Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
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Fidelity Survey: 72% Of Global Investors To Boost Allocation to Illiquid Alternatives in 2017/18
Dec 1 2016 | 6:57pm ET
Institutional allocations to alternative investments are expected to rise sharply over the next few years, according to the latest Global Institutional Investor Survey by Fidelity. In addition, investors are expected to boost exposures to domestic fixed income, cash and liquid alternatives.
Latest News
Trump Names Goldman's Cohn to Chair National Economic Council
Dec 12 2016 | 11:05pm ET
President-elect Donald Trump has named Goldman Sachs President and COO Gary Cohn as head of the White House National Economic Council, a group that helps develop the president's economic agenda and coordinates economic policy across agencies.
Adveq Raises €462M For Sixth European Fund
Dec 12 2016 | 10:52pm ET
Global private equity company Adveq has held a final close on its sixth European buyout fund, raising €462 million for primary, secondary and co-investment opportunities in Europe and easily surpassing its €350 million target.
Value Partners Group Name Au New Chief Executive
Dec 12 2016 | 10:40pm ET
Hong Kong-based Value Partners Group has named former Eastspring Hong Kong CEO Dr. Au King Lun as CEO, as the firm strengthens its management team ahead of what it terms “an era of golden opportunities."
Scaramucci's Skybridge Capital Said to be For Sale
Dec 12 2016 | 6:56pm ET
Alternative investment manager Skybridge Capital, founded by former Goldman Sachs executive and prominent Trump advisor Anthony Scaramucci, is reportedly for sale.
Wellspring Capital Promotes Two Principals to Partner
Dec 12 2016 | 6:00pm ET
Wellspring Capital Management has promoted Matthew Harrison and Seth Pearson to the position of partner.
Amundi To Acquire Rival Pioneer Investments for €3.6B
Dec 12 2016 | 5:54pm ET
A week after announcing exclusive negotiations, Paris-based investment manager Amundi has agreed to buy rival Pioneer Investments from UniCredit for €3.6 billion, a deal that will create the world's eighth largest asset manager and bring in much needed capital for the Italian bank.
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Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?
Dec 6 2016 | 7:18pm ET
When does a fund sponsor need to use a registered broker/dealer when raising capital? At first blush, the rules governing registration requirements and the exemptions available to private funds seem clear, and the use of a placement agent can often solve any potential issues. However, as discussed by Cole Schotz partner Chris Kula, securities laws have not caught up with the realities and developments in the private fund space. When added to a renewed focus on private fund compliance by regulators, the question of whether to raise capital through a registered B/D remains highly relevant for any alternative investment manager looking to grow assets.
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Chris Kula Guest Contributor
A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information
Dec 8 2016 | 9:03pm ET
Conventional wisdom holds that due diligence examines quantitative as well as qualitative characteristics of a manager, but the easiest information to get about a fund – performance numbers, statistics, pitchbooks, etc. – can also be the least likely to truly explain a manager’s style, how he or she thinks, the firm’s operational personality, etc. As pointed out by Bruce Frumerman of Frumerman & Nemeth in this contributed article, such “soft” information has become increasingly important in the minds of institutional investors, and alternative asset managers that don’t pay attention to effectively communicating these attributes may find themselves out of the running for an allocation.
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Bruce Frumerman Lifestyle
Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself
Dec 5 2016 | 11:16pm ET
U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party at the Long Island home of Renaissance's Technologies co-CEO and major campaign donor Robert Mercer over the weekend, but he declined to adhere to the party's theme.
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FINtech
Alphaserve: Unlocking Alpha in Technology Operations
Nov 16 2016 | 6:32pm ET
The rapid pace of technological innovation in the alternative investment industry has steadily raised the profile of operational alpha, or the premise that technology allows a fund’s capital to be allocated much more efficiently and cheaply, in turn freeing up resources for alpha-generating activities like research, personnel, data analytics and marketing. The team at Alphaserve Technologies focuses on unlocking this value through institutional-class IT expertise spanning everything from cloud services to enterprise-wide IT solutions that can scale to size as necessary.
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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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