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Evanston Capital Management has launched the Evanston Alternative Opportunities Fund, a closed-end, non-exchange listed, management investment company registered under Investment Company Act of 1940.
The fund commenced operations on 1 July. The fund is available to US accredited investors, including ERISA accounts, has an initial minimum investment of USD50,000 and offers Form 1099 tax reporting.
Evanston Capital Management has historically offered private funds-of-hedge funds available solely to qualified purchasers. The fund is intended to complement these private vehicles and has a similar strategy to Evanston Capital Management’s flagship fund-of-hedge funds that was launched in 2002.
The fund seeks
New York-based IQ Financial Marketing Corp is offering hedge funds, private equity firms and other boutique asset managers a complimentary audit of their current marketing materials.
The offer, which applies to both start-ups and well-established firms, gives organisations an opportunity to have IQ’s senior marketing team view their current marketing materials, provide objective feedback, and recommend steps to make their marketing communications more competitive.
IQ’s principals Michael H Greenstein and Nancy J Dennis are long-time financial marketing consultants well versed in helping financial services firms achieve competitive advantages through branding, marketing strategies and communications.
“Our aim is to
Legal & General Investment Management (LGIM) has for the first time registered its SICAV funds for distribution in Germany.
The funds received their German registration on 3 July 2014.
“We are delighted that we are expanding in one of the most important investment markets in Europe,” says LGIM chief executive officer Mark Zinkula. “As client needs continue to change and evolve, we are confident that we can offer outstanding investment solutions to German investors.”
Marion Stommel-Hatzidimoulas, LGIM’s head of European distribution – active strategies, says: “The registration of our SICAV umbrella complements our already established product range in
There is an air of cautious optimism as market conditions improve, commission wallets nudge higher, assets return and volumes stabilise, according to research from TABB Group.
However, broker lists remain under pressure and the hunt for blocks of natural liquidity remains difficult.
TABB chief executive and founder Larry Tabb, who wrote part two of the firm’s annual US institutional equity trading benchmark study, says that despite recent gloomy news, the immediate outlook for the broker community is more bullish than in recent years.
“The TABB Equity Broker Index, monitoring whether we’re bullish or bearish on the US equity
Imatchative, founded and led by prime brokerage industry veteran Sam Hocking, has launched AltX, an online solution for ensuring institutional investors are connecting with the most appropriate hedge funds.
AltX is a cloud-based, two‐sided automated network that harnesses proprietary algorithms and embraces a behavioural finance methodology to optimise the search for compatibility among hedge funds with institutional investors.
The AltX online platform facilitates a more efficient and less expensive capital allocation process through a combination of Big Data, intelligent analytics and intuitive searches.
AltX also incorporates behavioural science to assess the risk tolerance, investment goals and preferences of
Singapore Exchange (SGX) has launched its liquidity hub at Hong Kong Exchanges and Clearing Limited’s (HKEx) data centre.
This initiative follows HKEx and SGX signing a memorandum of understanding in December 2013 to cooperate in several areas of common interest, including enhancing connectivity through points of presence in each other’s data centres.
SGX chief executive Magnus Böcker says: “We are pleased to move forward on our cooperation with HKEx. This is a first step towards even closer collaboration between the two exchanges. SGX’s customers in Hong Kong can now look forward to benefit from this liquidity hub as it
Central clearing significantly reduces systemic risk and their amplifying factors in financial markets, according to a white paper by Eurex Clearing, the central counterparty (CCP) of Deutsche Börse Group.
The paper, “How central counterparties strengthen the safety and integrity of financial markets”, says the regulatory agenda to broaden the use of CCP clearing together with high regulatory requirements makes financial markets more robust and transparent and benefits the wider economy.
In particular central clearing reduces risks in bilaterally negotiated products such as OTC derivatives and allows to mitigate systemic risks in these markets.
“The white paper shows the
The hedge fund industry took in USD16.9 billion (0.7 per cent of assets) in May, down slightly from USD19.1 billion (0.8 per cent of assets) in April, according to TrimTabs and BarclayHedge.
“Hedge funds raked in USD72.2 billion in the first five months of this year, the strongest January-May inflows since 2007,” says Sol Waksman, president and founder of BarclayHedge.
Industry assets climbed to a five-and-three-quarter year high of USD2.3 trillion in May, according to estimates based on data from 3,426 funds. Assets rose 18 per cent in the past 12 months but were down six per cent from
Private equity and alternative firms are moving down market to support the retail marketplace, according to research from analytics firm Cerulli Associates.
"Private investment managers, following in the tracks of hedge-fund-focused alternative firms and traditional long-only managers, are tapping the public markets," says Michele Giuditta, associate director at Cerulli. "Delivering illiquid private investments to the retail marketplace is challenging, as the typical buyout fund on average has a lifecycle of approximately 10 years."
Cerulli's latest annual report, Alternative Products and Strategies 2014: Identifying Opportunities in a Dynamic Investment Landscape, focuses on the US retail and institutional alternative product landscape,
Following the launch of its EUR275 million European senior debt fund in July 2013, Lyxor is launching a commingled European senior debt fund, the Lyxor European Senior Debt Fund.
The fund, which is open to subscription by professional investors for a period of 12 months from 30 June 2014, is an AIFMD-compliant fund (SICAV-SIF) domiciled in Luxembourg.
The fund invests mainly in floating rate senior secured loans issued by European companies to finance acquisitions and corporate growth. The fund will provide investors with exposure to a market that is characterised by increasing loan issuance numbers so far this year
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