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Some 61% of London AIFMs feel the AIFMD has opened up new opportunities in Europe, according to research by KNEIP. By contrast, only 35% of New York AIFMs agree with their European counterparts.
The research also shows that Luxembourg firms share London’s sentiment, as well over half of firms based in the region agree that the AIFMD has been beneficial in opening new business opportunities in other European markets, thus demonstrating a contrast to the way the AIFMD has benefited non-European and European firms.
The findings come from a survey, now in its third year, of AIFMs domiciled in
Altana Wealth, an investment management group founded by Lee Robinson, has launched a new fund – The Altana Directors’ Dealings System Fund (ADDS).
The Fund, now open to external investors, tracks the short term opportunistic buying behaviour of company directors in US liquid listed companies and replicates the best 0.5% of their trades. Rigorous back testing of the system shows that during the period 2003 to 2014 ADDS significantly outperformed the S&P 500 index. The strategy has already attracted significant investor interest including a large external cornerstone investor.
The strategy has been running live in a (non-UCITS) wrapper since November
Over recent weeks the market focus has switched from the Fed to central banks in Europe. Last week, the Swiss National bank (SNB) moved to scrap the euro cap, triggering sharp market moves on local FX and equity markets. This week, the ECB announced exceptional expansionary measures to reflate the economy. In this report we look at the implications for hedge funds and confirm what we presumed last week, i.e. the impact on hedge funds from the SNB move was rather positive for CTA/ Global Macro managers and negligible for L/S Equity.
Preqin launched its 2015 Preqin Global Alternatives Reports last week, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
Real estate as an asset class has been an important contributor to this growth, as improving valuations of unrealised assets have seen the value of private real estate industry assets rise by USD85bn over the 12 months to June 2014. However, rising prices have also led to tougher competition in the marketplace.
The 2015 Preqin Global Real Estate Report provides a comprehensive review of
Elsen has closed a USD400,000 round of funding for its financial technology platform, which allows hedge funds to run financial models and algorithms faster and more efficiently.
Elsen plans to use this capital to accelerate growth and add additional resources to its engineering team.
Financing comes from individual investors and is led by local angel investor Bret Siarkowski and his AngelList syndicate, which is backed by Atlas Venture’s Boston Syndicates. Elsen has previously been bootstrapped.
Zac Sheffer, co-founder and CEO, says: “We are very pleased to partner with these investors. They are a unique resource and their guidance and knowledge
The US. Commodity Futures Trading Commission (CFTC) has issued an Order of Registration to Bursa Malaysia Derivatives Berhad (BMD), a Foreign Board of Trade located in Kuala Lumpur, Malaysia.
Under the Order, BMD is permitted to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system to trade agricultural commodity, interest rate and security index futures and option contracts.
The Commission issued the Order in accordance with Part 48 of the Commission’s regulations, which provides that such an Order may be issued to a foreign board
Rob Burnett (pictured), Investment Director & Manager of the Neptune European Opportunities Fund, looks at the implications of Syriza’s election victory for Greece’s equity market…
Syriza's share of the vote in the Greek election was higher than expected at 36%, but just short of a complete majority. The party is likely to go into coalition with either The Independent Greeks or To Potami (The River). With Syriza having performed somewhat better than expected, what does this mean for Greece’s equity market? The instant reaction will likely be negative, but we believe this ought to prove to be a long-term buying opportunity for the
IndexIQ has seen assets in its exchange traded funds (ETFs) grow by approximately 46%, and total assets under management and advisement increase by almost 40% in 2014 to over USD1.6 billion.
The increase was led by the IQ Hedge Multi-Strategy Tracker ETF (QAI), which was the first – and remains the largest – liquid alternative ETF.
Five IndexIQ ETFs marked their fifth anniversaries in 2014, including QAI, which turned five on March 25th. The IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO) turned five on 9 June. The IQ Merger Arbitrage ETF (NYSE Arca: MNA), the first ETF designed to
With a heavy dose of irony, Robert O’Boyle, Executive Vice President and Director of Sales & Marketing at Liquid Holdings, recalls how last year he commented that all the coverage of the ‘cloud’ was overblown.
“What I mean here is that the topic has reached a saturation point. There are very few people who don’t know that the cloud exists or what the benefits are. There’s nothing more to reveal about the cloud – now it’s a case of leveraging what’s actually in the cloud,” says O’Boyle.
A survey conducted a few years ago entitled “Cloud Adoption Trends in the
NewAlpha AM is expanding its activities beyond hedge funds with the successful raising of USD250 million in seed capital for a new long-only strategy.
The new Long-Only Equity strategy, a sub-fund of the French SICAV “Emergence”, which was created by Finance Innovation and with the support of the French Asset Management Association (AFG) and Paris Europlace, and is currently closed to new subscriptions, has attracted 12 institutional investors, several among the largest and most influential in France.
NewAlpha AM has selected two new asset managers Focus Asset Managers and Financière Arbevel, for their potential to deliver higher returns, and injected
