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The SS&C GlobeOp Forward Redemption Indicator for April 2015 measured 3.36 per cent, down from 3.91 per cent in March.
“The forward Redemption Indicator for both April and Year to Date 2015 are consistent with seasonal trends and closely in line with year ago numbers. This suggests the hedge fund sector remains stable,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of
Gabelli Securities, a 94 per cent owned subsidiary of GAMCO Investors, has appointed David L Fitzgerald as General Counsel and Chief Compliance Officer of the firm’s alternative investment fund business, Gabelli & Partners.
Gabelli Securities currently has approximately USD1 billion in assets under management. Fitzgerald will be responsible also for compliance and legal oversight for the GAMCO International SICAV, the firm’s Luxembourg-based UCITS fund business.
Agnes Mullady, President and COO of the Fund Division of Gabelli Funds, says: "As we enter a major growth phase in our business globally, we are pleased to have the benefit of David's significant knowledge
Ada Investment Management, an investment manager offering alternative equities-based investment programs to institutional investors, has appointed Nikhil Sudan as a Principal and Chief Operating Officer (COO).
In his new role, Sudan will be responsible for the firm's business operations and technology, reporting to Dr Vinay Nair, Founding Principal of Ada Investments.
Sudan joins Ada Investments from Bridgewater Associates, a global investment manager, where he drove strategic multi-year transformations in technology management and middle- and back-office operations. Prior to joining Bridgewater in 2010, he served as a senior management consultant at McKinsey & Company, which he joined in 2005 and where
The Depository Trust & Clearing (DTCC) is linking its front-end collateral management system Omgeo ProtoColl with GlobalCollateral’s Margin Transit Utility (MTU), a straight through processing solution for the settlement of margin obligations.
With this integration, Omgeo ProtoColl clients will gain a view of all transactions processed in the MTU from their existing ProtoColl user interface, streamlining margin call activities and enabling better monitoring of the collateral management process from a single interface.
Omgeo ProtoColl brings efficiency to the collateral management lifecycle by leveraging a rules-based workflow approach, allowing for exception-based processing on reconciliation, counterparty exposure, collateral optimisation, auto-fulfilment of
Investors’ plans for future activity in the private debt space are revealed in this extract from the Preqin Quarterly Update: Private Debt, Q1 2015.
Investors surveyed by Preqin in Q1 2015 conveyed a strong appetite for exposure to private debt funds, with 57 per cent of respondents expecting to increase their allocation within the next 12 months (Fig. 1). An even larger proportion (65 per cent) expects to increase their allocation to private debt in the longer term, while only 8 per cent expect to decrease their exposure. It is clear that institutional investors are becoming increasingly familiar with the
ML Capital and Ardsley Partners are repositioning the Ardsley Partners US Equity UCITS Fund to take advantage of increasing investor interest in the renewable energy sector.
The aim is to capture the secular growth opportunities presented as global energy production growth continues to shift towards non-carbon based renewable sources.
Launched on the MontLake UCITS Platform in April 2014, the Ardsley Partners US Equity UCITS Fund has typically focussed on technology, telecoms, life sciences, traditional energy and renewable energy companies. However, as of April 2015, the fund's portfolio will now be comprised of fossil-free companies solely within the renewables space. The
Hedge funds were up 0.46 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.57 per cent through the end of the first quarter, versus a return of 0.95 per cent for the S&P 500.
“Prices for risk assets declined in March as the headwinds fomented by weaker than expected consumer spending and durable goods orders, together with a strengthening US Dollar, drove equities and commodities lower,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Overall, 16 of Barclay’s 18 hedge fund indices had gains in March. The Healthcare &
Hong Kong-based hedge fund LIM Advisors has appointed Donald Ewer as head of Asian fixed income and credit.
Ewer’s wealth of experience in Asian fixed income and credit investing and other asset classes will enhance LIM’s ability to take advantage of opportunities across fixed income and credit in Asia as the markets shift.
Ewer, who has accumulated enormous experience in the key global financial centres of London, New York and Hong Kong, has deep knowledge across various asset classes and markets including convertibles, volatility trading, and equity long short.
He is an expert in Asian fixed income and
TMF Group has appointed Michael Adams as global Head of Structured Finance.
Adams has worked for TMF Group for three years and was most recently Regional Managing Director for the UK, Ireland and the Channel Islands. Prior to TMF Group, Adams was Managing Director and Business Manager for BNY Mellon’s Corporate Trust EMEA Structured Finance business, responsible for the business development, strategy and growth of ABS, MBS, CMBS, Covered Bonds, Project Finance and the Carbon businesses for the EMEA region. Before joining BNY Mellon, Adams held a variety of roles with Barclays Capital and Grant Thornton.
In addition, TMF
ERI Scientific Beta has launched two new families of smart "quality-type" factor indices – High Profitability and Low Investment, allowing investors to benefit from well-documented additional risk premia.
These new smart factor indices have been available on the www.scientificbeta.com platform since 20 March, 2015.
The role of these separate factors relating to firm characteristics has been documented in recent empirical studies. ERI Scientific Beta’s High Profitability and Low Investment factors rely on straightforward and parsimonious indicators, and provide more robust performance benefits than ad-hoc stock picking indicators of “quality” currently used in the industry.
By proposing not one
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