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Following on from last week’s article, which identified groups that found success through the first three months of 2015, this extract from the Preqin Quarterly Update: Hedge Funds, Q1 2015 looks at which funds and strategies struggled to perform in Q1.
Discretionary CTAs
CTAs experienced a revival in the latter half of 2014 following several years of subdued performance. Trend followers in particular continue to benefit from reduced levels of correlation between markets; systematic CTAs tracked by Preqin’s Hedge Fund Analyst have returned on average 17.18 per cent over the last 12 months. This contrasts markedly with the performance
Francisco Partners, a technology-focused private equity firm, is to acquire HealthcareSource, a provider of talent management solutions for healthcare.
The transaction is expected to close within approximately 30 days, following satisfaction of customary conditions. President and CEO Peter Segall will continue to lead HealthcareSource following the transaction.
“HealthcareSource has established an impressive leadership position in the important and growing healthcare talent management market,” says Ezra Perlman, partner at Francisco Partners. “The company has real momentum, increasing its customer base from 1,000 to 2,500 healthcare clients and demonstrating an ability to capitalise on growing demand for talent solutions in the healthcare
Morrison & Foerster has appointed Amit Kataria as of counsel in the firm’s Mergers and Acquisitions Practice Group in its Hong Kong office.
Representing corporations, financial sponsors, and portfolio companies, Kataria brings a wealth of experience advising on mergers and acquisitions, and on a broad range of transactional and advisory matters including private equity, securities offerings, and other corporate transactions.
Qualified to practice in New York, Hong Kong, and Delhi (India), Kataria’s experience advising on M&A transactions across these regions gives him a unique perspective on global M&A work. His India experience provides further breadth to our corporate M&A practice
Arma Partners has acted as exclusive financial advisor to Metrologic Group on its sale to French private equity fund Astorg Partners.
Metrologic, a Carlyle Group portfolio company founded in 1980 and headquartered near Grenoble in France, develops state-of-the-art 3D measurement software solutions for high precision testing by leading players in the automotive, aeronautics, industrial and a wide range of other industries. The company’s universally compatible metrology software delivers high performance solutions to around 4,000 customers in 40 countries.
This transaction demonstrates Arma Partners’ strength in European Technology M&A and outstanding track record in
Echo an up-and-coming technology company focused on improving the accessibility and usability of day-to-day products has launched a crowdfunding campaign on CrowdCube.
Echo’s Connect charge-key recently achieved substantial success on Indiegogo, raising over USD56,000 in pre-sales doubling its USD10,000 target in the first 72 hours, and attracting over 30 potential distributors in 20 countries.
The Connect Key is the first ever Apple certified dual connector. It is every micro USB and Apple lightning cable condensed down to one small key-sized connector. Charge your smartphone, android, iPhone, tablets, cameras, and more with one device.
This is the first time
Silicon Valley-based medtech company Scanadu has received USD35 million in Series B funding round led by Fosun International and Tencent Holdings Limited, with participation from China Broadband Capital and Iglobe Partners of Singapore.
A-round investors Relay Ventures, Redmile Group, Ame Cloud Ventures and Three Leaf Ventures, an affiliate of The Broe Group, also participated. Scanadu has now raised USD49.7 million in total funding to date.
“We continue to build out our family of products and move down the path to regulatory clearance in the US and China,” says Scanadu founder and CEO Walter De Brouwer. “Scanadu’s mission has always been
Alter Domus, a provider of fund and corporate services for alternative investment funds and multinational corporations, has been authorised by the Malta Financial Services Authority (MFSA) to act as a depositary.
Alter Domus has been issued with a Category 4b Investment Services Licence to act as a custodian in relation to the type of AIFs indicate in SLC1.03 of Part B IV of the Investment Services Rules for Investment Services Providers.
Alter Domus has launched a depositary service to support the alternative investments industry in meeting the new requirement for funds captured under the AIFM Directive to appoint an independent
PSAV announced today it has acquired AVC Live, a specialist technical production company with a presence in London and the South East of the UK.
AVC specialises in providing audiovisual and production services to hotels and venues and has an impressive client base throughout numerous sectors, spanning 34 years of operation.
PSAV continues to seek growth in the international marketplace, as well as developing the right partnerships; thus the acquisition of AVC. With PSAV's reputation of five-star service and AVC's high-end production capabilities, the two companies provide a perfect match to achieve PSAV's goals. Clients will benefit from the expanded
Custom House Fund Services has opened a new Hong Kong office, significantly expanding its presence in Asia-Pacific and offering for hedge and private equity funds operating within the region.
With the addition of Hong Kong, Custom House now serves its clients from 13 global locations.
Operating as Custom House Fund Services Limited, the office opened earlier this month and will be headed by Tony Kan. As part of the regional expansion, Custom House is enhancing its technology platform to provide a Chinese-language portal and website for clients and underlying investors allowing them to view their NAV statements and fund
Praesidian Capital is leading a USD10.5 million add-on investment, along with United Insurance of America (Kemper), in EmpireCLS Worldwide Chauffeured Services (Empire).
Praesidian, Kemper and M&T Bank had previously provided USD25.5 million to the company in 2013 as part of a refinancing of senior and subordinated debt.
“Our chauffeuring service continues to grow at remarkable rates and is currently one of the largest luxury services in the world,” says Empire Chairman and CEO David Seelinger, who has led the company since 1989. “We drive nearly one million customers each year including VIPs, Fortune 1000 companies, five-star hotel brands and the
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