Intelligence
Latest
REGULATION
The Securities and Exchange Commission has voted to propose new rules and amendments under the Investment Advisers Act of 1940 (Advisers Act) to enhance the regulation of private fund advisers and to “protect private fund investors by increasing transparency, competition, and efficiency in the USD18-trillion marketplace”.
DIGITAL ASSETS
The trajectory of regulation across the globe will most likely determine the future of investment in cryptocurrency and digital assets as it holds the key to mainstream adoption of the asset class. However, while this is still in the offing, industry players are finding ways to provide investors with processes and structures they understand.
PRIME BROKERAGE
The prime brokerage needs of emerging asset managers are rapidly evolving as they seek partners who will help them facilitate growth while providing cost efficient, high quality, swift customer service.
DEALS
Citrix Systems is to be acquired by affiliates of Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corporation (Evergreen), an affiliate of activist hedge fund Elliott Investment Management (Elliott) in an all-cash transaction valued at USD16.5 billion, including the assumption of Citrix debt.
FUNDS
Sona Asset Management, the London-based credit-focused alternative asset manager led by John Aylward, has generated back-to-back double-digit returns over the past two years in its flagship long/short fund, and is now aiming to build on this success with the launch of a new private credit-focused capital solutions strategy.
REGULATION
The US Securities & Exchange Commission (SEC) has proposed changes to the current Form PF reporting regime which would force hedge funds and private equity funds to report large investment losses or redemptions more frequently.
SHORT-SELLING
Sustainable energy stocks have attracted the interest of hedge fund short sellers, according to a report in the Financial Times, with managers betting that the prospect of interest rates rise will mean companies with strong environmental credentials but weak earnings are less attractive to investors.
INVESTMENT
Trian Fund Management, the activist hedge fund run by Nelson Peltz, has acquired a stake in Unilever Plc, according to the Financial Times and Reuters.
REGULATION
The Securities & Exchange Commission (SEC) is considering proposals to tighten the disclosure deadline for hedge funds that hold significant shares in companies, according to a report by Bloomberg.
DIGITAL ASSETS
A tipping point has been reached where the maturity of and regulatory clarity of the cryptocurrency asset have passed the threshold for institutional investors to make significant allocations.
