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Activist hedge fund strategies brought in among the strongest returns in the hedge fund industry in April, while overall industry returns are being dragged down by some mediocre performances, according to the eVestment April 2018 Hedge Fund Performance Report.
The overall industry returned 0.38 per cent in April, bringing year-to-date (YTD) 2018 returns to a just-barely positive 0.20 per cent. Activist strategies were by far the strongest performers among primary strategies, seeing 2.21 per cent returns in April. However, YTD performance for activist strategies – at +0.27 per cent – is just barely above the overall industry YTD return.
Overall, 60 per
Alpima, a specialist front-office platform for institutional and professional investors, has appointed Anastasia Bikou as Managing Director of Sales.
In this newly created role, Bikou (pictured), will report to Ilan Heimann, Head of Sales and Partnerships. Bikou joins Alpima from Goldman Sachs in London where she spent nine years and was most recently responsible for FX distribution to institutional clients across Europe. Before that, Bikou worked as a Derivatives Trader for the National Bank of Greece and a Financial Analyst at Merrill Lynch in New York. Bikou holds an MBA in Finance from the Wharton School and Bachelor Degrees in Mechanical Engineering
Global accountancy network PKF has expanded its successful service for family offices and private funds in the UK and Ireland.
The PKF Funds and Family Office service, which was launched in New York in 2011, has now extended its presence to London, Edinburgh and Dublin. The expansion gives PKF’s Family Office and Investment Fund clients greater access to expertise across some of the world’s leading financial centres. The team already maintains offices in the United States, Geneva, Amsterdam and Luxembourg.
The business has appointed Paul Pratt, formerly with Trusted Family, to help launch the offer in the UK and
The size of the unlisted closed-end fund (CEF) market has grown steadily since 2014, ending 2017 at approximately USD48 billion in assets under management, according to the second annual report on the sector from UMB Fund Services (UMB) and FUSE Research Network.
Interval funds continue to outpace tender-offer funds from an asset growth perspective. The number of interval funds available for purchase has increased since July 2017 while the number of tender-offer funds has decreased.
Liquidity and lack of education were the top two challenges distributors noted with utilising interval/tender offer funds.
“Unlisted closed-end funds continue to accelerate
James Travers, technical manager at Guernsey Finance, says that Guernsey is well placed to satisfy the ambitions of the developing market for offshore investment being seen in South Africa, with a cost-effective and practical funds solution…
A new generation of investment managers in South Africa have some lofty growth ambitions.
They have their sights set on not only on the opportunity to reinvest client money outside of the country following relaxation of exchange controls – now up to ZAR1 million a year or more in certain cases – but also on capital from overseas institutions and high net worth individuals
Angelo, Gordon & Co, a USD28 billion alternative investment firm focused on credit and real estate investing, has appointed Steven Paget as a Managing Director and Portfolio Manager, European Performing Credit.
In this new role, Paget will lead the build-out of Angelo, Gordon’s European performing credit business with a focus on developing the firm’s European Collateralised Loan Obligation (CLO) platform and investing in the debt and equity tranches of third party CLO managers. Based in London, Paget will report to Dan Pound, Head of Europe, and Maureen D’Alleva, Head of Non-Investment Grade Corporate Credit.
Paget most recently served as
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.05 per cent in April, underperforming the 0.09 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.
“Financial markets were mixed in April as interest rates increased in response to continued positive economic momentum in the US,” says Jason Schwarz (pictured), President
Metamako, a specialist in low-latency, FPGA-enabled network solutions, has now entered the security space with the launch of its MetaProtect Firewall solution.
The powerful 48-port (x10GbE) network appliance is designed to deliver new levels of ultra-fast firewall protection through packet filtering and logging. It is ideal for situations where a firewall solution is mandatory but ultra-low latency as well as high port density are required.
Metamako’s approach to innovation has established the company as unique in bringing fast, intelligent switching technology to market; the launch of MetaProtect Firewall is set to make similar changes offering security for exchanges, banks
New research by State Street Corporation reveals that more than half (60 per cent) of institutional investors surveyed plan to partly or fully outsource their data management over the next three years.
Currently, 52 per cent conduct all of their data management functions in house, however, by 2021, this is expected to fall to 36 per cent with 15 per cent aiming to fully outsource this function to an external partner.
“Explosion in data complexity has fundamentally changed the way asset owners and asset managers compete and operate,” says Subbiah Subramanian, global head of State Street Global Exchange’s data-as-a-service
Numerix, a provider of risk technology, is to deploy Oneview, a front-to-risk platform, on the OpenFin desktop operating system (OS).
Building on OpenFin will enable Oneview’s front office XVA trading and risk applications to run in a high performance, multi-window, desktop environment, while ensuring interoperability between applications and into existing workflows, for an enhanced desktop user experience.
Numerix Oneview offers powerful trading applications for front office XVA management, structured products sales and trading, as well as desk-level pricing and risk. In the XVA context, front office risk systems place great emphasis on pre-deal checks, XVA sensitivities, PnL explain and
