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HELPCENTER
31 Jan. 2019 Shelton Capital Management acquires alternatives boutique Cedar Ridge Partners [more]
Laxman Pai, Opalesque Asia: San Francisco-based multi-strategy asset management firm Shelton Capital Management has acquired alternative specialist boutique Cedar Ridge Partners. Cedar Ridge, a Connecticut-based alternative investment manager, manages credit-focussed, long/short and long-only
30 Jan. 2019 Mizuho-Eurekahedge Index records best outperformance over MSCI ACWI IMI since 2011 [more]
Opalesque Industry Update - The Mizuho-Eurekahedge Index (USD), an asset-weighted index representing the global hedge fund industry performance was down 0.39% in December, bringing its year-to-date loss to 4.09% amidst the global equity market sell-off. Despite ending the year in the red, hedg
30 Jan. 2019 Citco crosses $1tn in Assets under Administration [more]
Laxman Pai, Opalesque Asia: The Citco Group of Companies, a provider of asset servicing solutions to the global alternative investment industry, has passed the $1tn mark for assets under management. The provider of financial products and services to hedge funds claimed in a press release that
30 Jan. 2019 Northern Trust hires Kimberly Evans as new head of US private capital fund admin [more]
Laxman Pai, Opalesque Asia: Chicago-based asset manager Northern Trust has appointed Kimberly Evans to head of private capital fund administration in North America, as it looks to expand its middle- and back-office services for alternative investment managers. The administrator of assets wor
29 Jan. 2019 Validity Finance beefs up investment team [more]
Opalesque Industry Update - Litigation funder Validity Finance has made a notable addition to its growing investment team with the arrival of portfolio counsel William C. Marra in New York. The firm also announced a prominent addition to its governance structure, with Allen Fagin, formerly chair of
29 Jan. 2019 Deutsche Bank's McNamara joins MUFG [more]
Opalesque Industry Update - MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Daniel McNamara as Chief Strategy Officer to support and shape MUFG Investor Services' long-term growth plan. He will be based in London and will report to John Sergide
29 Jan. 2019 CIFC launches first structured credit UCITS fund [more]
Opalesque Industry Update - The CIFC Global Floating Rate Credit Fund opens up access to the firm's structured credit expertise for the first time in a UCITS format. It will invest in some of the more liquid tranches of collateralised loan obligation (CLO) bonds, investing at least half of its funds
29 Jan. 2019 Skittish investors drive hedge fund redemptions to $29.1 billion in November [more]
Opalesque Industry Update - Hedge fund redemptions picked up speed in November, falling short of September's five-year high but outpacing October's level, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions. The Barclay Fund Flow Indicator is
29 Jan. 2019 Lyxor stay neutral on L/S Equity neutral strategies [more]
Laxman Pai, Opalesque Asia: Lyxor in its Weekly Brief said that it would stay neutral on L/S Equity neutral strategies, attractive for diversification, but still at risk from their momentum bias, while factors arbitrage could be unsettled by transversal political drivers. "We are also Neutra
29 Jan. 2019 Institutional investors should turn to short selling: Study [more]
Laxman Pai, Opalesque Asia: Institutional investors, especially pension funds, can be short sellers, said a pair of law professors in a forthcoming paper in the Boston University Law Review. Short selling has the potential to improve the efficiency and fairness of equity markets. Yet institut
29 Jan. 2019 Switzerland-based Tangem to produce world's first physical banknotes for Marshall Islands digital currency [more]
Laxman Pai, Opalesque Asia: Switzerland-based cryptocurrency 'smart card' wallet manufacturer Tangem announced that it would be issuing physical banknotes of the sovereign (SOV) currency for the Marshall Islands. Sovereign, as it is now being named, will officially make history by bei
29 Jan. 2019 Luxor Capital Group takes over Atlantic City casino [more]
Bailey McCann, Opalesque New York: New York-based hedge fund Luxor Capital Group has taken ownership of Ocean Resort Casino in Atlantic City. Bruce Deifik, a Colorado-based real estate developer and former principal owner of Ocean will retain a minority stake in the casino. Luxor is a $3.2 b
28 Jan. 2019 Dalton adds ESG specialist [more]
