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Fund inflows rebounded in November as UK investors took advantage of the sharp drop in global stock markets at the end of October, according to the latest Fund Flows Index (FFI) from global funds transaction network Calastone.
The new monthly index tracks orders representing millions of individual investor decisions, and is the most comprehensive, and up-to-date measure of UK fund flows, according to Calastone.
UK investors committed a net GBP2.2 billion to funds in November, more than double October’s total. This took Calastone’s FFI to 54.0, up from the two-year low of 51.6 reached in October when sharp
Hedge funds fared better in November compared to October but still ended the month in negative territory, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Merger Arbitrage continued to outperform last month in a very robust M&A context in the US (but not in Europe) despite the turmoil in equity, credit and commodity markets.
CTAs underperformed in early December, partly due to the US Dollar reversal. FX remains one of the few asset classes where CTAs maintain directional positions. The strategy has been long for the USD vs Euro, the British Pound and the Japanese
The European Energy Exchange (EEX) has published the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) for the 25 Member States participating in the common auction platform. These calendars were established in coordination with the European Commission and the participating Member States.
The auction dates and volumes on behalf of Poland will be added as soon as possible. The auction calendar for Germany will be published after the amendment of the Auctioning Regulation to list EEX as Germany ́s next opt-out auction platform has entered into force.
The EUA auctions will be conducted
FCA-regulated Prime of Prime broker, Stater Global Markets, has experienced ‘significant growth’ in 2018, following a year of major investment in the business and a series of senior hires in newly created roles.
The London-based firm, which offers institutional clients direct access to Tier 1 bank and non-bank FX and bullion liquidity, clearing and institutional grade technology, has a global client base consisting of brokers, banks, hedge funds and prop traders.
As part of its global expansion plans, Stater Global Markets is focussing on growing its client base in the UAE and is exhibiting at the Emerging Manager Forum
Two investment management platform firms have formed a partnership to offer a one-stop hosting solution to their international client base of hedge funds, private equity and real estate funds.
Laven Partners will provide UK Appointed Representative and AIFM solutions as well as its unique and world-leading compliance technology monitoring solutions. Fuchs Asset Management meanhwile, an established management company in Luxembourg covering UCITS AIFMD and MIFID solutions, will provide an umbrella to suit every client’s needs. Laven Partners has offices in London and New York. Fuchs Asset Management has offices in Luxembourg, Belgium and Switzerland.
The partnership will give Laven’s
The Gemini Companies (Gemini) has shared insights (via a recording) from a recent Gemini-hosted event in Boston that demonstrated how its DMA structure may provide significant savings over traditional multi-fund structures. During the event, Susan Barreto, Editor at Large for HFM Global, interviewed David Young, President of Gemini’s Hedge/Alt Solutions, who provided concise examples of clients realizing these quantifiable savings.
Young walked the audience of senior fund industry executives through a DMA. He explained how the DMA’s capacity can allow the asset owner and investment manager to negotiate strategy guidelines and management and performance fees to result in meaningful
Rimon Law has expanded its Private Fund and Securities Advisor team with the appointment of Geoffrey Perusse as a Partner in the firm’s San Francisco and Lake Tahoe offices.
Perusse’s practice focusses on private fund formation, investment activities, securities regulation and compliance matters. He regularly represents sponsors and managers of private funds across various asset classes, including real estate, private equity, debt, venture capital and hedge funds, with respect to the structuring, formation and operation of the funds, regulatory and compliance matters and investing activities.
Perusse joins Rimon from VLP Law Group, where he was a Partner. Perusse brings his
Nordea Asset Management has launched a European long/short equity strategy – the Nordea 1 – European Long/Short Equity Fund – a liquid alternative strategy designed for investors searching for yields higher than traditional fixed income products, while at the same time seeking lower volatility than long-only equity funds.
Stockholm-based Madrague Capital Partners AB, which is 40 per cent owned by Nordea Asset Management Holding AB, will manage the fund.
“We are looking forward to the launch of our first fund together with Nordea,” says Lars Franstedt, CIO and portfolio manager at Madrague Capital Partners. “Our belief is that the investment
While most eVestment users’ top viewed products globally and regionally fell into the equity category in October, Europe ex-UK users pushed three fixed-income products and two hedge funds on to that region’s list of most-viewed products, according the November 2018 eVestment Advantage Viewership Report.
The Advantage investment viewership data is generated through the eVestment Advantage solution and based on tracking daily eVestment user reviews of investment universes and products on eVestment. The report looks at Global, United States, United Kingdom, Europe ex-U.K., Japan, Asia ex-Japan, Australia/New Zealand, Africa/Middle East and Canada profile viewership activity among the institutional investors and consultants
Canterbury Consulting, a Newport Beach-based institutional investment advisory firm with more than USD18.3 billion in assets under management, will turn to Canoe Intelligence (Canoe), in a multi-year relationship to efficiently digitise, track and organise thousands of documents and data points.
“Canoe’s system will help track and organise all our clients’ documents,” says Mike Ethridge, COO, Canterbury Consulting. “Transitioning from the time-consuming task of manually reviewing and sorting everything to Canoe’s intelligent system will be a huge win for our clients.”
Canoe’s first-of-its-kind technology eliminates manual data entry for alternative asset investors. The technology allows institutions, LPs, and family offices
