Trusted Insighthttp://thetrustedinsight.com/2020-09-09T08:09:45.913416-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Why Established Venture Firms Should Court Emerging Managers
2020-09-09T08:09:45.913416-04:00https://www.thetrustedinsight.com/investment-news/why-established-venture-firms-should-court-emerging-managers-20200909361/
In a VC ecosystem that has now looked to embrace the Black Lives Matter affirmation and the diversity conversations that have followed, firms are thinking creatively about how they access investment opportunities by underrepresented talent.
Global Venture Activity, Hubs On The Rise | Distinguished CIO Panel, Part 1
2018-07-17T17:41:53.688163-04:00https://www.thetrustedinsight.com/investment-news/global-venture-activity-hubs-on-the-rise-cio-panel-part-1-20180717484/
In part one of the “Distinguished CIO” panel at Trusted Insight’s 2018 Machine Learning Summit, chief investment officers from a university endowment and prominent foundations discussed the challenges faced in today's persistent low-return environment, the reason they are avoiding dedicated crypto funds and why they are keeping a close eye on emerging venture hubs around the world.
Panelists include Stuart Mason, CIO of the University of Minnesota; Jonathan Hook, CIO of The Harry and Jeanette Weinberg Foundation; and Tim Recker, CIO of The James Irvine Foundation. The panel was recorded on Jun. 14th, 2018 in San Francisco, CA.
LPs On Emerging Managers, Frontier Markets | Hedge Fund Panel Part 3
2017-11-09T10:28:14.628382-05:00https://www.thetrustedinsight.com/investment-news/lps-on-emerging-managers-frontier-markets-hedge-fund-panel-part-3-20171109679/
In this video, LPs discuss their formal and informal approach to implementing diversity; the lack of females in the ranks of hedge funds; and establishing more direct relationships in the Asian and European market. Panelists include: Jonathan Hook, chief investment officer, Harry and Janet Weinberg Foundation; Pamela Campbell, managing director of hedged strategies, Washington University in St. Louis; Dan Parker, deputy chief investment officer, Texas Tech University. Elaine Orr moderated.
Emerging Hedge Fund Managers Are Profitable Below $100M
2017-07-11T14:21:05.548607-04:00https://www.thetrustedinsight.com/investment-news/emerging-hedge-fund-managers-are-profitable-below-100m-20170711955/
Emerging managers have a lot to be bullish about because even though the fund raising environment remains challenging, the break-even cost of running a hedge fund is surprisingly less than people might believe.
Emerging Hedge Funds Outshine Established Peers As Investors Revisit Asset Class
2017-07-11T14:06:05.628261-04:00https://www.thetrustedinsight.com/investment-news/emerging-hedge-funds-outshine-established-peers-as-investors-revisit-asset-class-20170711950/
As investors <a href="https://www.ai-cio.com/news/new-hedge-fund-launches-increase-first-time-iin-year-q1/">again show an appetite for investing in hedge funds</a> this year, emerging managers may warrant a closer look than established firms, research by Preqin suggests.
Budweiser | A Dream Delivered | Folds of Honor
2017-07-02T10:59:50.273212-04:00https://www.thetrustedinsight.com/investment-news/budweiser-a-dream-delivered-folds-of-honor-20170702779/
This summer, we’ve been honoring those who protect our freedom to dream. So we delivered a life-changing scholarship to a family who has sacrificed for their country and for each other with the help ...
Happy 150th Birthday Canada
2017-07-01T13:19:29.769381-04:00https://www.thetrustedinsight.com/investment-news/happy-150th-birthday-canada-20170701777/
Cheers from the Team at Black Swan Dexteritas, Tech Hedge Fund. Enjoy and stay safe !!!<br />
<br />
<a href="http://www.blackswandexteritas.com"><span style="color: rgb(51, 51, 51); font-family: sans-serif, Arial, Verdana, 'Trebuchet MS'; font-size: 13px; background-color: rgb(255, 255, 255);">www.blackswandexteritas.com</span></a>
Simone Dalle Nogare, Macromoney Director, on 06-07/06/17 will attend to GAIM conference in London
2017-06-05T05:32:42.163889-04:00https://www.thetrustedinsight.com/investment-news/simone-dalle-nogare-macromoney-director-on-06-070617-will-attend-to-gaim-conference-in-london-20170605071/
Simone Dalle Nogare, Macromoney Director, on 06-07/06/17 will attend to GAIM conference in London. This event is where global alternative investment managers and investors collaborate to drive capital, implement new industry standards & source cutting edge information.
Maciej Wisniewski, Macromoney FM, will be a speaker tomorrow 10/05/17 at the Hedge Fund Emerging & Startup Manager Forum
2017-05-09T09:57:04.046529-04:00https://www.thetrustedinsight.com/investment-news/maciej-wisniewski-macromoney-fm-will-be-a-speaker-tomorrow-100517-at-the-hedge-fund-emerging-startup-manager-forum-20170509294/
https://finance.knect365.com/hedge-fund-emerging-startup-manager-forum/agenda/1#key-points-when-raising-your-first-fund
On 30/03/17 Macromoney Directors attended to The Investors Choice Awards 2017 Gala Dinner in London
2017-04-03T08:21:52.900099-04:00https://www.thetrustedinsight.com/investment-news/on-300317-macromoney-directors-attended-to-the-investors-choice-awards-2017-gala-dinner-in-london-20170403095/
The annual Investors Choice Awards honor fund managers that have achieved outstanding risk adjusted absolute returns.
Interview with Maciej Wisniewski, Founder and Portfolio Manager at Macromoney
2017-03-28T06:59:39.585094-04:00https://www.thetrustedinsight.com/investment-news/interview-with-maciej-wisniewski-founder-and-portfolio-manager-at-macromoney-20170328874/
Maciej Wisniewski is the Founder and Fund Manager of Macromoney and has full oversight of all company operations. Maciej has 20 years of experience in investments management and in successfully setting up investment funds.
He is the Founder of Investors Investment Fund Company (IIFC), one of Poland's first privately owned investment fund management companies, which was established in 2005. Prior to founding IIFC, he was the Director of Trading at BZ WBK AIB Asset Management in Poznan, Poland, and was a highly successful Proprietary Trader for LG Bank in Warsaw, Poland. He began his career as a stock broker at Raiffeisen Capital, then later moved to Bank Millenium Securities, both in Warsaw. Maciej holds a Master's degree in Finance from the London Business School and a second Master's in Finance and Banking from the Warsaw School of Economics. View Fund Profile
This video may not be disseminated, distributed or used without the prior written consent of Macromoney UK Ltd and Sapia Partners LLP (the “Companies”). This video is a summary and is not an offering or a solicitation of an offer to purchase an interest. Any such offer or solicitation will be made to qualified investors only by means of a confidential private offering memorandum and related offering materials, and only in those jurisdictions where permitted by law. Such offer or solicitation may only be made by means of delivery of that document which contains important information (including investment objective, policies, risk factors, fees, tax implications, and accredited investor qualifications) relating to such investment product or fund. There is no guarantee that the investment objective will be achieved. Moreover, the past performance of the investment team should not be construed as an indicator of future performance. Without limitation, this video does not constitute a recommendation to enter into any proposed transaction or investment. You should not construe the contents of this video as legal, tax, investment or other advice. By accepting this video, you acknowledge that the Companies are not acting as your broker, financial advisor, in any other fiduciary capacity or otherwise as your advisor or agent with respect to transaction or investment. The information contained in this video is based on material that Companies believe to be reliable. Assumptions, estimates and opinions contained in this video constitute information we received from reliable sources as of the date of the document and are subject to change without notice. Neither the Companies or any of their respective officers, directors, employees, agents, controlling persons or affiliates makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained in this video, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to past or future facts or results. The market analysis, projections, targeted returns, estimates and similar information, including all statements of opinion and/or belief contained in this video (collectively, “forward-looking information”), are subject to inherent uncertainties, contingencies and qualifications and are based on a number of assumptions. Forward-looking information involves significant elements of subjective judgment and analysis that may or may not be correct. Macromoney UK Ltd is an Appointed Representative of Sapia Partners LLP, an entity which is authorised and regulated by the Financial Conduct Authority.
