- Current small business lending environment in the US
- Performance during the credit crisis
- Risk management philosophy
<< A SQUARE archive sorted by date
<< A SQUARE archive sorted by category
[26Apr13] [Real Assets] 'Alternative asset' investment funds in the UKAnalysis: Alternative asset funds marketed to retail investors
[30Jul09] [Asset Allocation] Asset Liability Management (ALM)ALM embraces a multi-period approach which allows one to make an explicit trade-off between the long term goals and short term criteria
[04Jun09] [Direct Lending] A fund that specialises in privately originated asset based loans or investmentsPortfolio has been structured so no forced sales are needed to meet redemptions
[14May09] [Direct Lending] Privately-negotiated funding transactions for s&m-cap publicly traded companies... fund has been involved in over 220 privately-negotiated financing transactions
[16Apr09] [Asset Based Lending] Asset based lending strategy insights from an allocator’s perspectiveA well diversified asset based lending portfolio should be able to return 12-15% with very healthy levels of collateral ensuring minimal losses.
[12Mar09] [Asset Based Lending] "Recession proof, but not depression proof“Exclusive market intelligence on how asset based investment strategies are currently faring and where the opportunities could be
[07Oct08] [Asset Based Lending] Insights on ABL strategies - is performance holding up?In most cases even within a geographic region each investment will rise or fall on its own merits. The biggest correlation is on any equity component that may be part of an ABL deal.
[08Aug08] [Asset Based Investing] An asset based lending and investment fundAbility to source deals via a well established business network
[17Jul08] [Asset Based Investing] A pure asset based lending fund on fundsPortfolio of pure asset-based lending and insurance linked hedge funds
[29Apr08] [Asset Backed Securities] An Asset „Backed“ Lending FundLoans intended to provide working capital to Small-to-Medium sized Enterprises
[22Apr08] [Asset Based Lending] Asset Based Lending Fund of FundsIn its simplest form, the lender takes a first priority security interest in the collateral being financed
[08Apr08] [Asset Based Lending] The status quo & up-coming investment opportunities in asset based lendingThe opportunities are re-surfacing in the same asset based lending spaces, but it is the growth in the number of potential borrowers that has increased substantially.
[24Jan08] [Asset Based Investing] Asset Based Lending FoFLending activities - hedge fund wrapper
[16Jan08] [Asset Finance] Asset based lending/financing FoFAims to pursue an “asset based-lending/ investing” pure play strategy
[10Jan08] [Asset Backed Lending] Fund focus: life insurance assetsInnovators in the creation of financial structures to uncover value in underlying longevity and mortality assets
[19Dec07] [Asset Based Investing] Asset based lending fund of fundsConcentrate on managers who have a relatively short duration of underlying investments
[05Dec07] [Asset Based Investing] A fund uncovers structural inefficiencies in China, Brazil, RussiaWithin credit markets, a structural inefficiency (that has been exacerbated by the recent crises) stems from the fact that the banking system is generally less willing to provide loans to solid small/micro cap companies.
[06Nov07] [Asset Based Lending] An asset based lending FoFAccess to a portfolio that invests in managers dedicated to collateralised, direct lending
[26Sep07] [Asset Based Investing] White Oaks Strategic FundDynamic portfolio allocations between ABL, ABS and RLS
[29Aug07] [Asset Based Lending] Mont Blanc SelectOffers access to a robust, diversified portfolio of non-correlated investments - primarily in the asset based lending (ABL) and highly collateralised asset space
[29Aug07] [Asset Based Lending] Expertise on Asset Based Lending with Santo Volpe - IIHow robust are ABL investments under the present market conditions
[29Aug07] [Asset Based Lending] Appendix
[31Jul07] [Asset Backed Lending] Aarkad Plc, Heather PartnersFund focuses on collateralised money lending-highly collateralised structured finance loans, of short term duration (3-12months) secured loans, collateralised by commercial property in the UK & Ireland
[31Jul07] [Asset Backed Lending] Fund's performance - Appendix
[27Jun07] [Asset Backed Securities] Valuation"One should not forget that certain financial institutions can value securities based on criteria other than mark- to-market, in particular if they intend to hold them to maturity. These valuations, of course can be very different to where a security
[20Jun07] [Asset Class] "Manna"Would you say “traditional” investments trade in increasingly efficient markets (diminishing risk premia) vs. alternatives (majority are still inefficient – and offer risk premia).
