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14 Jun. 2021 $1.5tn US investment fund Invesco launches two cryptocurrency ETFs [more]
Laxman Pai, Opalesque Asia: US-based investment management company Invesco, which manages assets worth nearly $1.5 trillion, has launched two cryptocurrency-focused exchange-traded funds (ETFs). According to the Atlanta-based investment management firm, roughly 80% of the Invesco Galaxy Blockc
11 Jun. 2021 PSERS Investigation deepens, union calls on CIO to resign [more]
Bailey McCann, Opalesque New York: The battle over the Pennsylvania Public Employees' Retirement System is heating up. The pension system, which is under investigation by the FBI over potential misstatements and insider deals surrounding its investment strategy, was sued this week by a member of
11 Jun. 2021 Global investable assets reach record $250tn in 2020, despite COVID-19 [more]
Laxman Pai, Opalesque Asia: Despite a year of economic uncertainty, financial assets, including stocks, bonds, and other investment funds, globally went up by 8.3% to reach a record $250 trillion in 2020, said a study. According to a report by Boston Consulting Group (BCG), despite the pandem
11 Jun. 2021 State Street launches digital unit to capitalize on crypto craze [more]
Laxman Pai, Opalesque Asia: State Street Corporation is establishing a new division focused on digital finance to include services for crypto, central bank digital currency, blockchain, and tokenization. The American financial services and bank holding company with $40.3 trillion in assets und
11 Jun. 2021 ECB maintains bond-buying program [more]
B. G., Opalesque Geneva: The European Central Bank (ECB) announced on Thursday the coronavirus economic support plan would remain in place. Its key interest rates are unchanged, and the cen
10 Jun. 2021 Crypto startup Solana raises $314m in the token sale [more]
Laxman Pai, Opalesque Asia: Solana Labs, a developer of decentralized finance projects, raised $314.2 million of new funding in a private token sale to develop technology used in the fast-growing area of the cryptocurrency markets known as decentralized finance, or DeFi. The Blockchain startu
09 Jun. 2021 Emerging market hedge funds outperformed their developed market counterparts in May [more]
Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 1.10% in May 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 0.83% over the same period. Headline inflation rose to 4.2% year on year in April, the high
09 Jun. 2021 DWS closes latest European infrastructure fund at $3.7bn hard cap [more]
Laxman Pai, Opalesque Asia: German asset management company DWS Group closed its third European infrastructure fund at its €3 billion ($3.7 billion) hard cap and ahead of its €2.5 billion target. The manager said the Pan European Infrastructure (PEIF III) was backed by new investors as well a
09 Jun. 2021 Shamrock Capital raises $1bn for Growth Fund V [more]
Laxman Pai, Opalesque Asia: Los Angeles-based investment firm Shamrock Capital closed its latest fund, Shamrock Capital Growth Fund V (SCGF V), at its $1 billion hard cap. The buyout and growth equity fund makes investments of $25 million to $200 million within Shamrock's core industries of m
08 Jun. 2021 The AMF Enforcement Committee fines a German company and its CEO for manipulating the price of a sovereign bond futures contract [more]
Opalesque Industry Update - In its decision of 28 May 2021, the Enforcement Committee imposed a fine of €1.2 million on each of the respondents, Global Derivative Trading GmbH and its CEO, Thorsten Wagner, for manipulating the price of a French sovereign bond futures contract. Between 1 July an
08 Jun. 2021 Hedge funds extended gains in May amidst inflationary pressures [more]
Opalesque Industry Update - Hedge funds extended performance gains in May for the eighth consecutive month as investor optimism accelerated regarding the US economic reopening and despite signs of building inflationary pressures in the US and Europe. The HFRI Fund Weighted Composite Index (FWC)
08 Jun. 2021 Schroders launches $65bn private assets unit [more]
Laxman Pai, Opalesque Asia: Global investment manager Schroders has combined all of its private markets capabilities under one banner as the newly formed Schroders Capital, which will have oversight for $65bn (£45.9bn) worth of assets. The British multinational asset management company said i
08 Jun. 2021 CSC Global acquires private capital fund administrator PEF [more]
Laxman Pai, Opalesque Asia: CSC Global Financial Markets, provider of specialized administration services to alternative asset managers across a range of fund strategies, has acquired private capital fund administrator PEF Services. A press release from the New Jersey-based PEF, which is one o
07 Jun. 2021 Ex Millennium and LMR Partners Portfolio Manager launches R Squared Global Fund [more]
Opalesque Industry Update - Gordian Capital today announced the launch of the R Squared Global Fund managed by William Warner and Justin Leow. The Fund invests in liquid derivative instruments, using quantitative models to arbitrage systematic and structural inefficiencies in the market with strateg
04 Jun. 2021 Emerging markets hedge funds surge as global economy rebounds [more]
Opalesque Industry Update - Emerging Markets (EM) hedge funds, led by funds investing in China, India and the Middle East extended their 2020 surge into 2021 as EM hedge fund capital reached a new record, with performance driven by gains in EM regional equity markets and surging cryptocurrencies.
04 Jun. 2021 U.S. alternative asset managers: Fundraising reach new heights at $67.3bn in Q1 [more]
Laxman Pai, Opalesque Asia: According to Moody's first-quarter report on U.S. alternative asset managers, total fundraising for Q1 2020 rose to $67.3 billion, a 22% increase from the same time a year ago, and 5% from Q4 2020. Meanwhile, total AUMwas up 36% year-over-year and 11% compared to
03 Jun. 2021 Net assets of UCITS and AIFs jump 4.5% in Q1 2021 [more]
Opalesque Industry Update - Net assets of UCITS and AIFs recorded an increase of 4.5% in Q1 2021, reaching €19.6trn, according to the European Fund and Asset Management Association's (EFAMA) latest investment fund industry factsheet. UCITS net assets increased by 5.6%, whereas the net asset
03 Jun. 2021 TA Associates closes 2 funds at a combined $14bn at their hard caps [more]
Laxman Pai, Opalesque Asia: TA Associates closed two funds, both at their hard caps, after six months of fundraising: the $12.5 billion TA XIV and $1.5 billion TA Select Opportunities Fund II. The Boston private equity firm said in a press release that TA XIV was launched in January 2021 and q
03 Jun. 2021 The SPAC boom is sputtering, but it is premature to write it off [more]
Laxman Pai, Opalesque Asia: The special purpose acquisition company (SPAC) boom is sputtering, but market dynamics point to recovery and increased transactions between SPACs and private equity & venture capital (PE/VC), says a report. According to Preqin, 2020 was the year of SPAC, but there
02 Jun. 2021 March trading profits and inflows propel hedge fund AuM to record high of $4.07tln [more]
Opalesque Industry Update - Hedge funds saw $19.1 billion in new assets flow into the industry in March 2021. Coupled with a $28.5 billion monthly trading profit, total hedge fund industry assets rose to more than $4.07 trillion as March ended, a new record high. Most hedge fund sectors experien
02 Jun. 2021 Prestige funds to offer new private finance fund targeted at USA based opportunities [more]
Opalesque Industry Update - Prestige Group, a specialist private lending asset manager with a successful 12- year track record in the private debt market, is adding a new US strategy to its existing range of successful alternative credit funds. Business Finance Opportunities (BFO) is focusing o
02 Jun. 2021 New crypto fund Argentium on a hiring spree [more]
Laxman Pai, Opalesque Asia: Following the announcement of Paola Mantovani joining London-based Argentium as a Principal and Head of Investor Relations, the systematic c
02 Jun. 2021 Hedge fund investors shift focus to ESG outcomes, study finds [more]
Laxman Pai, Opalesque Asia: Alternative investors are increasingly focusing on ESG outcomes to tackle issues such as climate change and diversity, a latest report has found. 68% of alternative funds managers now have strong ESG practices in place, an increase of 18% compared to 2016, said the
02 Jun. 2021 Luminate Capital Partners raises $1bn for the third fund, surpassing the target [more]
Laxman Pai, Opalesque Asia: Luminate Capital Partners, San Francisco-based private equity firm investing in growth software companies, has closed Luminate Capital Partners III at $1 billion, its hard cap. The middle-market buyout fund closed well above its fundraising target of $700 million, b
01 Jun. 2021 Calderwood appoints Anna Goubault as independent director [more]
Opalesque Industry Update - Calderwood, a Cayman Islands boutique fund governance firm, has expanded its senior team with the appointment of legal and regulatory compliance expert Anna Goubault as an Independent Director. Ms. Goubault brings to the firm significant experience in the field of inv
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  1. PE/VC: How Tiger Global earned its stripes as the world's biggest unicorn hunter, The opportunity in private real assets[more]

