Latest News
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.
T Rowe Price Group is to acquire alternative credit manager purchase Oak Hill Advisors and certain other entities that have common ownership for a purchase price of up to approximately USD4.2 billion.
USD3.3 billion is payable at closing, approximately 74 per cent in cash and 26 per cent in T Rowe Price common stock, and up to an additional USD900 million in cash upon the achievement of certain business milestones beginning in 2025.
The purchase price includes the retirement of OHA debt outstanding at closing. Excluding amortisation of intangibles and the expense impact of the earn-out, the transaction is expected
Dimensional Fund Advisors has appointed Jim Whittington as Head of Responsible Investment.
Joe Chi, who will retire at the end of the year. Additionally, the firm named Lacey Huebel as Head of Responsible Investment, North America. Both appointments are effective 1 November.
Whittington brings valuable experience to the role, having served as a Senior Portfolio Manager and Vice President in the firm’s London Office, in addition to his work as a member of Dimensional’s Investment Stewardship Committee. For years, he has been on the front lines of Dimensional’s Environmental, Social, and Governance (ESG) initiatives in Europe, the Middle East, and
VIA AM, a Paris-based asset manager specialised in systematic investment strategies, is supporting the Katingan Mentaya Project through the recently launched VIA Smart-Equity Europe Fund’s Carbon Neutral share classes.
The objective of these share classes is to compensate for greenhouse emissions associated with companies held in the portfolio, through carbon offsetting projects.
The Katingan Mentaya Project aims to protect and restore 157,875 hectares of peatland ecosystems on the island of Borneo in Indonesia, provide local communities with sustainable sources of income and ultimately fight against global climate change. This is the world’s largest emission reduction forest project of its
William Blair Investment Management (WBIM) has launched an Absolute Return Currency SICAV strategy, which maintains long and short exposures across a broad universe of currencies with a view to profit from FX movements.
Employing an actively managed approach, the Absolute Return Currency Fund will include exposures to more than 30 currencies from developed and developing economies.
The portfolio will be managed by WBIM’s Dynamic Allocation Strategies (DAS) team, overseen by Brian Singer, CFA, Partner, Portfolio Manager and Head of the DAS team, and Thomas Clarke, Partner and Portfolio Manager.
The Fund aims to act as a diversifying complement
