1 janvier 2018

Although CTAs bounced back in the fourth quarter of 2017, with the return of trending markets, full-year performance figures for managed futures have proven lacklustre, if considerably better than the broadly negative results of 2016.

• Fees
• Diversifying Strategies
• Hedge Funds

Lire la suite : CTAs Deliver Strong Fundraising Despite Performance

1 novembre 2017

Amid the latest round of Direct Lending fundraising, a disturbing theme has started to emerge. Many managers, it seems, are rather keen to lower their hurdle rates – the point at which lucrative catch-ups and performance fees kick in. It is a step that a number of their private equity counterparts have already taken.

• Fees
• Private Markets
• Private Debt

Lire la suite : The Hurdle Rate Debate: Are Private Debt Managers Lowering the Bar?

1 novembre 2017

Three years ago, we witnessed a wave of investment in Multi Asset Credit (or “MAC”) strategies. Not to be confused with Absolute Return or Unconstrained funds, which also experienced a surge in popularity, MAC products were marketed with a yield-boosting agenda and an eye towards upcoming rises in interest rates. In the simplest terms, they represented an exchange of interest rate risk for credit risk.

• Fees
• Private Markets
• Private Debt

Lire la suite : Is This the Moment of Truth for Multi Asset Credit?

1 septembre 2017

The financial crisis ushered in a new era of unlisted infrastructure investment. Three trends - high appetite for illiquid investments, the desire to reduce equity risk exposure after the lessons of 2008 and the subsequent need for income generation in an era of low rates - converged to create a ‘perfect storm’ of demand.

• Private Markets
• Real Assets
• Infrastructure

Lire la suite : Investing in the 'Infrastructure 3.0' Era