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Many investors choose to disregard potential investment in an infrastructure fund due to terms and conditions. Utilising information from the 2015 Preqin Private Equity Fund Terms Advisor and the Preqin Investor Outlook: Alternative Assets, H2 2015, this extract from this month’s Preqin Infrastructure Spotlight examines the fund terms and conditions of unlisted infrastructure funds and their effect on the alignment of interests between investors and fund managers.
In Q3 2015, Preqin conducted a series of detailed interviews with active institutional investors in infrastructure in order to gain insight into their attitudes towards the asset class. The study revealed that
- 19/11/2015
Markets experienced a healthy rebound in October, following a period of heightened market volatility in August and September.
- 19/11/2015
Preqin’s latest factsheet takes a detailed look at closed-end private real estate fundraising for emerging managers in the US.
Fundraising
Preqin’s Real Estate Online contains detailed information on 529 private real estate funds managed by US-based emerging managers*, which have secured a total of USD104 billion since 2007. Fundraising by US-based emerging private real estate managers has not emulated its pre-crisis peak in 2007 of 80 funds reaching a final close on USD17.3 billion in capital commitments (Fig 1). The downturn led to year-on-year declines in aggregate capital raised before recovering in 2011, when USD14 billion was raised by 70
- 19/11/2015
The Singapore Exchange (SGX) is to launch SGX-listed FX block futures on EBS BrokerTec’s FX central limit order book (CLOB), EBS Market, a primary venue for e-traded currencies.
The strategic collaboration between EBS BrokerTec and SGX announced in January 2015 will bridge the FX over-the-counter (OTC) and futures markets. This new agreement will enable market participants to seamlessly access an enhanced liquidity pool for trading Asian Spot, NDF and Futures instruments via the EBS Market.
The listed FX block futures will be available on EBS Market in early Q2 2016 pending regulatory approval. Trades will be cleared through SGX’s
- 19/11/2015
A recent survey released by SimCorp has revealed that although the majority of asset managers consider data quality to be of prime importance, most struggle with ensuring consistency and quality across their organisations.
The survey was conducted during a recent webinar hosted by SimCorp and AIM Software titled “Mastering Data Management: Going beyond Traditional EDM Approaches.”
The survey, which polled 58 individuals from 47 firms across North America, found that 95 per cent rate the importance of data quality issues on their firm's daily operations as extremely important, while 69 per cent are lukewarm in their confidence that their
- 19/11/2015
Pay levels in asset management in 2015 are projected to be slightly lower, according to a new report, Say Goodbye to Buy-Side Boom Times, from Greenwich Associates and Johnson Associates.
Across the industry, compensation levels are expected to decrease 5 per cent. The uptick in market volatility will likely result in wider differentials in pay due to variation in incentive compensation pools. This would represent a dramatic shift for an industry that had, until recently, experienced strong asset growth and a steady demand for talent.
“Asset managers are facing difficult decisions about budgets,” says Greenwich Associates Analyst Kevin Kozlowski
- 19/11/2015
BATS Global Markets (BATS) has launched its second US options market, EDGX Options, which is based on a customer priority/pro rata allocation model.
The new market launched on 2 November and implemented a phased rollout of symbols, which was completed on 17 November.
The launch of EDGX Options went as expected and the new market handled 668 million orders yesterday. EDGX Options now offers trading in all multiply-listed equity options available for trading in the US.
“We are pleased to report a successful launch and rollout of EDGX Options, which is a testament to the hard work, dedication,
- 19/11/2015
- 19/11/2015
Staff from the Division of Swap Dealer and Intermediary Oversight and the Office of the Chief Economist of the US Commodity Futures Trading Commission (CFTC) have issued a Preliminary Report regarding the swap dealer de minimis exception.
Under CFTC rules, market participants who exceed USD8 billion in gross notional swap dealing activity over a twelve-month period are required to register with the Commission as swap dealers during the phase-in period currently in effect. This phase-in period is scheduled to end, and the threshold will fall, to USD3 billion in December 2017, unless the Commission takes action to amend the de minimis
- 19/11/2015
Hedge funds gained 2.19 per cent in October according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index rebounded in October after four months of losses, and is now up 0.69 per cent in 2015.
“A global rally in equities fuelled by continued easing in the US, Europe and Japan, together with stabilising economic signs from China helped propel the S&P 500 to a gain of 8.30 per cent in October, its strongest showing since October of 2011 when it gained 10.9 per cent,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Fifteen of Barclay’s 18
- 19/11/2015
Deutsche Asset & Wealth Management (Deutsche AWM) has appointed Matthew Lamb (pictured) as Co-Head of Alternatives Coverage in the Global Client Group. He will report to Dario Schiraldi, Head of Global Client Group.
The appointment comes with the launch of a new Alternatives Investment Specialist team which is responsible for retail and institutional coverage of liquid and illiquid alternatives. Lamb will co-head the team with Gianluca Muzzi, who steps into the role in addition to his existing responsibilities as Co-Head of Real Estate for Europe.
The creation of the Alternatives Investment Specialist coverage team reflects the significant growth within
- 18/11/2015
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