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Dromeus Capital, an emerging markets investment specialist, is to invest EUR200 million in Greek Commercial Real Estate assets. Prices for commercial real estate assets have fallen sharply since their peak before the Greek financial crisis and yields are amongst the highest in Europe.
The fund is the second Greek-focused fund launched by Dromeus; the first, Dromeus Greek Advantage, has returned an annualised 15.17 per cent since its launch in October 2012.
Dromeus says the fund will focus on the acquisition of undervalued office properties in prime locations in central Athens and that the current market conditions are creating ideal
Watson Wheatley Financial Systems, specialists in securities reconciliation software, has launched Reconciliation as a Service, which is now live with its first client; a large emerging markets equities asset manager.
The service is heavily automated, bounded by strict SLA’s and provides regular reporting for oversight of the process. Watson Wheatley is looking to further automate the process which will allow faster data delivery, higher match rates and overall cost savings for the client.
The service is designed to save on manpower while still providing the best practice reconciliation which is a cornerstone of Watson Wheatley’s offerings. A full audit
Saemor Capital’s Saemor Europe Alpha Fund gained another 1.1 per cent in May, bringing year-to-date gains to 3.7 per cent.
From a style perspective the month was dominated by a substantial under-performance from value factors.
Saemor Capital writes: “Our model is well diversified and the good performance from momentum and quality compensated for value. In addition our tactical positioning – overweight earnings momentum and quality – helped further. Since markets rose steadily till 22 May and then saw a rather sharp correction towards the end of the month, factor performances and top and bottom stock contributions were mixed.
Mourant Ozannes’ Jersey investment funds team has shown significant growth over the last 12 months with the appointment of three associates, Sally Muller, Rachel McGinness and Faria Rahman, as well as senior associate, Alex Henderson.
The team, which is the largest in Jersey, has held its position as the leading legal adviser in the island’s funds industry for 18 consecutive years. This strategic expansion of the team enhances the firm’s capacity to service its client base, which includes some of the biggest players in the global funds market.
Most recent hire, senior associate Alex Henderson, joined the firm this
Ampersand Portfolio Solutions has published a new white paper in its series entitled ‘Looking Under the Hood’.
The latest paper provides an in-depth look at the details associated with structuring overlays as a way to hedge equity-related risk. In prior white papers, The Risk Contribution of Stocks, Parts 1-3, Ampersand introduced a concept to diversify beyond stocks and bonds without having to sell the stock/bond portfolio holdings.
This new paper goes further, the firm writes, and shines a light on ways to structure a dynamic futures-based equity hedging strategy designed to mitigate downside equity risk. Ampersand Portfolio Solutions, a
SS&C Technologies, a provider of financial services software and software-enabled services, today announced that innovative alternative asset manager, Global Merces, has selected SS&C Technologies’ investment accounting, asset servicing and mutual fund platforms, HiPortfolio and HiTrust.
The expanded solution addresses a key demand by Australian boutique fund managers – the ability to leverage proven platforms and fully service the Australian fund management sector. Global Merces says it selected HiTrust’s unit registry and pricing solution because it offered the fastest time-to-value implementation and is fully integrated with SS&C’s investment accounting platform, HiPortfolio.
“From the outset, we were impressed with SS&C’s deep
Publicis.Sapient has been selected by the European DataWarehouse (ED) to build the first securitisation repository under the new EU regulation for Simple, Transparent and Standardised (STS) securitisations, expected to take effect in 2019.
ED is the designated European repository for loan-level data stemming from Asset Backed Securities (ABS). It was established under the European Central Bank’s loan-level initiative in 2012. Publicis.Sapient has been the implementation partner of ED since the very beginning. Today, more than 500 issuers, investors, central banks and other data users utilise ED’s data infrastructure.
The European Securities and Markets Authority (ESMA) is changing the regulatory
Sycomore Asset Management has added has Francesca Mozzati to its nine-strong institutional sales team covering France and the key European markets.
“Strengthening our international presence is part of Sycomore AM’s long-term strategy as we aim to become a leading player in European Sustainable Investments,” says Fidy Ramamonjisoa, Head of International Business Development at Sycomore AM. He adds that “the ever-rising demand from retail and institutional investors looking for investment solutions addressing societal and environmental challenges demonstrates the pertinence of our approach”.
Mozzati, fluent in Italian, French and English, has over 19 years’ experience in finance. After serving as Head
Abacus Group, a managed service provider of hosted IT solutions for alternative investment firms has expanded and customised its use of Thycotic’s Secret Server for more than 350 clients to date.
“Managing up to 3,000 passwords for privileged access daily “would be impossible without an automated solution such as Secret Server,” says Paul Ponzeka, Managing Director of Engineering at Abacus.
Thycotic Secret Server software enables enterprises to discover, store, secure and manage privileged account passwords while streamlining the management process. As Abacus Group accelerated its growth adding more and more clients, Secret Server proved its value in scalability, flexibility and
A new report from iCapital Network has revealed a bullish attitude amongst senior advisors towards alternative investments for the coming year.
Currently, 34 per cent of those advisors surveyed about their appetite and future plans for alternative investments have at least five per cent of client assets in private equity funds and 27 per cent have at least five per cent of client assets in hedge funds.
Over the coming year, the majority plan to maintain or increase exposures to private equity funds (87 per cent), hedge funds (61 per cent) and private direct deals (93 per cent), motivated
