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PivotalPath, an independent hedge fund research and technology platform, has appointed Abigail Corcoran as its Director of Strategic Solutions, responsible for the firm’s product and business development efforts as well as managing client relationships.
PivotalPath has invested significantly in research and technology in recent years to develop PivotalBase, a cloud-based hedge fund research portal which has been gaining traction in the institutional investor community. Currently, PivotalBase provides hedge fund investors with access to information and proprietary analysis on over 650 funds and plans to increase that number in the near term. The firm is off to a strong start this
Cowen Group has completed its previously announced acquisition of CRT Capital Group’s credit products, credit research, special situations and emerging markets units. Financial terms of transaction have not been disclosed.
Cowen Group, is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading and prime brokerage services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment.
As many as 29 out of 562 US municipal bond funds currently carry an exposure to Puerto Rican bonds greater than 5 per cent, some with an estimated exposure approaching 50 per cent.
This assessment is based on research conducted by MPI (Markov Processes International), specialists in the systematic analysis of factors influencing investment performance, which provides analytics and reporting solutions to the financial services industry.
With the Governor of Puerto Rico recently announcing the possibility of further defaults, MPI analysed the return streams of the 562 funds, examining all of the municipal bond categories in Morningstar using its factor-analysis
In TABB Group’s latest research, “Blockchain: Overcoming First Mover Disadvantage,” CEO and report author Larry Tabb discusses the various challenges in driving blockchain adoption and sets out a direction forward.
Tabb believes that tability to decentralise trust, develop consensus-driven ledgers, and re-engineer core infrastructure away from old and legacy technologies has the potential to drastically transform the economics of the industry and conceivably the economics of financial transactions globally. But he is not convinced that tried and tested software adoption schemas to blueprint the implementation of blockchain are suitable.
The research explains that blockchain technology will only be successful if
100 Women in Hedge Funds (100WHF) has participated in London Stock Exchange’s market open ceremony with SkillForce, the 2016 beneficiary of 100WHF’s UK philanthropic initiatives.
The market open was attended by 100WHF members and guests including Amanda Pullinger, CEO of 100WHF and Ben Slade, CEO of SkillForce. It was followed by an inspiring talk by Ashley Best-White, Headteacher of White Woman Lane Junior School in Norwich, and Executive Headteacher of the Nebula partnership of schools.
SkillForce is a national education and veterans charity dedicated to helping young people flourish through motivational mentoring and education programmes, for five- to nineteen-year-olds,
Rhenman & Partners Asset Management is to launch a new global equity long/short fund, the Rhenman Global Opportunities L/S, on 31 May, 2016. The fund will be managed by Stefan Knafve who has almost 30 years experience as an analyst and manager.
Rhenman Global Opportunities L/S will make its investments based on active selection of regions and sectors, completely independent of index. The fund will take 35-50 positions, preferably in larger companies. The investment horizon for long positions will typically be 2-4 years, while the time horizon for short positions will typically be 6 months up to 2 years. The
Janus Capital International’s Janus Absolute Return Income Fund is now open to subscription from investors via the Janus Capital Funds range in the following countries: Austria, Belgium, France, Germany, Italy, The Netherlands, Spain, Sweden and the UK.
Reinforcing JCI’s commitment to provide best-in-class global macro fixed income strategies for its international investors, the Janus Absolute Return Income Fund will be run by Kumar Palghat and the Janus Global Macro Fixed Income team. This is the second fund launched by the team, and is complementary to the existing Janus Global Unconstrained Bond Fund, managed by Bill Gross.
The Janus Absolute
Hedge funds extended March gains into April, led by strong contributions from credit sensitive and event-focused strategies, as energy commodities surged and emerging markets continued its recovery, according to data released today by HFR.
The HFRI Fund Weighted Composite Index gained +1.0 per cent in April (Index Value 12,322), fully recovering the 1Q decline and lifting 2016 performance to +0.3 per cent. The HFRI Asset Weighted Composite Index added +0.2 per cent for the month.
April performance was led by credit-sensitive, fixed income-based Relative Value Arbitrage strategies, as credit and arbitrage deal spreads tightened and US treasury yields rose for
Navigating the increased regulatory requirements of AIFMD has been a costly and resource-intensive exercise for many investment managers over the past few years. Now that the dust has settled on AIFMD, fund managers need to decide on, and implement, the most efficient operating models that allow them to manage assets and raise new capital.
Last month, SEI hosted a panel session in London in conjunction with Duff & Phelps, EFA and leading alternative investment managers entitled “Practical AIFM Management Company Operating Models for Investment Managers”, to specifically address the ways in which managers might wish to establish new European fund
Managed futures strategies continued to decline throughout April, following the challenging market conditions that started taking effect in February, registering another month of negative returns, according to Societe Generale Prime Services.
Nevertheless the flagship SG CTA Index, that measures a broad range of managed futures strategies, remained positive so far this year at 1.82 per cent.
The SG Short Term Traders Index continued to fare the best, down only slightly in April, but still up 5.11 per cent so far this year.
The SG Trend Indicator outperformed the Trend Index, ending the month up 0.16 per cent in
