First Sentinel (NEX: FSEN), the alternative investment company providing growth capital for public and private company investments, is pleased to announce the admission of its entire share capital of 6,359,894 ordinary shares ("Admission") to trading on the NEX Exchange Growth Market ("NEX"). Dealings in the ordinary shares will commence at 8.00am today under the TIDM "FSEN" and ISIN number GB00BZ7PWZ19.
After a long string of redemptions, hedge funds netted an estimated $7.9 billion in inflows in February, and are now positive year-to date in 2017, according to the just-released eVestment February 2017 Hedge Fund Asset Flows Report.
The industry had endured net outflows in each of the last five months, and seven of the last eight, prior to February’s net inflows. Total industry AUM sits at $3.085 trillion, highest since July 2015.
Lawrence Wong, Singapore's Minister for National Development and 2nd Minister for Finance gave the keynote speech at the Investment Management Association of Singapore (IMAS)’s 20th Anniversary Conference today. Minister Wong’s speech is available here.
State Street Corporation (NYSE: STT) and its partnership approach with M&G Investments highlights the innovative solutions being developed to meet the new challenging requirements resulting from significant market events, including Brexit. State Street worked with M&G prior to the United Kingdom’s Referendum vote to evaluate options, and offer insight on product domicile-specificities, including distribution models and accounting requirements.
BRI Partners today announced that it has launched the next generation of hedge fund indexes beginning with the BRI Long/Short Equity Index (BRILSE), calculated by Wilshire Associates, the first in a family of investable indexes that delivers the beta of hedge fund strategies. BRI Partners has developed eight indexes that will be rolled out over the coming months.
The first two weeks of March were marked with four major events in the financial markets. Starting with FED’s decision to raise the rates, which caused treasuries and stocks to rally, while U.S. dollar sank. Gold and oil profited from the rise in the rates and bitcoin was on the rise, continuing the momentum gained after the rejection of Winklevoss’ ETF application. U.S.
Prestige Fund Management, the specialist asset manager that focuses on lending to small and medium businesses in the UK, has launched a new bespoke share class (Participating IDS Shares) for a Middle East, sovereign wealth fund. The new mandate, from a single group in the region, involves a minimum three year commitment to Prestige’s direct lending strategy. This dedicated share class is not accessible to external investors.
Effective 13 March 2017, Ben Ellenbogen, in addition to his responsibility as the Firm's General Counsel, has been appointed as City Financial's Chief Compliance Officer. Ben reports to Lou Thorne, Global Chief Operating Officer, and has the mandate to continue building the Firm's Compliance and Legal functions to the highest industry standards. He is also a member of the Firm's Executive Management Committee.
Hedge fund liquidations increased in the fourth quarter even as the industry surpassed the $3 trillion milestone, bringing the number of closed funds for 2016 to the highest level since 2008. Hedge fund liquidations increased to 275 in 4Q, rising from 252 in the prior quarter, though falling from the 305 funds liquidated in 4Q15, according to the latest HFR Market Microstructure Report, released today by HFR.