive returns in June, the lone
GAM Holding has received all the proceeds from the sale of the remaining assets within its unconstrained/absolute return bond funds (ARBF) in line with the agreement announced on 17 April 2019.
The sale will result in an average of 100.5 per cent of net asset value being returned to clients relative to the valuations at the time the liquidation of the respective funds commenced.
GAM’s priority throughout the liquidation process has been to maximise liquidity and value for its clients. Since the beginning of September 2018, when the liquidation of the ARBF funds commenced, clients have already received funds in
European mid-market private equity investor Equistone Partners Europe (Equistone) is to acquire Moody’s Analytics Knowledge Services (Knowledge Services), a provider of bespoke research, analytics and automation technology to the financial services sector, from Moody’s Corporation.
Established in 2014 through the merger of the Moody’s subsidiaries Copal Partners and Amba Research, Knowledge Services provides various market-leading customised knowledge services, in domains such as investment banking, investment research, private equity & consulting and commercial lending. The business, headquartered in London and operating across nine delivery centres worldwide, employs a specialist workforce of subject matter experts working as an extension of clients’ teams.
The Eurekahedge Hedge Fund Index was up 1.83 per cent in June, bringing its year-to-date return to 5.84 per cent, according to the July2019 edition of the Eurekahedge report.
Roughly 24.7 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first half of the year.
The global hedge fund industry AUM has grown by USD2.0 billion as of June 2019 year-to-date. Preliminary Q2 2019 net outflows figure stood at USD23.8 billion, as investor redemptions continued to slow down. Hedge fund managers recorded USD46.4 billion and USD94.7 billion of net outflows in Q1 2019
eVestment, a specialist in institutional investment data and analytics, is to offer Eurekahedge fund data and indices to clients of eVestment’s suite of Analytics solutions.
eVestment Analytics clients will now have access to Eurekahedge’s global hedge fund data and indices, which cover over 30,000 hedge funds and funds of hedge funds spanning North American, European, Asian, Latin American and emerging markets.
This expansion of data capabilities on the eVestment platform furthers eVestment’s focus on providing the most comprehensive institutional investment data to clients around the world across a wide variety of asset classes, including traditional investment strategies, hedge funds,
Dr Heath P Tarbert has officially begun his term today as the 14th Chairman of the US Commodity Futures Trading Commission (CFTC), succeeding J Christopher Giancarlo.
“America’s futures, swaps, and options markets are the global standard. Their integrity is essential to the economic security of every American, particularly our farmers and ranchers. I look forward to working with each Commissioner and the talented staff at the CFTC to ensure our derivatives markets remain vibrant and wrongdoers are held accountable,” says Tarbert. “At its core, the CFTC is a guardian of the American free-enterprise system. Opportunities and threats await us, and
Carmignac, a French independent asset manager, has added David Beacham and Edward Aram-Dixon to the UK business development team.
Beacham joins as Business Development Director, Head of Regional Sales, while Aram-Dixon joins as Business Development Manager. Both will report to David Robson, Head of UK Retail for Carmignac.
Beacham and Aram-Dixon will be responsible for developing Carmignac’s offering with UK and European investors, with a key focus on the newly launched range of UK-domiciled OEIC funds.
David joins from Goji Investments, where he was Head of Distribution. Prior to that he was a Business Development Director at Just Retirement. Edward
Hedge funds’ monthly results returned to the black in June with a 1.94 per cent return, a turnaround from May’s 1.66 per cent decline, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
By comparison, the S&P 500 Total Return Index was up 7.07 per cent in June.
With positive returns in five of the past six months, hedge funds have gained 7.06 per cent in the first half of the year, its best start since 2009 when the Index gained 10.93 per cent in H1.
“Declining interest rates in the US and Europe fuelled June’s rally in share
RedBird Capital Partners (RedBird) and Reverence Capital Partners are to acquire Vida Capital (Vida), an alternative asset management platform specialising in non-correlated investment strategies.
Vida’s President and CEO, Jeff Serra, along with members of the management team, will invest alongside RedBird and Reverence in the transaction. The proposed transaction, which is expected to close by the fourth quarter of 2019, is subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction were not disclosed.
Vida is positioned to benefit from sustainable life settlements market growth and further institutionalisation of the sector, as well as strong demand
