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Third Eye Capital Management has launched the Third Eye Capital Alternative Credit Trust (the ACT Fund), an open-ended unincorporated investment trust established under the laws of the Province of Ontario.
The ACT Fund will be managed by Third Eye Capital with the principal investment objective to achieve superior risk-adjusted returns with minimal volatility and low correlation to most other asset classes through direct investments in private secured loans of primarily Canadian companies.
Third Eye Capital currently sub-advises the Third Eye Capital Credit Opportunities Fund in Luxembourg and the Sprott Private Credit Trust in Canada. Similar to these portfolios,
The proportion of UK-based investment professionals who believe that developed market equities are overvalued has doubled in the last 12 months, according to the CFA UK Valuations Index.
The most recent publication of the CFA Society of the UK’s quarterly survey shows that 47 per cent of respondents rate developed market equities as either overvalued or very overvalued, compared to 26 per cent in Q2 2012. At the same time the proportion of investors viewing the asset class as undervalued or very undervalued as fallen from 39 per cent in Q2 2012 to 22 per cent in Q2 2013.
Omgeo has appointed Jeannie Shanahan as its new managing director of governance, risk management and compliance (GRC).
In this role, Shanahan will focus on developing and implementing risk-based compliance programmes that support Omgeo’s ongoing commitment to providing services that reduce operational and counterparty risk and promote regulatory compliance.
Shanahan will lead Omgeo’s legal and regulatory compliance initiatives to ensure all Omgeo services promote compliance with anti-money laundering/OFAC mandates, insider trading, records retention and anti-bribery/corruption laws and regulation. She will additionally drive the organisation’s SSAE 16 compliance through control testing and reporting, validating the strength and effectiveness of Omgeo’s
Asset managers and investment specialists taking part in a Camradata roundtable believe that environmental, social and governance (ESG) analysis will be fully integrated into investment management by the end of the current decade.
While there were differences of opinion on what the mainstream would look like, there was broad acknowledgement that, currently, not enough time was given to ESG evaluation with many themes of sustainability taking decades to become meaningful.
Roundtable participants suggested that ESG metrics should not only be used for risk analysis but also be deployed to better identify investment opportunities. No longer should responsible investors
Sapient Global Markets has expanded its European footprint with the opening of a new office in Frankfurt, Germany.
The office will provide business and technology consulting for capital and commodity markets clients across the German speaking landscape in Europe.
Sapient Global Markets has tapped Robert Binder as managing director to help lead capital and commodity markets programmes and expansion in German speaking markets encompassing Germany, Austria and Switzerland.
“Sapient Global Markets strives to provide its global customer base with support wherever they conduct business,” says Chip Register, head of Sapient Global Markets. “Our continued investment in resources
Hedge funds took in a net USD430m (0.02 per cent of assets) in April, building on an inflow of USD817m in March, according to BarclayHedge and TrimTabs.
The results are based on data from 3,393 funds.
The industry delivered a return of 0.6 per cent in April, one-third of the S&P 500’s 1.8 per cent rise. The trend was similar over the past 12 months, when hedge funds earned 8.1 per cent and the S&P 500 rose 14.3 per cent.
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that stock-picking hedge fund managers performed well, just as they
Law firm Dechert’s financial services group has launched a web page that brings together a selection of resources designed to address issues concerning the EU Alternative Investment Fund Managers Directive (AIFMD).
Dechert believes that AIFMD represents the most significant EU regulation of the alternative investment funds industry in recent times, which will impact a wide range of asset managers, not just traditional hedge and private equity managers, whether they are based in the EU or outside.
Dechert’s new AIFM resources include the AIFM Matric, which explains marketing, management and implementation for EU and non-EU AIFMs and the AIFMD Marketing
After launching the Ashburton Africa Equity Opportunities fund last month, Jersey-based asset management firm Ashburton has rolled out its second UCITS fund reported Citywire Global this week. The Luxembourg-domiciled Ashburton Global New Energy fund will be managed by Richard Robinson, with Alan le Maistre acting as deputy manager. The fund will target long-term growth opportunities in companies operating in oil, gas, coal and renewable energy sources. Three quarters of its assets will be invested in listed companies with up to 10 per cent being allocated to unlisted companies. The fund is benchmarked against the MSCI Energy index.
UBS Global Asset
Ignis Asset Management’s Absolute Return Government Bond Fund has surpassed EUR1bn in assets under management.
The fund, which was launched on 31 March 2011, has experienced a steady growth in assets under management that can be broadly attributed to four key factors (i) consistent positive returns in both positive and negative market conditions (ii) the low level of risk taken to achieve its returns (iii) the fund’s low correlation to other assets, including government bonds (iv) strong demand from institutions who are increasingly concerned about the uncertain direction of markets, bond markets in particular.
In a little over
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2013 measured 0.77 per cent.
Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 1.17 per cent in June.
“Net inflows increased for the month of June, with subscriptions outpacing redemptions two to one," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the GlobeOp platform. This monthly net is divided by the total assets under administration
