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Hong Kong based Asian specialist multi-strategy manager Zentrum Capital Advisors achieved 32 per cent performance last year, sits in the top decile of Prequin’s global multi-strategy league table and has a Sharpe ratio of 1.4.
Kevin Yuen founded Zentrum in 2010, having spent a career at Credit Suisse, BNP Paribas and Merrill Lynch. The fund has around USD70 million under management, drawn from family offices, high net worth individuals and funds of funds. The Zentrum team eat their own cooking with 25 per cent of the fund representing their own assets.
The portfolio leans towards China and Hong Kong but
Blackstone’s Strategic Capital Holdings Fund has acquired a passive, minority equity interest in Kohlberg & Company.
Blackstone’s Strategic Capital Holdings Fund is part of Blackstone Alternative Asset Management (BAAM), the firm’s hedge fund solutions business, and specialises in acquiring stakes in leading alternative asset managers. Terms of the transaction have not been disclosed.
Based in Mt Kisco, New York, Kohlberg is a leading private equity firm specialising in middle market investing. The minority investment from Blackstone will help provide long term capital to support Kohlberg’s investing platforms.
Sam Frieder, Managing Partner of Kohlberg, says: “We are proud to
Hedge fund launches exceeded liquidations in Q4 2017 for the second consecutive quarter, as total hedge fund industry capital began 2018 at a record USD3.21 trillion.
An estimated 190 funds launched in Q4, up from 176 in 3Q and in line with the number of Q416 launches, bringing the full year 2017 total to 735 fund launches, according to the latest HFR Market Microstructure Report.
Fund liquidations declined sharply in 2017 as industry asset growth accelerated, with 784 funds closing in the year, representing a decrease of 25 per cent from the 1,057 liquidations in 2016. Additionally, fund liquidations
Andrew Davidson & Co (AD&Co), a provider of risk analytics and consulting, has made its OAS Subroutine, which includes the Agency Loan Dynamics Model (Agency LDM), available within trading, risk, and processing solutions specialist Murex’s MX.3 platform.
The new collaboration provides clients with an advanced risk analytics product, including Value-at-Risk (VaR) capabilities, for Mortgage-Backed Securities (MBS).
The addition of AD&Co’s OAS Subroutine allows Murex clients to model agency securities including Interest Only (IO) and Inverse IO strips, using a widespread industry Options Adjusted Spread (OAS) model that accounts for the relationship between interest rates, home prices and prepayment behaviour
HSBC is to make an investment in Visible Alpha, an investment research technology firm founded by some of the world’s leading investment banks.
Visible Alpha raised USD38 million in January with participation from new investors Goldman Sachs, Banco Santander, Exane BNP Paribas, Macquarie Group, Royal Bank of Canada and Wells Fargo, as well as additional investment from the company’s founding investors, Bank of America, Citi, Jefferies, Morgan Stanley and UBS.
Visible Alpha is using the investment proceeds to continue to drive its explosive growth and leadership position in delivering transparent, efficient and alpha generating investment research solutions to its
Privium Fund Management has hired Stephen Bond to work as an Associate Director in its London office.
Prior to joining Privium Bond spent over 10 years in the outsourced equity trading space, covering hedge fund clients globally. Prior to that he held different roles in buyside firms and in prime brokerage. Bond graduated from the University of London with a degree in Politics and Social Policy.
Clayton Heijman, CEO and founder of Privium Fund Management, says: “We are pleased to announce that Stephen Bond is joining our growing organisation. His background and skills will be a great contribution
Liquidnet, the global institutional trading network, has launched Best Ex Replay, the newest addition to the Liquidnet Virtual High Touch suite powered by data and analytics from OTAS Technologies.
Best Ex Replay enables traders to recall precise market conditions to explain the context of execution decisions, investigate orders that experienced exceptional market conditions, and to help their firm meet regulatory reporting requirements such as MiFID II. It also enables traders to provide detailed execution feedback to Portfolio Managers.
“What we’ve heard from our global Membership is that every minute that goes into manual, administrative tasks such as compliance requests
Eze Software is growing its MiFID II trade reporting support by expanding its strategic collaboration with NEX Regulatory Reporting, a business area within NEX Group.
As an Approved Publication Arrangement (APA) provider, NEX Regulatory Reporting supports clients in their MiFID II obligation to publish pre- and post-trade data and reports as soon as possible after execution. The collaboration bolsters a continuously expanding roster of Eze Software’s MiFID II compliance offerings.
Under MiFID II, in a bid for improved transparency, ESMA requires investment firms to report trade data to APAs in near real-time; within one minute for equities, and 15
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has expanded its offering with the addition of Over the Counter (OTC) Data.
EDI now offers a comprehensive suite of market data and security prices on OTC Fixed Income and Derivative instruments. These data sets include interest rate yield curves, interest rate and FX option volatility surfaces, as well as credit default swap spreads.
In addition to this, EDI is also offering prices on several million global securities, including corporate and municipal bonds, securitised products and bank loans, which can be used for portfolio
Duco has launched Duco Cube Data Platform, an extension of the Duco Cube cloud-based normalisation and reconciliation system, which enables users to access up to ten years’ worth of results and exception data via a Hadoop-based big data infrastructure.
Clients can easily connect in-house or third-party tools, such as Tableau, Power BI and QlikView, for monitoring, trend analysis, reporting and analytics. Three customers are already live on the platform.
Financial institutions of all sizes are spending significant time and effort to try to break down data silos and extract value from their data. Operational processes such as reconciliation provide
