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HELPCENTER
09 Sep. 2024 Wealthy families on track to $9.5tn in assets by 2030 [more]
Matthias Knab, Opalesque for New Managers: The wealth of ultra-rich families will likely swell to $9.5 trillion by 2030, according to a study. The number of single-family offices - the in-house investment and ser
06 Sep. 2024 Private and community foundation investments rebounded in 2023 [more]
Laxman Pai, Opalesque Asia: Private and community foundations' endowed funds posted double-digit returns in 2023, a dramatic turnaround from the double-digit negative returns posted the previous year, said a study. According to a study from the Council of Foundations and Commonfund Institu
05 Sep. 2024 Waterfall Asset Management names three new partners [more]
Opalesque Industry Update - Waterfall Asset Management, LLC, a global alternative investment adviser with a focus on specialised, asset-oriented markets, announced today that Zachary Liebmann and Kenneth Nick have become Partners in the firm, and Brian Breakstone has returned to his role as Partner
05 Sep. 2024 Thornburg and Bow River Capital to partner [more]
Opalesque Industry Update - Thornburg Investment Management, Inc., a global investment firm that oversees $46 billion in client assets, and Bow River Capital, an alternative asset manager with $3.6 billion in assets under management, have formed a joint venture to provide flexible private credit sol
05 Sep. 2024 Clearlake Capital acquires Natixis' private credit unit MV Credit [more]
Laxman Pai, Opalesque Asia: California-based private credit firm Clearlake Capital has agreed to buy Natixis Investment Managers' pan-European private credit arm MV Credit Partners. Clearlake said in a press release that the acquisition is expected to close in the fourth quarter of 2024. F
04 Sep. 2024 NCM appoints Michele Cocchiglia as Head of Business Development [more]
Opalesque Industry Update - Geneva-based asset management company Noble Capital Management (NCM) SA has appointed Michele Cocchiglia as its new Head of Business Development. In this role, he will be responsible for promoting NCM's strategies, developing strategic partnerships with qualified inve
04 Sep. 2024 HFA elects 2024 global board of directors [more]
Opalesque Industry Update - The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has the results of its 2024 HFA Global Board of Directors election. HFA members re-elected Bo Megginson and elected Alex Contreras and Leanne Golding as Director
04 Sep. 2024 Cambridge Associates buys Swiss alternative investment firm SIGLO [more]
Laxman Pai, Opalesque Asia: Cambridge Associates (CA), a global investment firm, expanded its alternative investment capabilities with the acquisition of Zurich-based alternative investment specialist SIGLO Capital Advisors. The deal, for an undisclosed amount, is expected to close in autumn
03 Sep. 2024 Crypto experts reveal the most common trading scams, and how to avoid these [more]
Opalesque Industry Update - In the context of cryptocurrency, 'trading' refers to buying and selling cryptocurrencies on various platforms to make a profit. As in traditional financial markets, crypto trading involves speculating about the price movements of different cryptocurrencies. Over th
03 Sep. 2024 Significant expansion of European Fund Classification system [more]
Opalesque Industry Update - The European Fund Classification (EFC), a pan-European classification system of investment funds overseen by industry trade body EFAMA, has significantly expanded its coverage to reach close to 180,000 fund share classes across most European countries. The vast majority o
03 Sep. 2024 Executives say AI investment and ROI will increase in the short term [more]
Laxman Pai, Opalesque Asia: According to a new survey conducted by KPMG, executives say that generative AI (GenAI) is already having a significant impact on how they are charting the course for their organizations. Most say investments will increase with positive ROI expected in the next three ye
02 Sep. 2024 With 28,277 deals, global deal activity down by 16.1% YoY during January-July 2024 [more]
Laxman Pai, Opalesque Asia: A total of 28,277 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally from January to July 2024, said a report. According to GlobalData, this represents a 16.1% year-on-year (YoY) decline in deal volum
02 Sep. 2024 HSBC AM adds to private credit strategies [more]
Bailey McCann, Opalesque New York: HSBC Asset Management (HSBC AM) has added two new strategies to its private credit platform - the Global Transition Infrastructure Debt strategy, and the European Senior Direct Lending strategy. The Global Transition Infrastructure Debt strategy has raised $
