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Hedge fund launches and liquidations both declined in the second quarter, as hedge funds posted steady gains through a volatile quarter, driven largely by the Brexit vote.
New hedge fund launches totalled 200 in Q2 2016, down slightly from 206 in the prior quarter and 252 in Q2 2015, according to the latest HFR Market Microstructure Report.
Hedge fund liquidations totalled 239 in Q2 2016 compared to 291 in the prior quarter and 200 liquidations in 2Q 2015.
Liquidations exceeded launches for the third consecutive quarter, but the recent data shows the narrowest margin of contraction (39 funds)
Dynamic Credit, an alternative fixed income asset management and advisory firm, has selected ClearStructure Financial Technology's portfolio management solution, Sentry PM, to support its growing ABS and corporate credit business.
Dynamic Credit was using an in-house built solution to monitor and manage their portfolios.
Sentry PM's ability to grow and scale along with Dynamic Credit was an attractive component in addition to Sentry's connection to their current data providers.
The implementation of Sentry PM will deliver further efficiency, transparency and control to Dynamic Credit's front, middle, and back office operations.
Sentry PM's coverage of alternative fixed income
The Hedgeweek USA Awards 2016, presented on 15 September in NYC, brought together the leading names in the US hedge funds industry to celebrate the achievements of the best performing managers and service providers.
While the markets continue to pose challenges for both managers and investors, the industry is reaping the benefits of responding positively to growing regulatory demands while focusing on generating non-correlated results for investors.
The awards were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
Object Trading, a provider of global, multi-asset trading infrastructure, is the first vendor providing market access to the Australian Securities Exchange (ASX) to have conformed to the upgraded ASX 24 (futures) New Trading Platform (NTP) from Cinnober, due to go live in early 2017.
ASX 24 market participants need to connect to the NTP in order to continue trading.
Object Trading says clients using its Direct Market Access (DMA) Platform can adapt to the NTP upgrade with ease.
Managing the technological and business changes that are needed with each exchange update is a considerable challenge. By connecting to venues
Alternative asset manager Tages Capital has launched the Tages Alternative Risk Premia Fund with over USD100 million of capital from European institutional investors.
The Dublin domiciled ICAV fund’s strategy has been developed to provide an attractive risk adjusted return profile, aimed at delivering uncorrelated returns to traditional asset classes.
Berouz Fatemi, portfolio manager and head of quantitative strategies, says: “The analysis of alternative risk premia, and the specific risk factors contributing to the hedge funds’ returns, have always been at the core of Tages’ manager selection and portfolio construction. It is therefore a natural step for Tages to establish
Systematic investment manager Aspect Capital has extended its range of funds available to investors with the launch of the lower fee, lower volatility Aspect Core Trend Fund.
The fund, which started trading on 13 September, has received approximately USD100 million in seed capital from a European institutional investor.
The investment vehicle is structured as an Irish Collective Asset Management Vehicle (ICAV) – also known as a Qualifying Investor Alternative Investment Fund (QIAIF) – with Aspect leveraging its scalable existing technology and infrastructure to allow the fund to trade in a cost-effective way.
It aims to deliver pure momentum-based
Although California is best known for its venture capital industry, the state has seen marked growth and diversification of its alternatives market, as other private capital and hedge fund managers are drawn to the area, according to Preqin.
The number of active California-based private capital firms has more than trebled since the start of 2000, and there are now a record 949 active fund managers. Additionally, 233 hedge fund managers have been incepted in the state since 2010, leading to the launch of 750 new hedge funds.
Unsurprisingly, the growth in the number of California-based managers has led to
JP Morgan Asset Management has launched its first alternative and actively managed exchange-traded fund, JPMorgan Diversified Alternatives ETF (JPHF).
It is designed to provide diversified exposure to hedge fund strategies including equity long/short, event driven and global macro strategies.
JPHF was designed and is managed by Yazann Romahi, global head of quantitative beta solutions at JP Morgan Asset Management. A pioneer in hedge fund beta investing, Romahi created the ETF with the support of a team of 17 investment specialists who have been focused on beta philosophy research and development for more than a decade.
The team manages over
SEC-registered alternative investment adviser SG Capital Management has appointed two seasoned research analysts, Jonathan R. Evans and Lawrence Harvey Weisman.
They will share responsibility for idea generation alongside the equity analyst team.
Evans began his career in the finance industry as an equity research analyst and portfolio manager for Heartland Capital.
Evans joined Conseco Capital Management in 1993 as a research analyst and portfolio manager for their insurance wrapped mutual fund products. Evans was recruited by Friess Associates, manager of the Brandywine Funds, as a research consultant from 1996 to 2006. Following his decade with Friess Associates, Evans became
Australian-based fund administrator MainstreamBPO has expanded its operations into the UK and Europe following receipt of in principle regulatory approval from the Malta Financial Services Authority (MFSA) to act as a fund administrator.
The announcement follows the Ggoup’s recent move into the US via the opening of its New York office and acquisition of Fundadministration.
It also has operations in Australia, Hong Kong and Singapore.
Malta is one of the key domiciles of alternative investment funds in the European Union, alongside Luxembourg and Ireland, with a net asset value of EUR10 billion in over 500 locally based funds.
