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Nut Tree Capital Management (Nut Tree), one of the alternative managers within Investcorp’s Hedge Fund Partnership platform, has reached USD1 billion in assets under management. Investcorp first announced its strategic relationship with Nut Tree in late 2015.
“We congratulate the talented team at Nut Tree for achieving this notable milestone,” says Lionel Erdely (pictured), Head and Chief Investment Officer, Absolute Return Investments at Investcorp. “From the first day we met Jed and his team back in 2015, we have been confident in the firm’s holistic approach across the capital structure, focus on fundamental research and portfolio construction, and deep experience
Prestige Funds, a provider of private finance to the UK’s agriculture, clean energy and SME markets, has completed a GBP14.7 million funding deal to finance an anaerobic digestion (AD) plant in Kent.
The deal is the latest in a long series of financing agreements to fund anaerobic digestion facilities in the UK, which are helping farms and food business to process waste into energy. Prestige, via its specialist asset backed lending funds, provides funding for loans. The latest project, which is being managed by dedicated Finance Arranger and Project Manager Privilege Finance, part of the Prestige group of companies, is
The Commodity Futures Trading Commission (CFTC) has announced a whistleblower award totalling more than USD2 million to be paid to an individual whistleblower.
The CFTC granted the whistleblower’s award application for both a CFTC action and a related action brought by another federal regulator. In ordering the award, the CFTC recognises the contribution of a whistleblower in providing critical information through independent analysis of market data.
James McDonald, Director of CFTC’s Division of Enforcement, says: “The Commission is dedicated to working cooperatively with other federal regulators, and this case highlights how successful we can be when we appropriately share
ACA Compliance Group’s Head of Prudential Practice, Michael Chambers, comments on the agreement struck last week by the EU for new prudential rules for investment firms across Europe…
New agreement heralds tighter controls for financial firms operating in the EU
Having tracked the development of the new prudential framework for a number of years, it is promising to see that it’s approaching finalisation. We await further news to see which of the amendments proposed by the Parliament and Council make it into the adopted version.
While Brexit impacts all existing and developing EU legislation, it is highly unlikely that the UK will
PEGAS, the pan-European gas trading platform operated by Powernext, established a new monthly record on its TTF spot market in February with 47.97 TWh, eclipsing the previous high mark of 46.53 TWh set in January.
The total volume traded in February amounted to 182.5 TWh on the PEGAS platform, including 120.8 TWh on the spot and 61.8 GWh on the futures segments, which represents an increase of 4 per cent over last year (February 2018: 174.9 TWh).


Overall spot trading volumes in February reached 120.8 TWh , up 7 per cent from last year (February 2018: 112.4 TWh). With
ARI Network Services (ARI), a provider of software and marketing solutions to dealers, equipment manufacturers and distributors in select vertical markets, has secured a strategic growth investment from TA Associates, a global growth private equity firm.
True Wind Capital, a San Francisco-based private equity firm that completed a take-private transaction of ARI in August 2017, will remain the largest shareholder in the company. Financial terms of the transaction were not disclosed.
Founded in 1981, ARI provides lead-generation, e-commerce, digital marketing, electronic catalog and dealer management solutions to dealers in end markets such as power sports, outdoor power equipment, marine,
Emerging markets (EM) L/S Equity strategies remain cautious regarding the sustainability of the rally in EM assets, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Managers report that good news tend to be priced in with EM valuations back in their medium range. They are not convinced that global growth bottomed for good. They are also concerned that political uncertainties will continue to make stock picking opportunities vulnerable.
In contrast, EM top-down and credit strategies largely turned bullish on EM markets. Managers report that positive economic surprises in China are only at their beginning. They expect
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 31 per cent to 359.3 TWh in February (February 2018: 274.3 TWh).
In particular, significant increases in the German Phelix-DE product (248.4 TWh, + 62 per cent) as well as in the Spanish market (13.1 TWh, +56 per cent) contributed to this development. Volumes in the Dutch market more than doubled to 4.0 TWh (February 2018: 1.6 TWh). In the Central and South-Eastern European (CSEE) markets, EEX almost tripled its trading volumes year-on-year to 14.0 TWh (February 2018: 4.9 TWh).
On the EEX markets for emission
CPR AM has expanded its fixed income range with the launch of CPR Invest – Smart Beta Credit ESG Fund, an open-ended fund incorporated in Luxembourg that aims to achieve a return comparable to the euro-denominated investment grade credit market, with a lower risk over the long term.
The fund is managed by Fanny Jacquemont and is based on a quantitative model developed by CPR AM’s research team.
Julien Daire, head of fixed income and credit, says: “Investors are constantly searching for yield in this low interest rate environment. But because of on-going geopolitical uncertainty, accessing credit with the
Morningstar has released a new report, Cross-Border Liquid Alternative Fund Landscape 2019, showing how the landscape for this fast-growing asset class has developed and transformed in the past decade, and what challenges lay ahead for investors and fund selectors in the asset class.
In the 10 years through the end of December 2018, the number of available open-ended alternative funds domiciled in Europe has risen by 76 per cent, which equates to 2,663 live open-ended funds in Morningstar’s database currently. This growth is higher than for any other asset class. In terms of assets, alternative managers oversaw EUR420 billion of