02 Sep. 2024 RBC Global Infrastructure Fund raises over $850M [more]
Bailey McCann, Opalesque New York: RBC Global Asset Management Inc. has completed the second close for its latest infrastructure fund, raising over $850 million. The firm said more than 2100 Canadian investors have subscribed to the fund to date. The second subscription followed the Fund'
30 Aug. 2024 A survey reveals that nearly half of family wealth consists of financial assets [more]
Laxman Pai, Opalesque Asia: A survey of Ultra-High-Net-Worth Individuals (UHNWI) reveals that 47% of family wealth consists of financial assets. Despite diverse asset types, a concerning trend in geographic diversification was uncovered. Despite the trend of diversifying booking centers, ne
30 Aug. 2024 Coller Capital leads Abry Partners' $1.6 billion GP-led credit transaction [more]
Bailey McCann, Opalesque New York: Coller Capital and Abry Partners have closed a GP-led transaction to create a continuation vehicle for Abry Advanced Securities Fund III. The firms say the vehicle is the largest GP-led continuation vehicle to date. The continuation vehicle is designed t
29 Aug. 2024 Jersey Finance welcomes tokenization of real world asset guidance [more]
Opalesque Industry Update - Jersey Finance has welcomed the publication (28 August) of new guidance by the Jersey Financial Services Commission (JFSC) focusing on the growing trend of asset tokenization. Recognizing the innovative potential of blockchain technology, the new guidance seeks to promote
29 Aug. 2024 Asset managers prioritize AI adoption [more]
Opalesque Industry Update - As asset managers increasingly leverage data analytics to better understand advisor preferences and opportunities, artificial intelligence (AI) continues to gain momentum as a tool to enhance segmentation and coverage strategy. According to The Cerulli Report-U.S. Interme
29 Aug. 2024 U.S. asset managers cautious on AI deployment [more]
Laxman Pai, Opalesque Asia: Despite the buzz around GenAI, asset managers in the U.S. are proceeding cautiously - forty percent are in the conceptual phase, 25% are developing capabilities, and nearly a third haven't started, according to a study. Less than 5% have a clear strategy. Accor
29 Aug. 2024 Two Sigma names new co-CEOs [more]
Bailey McCann, Opalesque New York: After many years of conflict, the founders of Two Sigma Investments - John Overdeck and David Siegel - are stepping down. The firm announced that Scott Hoffman and Carter Lyons were appointed co-chief executive officers effective Sept. 30. Overdeck and Siege
29 Aug. 2024 Institutional investors view increased digital asset investment as inevitable [more]
B. G., Opalesque Geneva: A recent report claims that digital assets look set to become an inevitable staple in institutional portfolios in the future, what with rising investments, increasingly mature blockchain technology and digital security infrastructure, ongoing efforts to achieve global reg
28 Aug. 2024 Northern Trust Hedge Fund Services expands capabilities to meet growing demand for energy investing [more]
Opalesque Industry Update - Northern Trust Hedge Fund Services (NTHFS) has enhanced its platform to support the growing number of asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. As asset managers expand their portfolios to generate al
28 Aug. 2024 China's QZ Asset Management sued by SEC for securities fraud [more]
Opalesque Industry Update - The Securities and Exchange Commission announced charges against China-based investment adviser QZ Asset Management Limited a/k/a Qianze Asset Management Limited (QZ Asset), its South Dakota-based holding company QZ Global Limited, and the CEO of both entities, Blake Yeun
28 Aug. 2024 Ocorian urges asset managers to prepare for changes to SFDR [more]
Opalesque Industry Update - Ocorian, a provider of trust, administration and fiduciary services for companies, institutions, individuals and funds, is predicting changes to the Sustainable Finance Disclosure Regulation (SFDR) having analysed clues from the formal review of the regulation carried out
28 Aug. 2024 Endowment asset growth outpaces institutional channel [more]
Opalesque Industry Update - Cerulli research finds endowment assets are expected to grow 7.9% annually over the next five years, the highest growth rate of any institutional channel. For traditional asset managers to capture the growth of the endowment channel, they will need to be highly targeted i
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