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Corporate credit specialist Muzinich & Co has launched an emerging market short duration corporate bond fund.
The Muzinich & Co Emerging Markets Short Duration Bond Fund, an Ireland-domiciled UCITS structure, will invest in a diversified portfolio of short duration investment grade and high yield corporate bonds from emerging markets-focused issuers.
The fund will focus on hard currency bonds and is managed by Warren Hyland and Christina Bastin.
“The potential returns from emerging markets are very compelling,” says George Muzinich, chief executive and founder of Muzinich & Co, “But due to the divergence of returns between countries and issuers,
Alternative asset manager The Carlyle Group has closed a USD415m collateralised loan obligation (CLO) fund, the firm's sixth new-issue CLO this year with four in the US and two in Europe.
Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Carlyle's third new-issue US CLO fund of 2013 closed in June at USD517m. With the close of the latest CLO, Carlyle has raised more than USD2.16bn in the US in 2013. Since the beginning of 2011 the firm has raised approximately USD5.86bn of CLOs globally including the
Evidence shows that Guernsey continues to meet the demands of both private equity managers and their investor base, writes Guernsey Finance chief executive Fiona Le Poidevin (pictured)…
Guernsey’s pedigree as a leading funds domicile relies on its ability to continually meet the demands of fund managers and their investor base. Figures to the end of June 2013 show that the value of funds under management and administration in Guernsey reached GBP286 billion (USD457 million; EUR338 million) – an increase of 5.6 per cent on a year previous – with private equity comprising more than GBP87 billion. Indeed, global private equity
Agecroft Partners is seeking to add a hedge fund to its manager line up during the first quarter of 2014 and is beginning a due diligence process by identifying mangers who meet the firm’s selection criteria.
The selection process includes sourcing initial candidates through referrals from investors and prime brokers, trade publications, direct contacts from hedge funds and screening multiple hedge fund databases. The universe of candidates will then be narrowed down through a combination of quantitative and qualitative screens.
Quantitative screens include AUM of at least USD75m invested in the strategy and risk adjusted performance near the top
All Lyxor Strategy Indices ended the month of October in positive territory, led by the CTA Long Term (+4.03 per cent), the L/S Equity Market Neutral (+1.77 per cent) and the L/S Equity Long Bias (+1.63 per cent).
The Lyxor Hedge Fund Index posted a positive performance of 1.58 per cent in October (+4.80 per cent YTD).
Hedge funds were helped by rising asset prices and delivered solid results. The Lyxor Hedge Fund Index was up 1.6 per cent in October, with all strategies generating positive results. Strategies exposed to equities performed the best. The median exposure to equities
Franklin Templeton Investments has appointed Peter Vincent as head of alternatives sales, Europe.
Reporting to Jamie Hammond, managing director, Europe, Vincent is responsible for new business development of the group’s alternative products in Europe. Based in London, he will work closely with the existing European distribution teams to support the growth of Franklin Templeton’s alternative products.
Prior to joining the group, Vincent worked at Fauchier Partners for seven years where he was responsible for institutional business development and client relations in the UK and Ireland. He also held previous roles at Swiss Re, UFJ International and Bankers Trust. Vincent brings with
As the hedge fund industry matures, managers who survived the financial crisis are now beginning to focus on growing beyond their original business models, according to EY’s seventh annual global hedge fund survey.
However, the survey – Exploring Pathways to Growth – shows that while managers want to grow their assets under management through new products and distribution channels, investors do not necessarily plan to increase allocations to hedge funds and are not interested in buying multiple products from one manager.
The 2013 global survey compares opinions from 100 hedge fund managers who collectively manage nearly USD850bn and 65
Neonet Securities and LiquidMetrix are to collaborate on the creation of an enhanced suite of trading algorithms.
This partnership will provide clients with the expertise in electronic trading of Neonet Securities coupled with the quantitative research and analysis of LiquidMetrix.
"Neonet's innovative electronic trading infrastructure and smart order routing technology will leverage the highly respected quantitative pre- and post-trade analysis models and the unique database of order book data from LiquidMetrix. We believe that this represents a fully differentiated offering for our clients, focused on delivering the highest quality of execution, combined with conflict-free interaction with liquidity,” says Tim Wildenberg,
Algomi, a provider of information-matching solutions to optimise fixed income liquidity, has appointed Neil Murray as head of European sales.
Murray will lead the growth of the Algomi European sales efforts, based in Algomi’s London office. He is a veteran of the credit trading industry, having worked for 13 years at various investment banks, and will focus on growing Algomi’s client base across the buy and sell-side.
Murray joins Algomi as the firm is rapidly expanding, against a backdrop of incoming regulation and changing market structure. Incoming regulations such as Basel III mean there are now much larger capital
FactRight has launched a secure online report centre to better serve the alternative investment due diligence community.
The password-protected site provides registered broker dealers and registered investment advisors with on-demand access to FactRight’s most popular offering and operational-level sponsor reports. The online system is configured for compatibility with both desktop and mobile devices.
“Financial firms across the country rely on our analytical, multidisciplinary approach that outlines the essential information and insight needed to drive good decision-making,” says Scott Smith, president and CEO. “The new FactRight Report Center provides registered broker dealers and registered investment advisors with easier, broader, and
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