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Alternative asset manager The Carlyle Group is to acquire a majority stake in assets services firm Conifer Financial Services. Senior management of Conifer will continue to lead the business and own a significant minority interest in the company.
The transaction, terms of which have not been disclosed, is expected to close in the second quarter of 2015 subject to customary closing requirements and regulatory approvals.
Conifer has broad experience in offering front-to-back capabilities across all asset classes for hedge funds, pensions, endowments, foundations, funds of funds and family offices, as well as private equity and venture capital. With more than
Assets under management (AUM) for the RobecoSAM Smart Materials fund have more than doubled over the last 12 months, from USD150m to USD340 million.
Over the last five years, the fund has returned 53.15 per cent compared to the MSCI Materials Index which returned 8.02 per cent.
The fund, managed by Pieter Busscher, has attracted investors who recognise that increasing pressure on natural resources coupled with human ingenuity is driving greater demand for the development of substitute materials. With advanced technology, significant production gains are achievable and many companies are successfully providing solutions to the challenge of resource scarcity.
The
The Bahamas is taking steps in the right direction to raise its profile as an attractive funds centre. To succeed as an international funds centre requires not just a proactive regulator but a willingness to respond to the changing needs of the market and develop new products accordingly.
In that regard, The Bahamas ticks many boxes. It is the first independent country in the region with IOSCO “A” Status, which it received on December 27, 2012. It continues to build out the SMART Fund model template to provide a range of solutions for investment managers. This flexible product range, whose
Alternative Fund Consulting, an executive level advisory firm specialising in hedge fund product and organisational best practices has appointed industry veteran Steven J Fellin (pictured), CFA as Partner focused on clients' financial, accounting, and overall business management success.
The firm's growth is prompted by new client mandates for C-level co-sourcing expertise and firm wide portfolio business support solutions that facilitate investor allocations. Fellin's two decades of industry experience feature chief financial, chief operating and chief compliance officer positions.
"Better managed firms create better returns," says Gary Mair, Alternative Fund Consulting's Managing Partner. "As hedge fund allocation decisions are increasingly impacted
IndexIQ has expanded its family of liquid alternative exchange-traded funds (ETFs) with the launch of the IQ Hedge Long/Short Tracker ETF (QLS) and the IQ Hedge Event-Driven Tracker ETF (QED).
The additon of the new funds, which join the IQ Hedge Macro Tracker ETF (MCRO), the IQ Hedge Market Neutral Tracker ETF (QMN) and the USD1 billion IQ Hedge Multi-Strategy Tracker ETF (QAI), means that IndexIQ now offers an ETF designed to track each of the four major hedge fund categories – Event-Driven, Equity Hedge or Long/Short, Market Neutral and Global Macro.
Through IndexIQ’s offerings, investors and advisors can construct their own diversified
Eze Castle Integration has received the UK Government Cyber Essential Certification following a review of the company’s security controls by certification-body Indelible Data.
Cyber Essentials has been developed as part of the UK’s National Cyber Security Programme and aims to guide businesses in protecting themselves against cyber threats. Certification confirms that Eze Castle Integration follows the cyber security practices outlined by the UK government to safeguard against cyber-attacks.
“Cyber security concerns in the financial services industry abound and rightfully so. As the leading hedge fund technology service provider, it is our duty to demonstrate that we take all the
By Donald A Steinbrugge, CFA – Managing Partner, Agecroft Partners – It is no secret that the hedge fund industry is viewed negatively by a large portion of the general public, but should it be?
Such a perception is driven primarily by the fact that most hedge funds are not permitted to market themselves to the general public, and because the mainstream media has a negative bias toward their coverage of the industry. The average person is inundated with negative articles creating the image that: 1.) Most hedge fund managers are dishonest and frequently commit fraud or violate insider
FD has acquired ActivateClients Limited, in a deal worth EUR4.75m (GBP3.4m), of which EUR1.5m (GBP1.1m) is payable in cash and EUR3.25m (GBP2.4m) is payable through the issue of 183,185 FD new ordinary shares.
The earnings enhancing acquisition provides complementary software products, particularly HTML5 capabilities, that are expected to enhance the FD’s software platform.
The vendors of ActivateClients include Pat Brazel and Keith MacDonald, who are Non-Executive Directors of FD. Following the acquisition Brazel, who is Chief Executive Officer of ActivateClients, has been appointed Global Head of Software Sales for FD and will step down from the Board of the
The majority of institutional investors actively consider ESG criteria when making alternative investment allocations, according to a survey by LGT Capital Partners and Mercer.
The survey of 97 institutional investors in 22 countries, also found that most believe ESG improves risk-adjusted returns and is an important aspect of risk and reputation management. Titled “Global Insights on ESG in Alternative Investing,” the research focuses on why and how institutional investors incorporate ESG considerations in alternative asset classes.
According to the survey, ESG factors are actively considered by a large majority of institutions investing in alternative assets. More than three-quarters of respondents
Calastone has added the National Bank of Abu Dhabi (NBAD) Global Asset Management to its global order routing community.
NBAD was Abu Dhabi’s first local bank and played a pioneering role in building the country’s financial system. Today, NBAD has one of the largest networks of branches and offices domestically in the UAE, and international offices in 18 countries.
Calastone has been successfully serving its fund manager, distributor, platform, custodian and fund administration clients since it launched in 2008. Today, more than 760 clients in 22 domiciles around the world are connected to its global transaction network. This announcement
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