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Fund performance and industry dry powder is analysed in this extract from the Preqin Quarterly Update: Private Debt, Q3 2015.
Fig 1 displays the median proportions of committed capital called up by the end of the first and second investment years, among all private debt funds for vintage years 2006-2014. It shows that post-2008, the median proportion of capital called up during the first two years of investment is lower than before the financial crisis. This could be explained by recent fundraising success pushing up dry powder levels at a faster rate than available deals in a competitive marketplace.
Preqin’s Real Estate Online currently tracks 62 South Korea-based institutions that are actively investing in the real estate asset class, collectively representing USD2.5 trillion in total assets.
A large proportion of South Korea-based real estate investors are insurance companies (31 per cent) and banks or investment banks (27 per cent), with public pension funds (18 per cent) and asset managers (10 per cent) also making up notable proportions of the investor pool. With 85 per cent of the real estate investor population comprising these traditionally large institutions, it is unsurprising that nearly half hold more than USD15 billion in assets
The Shanghai Stock Exchange (SSE), Deutsche Börse Group and China Financial Futures Exchange (CFFEX) have officially founded a joint venture, the China Europe International Exchange.
This new marketplace for the trading of RMB-denominated offshore products starting with cash market products such as ETFs and binds, will be launched on 18 November 2015 under the new brand CEINEX.
The agreement was signed earlier today in Beijing by Gui Minjie, Chairman of Shanghai Stock Exchange, Carsten Kengeter, CEO of Deutsche Börse AG, and Zhang Shenfeng, Chairman of China Financial Futures Exchange, in the presence of the Chinese Premier Li Keqiang and the
Alternative asset management firm TPG has named Jon Winkelried (pictured) as Co-Chief Executive Officer of TPG Holdings alongside TPG Co-Founder and current Chief Executive Officer Jim Coulter.
David Bonderman, who co-founded TPG with Coulter, will continue in his role as Co-Founder and Chairman of TPG.
Winkelried, who previously served as the President and Co-Chief Operating Officer of Goldman Sachs, brings to TPG significant experience in helping build, manage and lead one of the world’s leading financial institutions. During his 27-year tenure at Goldman Sachs, Winkelried held various senior roles including co-head of the firm’s Investment Banking division, co-head of Fixed
RWC Partners’ Priya Kodeeswaran (pictured) has hired Colin Moar to join his team as a senior analyst.
Moar has over 17 years’ investment experience with research expertise across a number of sectors, with a particular focus on technology. He started his career at Aviva Investors as an analyst on the UK and pan-European equity teams for five years followed by seven years on the Global Equity team as an analyst then fund manager. Moar then spent a year at HSBC Asset Management as a fund manager on the Global & Emerging Markets team before joining Polar Capital’s Technology team.
Options, a managed service and IT infrastructure provider to the global capital markets industry, has has expanded its operations in New York, relocating its Midtown office to a new, larger space on Third Avenue.
The move, necessary to accommodate the firm’s continued growth in the US, follows the recent consolidation of the IaaS provider’s two existing London offices into one larger space in the Victoria area of central London. Combined, the new offices in New York and London will have capacity for over 150 employees.
Options’ global client presence now spans over 20 countries and the expanded New York office
The business of trading interest-rate swaps is moving to electronic platforms at breakneck speed, largely driven by the implementation of Dodd-Frank. Sixty per cent of notional client swap trading volume in the US this year is being executed electronically – up from just 20 per cent in 2014. But according to a new study from Greenwich Associates, investors are still relying on the support and advice of sell-side salespeople
A new Greenwich Report, Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important, reveals that as recently as 2010, nearly 90 per cent of notional trading volume
Euronext has received approval from the Hong Kong Securities and Futures Commission (HKSFC) to provide automated trading services (ATS) to Hong Kong-domiciled clients, facilitating direct membership and access to Euronext’s Paris derivatives markets.
Tan Yueheng, Chief Executive Officer of BOCOM International Holdings Company Ltd and Chairman of Chinese Securities Association of Hong Kong (CSAHK), says: "Applying to become Euronext's first batch of Hong Kong members is in accordance with our group's derivatives business strategy. Euronext, also an honourable member of CSAHK, will establish a bridge for Chinese brokers and futures companies domiciled in Hong Kong to gain easy access to
In this extract from the Preqin Quarterly Update: Infrastructure, Q3 2015, we take an in-depth look at investors in infrastructure, examining which regions are attracting capital, preferred routes to market and plans for future investments.
The majority of infrastructure investors will continue to target domestic opportunities in the next 12 months, but there are also sizeable proportions targeting global infrastructure exposure (Fig 1).
Despite the growing preference for direct investments among the largest and most experienced infrastructure investors, unlisted funds remain the primary route to market for the majority of investors, with 86% targeting fund commitments to gain infrastructure
Colt has launched Colt PrizmNet in the US, connecting providers of financial content – including market data, research and trading services – to capital markets firms, improving trade execution and accelerating global market connectivity.
This financial extranet addresses increased client demand for greater transparency and reliable access to new and existing markets, as well as the move to fully electronic traded asset classes including swaps, FX and fixed income.
Colt is a private company owned by Fidelity, and operates across Europe, Asia and North America. The launch of Colt PrizmNet in the US supports its growing presence in North
