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Investors withdrew USD10.99 billion from the global hedge fund business in June, the second month this year net flows for the business were negative, according to the just-released eVestment June 2021 Hedge Fund Asset Flows Report.
Net flows were also negative in March of 2021, but general enthusiasm for the hedge fund business this year has year-to-date (YTD) asset flows still in the green at +USD28.69 billion.
At the mid-way point of 2021, the hedge fund business is almost half way to making up the USD59.32 billion investors pulled from hedge funds in 2020 according to eVestment data. Strong
Goldman Sachs Asset Management’s Alternative Investments & Manager Selection (AIMS) co-investment business has selected Enfusion to provide investment management technology solutions and middle- and back-office managed services.
Enfusion created a custom unified solution via API so that AIMS can import data across numerous instruments into the Enfusion platform from its proprietary EMS in real-time, providing a holistic view of a fund for portfolio managers and the risk team. Enfusion’s seam-free front to back-office platform and APIs allow the fund’s portfolio managers to manage orders across all asset classes.
In addition to creating a centralised repository of trade data and activity,
Alma Capital Investment Management has teamed up with DLD Asset Management to launch a Convertible Arbitrage strategy on Alma Capital’s UCITS platform.
The Alma Platinum IV DLD Convertible Arbitrage launched on 16 of July and has already gathered over USD150 million in AuM.
The Ffnd seeks to generate absolute returns by utilising a spectrum of convertible arbitrage strategies, which are designed to profit from identifying mis-priced or expected return differentials that exist between a convertible security and its underlying equity.
DLD Asset Management was founded in 2013 by Mark Friedman, who has over 29 years of extensive arbitrage and options
Altana Wealth, the multi-strategy hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, has launched a new carbon futures-focused strategy which aims to capitalise on the rising costs of carbon credits within the European Union.
With governments in developed nations, and particularly the EU, now fully committed to combating climate change and higher prices for carbon emissions, the Altana Carbon Futures Opportunity (ACFO) strategy, which launched earlier this month, will take directional positions on those rising prices.
Specifically, the strategy aims to provide investors with upside participation – with estimated multiple returns at 2-4 times unlevered – in
Investment managers pressured by rising costs, increased transparency demands and the need to generate consistent performance are looking to harness the full potential of data in order to compete and position their firms for the future, according to a survey of 300 global asset management firms sponsored by Northern Trust.
Hill Country Asset Management has chosen to deploy global fintech Arcesium’s joint offering with JPMorgan’s Securities Services.
Through their existing strategic partnership, Arcesium and JPMorgan will address Hill Country’s middle office, back office, and fund administration needs with a seamlessly integrated solution. Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and JPMorgan will act as Hill Country’s fund administrator. Arcesium and JPMorgan formed their partnership in 2018 to deliver an offering to a wide range of potential financial services clients, from new launches to established firms.
“We believe we
Alderwood Capital (Alderwood), a London-based fund manager, has appointed two Independent Chairs. Olive Darragh will chair the Partnership Committee of Alderwood Partners, the investment management side of the business, while Neil Cochrane will serve as Chairman of the Board of the Alderwood Fund as well as Chairman of the Valuations Committee.
The Partnership Committee is also comprised of external member representatives, including Victory Capital, and members of Alderwood’s Management team. It oversees and directs both the strategic direction and the management of the business.
The Fund Board is wholly independent of the investment manager, with a mandate to ensure
Accelex, a data acquisition, analytics and reporting solution for private markets investors and asset servicers, has widened its agreement with LGT Capital Partners (LGT CP) to provide its SaaS platform to bring digitalisation to the regular extraction of critical financial information from a wide range of private markets investment documents.
LGT CP was one of Accelex’ first clients in 2020.
The alternative investment industry is set to continue its growth trajectory where global firms like LGT CP, who are already transitioning highly manual operational workflows for data management, are seeking greater transparency into fund underlying assets. With Accelex, LGT CP
A total of 60 per cent of institutions believe that settlement failures attributed to inadequacies of the middle-office are still a significant problem in their organisation, according to a new global survey conducted by Torstone Technology, a SaaS provider of post-trade securities and derivatives processing in collaboration with GreySpark Partners, a leading global capital markets consultancy.
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