On 21/03/17 Simone Dalle Nogare, Macromoney director, took part in the 9th annual Family Office Investment Summit in London
2017-03-28T06:55:21.846318-04:00https://www.thetrustedinsight.com/investment-news/on-210317-simone-dalle-nogare-macromoney-director-took-part-in-the-9th-annual-family-office-investment-summit-in-london-20170328873/
Implementing an asset allocation strategy that not only conserves wealth, but augments and grows the family wealth is of the highest importance to family offices. At this summit it was explored the best ways to map out Family Offices portfolios with a wide variety of investment topics including property investing, private equity, and impact investing as well as risk management and mitigation.
On 1-2/02/17 Macromoney's directors took part in the European Family Office Winter Symposium in London organised by Opal
2017-02-13T05:12:47.785299-05:00https://www.thetrustedinsight.com/investment-news/on-1-20217-macromoneys-directors-took-part-in-the-european-family-office-winter-symposium-in-london-organised-by-opal-20170213381/
This conference was attended by High Net-Worth Individuals,
Family Offices, and Investment Industry Professionals from around the world. Opal
mission is to provide an intimate setting for the free exchange of ideas along
with purposeful connections. The European Family Office winter symposium included
a blend of educational discussion panels, workshops, presentations, and
pre-arranged one-to-one meetings.
Breakout Capital – a Leading FinTech Company Providing Working Capital Solutions to Small Businesses – Secures Credit Facility with Drift Capital Partners
2017-02-09T16:29:26.571876-05:00https://www.thetrustedinsight.com/investment-news/breakout-capital-a-leading-fintech-company-providing-working-capital-solutions-to-small-businesses-secures-credit-facility-with-drift-capital-partners-20170209344/
“We have enjoyed a long-standing financial partnership with Drift, and we appreciate the continued trust they have placed in us with this new credit facility. Drift’s facility will further bolster o...
Are macroeconomic indicators really lagging behind the market?
2016-12-27T08:32:30.443793-05:00https://www.thetrustedinsight.com/investment-news/are-macroeconomic-indicators-really-lagging-behind-the-market-20161227855/
Macromoney December Market Commentary on Eurekahedge
http://www.eurekahedge.com/NewsAndEvents/News/1600/Market-Commentary-by-Macromoney
NYHFR Survey: Operational Alpha Increasingly Important To Emerging Managers
2016-11-18T10:50:08.960835-05:00https://www.thetrustedinsight.com/investment-news/nyhfr-survey-operational-alpha-increasingly-important-to-emerging-managers-20161118454/
Hedge funds are increasingly paying attention to operational alpha as the costs of complying with heightened regulations and the lingering low interest rate environment crimp returns, according to a new survey by the New York Hedge Fund Roundtable, but they're concerned with the security implications.read more
Linear Talk: Macromoney - The equities oriented Hedge Fund
2016-11-02T05:11:52.487038-04:00https://www.thetrustedinsight.com/investment-news/linear-talk-macromoney-the-equities-oriented-hedge-fund-20161102634/
Simone Dalle Nogare - Director at Macromoney Global Investments, joins Colin Lloyd, Author of Macro Investment Letter Service ‘In the Long run’, in the Tip TV - Linear Talk Hedge Show, and details why they run a Hedge Fund which bets only on equities, and how their macroeconomic model helps them identify the best bet in equities in this era of uncertainty. Nogare also offers inputs on their team, and their strategy for investing using derivatives.
Thriving In The Hedge Fund Startup Market: Three Considerations For Emerging Managers
2016-08-24T11:05:07.999835-04:00https://www.thetrustedinsight.com/investment-news/thriving-in-the-hedge-fund-startup-market-three-considerations-for-emerging-managers-20160824152/
It’s no surprise that starting a hedge fund is no easy feat. In an increasingly competitive landscape challenged with evolving investor and regulatory demands, progressive technology and mounting cyber threats, emerging managers can become overwhelmed at the winding path that lay before them. Still, hundreds of emerging managers attempt launching every year due to the prospective monetary and fundamental rewards.
5 Reasons Why Emerging Managers Are Worth A Look
2016-08-09T16:25:06.131918-04:00https://www.thetrustedinsight.com/investment-news/5-reasons-why-emerging-managers-are-worth-a-look-20160809321/
By Diane Harrison Beware the industry naysayers who proclaim hedge funds aren’t worth their salt–fees/risk/terms/etc. Sweeping generalizations may make good headlines, but they are invariably proven false by the minority that refutes them through action/statements/results/etc. Investors who take the time and effort to look under the ‘hedge fund hood’ canRead More
Some Emerging Hedge Fund Managers Reactions To Brexit - Mr. Simone Dalle Nogare
2016-06-30T04:44:40.895052-04:00https://www.thetrustedinsight.com/investment-news/some-emerging-hedge-fund-managers-reactions-to-brexit-mr-simone-dalle-nogare-20160630302/
"Some emerging hedge fund managers’ reactions to Brexit" Opalesque interviews Macromoney Director, Simone Dalle Nogare Mr. Simone Dalle Nogare, director at MacroMoney, said his global macro fund does not forecast but rather reacts to the speed of change (acceleration, deceleration, contraction) of the macroeconomic indicators. "Taking into consideration our approach," he told Opalesque, "I can tell you that at the moment our proprietary macroeconomic model is showing a deceleration of the macroeconomic indicators since one year ago. This deceleration, together with a strong event like Brexit, could push the world economy into recession. We will be closely following the economic indicators in the next two to three months to see if this scenario materializes. If this is the case, then we expect in the medium term a downtrend in the equity markets.” Macromoney Global Investments is a global macrofund with an equity bias domiciled in the BVIs, with $9m in assets under management (AuM). It is up 5.9% YTD (to end May), and the cumulative return since its January 2013 inception is 108% (compared to 47% for the S&P 500). The HFRX Macro Index, which includes both fundamental and quant CTA strategies, posted a decline of -0.55% on Friday (-2% YTD), with contribution from the positioning in the pound, yen, euro, gold, global equities and fixed income.
Macromoney fund manager, Maciej Wisniewski, was pitching the fund at GAIM 2016 in Amsterdam
2016-06-23T06:44:18.641860-04:00https://www.thetrustedinsight.com/investment-news/macromoney-fund-manager-maciej-wisniewski-was-pitching-the-fund-at-gaim-2016-in-amsterdam-20160623920/
Dallas Pension Fund Leader’s Goal: Diversity That Delivers
2016-03-29T10:53:50.650233-04:00https://www.thetrustedinsight.com/investment-news/dallas-pension-fund-leaders-goal-diversity-that-delivers-20160329359/
Cheryl Alston is executive director of the Employees’ Retirement Fund of the city of Dallas, which has set a goal of giving 10 percent of its portfolio to small, diverse investment management compani...
Macromoney is the top performing Macro Strategies Hedge Funds for 2013-15 by Preqin
2016-03-21T10:47:55.832891-04:00https://www.thetrustedinsight.com/investment-news/macromoney-is-the-top-performing-macro-strategies-hedge-funds-for-2013-15-by-preqin-1-20160321919/
Macromoney is the top performing Macro Strategies Hedge Funds for 2013-15 by Preqin 2016 Report
2016-03-21T10:47:35.675495-04:00https://www.thetrustedinsight.com/investment-news/macromoney-is-the-top-performing-macro-strategies-hedge-funds-for-2013-15-by-preqin-20160321918/
Dubai Chamber, IBM Team Up To Launch Entrepreneur Hub
2016-03-08T18:07:19.818504-05:00https://www.thetrustedinsight.com/investment-news/dubai-chamber-ibm-team-up-to-launch-entrepreneur-hub-20160308201/
Dubai Digital Entrepreneurship Hub teams up with IBM to connect start-ups, entrepreneurs, developers, venture capitalists and students.
Can Emerging Nations Create Their Own Silicon Valleys?
