Latest News
Pemberton, an alternative credit specialist, has appointed Rob Reynolds to head its new Collateralised Loan Obligation (CLO) platform.
iCapital, a global fintech platform providing access and efficiency in alternative investing for the asset and wealth management industries, has acquired Bank of Singapore’s in-house private market feeder fund platform.
With the deal, iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities.
Following the close of the transaction, iCapital services approximately USD114 billion in global private assets, of which more than USD27 billion are from international investors (non-US Domestic), across more than 940 funds.
The deal builds on a long-standing partnership between the two companies. Bank of
Thetanuts Finance has closed an USD18 million seed round, led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto. The funding will finance the development of Thetanuts Finance’s structured products platform and user-friendly instruments in the crypto derivatives ecosystem.
Polygon Global Partners’ convertibles-focused unit has rebranded as Acasta Partners, and its flagship global long/short Polygon Convertible Opportunity strategy, led by CIO Mike Humphries, has been renamed Acasta Global.
The strategy was originally launched by Humphries in 2009 in the aftermath of the Global Financial Crisis, using in-depth research to construct a concentrated portfolio of positions aimed at generating returns in defensible niches throughout market cycles.
Today, it has some USD900 million in assets under management, with offices in London, New York, and Florida.
Performance data seen by Hedgeweek indicates the strategy has scored double-digit annual returns in eight of
Man Group has reported an increase in Assets under management (AUM) of 20 per cent to USD148.6 billion for the year ended 31 December.
Carey Olsen has added to its investment funds offering in Singapore with the addition of investment funds specialist Tom Katsaros.
Katsaros, who specialises in the establishment, structuring and maintenance of private equity funds and hedge funds, joins Carey Olsen after 14 years at Maples where he was most recently head of the firm’s funds and investment management team in Singapore.
In addition to acting for large financial institutions and investment funds sponsors, boutique and start-up investment managers, Katsaros also advises on all aspects of corporate and commercial law, including mergers and acquisitions, joint ventures and financing transactions.
The International Stock Exchange (TISE) has launched its new bespoke auction trading system, NOVA.
The first auctions on NOVA have now been held, with Ravenscroft (CI) Limited, a Trading Member of TISE, facilitating the order book entries for auctions in the TISE listed securities of 14 issuers.
The auction model is designed to benefit market participants through the concentration of liquidity into specific events. Auctions can be held at an issuer’s discretion, eg daily, weekly, monthly, providing maximum flexibility.
Transparency is provided to the market through full visibility of the order-book build with the TISE website displaying buy and sell
Investors pulled USD4.18 billion hedge funds in January, starting 2022 on a slight down note for the sector, according to the eVestment January 2022 Hedge Fund Asset Flows Report.
The outflows come on top of January 2022’s industry performance also being negative, at -1.74 per cent as reported by eVestment earlier this month. With both investor redemptions and performance declines in January, hedge fund industry AUM stood at USD3.570 trillion at the end of last month.
January outflow and performance figures might give investors and hedge fund professionals pause. But eVestment Global Head of Research and report author Peter Laurelli
Specialist UK bookseller Blackwell’s is to be acquired by funds advised by hedge fund Elliot Advisors according to a report by the Sovereign Wealth Fund Institute (SWFI).
RBC Global Asset Management and BlueBay Asset Management (BlueBay), have expanded their combined Business Development team with the appointment of Rami Salminen as Director, Business Development, reporting into Staffan Kampe, Head of Nordics.
Salminen will be based in Amsterdam and will cover the Nordic region as part of the wider European team.
The appointment of Salminen follows several other appointments in Europe in recent months, reinforcing the comany’s commitment to strengthening their presence on the continent. Salminen will support both BlueBay’s fixed income clients, as well as the equities clients of its parent company, RBC Global Asset Management.
