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The hedge fund industry took in USD7.7 billion, or 0.3 per cent of assets, in June, down from USD19.1 billion (0.8 per cent of assets) in May, according to BarclayHedge and TrimTabs.
“First half inflows to hedge funds this year totalled USD82.5 billion (3.8 per cent of assets), the most since 2007,” says Sol Waksman, president and founder of BarclayHedge.
By comparison, the industry took in USD26.8 billion (1.5 per cent of assets) in the first half of 2013.
Industry assets climbed to a six-year high of USD2.35 trillion in June, according to estimates based on data from
- 15/08/2014
Jeff Sica has launched Circle Squared Alternative Investments, a firm dedicated to providing financial advisors with access to alternative investments previously available only to institutions and ultra-high net-worth investors.
Sica’s approach to simplifying alternative market investing – investments that “touch the real economy” – is intended to give advisors and their clients greater confidence in their financial future.
In addition to offering access to alternative investments, Sica and his team will serve as coaches and mentors to advisors, helping them to better understand and communicate to their clients the role and advantages of alternative investments in a portfolio. Much
- 15/08/2014
Hong Kong-based asset management company Chartwell Capital has appointed Joe Wan as senior advisor.
As a Certified Public Accountant since 2004, Wan has over 12 years of experience in accounting and mergers and acquisitions consulting.
Before joining Chartwell, Wan was with PricewaterhouseCoopers Corporate Finance, where he represented listed corporate clients in making acquisitions and private clients in fund-raising, private equity, and identifying acquisition opportunities.
In his new capacity, Wan will improve Chartwell’s investment research capabilities and keep the company up to date on changes in relevant accounting standards. He will also be involved in identifying small and medium-sized companies in Asia.
“We
- 15/08/2014
- 15/08/2014
Accelerate Product Partners has launched a video due diligence platform – accelerateproduct.com – for accredited investors and alternative funds.
Accelerate gives investors the ability to anonymously access, view, search and share detailed video interviews of top-tier fund managers (issuers).
Once an investor member is ready to reveal their identity and establish direct contact with an issuer they can do so via the simple click of a button.
Alexis Graham, co-founder of Accelerate and 20-year hedge fund industry veteran, says: “accelerateproduct.com emerged after many years of conversation with institutional investors who conduct due diligence for a living and are always in search of new opportunities yet are tired
- 14/08/2014
Kate Storey (pictured) from Appleby assesses how insurance linked securities are a growing alternative asset classes for investors, including investment funds…
Insurance linked securities (ILS) are growing as an alternative asset class for a diverse group of capital markets investors, including investment funds. Further, the sponsors of ILS products are showing increasing interest in Guernsey as the jurisdiction in which to establish their ILS structure (where Bermuda has traditionally dominated).
ILS products typically include catastrophe bonds (Cat bonds), industry loss warranties (ILWs) and sidecars. Cat bonds are risk-linked securities that transfer catastrophe risks to capital market investors. ILWs enable a
- 14/08/2014
As more markets go electronic, the move forward must include integrating pricing and flow across asset classes, leveraging a firm’s investment and experience in technology in mature markets.
According to new TABB Group research, potential roadblocks to this evolution often boil down to a firm’s approach to risk taking.
The fixed-income industry is rapidly being reshaped, says TABB Group analyst Radi Khasawneh, who wrote “Meet Your (OTC Market) Maker: Return on Market Share,” analysing banks’ efforts to consolidate pricing models and IT in the shifting fixed-income dealer (FID) landscape.
“As markets become increasingly order-driven and competitive only those
- 14/08/2014
BNP Paribas Securities Services has appointed Nick Jenkins as head of technical for trustee and depositary services in the UK.
Jenkins has 30 years’ experience in the trustee and depositary industry.
He joins from Citi where he was head of fiduciary oversight and research.
At BNP Paribas he will work with asset manager clients to help them manage regulatory change and ensure a smooth transition to the Alternative Investment Fund Managers Directive (AIFMD) and Ucits V regimes.
“Nick is an expert in how AIFMD and Ucits V apply to UK asset managers. He brings an outstanding wealth
- 14/08/2014
High net worth (HNW) women are turning to non-traditional investments as they look to generate income, drive capital growth, and achieve portfolio diversification.
These are among the latest findings from “Investing Outside the Box”, a study on trends in non-traditional investing from MainStay Investments, a New York Life company.
The study was conducted by Harris Poll among a nationally representative sample of more than 800 high net worth investors aged 40-65.
“While all investors are growing more aware of the value of non-traditional investments, high net worth women are especially interested in the benefits alternatives offer,” says Stephen
- 14/08/2014
Preqin, the alternative asset industry data and intelligence specialist, has appointed David Brierwood as a non-executive director.
He joined the board on 12 August 2014.
Brierwood holds a wealth of experience in investment data analytics and solutions, most recently in his role as chief operating officer of MSCI, which he held from 2006 to February 2014.
Prior to his role at MSCI, Brierwood worked for Morgan Stanley for 20 years and held a variety of senior positions, including global risk manager of the Morgan Stanley equity division and chief operating officer of Morgan Stanley’s institutional and retail securities
- 14/08/2014
- 14/08/2014
The number of hedge funds trading Puerto Rico (PR) bonds is increasing, although exposure to specific credits has become bifurcated by whether they support or oppose the new Public Corporation Debt and Enforcement Recovery Act, according to a report from Fitch Ratings.
Fitch estimates there are now over 60 alternative fund managers holding more than USD16 billion of the island's debt in aggregate.
Some of these fund managers support the Recovery Act in order to ring-fence commonwealth obligations from PR public corporations while others are suing to annul it.
On the traditional side, total US mutual fund ownership
- 14/08/2014
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