2016-03-02T16:56:06.483089-05:00https://www.thetrustedinsight.com/investment-news/can-emerging-nations-create-their-own-silicon-valleys-20160302839/
Innovation requires a level playing field that Silicon Valley elites seem unprepared to give emerging nations. Are the original Valley’s glory days over? And will successful mini versions of the Bay Area’s tech Mecca spring up in other locations around the world?
Simone Dalle Nogare, Macromoney Director, was a panelist at the Alternative Emerging Manager Breakfast Seminar in London organised by Apex on 11th February 2016
2016-02-15T07:59:55.811166-05:00https://www.thetrustedinsight.com/investment-news/simone-dalle-nogare-macromoney-director-was-a-panelist-at-the-alternative-emerging-manager-breakfast-seminar-in-london-organised-by-apex-on-11th-february-2016-20160215059/
Simone Dalle Nogare, Macromoney Director, was pitching the fund at the European Family Office Winter Symposium in London on Monday 8th of February 2016
2016-02-08T19:21:55.133208-05:00https://www.thetrustedinsight.com/investment-news/simone-dalle-nogare-macromoney-director-was-pitching-the-fund-at-the-european-family-office-winter-symposium-in-london-on-monday-8th-of-february-2016-20160208731/
HarbourVest Partners Acquires BofAML Capital Access Funds Group
2016-02-04T10:15:06.091401-05:00https://www.thetrustedinsight.com/investment-news/harbourvest-partners-acquires-bofaml-capital-access-funds-group-20160204479/
HarbourVest Partners has closed on its acquisition of the Bank of America Merrill Lynch Capital Access Funds Group (CAF), a private equity fund-of-funds manager. The BofA unit has historically focused on emerging managers and those managed by minorities or women, advising on approximately $1.9 billion in capital commitments for large institutional clients since inception in 2002. It will be renamed HarbourVest Horizon as part of the transaction, and the group’s six associates will join HarbourVest.
Correction in USA, bear market on the Warsaw Stock Exchange - Macromoney Global Investments Ltd. - Harvest
2016-01-26T06:48:24.011649-05:00https://www.thetrustedinsight.com/investment-news/correction-in-usa-bear-market-on-the-warsaw-stock-exchange-macromoney-global-investments-ltd-harvest-20160126983/
Article on the Polish business press, Parkiet, written by the Macromoney analysts
Texas Teachers To Allocate $1.3B To Emerging Managers
2016-01-20T16:46:33.626913-05:00https://www.thetrustedinsight.com/investment-news/texas-teachers-to-allocate-13bn-to-emerging-managers-20160120844/
Pension fund confirms commitment to 10-year programme
Race, Revenge, And Restitution At New York's Largest Pension Fund
2016-01-19T14:54:57.671033-05:00https://www.thetrustedinsight.com/investment-news/race-revenge-and-restitution-at-new-yorks-largest-pension-fund-20160119741/
In the summer of 2010, Tarrus Richardson was fired from ICV Partners, the New York-based private equity firm he had co-founded 12 years earlier. Last October, that termination quietly resulted in a $...
Chief Investment Officer - The Diversifying World of Venture Capital
2015-11-30T10:09:45.555163-05:00https://www.thetrustedinsight.com/investment-news/chief-investment-officer-the-diversifying-world-of-venture-capital-20151130264/
The ever-dynamic asset class is not for the weak or those with short-term views, research has shown. Winning venture capital investments are no longer controlled by a handful of top managers, according to Cambridge Associates.
The benefits of boutique MAPs
2015-11-13T10:56:19.494734-05:00https://www.thetrustedinsight.com/investment-news/the-benefits-of-boutique-maps-20151113367/
Establishing a hedge fund, let alone attaining the necessary investment track record to entice allocators, is a challenging proposition. The cost of setting up a hedge fund has skyrocketed amid growing regulation and investor demands for institutional-standard infrastructure. Citi's 2014 Hedge Fund Industry Operating Metrics Survey estimated managers required a minimum of USD310million in AUM to ensure their two per-cent management fee covered all of their operational and regulatory overheads.
Hedge fund managed accounts set to grow as market volatility returns
2015-11-13T10:55:02.043158-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-managed-accounts-set-to-grow-as-market-volatility-returns-20151113366/
We live in an age where technological innovations like the e-hailing company, Uber – on track to becoming the most successful start-up ever – and Netflix, which data maps our viewing preferences, are empowering us to live increasingly customisable lifestyles. And in the world of hedge fund investing, the same rules apply, particularly for institutions who want control, transparency, and investment mandates that work on their terms, not those of the manager.
Macromoney fund manager pitching the fund at the Hedge Fund Startup Forum in Zurich
2015-10-26T06:45:16.094309-04:00https://www.thetrustedinsight.com/investment-news/macromoney-fund-manager-pitching-the-fund-at-the-hedge-fund-startup-forum-in-zurich-20151026255/
Maciej Wisniewski, Macromoney fund manager, was pitching the fund at the Hedge Fund Startup Forum in Zurich on Wednesday 21st October 2015. The IIR’s Hedge Fund Startup Forum at The Dolder Grand Hotel in the heart of Zurich was moderated by prominent industry figures and it is considered to be the leading event for those looking to start a hedge fund. Last year over 200 emerging and startup managers and investors attended the conference.
Macromoney fund manager pitching the fund at the Zurich Emerging Manager Breakfasts Seminar
2015-10-22T04:29:15.719428-04:00https://www.thetrustedinsight.com/investment-news/macromoney-fund-manager-pitching-the-fund-at-the-zurich-emerging-manager-breakfasts-seminar-20151022115/
Maciej Wisniewski, Macromoney fund manager, was pitching the fund at the Zurich emerging manager breakfasts event organized by Apex CIS and Backstop.
Hedge funds are doing exactly what they should be doing
2015-10-14T11:08:55.321539-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-are-doing-exactly-what-they-should-be-doing-20151014578/
Eighteen was the number. Not of attendees at this year's Hedgeweek US Fund Awards event in New York, but rather the number of basis points that the average global hedge fund had generated for the year (through August). read more
How Macromoney has beaten August volatility
2015-10-05T08:48:20.761742-04:00https://www.thetrustedinsight.com/investment-news/how-macromoney-has-beaten-august-volatility-20151005967/
You returned 15.13% in August 2015 alone when there was a correction in most markets. How did you do that?
August returns were the results of both our long term macroeconomic model and our short term model tracking volatility. Whilst the earlier gave us the signal to come out of equities at the beginning of April due to the slowing macroeconomic data; the latter gave us the signal in July of a potential upcoming and significant spike in volatility. In response to these signals we opened positions in ‘out of the money’ put options on S&P500. The initial total position in options in July was only 1,5% of NAV but it has generated a 15% net return in August.
Harvest
2015-10-02T08:04:28.075882-04:00https://www.thetrustedinsight.com/investment-news/harvest-1-20151002888/
Macromoney was at HFM Allocator Intelligence Summit 2015 in London, a premier networking and education event designed specifically for allocators, investment consultants, advisors and analysts to mee...
Macromoney analysts lecturing about hedge fund’s best practices
2015-08-11T10:36:35.707631-04:00https://www.thetrustedinsight.com/investment-news/harvest-20150811590/
Macromoney analysts lecturing about hedge fund’s best practices
7 Messages Family Offices Give Emerging Managers
2015-07-27T12:52:40.061525-04:00https://www.thetrustedinsight.com/investment-news/7-messages-family-offices-give-emerging-managers-20150727315/
After attending a recent conference where experts discussed prevalent issues family offices struggle with in terms of their investment management activities, it struck me that there is a certain disc...
