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In this excerpt from Preqin Investor Outlook: Alternative Assets, H2 2015, we take a closer look at how investors source and select new investment opportunities, based on the results of our interviews with over 100 investors in hedge funds.
As our extract from the Preqin Special Report: Hedge Fund Manager Outlook reveals, fund managers are finding the fundraising environment more competitive. Therefore, it is more important than ever to understand how investors source and select new investment opportunities, in order to be in with a greater chance of gaining some of the capital earmarked for new investment. With this
Elian has agreed terms to buy SFM Europe, a provider of corporate services with more than EUR1 trillion of assets under administration.
Elian sees the acquisition ‘as an outstanding strategic fit for Elian as SFM Europe has a long established reputation for providing the highest level of client service, coupled with industry expertise and an outstanding portfolio of clients.”
According Paul Willing (pictured), chief executive officer of Elian: “This deal complements our corporate services business and extends the group’s geographic reach in the key European financial markets of Amsterdam, Frankfurt, Lisbon, Madrid and Milan.”
Established in 1999, and spanning
SS&C Technologies Holdings, a provider of financial services software and software-enabled services, has announced the leadership team for its recently acquired Advent Software business unit.
Pete Hess, who has served as Advent’s President and CEO, will lead SS&C’s Advent business unit as Senior Vice President and General Manager. He will oversee the establishment of two distinct market facing teams within Advent to address key client segments.
The Advisory Market Group will be responsible for serving clients and growing the business within the wealth management and investment advisor market. The group will be led by Dave Welling, formerly the general
Following Preqin’s mid-year surveys of both hedge fund investors and fund managers, both parties agree that the greatest challenge the industry currently faces is performance.
Forty-four per cent of investors named performance as a key issue facing the industry, as well as 22 per cent of fund managers, higher than any other factor. This has arisen following one of the worst years for hedge fund performance in 2014 since the financial crisis, and as such, 43 per cent of investors think hedge funds have underperformed in the last year. Investors named fees and transparency as the next most important issues,
Ullink, a provider of electronic trading and connectivity solutions to the global financial community, has partnered with Tradegate Exchange to provide all members of Ullink’s global NYFIX community with access to Tradegate Exchange’s services and liquidity.
Tradegate Exchange lists more than 3,800 stocks and offers out-of hours trading with extended trading hours from 8am until 10pm CET. It provides order execution with zero commission and zero exchange transaction fees, plus free real-time streamed quotes via its dedicated app and online at www.tradegate.de, as well as via all major market data vendors.
Ullink’s NYFIX is the world’s largest trading community,
All six Market Vectors Index Solutions’ (MVIS) investable Long/Short Equity Indices recorded negative performance in August.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors Global Long/Short Equity Index led the way with a return of -4.76 per cent, followed by the Market Vectors Western Europe Long/Short Equity Index (-4.11 per cent), the Market Vectors North America Long/Short Equity Index (-3.34 per cent), the Market Vectors Asia (Developed) Long/Short Equity Index (-3.52 per cent), the Market Vectors Emerging Markets Long/Short
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished down 2.23 per cent in August.
The Merger Arbitrage strategy was the strongest performer for the month, finished down 0.43 per cent in August. The Long/Short Equity strategy was the strongest performer year-to-date, finished up 4.22 per cent. Although the Managed Futures strategy was down in August, it is the second-highest performing strategy year-to-date, up 3.86 per cent.
Philadelphia Financial is to serve as a specialty carrier for M Financial providing the company’s member firms with access to private placement insurance product
Philadelphia Financial offers Variable Universal Life Insurance and Variable Annuity solutions through its US domiciled and Bermuda domiciled carriers and is active in the hedge fund space through its administration of insurance-dedicated funds (IDFs)
“M Financial’s Member Firms are among the most successful and innovative financial firms. We are proud to enter this specialty relationship focused on addressing the complexities associated with the globalisation of family wealth. Pairing our product offerings with M Member Firms’
August 2015 was CBOE Futures Exchange’s (CFE) second-busiest month of all time and its third consecutive monthly gain for 2015.
Average daily volume (ADV) in CBOE Volatility Index (VIX Index) futures rose 34 percent from July 2015 and 41 percent from August 2014.
Total volume in VIX futures for August was 6.4 million contracts, an increase of 28 percent from the previous month and 41 percent from a year ago. The August 2015 volume total includes VIX Weeklys futures contracts, which launched on July 23. August VIX futures' ADV was 304,964 contracts. August's total and ADV for VIX futures ranked
From 8-10 September, 2015, 11 teams from five countries will compete in the championship round of SunGard’s Global Coder Cup ’15, a financial technology code-a-thon, to be held at FC Barcelona’s Camp Nou stadium.
At the event the finalists will be given 48 hours to design and implement a product that utilises big data tools, and analytics, to create innovative and actionable technologies and solutions, with an applicability to either internal or client-facing financial systems. A judging panel comprised of SunGard’s chief technology officer and industry experts from Intel and BBVA CIB will decide the winning solution. The competition is
