Latest News
With increasing investor appetite for private real estate resulting in improved fundraising, Preqin compares fund managers’ and investors’ views on current market conditions.
Investor Appetite
Recent years have seen institutional investor appetite for private real estate investment fluctuate, with many remaining cautious of placing new capital in the asset class due to an uncertain market. However, the last 12 months have seen considerable improvements in private real estate fundraising, with a total of $43bn raised from funds reaching a final close in H1 2014, a 30% increase from the $33bn raised by funds closed in H1 2013. This improvement has
Hedge fund advisory firm Gallatin Advisers has changed its name to PivotalPath (Americas) LLC and appointed Jonathan Caplis as its chief operating officer.
The firm says the PivotalPath brand better reflects the growth and institutionalism of its business.
Caplis will spearhead the further development of innovative solutions, providing clients the decision advantage they need to confidently navigate the often opaque hedge fund arena.
“We are extremely pleased to appoint Jon as COO to deliver on our mission to provide independent, informative, and cost-effective hedge fund research to our expanding client base,” says Viktor Ula, CEO of PivotalPath.
International resource and emerging markets focused advisory firm Strand Partners is re-launching with a new brand, Hannam and Partners.
Broadridge Financial Solutions has launched Broadridge Investment Management Solutions (IMS) Performance Reporting, exclusively designed for institutional asset managers.
Asset managers can have access to performance and attribution as part of an integrated suite that includes order management, portfolio management, risk reporting and a data warehouse.
Broadridge Performance Reporting allows investment managers to receive daily performance calculations that are customisable to their needs. Powered by BI-SAM's B-One performance calculation engine and underpinned by Broadridge's investment management technology, the solution provides complete performance reporting and absolute attribution analysis across multiple asset classes and dimensions of the business, including true time-weighted returns
Solactive AG has launched the Solactive Hedge Fund Holdings US Index, which will be used as underlying by Société Générale Corporate & Investment Banking for swaps, options and certificates.
The goal of the Solactive Hedge Fund Holdings US Index is to provide an exposure to the performance of a basket of stocks representative of the US listed equity holdings made by hedge funds.
The index is composed of a basket of stocks listed on a US regulated exchange and invested by hedge funds, according to 13F Filings — publically available documents that all hedge funds with more than USD
Deutsche Bank has secured a fund services mandate from TIAA-CREF, one of the largest retirement systems in the US with approximately USD613 billion of assets under management.
Deutsche Bank Alternative Fund Services was selected to provide fund administration services for various TIAA-CREF Asset Management alternative investment products.
“We selected Deutsche Bank for their superior client service, specialised knowledge, and experience servicing illiquid alternative investments,” says Jeffrey Barnett, head of alternative investment product management at TIAA-CREF.
“Deutsche Bank is proud to partner with TIAA-CREF on innovative alternative investment solutions,” says Tim Fitzgerald, global head of alternative fund services, global
HSBC has appointed Tony McDonnell as managing director for HSBC Securities Services (Ireland) Limited (HSSI).
McDonnell will be responsible for running the HSS operation in Ireland and growing its book of business.
He will report to Arjun Bambawale, head of HSBC Securities Services, Europe.
McDonnell was previously regional head of asset managers – Europe and North America, sales and business development, HSBC Securities Services where he developed and implemented sector strategy and plans for HSS across all products and solutions.
McDonnell joined HSBC Ireland in 2002, becoming head of business development for HSSI in 2007, before taking
Man Group has completed the acquisition of Numeric Holdings, a privately-owned, Boston-based quantitative equity manager with USD14.7 billion of funds under management.
Manny Roman, chief executive officer of Man, says: “We are delighted to announce the completion of the acquisition of Numeric, which has an impressive track record of performance, a strong US footprint and a talented management team. Numeric is very well positioned to benefit significantly from our scale and resources and I’m excited by the opportunities this acquisition brings for our investors and shareholders.”
The transaction will create a diversified, global quantitative investment platform represented by AHL
Technology spend, historically speaking, has never been top of a hedge fund manager’s wish list. There has been a touch of haughtiness, a feeling that technology providers are useful but not vital. But it’s fair to say that regulation is creating a shake-up among managers.
Whether its AIFMD or EMIR trade reporting in Europe, CPO-PQR and Form PF in the US, FATCA, today’s reality is that managers have to be more operationally robust and compliant than ever before. This has led to a big push in outsourcing middle and back office functionality to service providers as managers seek to reduce
Global funds transaction network Calastone has been listed at number 42 in the Sunday Times Hiscox Tech Track 100, published on 7 September.
The Hiscox Tech Track 100 league table ranks Britain's 100 private tech (TMT) companies with the fastest-growing sales over the latest three years.
Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an awards event in November and regional dinners throughout the year.
Julien Hammerson, CEO of Calastone, says: “We are honoured to have been listed in the Tech Track 100 ranking. As a technology firm, we are
Special Reports
FeatureD
- Insight
