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By Joshua D Kestler (pictured), President & Chief Operating Officer, HedgeMark – Dedicated Managed Accounts (DMA) are typically single investor funds established for the exclusive use of, and owned and controlled by, an institutional investor, such as a public or private pension plan. The benefits of using DMA structures for hedge fund investments are clear – transparency, asset control, cash efficiency, customisation of investment strategies and structures, and the ability to negotiate discounted or custom fee arrangements with hedge fund managers.
While these benefits are clear and should lead most large institutional investors to establish DMA platforms, many investors express concerns over
Alternative investments could reach a high of USD15.3 trillion by 2020, according to a new report from PwC – ‘Alternative Asset Management in 2020: Fast Forward to Centre Stage’.
USD15.3 trillion worth of alternative investments are predicted by 2020 if the high performance of capital markets continues to be driven by accommodative monetary policy and stable GDP growth .
USD13.6 trillion of alternative assets by 2020 if interest rates in Europe and the US rise and are coupled with a normal correction in capital markets.
Robert Mellor, UK Asset Management 2020 leader at PwC, says: “The shift in global economic
Euronext has expanded its Spotlight segment with options on the shares of Refresco Gerber, a European bottler of soft drinks and fruit juices for retailers and A-brand owners.
The new options that are available for trading on the Amsterdam market follow the company’s recent successful IPO on Euronext Amsterdam.
The Spotlight segment is dedicated to the development of new option classes requested by market participants, on its Amsterdam and Brussels derivatives markets. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three months. The combination of added liquidity and visibility allows the option classes
Harneys has recruited two partners and one senior associate to the firm’s investment funds practice in the Cayman Islands.
Ian Gobin, Matthew Taber and Jonathan Bernstein are leaving Appleby and will join Harneys in the Cayman Islands as soon as they are free to do so under their existing arrangements. Ian is currently a partner (and until recently was global head of funds and investment services) for Appleby. Matthew and Jonathan, counsel and senior associate respectively, are members of Appleby’s funds and investment services department in the Cayman Islands. They have a combined 30 years’ experience working with institutional clients
Philip Bartow has joined RiverNorth Capital Managemenas a Portfolio Manager. In his new role, Bartow will work closely with RiverNorth’s Chief Investment Officer, Patrick Galley, to build upon the firm’s existing capabilities and develop its marketplace lending strategy.
Bartow has more than 10 years of experience identifying attractive opportunities in the lending and fixed income markets. Previously, Bartow was a Principal at Spring Hill Capital, where he focused on asset-backed fixed income and real estate debt investments. Bartow began his career within the fixed income division at Lehman Brothers in New York, where he held a variety of roles in
Four Wood Capital Partners (FWCP) has launched a new closed-end fund, Eagle Growth & Income Opportunities Fund, which has priced its initial public offering and begun trading on the New York Stock Exchange under the symbol “EGIF.”
Four Wood Capital Advisors (FWCA), a subsidiary of FWCP, serves as Investment Advisor and Eagle Asset Management and Recon Capital Partners, LLC serves as Sub Advisors to the Fund. The Fund raised approximately USD121.5 million in its common share offering, excluding any exercise of the underwriters’ option to purchase additional shares. If the underwriters exercise that option in full, which may or may
Deloitte has formed an alliance with Recommind to deliver a managed service to investment banks, transforming the way Over-the-Counter (OTC) International Swaps and Derivatives Association (ISDA) agreements are managed.
The new offering will consist of a Deloitte service wrapping around Recommind’s Perceptiv Derivatives Contract Analysis technology in the firm’s managed service layer to ensure optimal service delivery. The SaaS platform handles the process of sifting through thousands of counterparty agreements to identify the data traders need to drive profits, including eligible collateral, interest rates, termination events, netting, thresholds and independent amounts.
“The notional amounts outstanding of OTC derivatives stood
Future economic growth and development in Asia is inextricably tied to the funding of infrastructure projects on the continent at present. In this extract from Preqin Infrastructure Spotlight – June 2015, Oliver Senchal examines the current state of the Asian infrastructure market, detailing fundraising, fund managers, investors and deals in the region.
Unlisted infrastructure fundraising
The unlisted infrastructure market in Asia remains a difficult place to raise capital; only six funds closed last year raising an aggregate USD2.7 billion and only three vehicles have held a final close so far this year (Fig 1). At this rate, 2015 is
Lawson Conner has launched ‘FinTechPLUS’, a programme to help FinTech startups to launch their new businesses quickly, compliantly and cost-effectively, with the support of an experienced team of entrepreneurs, compliance and regulatory experts.
The ‘FinTechPLUS’ programme is designed for companies offering e-money, payments, consumer loans, crowdfunding and other financial technology related services currently revolutionising the banking and finance sectors. The programme includes a number of innovative solutions, one of which is the FinTech Regulatory Incubator Platform ‘FinTIP’, which allows selected companies to become authorised in less than a month and at a fraction of the cost usually associated with
Asset under custody for private funds at Millennium Trust Company, a provider of alternative asset custody solutions to institutions, advisors, and individuals, have surpassed USD5.6 billion as of 1 June, 2015.
This represents an increase of USD600 million within the last six months. The firm’s total assets under custody exceed USD13.5 billion.
“We have experienced strong growth in all areas of Millennium’s business,” says Scott McCartan, chief executive officer of Millennium Trust Company. “However, we continue to see substantial acceleration in growth from our Private Fund Custody (PFC) service. We launched this business in late 2010 to address the
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