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Pershing Square Holdings (PSH), a closed end fund that is an active investor and owner of large minority stakes in North American, large-capitalisation public companies, has listed on Euronext’s Amsterdam market.
PSH was listed through the admission to trading of 250,253,351 public shares on Euronext Amsterdam.
The admission of these shares follows a USD2,73 billion placement of new shares issued by Pershing Square Holdings Ltd to non-US institutional and professional investors. The placement may raise capital of up to USD3 billion if the over-allotment option is exercised. The admission and issue price of Pershing Square Holdings Ltd shares was set
Clearstream is opening its new office in Cork, Ireland this week, following the company’s acquisition of Citco’s hedge fund sub-custody business for financial institutions in April 2014.
The business transition took place on 5 October 2014 with the integration of 300 former employees of Citco Global Securities Services (CGSS) Ltd in Cork into Clearstream’s Investment Fund Services division. The ownership of the Citco IT systems and software for hedge fund processing has also been transferred to Clearstream.
The new Cork-based entity, Clearstream Global Securities Services Ltd, is a 100 per cent subsidiary of Clearstream International SA in Luxembourg and
Ahead of the Bank of Japan Outlook Report on Tuesday 14 of October, Graham Martin, Managing Director of Optima Fund Management (Europe), comments on the need for inflation in Japan’s weakening economy…
With recent IMF growth projections down, the Japanese government and Central Bank are aligned in wanting to generate inflation in the domestic economy. As we expect that the Central Bank will continue to weaken the currency, investors should continue to hedge exposure on their Japanese investments.
Japan’s economic outlook received the largest downgrade of any country, with its growth expected to fall to 0.9% for this year. Whilst
Investment advisory firm bfinance has appointed Justin Preston as a senior associate for equities research with the firm’s public markets research team in London.
Preston previously worked for the Abu Dhabi Investment Authority (ADIA) as an investment manager for four years.
He was most recently UK head of manager research & selection at Buck Global Investment Advisors.
Chris Jones, managing director, head of public markets & alternatives at bfinance, says: "Justin's background as a Head of Research within an investment consultancy is complemented by his experience of actually managing portfolios on a day-to-day basis for a major institutional
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2014 measured 0.24 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.01 per cent in October.
"Net flows were negative for the month, representing typical quarter-end rebalancing," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C
In this special report, Preqin examines why investors are allocating their capital to hedge funds, what they seek from the funds they invest in and how they assess the success of their portfolio, based on interviews with over 100 institutional investors.
Click here to download the special report
Wolf Hedge, a management company for Seven Sages Long Short Fund, has launched its second fund, Wolf Hedge Global LP.
The fund's registration has been filed in Delaware and the Cayman Islands.
Wolf Hedge will be taking subscriptions of USD1 million+ from accredited and institutional investors.
The fund, which is open to investors, will use a global macro trading strategy. It will invest in publicly trading equities, ETFs, currencies, bonds and insurance products.
Mark Malik, Wolf Hedge CEO and the fund's manager, says: "Our focus will still be long-short but in a bigger and broader universe. We
eClerx has launched a Know Your Customer (KYC) solution, which is offered in a three tier system, enabling banks to have access to the best offering based on the immediate and strategic requirements.
The KYC platform enables both sell side and buy side clients to quickly establish and effectively conduct KYC processes and satisfy these rules through a highly controlled and supervised operations platform, reducing regulatory risk and ensuring compliance across multiple jurisdictions.
The eClerx KYC solution addresses key compliance requirements of the major regulatory bodies, both US and international, including the Federal Reserve and Office of the Comptroller
TOP 10 OPERATIONAL RISKS: A Survival Guide for Investment Management Firms
By Holly H Miller, Managing Director of Middle Office Services, SEI’s Investment Manager Services division
TAKEAWAYS
Virtually every investment management firm has the opportunity to take risk management to higher level, taking a fresh look at common areas of risk, identifying priorities for action, and then considering the variety of relatively straightforward risk-management measures that can be deployed
Different organizations have different exposures and tolerance levels to operational risk, depending, for instance, upon their investment strategies, the markets in which they operate and the instruments they employ; thus there is
This week London based ETP provider Source announced that it had partnered with Ashmore to launch the manager’s first funds in Europe. Ashmore is a specialist active investment manager with more than 20 years’ experience in emerging markets.
“Source focuses on identifying investors’ needs and then searching for ‘best in class’ solutions to meet those needs,” explained Michael John Lytle, Chief Development Officer at Source. ”Investors wanting to diversify and pick up additional yield are looking beyond developed markets. Ashmore is one of the very few managers solely dedicated to Emerging Markets and with a very long and successful track