Opalesque Industry Update - Dalton Investments announced today that Craig Mercer, through his company Dalriata Pty. Ltd, has entered into a consulting relationship with Dalton and will act as an environmental, social, and governance (ESG) specialist. In this role, Mercer will continue building out t
28 Jan. 2019 Former Winton CEO joins DG Partners [more]
Opalesque Industry Update - DG Partners, the London based investment management firm with approximately $1.1 billion in assets under management, today announced that Tony Fenner-Leitao has joined DG Partners (US) to head marketing and business development in relation to Systematic Strategies in Nort
28 Jan. 2019 Lazard beefs up ESG team [more]
Opalesque Industry Update - Lazard Asset Management today announced that Jennifer Anderson and Nikita Singhal have joined the firm as Co-Heads of Sustainable Investment and ESG (environmental, social and governance). Anderson and Singhal are based in London and New York, respectively. "Our inve
28 Jan. 2019 2018 proves a tough year for alternative UCITS funds [more]
Laxman Pai, Opalesque Asia: Only one in six alternative UCITS funds was able to post positive results for the year and assets under management in the total space declined with slightly less than 8%. The LuxHedge Global Alternative UCITS Index posted a loss of -4.45% in 2018, the worst annual r
28 Jan. 2019 A bumper year for private equity buyout deals in 2018: Preqin [more]
Laxman Pai, Opalesque Asia: A total of 5,106 private equity-backed buyout deals were announced through 2018, an all-time record, building on the previous record of 4,829 seen in 2017, said a latest report by Preqin. According to Preqin Insights the total value of these deals also rose to reach
28 Jan. 2019 21% of hedge funds up 5.00% or more in 2018 while 59% posted negative returns [more]
Laxman Pai, Opalesque Asia: According to a new research, the global hedge fund industry registered the worst performance in ten years in 2018 with 59% of funds posting negative returns as turbulent markets exacted a toll. The Preqin All-Strategies Hedge Fund benchmark finished the year with lo
25 Jan. 2019 eVestment: Hedge fund asset flows mixed in 2018 [more]
Bailey McCann, Opalesque New York: Forty-two percent of hedge fund managers were able to raise new capital in 2018, but those that saw redemptions and/or lost money were in the majority, according to the latest hedge fund asset flows report from eVestment. Investors removed -$19.64 billion fr
24 Jan. 2019 Currency asset management doyen Gary Klopfenstein strengthening QCAM's international market growth plans [more]
Opalesque Industry Update - QCAM Currency Asset Management announced that Gary Klopfenstein will serve as a Senior Strategic Advisor to the company. In this role, Mr. Klopfenstein will advise QCAM on both business and trading strategies with a focus on expanding the firm's capabilities and exten
24 Jan. 2019 New Crypto Valley top 50 shows Swiss blockchain industry defying 'crypto winter' [more]
Opalesque Industry Update - Investment company CV VC, in collaboration with PwC Strategy & and IT partner inacta, has published its new quarterly list of the largest and most important companies in Switzerland and Liechtenstein's Crypto Valley Blockchain cluster. The survey finds that, at the en
24 Jan. 2019 Hennessee: Hedge funds lost -2.27% in December [more]
Opalesque Industry Update - Hennessee Group LLC announced today that the Hennessee Hedge Fund Index decreased -2.27% for the month (-2.15% YTD), while the S&P 500 was down -9.18% (-6.0% YTD), the Dow Jones Industrial Average decreased -8.66% (-6.18% YTD), and the NASDAQ Composite Index lost -9.48% (
24 Jan. 2019 Record year for crypto fund launches: 239 new crypto funds were launched in 2018 [more]
Laxman Pai, Opalesque Asia: 2018 was a record year for crypto fund launches. But, interestingly, it was also a record year for fund closures as prices for cryptocurrencies plummeted 80% or more from their record highs, said a research report. A surprising new report from Crypto Fund Research r
24 Jan. 2019 Colony Capital acquires LatAm portfolio from Abraaj [more]
Bailey McCann, Opalesque New York: $44 billion private equity firm Colony Capital has acquired Abraaj's Latin American funds. The news follows a report from the Wall
24 Jan. 2019 Silver Lane acquired by Raymond James [more]
Bailey McCann, Opalesque New York: Boutique investment bank Silver Lane has been acquired by Raymond James. The transaction is expected to close in April of this year. Terms of the transaction were not disclosed. The Silver Lane team will become the Asset & Wealth Management group within the
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