Wednesday, 24 August 2016
Last updated 7 hours ago
Aug 16 2016 | 12:56am ET
New research from global asset manager Northern Trust shows the firm expects most investments to generate single-digit positive returns over the next five years, predominantly due to slow economic growth and persistent low interest rates.
Described in the research as “slow growth angst”, the concern is one of six key themes profiled in the company’s annual five year market outlook.
Aug 23 2016 | 10:52pm ET
A new study by fund services provider Elian reveals a significant portion of private equity investors surveyed plan to increase allocations to private credit funds globally over the coming year, while more than half believe the private debt market will grow.
Aug 23 2016 | 6:50pm ET
Emerging markets specialist Gramercy Funds Management has strengthened its executive team with the addition of former Greylock Capital head of trading Chris Tackney.
Aug 23 2016 | 6:34pm ET
Former Paulson & Company structured finance specialist Sihan Shu, a key element of Paulson's infamous pre-crisis bet against the U.S. housing market, has reportedly left to start his own hedge fund company.
Aug 23 2016 | 6:17pm ET
Leon Black's Apollo Global Management has inked an agreement with U.S. regulators to pay $52.7 million to settle charges that several private equity funds affiliated with the firm misled investors about fees and a loan agreement.
Aug 23 2016 | 6:06pm ET
Global alternative asset company TPG has hired former Morgan Stanley private equity executive Sanghoon Lee as a partner at the firm and head of its private equity operations in South Korea.
Aug 23 2016 | 5:57pm ET
Liquid alternatives provider Context Asset Management has disclosed that assets under management for its Context Macro Opportunities Fund have surpassed $100 million at its one-year anniversary.More News
Aug 11 2016 | 4:47pm ET
There have been few sectors of the alternative investment universe under as much fire in recent years as funds of hedge funds. In addition to the common criticisms about low performance and high fees faced by all hedge funds recently, funds-of-funds face an even more fundamental question: Can they can consistently produce the enhanced returns and risk reduction expected from fund selection and portfolio diversification? In other words, do funds-of-funds deliver enough value added to justify the additional layer of fees they charge – especially in this low return environment? The answer, according to OmniQuest Capital CEO Eloise Yellen Clark, depends largely on what type of investor you are.
Aug 9 2016 | 2:39pm ET
The age-old financial concept that higher yields are the result of higher risk and lower liquidity has become much more complicated in the current environment, argues Jeff Haas of asset-backed lending specialist Old Hill Partners. Given the lack of yield and thin liquidity available in some traded credit markets, investors should embrace the illiquidity inherent in prudently structured private debt strategies as a way to capture yield and augment fixed-income allocations.
Jul 25 2016 | 6:29pm ET
If you are compelled by stories of entrepreneurial vision & drive, or simply a fan of great watches, this article is for you. Modern Trader publisher and Alpha Pages CEO Jeff Joseph recently met with a young entrepreneur/founder who checks all the right boxes – he has identified a true problem and product opportunity, he has developed an attractive but affordable solution, and he is both passionate and tireless.
Aug 12 2016 | 10:02am ET
For prudent investors, the ubiquitous tear sheet is ground zero for any further investigation of a fund; the more impressive they are, the more questions they raise. In our inaugural Trade Secrets column on due diligence, we look at a Brazilian direct lending fund whose tear sheet promotes performance that would make any investor sit up straight, including 100% positive months, a Sharpe ratio of 16.7, no drawdowns, and weekly liquidity. But is all as it seems?
Aug 12 2016 | 3:17pm ET
Much of fintech’s promise lies in the utilization of technology and connectivity to connect and automate legacy middle and back-office functions that have long been inefficient, costly and error-prone. The team at BaseVenture has developed an intelligent, scalable, affordable and secure platform, aimed specifically at alternative investment managers, that seeks to eliminate reliance on common but disconnected tools like spreadsheets, email, and PDFs to simplify and streamline both administration and management.
Jun 22 2016 | 6:29pm ET
The first thing you’ll notice when encountering Martin Coward’s new managed futures fund is the unique spelling of its name: dormouse, with a lower-case “d.” It’s reflective of the firm’s entire ethos, which is much more interested in the quiet, systematic application of scientific rigor to the investment process than it is in building your typical hedge fund brand. FINalternatives recently sat down with Coward and COO George Dowdye for a detailed look at dormouse and its unassuming approach to building a better mousetrap.