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Steven O’Hanlon, Head of Fixed Income at ACPI Investment Managers comments on the latest RBI figures…
The Reserve Bank of India (RBI) is to tighten domestic market liquidity through various measures including capping the amount of liquidity available at the repo rate, and conducting open market operations.
The upshot of this is higher rates across the curve, with the view to attracting flows into the bond market and the banking system. Rising Indian interest rates can potentially attract more money into the Indian bond market, whilst simultaneously increasing the cost of ‘shorting’ the Indian rupee, thereby discouraging speculative selling.
Investcorp’s US-based hedge fund business and Kortright Capital Partners, a New York-based investment manager led by co-founders Matthew Taylor and Ty Popplewell, have formed a strategic partnership to provide Kortright stable growth capital while offering Investcorp and its investors access to a specialised event equity strategy.
Founded in 2010, Kortright is the newest asset manager to join Investcorp’s Single Manager Platform, which has a total of USD2bn in client and proprietary assets under management. Historically, Investcorp provides initial seed capital ranging from USD50m to USD100m.
Kortright focuses on the equities of small and mid-cap companies at complex points in
Nearly two out of three (65 per cent) of UK pension fund professionals say they will retain or increase their current exposure to fixed income over the next three years despite uncertainty about the prospects for the asset class, according to research by independent alternative asset managers Aquila Capital.
The research shows 34 per cent of pension fund professionals plan to increase moderately their exposure to fixed income and 31 per cent intend to retain it at current levels over the next three years. Only 26 per cent say they are likely to decrease it, with 20 per cent intending
James Clunie will be appointed manager of the Jupiter Absolute Return Fund with effect from 1 September 2013.
Clunie (pictured), who joined Jupiter on 15 July 2013, will take over the GBP482m fund from Philip Gibbs, who will be retiring from fund management in October 2014.
In his 24 year career in investment management, Clunie has developed a strong reputation for managing absolute return strategies. As manager of the equity long/short SWIP UK Flexible Strategy Fund, he delivered attractive risk adjusted returns of 23.1 per cent during the three years to 22 April 2013 against 2.4 per cent
Income Partners Asset Management (HK) Limited, one of Asia’s longest standing Asian fixed income/credit specialist managers, has appointed Shen Tan as managing director, head of client relationship management.
Emil Nguy, chief investment officer, and Francis Tjia, chief executive, who co-founded Income Partners in 1993, say: “We are pleased to have Shen join and lead the firm’s client relationship efforts. The next stage of our growth strategy is to establish a strong footprint with institutional investors globally. We have been managing Asian fixed income portfolios for over 20 years, and both of us agreed we need to continue to focus on
Carey Olsen’s corporate team has been involved in an energy fund launch which is believed to be one of the largest fundraising by a start-up in recent years.
Corporate partner Andrew Boyce (pictured) and senior associate (now partner) David Crosland worked with Blue Water Energy throughout the project advising on all Guernsey aspects of the structuring, establishment and closing of this Guernsey closed-ended fund.
Its first closing in September 2012 was oversubscribed and it closed at its hard cap in May 2013 raising USD861m.
The Blue Water Energy Fund will invest in transactions across the global energy
S&P Capital IQ, a provider of multi-asset class research, data and analytics, has entered into a long-term, strategic agreement with Tullett Prebon Information (TPI), part of Tullett Prebon, one of the world’s largest inter-dealer brokers.
The deal covers broad use rights across all business units and divisions of S&P Capital IQ’s parent company, McGraw Hill Financial (MHFI), including S&P Capital IQ, Standard & Poor’s Ratings Services, S&P Dow Jones Indices and Platts. The terms provide for expansive use and redistribution of TPI data by MHFI companies.
Historically, TPI has been a provider of OTC inter-dealer broker data to S&P
Cognios Capital, a private independent investment management firm, has appointed Francisco J Bido as head of quantitative research and portfolio manager.
Through extensive research and analysis of risk-adjusted strategies, Bido will strengthen Cognios Capital’s proprietary ROTA/ROME valuation approach and investment strategies.
“Francisco has a long history of quantitative excellence that will be instrumental in advancing our risk management discipline,” says John Brandmeyer, chief executive officer of Cognios Capital. “His expertise in computational finance and econometrics, coupled with his experience implementing and monitoring quantitative investment strategies and risk management models will prove invaluable as we continue to grow our asset
Tyler Page, global head of business development for Guggenheim Fund Solutions, has become Guggenheim Partners’ head of hedge fund solutions for Europe based in London.
Prior to this appointment as head of hedge fund solutions for Europe, Page led marketing efforts resulting in several billion dollars of commitments to the Guggenheim hedge fund managed account platform.
"We are growing our business rapidly throughout Europe as institutional investors seek to improve the quality and transparency of the hedge fund reporting they receive, address a shifting regulatory environment and improve their own risk management," says Page.
"European institutions have
Highland Capital Management, a provider of registered alternative investments, has hired six regional sales directors in the Pacific Northwest, Florida, North Texas, Long Island, the Midwest and Southeast, and expanded its sales team at its home office in Dallas.
Anthony Wilson (San Francisco), Derek Andersen (Florida), Kevin Wentworth (Texas), Joseph Kearney (Long Island), Chris Shahda (Atlanta) and Tom Antonovich (Minneapolis) join a growing team of sales professionals.
Highland expects to continue its expansion to a total of 30 sales professionals over the next year and has additional plans to add a director of marketing later this year.
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