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Sycamore Tree Capital Partners (Sycamore Tree), an asset manager specialising in private and alternative credit investments, has closed its inaugural collateralised loan obligation (CLO), Sycamore Tree CLO 2021-1, Ltd (STCP CLO 1).
The CLO totals USD403.3 million, with Citibank Securities serving as the underwriter and Dechert LLP acting as legal counsel to Sycamore Tree.
STCP CLO 1 has a five-year investment period and invests in an actively managed portfolio of syndicated loans issued by US companies across a broad range of industries. It is co-managed by Scott Farrell and Paul Travers, industry veterans and Managing Directors at Sycamore Tree. STCP
Nicholas Nolan, Vice President, SS&C Technologies, tells Hedgeweek why SS&C feels it deserved this award, how the firm has overcome certain challenges over these past 18 months and details industry trends and plans for the future in this interview.
STP Investment Services (STP) has acquired third-party fund administrator Tower Fund Services (Tower).
Horizon Software, a provider of market making and algo trading technology, has expanded its electronic trading platform to include market making and agency trading functions in one single platform, powered by its algo framework.
Initially designed for market making and algo trading services, Horizon is now bringing agency trading to the next level, by leveraging its expertise in latency, scalability and sophisticated algo and execution strategies to banks and brokers.
With advanced functionalities in high touch, DMA, DSA and global order routing for equity and global derivatives, Horizon enables banks and institutional and retail brokers to meet the trading
Digital token trading platform Bitfinex has launched a feature that enables users to customise their view on the market with a multi-screen function designed to generate alpha, providing professional traders with a means of exploiting correlations between different trading pairs.
Bitfinex users are empowered by obtaining access to a plethora of trading tools that enable them to deploy a variety of strategies across myriad digital token trading pairs. The high performance of the Bitfinex trading architecture – which has consistently withstood episodes of extreme volatility – provides traders with a reliable platform to deploy strategies once the preserve of incumbent
Princeton Fund Advisors, this year’s winner of the US Best Liquid Alternative Fund – Multi-Strategy Hedge, believe they were chosen as winner of this award due to the consistency of the results they were able to generate in an incredibly volatile time period.
Optima Asset Management and Jennison Associates, as the sub-advisor for the JENOP fund, have a partnership dating back to 2012.
According to Optima: “Our recognition of the opportunity and innovation in the healthcare sector resulted in our launch of the JENOP fund almost a decade ago, and it is gratifying to have that acknowledged with this award. The fund’s recent performance and long-term track record underscores the validity of the investment philosophy and process, and the opportunity for future success of the strategy.”
The JENOP strategy
The JENOP strategy has a dynamic investment process that has a history of alpha
The Lazard Rathmore strategy has, both over the qualifying 12-month period and on a since inception basis, delivered compelling risk-adjusted returns to investors. Broadly speaking, the strategy aims to deliver equity-like returns, with bond-like risk, while providing a low correlation to traditional fixed income and a low duration exposure.
Sarah George, Senior Vice President, Client Portfolio Manager at Lazard, says: “We believe that this investment objective has been substantiated by both the strategy’s long-term and recent performance, and kindly recognised by Hedgeweek/ Bloomberg through the strategy’s receipt of this award.”
The Rathmore strategy
The strategy has navigated the challenges of
Firms across the asset management industry are beginning to reflect on lessons learned from the pandemic as we move into a new phase. Andrew Brady, Partner, Co-Head of Corporate Credit at Marathon Asset Management, comments: “This environment has provided reminders to prioritise firm-wide coordination to serve clients by investing with humility and a margin of safety, avoid leverage on investment exposures, and to prepare for the unexpected, especially when risk tolerance is high, and attractive investments are scarce.”
Marathon has navigated the challenges through its belief that investment flexibility and objectivity, humility in forecasting, experience from past market dislocations,
According to Anson Funds, the key to navigating the present market environment is to be nimble and adapt the investment and risk management approach to changing circumstances.
