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HELPCENTER
28 Apr. 2020 Morningstar publishes global study of regulation and taxation in the fund industry, finding regulation to be adequate, but not always proactive [more]
Opalesque Industry Update - Morningstar, a provider of independent investment research, today published the second chapter of its biannual Global Investor Experience (GIE) report. The report, now in its sixth edition, assesses the experiences of mutual fund investors in 26 markets across North Ameri
28 Apr. 2020 Venture capital closes 1,000 deals less than in previous quarter [more]
Laxman Pai, Opalesque Asia: Deal activity declined in venture capital markets across the globe in Q1 2020 as the world comes to terms with the COVID-19 pandemic. According to Preqin, nearly 1,000 fewer deals were completed globally in Q1 2020 compared with Q4 2019, while aggregate deal value f
28 Apr. 2020 Consonance Capital raises $856m for the second fund [more]
Laxman Pai, Opalesque Asia: New York-based Consonance Capital (CCP) announced that its sophomore private equity fund was closed at its hard cap of $856 million. The healthcare private equity firm said that consistent with its predecessor fund, Fund II will focus on investments in U.S. healthc
28 Apr. 2020 Global M&A activity nosedives towards the end of Q1 2020 [more]
Laxman Pai, Opalesque Asia: The global mergers and acquisition (M&A) deal volume and value started declining with the first quarter (Q1) of 2020 approaching the end, said a study. According to GlobalData the number of announced M&A deals decreased from 2,349 in February 2020 to 1,984 in March
28 Apr. 2020 Hedge fund performance: Event-driven set to outperform in April [more]
Laxman Pai, Opalesque Asia: In the space of alternative strategies, Lyxor research points to a solid performance of Event-Driven in April. Special Situations and Merger Arbitrage outperformed, up +3.8% and +2.7% month-to-date (as of April 21st), respectively. Event-Driven strategies also outp
27 Apr. 2020 VC investment in the US remains strong in Q1 2020, but COVID-19 threat looms [more]
Laxman Pai, Opalesque Asia: While investment in the U.S. remained strong during the quarter with $34 billion invested across 2,298 deals, the sudden emergence of COVID-19 created significant economic turbulence and uncertainty, and major waves in the public markets. According to Q1 2020 KPMG
27 Apr. 2020 Real estate: Returns for higher-risk strategies continue to decline [more]
Laxman Pai, Opalesque Asia: Though returns for higher-risk strategies have continued to decline in recent vintage funds, real estate's recent run of underwhelming performance continues, said a study. Over a one-year horizon to June 2019, real estate underperforms all other private capital asse
26 Apr. 2020 Swiss fund market volume depressed by coronavirus [more]
Opalesque Industry Update - In March 2020, the volume of assets placed in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Morningstar stood at CHF 1,097.5 billion. This corresponds to a month-on-month decrease of CHF 108.5 billion or 9.9%. Net outflows totaled CHF 1
24 Apr. 2020 Scotiabank Canadian Hedge Fund Index ended March -6.8% MOM on asset weighted basis, -6.9% YTD [more]
Opalesque Industry Update - The Scotiabank Canadian Hedge Fund Index ended March 2020 down -6.82% MOM on an asset weighted basis and down -9.99% MOM on an equal weighted basis. Source: Scotiabank T
24 Apr. 2020 Hedge fund business AUM drops below $3tn for first time since 2014 [more]
Opalesque Industry Update - Investor redemptions and performance declines during this unprecedented time of market volatility pulled the hedge fund industry's assets under management below $3 trillion for the first time since April 2014, according to the just-released eVestment March/Q1 2020 Hedge F
24 Apr. 2020 COVID-19 crisis shifts hedge fund flows negative in March [more]
Opalesque Industry Update - Investors redeemed an estimated $24.1 billion from hedge funds in March. Outflows offset Jan/Feb allocations shifting YTD flows to negative $8.0 billion, said eVestment. Large performance losses resulted in total industry AUM falling below $3 trillion for the first tim
24 Apr. 2020 VC investment in Europe rises while it drops significantly in Asia [more]
Laxman Pai, Opalesque Asia: VC investment in Europe rose, driven by strong geographic diversity, while Asia-based VC investment fell to twelve-quarter low amid COVID-19 despite mega-deals, said a study. While the number of VC deals in Europe dropped from 1,262 in Q4'19 to 923 in Q1'20,
24 Apr. 2020 PERE deals nosedive in all property sectors around the world [more]
Laxman Pai, Opalesque Asia: The private equity real estate (PERE) deals have been fairly consistent in terms of both the number and total value, each quarter for the past three years until now. But, as per a study by Preqin, in the first quarter of 2020, with economic markets roiled by the out
