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The coronavirus pandemic has brought about a sea change in hedge funds’ cybersecurity concerns, with the remote working environment pushing firms to re-evaluate how they safeguard and secure data and privacy in the cloud amid a rise in phishing attacks.
Certares Management (Certares), an investment specialist dedicated to the travel, tourism and hospitality sectors, and Knighthead Capital Management, (Knighthead), a credit investment management firm, have closed the CK Opportunities Fund at approximately USD1.5 billion in total commitments.
The Fund exceeded its initial target of USD1 billion over a six-month fundraising period in a fully virtual environment. The Fund received strong support from a diversified global investor base, including leading sovereign wealth funds, family offices, pensions, endowments and foundations, and financial institutions.
The fund is the first co-managed fund for Certares and Knighthead, and it represents a powerful partnership between the
An overwhelming majority (87 per cent) of capital markets investors are pursuing direct lending strategies though almost half (47 per cent) lack confidence in their ability to manage loss recoveries which could have serious implications if corporate defaults rise as pandemic-driven government support schemes are withdrawn.
Read the full story at Private Equity Wire…
SS&C Technologies Holdings, Inc has announced that the SS&C GlobeOp Forward Redemption Indicator for May 2021 measured 2.46 per cent, down from 2.07 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.46 per cent for May 2021 represents a reduction in redemption notices compared to the 4.00 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The 2.46 per cent reported for the indicator marks the eleventh consecutive month of year-over-year reduction in hedge fund redemptions, as well as the lowest level of redemptions for any month of May since the Forward
Sterling Trading Tech (STT), a specialist in technology solutions for real-time risk management and margin solutions for equities, equity options, futures, and options on futures, is to expand its cloud-based risk and margin system to include global markets in Q4 of this year.
Read the full story at Institutional Asset Manager…
Boutique law firm Kleinberg Kaplan has been recognised by Chambers USA 2021 as a leading firmin the “Hedge Funds (USA – Nationwide)” category, with three Kleinberg Kaplan partners being individually highlighted.
Debuting on the list is partner Jason Grunfeld, who also heads the firm’s business development. He was named a leading lawyer in the Hedge Funds category and was joined by Jamie Nash, co-leader of the firm’s hedge fund practice, who continues his streak of being recognised in Chambers.
Chris Davis, chair of Kleinberg Kaplan’s Investor Activism and Mergers & Acquisitions practices, was again ranked in the “Corporate/M&A: Shareholder Activism
Exegy Incorporated, a specialist in low-latency solutions for global market data, predictive trading signals, and hardware-acceleration technology, and Vela Trading Systems (Vela), a provider of data and execution technology for global multi-asset electronic trading, have merged business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over USD7.5 billion of capital commitments under management.
Operating as Exegy Incorporated, the combined company creates a new provider of premier data and execution platforms, managed services for electronic trading powered by proprietary hardware-acceleration, Artificial Intelligence (AI), and service automation technologies.
“Exegy’s combination with Vela represents an exciting
This year’s hedgeweekLIVE Technology Summit concluded with deep-level discussions of how hedge fund managers running a range of strategies are grappling with the rapid pace of change in data science and how the “explosion” in data volume can be managed more effectively.
RealBlocks, an alternative investments platform that enables global distribution capabilities for fund managers, has appointed Seth Stuart as Head of Alternative Investment Product Solutions.
Read the full story at Private Equity Wire…
Pictet Alt Advisors scores with China market rebound, but offers warning on SPACs
Pictet Alt Advisors scores with China market rebound, but offers warning on SPACs