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Private equity firm Nile Capital Group Holdings has acquired a minority stake in hedge fund manager Welton Investment Partners, according to a report in Pensions & Investments.
Terms of the transaction, which was completed on 15 December, have not been disclosed.
Nile Capital specialises in taking general partners stakes in boutique, niche and diverse money managers, while Welton runs multi-strategy global macro and ESG strategies, as well as systematic trend-following funds for an institutional client base.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2021 measured 0.51 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined by 0.62 per cent in January.
“SS&C GlobeOp’s Capital Movement Index for January 2022 of -0.62 per cent should be viewed as a strong result in light of the seasonality of outflows, which tend to be relatively heavy in January. For example, on a year-over-year basis, the -0.62 per cent reported compares favourably to the -1.97 per cent reported a year ago and is also the lowest net
Man Group has launched a new initiative, Capital Asset Solutions (CAS) within Man Solutions Limited. The initiative is led by new hires Dan Robinson and Stephan Muecke, who are based in London.
The CAS initiative will combine the breadth of Man Group’s investment capabilities across global credit markets with specialised expertise in regulation, product structuring and liquidity management to build solutions for clients operating in complex, regulated markets. The focus is predominantly on the global retirement services and savings market distributed through insurance, pension fund and wholesale channels.
The CAS initiative will develop and manage an institutional investor focused
KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.
The acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is now ready to launch new products.
Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing
Boosted.ai, a distributed machine learning platform for global investment professionals, has closed a USD35 million Series B financing round, led by Ten Coves Capital and Spark Capital.
Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at USD46 million.
The funding will be used to scale Boosted Insights, the company’s web-based platform that brings explainable machine learning tools to investment managers. By using Boosted Insights, portfolio management teams can augment their existing investment processes, source new ideas and manage risks through AI without any prior
Alpha FX Group has appointed Nick Maton as Managing Director, Luxembourg.
Maton has over 30 years’ experience in financial services, including managing and growing businesses in the Luxembourg markets, which is an area of strategic importance for the Group. He joins Alpha with an in-depth knowledge of the alternative investment sector alongside his traditional banking experience.
Initially Maton will focus on building and developing commercial partnerships across the alternative investment sector in Luxembourg for the provision of Alpha FX Group’s alternative banking solutions, whilst also supporting its application with Luxembourg’s financial regulator, the CSSF (‘Commision de Surveillance du Secteur Financier’).
Options, a provider of managed trading infrastructure to the global Capital Markets, has appointed Ted Sturiale as Vice President of Sales and Business Development based in Chicago.
Sturiale joins Options with over 20 years of experience selling advanced Capital Markets technology solutions. He has worked with some of the world’s top banking and fintech companies such as Trading Technologies, Redline, Itiviti, Solarflare, Morgan Stanley, and Société Générale to expand their products and services, develop sales channels and drive significant revenue growth.
Most recently, Sturiale worked as a Strategic Advisor to Vectorspace AI, and a VP of Sales at CloudQuant. Prior
Waystone is strengthening its presence in the UK ACD and fund administration market with the acquisition of T Bailey Fund Services (TBFS).
The European Commission has decided that The Bahamas should be deleted from the EU’s anti-money laundering (AML) blacklist.
On 22 December 2021 a meeting of the European Commission College of Commissioners was held, and the revision of the List of Third-country Jurisdictions which have Strategic Deficiencies in their AML/CFT Regimes (AML Blacklist) was discussed. In addition, in the fourth quarter 2021, the Commission’s Directorate General – Financial Stability, Financial Services and Capital Markets Union (DG FISMA) finalised its assessment of The Bahamas’ AML/CFT regime, in line with its methodology for identifying high-risk countries.
The engagement with the EU DG FISMA
The global hedge fund sector returned +1.58 per cent in December, bringing the aggregate return for the industry for 2021 to +10.00 per cent, according to the December and year-end 2021 eVestment hedge fund performance data.