    How Tiger Global earned its stripes as the world's biggest unicorn hunter From Crunch Base: Tiger Global Management, already one of the most voracious startup investors in recent years, is roaring into 2021 more aggressively than ever. The 20-year-old New York-based investing firm

  2. New Launches: Reverence Capital seeks $1.7bn for new buyout fund, $1.2tn US giant Nuveen launches core impact bond fund into Ucits market, Marlin Equity Partners closes $810m for second Europe fund, Credit Suisse raises $318m climate fund, BNP Paribas AM launches ecosystem restoration fund, Architect Capital raises $100m for asset-based financing[more]

    Reverence Capital seeks $1.7bn for new buyout fund From PE Insights: Reverence Capital Partners is seeking $1.7 billion for its third private-equity fund, re-entering the market less than two years after a predecessor buyout vehicle exceeded its target by 60%, according to people famil

  3. Man Group-Oxford quants say their AI can predict stock moves[more]

    From Bloomberg: Man Group Plc-backed researchers at the University of Oxford say they've created a machine-learning program that can project how share prices move -- notching an 80% success rate for the equivalent of about 30 seconds of live trading. Artificial-intelligence experts at the Oxford

  4. Tiger crowd suffers losses in May, with some funds now in the red, Tiger Global and Third Point are gearing up for a unicorn IPO[more]

    Tiger crowd suffers losses in May, with some funds now in the red From Institutional Investor: May was a rough month for many of the Tiger crowd. Several Tiger Cubs, Seeds and Grandcubs are down by double digits this year. A number of Tiger Cubs, Seeds and Grandcubs posted losses t

  5. New Launches: Madison Dearborn strikes $5bn to close its second-biggest fund to date, Pollen Street Capital IV raises $790m, close to surpass target, Mountaingate Capital Closes Second Fund at $476m, Vontobel launches impact fund for Federated Hermes hire, First Japanese ESG-focused investment fund launched, Greystar raises $882m for pan-European residential fund, Vitality launches ESG fund range[more]

    Madison Dearborn strikes $5bn to close its second-biggest fund to date From Alt Assets: US private equity major Madison Dearborn has struck a $5bn final close for Fund VIII to seal the second-biggest raise in its history. The firm's website confirms the vehicle is currently being u