Latest News
By Kristina West – Until five years ago, there were still some perceived benefits for firms to build an in-house management company (ManCo), in terms of control and the assumption that using a third party might be perceived differently by investors. But with these concerns largely allayed, the rise of the third-party ManCo – and, indeed, what has been termed the ‘Super ManCo’, a firm that supports both UCITS and AIFs – seems assured.
By Kristina West – The Association of the Luxembourg Fund Industry (ALFI), the industry body for promoting Luxembourg’s fund sector internationally, has witnessed the establishment and growth of ManCos across many years.
Similarweb, a digital intelligence company, has been named the Best Alternative Data Provider in the Hedgeweek Americas 2021 Awards. This is a first-time nomination and win for Similarweb, which earned the award for its Investor Intelligence service, launched in late 2018.
Preqin, a specialist in alternative assets data, tools, and insights, has appointed Christoph Knaack, currently the company’s Chief Strategy & Product Officer, as CEO as of 1 January, 2022.
Knaack will focus on leading Preqin through its next growth phase, as the company moves toward serving its customers through the entire private market investment lifecycle — from fundraising and investor relations to deal origination, due diligence and portfolio monitoring.
From 2022, Preqin’s founder and current CEO, Mark O’Hare, will continue his active involvement as a member of Preqin’s Board of Directors, and as the company’s principal shareholder, supporting Preqin’s executive
Absolute Investment Advisers (Absolute), a long-term client of the Apex Group (Apex), has closed its acquisition of Mohican Financial Management (Mohican).
Absolute is the fund adviser to the Absolute Convertible Arbitrage Fund (ARBIX) while Mohican Financial has been the Fund’s subadviser. The strategic transaction brings the two firms together.
Apex has worked with Absolute to support fund launches and provide ongoing fund services since its foundation in 2004. Absolute provides access to non-traditional investment strategies in mutual fund structures and continues to prove the value offered to investors by the asset class. In this case, the Absolute Convertible Arbitrage
Trading Technologies International, (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, is to be acquired by 7RIDGE, a specialised growth equity firm invested in transformative technologies.
7RIDGE will fuel Trading Technologies’ organic growth and enable the firm to make targeted strategic acquisitions in the future. Cboe Global Markets, Inc (Cboe: CBOE) and Singapore Exchange (SGX), who are among the limited partners of the fund managed by 7RIDGE, have voiced their support of the transaction. Terms of the transaction, expected to close before year-end subject to regulatory approvals, have not been disclosed.
7RIDGE’s acquisition of
Bitfinex, a digital token trading platform, has launched customisable trading templates, enabling each user to create their own unique trading experience.
Bitfinex customers can now tailor their trading portal according to their view on the market. Trading templates can be formulated to meet the specific requirements of a user, facilitating the execution of sophisticated trading strategies. Each user can choose between multiple widgets from a list of tools, including Trading Charts, Depth Charts and Bitfinex Pulse.
“We’re delighted to enable our growing user base to further tailor their trading experience according to their unique individual needs with these trading templates,”
ITERAM Capital SA, an independent Swiss alternative asset manager, has made two appointments to its alternative team.
ITERAM provides investors access to differentiated alternative investments with the potential to generate stable and consistent uncorrelated returns.
Manuel Garzelli, ITERAM’s CEO, says: “Moïra and Marouane will further enhance our alternative investment expertise and will be invaluable contributors to ITERAM’s growth ambition as well as serving our clients with best-in-class alternative investment solutions.”
Marouane Daho joined ITERAM Capital in August 2021 as investment and research analyst within the team that oversees investments across hedge funds, alternative UCITS and private markets. He is responsible
AFBI, a new quantitative multi-manager platform led by former Tudor and Millennium portfolio manager Pierre-Yves Guillo, has secured an anchor investment from alternative investment seeder New Holland Capital.
Established in May this year, AFBI looks to generate uncorrelated returns across a diverse set of liquid quant strategies, using alternative data, proprietary portfolio construction and robust risk management techniques.
Specifically, the Florida-based firm’s strategies include long/short equity investing around digital customer traffic, systematic investments in Chinese commodities futures, real-time mining of alternative datasets in regional macro markets globally, and short-horizon low-latency FX trading.
“New Holland Capital provided us with a sizeable
CTAs and trend-following hedge funds have strengthened their returns as October draws to a close, with recent gains pushing the sub-sector’s year-to-date returns further into double-digit territory.
