FUNDS

Tikehau Capital Hires Peter Cirenza

Tikehau Capital, a leading pan-European listed alternative asset management and investment firm today announced the appointment of Peter Cirenza as Head of its London operations, effective 24 April 2017.

In this new role aimed at broadening the Company’s global leadership team, Peter Cirenza will be responsible for helping develop the firm’s private asset strategies (private debt, real estate, and private equity). He will be running the London operations alongside Chairman Lord Peter Levene.

A&P Emerging Manager Index Up 1.13%

The A&P Emerging Manager Index produced a positive return of 1.13% for March 2017 and 3.54% for the quarter.

Hedge funds saw further gains in March, with all leading strategies rounding off a period of positive returns in the first quarter of 2017. The APEM index produced another strong performance of 1.13% for March and 3.54% for the first quarter. The Eurekahedge Hedge Fund Index returned 0.39% for March and 2.34% for the first quarter.

Getnick & Getnick/Labaton Sucharow Recover $40m

Getnick & Getnick LLP and co-counsel Labaton Sucharow LLP have secured the largest ever tax whistleblower recovery in New York state history. New York Attorney General Eric T. Schneiderman announced the $40 million settlement today. The whistleblower, whose identity remains protected, will receive 22 percent of the settlement ($8.8 million), the largest amount and percentage share ever for a whistleblower in a New York False Claims Act case not involving Medicaid.

K2 Advisors Q2 Outlook

K2 Advisors seeks to add value through active portfolio management, tactical allocation and diversification across four main hedge strategies: long-short equity, relative value, global macro and event driven. In their second-quarter (Q2) 2017 outlook, K2 Advisors’ Research and Portfolio Construction teams share the key market events they have an eye on.

Q2 Outlook: After the Trump Bump

Stone Mountain Research Perspective Vol. 50

After “flat” returns in March, hedge funds are still flat during the first two weeks of April. The only strategy struggling in this period is equity hedge, with US large-cap and mid-cap equities being flat and negative respectively. Event-driven and macro strategies lead so far the gains, with macro rebounding from a very bad March, finding themselves in negative territories year-to-date. Relative value and fixed-income strategies remain flat over the first weeks of April, with the FED deciding to reduce its balance sheet.

Federal Way Becomes Aptitude Investment Management

Federal Way Asset Management LP, an investment management firm offering both alternatives management and fiduciary management services with approximately $5.6 billion in assets, including $3.7 billion on a discretionary basis, today announced that it has changed its name to Aptitude Investment Management LP (“Aptitude” or the “Firm”). In connection with the renaming, the Firm has launched a new website, www.aptitudeinvest.com

NN IP’s Straetmans Sees Oil Price Recovery

NN Investment Partners has closed its underweight exposure to Brent in anticipation of a recovery in oil prices.

Brent has been underperforming recently because of an increase in supplies – there has been a surprise rise in Saudi oil production since February while cracks have also appeared in OPEC compliance among other members of the cartel. Outside of OPEC, Russia, for example, has also been slow to engage in production cuts. 

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