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Neuberger Berman, a private, independent, employee-owned investment manager, is expanding its fixed income platform with the addition of five highly experienced and industry-recognised professionals dedicated to the broad spectrum of Private Placement credit markets globally.
The firm’s new Private Placement credit team is expected to be fully operational in early 2022. The team will be led by industry veteran Frank LaTorraca, who is joining from Macquarie Investment Management, where he was Co-Head of the asset class. Two additional senior members of the team, Philip Lee and Nicole Tullo, are also joining from Macquarie and bring extensive Private Placements experience. Lori
The selection of service providers – be they prime brokers, administrators or software systems – is more important than ever before following the seismic upheaval faced by hedge fund firms over the past 18 months.
The global hedge fund industry saw positive net inflows of USD6 billion in Q3 amid increasing volatility, totaling net inflows of USD23.7 billion in the first nine months of 2021, according to data from the Citco group of companies (Citco), the asset servicer with USD1.6 trillion in assets under administration (AuA).
SureFire Capital, a family office specialising in alternative investments, debuted its innovative structure for investors in SureFire Multi-Strat, LP, which achieved a +24 per cent year-to-date 2021 return including +15.6 per cent in October and +28.4 per cent annualised.
The underlying quantitative investment strategy, focused on the Nasdaq-100 Index, is highly scalable. Qualified investors may select the traditional hedge fund structure or SureFire Capital’s new ‘Buffered Note’ as a 12, 24 or 36-month loan, providing fixed quarterly interest disbursements. The note’s principal risk decreases over time, offset by SureFire’s Equity Buffer, which serves as a first loss investor protection and
This year’s hedgeweekLIVE European Emerging Managers Summit examined how start-up funds can best organise their approach to operational due diligence, with attendees hearing how cybersecurity and succession planning have emerged as key considerations as a result of the coronavirus pandemic.
The Cayman Islands remains the gold standard jurisdiction for start-up and emerging hedge funds when it comes to legal and fund structuring considerations, offering a “tried and tested” environment for new launches, according to speakers on the opening panel of this year’s hedgeweekLIVE European Emerging Managers Summit.
Bridge Alternatives, a specialist global alternative investment advisor, has launched Bridge Alternative Investment Solutions, an outsourced Chief Financial Officer (CFO) and Chief Operations Officer (COO) business focused on meeting the institutional needs of investment management firms.
Kyle Fields, formerly of SS&C Technologies and PricewaterhouseCoopers, has been appointed as Chief Financial Officer of Bridge Alternatives and will lead this new business based in Evansville, Indiana and Lake Forest, Ilinois. He has over 15 years of extensive experience in accounting, finance, and technology, helping clients streamline processes, maximise performance, and increase profitability. At SS&C, he orchestrated and grew the Evansville, Indiana office
Maple Finance has launched an on-chain vehicle for Alameda Research, a USD30 billion dollar quantitative trading firm, to syndicate loans directly from accredited institutional investors around the world.
Insig AI, a data science and machine learning solutions company serving the asset management industry, is to acquire the entire issued share capital of FDB Systems Limited, a specialist in the collection and structuring of financial market data for investors and other capital markets participants.
Integrating FDB Systems’ data ingestion and structuring technology with Insig AI’s storage, visualisation and machine learning optimisation capabilities will allow the Company to offer a complete end-to-end financial data solution to its customers. For more than 18 months, Insig AI has been a customer of FDB Systems and therefore has a close appreciation of its
Pine River Capital Management (Pine River), a global relative value alternative asset manager, has appointed Matthew Abroe as a Portfolio Manager, effective immediately. In his new role, Abroe will be responsible for overseeing all inflation strategies at Pine River.
“We are thrilled to welcome Matthew to the Pine River team and believe he will be a tremendous asset as we continue to drive value for our investors by adding inflation-related strategies to our product offerings,” says Brian Taylor, Chief Executive Officer and Chief Investment Officer of Pine River. “Matthew has made an impressive name for himself across the industry as
