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The Henley Business School has launched its Executive Hedge Fund Program in Hong Kong, a unique concept developed with Steve Bernstein, CEO of SinoPac Solutions and Services, a veteran of the Hedge Fund industry.
The program will be created and delivered by leading industry professionals, offering participants a comprehensive understanding of hedge funds, from set-up to management.
Established by the International Capital Markets Association (ICMA) Centre at Henley Business School, the Executive Hedge Fund Program has been designed specifically for professionals within the financial services industry, providing a holistic hands-on real-practice understanding of hedge funds. The program will involve the
Neonet is to provide its clients with access to North Sea, the re-launched dark pool functionality from Oslo Børs. This includes fully integrated DMA, Smart Order Router and algorithm support.
North Sea will allow Oslo Børs members to execute larger orders, at mid-price, in a dark pool, in an exchange regulated environment. The new version of North Sea is launched today, 20 April 2015.
“It is essential for us, as an independent execution specialist, to offer comprehensive access to a range of liquidity sources to our clients and we therefore closely monitor the development of new venues and liquidity pools,”
Fears of an imminent rate hike in the US have faded as a result of data releases being below expectations. A number of Fed speakers also made the case for holding off on the first rate hike. As a result, the US dollar is down almost 3% against major currencies since the recent peak in mid-March, i.e. before the latest FOMC meeting. US equities have regained some colour and 10y Treasury yields have fallen by more than 20bp since mid-March.
Preqin’s Quarterly Update: Hedge Funds, Q1 2015 analyses the latest industry data and identifies which groups found success over the last three months.
Funds of Funds
In 2014, the fund of funds sector accumulated assets for the first time since 2011, growing by USD33bn to reach USD819bn in assets across the entire industry. This net growth has continued into 2015, with the sector adding USD8bn in the first quarter of 2015.
Funds of funds have also had a strong start to the year in terms of performance, adding 3.02 per cent over Q1, higher than the Preqin All-Strategies Hedge Fund benchmark,
A fund managed by Ares Management’s commercial finance platform is to acquire the asset-based lending portfolio of First Capital Holdings, a commercial finance company that provides asset-based loans and factoring to small and middle-market companies.
First Capital is a portfolio company of HIG Capital. The transaction is expected to close during the second quarter, subject to customary closing conditions. The fund intends to fund the acquisition with a combination of debt and equity.
With this transaction, the Ares Commercial Finance platform, which is part of the firm’s Direct Lending Group, will have approximately USD700 million of loan commitments. The Ares
With capital efficiencies being such a hot ticket issue for hedge funders today, any opportunities to trade with a greater level of efficiency are surely welcome.
Event-driven manager Burren Capital Advisors has launched its Global Arbitrage equities fund on the MontLake UCITS platform, which provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
The MontLake Burren Global Arbitrage UCITS Fund will be managed in line with the core fund, which has approximately five years track record, but with a modest amount more leverage and will specialise in Pure Arbitrage, Tender Arbitrage, Merger Arbitrage and Relative Value investing. The strategies seek to take advantage of a broad investment spectrum providing multiple sources of alpha throughout the economic cycle.
Social media is joining traditional financial news media as a key source of information used by institutional investors in their investment processes, according to a new study from Greenwich Associates.
The study found that 80 per cent of institutional investors use social media as part of their regular work flow, and approximately 30 per cent of these investors say information obtained through social media has directly influenced an investment recommendation or decision.
In a report released today entitled, Institutional Investing in the Digital Age: How Social Media Informs and Shapes the Investing Process, Greenwich Associates presents the results of its
BI-SAM has launched BI-SAM GO, a flexible solution providing asset managers with daily and transactional performance and attribution analytics, plus high-quality cleansed and validated data, via a flexible, secure web-based platform.
The solution enables asset managers to streamline the calculation, analysis and distribution of performance results – resulting in improved investment strategies, better client engagement and increased operational efficiencies. BI-SAM GO includes transactional performance and attribution delivered in an easy-to-use interface. Client and market data is cleansed and validated to ensure accurate performance analytics.
“Performance analytics are critical inputs to investment strategies – with portfolio managers, clients and everyone
The Credit Suisse Hedge Fund Index finished up 0.60% for the month of March, with half of the ten sub-strategies finishing the month in positive territory.
Managed Futures led the way with a return of 2.40%, followed by Global Macro (1.30%, Multi-Strategy (1.05%), Emerging Markets (0.74%) and Event Driven (0.36%).
Long Short Equity was the month’s biggest loser down 0.42%, while Dedicated Short Bias (-0.31%), Convertible Arbitrage (-0.27%), Equity Market Neutral (-0.21%) and Fixed Income Arbitrage (-0.08%) also recorded negative returns.
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