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Hong Kong Exchanges and Clearing (HKEx) and China Merchants Group (CMG) have signed a memorandum of understanding (MOU) for a strategic alliance in product development and related services.
The signing ceremony was held in London in the presence of HKEx co-head of global markets Romnesh Lamba; LME chairman Sir Brian Bender; Dr Yu Liming, executive vice president of CMG; Charles Feng, general manager of the business development department of CMG; CMS chairman Gong Shaolin; and CMS CEO Wang Yan. Other senior representatives from HKEx Group and CMG companies also participated in the ceremony.
“This MOU is an important step
- 23/10/2014
BH Macro Ltd, a Guernsey-registered, London-listed investment company which acts as a feeder fund for the Brevan Howard Master Fund, gained 4.5% in September, reversing poor performance in the first half of the year.
BH Macro Ltd has not had a down year to date (returning around 20% in 2007, 2008 and 2009), and has returned 134.25% since inception in 2007.
The fund has also out-performed the FTSE All-Share by 11.5% per year since launch, returning an average of 12.5% p/a. The FTSE All-share returned just 1% per year over same time period.
- 23/10/2014
- 23/10/2014
Preqin looks at the performance of hedge funds in Q3 2014 and in 2014 so far.
Please click here to download Preqin's Hedge Fund Performance Update: Q3 2014
- 23/10/2014
- 23/10/2014
Preqin provides the most up-to-date hedge fund performance benchmarks.
Click here to download Preqin's Hedge Fund Performance Benchmarks: Q3 2014
- 23/10/2014
- 23/10/2014
BNP Paribas Securities Services has launched an outsourcing service for AIFMD reporting, allowing asset managers to fulfil their reporting obligations without the associated administrative and financial burden.
Under the directive, alternative investment funds including hedge funds, private equity and real estate funds, and funds of funds must report certain information, including exposures and leverage, to national supervisors. The requirements are designed to help regulators monitor systemic risk in the alternative investment fund industry.
John Vaughan, head of product for fund administration, middle office outsourcing at BNP Paribas Securities Services, says: “Depending on the fund manager, the cost of setting
- 23/10/2014
Despite a slight fall in fundraising in Q3 2014 compared to the previous quarter, the total capital raised in 2014 so far remains strong, with the USD63bn raised in the first three quarters of the year surpassing the USD56bn raised during the same period last year. However, the number of funds reaching a final close has declined from 166 to 121 over this time period, and almost two-thirds of capital raised by funds holding a close in Q3 came from just five firms, suggesting that capital is increasingly concentrated among fewer managers.
Please click here to download the Preqin Quarterly Update:
- 23/10/2014
Fundraising for private infrastructure funds has remained strong in 2014 to date, with the 14 funds closing on an aggregate USD8.5bn in Q3 2014 bringing the total raised throughout the year to USD27bn, a small increase on the USD23bn raised over the same period last year. However, capital is further concentrated among a smaller selection of managers, with the number of funds to close falling. Just 28 funds have closed in the first three quarters of this year, compared to 41 in the same period in 2013.
Please click here to download the Preqin Quarterly Update: Infrastructure, Q3 2014
- 23/10/2014
The third quarter of 2014 saw 199 private equity funds reach a final close, raising USD80bn in aggregate capital, representing 21% fewer vehicles and a significant 44% decrease in capital commitments compared to the previous quarter. However, the relatively low number of funds means that the average fund size of USD402m is particularly high. Investors seem to be more inclined to commit capital to the larger, more established private equity fund managers, and these statistics serve as evidence of continuation of the trend seen in the fundraising market last year.
Please click here to download the Preqin Quarterly Update: Private Equity,
- 23/10/2014
Hedge funds experienced outflows in September for the first month since December 2013, according to the eVestment September and Q3 2014 Hedge Fund Asset Flows Report.
Performance losses caused the industry’s first quarterly asset reduction in Q3 since Q2 2012.
Redemptions in September were likely the result of losses in July. The impact of September’s losses may become evident in the next two to three months.
The most noticeable deviation from recent trends in September came in the form of investor redemptions from equity-focused strategies. The universe last experience outflows in June 2013.
Event driven funds, which
- 23/10/2014
- 23/10/2014
Carey Olsen's financial and corporate and investment funds work in the Channel Islands, the Cayman Islands and the British Virgin Islands has been recognised in the 2015 International Financial Law Review 1000 (IFLR1000) guide.
The new results come just after the firm gained tier 1 rankings across all of its Channel Island practice areas in The UK Legal 500.
The IFLR1000 is a guide to the world’s leading financial law firms and is based on independent research which includes interviews with the featured firms, client and competitor feedback and market analysis from the past 12 months.
For the
- 23/10/2014
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