Macromoney is partner of the Academy of Capital Market Leaders
2015-07-22T09:53:40.798043-04:00https://www.thetrustedinsight.com/investment-news/macromoney-is-partner-of-the-academy-of-capital-market-leaders-20150722221/
Macromoney Managing Director, Andrzej Maniewski, receives the award as partner of the 10th anniversary of the Academy of Capital Market Leaders
Los Angeles Fire & Police adds 2 emerging managers
2015-07-14T10:58:54.955603-04:00https://www.thetrustedinsight.com/investment-news/los-angeles-fire-police-adds-2-emerging-managers-20150714061/
<div>Los Angeles Fire & Police Pension System invested $25 million each with two emerging managers, OakBrook Investments and Redwood Investments, for active domestic large-cap equity portfolios, said Ray Ciranna, general manager of the $18.6 billion pension fund, in an e-mail to Pensions & Investments. </div><div><br></div><div>The board issued an RFP in December. The other finalists were Affinity Investment Advisors, Poplar Forest Capital and TWIN Capital Management.</div><div><br></div><div>The pension fund in the past year has hired seven emerging managers across asset classes with mandates totaling about $225 million, Mr. Ciranna noted.</div><div><br></div><div>Separately, the board renewed the contract of LM Capital, which runs $344 million in active core-plus fixed income. LM Capital’s contract was set to expire Aug. 31.</div><div><br></div><div>RVK, the fund’s general investment consultant, assisted on both actions.</div>
Maciej Wisniewski, pitching the fund during Dragons' Den at GAIM 2015 in Monaco
2015-06-26T04:42:09.552482-04:00https://www.thetrustedinsight.com/investment-news/maciej-wisniewski-pitching-the-fund-during-dragons-den-at-gaim-2015-in-monaco-20150626754/
Macromoney took part in GAIM 2015 conference where in several occasion the fund manager, Maciej Wisniewski, pitched the fund in front of private and institutional investors.
The Amazingly Consistent Hedge Fund Universe (Except for Fees and Performance)
2015-06-24T12:57:58.469539-04:00https://www.thetrustedinsight.com/investment-news/the-amazingly-consistent-hedge-fund-universe-except-for-fees-and-performance-20150624711/
The number of hedge funds available to investors has
remained largely constant since the crisis, while performance has become more dispersed
and fees are falling, research has found....
CalPERS Hampered by Fee Complications
2015-06-15T15:51:15.507907-04:00https://www.thetrustedinsight.com/investment-news/calpers-hampered-by-fee-complications-20150615535/
CalPERS officials, embarking on a major project to cut the fund's roster of external money managers and reduce fees, are blindfolded because they can't track what is being paid to private equity firm...
Emerging manager Macromoney bets on technology stocks and developed markets
2015-05-19T07:29:12.478275-04:00https://www.thetrustedinsight.com/investment-news/emerging-manager-macromoney-bets-on-technology-stocks-and-developed-markets-1-20150519118/
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<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:
9.5pt;font-family:"Arial",sans-serif;color:black">Benedicte Gravrand, Opalesque
Geneva for </span><i><span style="font-size:9.5pt;font-family:"Arial",sans-serif;
color:#551A8C;mso-bidi-language:HE">New Managers</span></i><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">:</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Here is a
rare Polish hedge fund which combines multi-strategy and global macro
approaches and outperforms its peers thanks to original tactics.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#551A8C">Macromoney</span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">, a fund
manager focused on concentrated investments in securities, futures and options
listed on the main stock exchanges, is a BVI-based firm founded in 2012 with
fund administration in London, prime broker services in New York, and
operational offices in Warsaw, Poland.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Macromoney’s
founder is </span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;
color:#551A8C">Maciej Wisniewski</span><span style="font-size:9.5pt;font-family:
"Arial",sans-serif;color:black">, an investment professional with 20 years of
experience. He also founded in 2005 Investors Investment Fund Company
("Investors TFI"), one of Poland's first privately owned investment
fund management companies, and grew assets in six years from $3.5m to $700m.
Most of the closed-end funds are listed on the Warsaw Stock Exchange.
Previously, he was Director of Trading at BZ WBK AIB Asset Management and
Proprietary Trader for LG Bank, after beginning his career as a stockbroker at
Raiffeisen Capital and Bank Millenium Securities. He claims to have established
one of the first Polish hedge funds (2005), the first gold fund in Poland
(2006) and the first private equity fund in Poland for private investors
(2007).</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">The fund,
Macromoney Global Investments Ltd., combines a multi-strategy and a global
macro approach. Its investment process is twofold; a quantitative approach to
analyse long-term sets of macroeconomic data, and an exploration of these macroeconomic
trends through a bottom-up approach. Incepted in January 2013, the fund
returned 34.6% last year and is up 22.6% YTD (to August). It fee structure is
1% and 10%. The HFRI Multi-Strategy Index is up 3% YTD and the HFRI Macro (Total)
Index 2.4%.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">FOCUS</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"We
have a long-term approach when we look at the supply side of the economy,"
Wisniewski explains. "Experts agree that economies grow in the long-term
thanks to three main forces: labour, capital accumulation and total factor
production (TFP= technological progress, R&D, human capital accumulation).
If we look at the emerging economies’ main growth factor, we realize that it is
the capital accumulation that helps them to develop untill they reach a steady
state. The first decade of 21<sup>st</sup> century is an example of
outperformance of emerging economies driven by consistent infrastructure
investments. Instead, developed economies’ main growth factor is the total
factor production, because having already reached their steady state, they can
only develop further through research and innovation. The last decade of 20th
century is an example of outperformance of developed economies driven by
computing, PC software, internet development, supply management and on time
delivery."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">He believes
that we are at the next stage of technological progress and innovation, which
is driving developed economies’ outperformance this decade. Examples are found
in mobile computing, mobile apps, cloud computing, big data, 3D printing, and
robotics/drones, he notes. So the fund is staying focused on technology stocks
and developed markets, "which, after a period of deleveraging, are
reversing their decade-long of underperformance."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">PROPRIETARY
MACROECONOMIC MODEL BASED ON MOMENTUM SIGNALS</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">The managers
also look at business cycles and use an in-house built proprietary
macroeconomic model based on momentum signals to do so.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"Economies
move up and down and each stage of the economy cycle corresponds to a different
outperforming asset class," he says. "We interpret these economic
cycle changes thanks to a proprietary macroeconomic model ... Usually a
standard momentum strategy is based on the prices of the different asset
classes. Instead our model gives us signals that are based on momentum of
macroeconomic indicators. Thanks to these signals we are able to allocate funds
among different asset classes. To make it easy, our model tries to figure out
whether in the near future there will be a slowdown in economic data or even worst,
if there will be a recession. Following this example (recession), we would
change the asset class into which the fund invests, and move for example from
stocks to cash or safe treasury bonds."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">The model
was tested on different markets and the signals allowed it to outperformed
related benchmarks. Relying on a macroeconomic model based on momentum signals
is more objective than a standard momentum strategy, which is based on the
asset classes’ prices and can be influenced by market players, Wisniewski adds.
