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The need for selectivity among investors will be in greater focus in 2019, according to PineBridge Investments (PineBridge), an investment manager with USD91.4 billion in assets under management.
“Heading into 2019, global macroeconomic uncertainty continues to rise and the spectre of disruption, whether it be from geopolitics, technological innovation, or business investment, is becoming more real than ever,” says Greg Ehret, CEO of PineBridge. “These dynamics are leading to rising dispersion among assets, underscoring the need for investors to be highly selective across asset classes.”
PineBridge’s 2019 Global Investment Outlook, “Rising Above the Business Cycle,” outlines the firm’s view
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -2.07 per cent in October, largely underperforming the 1.04 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“October was a volatile month as markets processed the potential impacts of rising interest rates, as well as the ongoing presence of global geopolitical
BTIG’s Fixed Income, Currency and Commodities division has added a Commercial Mortgage-Backed Securities desk led by Weston Friedman.
Friedman will be based in the firm’s New York office and will report into Drew Doscher and Darren Haines, Managing Directors and Co-Heads of Fixed Income Credit at BTIG.
Friedman joins BTIG as a Managing Director and Head of Commercial Mortgage-Backed Securities (CMBS).
“Weston is a key hire as we expand our fixed income business into structured products. His experience on both the buy and sell side establishes a solid foundation for this team as we look to add
Private equity and hedge fund managers alike are finding their investor base is challenging what products fit best within their portfolio and, in many cases, no longer want a “one size fits all”, according to EY’s 12th annual Hedge Fund Survey, which has been released under the new name of the Global Alternatives Survey.
The survey – ‘At the Tipping Point: Disruption and the pace of change in the alternative asset management industry’ – explores specific disruptions that are impacting all asset managers, and finds that, while overall allocations to alternatives are steady, investors seem to be challenging large allocations
Schwyzer Kantonalbank has selected Allfunds as its B2B fund platform partner, becoming its provider to access third party mutual funds.
The Bank has signed an agreement with Allfunds for the use of services in the area of fund selection and the automated processing of the third-party fund business.
Schwyzer Kantonalbank’s investment solutions in advisory and discretionary wealth management are now supported by the services provided by Allfunds Bank.
Schwyzer Kantonalbank says by selecting Allfunds as a fund platform provider, its gains access to a very broad universe of investment funds, relying on Allfunds as a provider that delivers
Temenos has formed a new partnership with Curo Fund Services, a South African third party administrator and provider of investment operations and fund accounting services to life companies, asset managers and multi-managers, with assets under administration of more than USD150 billion.
Under this new agreement, Curo will migrate more than 3,000 funds from its five legacy fund accounting platforms to a single instance of Temenos’ Multifonds Global Accounting platform. The move will transform Curo’s operating model by simplifying its architecture and enabling more automated exception-based processing to increase efficiencies, reduce costs and open up new opportunities for growth.
OTCXN, a blockchain-powered capital markets infrastructure company, has launched its OTC Block Trading venue for Crypto trading. This is the first of several trading venues that will be launched for institutional-only digital asset trading.
After a period of successful testing, the venue is now open to all clients with accounts at custodians on the OTCXN network, including Kingdom Trust and Prime Trust, both of whom are regulated US entities that offer custody services for Fiat and Cryptocurrencies. Trading on the venue includes Fiat-for-Crypto, Crypto-for-Crypto and Fiat-for-Fiat.
“We are extremely pleased to announce that our institutional clients are now trading
Citco has launched Æxeo Treasury, a new software-as-a-service (SaaS) offering that allows alternative fund managers to manage treasury functions through a new tool running on Amazon Web Services (AWS).
Citco says Æxeo Treasury adds value by improving operational efficiencies and workflows, and provides a secure, centralised module for treasury operations.
Æxeo Treasury is a stand-alone solution that enables firms to centralise their treasury functions, including funding investments, settling OTC trades and margin, making transfers between accounts or paying invoices, and other transactions through Citco’s SWIFT Service Bureau functionality.
Additionally, this new platform offers unprecedented flexibility and utility by:
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2018 measured -3.07 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.64 per cent in November.
“SS&C GlobeOp’s Capital Movement Index rose 0.64 per cent for November, an increase from the 0.23 per cent gain for the same period a year ago,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The increase in net flows this past month indicates investors are confident in hedge fund managers’ ability to generate favourable risk-adjusted returns in a period of
Performance challenges in the global hedge fund industry continued in October, according to the latest eVestment hedge fund performance data, with the industry’s aggregate performance of -3.10 per cent for the month dragging year-to-date (YTD) performance into the red at -2.55 per cent.
October was the second lowest month in performance since September 2011.
eVestment says: “The search for bright spots in the industry was difficult in October as almost every hedge fund primary market and primary strategy was in the red for the month, although many are still in positive territory YTD. October’s fund performance and resulting impact