23 Apr. 2020 Report breaks down COVID-19- and energy-related U.S. CLO CreditWatch negative placements [more]
Opalesque Industry Update - Since March 20, 2020, S&P Global Ratings has placed 252 U.S. collateralized loan obligation (CLO) tranche ratings on CreditWatch with negative implications, primarily due to the economic downturn associated with COVID-19 and the related social distancing measures that hav
23 Apr. 2020 Global VC investment drops from $65.6bn in Q4 2019 to $61bn in Q1 2020, despite five $1bn+ mega deals [more]
Laxman Pai, Opalesque Asia: Global VC investment in Q1 2020 dip quarter-over-quarter with US$61 billion raised, though five $1 billion+ mega-deals propped up total investment value, said a study. According to KPMG, the volume of global VC deals declined 27%, falling from 5,820 deals in Q4'
23 Apr. 2020 Natural resources investors mull exposure to a wider spread of regions in 2020 [more]
Laxman Pai, Opalesque Asia: The fund searches and mandates issued by natural resources investors in Q1 2020 suggest a more cautious approach to the coming year, revealed Preqin in its Quarterly Update on Natural Resources. The majority (53%) of fund searches are for commitments of less than $5
22 Apr. 2020 Total global hedge fund capital fell below $3tn in 1Q20 for the first time since 3Q 2016 [more]
Opalesque Industry Update - Total global hedge fund capital fell below $3.0 trillion in 1Q20 for the first time since 3Q 2016, as financial market volatility surged on uncertainty and increased risks driven by the global coronavirus pandemic. Hedge fund capital declined by $366 billion to end
22 Apr. 2020 Zug asset manager Tramondo Investment Partners appoints new investment manager [more]
Opalesque Industry Update - Tramondo Investment Partners AG, a bank-independent Zug, Switzerland based investment boutique, announced that it has promoted Andreas Schranz to Chief Investment Officer and Chairman of the Investment Committee as of 20th April 2020. Andreas Schranz succeeds Thomas Z
22 Apr. 2020 The AMF Enforcement Committee fines Elliott companies for failing to comply with their reporting obligations [more]
Opalesque Industry Update - The AMF Enforcement Committee fines companies Elliott Advisors UK Limited and Elliott Capital Advisors L.P. for failing to comply with their reporting obligations in connection with a simplified public cash offer and, in the case of the former, for obstructing an AMF inve
22 Apr. 2020 COVID-19: Majority of alternatives fund managers do not plan to change their investment strategy [more]
Laxman Pai, Opalesque Asia: Most alternatives fund managers appear to be staying the course although fundraising is slowing in the wake of the economic fallout from COVID-19, said a survey. Fund managers are polarized on the long-term impact, but business operations have taken a hit for most, it
22 Apr. 2020 Hedge funds boosted by a recovery in most dislocated market segments [more]
Laxman Pai, Opalesque Asia: Hedge fund strategies operating in the most dislocated market segments or displaying the greatest pricing anomalies have rebounded strongly, in particular, the Merger Arbitrage and L/S Credit strategies, said Lyxor in its weekly brief. Strategies with the longest m
22 Apr. 2020 1,000 fewer VC deals in Q1 2020 compared to previous quarter [more]
Laxman Pai, Opalesque Asia: Global venture capital deal-making has stumbled as the world comes to terms with the COVID-19 pandemic, said a study. Nearly 1,000 fewer deals were completed globally in Q1 2020 compared with Q4 2019, while aggregate deal value fell by 18% in comparison, Preqin said
21 Apr. 2020 Net sales of equity funds take a hit in February as Covid-19 crisis breaks out [more]
Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for February 2020. Bernard Delbecque, Senior Director for Economics and Research comm
21 Apr. 2020 HPS Investment Partners closes its sophomore European Asset Value Fund on $1.5bn. [more]
Laxman Pai, Opalesque Asia: The global credit investment firm HPS Investment Partners announced the closing of its second European Asset Value Fund (EAVF II) with more than $1.5 billion of capital. The New York-based investment firm with over $60 billion in assets under management stated in a
21 Apr. 2020 Private equity-backed buyout deal activity remains steady in Q1 2020 [more]
Laxman Pai, Opalesque Asia: Global private equity-backed buyout deal figures hold up in comparison with quarterly averages, but the aggregate deal value in Asia tumbles, said a study. "Against the odds, private equity-backed buyout deal activity remained steady in Q1 2020," said Preqin in its
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