He expects more fluctuations of business cycles in the foreseeable future, and
the model will help him interpret them.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">MINING THE
INTERNET COMMUNITY</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">In the fund’s
investment strategy, the manager believes the best potential for long-term
capital appreciation is through equities investing and it is important to look
at things from different perspectives; he does do not only follow research from
investment banks but also from the Internet community of independent investors,
strategists and industry players. Research published last year in the </span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#551A8C">Wall
Street Journal </span><span style="font-size:9.5pt;font-family:"Arial",sans-serif;
color:black">lends credibility to the idea that the "wisdom of
crowds" phenomenon applies not just to encyclopaedia entries and
restaurant reviews, but also to stock market predictions, he notes.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">When asked
about the pros and cons of internet analysis, Wisniewski says: "Internet
analysts seem to be more independent and free thinkers due to their non-strict
relationship with the companies that they try to analyse, not to mention their
different backgrounds and geographical locations. These analysts are also
sometimes able to dig more into the companies they study because they can come
from that particular industry or sometimes even that company. For example, an
engineer working for a Chinese real estate company could potentially give
better insights on this kind of company than an analyst sitting in an office</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">located on
the other side of the world. There is also the risk that the financial data
(e.g. balance sheet, cash flow statement, income statement, etc.) are not of a
good quality. So to address this issue, we use well-known financial data
providers when we analyse raw financial data.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"Of
course, we review their audited annual reports because this is the place where
you have got all the company information; you can’t be biased. Moreover, we do
not follow one idea without testing it against many other researches on the
same subject and even against the comments expressed at the end of the research
by other analysts."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"The
bottom line," he continues, "is that you can have hundreds of people
"working for you," creating a big and creative investment committee
that would be hard to replicate in-house."</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">NEW FEEDER
FUND</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">In 2012,
Wisniewski sold his stake in </span><span style="font-size:9.5pt;font-family:
"Arial",sans-serif;color:#551A8C">Investors TFI </span><span style="font-size:
9.5pt;font-family:"Arial",sans-serif;color:black">to the other partners in
order to start his own hedge fund. He had agreed to an anti-competitive close
and was finally able to start the marketing campaign of the fund in late spring
this year. The fund is now present in several hedge funds databases.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">Macromoney
decided to launch a feeder fund in Poland that would invest 100% in the hedge
fund, the master fund, to accelerate the growth of the AuM.</span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"> </span></p>
<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal;mso-layout-grid-align:none;text-autospace:none"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">"In
October 2014, we are going to make the first issue of the feeder fund in
Poland, under the Polish Securities and Exchange Commission (KNF)," he
adds. "Polish institutional and HNWI clients are not familiar with
offshore strategies so we preferred to create and accommodate this
master/feeder structure to them."</span></p>
Emerging manager, Macromoney, bets on technology stocks and developed markets
2015-05-19T07:15:58.431449-04:00https://www.thetrustedinsight.com/investment-news/emerging-manager-macromoney-bets-on-technology-stocks-and-developed-markets-20150519117/
Benedicte Gravrand, Opalesque Geneva for New Managers:
Here is a rare Polish hedge fund which combines multi-strategy and global macro approaches and outperforms its peers thanks to original tactics.
Macromoney, a fund manager focused on concentrated investments in securities, futures and options listed on the main stock exchanges, is a BVI-based firm founded in 2012 with fund administration in London, prime broker services in New York, and operational offices in Warsaw, Poland.
Macromoney’s founder is Maciej Wisniewski, an investment professional with 20 years of experience. He also founded in 2005 Investors Investment Fund Company ("Investors TFI"), one of Poland's first privately owned investment fund management companies, and grew assets in six years from $3.5m to $700m. Most of the closed-end funds are listed on the Warsaw Stock Exchange. Previously, he was Director of Trading at BZ WBK AIB Asset Management and Proprietary Trader for LG Bank, after beginning his career as a stockbroker at Raiffeisen Capital and Bank Millenium Securities. He claims to have established one of the first Polish hedge funds (2005), the first gold fund in Poland (2006) and the first private equity fund in Poland for private investors (2007).
The fund, Macromoney Global Investments Ltd., combines a multi-strategy and a global macro approach. Its investment process is twofold; a quantitative approach to analyse long-term sets of macroeconomic data, and an exploration of these macroeconomic trends through a bottom-up approach. Incepted in January 2013, the fund returned 34.6% last year and is up 22.6% YTD (to August). It fee structure is 1% and 10%. The HFRI Multi-Strategy Index is up 3% YTD and the HFRI Macro (Total) Index 2.4%.
FOCUS
"We have a long-term approach when we look at the supply side of the economy," Wisniewski explains. "Experts agree that economies grow in the long-term thanks to three main forces: labour, capital accumulation and total factor production (TFP= technological progress, R&D, human capital accumulation). If we look at the emerging economies’ main growth factor, we realize that it is the capital accumulation that helps them to develop untill they reach a steady state. The first decade of 21st century is an example of outperformance of emerging economies driven by consistent infrastructure investments. Instead, developed economies’ main growth factor is the total factor production, because having already reached their steady state, they can only develop further through research and innovation. The last decade of 20th century is an example of outperformance of developed economies driven by computing, PC software, internet development, supply management and on time delivery."
He believes that we are at the next stage of technological progress and innovation, which is driving developed economies’ outperformance this decade. Examples are found in mobile computing, mobile apps, cloud computing, big data, 3D printing, and robotics/drones, he notes. So the fund is staying focused on technology stocks and developed markets, "which, after a period of deleveraging, are reversing their decade-long of underperformance."
PROPRIETARY MACROECONOMIC MODEL BASED ON MOMENTUM SIGNALS
The managers also look at business cycles and use an in-house built proprietary macroeconomic model based on momentum signals to do so.
"Economies move up and down and each stage of the economy cycle corresponds to a different outperforming asset class," he says. "We interpret these economic cycle changes thanks to a proprietary macroeconomic model ... Usually a standard momentum strategy is based on the prices of the different asset classes. Instead our model gives us signals that are based on momentum of macroeconomic indicators. Thanks to these signals we are able to allocate funds among different asset classes. To make it easy, our model tries to figure out whether in the near future there will be a slowdown in economic data or even worst, if there will be a recession. Following this example (recession), we would change the asset class into which the fund invests, and move for example from stocks to cash or safe treasury bonds."
The model was tested on different markets and the signals allowed it to outperformed related benchmarks. Relying on a macroeconomic model based on momentum signals is more objective than a standard momentum strategy, which is based on the asset classes’ prices and can be influenced by market players, Wisniewski adds. He expects more fluctuations of business cycles in the foreseeable future, and the model will help him interpret them.
MINING THE INTERNET COMMUNITY
In the fund’s investment strategy, the manager believes the best potential for long-term capital appreciation is through equities investing and it is important to look at things from different perspectives; he does do not only follow research from investment banks but also from the Internet community of independent investors, strategists and industry players. Research published last year in the Wall Street Journal lends credibility to the idea that the "wisdom of crowds" phenomenon applies not just to encyclopaedia entries and restaurant reviews, but also to stock market predictions, he notes.
When asked about the pros and cons of internet analysis, Wisniewski says: "Internet analysts seem to be more independent and free thinkers due to their non-strict relationship with the companies that they try to analyse, not to mention their different backgrounds and geographical locations. These analysts are also sometimes able to dig more into the companies they study because they can come from that particular industry or sometimes even that company. For example, an engineer working for a Chinese real estate company could potentially give better insights on this kind of company than an analyst sitting in an office
located on the other side of the world. There is also the risk that the financial data (e.g. balance sheet, cash flow statement, income statement, etc.) are not of a good quality. So to address this issue, we use well-known financial data providers when we analyse raw financial data.
"Of course, we review their audited annual reports because this is the place where you have got all the company information; you can’t be biased. Moreover, we do not follow one idea without testing it against many other researches on the same subject and even against the comments expressed at the end of the research by other analysts."
"The bottom line," he continues, "is that you can have hundreds of people "working for you," creating a big and creative investment committee that would be hard to replicate in-house."
NEW FEEDER FUND
In 2012, Wisniewski sold his stake in Investors TFI to the other partners in order to start his own hedge fund. He had agreed to an anti-competitive close and was finally able to start the marketing campaign of the fund in late spring this year. The fund is now present in several hedge funds databases.
Macromoney decided to launch a feeder fund in Poland that would invest 100% in the hedge fund, the master fund, to accelerate the growth of the AuM.
"In October 2014, we are going to make the first issue of the feeder fund in Poland, under the Polish Securities and Exchange Commission (KNF)," he adds. "Polish institutional and HNWI clients are not familiar with offshore strategies so we preferred to create and accommodate this master/feeder structure to them."