[13Jun07] [Asset Finance] Systematic Absolute Return’s Survey FindingsABL was preferred amongst the asset finance strategies. It was followed by PIPEs, ABS and ABI. At the tail end of the sample were CDO’s and MBS.
[30May07] [Asset Backed Securities] Expertise on mezzanine financingWe focus on a niche in the marketplace where we are typically viewed more as an equity alternative than a debt instrument - although our collateral is secured through the recording of a lien on the property and receiving an assignment of all voting rights
[25Apr07] [Asset Based Lending] CypressTree Leveraged Alternative Income FundHave little interest rate risk, low correlation to most asset classes, low volatility
[13Mar07] [Asset Backed Lending] Stillwater New Finance FundFocuses on asset backed lending with a minority of the portfolio invested in asset backed securities
[20Feb07] [Asset Backed Securities] George Tintor Q & AGeorge Tintor elaborates on asset-backed securities
[13Feb07] [Asset Based Lending] Santo Volpe Q & AElaborates on what it means to be a niche player in the context of Asset Based Lending
[16Jan07] [Asset Backed Lending] Eden Rock Structured Finance Fund of Funds
Benedicte Gravrand, Opalesque London for New Managers: Hedge fund managers navigated intense volatility on Friday 24 June as the Brexit vote resulted in massive dislocations across global currency, equity, commodity
Komfie Manalo, Opalesque Asia: With the UK deciding to leave the EU, new data are coming in is showing that hedge funds were hurt by the Brexit as stock sell-off hit them harder on a relative basis, research from Morgan Stanley said.
Benedicte Gravrand, Opalesque London: After the UK voted to leave the European Union on 23 June, hedge funds who either shorted UK stocks, bought bonds, shorted the British pound or capitalised on volatility benefited.
Komfie Manalo, Opalesque Asia: A new white paper by privately owned investment advisory firm TeamCo Advisers, LLC, showed that behavioral analysis can serve as a meaningful supplement to the hedge fund due diligence process, potentially exp
Komfie Manalo, Opalesque Asia: Greenwich Associates said it plans to strengthen its Global Investment Management Practice with two key hires and the appointment of new regional heads in Asia and Europe.
Markus Ohlig is returning to Greenwich Associates as a managing director leading the firm’
Bailey McCann, Opalesque New York: Citadel has hired Steven Lieblich as Chief Technology Officer of Citadel’s hedge fund business. Lieblich was most recently Morgan Stanley’s Chief Information Officer. Lieblich will report to Citadel’s Founder and CEO Kenneth C. Griffin, and will join the firm th
Opalesque Industry Update - Pavilion Financial Corporation (Pavilion), a North American based employee-owned, investment services firm, has announced that it plans to acquire Altius Holdings Ltd., the parent company of Altius Associates Ltd. and Altius Associates (Singapore) Pte. Ltd. (Altius Assoc
Institutional investors should undertake a quantitative analysis of their hedge fund investments’ long-term contribution to overall portfolio efficiency, rather than basing their asset allocation strategies on a short-term comparison with equity benchmarks.
This is the conclusion of a new resea
Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.
In the week ending 24 June 2016, global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years. In Europe, UK asset managers are bracing for redemptions after the Brits voted out of the EU while hedge funds in the U.K. were divided ov
Precy Dumlao, Opalesque Asia: Frankfurt, Germany based Catana Capital has announced that its new 'Catana Big data' will go live on 30 June 2016 as a Germany-domiciled public alternative fund (AIF).
Catana Capital said has received the BaFin license according to Sec. 32 of the German B
Bailey McCann, Opalesque New York: Paris-based TOBAM, a pioneer in smart-beta strategies, has opened its US credit strategy vehicle to US investors - surpassing some $300 million in AUM in six months. The inflows into the fund have come from a range of institutional and retail investors - mainly
Komfie Manalo, Opalesque Asia: Vowing to pressure from its two main shareholders, Swiss listed multi-strategy fund of hedge fund ALTIN AG on Wednesday announced it would postpone plans to delist from the London Stock Exchange (LSE) and at the same t
Benedicte Gravrand, Opalesque London for New Managers:
Mid-cap stocks specialist Vikram Kumar, 35, is to separate from his firm, London-headquartered TT International, and take with him the fund he started there t
In the week ending 17 May, 2016, HFR said
hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f
Bailey McCann, Opalesque New York: A new survey of investor preferences from AMG Funds, U.S. retail distribution arm of global asset management company, Affiliated Managers Group, Inc. suggests that affluent millennials are interested in investing in alternatives but struggle to find enough infor
Bailey McCann, Opalesque New York: Global sovereign investor confidence is stable and they continue to pursue long-term investment
goals through strategic asset allocation, according to the recently released Invesco Global Sovereign Asset Management
Study. The study looks at 77 individual sover
Benedicte Gravrand, Opalesque London for New Managers: There is support for the emerging manager community out of Montréal, Quebec.
