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Jupiter has launched the Jupiter US Equity Long Short fund, a sub-fund of the Jupiter Global Fund SICAV which is managed by Darren Starr, an experienced hedge fund manager who joined Jupiter’s growing liquid alternatives business in April this year.
The fund will look to generate an absolute return over a three-year rolling period, independent of market conditions.
The Jupiter US Equity Long Short Fund will comprise a concentrated portfolio of circa 40-60 stocks based in, or conducting most of their activities in, the US. The Fund will hold both long and short positions, providing the flexibility to hedge
By Don Steinbrugge, Agecroft Partners – Each January Agecroft Partners releases its predictions regarding the top 10 hedge fund industry trends in the coming year. One of our predictions for 2018 was an increase in hedge fund closures for both large established hedge fund managers as well as emerging managers.
Some people might extrapolate from the recent closures of Highfields Capital Management, Criterion Capital Management and Tourbillon Capital that the hedge fund industry is in crisis. Our view, however, is very different. We believe that these closures are evidence of growth and maturity of the industry.
Hedge fund industry
OTCXN has signed Prime Trust to serve as a neutral, third-party custodian of assets for trading entities and exchanges that use OTCXN technology to facilitate clearing and settlement of OTC block trades and cross-exchange trading.
Prime Trust is a chartered, regulated and insured trust company with full fiduciary powers and AML/KYC procedures supporting both US and international clients.
The biggest problem for institutions in the cryptocurrency space prior to OTCXN’s launch has been the lack of a clearing and settlement solution that eliminates trading counterparty and settlement risk while connecting all global liquidity providers and exchanges. OTCXN’s multi-custodian
Epoch Partners Limited (Headquartered in the Cayman Islands) has launched what it says is the world’s first retail public offering of a cryptocurrency and digital assets-related fund.
The Securities Registration Statement for the fund was filed on EDINET – the disclosure system of the Japanese Financial Services Agency – on 28 September 2018, with subscriptions being opened on 15 October. According to the Securities Registration Statement, subscriptions are to be capped at JPY100 billion, or about USD900 million.
Epoch Digital Assets will make use of hedge fund management know-how to invest into funds and other investment vehicles with exposure
Independent depositary firm INDOS Financial is now offering a new ESG oversight service, which will be led by Matthew Queree, the company’s newly-appointed Head of ESG Oversight.
INDOS Financial, now has USD28 billion of assets under its oversight, plus a further USD16 billion over which the 32-strong firm performs money laundering reporting officer functions.
CEO Bill Prew (pictured) explains his role as an independent depositary, as one where his firm is free of conflicts with other service providers of a fund and provides valuable oversight over fund operations.
The idea of offering an ESG service has come from INDOS’s
RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), has been appointed to provide core custody, fund administration, registry and risk and investment analytic services for Warakirri Asset Management.
Melbourne-based Warakirri Asset Management (Warakirri) offers specialist investment for charities, global and domestic pension funds as well as individual investors across Australian and international equities, Australian agriculture, currency management and US real estate.
Jim McKay, Warakirri Managing Director, says: “We were impressed with RBC’s technology platform and strong commitment to the ongoing development of their IT and service platform. This aligns with Warakirri’s
The Growth Stage has launched what it says is the world’s first funding platform for private growth companies to raise investment capital from regulated institutional investors.
The company has signed up investors with over USD4 trillion of assets under management, from pension funds, retail funds and hedge funds through to sovereign wealth funds and family offices.
Headquartered in London, The Growth Stage has been designed exclusively to marry the increasing demand from institutional investors around the world, to invest in high growth, scale-up companies, and for those companies to seek alternative sources of capital.
Directly challenging the traditional
Opus Fund Services has been named Best North American Fund Administrator award for the 4th consecutive year at the 2018 Hedgeweek USA Awards which took place on 2o September at the Intercontinental Hotel in Midtown Manhattan.
John Ruszkowski and Nick Breault from the Opus Sales staff were on hand to accept the award.
Opus SVP, Head of Sales Jorge Hendrickson, says: “Being named Best North American Hedge Fund Administrator by Hedgeweek for a fourth consecutive year is a great achievement for our firm. It highlights the hard work and dedication put in by every Opus team member to be the best
Business information provider IHS Markit has launched new onshore Chinese bond market indices in alliance with ChinaBond Pricing Center Co (CBPC), a subsidiary of China Central Depository and Clearing Co (CCDC), a pricing provider for the world’s third largest fixed income market.
The new iBoxx ChinaBond indices are the first international, independent fixed income benchmarks using CBPC pricing data, the gold standard in Chinese domestic bond valuations. As the administrator of the indices, IHS Markit will apply its globally-recognised methodologies and maintain them in compliance with IOSCO and European Benchmark Regulation (BMR) standards.
“Partnering with CBPC allows us to
Man Group has reported funds under management (FUM) of USD114.1 billion at 30 September 2018, a slight increase on the USD113.7 billion under management at 30 June 2018.
Net inflows in the quarter totalled USD0.4 billion, notwithstanding the previously announced USD2.2 billion infrastructure mandate redemption. The company saw a positive investment movement of USD0.9 billion in the quarter, but negative FX movements of USD0.7 billion over the same period, plus other negative movements of USD0.2 billion.
Markel Corporation (Markel) meanwhile, has entered into a definitive agreement to acquire Nephila Holdings Limited (Nephila), with the sale of Man Group’s 18.5
