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DDJ Capital Management is forecasting increased risk in 2014 along with positive returns for investors in non-investment grade bonds and leveraged loans, which comprise the US leveraged credit market.
In 2013, US high yield bonds and leveraged loans were the two best-performing asset categories within the global credit markets, significantly outperforming other fixed income strategies, according to David Breazzano, DDJ's president and chief investment officer, in the firm's Leveraged Credit Review and Outlook: The Tale of the Taper.
"With an improving economy and very few potential catalysts for widespread corporate defaults, we think that investors will once again
The structural shift among investors toward greater asset allocation to alternative investments will benefit asset managers with expertise in alternative asset classes, according to Moody’s Investors Service.
A new report has found that well-established alternative asset managers with proven track records such as Blackstone, KKR, Oaktree and Carlyle will clearly benefit from this marked trend.
However, traditional asset managers that have begun building their capabilities in alternative assets, such as BlackRock (A1), Invesco Ltd. (A3), Clipper Acquisitions (Ba1), Neuberger Berman Group (Ba1), Franklin Resources (A1) and Legg Mason (Baa1), will also benefit.
Assets under management (AUM) will see
Broadridge Financial Solutions has appointed Bennett Egeth as president of its newly-expanded investment management business.
Building on Broadridge's 2011 acquisition of Paladyne Systems, this business offers investment managers, global banks, broker-dealers and fund administrators solutions for investment management, reference data and risk technology including enterprise-wide order management, portfolio management and reporting.
Paladyne Systems will become part of the Broadridge investment management business.
Egeth brings knowledge and expertise in helping global investment managers, asset servicing providers, banks and broker-dealers increase revenue and solve problems in complex operating environments.
"Over the last two years, Broadridge has reinforced its commitment
Macro headwinds permitting, 2014 is set to remain awash with liquidity and rampant primary markets will enable companies to refinance and private equity groups to extract more dividends and hit the acquisition trail again.
That is according to the 10th European Distressed Debt Outlook 2014.
In partnership with Rothschild and Bingham McCutchen (London), the study surveyed 100 European hedge fund managers, distressed debt investors and private equity professionals and provides insight into their expectations for the European distressed debt market in 2014 and beyond.
“The threat of an imminent Eurozone break-up that filled the headlines in 2011/2012 seems
Traiana has entered into a strategic alliance with Confisio Managed Services to provide a middleware trade reporting solution to Confisio clients in Cyprus ahead of the impending 12 February EMIR deadline.
Confisio and Traiana's TRConnect service is a middleware trade reporting solution to achieve accuracy and certainty of compliance for buy and sell side firms.
A delegated reporting infrastructure enables participants to keep trade repositories up to date across the trade lifecycle.
The solution is designed to automate the challenges around UTI sharing and LEI generation/tagging and delegated reporting for EMIR compliance.
“I am excited about this
S&P Dow Jones Indices has launched the S&P Emerging Markets Domestic Demand Index, which is designed to measure the performance of companies that capture a major engine of growth within the emerging markets – domestic demand.
To qualify for membership in the S&P Emerging Markets Domestic Demand Index, a stock must be a publicly traded company domiciled and incorporated in the following emerging market countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Thailand, or Turkey, and be listed on the primary stock exchange of its respective country.
Reuters reports that Segantii Capital Management, one of Asia's fastest growing hedge funds, has been hit by five recent resignations, people with knowledge of the matter told Reuters, after the firm saw its first annual loss.
Such an exodus is rare in the industry, and it marks a sharp u-turn for a fund that grew to manage about USD750 million from just USD25 million in 2007, making it one of the biggest capital raising successes in the region. The current staff turnover follows at least six departures last year that included its Chief Operating Officer Nigel Hellewell, who left just a
Reducing the UK’s national debt should be Chancellor George Osborne’s priority in 2014, according to a survey carried out by the Chartered Institute for Securities Investment (CISI).
Of 490 respondents, some 62 per cent believe that putting the country’s finances into better shape is the number one task for the Chancellor.
Of three other options offered in the online survey, 21 per cent feel that cutting taxes is his most important job, 12 per cent want him to increase public spending generally while five per cent favour more money being invested by the Government in pensions and the NHS.
Jersey’s position as the first “third country” to offer the option of a fully-compliant AIFMD regime is set to be highlighted at Jersey Finance’s annual funds conference in London this year.
Entitled Through the Looking Glass, the event will also highlight how a growing number of managers are considering relocating to Jersey while they assess the full impact of AIFMD.
To be held on 19 March at 8 Northumberland Avenue, the first London venue to have Musion 3D hologramming, the half-day conference will feature Gillian Tett as the keynote speaker and panel moderator. Tett is a British author and
Custom House Global Fund Services, a provider of financial services to the alternative investment sector, has opened a San Francisco office as part of its continuing expansion in the US.
Financial services veteran Gary Smith has joined Custom House as a commercial director and is responsible for continuing Custom House growth ambitions on the West Coast, opening a San Francisco office, and ongoing business development.
He will report to Scott Price, head of aales for the Americas, who is located in the company’s US headquarters in Chicago.
“Our expansion to the West Coast is part of Custom House’s
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