Polish hedge fund Macromoney targets international investors
2015-04-21T10:31:58.625011-04:00https://www.thetrustedinsight.com/investment-news/polish-hedge-fund-macromoney-targets-international-investors-20150421823/
<span style="color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none; background-color: rgb(255, 255, 255);">From HFMWeek</span><br style="color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);"><br style="color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);"><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">Emerging manager Macromoney is preparing to target international investors as it steps up its marketing efforts, HFMWeek has learned.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">The $7.5m firm, which has a BVI-domiciled master fund, Polish feeder fund and operations also based in Warsaw, Poland, hopes to bring its asset levels to between $20m and $30m in the next 12 months.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">“We’re in advanced talks with a private bank in Poland,” portfolio manager and founder Maciej Wisniewski told HFMWeek, adding they also wanted to attract capital from HNWIs, family offices, and other accredited, institutional investors outside Poland.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">Macromoney is using the cap intro services of its administrator, Apex Fund Services, to raise its profile and will rely on the private placement regimes of relevant jurisdictions.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">The firm’s strategy is focused on developed market equities, futures and options, using fundamental research and a proprietary systematic model to identify undervalued assets and growth opportunities.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">The fund, Macromoney Global Investments Ltd., has a Cayman Islands-based investment manager, Macromoney Investments, and charges 1%/10%, offering investors quarterly redemptions with a 30 day notice period.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">Alongside Apex, other service providers include Interactive Brokers as prime broker, Deloitte as auditor and Maples and Calder as legal counsel.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">The firm started trading in January 2013 with internal capital, returning 34.7% in the first year and 25.5% in 2014, according to marketing documents seen by HFMWeek.</p><p style="margin: 5px 0px 15px; padding: 0px; border: 0px; font-weight: normal; -webkit-font-smoothing: antialiased; color: rgb(54, 54, 54); font-family: 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 14px; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: 21px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255);">Macromoney, which has a six-strong team, plans to open a London office when it has increased its AuM, Wisniewski told HFMWeek.</p>
Why Experts Reject Emerging Managers and New Ideas
2014-10-25T00:23:38.336268-04:00https://www.thetrustedinsight.com/investment-news/why-experts-reject-emerging-managers-and-new-ideas-20141025482/
In 2007, Steve Ballmer, then-CEO of Microsoft, emphatically predicted that Apple's new phone would fail. "There's no chance that the iPhone is going to get any significant market share," he said. "No...
Sofinnova Ventures Raises $500M
2014-07-31T14:53:54.707667-04:00https://www.thetrustedinsight.com/investment-news/8543-sofinnova-ventures-raises-500m-20140731543/
Sofinnova surpassed its $425 million goal to reach the fund’s hard cap after seeing several companies go public or be acquired recently. They include ZS Pharma Inc. , which went public in June, and L...
Barriers to entry in Venture Capital
2014-06-18T09:44:01.040553-04:00https://www.thetrustedinsight.com/investment-news/7928-barriers-to-entry-in-venture-capital-20140618928/
As with startups, Emerging Managers are told to start small, prove momentum and then scale. Thrive Capital has done this amazingly well, having raised a $10M first fund in 2009, quickly followed by a $40M fund in 2011 and $150M in 2012.
NY State Common Earmarks $500 for Emerging Real Estate Managers
2014-06-04T17:24:14.065806-04:00https://www.thetrustedinsight.com/investment-news/7729-ny-state-common-earmarks-500-for-emerging-real-estate-managers-20140604729/
The pension fund will target companies that have been in business for less than 12 years, have up to $1bn in assets under management and have not raised more than three institutional funds.
LA Fire and Police to Renew Mackay Shields for High Yield Investment Management, Praising Firm's "Defensive" Strategy
2014-05-15T11:58:09.499022-04:00https://www.thetrustedinsight.com/investment-news/la-fire-and-police-to-renew-mackay-shields-for-high-yield-investment-management-praising-firms-defensive-strategy-20140515372/
During this contract period MacKay Shields did not outperform its benchmark. Staff, however,
believes the firm has performed well during a challenging period for a high yield manager with a
strategy that emphasizes credit quality. MacKay Shields has continued to pursue the strategy for
which it was originally hired, and over the course of its tenure with the Fund it has added value net
of fees.
Execs from CalPERS, LA Fire and Police, and Canyon Capital Weigh in on Emerging Manager Real Estate Programs
2014-04-21T15:23:27.092421-04:00https://www.thetrustedinsight.com/investment-news/execs-from-calpers-la-fire-and-police-and-canyon-capital-weigh-in-on-emerging-manager-real-estate-programs-20140421538/
"It was our belief and it is still our belief that real estate is a local business."
CalPERS Seeks Fresh Faces to Manage Investments
2014-04-14T15:45:13.020490-04:00https://www.thetrustedinsight.com/investment-news/6779-calpers-seeks-fresh-faces-to-manage-investments-20140414779/
As a long-term investor, CalPERS cites three financial reasons for using emerging managers: early identification of strong potential to succeed, unique opportunities that might otherwise be overlooked, and cultivating the next generation of talent.
CalPERS Creates New Emerging Managers Program in PE for $200 Million
2014-03-20T11:00:31.741820-04:00https://www.thetrustedinsight.com/investment-news/6417-calpers-creates-new-emerging-managers-program-in-pe-for-200-million-20140320417/
"This new allocation is a reflection of CalPERS ongoing commitment to emerging and diverse managers," said Ted Eliopoulos, CalPERS Interim Chief Investment Officer. "Our goal is to generate appropria...
LACERS Wants an Active Manager for $65 Million Long US/Global REIT Strategy
2014-03-07T15:23:47.198951-05:00https://www.thetrustedinsight.com/investment-news/6179-lacers-wants-an-active-manager-for-65-million-long-usglobal-reit-strategy-20140307179/
LACERS is seeking one or more qualified investment management firms to actively manage approximately $65 million in a long-only U.S. or Global REIT investment strategy. Emerging managers are encouraged to apply.
Texxas ERS Plans to Expand Emerging Manager Program to $1 Billion by 2019
2014-02-28T10:13:09.804690-05:00https://www.thetrustedinsight.com/investment-news/6024-texxas-ers-plans-to-expand-emerging-manager-program-to-1-billion-by-2019-20140228024/
The investment advisory committee is pleased with the results of the program thus far, and will continue to seek out smaller, diverse emerging managers.
PBGC in Need of Investment Manager for $35.5m Emerging Market Equities Portfolio
2014-02-14T11:59:34.117545-05:00https://www.thetrustedinsight.com/investment-news/pbgc-in-need-of-investment-manager-for-355m-emerging-market-equities-portfolio-20140214738/
The PBGC has a requirement for Emerging Market Equities Investment Management Services. The investment management organization that will be retained under contract by PBGC shall be responsible for providing investment management of an international emerging market equity portfolio.
University of Illinois Seeking FoF to Spearhead Emerging Manager of Manager Program
2014-02-14T11:50:49.700850-05:00https://www.thetrustedinsight.com/investment-news/5735-university-of-illinois-seeking-fof-to-spearhead-emerging-manager-of-manager-program-20140214735/
The University approved an allocation of (7%) to create an ‘Opportunity Fund’ within its Endowment Pool ($510 million). In order to fund that allocation, the University is seeking responses from firms interested in constructing a customized Emerging Manager program. The University would prefer separate account mandates but will consider commingled products as well.
CalPERS Emerging and Diverse Manager Forum - Real Estate
2013-12-26T14:19:19.619721-05:00https://www.thetrustedinsight.com/investment-news/calpers-emerging-and-diverse-manager-forum-real-estate-20131226437/
Ted Eliopoulos, Senior Investment Officer, CalPERS; Jim Hurley, Senior Portfolio Manager, CalPERS; Dan Millman, John Lee, Canyon Capital
Coming Soon: “Reality” Hedge Fund TV
2013-12-11T14:59:12.395415-05:00https://www.thetrustedinsight.com/investment-news/3594-coming-soon-reality-hedge-fund-tv-20131211594/
New York (HedgeCo.Net) A hedge fund group is introducing a six part reality TV show called Hedge Fund Lions Den (HFLD). The show will feature three lions or heads of the current hedge fund industry, Luke Ellis, the president of of []
High Five for Largest Hedge Fund Start-ups - MoneyBeat
2013-10-29T11:45:39.625679-04:00https://www.thetrustedinsight.com/investment-news/high-five-for-largest-hedge-fund-start-ups-moneybeat-20131029153/
Only 86 European offshore hedge funds launched in 2012, but those that did take off were bigger....
Mathias Kopp's new private equity fund targets baby boomer businesses
2013-10-17T12:08:28.229191-04:00https://www.thetrustedinsight.com/investment-news/2078-mathias-kopps-new-private-equity-fund-targets-baby-boomer-businesses-20131017078/
Well-known Sydney entrepreneur and investor Mathias Kopp has launched a private equity fund aimed at SMEs owned by baby boomers that don’t have clear succession plans...
