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Asset Risk Consultants (ARC) has appointed Paul Meader, an experienced portfolio manager, to launch the firm’s new fund solutions division.
ARC has been providing risk management reporting to trustees and institutions for almost 20 years and the appointment of Meader (pictured) strengthens the company’s offering in the funds sector.
Changes to international regulations, such as the EU Alternative Investment Fund Managers Directive (AIFMD), have heightened the need for sophisticated and independent analytics of investment performance.
Meader says: “The increasing requirements of governance and regulators on funds and their boards highlight the need to provide insightful and independent
Citi has been awarded a new mandate to provide hedge fund administration services to NWI Management, a New York-based investment adviser.
The mandate covers private investment funds totalling over USD3.1bn in assets as of 1 May 2013.
NWI managed a total of over USD4.2bn in assets as of 1 May 2013 for funds and accounts that generally follow discretionary global macro strategies with a focus on emerging markets.
“Citi’s fund administration solution offers a compelling depth and breadth of capabilities that make Citi an industry leader,” says Hari Hariharan, chief executive and chairman of NWI. “Furthermore, Citi
BlueBay Asset Management, a specialist manager of fixed income and alternative investments, has held the final close of the BlueBay Direct Lending Fund.
The fund has raised over EUR800m of commitments from institutional investors including pension funds, insurance companies and family offices.
The fund will make investments of EUR20m to EUR100m in size to UK and Northern European mid-market companies with an emphasis on targeting high-quality businesses with an enterprise value of less than EUR500m. The fund aims to provide primarily senior and subordinated loans for acquisitions, capital growth, restructuring and liquidity situations. To date over 20 per
Eric Gordon (pictured), Energy Analyst at Brown Advisory on what the UK can learn from the US to successfully implement fracking to build energy reserves and cut costs…
In the US, fracking technology has revolutionised the energy market where it has seen a stunning surge in the volume of oil produced in the last three years to the point where it is remarkably accounting for the majority of global oil production growth. The process has caused much controversy and debate over its environmental and economic impact. However, in the US, fracking remains regulated by individual states rather than the federal
ING Investment Management says that with government bonds yielding 1.5%, institutional funds are increasingly looking for alternatives that manage volatility while returning upwards of 3%…
Tim Dowling (pictured), Head of the Credit Boutique at ING Investment Management, says: “On the institutional side, portfolios have traditionally been built around a starting point of government bonds. But for pension funds and insurance companies investing your money in 1.5% yielding bonds is not really attractive. An insurance company’s business model cannot be run on that low a return and it needs to invest in assets yielding between 3-5%. Not only that, they are
BNP Paribas Securities Services has appointed Annalisa Winge Bicknell to regional head of sales and relationship management for institutional clients, reinforcing its ambition to grow in the asset manager and asset owner segment of the market.
James McAleenan, head of BNP Paribas Securities Services UK, says: “Annalisa has a truly deep understanding of the asset management industry and a wealth of knowledge in terms of client development and relationship building. She will be key to boosting our asset owner and asset manager division in the UK, Middle East and South Africa, and we are delighted to have her on
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished April up 1.39 per cent, with nine out of 10 strategies in positive territory. In total, the industry saw estimated inflows of approximately USD3.36bn in April, bringing overall assets under management for the industry to approximately USD1.85trn.
The equity market neutral and fixed income arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in April equal to 1.40 per cent and 1.22 per cent of the March 2013 levels, respectively.
Event driven funds sustained overall positive performance in April against the backdrop of
Morgan Creek Capital Management is to acquire the alternative funds business of Signet Capital Management, a European-based institutional fixed income investment firm.
Signet’s alternative funds business has approximately USD700m in assets under management.
Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek’s platform, where it will apply its global fixed income experience for the benefit of Morgan Creek clients. Robert Marquardt founded Signet, which is well known in the European institutional investor community, in 1993.
The current senior management team at Signet – including Marquardt and chief executive and co-head of investment management
100 Women in Hedge Funds (100WHF), Pacific Alternative Asset Management Company (PAAMCO), and the Chartered Alternative Investment Analyst (CAIA) Foundation have announced the 10 recipients of the third annual 100WHF/CAIA Scholarships.
Administered by the CAIA Foundation and underwritten by PAAMCO, the scholarship programme was established in collaboration with the 100WHF Institute to support women seeking to earn the CAIA Charter, the designation in alternative investment education.
Each scholarship covers enrollment and registration fees for CAIA Level I and Level II exams, the CAIA Knowledge Series textbooks, the Schweser CAIA Level I Premium Instruction Study Solution, and a one-year
Eleven out of 13 of the EDHEC-Risk Alternative Indexes recorded positive returns in April. Equity-focused strategies all exhibited returns consistent with their modelled exposure which has been rather low lately, with a slightly negative implied alpha however: long/short equity (0.65 per cent), equity market neutral (0.00 per cent) and event driven (0.82 per cent).
The convertible arbitrage strategy (0.54 per cent) maintained its positive trend but did not show the usual alpha in addition to its risk factor exposures. CTA global (2.08 per cent) was the best performing strategy this month.
The funds of funds strategy, with a 0.70 per cent
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