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Interactive Data, a provider of independent evaluated pricing and reference data services, has introduced a solution to help financial institutions address the Alternative Investment Fund Managers Directive (AIFMD).
The solution can help alternative investment fund managers and their service providers successfully manage the transition to AIFMD and maintain ongoing compliance with it.
The new due diligence, transparency and reporting requirements of the Directive present a range of data and valuation challenges, especially for those firms that have not previously managed or operated these functions.
Interactive Data can help clients to identify and address their AIFMD needs. For example,
- 18/07/2014
Thomas Murray Data Services has launched a suite of products and has been working with a number of depositary banks to provide a total risk solution to ensure depositary bank compliance with the Alternative Investment Fund Managers Directive (AIFMD).
"Thomas Murray Data Services already delivers post-trade risk monitoring for over 65 global banking groups, more than 25 of which act as depositary banks," says Simon Thomas, chief executive of Thomas Murray Data Services. "We are in ongoing discussions with many more throughout Europe, each one obliged under AIFMD to monitor its own post-trade infrastructures and counterparty exposures in accordance with
- 18/07/2014
Income Partners Asset Management (HK) Limited has launched its first China onshore RMB bond fund under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.
Income Partners is the first independent, Hong-Kong based “non-Chinese” asset manager to launch an onshore RMB bond fund.
The fund is Hong Kong SFC authorised, and is available to both institutional and retail investors in four different currencies – USD, EUR, RMB and HKD.
Emil Nguy, founding partner and chief investment officer of Income Partners, says: “We are very excited about our new fund as this RQFII product is unique. It provides investors with
- 18/07/2014
Hedge fund performance was positive in June for the second consecutive month, according to the latest eVestlment monthly summary report.
June also marked the third month of positive returns in the first six months of 2014.
The industry returned 1.14 per cent in June, 1.89 per cent in Q2 and ended the first half up 3.08 per cent, on pace for an annualised return of 6.26 per cent for the year, lagging 2013 and 2012.
Activist hedge funds posted large gains in June, an average of 3.51 per cent, making the group the best performing strategy in both
- 18/07/2014
The second half of 2014 looks set to be a strong period for capital allocations to hedge funds, according to a poll of institutional investors conducted by Credit Suisse Capital Services.
Of the investors surveyed, 97 per cent indicated that they plan to be highly active in making allocations during the second half of this year.
This compares favourably to 85 per cent of investors who responded that they had already been active in making allocations in the first half of the year.
Robert Leonard, managing director and global head of capital services at Credit Suisse, says:
- 18/07/2014
2014 has been good for long/short equity funds, asset-wise – investors poured USD51.6 billion (net) into them in H1 2014, the strongest inflows since H1 2006.
According to the latest data from Eurekahedge, global hedge funds saw net inflows of USD65.3 billion in H1 2014 (similar to the numbers a year earlier). That plus performance-based gains pushed industry assets under management up USD105.6 billion in the monitored period, to a record high USD2.12 trillion.
European hedge funds attracted USD31.3 billion in net asset flows in the first half of 2014, up from USD15.9 billion over the same period last
- 17/07/2014
Sussex Partners has signed an agreement with Credit Suisse to introduce the Credit Suisse (Lux) Small and Mid Cap Alpha Long/Short Fund to selected clients in Switzerland, Liechtenstein, the UK and the Netherlands.
The agreement between Sussex Partners and Credit Suisse follows a lengthy period of discussion and due diligence between the parties.
Patrick Ghali, managing partner of Sussex Partners, says: "We were looking for a good European long/short fund for a long time, but hadn’t been able to find a manager that we found truly convincing, able to deliver consistent risk adjusted returns and that was suitable also from
- 17/07/2014
Increased competition, innovative structures and the use of leverage have caused the trading of secondary interests to be more efficient in H1 2014 with improved processes, whilst offering better prices to vendors.
That’s according to a report from Cattegatt Secondaries, a specialist broker for private equity and illiquid hedge fund assets.
Over the same period, the majority of deal flow continued to be originated in Europe and the US, but significantly there has been increased activity from Asia.
Deal flow in the US has been caused largely by portfolio rebalancing, with LPs consolidating their exposures into their preferred
- 17/07/2014
Abbey Capital has launched The Abbey Capital Futures Strategy Fund (ABYIX), the firm’s first liquid alternative mutual fund designed for US investors.
The fund offers access for individual and professional investors to participate in an actively managed fixed income, foreign exchange (FX) and managed futures mutual fund.
The fund seeks to deliver positive absolute returns through a managed futures strategy and a fixed income strategy.
The managed futures strategy will provide investors with access to eight experienced futures and FX managers. These managers employ different trading styles in a wide range of global financial, FX and commodity markets over
- 17/07/2014
- 17/07/2014
Chatham Financial has launched new services within its consulting practice and ChathamDirect Software-as-a-Service (SaaS) platform to help fund managers navigate the Alternative Investment Fund Management Directive (AIFMD) and the European Market Infrastructure Regulation (EMIR).
Compliance with the new requirements presents significant challenges for the asset management industry, as funds will soon be required to value assets, debt, and derivatives independently from portfolio management.
Beginning 22 July, AIFMD will require registered fund managers, among other things, to independently value all of their assets and liabilities, including derivatives. Firms will also be required to adopt detailed valuation policies and procedures as
- 17/07/2014
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