Start-Up Hedge Fund Managers - Here's How To Attract Capital
2013-10-15T16:06:46.029805-04:00https://www.thetrustedinsight.com/investment-news/start-up-hedge-fund-managers-heres-how-to-attract-capital-20131015035/
While the financial media is infested with market pundits dispensing wisdom about what kinds of trading strategies are working, there are few, if any, talking heads able to discuss what managers and ...
Meredith Whitney raising money for new hedge fund: sources
2013-10-15T16:00:47.696106-04:00https://www.thetrustedinsight.com/investment-news/2034-meredith-whitney-raising-money-for-new-hedge-fund-sources-20131015034/
Analyst Meredith Whitney, who rose to prominence for a prescient call on Citigroup's mortgage troubles in the lead-up to the financial crisis, is launching a hedge fund, two sourc...
Peak Rock Capital Closes Inaugural Private Equity Fund At $700 Million
2013-09-25T16:36:20.615699-04:00https://www.thetrustedinsight.com/investment-news/1769-peak-rock-capital-closes-inaugural-private-equity-fund-at-700-million-20130925769/
Peak Rock Capital LLC ("Peak Rock") announced the final closing of Peak Rock Capital Fund LP and its parallel fund (collectively, the "Fund"). The Fund, which is the initial investment vehicle for Peak Rock...
Global Hedge Fund AUM Declines in August, New Launches Up
2013-09-18T11:43:15.403424-04:00https://www.thetrustedinsight.com/investment-news/1662-global-hedge-fund-aum-declines-in-august-new-launches-up-20130918662/
Hedge funds witnessed slightly negative returns in August according to this month's Eurekahedge Hedge Fund Index, which was down 0.23%. Global hedge fund AUM declined by $6.3...
$160B New York Retirement Fund Adds to PE portfolio
2013-09-11T14:29:50.617059-04:00https://www.thetrustedinsight.com/investment-news/1609-160b-new-york-retirement-fund-adds-to-pe-portfolio-20130911609/
The New York State Common Retirement Fund (CRF), based in Albany, has allocated more than a half billion in assets across the country and internationally to domestic and private equity investment mana...
Ex-Morgan Stanley Executive Is Said to Seek $2 Billion for infrastructure Fund
2013-09-09T13:45:06.014989-04:00https://www.thetrustedinsight.com/investment-news/1564-ex-morgan-stanley-executive-is-said-to-seek-2-billion-for-infrastructure-fund-20130909564/
Bastion Infrastructure Group, the investment firm led by a former chief operating officer of Morgan Stanley (MS)'s infrastructure arm, is seeking $2 billion for a debut fund that will invest globally,...
Ex-Executives of Blackstone, Temasek and Goldman Raising Taiwan-Focused Fund
2013-09-05T11:27:48.689356-04:00https://www.thetrustedinsight.com/investment-news/1537-ex-executives-of-blackstone-temasek-and-goldman-raising-taiwan-focused-fund-20130905537/
Three senior investment professionals formerly of Blackstone Group, Temasek Holdings Pte. and Goldman Sachs Group Inc. are raising a maiden fund targeting $300 million on behalf of their new firm Zoyi...
Fund View: How little-known Huber Capital funds beat Wall Street
2013-08-28T11:31:08.866251-04:00https://www.thetrustedinsight.com/investment-news/1446-fund-view-how-little-known-huber-capital-funds-beat-wall-street-20130828446/
Portfolio manager Joe Huber may be little-known outside of Los Angeles, yet his acclaimed low-turnover strategy has been making waves on Wall Street for several years...
Ex-Citi Emerging Markets Research Head Plans Hedge Fund
2013-08-27T15:43:55.894935-04:00https://www.thetrustedinsight.com/investment-news/1439-ex-citi-emerging-markets-research-head-plans-hedge-fund-20130827439/
Citigroup Inc.'s former global head of emerging markets equity research, Rhys Summerton, plans to start his own hedge fund in September with at least $20 million of assets....
Millennium Management duo plans record Asia hedge fund launch, say sources
2013-08-27T15:22:03.172340-04:00https://www.thetrustedinsight.com/investment-news/1435-millennium-management-duo-plans-record-asia-hedge-fund-launch-say-sources-20130827435/
Two top executives of Millennium Management LLC are preparing to start a $1.4 billion Asia hedge fund, people familiar with the matter told Reuters, in what would be the region's largest...
Brazil Fund Led by Credit Suisse's Quintella Raises $1.3 Billion
2013-08-27T14:41:39.541219-04:00https://www.thetrustedinsight.com/investment-news/1430-brazil-fund-led-by-credit-suisses-quintella-raises-13-billion-20130827430/
Peninsula Investimentos SA, the Brazilian asset-management firm that Credit Suisse Group AG helped create last year, raised about 3.25 billion reais ($1.3 billion) for a hedge fund that caters to high...
Why a successful corporate employee quit to fund Brazilian startups
2013-08-22T12:43:04.984437-04:00https://www.thetrustedinsight.com/investment-news/1384-why-a-successful-corporate-employee-quit-to-fund-brazilian-startups-20130822384/
Carlos Miranda is the founder of BR Opportunities, a private equity fund looks to invest in emerging companies in Brazil, accelerate their growth, and transform them into market leaders...
Minneapolis private equity firm Mill City Capital is seeking $200M for second fund - Minneapolis / St. Paul Business Journal
2013-08-22T12:24:36.710416-04:00https://www.thetrustedinsight.com/investment-news/minneapolis-private-equity-firm-mill-city-capital-is-seeking-200m-for-second-fund-minneapolis-st-paul-business-journal-20130822379/
Mill City Capital, a private equity firm that backs industrial businesses and food companies, is seeking $200 million for a second fund, according to a regulatory filing...
New Shops Sprouting In Europe
2013-08-15T12:15:37.527373-04:00https://www.thetrustedinsight.com/investment-news/1279-new-shops-sprouting-in-europe-20130815279/
A handful of private equity executives are striking out to form new firms in Europe, another sign the continent's buyout industry is slowly but surely recovering.Our colleagues at Private Equity News ...
Diamondback Founders Plan New Hedge Funds
2013-08-14T15:51:26.919180-04:00https://www.thetrustedinsight.com/investment-news/1259-diamondback-founders-plan-new-hedge-funds-20130814259/
The co-founders of the shuttered Diamondback Capital Management are plotting their return to the hedge fund industry--separately....
Former Goldman Sachs Managing Directors Plan Asia Hedge Fund
2013-08-14T15:26:03.848053-04:00https://www.thetrustedinsight.com/investment-news/1251-former-goldman-sachs-managing-directors-plan-asia-hedge-fund-20130814251/
Three former managing directors of Goldman Sachs Group Inc.'s Japan business plan to start an Asia multi-strategy hedge fund early next year, according to two people with knowledge of the matter....
Karim Mawji's Special Situations, investing for yield: "I'm not afraid to go to cash" - Smarter Investing
2013-08-12T17:27:57.427046-04:00https://www.thetrustedinsight.com/investment-news/1217-karim-mawjis-special-situations-investing-for-yield-im-not-afraid-to-go-to-cash-smarter-investing-20130812217/
Such so-called "Special Situations" often have many moving parts. They can be difficult even for professional investors to fully understand. As a result, stocks in the group rarely get the benefit of...
High-yield Asia debt boom spurs ex-RBS exec to start hedge fund | The Malay Mail Online
2013-08-07T12:19:07.138011-04:00https://www.thetrustedinsight.com/investment-news/1157-high-yield-asia-debt-boom-spurs-ex-rbs-exec-to-start-hedge-fund-the-malay-mail-online-20130807157/
A trio of French ex-bankers led by former Royal Bank of Scotland Group managing director Geoffroy Wallier are planning a US$40 million (RM120 million) Asia fund, seeking to cash in...
Analysis: Commodity funds on track for big launch year in uncertain market
2013-08-07T11:18:59.937312-04:00https://www.thetrustedinsight.com/investment-news/1147-analysis-commodity-funds-on-track-for-big-launch-year-in-uncertain-market-20130807147/
An ex-Glencore oil trader and a veteran grains merchant are among those behind the largest number of commodity fund launches in 3 years despite investor worries...
