Latest News
Link Fund Solutions (Luxembourg) has been granted a license to act as UCITS Management Company and Authorised Alternative Investment Fund Manager by the Commission de Surveillance du Secteur Financier (CSSF).
Part of Link Asset Services, the Link Fund Solutions third-party ‘Super ManCo’ will provide its services to fund initiators from around the globe, offering its clients state-of-the-art risk management as well as a comprehensive oversight and governance framework with solid local substance.
The move underlines Australian-owned Link Groups’ growth strategy of targeting key European markets. With existing Luxembourg capabilities, the firm continues to build on its significant expertise in
Australian boutique fund manager Tribeca Investment Partners (Tribeca) has opened its initial public offer (IPO) for a new listed investment company, Tribeca Global Natural Resources Ltd (LIC). The company seeks to raise up to AUD250 million and aims to deliver investors a compound annual return in excess of 15 per cent.
The LIC intends to take advantage of the volatility in the natural resources sector by adopting a long/short strategy, investing along the value chain and through capital structures – equities, commodities and credit – to take advantage of relative value and valuation mis-pricing.
“The natural resources sector is
By Amanda Daly, EzeCastle Integration – If you are launching a new firm or enhancing the operational efficiency of an existing firm, choosing an external provider to outsource your IT needs is an important decision that should be made after careful consideration and evaluation. To help with the evaluation process, here are our top considerations to keep in mind when evaluating IT providers and which best suits the needs of your firm.
Availability & response time
When searching for an IT provider, you need to make sure that your IT provider has good availability. If the network does not sleep, neither
Accountancy and business advisory firm BDO has strengthened its business restructuring offering in the Midlands with the appointment of a new partner.
Ryan Grant joins the firm’s Birmingham office today, bringing more than 18 years’ experience in business restructuring having been a partner at AlixPartners (formerly Zolfo Cooper) for the last eight years.
He has worked across a variety of sectors, including retail, real estate, automotive, manufacturing, and leisure and hospitality. Ryan also works closely with banks, private equity houses and hedge funds, particularly within the mid-market.
His role at BDO will see him enhance the firm’s existing
Just 14 per cent of partners at hedge funds, private equity firms and other financial services partnerships are women (1,381 out of 9,957 total partners), according to an analysis of data provided by the FCA to Fox & Partners, the partnership law specialists.
The low percentage of women partners highlights slow progress in increasing diversity at senior levels in financial services partnerships: five years ago, the percentage was 13 per cent (1,224 out of 9,601 total partners).
The relatively small size of many PE and hedge funds means they may be less likely to have a HR function that
North American hedge funds which launched in 2018 are charging 1.46 per cent management fees on average, marginally higher than the global industry average of 1.40 per cent, according to data released by EurekaHedge.
The last two years have seen average management fees moving higher, following five consecutive years of decline.
North American hedge fund managers utilising long short equities strategy have successfully traded their way through the first seven months of 2018 to remain in the positive territory, returning 3.91 per cent despite the volatile market situation. On the other hand, their peers focusing on Greater China mandate
Wilshire Phoenix Capital, a privately-held speciality finance, asset management and advisory firm, has appointed crypto, blockchain and neuroscience specialist Garrette Furo, CAIA, as Partner and CIO.
Furo (pictured), has worked with numerous governments, blockchain start-ups, global investment banks, and wealth management firms on product development, digital asset allocation, trade management, and on several innovative concepts Previously, Furo was a neuroscience researcher at Columbia University Medical School. He holds patents and publications in the natural sciences along with a dual degree in molecular biology and alternative investments from Hampshire College.
“As the traditional financial landscape and wealth-generating client base continues
Newton Crypto has entered into a partnership with DVX Capital Markets, an affiliate of DV Trading and DV Chain, and the parent company of Independent Trading Group (ITG), a Canadian broker dealer regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
DV will invest up to USD15 million in debt and equity, dependent upon Newton reaching specified performance targets.
As Canada’s first commission-free cryptocurrency brokerage, Newton does not charge funding or trading fees. Newton’s native iOS and watchOS apps support Bitcoin, Ethereum and Litecoin trading. Currently in closed beta testing, Newton is planning to launch open trading in
According to Preqin’s latest survey of alternative assets investors, 45 per cent of institutional investors allocate to hedge funds, with the majority of investors reporting satisfaction with the performance of the asset class.
In June 2018, two- thirds of investors found that hedge fund performance had met or exceeded expectations over the past 12 months, including 16 per cent which found that performance had exceeded expectations. This marks a significant switch in sentiment from June 2016, when 79 per cent of investors felt that hedge fund performance had fallen short of expectations.
Looking ahead, almost a third (32 per
Aditya Birla Capital Limited (ABCL) and Värde Partners (Värde), have formed a strategic partnership to pursue investments in stressed and distressed assets in India.
Operating through a joint platform, both parties will evaluate investments across sectors, focusing on the acquisition, restructuring and resolution of the substantial supply of non-performing assets in India as well as special situations financings. Given the current landscape and further prospects in asset reconstruction in India, ABCL and Värde believe there is an attractive pipeline for strong capital deployment opportunities over the next several years.
Ajay Srinivasan, Chief Executive of ABCL, says: “The ARC business
