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Ninety One has raised €130 million for the first close of the Ninety One European Credit Opportunities Fund I. Managed by co-portfolio managers Chris Rust and Lei Lei, the fund provides flexible private debt financing to medium sized performing borrowers across Europe.
Through a diverse portfolio of secured loans directly originated from mainly non-private equity owned “sponsorless” borrowers, the Fund aims to provide investors with a differentiated alternative credit product.
The Fund has received commitments from a broad range of high quality institutional and sophisticated private investors from the UK, Europe, Latin America, and South Africa. This is an
The drop in crypto markets earlier in 2022 may have alarmed some operators in the space, but others are taking this time to build on their offering and set their business up for the next wave of investment in digital assets.
Hedge fund investors are cutting their exposure to China assets, with funds focussed on investments in Greater China-seeing the biggest net outflows in at least 15 years, according to a report by Reuters.
The report cites Eurekahedge data for the first seven months of 2022 as revealing that during the January-July period, Greater China-focused hedge funds recorded outflows of $5.6 billion and inflows of $2.01 billion.
Year-to-date net outflows total $3.6 billion which is higher than any full-year outflows since the hedge fund database began compiling such data in 2008. By comparison, in 2021, Greater China-focused funds saw net inflows
The surge in global inflation, the strength of the US dollar and the war in Ukraine have all combined to create huge challenges for hedge funds focussed on investments in Eastern Europe, with returns expected to be their worst in eight years, according to a report by Reuters.
Davidson Kempner Capital Management (Davidson Kempner), a global investment management firm with more than $38 billion in assets under management, is partnering with CAIS, an alternative investment platform for independent financial advisors, to provide access to certain alternative investment strategies via the CAIS Platform, including multi-strategy and opportunistic.
The announcement coincides with public market assets generating some of the lowest annual performances for the 60/40 portfolio in the last 20 years.
With investors increasingly turning to alternatives to provide a strong hedge against inflation, which rose even further in August, a CAIS-led survey of financial professionals in 2022 found that
Billionaire hedge fund boss Ray Dalio believes Stock markets will plunge by 20% if the US Federal Reserve raises interest rates to 4.5% to tackle inflation, according to a report by Reuters.
The report cites a LinkedIn post in which the the Bridgewater Associates boss predicted a sharp fall in stock markets as the US Federal Reserve takes an aggressive approach to interest rate rises in a bid to control inflation.
Dalio’s comments came as the latest inflation data showed an unexpected increase in US consumer prices in August leading to the prospect of another interest rat hike nest week.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2022 measured 0.54%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile advanced 0.31% in September.
“SS&C GlobeOp’s Capital Movement Index for September 2022 rose 0.31%, reflecting positive net flows into funds,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The 0.31% gain represents a slightly lower increase than the 0.36% gain reported a year ago. However, it indicates investors continue to add to their hedge fund allocations during this period of heightened market volatility.”
Linedata, a global provider of asset management and credit technology, data, and services, has partnered with Liquid Mercury to providing global buy side asset managers with institutional grade access to crypto and digital asset order execution.
Linedata is leveraging Liquid Mercury’s order execution management system.
A recent report commissioned by Linedata highlighted a clear shift in traditional asset managers seeking more exposure to digital assets, following the lead of private equity, VC and alternative managers. Eighty three per cent agreed or strongly agreed that offering crypto assets is a competitive advantage and 68% agreed or strongly agreed on the
Broadridge Financial Solutions has formed a new partnership with Coinbase to offer interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions’ NYFIX order-routing network.
Coinbase Prime is a comprehensive solution that provides an advanced trading platform, secure custody and prime services to manage crypto assets in one place. Coinbase Prime not only offers aggregated access to the majority of the market’s crypto liquidity via a market-leading smart order router, but also provides full prime brokerage capabilities to the buy-side.
This integrated solution allows all NYFIX clients to route order flow to Coinbase Prime via FIX, an industry standard protocol.
VCP Apex, a global provider of financial, advisory, and capital raising services for corporate and fund manager clients, announces today three strategic hires in its New York and Hong Kong offices, as it continues to strengthen its global capabilities.
Jill Cohen joined in July as Managing Director and Head of the Americas, from Mercury Capital where she was a Partner. She has over 20 years of experience within the alternative asset management industry, having held senior positions at several firms, including Avenue Capital, Salient Partners, and MPM Capital. She was also head of Capital Introduction for the Americas at Citigroup.