Perella Weinberg Partners to Launch New Global Macro Alternative Investment Strategy
2013-08-07T11:06:46.708318-04:00https://www.thetrustedinsight.com/investment-news/1145-perella-weinberg-partners-to-launch-new-global-macro-alternative-investment-strategy-20130807145/
Perella Weinberg Partners, a leading, independent financial services firm providing advisory and asset management services to clients globally, today announced that it will launch the PWP Global Macro...
Former Mizuho Credit Trading Head Plans Own Hong Kong Hedge Fund
2013-07-31T11:42:13.864583-04:00https://www.thetrustedinsight.com/investment-news/1045-former-mizuho-credit-trading-head-plans-own-hong-kong-hedge-fund-20130731045/
Jeffrey Yap, former head of Asian fixed-income trading at a unit of Mizuho Financial Group Inc., plans to start his own credit-focused hedge fund in Hong Kong....
Is The SAC Indictment The First Shot in a War Against Outsize Hedge Funds?
2013-07-31T11:39:08.703301-04:00https://www.thetrustedinsight.com/investment-news/1044-is-the-sac-indictment-the-first-shot-in-a-war-against-outsize-hedge-funds-20130731044/
Steve Cohen is getting squeezed from both ends. A federal grand jury just handed down a criminal indictment against Cohen's hedge fund SAC Capital - on counts of wire fraud a...
ML Capital finds Global Macro still king of alternative UCITS
2013-07-23T16:59:59.792820-04:00https://www.thetrustedinsight.com/investment-news/924-ml-capital-finds-global-macro-still-king-of-alternative-ucits-20130723924/
ML Capital's latest report on alternative UCITS finds that investors are still most keen on Global Macro funds...
Hedge Fund Launch: China Equity Fund For U.S. Investors
2013-07-23T12:23:44.921902-04:00https://www.thetrustedinsight.com/investment-news/915-hedge-fund-launch-china-equity-fund-for-us-investors-20130723915/
New York (HedgeCo.Net) - Neuberger Berman, the $214 billion money manager, is launching a China equity fund for U.S. investors....
Scout Global Seeds HFs, Plans Fund Launch
2013-07-22T16:24:20.172832-04:00https://www.thetrustedinsight.com/investment-news/907-scout-global-seeds-hfs-plans-fund-launch-20130722907/
Scout Global Funds, an Australian family office, has seeded new hedge funds and plans to launch a fund of its own....
Former Soros Employee Starts Hong Kong-Based Hedge Fund Company
2013-07-22T12:37:05.368290-04:00https://www.thetrustedinsight.com/investment-news/895-former-soros-employee-starts-hong-kong-based-hedge-fund-company-20130722895/
Zhang Xinliang, a former employee of billionaire investor George Soros's family office, started his own Hong Kong-based hedge-fund company, Magnolia Capital Management Ltd....
Wolff positions pieces for China defence
2013-07-16T16:12:31.850831-04:00https://www.thetrustedinsight.com/investment-news/807-wolff-positions-pieces-for-china-defence-20130716807/
Manager believes China is to this decade what financials and the US housing market were to the last decade...
Hedge Funds Are for Suckers - Businessweek
2013-07-16T15:45:34.943461-04:00https://www.thetrustedinsight.com/investment-news/804-hedge-funds-are-for-suckers-businessweek-20130716804/
At the height of the financial crisis in 2008, a group of famous hedge fund managers was made to stand before Congress like thieves in a stockade and defend their existence to an angry public. The g...
Chicago entrepreneur with Obama ties launches private equity firm| Reuters
2013-07-11T11:50:59.716398-04:00https://www.thetrustedinsight.com/investment-news/750-chicago-entrepreneur-with-obama-ties-launches-private-equity-firm-reuters-20130711750/
* Martin Nesbitt one of Obama's closest friends* Co-founded earlier business with Penny Pritzker* Seeks $500 mln for mid-market buyoutsBy Steve GelsiNEW YORK, July 10 (Reuters-BUYOUTS) - A Chicag...
Ex-UBS Trader's MST Turns to Wealthy Investors for Hedge Fund - Bloomberg
2013-07-10T10:32:50.396770-04:00https://www.thetrustedinsight.com/investment-news/711-ex-ubs-traders-mst-turns-to-wealthy-investors-for-hedge-fund-bloomberg-20130710711/
MST Capital Pty, run by Sydney-based former UBS AG trader Gerard Satur, raised A$10 million ($9.1 million) from wealthy investors for a global macro strategy that will start today....
Claude Porret: Why Emerging Managers are safer than large hedge funds
2013-07-09T11:15:34.001504-04:00https://www.thetrustedinsight.com/investment-news/claude-porret-why-emerging-managers-are-safer-than-large-hedge-funds-20130709304/
OpalesqueTV 47 Degrees North Capital Management is a specialist alternative investment firm offering institutional investors access to early-stage managers, innovative strategies and thematic hedge fund investments. Claude Porret is CEO of the Pfaeffikon, Switzerland based firm set up in in 2006. Before founding 47North, she was Member of the Management Committee and Head of RMF Hedge Fund Ventures and responsible for 19 hedge fund seeding deals at RMF. RMF today is part of the Man Group.
Contrary to the prevalent perception, Claude Porret and her team found that investing in Emerging Managers is less risky than investing in the larger or even “legends” hedge funds – particularly during financial crises.
In this Opalesque. TV BACKSTAGE video, Claude talks about her experiences as an investor in Emerging Managers and “innovative strategies” (or “alternative alternatives” strategies).
Hear more about:
- 47 Degrees North's investment approach: Opportunistic bottom-up fund selection supported by macroeconomic and quantitative analysis
- The significance of peer group ranking
- UCITS Funds: Suitable for opportunistic tactics, but thorough legal due diligence is mandatory
- Why 47 North dismissed 710 of 750 reviewed UCITS funds
- Why UCITS should be combined with offshore funds
- “Invest like CalPERS”: 47°N's Services & Products
- Diversification benefits of innovative strategies
47 North follows a bottom-up investment process consistent with its macro-economic outlook and supported by quantitative analysis. 47°N sources and screens early-stage and specialist managers at the frontier of traditional hedge fund investing, leveraging the firm’s expertise and wide network of industry relationships. 47°N requires a high degree of transparency from potential managers which allows a detailed understanding of how strategy returns are generated and the risk factors driving returns.
California-based pension fund CalPERS and the London-based Guiness family both hold a minority interest in 47 Degrees North Capital Management. 47 North runs parts of CalPERS' emerging manager program and also has a strategic partnership with Iveagh, the Guiness family office based in London. 47 Degrees North Capital Management is registered with the SEC.
Richmond firm starts private equity fund to invest in energy sector - Richmond Times Dispatch: Economy
2013-07-01T13:15:03.936273-04:00https://www.thetrustedinsight.com/investment-news/551-richmond-firm-starts-private-equity-fund-to-invest-in-energy-sector-richmond-times-dispatch-economy-20130701551/
Richmond-based investment banking firm Ewing Bemiss & Co. has started a new private equity fund focused on investing in the energy industry....
CalPERS Commits $50 Million to Clearlake Capital
2013-06-26T12:50:37.309558-04:00https://www.thetrustedinsight.com/investment-news/490-calpers-commits-50-million-to-clearlake-capital-20130626490/
The California Public Employees’ Retirement System (CalPERS) announced that it has committed $50 million to Clearlake Capital, a California-based private equity firm...
Hedge Fund Assets Reach Record, Euro Crisis Fuels Liquidations: HFR - Focus on Funds - Barrons.com
2013-06-26T11:13:49.754295-04:00https://www.thetrustedinsight.com/investment-news/488-hedge-fund-assets-reach-record-euro-crisis-fuels-liquidations-hfr-focus-on-funds-barronscom-20130626488/
Total hedge fund industry assets rose to a record $2.25 trillion at the end of last year, but liquidations were also at a three year high. That's according to a report out today by Hedge Fund Research...