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The SS&C GlobeOp Forward Redemption Indicator for August 2015 measured 3.46 per cent, up from 2.08 per cent in July.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.46 per cent for August 2015 reflects mainly seasonal influences in comparison to the 2.08 per cent reported in July of 2015,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “It’s noteworthy that on a year-over-year basis, the 3.46 per cent for August of 2015 is sharply lower than August of 2014 which came in at 4.19 per cent. In particular, there was a decline in near-term redemptions, which together with
Hong Kong-based investment advisory firm Meridian Capital Management has added a new Global Macro Hedge Fund’ to its existing hedge fund offering. The launch comes as the firm prepares to celebrates its 10th anniversary.
“With the completion of 10 years we have decided to don another hat, which we believe further strengthens our promise to bring more ideas for your money,” says Chief Information Officer Daniel Waring.
Steven Woodall-Head of Global Portfolio Construction and Risk at Meridian Capital Management says: “Investment today is not restricted to one’s country and we have a significant portion of persons who are invested globally.
Total hedge fund assets increased 0.35 per cent in July 2015, bringing the industry’s total assets under management to USD3.133 trillion, according to eVestment’s latest Hedge Fund Asset Flows report.
Investors withdrew an estimated USD5.0 billion from the industry in July, while performance increased AUM by an estimated USD16.1 billion.
With July’s USD5.0 billion outflow, investors have added an estimated USD64.3 billion into hedge funds in 2015 through July. This compares to USD102.1 billion through July of 2014, however investors redeemed nearly USD14 billion in the final five months last year.
Redemptions from event driven strategies in July weighed heavily
A new paper 'Passive Hedge Funds' from Mikhail Tupitsyn and Paul Lajbcygier from the Department of Banking and Finance and the Department of Econometrics & Business Statistics, at the Faculty of Business and Economics, Monash University, Australia finds that most hedge fund managers are passive.
The academics write: “Active management should be manifest through nonlinear exposure to the systematic risk factors that drive hedge fund returns.” They posit that in order to demonstrate managerial skill enhanced performance should accrue as a consequence of active management. “Using generalised additive models we find that approximately two-thirds of hedge funds exhibit only
Research for Preqin’s latest Investor Outlook has found that four out of five institutional investors invest in at least one alternative asset class.
Private equity, hedge funds and real estate are the most targeted alternative asset classes, with over half of investors having an allocation to each of them in their portfolios. Although the benefits vary significantly between asset classes, common reasons cited by investors for holding allocations to alternative assets include diversification, high returns, reliable income streams and inflation hedging characteristics.
Investment in almost all asset classes is likely to increase over the coming year. In particular, 42
Catalyst Funds, an alternative-focused mutual fund company, has launched the Catalyst/Auctos Multi-Strategy Fund (ACXIX), which first appeared in 2007 and was originally structured as a hedge fund managed by Auctos Capital Management.
This is Catalyst’s fourth mutual fund conversion.
ACXIX’s investment strategy is focused on taking both long and short positions in futures contracts, using several strategies including relative value, trend following, pattern recognition and calendar spreads. Investment positions range across multiple sectors of financial and commodity futures contracts, and will vary in time frames. Examples of sectors in which the Fund may invest include: stock indices, currencies, interest
Caerus is to join the Ramius alternative investment platform, enabling the firm to enhance its operations and accelerate the marketing of its fundamental, consumer-focused long/short equities strategy.
Headquartered in New York, Caerus is led by Founder and Chief Investment Officer Ward Davis and Managing Partner and Co-Portfolio Manager Brian Agnew. Davis was one of three founding partners at Trivium Capital Management, where he co-managed USD940 million and oversaw all consumer-focused equities investments. He was also a Managing Director at Chilton Investment Company, where he headed the Consumer Team. Brian Agnew, Caerus Global Managing Partner and Co-Portfolio Manager, was previously a Portfolio Manager
The US Commodity Futures Trading Commission (CFTC) has voted to propose amendments to existing regulations in order to provide additional clarity to swap counterparties and registered entities regarding their reporting obligations for cleared swap transactions; and to improve the efficiency of data collection and maintenance associated with the reporting of the swaps involved in a cleared swap transaction.
The comment period ends 60 days after the publication in the Federal Register.
The proposed amendments (Proposed Rules) would modify Part 45 of the Commission’s regulations, which the Commission adopted on December 20, 2011. Part 45 implements the requirements of Section
Sterling Capital Management, an investment manager offering equity, fixed income, and asset allocation investment solutions, has surpassed USD50 billion in assets under management.
As of 30 June, 2015, Sterling managed a total of USD50.4 billion in client assets. Founded in 1970, Sterling has evolved and grown steadily through the years, serving both institutional and individual clients throughout the United States and Europe. In the past 10 years alone, Sterling has experienced 70-percent growth in firm wide employees and 83-percent growth in new client assets.
"When I started back in 1991, we had less than USD1 billion in assets under
Wedgewood Partners, a large cap growth equity asset manager, has appointed William “Bill” Thomas as Chief Compliance and Chief Administrative Officer.
Wedgewood manages approximately USD11 billion in client assets in Separately Managed Accounts (SMAs), Unified Managed Accounts (UMAs), and the USD2.4 billion (assets) RiverPark/Wedgewood Fund (RWGFX – Retail; RWGIX – Institutional) for which Wedgewood acts as the sub-advisor. Launched in September 2010, the RiverPark/Wedgewood Fund seeks long-term capital appreciation by investing primarily in the equity securities of approximately 18 -22 companies with market capitalisations in excess of USD5 billion and whom Wedgewood believes has a sustainable competitive advantage. Wedgewood’s Chief
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