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Alternative assets platform CoInvestor has made three senior hires to its client team to bolster the rapid adoption of its software as a service for financial advisers and fund managers.
The company has appointed Darren Fletcher formerly at Intelliflo, a supplier of financial adviser software; Ella-Louise Houghton from Thomson Reuters, and Declan Blackwood from Coutts, the private bank. The expertise they bring from financial services and technology will further enhance CoInvestor’s ability to provide innovative solutions to meet the challenges advisers and investors face.
Launched at the end of 2015, CoInvestor is transforming the management of alternative assets by
Gresham House, the specialist alternative asset manager, has appointed Simon Stilwell as a Non-Executive Director effective 18 December 2017.
With over 20 years’ experience in the City, Stilwell was, until 2015, Chief Executive of Liberum, the investment bank that he co-founded in 2007. Prior to Liberum, Simon was Head of Sales for Small Companies at Collins Stewart plc and was also a Director at Beeson Gregory Limited. Stilwell is currently CEO of Vitesse Media Plc, an AIM listed digital media and events business.
Stilwell replaces Peter Moon who is stepping down from his position on the Board of Gresham
Asian hedge fund platform OP Investment Management Ltd (OPIM), in partnership with Watercourse Advisors, is to launch the Watercourse Macro Fund SP of Sunrise SPC, a Cayman-domiciled hedge fund for professional investors only.
The absolute return fund will deploy a global, directional macro strategy.
Founded by Wei Liao (pictured), Watercourse will continue the same strategy she ran whilst previously managing BIA Pacific Macro Fund. The portfolio will focus on anticipating and identifying tactical trading opportunities as well as strategic investment themes in Asia-Pacific, US, and Europe, by taking long and short positions in highly liquid, transparent, easy-to-price instruments across
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2017 measured -0.40 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.18 per cent in December.
“SS&C GlobeOp’s Capital Movement Index showed a net outflow for December 2017 of -0.18 per cent,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “On a year-over-year basis, this compares to net inflows for December 2016 of 0.21. December net flows have been close to zero in recent years, so this result was within the range of expectations for the month. For the full year 2017, capital
Hedge funds edged higher last week as CTAs and Global Macro strategies outperformed and the remaining hedge fund strategies were flat, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
CTAs were fuelled by their long equity and energy positions while Global Macro funds benefitted from the stronger USD.
On a negative note, Market Neutral L/S and Special Situations ended the week in the red. On a year to date basis, Event-Driven funds remain the top performers, followed by L/S Equity funds.
Overall, 2017 was a good year for hedge funds which are on track
Driven by SEC modernisation and continually changing regulatory requirements, Confluence is predicting a year of anxiety in 2018, but eventual positive systemic change, as firms work to achieve efficiency while meeting a broad range of back office demands.
Confluence predicts three major impacts across the asset management industry next year: RegTech will make way for a “DataTech” movement in business operations across the back-office ecosystem; the data-intensive focus of the Securities and Exchange Commission (SEC) will spur industry adoption of data analytics in fund compliance and governance; and regulatory anxiety will prevail as the future of new regulations remains unresolved
By Gary Janaway (pictured), Chief Operating Officer, KNEIP – With MiFID II around the corner, now is a good time for asset managers to re-think their approach to distribution.
When MiFID II goes live on 3 January, it will be the first time regulation requires people to be more vigilant about where their funds are being sold, and who they are being sold to.
Traditionally, it would have been more of a paper exercise based on the content of legal contracts between asset management companies and their third party distribution partners.
Asset managers typically signed distribution agreements with a third
By Nick Bayley (pictured), Duff & Phelps – Fed up with MiFID II yet? We are in the home straight and 3 January is just over the hill. But rather than relief that the finishing line is in sight, many of people I speak to are just a bit fed up with the whole thing.
Of course, some firms aren’t ready and they will be on borrowed time in 2018 until they sort themselves out.
But those firms who have got their preparation done are beginning to ask ‘Is this all going to work? Is it worth all the
Two investment management firms have forged a partnership to offer a one-stop solution for ManCo services to its international client base of hedge funds, private equity and real estate funds.
Lawson Conner Group, a leading ManCo, compliance and regulatory outsourcing firm, is teaming up with Fuchs Asset Management, a management company, to expand its ManCo services into Luxembourg. Fuchs Asset Management is the asset management arm of a family-run finance group, located in Luxembourg, Belgium and Switzerland.
The partnership will give Lawson Conner’s clients access to integrated fund solutions and ManCo services in Luxembourg, including Alternative Investment Funds, Undertakings for
By Jaclyn Greco (pictured), Eisner Amper – EisnerAmper recently co-hosted a breakfast with JonesTrading Prime Services entitled The New Paradigm in Emerging Manager Capital. The Panel included esteemed institutional investors such as Philip Harris of Crestline Summit Equity and Patrick Campo of Titan Advisors.
Capital raising for hedge funds since the beginning of the equity bull market (March 2009) has proven to be extremely difficult, especially in an environment where performance has been sub-par to average. For emerging managers, it has proven to be even more difficult and accessing capital from Institutional Investors poses its own increased and unique challenges.
