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Perkins Coie has appointed Christopher J Hagan (pictured) as a partner in the firm’s Corporate practice in the Washington DC office with a focus on private equity matters and mergers and acquisitions.
“Chris is a noteworthy inclusion to the firm’s nationally recognised mergers and acquisitions practice because of his exceptional track record working with private equity sponsors,” says Nate Ford, Chair of Perkins Coie’s Private Equity practice. “Chris’s high-level of deal activity includes cross-border transactions across a range of industries including the business services, healthcare, energy, technology and manufacturing sectors. We are delighted to welcome him to the firm.”
QuantHouse, an independent global provider of end-to-end market data and trading through API based technologies, is to acquire high-speed network provider Victory Networks inc.
Victory Networks designs, implements, and manages high-speed networks for bulge-bracket banks, boutique financial firms, and hedge funds across the United States. The acquisition of these assets will expand QuantHouse’s market share and coverage in the US by adding many hedge fund clients and business partners.
Pierre Feligioni (pictured), Company Co-Founder and CEO, QuantHouse, says: “Throughout the integration process, both QuantHouse and Victory Networks have worked extremely well together. Indeed, we believe that it is the
First Derivatives (FD) has launched a raft of initiatives to put machine learning (ML) capabilities at the heart of future development for the Group’s Kx technology, in direct response to increasing interest from current and potential customers.
The new measures will accelerate delivery of pipeline opportunities in software and consulting and provide access to an increased pool of ML specialists to help increase traction in this rapidly growing area.
Machine learning is an application of artificial intelligence (AI) that allows computer systems to use algorithms to adapt to enable better outcomes, based on data rather than explicit programming. Kx
Markov Processes International (MPI), a provider of investment research, analysis and reporting solutions for the global wealth and asset management industry, has released of Stylus Pro Version 11.3.
The new release introduces Stylus Workspace, a quantitative research framework for the analysis and monitoring of managed products, including mutual funds, exchange-traded funds, separately managed accounts, closed-end funds and hedge funds.
Workspace delivers more than 25 years of MPI’s proprietary fund analysis and factor modeling intelligence with a single click, automatically applying benchmarks, peer groups and factor models from MPI’s newly launched library when a fund is selected for analysis. Users
Private asset manager Capital Dynamics has launched a dedicated Private Credit Asset Management business led by new recruits Jens Ernberg and Thomas Hall who will be based in the firm’s New York office and have joined the company’s Executive Committee.
Capital Dynamics’ Private Credit Asset Management business will leverage the firm’s extensive fund-of-fund and co-investment general partner relationship network to originate and invest in private debt transactions for mid-market companies owned or controlled by private equity sponsors. The Private Credit initiative represents a natural extension of Capital Dynamics’ core strategic focus of delivering capital solutions to the mid-market private equity
Stroock has added experienced investment funds attorney Eric Requenez as partner in its Private Funds Group in New York.
Requenez (pictured), brings a broad-based practice, representing fund sponsors, investment advisers, investment banks and other financial institutions in connection with the structuring and distribution of public and private investment funds, proprietary products and securities offerings. He also regularly counsels investment funds and investment advisers on transactional, regulatory and compliance issues related to the Investment Advisers Act, the Investment Company Act of 1940, the Securities Act and the Securities Exchange Act, including in connection with mergers and acquisitions. Requenez joins from Morrison &
Hedge funds were up 5.12 per cent year-to-date, at the end of August registering performance-based gains of USD58.5 billion while seeing net asset inflows of USD81.9 billion as of 2017 year-to-date.
That’s according to the latest Eurekahedge monthly report which reveals that total hedge fund assets grew by USD140.45 billion over the past eight months with the industry’s total assets currently standing at USD2.37 trillion.
In what is turning out to be the best year in terms of investor allocations since 2013, arbitrage, long/short equities and CTA/managed future strategies led in terms of net flows attracting with USD14.6 billion,
Hedge fund and investment management companies may not be properly protected against the potentially disastrous effects of a Financial Conduct Authority investigation, a leading insurance broker has warned.
The costs incurred with an FCA ‘Section 166’ enforcement notice range from hundreds of thousands of pounds to several millions pounds, but many FCA regulated companies will not be adequately insured.
Charles Wintour, managing director of Allegiance Insure, discovered the problem when a hedge fund client asked about the precise areas covered by their policy.
‘The hedge fund manager asked me specifically about a section 166 investigation,’ he says. ‘The
Neuberger Berman, an investment manager specialising in equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide, has implemented Hazeltree’s, treasury product suite.
Hazeltree’s suite provides Neuberger Berman with automated workflows in reconciliation, securities financing, margin management as well as cash and collateral management.
“At Neuberger Berman, we continually work to enhance our infrastructure to best serve clients and the increasingly complex solutions they demand,” says Pat Lomelo, Neuberger Berman’s Global Head of Operations. “Hazeltree has helped to streamline our treasury management function and has delivered leading-edge risk-reduction capabilities.”
“We are pleased to work
Alternative investment company Steben & Co has published a white paper on timing an allocation to managed futures.
The firm asks if the asset class has reached a cyclical low. The results of their research show that recent managed futures risk-adjusted performance (with a -1.99 rolling 12-month Sharpe ratio for the Barclay CTA Index as of June 30, 2017) is at its lowest point ever.
The study also finds evidence of historical mean reversion in 12-month Sharpe ratios. The study found a persistent pattern of mean reversion in 12-month Sharpe ratios in all the managed futures benchmarks Steben looked at
