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Ayaltis has launched a new fund, Narrapuno SPC Convergence, which aims to leverage the firm's experience and insight in the multifaceted strategies of the credit market.
This fund of fund concept focuses on the singular opportunity set, which has evolved through the bank disintermediation process, currently taking place in the direct lending market globally. As a consequence of the more restrictive regulatory environment, banks withdraw more and more from traditional lending to medium and small sized companies. This gap, which Ayaltis expects to widen in the coming years, creates rewarding investment opportunities for non-financial market participants in the private debt sector. The carefully selected,
As the costs of doing business have increased, more and more hedge fund managers are adopting the cloud; this has revolutionised the way all businesses operate, not just hedge funds.
But as technology improves and brings greater operational efficiency and data management capabilities to hedge funders, they are having to walk a tight line between bolstering security on the one hand, and justifying the costs on the other.
The arrival of cheaper and faster bandwidth means that everyone is always connected and as Andrew Flatt, CTO at Omni Partners LLP, a London-based hedge fund manager comments, “we are all ‘always-on’.”
The SS&C GlobeOp Forward Redemption Indicator for June 2015 measured 4.72 per cent, up from 4.68 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2015 of 4.72% reflects normal seasonally-elevated redemption requests, but viewed year-over-year it is an improvement from last June when the same indicator was 4.80%,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Though this represents only a small gain, it is the first positive monthly comparison since January and suggests that investor sentiment may be turning more optimistic regarding prospects for hedge fund performance.”
The SS&C GlobeOp Forward Redemption Indicator represents
The PRICE Futures Group has appointed Richard Boerke, Jr as Institutional Sales Executive in the firm’s business development team.
The PRICE Futures Group, founded in 1988 by Walter T Price III and a division of Price Holdings Inc, an employee-owned financial services firm, is adding business development expertise to outpace the needs of its institutional clientele.
Boerke has an extensive background in the futures industry. He is familiar with all aspects of the business including specific expertise in managed futures, money management, commodities hedging, risk management and in consulting with institutional clients.
“Rick possesses formidable expertise in futures and
Copia Capital Management, the Discretionary Fund Manager part of the Novia group, has made a new addition to the firm’s investment and marketing team.
Reporting to Head of Investment Dr Evrin Erdem, Hoshang Daroga joins Copia as Quantitative Investment Manager. He will be responsible for quantitative modelling and investment research, as well as being a key contact point for all Copia stakeholders.
Hoshang holds a Master’s in Financial Engineering from UCLA School of Management in Los Angeles, and an MBA from Fordham University in New York. His last position was with LSV Asset Management in Chicago, and before that
NewAlpha Asset Management, the Paris-based global hedge fund incubation and acceleration specialist, has made a strategic investment in Quest Global Advisors (Quest).
Greenwich, Connecticut based Quest, founded by James Doolin and Frank Campana, is a hedge fund manager specialising in Convertible Arbitrage.
Doolin has decades of experience in the securities industry as a trader and investing in global convertible securities. Prior to forming Quest, He was the Managing Director of the Convertible Department at ING Barings as well as a trader at Lehman Brothers and Credit Suisse. Doolin earned an MBA from Rider College School of Management and a
MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group, is to acquire UBS Global Asset Management’s Alternative Fund Services (AFS) business.
“This transaction is part of our strategy to build MUFG Investor Services into an industry-leading administrator, both organically and through acquisitions," says Junichi Okamoto, Group Head of Integrated Trust Assets Business Group, Deputy President, Mitsubishi UFJ Trust and Banking Corporation. "AFS’ strong client franchise, global footprint, and notably its strong presence in Asia, are an excellent strategic fit.
“We are confident that our clients will benefit from the depth of combined resources and capabilities and
New hedge fund launches rose to the highest level in three quarters in Q1 2015, as strong performance industry-wide drove both total global hedge fund capital and the total number of hedge funds to record levels.
Hedge fund launches totalled 264 in Q1 2015, the highest level since 2Q 2014, bringing the total number of hedge funds globally to 10,149 according to the latest HFR Market Microstructure Industry Report. Total hedge fund capital increased to a record of USD2.94 trillion in Q1 2015, while the HFRI Fund Weighted Composite Index and HFRI Equity Hedge Index posted gains of +3.9 and
The T+2 Industry Steering Committee (T+2 ISC) has released a white paper outlining the timeline and activities required to move to a two-day settlement cycle (T+2) in the US by the end of Q3 2017.
The T+2 ISC, organised by The Depository Trust & Clearing Corporation (DTCC) and made up of members from across the securities industry, including the Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI), was formed to provide oversight and guidance on the US move to a shorter settlement cycle.
Shortening the US settlement cycle for equities, corporate and municipal bonds,
Franklin Templeton Investments has amended the objectives for its three Luxembourg-registered multi-asset funds to include return and volatility targets effective 19 June.
The funds, which are part of the Franklin Templeton Investments Fund (FTIF) range, will also be renamed to better reflect their respective return and volatility targets.
Jamie Hammond, managing director for Europe, Franklin Templeton Investments, says: “Following the merger of the FTSAF range into FTIF range earlier in March 2015, this recent development is a significant step in shaping Franklin Templeton’s multi-asset fund proposition for international investors. We are seeing increasing demand for outcome-oriented products, which give
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