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The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against JP Morgan Chase Bank, JP Morgan Securities , and JP Morgan Securities plc (collectively, JPMorgan), for failing to maintain, preserve, and produce records that were required to be kept under CFTC recordkeeping requirements, and failing to diligently supervise matters related to its businesses as CFTC registrants.
Bain Capital Credit has acquired Project Frontier, which involves the sale of 95 per cent of the Mezzanine and Junior notes from a securitisation backed by a cEUR6 billion gross book value portfolio of non-performing exposures from National Bank of Greece.
Bain Capital Credit, Fortress Investment Group (Fortress) and doValue (doValue) have formed a consortium whereby funds and accounts managed by Bain Capital Credit and Fortress respectively acquired the Notes and doValue was appointed as the servicer of the securitisation.
Project Frontier is a landmark transaction, being the first large scale securitisation on a servicer-release basis, utilising the Hellenic
The Alternative Investment Management Association (AIMA) has a created a new Global Investor Board (GIB) as it looks to strengthen engagement with the investor community and its growing allocator membership.
The board, which comprises of senior leaders at global institutional investors (representing interests in public and private markets), will provide oversight to AIMA’s investor outreach, advancing industry sound practices and education for the alternative investment industry.
Founding members of the board are:
Eduard van Gelderen, CIO, PSP Investments (GIB Chair)
Henry Chau, Head of Investments, The Hong Kong Jockey Club
Anne-Marie Fink, CIO, Private Market Funds & Alpha, State of
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2021 measured -1.71 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.36 per cent in December.
“SS&C GlobeOp’s Capital Movement Index finished a very favorable 2021 with net inflows for December of 0.36 per cent, up from -0.04 per cent for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Full-year 2021 showed the strongest net capital flows since 2013. Investors are showing increased confidence in hedge strategies during a period of
An increasing emphasis on gaining alpha from hedge funds is expected to boost the demand for alternative data, according to a new ReaesrchAndMarkets report.
The global alternative data market is expected to reach USD69.36 billion by 2028 and expand at a CAGR of 58.5 per cent from 2021 to 2028, as asset managers at hedge funds, mutual funds, private equity funds, pension funds, unit trusts, life insurance companies, and other BFSI entities, increasingly use alternative data to derive predictive insights. In addition, the use of alternative data for risk management processes is also expected to drive the market.
North America
Hedge fund Anchorage Capital, a major player in distressed debt investing, is closing its USD7.4 billion flagship fund, according to a report in the Wall Street Journal.
Anchorage, which has around USD30 billion in assets, hasn’t specified a date for the return of investor cash. The firm will now focus on its structured credit and private equity-style funds.
Fee discounts and most-favoured nation clauses now feature in almost half of all side letters within the hedge fund industry according to a new study by Seward & Kissel, which also found that the number of smaller, newer managers using such agreements has fallen over the last 12 months.
Most hedge funds are now moving to a permanent hybrid working environment as a result of the Covid-19 pandemic, but concerns over team-building, collaboration and decision-making remain, as more managers look to expand their product offering into new areas and strategies, a wide-ranging new study published by the Alternative Investment Management Association and KPMG has found.
JTC has acquired Essential Fund Services (EFS), New York-headquartered provider of a broad range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers.
The acquisition will be settled via cash and JTC equity.
Gerard Federici will continue to lead the business and all current EFS employees will join JTC, becoming part of the Group’s Institutional Client Services (ICS) Division. The transaction is not subject to any regulatory approvals and completes with immediate effect.
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, has launched IvyDB Global Indices 3.1.
This database offers even more options data across major indices in North America, including the United States and Canada; Europe, and Asia-Pacific, and an expanded volatility surface, enabling better assessments of shorter- and longer-term investing and hedging strategies.
OptionMetrics IvyDB Global Indices 3.1 covers 35 major indices, representative of global markets worldwide, including S&P 500 Index, CBOE Russell 2000, VIX CBOE Market Volatility, DJ EURO STOXX50, VSTOXX, S&P 100 and 400, Nikkei 225, Hang Seng, CAC 40, Asia Nikkei,
