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Jonathan Flitt, Global Head of Alternative Investment Solutions at Clearwater Analytics, examines why the SEC is introducing new disclosure requirements, as well as how it will affect what, and when, firms report to regulators.
Inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with aggregate returns coming in at -1.89 per cent for the first month of the year, according to eVestment’s January 2022 hedge fund performance data.
The hedge fund industry ended 2021 at +9.87 per cent and January’s return is the lowest start to the year since 2016, according to eVestment Global Head of Research Peter Laurelli.
“Of course, how the year starts has historically not been reflective of its ultimate outcome,” Laurelli notes. “Despite its rocky start
London CIV has launched an Alternative Credit Fund sub-fund with three seed investors and initial assets under management (AuM) totalling GBP398 million.
The sub-fund’s objective is to seek a return of SONIA +4.5 per cent, net of fees, which it is expected to achieve by investing in securitised assets, loans, high yield corporate bonds, and convertible bonds and, in addition, investment grade corporate and government bonds. The sub-fund will seek exposure to these assets either indirectly or directly.
Indirect exposure to these assets will be accomplished by investing the sub-fund solely in the CQS Credit Multi-Asset Fund, an alternative investment
Okolita’s role will see him lead the firm’s global outsourced business services arm as part of IQ-EQ’s growth strategy.
IQ-EQ, a service provider to the global community of alternative asset managers, has named Matt Okolita as Global Head of Outsourced Business Services.
In the US, the world’s largest and fastest growing market, IQ-EQ operates across seven states and employs over 550 people with plans to significantly grow this number in 2022 thanks to continued strong business growth.
Okolita previously led Greyline Partners (Greyline), a regulatory, compliance and governance consultancy which was acquired by IQ-EQ in November 2021. In this
BVNK its clients the ability to allocate cryptocurrencies to earn yield, benefiting from the underlying technology of ClearLoop, Copper’s unique instant settlement trading network.
Through the BVNK banking platform, clients can bridge between fiat currencies and digital assets to manage payments, yield, trading and custody.
With deposits starting at a minimum of USD50,000, BVNK’s flagship Yield service enables businesses to generate returns that typically range between 4 per cent and 8 per cent APY in USD Coin (USDC) and Tether (USDT). BVNK Yield is delivered via the largest and best-positioned institutional lending desks in the industry and entails no direct
BNP Paribas has launched Bridge by BNP Paribas, a digital capital introduction platform, offered exclusively to institutional investors and hedge fund clients serviced by the bank’s Prime Services business.
Only seven of the 28 largest Chinese quant hedge fund managers – those managing more than CNY10 billion – generated positive returns in the last quarter of 2021, according to a report in The Wall Street Journal.
High-Flyer Quant took the biggest hit losing an average of more than 11 per cent across its funds and made a public apology to investors as a result, citing problems with its algorithms and rapid industry growth for the setback.
By comparison, seven of the 28 generated cumulative returns of more than 100 per cent over the past three years according to fund
Squarepoint Capital (Squarepoint), an established global investment firm that manages a diversified portfolio of systematic and quantitative strategies, has entered into a seed investment transaction with Decagon Asset Management (DAM), a specialised alternative asset manager focused on global risk arbitrage opportunities, whereby Squarepoint is committing long-term seed capital to DAM.
Apex Group has acquired BEST Alternative Advisory Services (BEST), an India-based, specialised financial services provider.
The acquisition of BEST will add assets under administration (AuA) of USD30 billionn to the Apex Group, and an additional 35 employees based in Mumbai. BEST delivers fund services tailored to both open and closed-ended fund client profiles including Private Equity, Fund of Funds, Mutual Funds, Managed Accounts and Hedge Funds.
The addition of BEST will support current and future Apex clients looking to enter the Indian market, and for Indian domiciled funds to operate and invest internationally.
Terms of the transaction are
The Securities and Exchange Commission has voted to propose new rules and amendments under the Investment Advisers Act of 1940 (Advisers Act) to enhance the regulation of private fund advisers and to “protect private fund investors by increasing transparency, competition, and efficiency in the USD18-trillion marketplace”.
