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Once a fund manager has got the middle office infrastructure in place – the hardware as it were – the logical next step is to work out how best to utilise it. How can the flow of data – and flow of data is not simply the software – be used in a smart, intelligent fashion to bring incremental gains to the way that the manager runs its business?
This is a question that many managers now face as the volume of data they must handle for a variety of regulatory and investor demands continues to rise exponentially. With the
- 26/05/2015
Work patterns in the alternative investments space have seen a significant shift over the years —from working in the office on a computer, to collaborating remotely via mobile applications and bring your own devices (BYOD). To remain competitive, an enormous amount of data must be shared on-the-go to facilitate investment decisions, but with minimal IT oversight, this trend towards mobile could open the door for increased risk of information leakage.
There is a lot at risk—customer and employee data, the fund’s investment strategy, etc.—and it is up to the fund manager to make sure its data assets are secure.
Firms
- 26/05/2015
The Chicago Board Options Exchange announced today the release and publication of a groundbreaking new study: “Highlights of Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs.” The study analysed SEC-regulated investment companies (mutual funds, exchange traded funds (ETFs) and closed-end funds (CEFs)) that focus on use of exchange-listed options for portfolio management (options-based funds).
The study found that the number of options-based funds grew from just 10 in 2000 to 119 in 2014, and presents a first-ever publicly available list of names and ticker symbols for those options-based funds.
The study analyzed the equal-weighted performance of a subset
- 26/05/2015
An affiliate of Fortress Investment Group is to become co-manager with Mount Kellett Capital Management of the Mount Kellett investment funds and related accounts (the funds).
Mount Kellett affiliates will continue to serve as general partner of the Funds. Additionally, affiliates of Fortress will become special limited partners of the Funds. Financial terms of the transaction were not disclosed.
The strategic alliance between Mount Kellett and Fortress brings together teams with significant special situations experience and sector specific knowledge, particularly in credit and global real estate. Mount Kellett will benefit from the scale and resources contained within the institutional framework of Fortress, a global
- 26/05/2015
Silver Law Group is investigating claims against a pair of self-described retirement planners who are alleged to have falsely promoted to customers the safety and profitability of interest in life settlements.
These types of alternative investments which promise substantial income without the risk of the stock market have been the subject of many securities arbitration claims in recent years.
According to charges filed by the Securities and Exchange Commission (SEC), Novers Financial and its principals, Christopher A. Novinger and Brady J Speers, falsely told customers that the investment opportunities they offered and sold in life settlements were “guaranteed,” “as safe
- 26/05/2015
Doug Ostrover will step down as a Senior Managing Director of Blackstone and will become a Senior Adviser to the firm.
Ostrover was, along with Bennett Goodman and Tripp Smith, one of the founders of GSO, Blackstone’s alternative credit platform. Blackstone acquired GSO in 2008 and it now has assets under management of USD75 billion. Ostrover intends to found a family office to invest capital and work alongside management teams.
Bennett Goodman and Tripp Smith, the co-heads of GSO, says: “Doug has been our great friend and colleague for the last 25 years. The success of GSO as the leading
- 26/05/2015
- 26/05/2015
LNG Capital has launched a new share class for its flagship Europa Credit Fund to meet the requirements of a new investor that has made a very significant capital allocation to the Fund.
The new investor is a German private bank focused on fixed income securities.
The allocation will be run as a bespoke mandate via a segregated account and focus on a limited number of the strategies employed within the Europa Credit Fund.
“Today investors require a higher level of customisation than perhaps ever before. We worked with the client to understand their needs and created a strategy
- 26/05/2015
Stephen Yates examines Preqin’s latest data on wind power deals, including aggregate deal value, average deal size and the most prominent regions for wind power deal activity.
Preqin’s Infrastructure Deals module on Infrastructure Online includes extensive information on over 11,200 completed transactions in infrastructure assets globally. These deals encompass a wide variety of investors, ranging from infrastructure fund managers and direct institutional investors to developers, contractors and other industry-specific trade investors. Over 8,100 infrastructure transactions have been completed since 2006, worth an estimated deal value of approximately USD1.8 trillion. Renewable energy is a prominent sector within the asset class, with
- 25/05/2015
Prime money market funds (MMFs) across the board saw their market risk increase in Q1 2015 driven by Moody's Investor Services’ new banking methodology released in March.
However these stressed net asset value (NAV) results do not incorporate the use of Counterparty Risk (CR) assessments or the change in our reference point for deposit securities to the senior deposit rating from the senior unsecured rating. Overall, we expect these changes to drive improvement in Q2 NAV stress results.
During the first quarter, prime MMFs cut their exposure to European financial institutions, following banks' attempts to comply with upcoming Basel III
- 22/05/2015
The European Securities and Markets Authority (ESMA) is calling for a modification of the UCITS Directive to take into account the clearing obligations for certain types of over-the-counter (OTC) financial derivative transactions under EMIR.
Under EMIR, certain OTC financial derivative transactions are subject to the clearing obligation. Therefore, the question arises as to how the limits on counterparty risk in OTC financial derivative transactions that are centrally cleared should be calculated by UCITS and whether UCITS should apply the same rules to both OTC financial derivative transactions that are centrally cleared and exchange-trade derivatives (ETDs).
ESMA believes that the UCITS
- 22/05/2015
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