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Balyasny Asset Management has expanded its number of partners for only the third time in the $17 billion hedge fund firm’s history with seven promotions, according to a report by Business Insider.
Alan Howard, co-founder of Brevan Howard Asset Management, has seen his pay jump by 46% compared to the previous tax year to £82 million despite a 20% drop in profits at the London-based hedge fund firm to £105 million, according to a report by the Guardian.
Oil trader Pierre Andurand’s main Andurand Commodities Discretionary Enhanced hedge fund was down 19% last week as oil prices fell below $74 a barrel in New York on the back of global recession fears, according to a report by Bloomberg.
The report cites an investor letter as revealing the slump at the fund which was one of the’s best performing hedge funds in recent years with gains of 154%, 87% and 59% in 2020, 2021, and 2022, respectively. At one pint last year, the fund was up by as much as 160% before giving up some of its gains in
Elliott Investment Management, the activist hedge fund firm run by Paul Singer, has built a sizeable holding in utility owner PPL Corp and is helping to shape the company’s new business plan, according to a report by Bloomberg.
Apex Group Ltd, a global financial services provider, has acquired Pacific Fund Systems, a global fund administration software business serving open and closed ended traditional and alternative funds, including hedge funds and private equity investment vehicles, from co-founders and Pollen Street Capital.
Options Technology, a capital markets services provider, has partnered with Tools for Brokers following a successful integration with recently acquired ACTIV Financial’s ACTIV application programming interface (API).
It’s nearly a year since the ICARA regime was first introduced in the UK by the FCA, replacing the ICAAP framework that was part of the previous prudential regime.
With the increasing popularity of alternative investments, in particular in the areas of private equity, private debt and real estate, we have witnessed that there is more demand in realising such investments via Luxembourg alternative investment fund structures (the “AIFs”) by international eligible investors. In the EU, AIFs were introduced by the Alternative Investment Fund Manager Directive (Directive 2011/61/EU, the “AIFM Directive”), which regulates managers of funds other than those under the Undertakings for Collective Investments in Transferable Securities Directive (Directive 2009/65/EC).
The alternative investment industry is developing new ways of sharing data across the whole value chain – from portfolio companies and holdings to funds and investors – and from asset servicers to asset managers and asset owners. Luxembourg, as a fund domicile, has been building its niche of expertise in this space and evolving to better serve the whole eco-system as the appeal of particular asset classes continues to grow.
Luxembourg’s alternative investment fund sector has grown significantly, with fund numbers rising from 4,568 in 2018 to 6,932 in 2021. More specifically, the private debt and real estate segments have experienced upticks in light of growing investor appetite for these assets, driven by the current market turbulence and uncertain environment.
