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Over 70% of real estate firms surveyed by Preqin at the end of 2014 felt competition for both investment opportunities and sources of capital had increased over the past year. Preqin’s Head of Real Assets Products, Andrew Moylan, assesses the increasingly competitive landscape facing private real estate fund managers:
There are many challenges currently facing both fund managers and investors active in the private real estate space. The improving fortunes of the private real estate industry in recent years – the industry now manages an all-time high of USD742bn in assets and generated annualised returns of 16.7% over the last
Ogier has appointed David Cooney and Bradley Kruger as Partners in the Cayman office and Michael Killourhy (pictured) as a Partner in the BVI office.
In addition, Partner Simon Schilder has joined the Jersey Funds team and five Senior Associates have been promoted to Managing Associate across the BVI, Cayman, Guernsey and Luxembourg offices.
David Cooney has been with Ogier since 2012 having moved from the UK, where he was previously a Partner at Gorvins. His practice focuses primarily on Private Clients and he also manages a number of key funds related clients and transactions.
David received his Bachelor of
Jim Dondero, Co-Founder and President of Highland Capital Management, has been named Senior Portfolio Manager of the firm's Energy MLP Fund, effective 1 February, 2015.
Dondero joins Jon Poglitsch, CFA and Matthew Gray, CFA as lead managers of the fund. Dondero, Poglitsch and Gray will be responsible for all of the investment decisions of the fund.
“Dislocation in the energy sector has caused unwarranted disruptions in the MLP space,” says Dondero. “Jon and Matthew have done a fantastic job managing the fund having achieved double digit returns since the fund's inception and I am excited to join them. We expect
Trading Technologies International (TT), a provider of high-performance professional trading software, has appointed Brian Mehta as Chief Marketing Officer (CMO).
Mehta is responsible for advancing the company’s brand, managing new product launches and leading all public outreach. He is a member of the executive team, where he reports directly to CEO Rick Lane.
Mehta joins TT from Motorola Mobility, where he served as head of North America Marketing. At Motorola, he oversaw several major marketing initiatives – such as a partnership with the NFL – and product launches for the DROID RAZR, DROID MAXX, Moto X and the Moto 360.
Leor Shapiro has joined Jefferies as a Managing Director and Global Head of Business Consulting for the firm’s Global Prime Services unit.
In this new role, Shapiro will work closely with Jefferies’ sales and capital introduction teams to advise and assist startup and existing managers with fund launches and expansion.
Previously, Shapiro was US Head of Business Consulting Services at UBS. He will report to John Laub, Global co-Head of Prime Brokerage at Jefferies, who joined the firm last summer. Shapiro’s appointment is part of Jefferies’ continued expansion of its prime services business as it focuses on catering for
GMEX Group has acquired a 25% stake, through its GMEX Technologies (GMEX TECH) subsidiary, in the Mauritius-based ALTX Africa Group Ltd (ALTX).
ALTX wholly owns ALT-Xchange Ltd (ALTX Uganda) and ALT-X Clearing Ltd (ALTX Clearing). ALTX is also in discussions with other strategic partners with a view to syndicating additional equity stakes to further drive its growth strategy.
This acquisition extends the current successful partnership between GMEX TECH, and ALTX. GMEX TECH is providing its leading edge ForumMatch exchange trading platform, ForumDetect market surveillance system and ForumTrader workstation to ALTX Uganda as a fully managed "Exchange-in-a-box" hosted solution interconnecting ALTX
Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before.
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Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before.
Executive
Advent Capital Management has appointed Matthew Dundon, Managing Director and Portfolio Manager to its alternative investment strategies team.
Dundon will support and collaborate with Advent’s current portfolio managers to identify unique investment ideas across corporate capital structures globally.
“We’re excited to welcome Matthew to Advent and look forward to the complementary skills he’ll bring as we continue to grow, diversify and opportunistically enhance our investment teams,” says Tracy Maitland, President and Chief Investment Officer of Advent. “The volatility in global markets is creating increased investment opportunities and we are adding investment talent to be able to vet more investment ideas
Despite optimism about the US economy, endowments and foundations are planning to decrease their allocations to US equities this year in favour of alternatives such as hedge and private equity funds.
That’s according to the Q4 2014 NEPC Endowment and Foundation Poll, a measure of endowment and foundation confidence and sentiment related to the economy, investing and market performance.
“Overall, endowments and foundations feel very confident about the US economy and have a favorable outlook for domestic equity markets this year,” says Cathy Konicki, Partner and head of NEPC’s Endowment and Foundation Practice. “More than three-quarters of respondents feel the
In the second-half of January, key monetary policy decisions have been adopted in Europe.
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