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HFR Unveils New Cryptocurrency Indexes As Sector Booms

Dec 15 2017 | 8:18pm ET

Hedge fund industry index provider Hedge Fund Research has debuted two new benchmarks aimed at capturing the performance of hedge funds exposed to the exploding blockchain and cryptocurrency markets. The new measures, named the HFR Blockchain Composite Index and the HFR Cryptocurrency Index, are the first family of indices designed to capture performance of hedge funds investing in this rapidly evolving space.


The Daily Alpha

Real Talk with Denise Crowley of ZAIS Group

Nov 30 2017 | 11:44am ET

Today, we sit down with Denise Crowley, Head of Structured Credit, at ZAIS Group. In our interview, Crowley offers her firm’s take on the state of the fixed income markets (and the future of stimulus flow), an outlook on residential lending heading into the new year, commercial lending risk factors and more.

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HMC Spins Out $3.4B Real Estate Team To Bain Capital

Dec 15 2017 | 11:35pm ET

The 20-person real estate team at Harvard University’s $37 billion endowment will reportedly spin out and become part of a new Bain Capital real estate investment group formed to bring the group aboard.

Wilshire Liquid Alternative Index Gains +0.32% in November

Dec 15 2017 | 9:44pm ET

Liquid alternatives continued to broadly outperform their hedge fund brethren in November, according to new data from Wilshire Associates, driven primarily by long-biased equity strategies. 

Capital Partners Closes Third Equity Income Fund At $600M

Dec 15 2017 | 9:30pm ET

Private equity company Capital Partners LLC has raised $600 million in capital commitments for its third equity income fund, hitting its hard cap.

Amundi Announces Absorption Of MiFID II Research Costs

Dec 15 2017 | 9:04pm ET

Bringing its final decision nearly down to the wire, Paris-based money manager Amundi has announced it will absorb the costs of sell-side and independent research once the EU’s MiFID II regulatory framework comes into effect in January 2018.

SS&C GlobeOp: Hedge Fund Performance Index Down -0.40% In November

Dec 15 2017 | 8:24pm ET

Hedge fund performance slipped in November after several consecutive months of positive returns, according to new data from SS&C GlobeOp, while net asset flows also took a breather.

John Griffin Said To Close Blue Ridge Capital

Dec 15 2017 | 8:03pm ET

Veteran hedge fund manager and original tiger cub John Griffin is reportedly shuttering Blue Ridge Capital after thirty years in the industry and will return capital to investors, as the inexorable bull market in equities and years of low interest rates dent long/short strategies.

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In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is rapidly changing the capital formation landscape, says John Borchers of Palo Alto- based Decathlon Capital Partners, especially for established lower middle-market firms. Increasingly, companies that don’t fit the typical VC or traditional-lender profile are looking to non-dilutive, flexible and patient revenue-based funding structures that can underwrite growth acceleration and value creation. 

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Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to new levels and purchase prices to the point where generating superior returns is much harder to accomplish, says Art Saxby of executive-as-a-service firm Chief Outsiders in this contributed article. In the process, the ways key company metrics like EBITDA growth are changing.

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CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered Financial Analyst exams will need to add a series of computer and data science topics to the body of knowledge they need to know in order to earn one of the industry's most selective designations.

The move comes as the fintech sector booms and quantitative investment models, algorithmic trading and alternative data sets play increasingly prominent roles in the asset management industry.     

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Synechron: The 'Power of 3' Approach To Fintech

Mar 2 2017 | 10:08pm ET

As the fintech space expands and matures, financial services firms are increasingly turning to one-stop-shops that combine the best of start-up innovation in areas like blockchain with process, design and technology development capabilities that can all wrap together in pursuit of broad, strategic goals. The key, according to the team at New York-based Synechron, is what the company terms the "Power of 3" - being agile enough to meet the changing needs of clients, continually investing in R&D, and yet still being large enough to scale any global project.

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From The Archives

Due Diligence Beyond The Tear Sheet

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?

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