Latest News
Apex Group Ltd (Apex), a global financial services provider, has closed the acquisition of BEST Alternative Advisory Services (BEST), an India-based, boutique and specialised financial services provider for global asset managers.
This acquisition adds assets under administration (AuA) of $30 billion to the Apex Group, and an additional 35 employees based in Mumbai, India. BEST will now rebrand and operate under the Apex Group name, supporting managers across asset classes with a wide range of specialised services including risk management, investment operations, compliance, tax, client reporting and bespoke solutions tailored to each client.
Spectrum Markets, a pan-European trading venue for securitised derivatives, has released its first Quarterly Business Update of the year, revealing that trading volume grew by 44% year-on-year.
Some 300 million securitised derivatives were traded on the exchange from January to March, compared to 207 million during the same period the previous year, underlining the firm’s continued strong growth.
Spectrum Markets also reported on the total value of turnover, which hit €771 million for the first quarter, an increase of 188% on Q1 2021. Daily trading volumes have continued to increase steadily during the period, hitting a new daily high
AXA IM Alts, a specialist in alternative investments with c €183 billion ($202 billion) of assets under management, has appointed Stephan Ackermann to the newly created role of head of client group, North America.
This strategic appointment forms part of AXA IM Alts’ ongoing expansion of its international platform, allowing it to better serve its global client base and achieve its significant growth ambitions in the Americas region and in the US in particular.
Ackermann, who was most recently head of client capital group Asia Pacific & US at AXA IM Alts, has relocated to New York to lead
With the most severe obstacles to businesses imposed by the pandemic beginning to ease, both hedge fund investors and managers showed marked signs of confidence in alternative investments in 2021, according to The Seward & Kissel New Hedge Fund Study, an annual study of newly launched hedge funds.
Stock picking is the dominant source of alpha in almost 90% of institutional portfolios, new analysis from Inalytics, a specialist in identifying investment skill, has found.
Based on analysis of more than 750 equity mandates managed on behalf of pension schemes and institutional investors globally, Inalytics found that 88% of portfolios generated positive alpha from research – the process of investigating stock opportunities and adding winning positions.
With the analysis also showing that research is the overwhelming source of excess returns, the study suggests that asset owners conducting due diligence on fund managers should subject their research capabilities to
Intercontinental Exchange, a global provider of data, technology and market infrastructure, has launched a data solution for the European Union Sustainable Finance Disclosure Regulation (EU SFDR).
By requiring more transparency and standardisation in the products offered by asset managers, the EU SFDR is designed to help investors compare among the growing number of investments with sustainable objectives. To achieve this goal, the EU SFDR requires financial market participants and financial advisors, at the firm-level and product-level, to identify and disclose sustainable impacts and whether and how each financial product considers enumerated Principal Adverse Impacts (PAIs), as defined in the Technical
As the hedge fund industry expands into newer markets and asset classes, smaller prime brokers can carve out boutique offerings in niche and specialist areas – but scalability challenges remain.
Activist alternative investment firm Blackwells Capital and a significant shareholder of Peloton Interactive, has published a presentation highlighting the failure of Peloton’s new CEO to galvanise shareholder support, and addressing the ‘severe and lingering governance issues facing the Company’.
In the presentation, Blackwells also describes a re-imagined Peloton – a leader in a new category of “Fitness as a Service” providers – that is high growth, high margin and asset light.
Blackwells notes that achieving the transition to this optimal business model while remaining public is fraught with challenges, but the company believes that several strategic buyers would be willing
Equity neutral hedge funds provide their ability to weather economic headwinds in Q1 with the HFRI EH: Equity Market Neutral index posting a 0.4% return for the first quarter, according to a report by Pensions & Investments.
Christopher Venezia, a former partner of marketing and investor relations at Glenview Capital Management has been appointed as head of business development at long/short equity hedge fund manager Senvest Management, according to a report by AlphaWeek.
