Latest News
Sliced Investing, an investment platform connecting accredited investors to hedge fund investments, has closed seed financing of USD2 million to expand the platform and grow its user base.
Venture capital firms Khosla Ventures, Triple Point Ventures and Data Collective invested alongside technology incubator Y Combinator. Sliced Investing will use the seed round to develop new funds for investors and accelerate their growth.
Co-founders Michael Furlong and Akhil Lodha are applying their financial backgrounds from Citigroup and Motif Investing to help accredited investors, who have historically not had streamlined access to hedge funds, gain exposure to the asset class.
- 18/11/2014
SEI’s Lori White explains how social media platforms such as Twitter and LinkedIn can help investment managers market their business.
The rise of social media platforms like LinkedIn and Twitter has been unprecedented over the last couple of years. LinkedIn now has some 313 million users and in Q2 2014 its revenues rose by 47 per cent to USD534m reported the Wall Street Journal on 31 July 2014.
McKinsey estimates that there is a GBP772bn opportunity for business to use social media.
All of us use social media in one form or another but when it comes to applying it
- 18/11/2014
- 18/11/2014
Actavis is to acquire pharmaceutical company Allergan for a combination of USD129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock.
Based on the closing price of Actavis shares on 14 November, 2014, the transaction is valued at approximately USD66 billion, or USD219 per Allergan share. The combination will create one of the top 10 global pharmaceutical companies by sales revenue, with combined annual pro forma revenues of more than USD23 billion anticipated in 2015. The transaction has been unanimously approved by the Boards of Directors of Actavis and Allergan, and is supported by the
- 18/11/2014
- 18/11/2014
Nikko Asset Management’s Chief Global Strategist, John Vail, believes Abenomics is still on track despite Japan being back in recession…
There was a large hue and cry about the recently announced Japanese GDP statistics that indicated that the country was in a recession. There are three important things to know about this, however…
1. Firstly, these statistics often get heavily revised and it would not be shocking to see the most recent quarter revised up into positive territory, especially as there were several anomalies in the data.
2. Secondly, GDP statistics have no correlation with corporate profits in Japan. As
- 18/11/2014
- 18/11/2014
Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities LLC (BLMIS), has filed a motion today in the United States Bankruptcy Court…
For the Southern District of New York seeking approval of a settlement agreement with Herald Fund SPC and Primeo Fund, two feeder funds primarily invested in BLMIS.
Under the terms of the agreement, the settlement will benefit the
BLMIS Customer Fund by approximately USD497 million. The agreement, once approved, will increase total Customer Fund recoveries to more than USD10.3 billion.
“By any measure, the settlement terms are highly advantageous, not only to BLMIS direct
- 18/11/2014
Matt Jose has been appointed as the Global Head of Client Services of Sam Hocking's San Francisco based start up, Imatchative Inc.
Prior to joining Imatchative, Matt had a 15 year career at Bank of America Merrill Lynch, BNP Paribas, and Banc of America Securities. Matt’s roles at those banks included Head of Western Region Prime Brokerage Sales, US Head of Client Service and Relationship Management, Head of San Francisco Prime Brokerage office and Head of Prime Brokerage and Relationship Management for San Francisco and Dallas.
“Having Matt Jose come on board as an executive team member of Imatchative
- 18/11/2014
Preqin examines the recent surge in European fundraising, including the growth of debt and distressed strategies and the increasing flow of international capital into the region.
European fundraising has improved dramatically over the last year, reflecting growing investor appetite for the region. Almost 90% of Europe-based fund managers believe that investor appetite has increased over the past year, with none stating they have seen a decrease in appetite. This has led to a large amount of capital focusing on Europe, and while transaction volumes are up, pricing is becoming competitive and it is now harder to find attractively priced assets,
- 18/11/2014
- 18/11/2014
The market recovery gathered momentum last week with the S&P 500 hitting new high. Equities were up, high yield spreads down and the VIX is back to the 12-14 range.
Market sentiment was boosted by positive data on US jobs and better than expected releases in some European countries. Trends in FX and commodity markets continued, with the US dollar edging up against major currencies while energy and precious metals slide. This framework was supportive to CTAs.
Despite this remarkable upswing, the Lyxor Hedge Fund index was still in timid recovery mode, up 0.1% last week. This is now
- 18/11/2014
- 18/11/2014
Global funds transaction network Calastone has appointed Cris Conde as the firm’s new Chairman of the Board.
Conde will be taking up his post with immediate effect working closely alongside Julien Hammerson, the CEO, to continue the growth trajectory of the business.
Late last year, Conde took up a seat on the Calastone board as a non-executive director, and invested in the privately held business.
Having spent 28 years at SunGard, Conde has a formidable track record of accelerating the growth of financial technology companies. It started in 1983, when Conde co-founded a financial technology software business, Devon Systems, serving
- 18/11/2014
SYZ Asset Management, the institutional asset management arm of the Swiss banking Group SYZ & CO, has strengthened its presence in the UK with the opening of an office in Edinburgh.
This development follows several hirings and specific product launches, which confirm SYZ Asset Management’s commitment and growing success in the UK market.
The Edinburgh office has a dual purpose, encompassing asset management functions as well as the promotion of SYZ Asset Management’s institutional strategies, available through segregated mandates or the OYSTER and SYZ AM funds range. The local asset management team comprises Claire Manson, a member of the
- 17/11/2014
- 17/11/2014
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