According to Pierre-Philippe Ste-Marie, founder and CEO of Razorbill
Benedicte Gravrand, Opalesque London for New Managers: The S&P Emerging Asia 40, an index providing exposure to 40 leading c
In the week ending 10 June, 2016, a study by BNY Mellon has found that institutional investors are planning to boost their allocations to alt
Komfie Manalo, Opalesque Asia: Activist hedge fund Elliott Management has asked the board members of CDK Global to immediately act on its proposed "Value-Maximizing Plan" (VMP) without delay aimed at improving CDK’s business operations and capital return program.
Bailey McCann, Opalesque New York: Following a frustrating 12- to 18-month period for a vast majority of hedge fund strategies, Neuberger Berman is out with new research which posits that event-driven and distressed credit hedge funds may start to rally over the second half of the year.
By Eric Anderson, Managing Partner & Head of Investment Solutions at Milltrust International LLP
Since the beginning of the year, Emerging Market equities have outperformed Developed Market equities, Emerging Market currencies have outperformed the US Dollar, Emerging Market local currency gover
By IMD Professor Nuno Fernandes
Activist investors are relatively new – but very influential – players in international capital markets.
Activist investors are shareholders at publicly traded companies who attempt to affect change in an organization either by directly appealing to, or puttin
By: Paul Dimitruk, Chairman and Co-Founder of Partners Capital
As an Outsourced Investment Office acting for endowments and foundations, and ultra-high-net-worth families in Europe, North America and Asia, we advise our clients on their total investment programs, including asset allocation and p
By: Don Steinbrugge, Agecroft Partners
The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th
From: Akin Gump Strauss Hauer & Feld LLP
On April 3, 2016, it became public that an anonymous source had leaked 11 million confidential documents, known as the "Panama Papers," belonging to the Panama-headquartered international law firm Mossack Fonseca. As more of the Panama Papers become publi
From Donald A. Steinbrugge, CFA – Managing Partner, Agecroft Partners: I would like to share some thoughts regarding New York City Employees Retirement System (NYCERS) voting to exit all hedge funds. Pension funds should always be managed in the best interest of the plan’s beneficiaries. I believe t
From Finomial Corporation: While the media focus to date has been on the law firm’s role (Mossack Fonseca) in creating shell entities (which in many cases are legal), Finomial protects hedge funds from the risk of unwitting acceptance by the investment management community of money from entities wit
On the 5th April the FCA released their 2016/17 business plan which outlines seven priority themes. The seven themes outlined will focus on pensions, financial crime and anti-money laundering, wholesale financial markets, advice, innovation and technology, firms’ culture and governance, and the trea
Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum.
Based in New York,
Soros, Druckenmiller among hedgies profiting in market plunge
From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s
From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter.
Also atypical compared with many of the largest funds out there, Mann makes
Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide.
Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,
Mariner Investment’s co-CIO Williams to leave $5.5bn firm
From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed.
Williams will stay in his role until t
Featuring : A Discussion with Jeff Kong: His Top-Ranked Fund Strategy and Why Carry is King.Jeff Kong launched the Tradex Relative Value (TRV) Fund in 2015 to capitalize on his decades of trading success in the structured rates markets. He is one of the most well-known and respected mortgage prepayment traders in the alt...» Watch the video
Long Term Trend (36 Months): NegativeFriday’s Settlement: (ASIA): 20,259.13UPDATE: As we stated for the last two months, “If U.S. Equities correct lower, HS will back off”.Big picture remains the same- plenty of overhead exists as the HS remains bearish. This past Friday’s price action further validates our outlook.
Long Term Trend (36 Months): Negative
Friday’s Settlement: (ASIA): 20,259.13
UPDATE: As we stated for the last two months, “If U.S. Equities correct lower, HS will back off”.
Big picture remains the same- plenty of overhead exists as the HS remains bearish. This past Friday’s price action further validates our outlook.