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Livermore Investments Group, a leading Collateralised Loan Obligations (CLO) equity anchor investor in over USD13 billion of new issue CLO transactions, has anchored the majority equity stake in Ares 61 – Ares Managements’ latest USD500 million CLO which closed on 30 September 2021.
The transaction, arranged by Nomura Securities, priced with a competitive weighted average cost of debt of Libor + 1.61 per cent. The CLO has a five-year reinvestment period and will be managed by Ares Management, one of the largest and most experienced CLO managers, with over USD28 billion of CLO AUM. Livermore’s controlling equity also comes with
INDOS Financial (Ireland) Depositary Limited, a JTC Group company, has received regulatory approval from the Central Bank of Ireland to provide depositary services to private equity, real estate and other alternative investment funds under Regulation 22(3)(b) of Ireland’s AIFM Regulations.
The approval builds upon INDOS’ alternative investment fund depositary offering in the UK providing full depositary and depositary-lite services to 75 managers, 150 funds and USD38 billion of hedge, private equity, real estate and infrastructure funds.
Bill Prew, CEO of the INDOS Financial Group, says: “We are delighted to have obtained a specialised depositary licence in Ireland. We established operations
Blackstone has appointed Emily Yoder as Senior Managing Director, Strategic Relationship Management.
She will serve as a primary interface with Blackstone’s banking and other financial services partners. In this newly created role, Yoder will be responsible for delivering a firm-wide approach to relationship management.
Vik Sawhney, Chief Administrative Officer and Global Head of Institutional Client Solutions, says: “We’ve known Emily for many years, and I’m very excited to welcome her to the Blackstone team. Her skills will help us deepen our relationships with key financial partners as we continue to rapidly expand into new verticals.”
Yoder says: “I’ve grown to
While long/short and global macro strategies continue to be hedge funds’ bread and butter, one-third of respondents to a new survey of 184 alternative investment professionals by advisory and accounting firm EisnerAmper expect LPs to increase investment allocation to event-driven in the next 12 months, followed by credit (25 per cent) and quant (17 per cent).
The high number of corporate actions throughout the year, including mergers and acquisitions, restructurings and the rise of the retail investor, could explain the increased interest in event-driven strategy. When asked to name the top challenge for their business, hedge fund executives noted escalating
Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset and wealth management industry, has bolstered its private funds practice.
This includes an expansion of dedicated personnel, enhancements to its technology platform, as well as the launch of a sub-practice dedicated to fund managers with investment strategies focused on cryptocurrencies, digital assets, venture capital studio funds, health care royalties, syndicated venture, and other alternative, non-conventional assets.
Foreside is responding to the market’s rising demand for experienced consultants enabled by technology whose focus is on the
US equity investors’ risk appetite has picked up in October from the one-year survey low seen in September, but remains subdued compared to earlier in the year as investors cite concerns over the political environment and perceive waning equity market support from monetary and fiscal policy.
The Risk Appetite Index from IHS Markit’s Markit’s Investment Manager Index™ (IMI™) monthly survey, which is based on data from around 100 institutional investors, has risen to +7 per cent in October from +1 per cent, but that compares with a peak of +54 per cent back in April to signal an ongoing cautious
Exberry, an exchange technology pioneer, is providing its “Marketplace as a Service” technology at the heart of ProMEX, the digital marketplace for physical commodities.
The new technology partnership will enable ProMEX to create new products and markets at speed, and securely offer trading in a wide variety of commodities in new ways.
ProMEX delivers an end to end digital experience in physical commodity trading. The platform provides direct, real-time trading without intermediaries or clearing houses and eliminates settlement risk for its users. This shortened settlement cycle also reduces counterparty risk. Exberry’s matching engine is central to this process.
The
Man Group’s funds under management reached a new high of USD139.5 billion during the third quarter, fueled by positive inflows and strong investment performance, with its hedge fund and alternative strategies driving growth.
Ambienta SGR, one of Europe’s largest asset managers entirely focused on environmental sustainability, has added two new hires to its London-based Public Markets division, Ambienta X, which launched Alpha X the world’s largest long/short equity fund focused solely on environmental themes, in May 2020.
Alpha X, which invests in sustainability champions and shorts franchises disrupted by sustainability trends, is about to launch several new strategies with the same thematic focus, building on the continuous expansion of the research and investment teams. The further strengthening of the London team, with the arrival of Sofia Savvantidou and Oliver Wegener, is the result
Satuit Technologies by Tier1 Financial Solutions (Tier1), a global specialist in CRM, AML compliance and fraud prevention solutions, has partnered with Versoft Consulting to bring enhanced integration to the Satuit product suite and portfolio accounting solutions.
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