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Richard Gwilliam (pictured), Head of Property Research at PRUPIM offers his outlook for global real estate…
Europe – Growth is expected to remain weak into 2013. The weakness of the economy is continuing to affect property markets, with rents largely staying flat in core countries, whilst selected peripheral economies record further falls. However, in the retail sector, rental growth is being recorded in some markets, largely restricted to the most prime locations in core markets.
Further yield compression has been seen in some of the German and Nordic core markets on prime property, as investors continue to look for
Interactive Data is to provide a full suite of services to trueEX, the first interest rate swaps exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM).
Interactive Data is providing trueEX with low-latency hosted services through its 7ticks platform.
These services will include monitoring and support for the trueEX matching engine and network architecture, along with connectivity to leading global exchanges such as the CME and the ICE via the 7ticks network for post trade execution clearing solutions.
trueEX market participants will be enabled to access financial exchange matching engines from anywhere on the
International asset manager Threadneedle Investments (Threadneedle) has launched the Columbia Threadneedle SICAV-SIF Absolute Commodities Fund. It will aim to target a 10-15% return on an annualised basis, net of fees, on a long term investment horizon.
This Non-UCITS fund is being launched in response to client appetite for an actively managed absolute return product, which capitalises on the investment approach of Threadneedle’s Commodities team.
Threadneedle launched its first commodities strategy in 2010 and currently manages in excess of USD1bn¹ .The Columbia Threadneedle SICAV-SIF Absolute Commodities Fund will be managed by Nicolas Robin, who joined Threadneedle in 2010 and has
Darian Capital Services has launched two services to address impending US and European regulations that will change the way hedge and private equity funds are marketed.
In the US, such "private" funds have been barred from "general solicitations" or any wide-net advertising. Some interpretations of this bar have meant hiding even basic fund information and performance from the public.
Enacted last year, the JOBS Act eliminated this restriction, soon permitting "private" funds to advertise like mutual funds, which have used television and web advertising to increase assets. According to a 2013 Deloitte report, this will likely significantly "reshape the way
By Richard Cassell and Kristin Konschnik, partners, Withers – The US Treasury Department has now released the long-anticipated final FATCA regulations (the ‘Regulations’), which build upon the foundation of the proposed regulations but contain some significant additions and modifications.
Non-US financial institutions and non-financial entities that have been waiting for the release of the Regulations before embarking in earnest on their FATCA compliance projects should now finally have enough information to begin preparing for this new US regime. Non-US financial institutions and non-financial entities, including banks, funds, trust companies, trusts, and charities should begin their preparations as soon as possible,
Mark DeNatale and Scott Bynum have joined CVC Credit Partners as partner, senior portfolio manager and global head of trading, and managing director and portfolio manager, respectively.
DeNatale spent 17 years at Goldman Sachs where he was a managing director and head of loan trading, managing risk across distressed, stressed and performing credit. He actively invested and traded across the capital structure including loans, bonds, equities and derivatives. He was also instrumental in developing a European loan trading platformme.
Bynum spent seven years at Goldman Sachs where he was a vice president in the bank loan distressed investing business. In
Citi Capital Advisors (CCA), a global alternative asset management platform, has made significant progress towards the separation of certain of its businesses from Citigroup.
The new independent asset management firm will be called Napier Park Global Capital.
Material regulatory approvals have already been obtained and the investor and counterparty consent process is nearly complete. Once the separation is completed during the first quarter of 2013, Napier Park Global Capital will be majority owned by its employees and have a diversified product mix including hedge funds, bespoke client solutions, collateralised loan obligations (CLOs) and private investing. Napier Park is expected to
The Asian hedge fund industry posted strong gains to conclude 2012, led by hedge funds investing in China, India and Japan, as capital invested in the Asian hedge fund industry increased by 7.5 per cent for 2012, according to the latest HFR Asian Hedge Fund Industry Report.
Total hedge fund capital invested in the Asian hedge fund industry increased to USD88.25bn (JPY8.17trn, RMB555bn), the highest level since 2007, prior to the financial crisis.
Total capital increased by USD3.9bn in 4Q12 on a net new inflow of USD1.17bn concentrated in emerging Asia. Total capital invested in the hedge fund industry globally
Four of the seven IQ Hedge family of investable hedge fund replication indices recorded positive returns in January, according to data released by IndexIQ.
The IQ Hedge Long/Short Beta Index was the top performer, returning 1.77 per cent, followed by Fixed Income Arbitrage (0.45 per cent), Market Neutral Beta (0.35 per cent) and Hedge Composite Beta (0.10 per cent).
Of the three indexes in negative territory for the month, the IQ Hedge Global Macro Beta Index was down 1.77 per cent, while Emerging Markets Beta was down 0.68 per cent and Event-Driven Beta down 0.09 per cent.
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A forensic examination of performance, by strategy type, shows that 2012 was a hugely successful year for many hedge fund managers, says Stefan Kellar (pictured), Head of MAP Research at Lyxor Asset Management.
Speaking with Hedgeweek at the Lyxor 5th Annual Hedge Fund Research Conference in Paris, Keller said that apart from CTA performance, which proved a drag, overall hedge fund performance was good and to suggest that hedge funds didn’t deliver is “simply wrong”.
“Virtually every strategy was up last year apart from CTAs, and some strategies did exceptionally well: long/short credit was up 12.14 per cent on the
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