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By Anthony Werley (pictured), Chief Portfolio Strategist, Endowment and Foundations Group, JP Morgan Asset Management – We recently published our Long Term Capital Market Assumptions for 2015. These are our central case expectations for asset class returns, volatilities and correlations over the next 10—15 years, and they are meant to be cycle-neutral. In other words, our return assumptions are independent of the current stage in the business cycle, and are built to reflect long-term market trends.
Our analysis confirms the view that private equity is set to face both tailwind and headwind non-market factors. On the negative side of the outlook,
Bank of the West has appointed Phil Kain, a specialist in the development of leveraged finance loans for middle market private equity sponsors, as director of the bank's Private Equity Group.
Capitalising on his more than 18 years of experience, in his new role Kain will be responsible for covering middle market private equity groups across the country, developing new business opportunities in financing private equity portfolio companies, structuring and underwriting transactions, and growing the bank's overall private equity practice.
Bank of the West's Private Equity Group, led by John Thurston since 2011, has a track record of more
Nearly two-thirds (63%) of UK Small and Medium sized companies (SMEs) predict they will increase productivity by an average of 9% over the next 12 to 24 months, according to new research by Albion Ventures.
One in five (19%) of SMEs forecast productivity gains of at least 20%, according to the 2014 Albion Growth Report, which is designed to shed light on the factors that both create and impede growth among UK SMEs.
Improved market conditions, cited by 42% of respondents, is the biggest factor driving SME productivity followed by enhanced technology (13%), better management (13%) and increased skill levels
Carne Group has been chosen to provide support for the successfully listed River and Mercantile UK Micro Cap Investment Company Limited, which is domiciled in Guernsey.
The Company will be admitted to the Premium Segment of the Official List of the UK Listing Authority and commence trading on the 2 December 2014 on the London Stock Exchange.
The Company is making use of Carne’s Channel Islands management company, which was authorised as an AIFM by the Jersey Financial Services Commission (JFSC) in October. The management company is a non-EU AIFM structure which can be used to distribute funds into the
Arthurian Life Sciences, the fund management company led byProfessor Sir Chris Evans, has formed a partnership with US medtech firm Interrad Medical Inc.
The Minneapolis-based company is the developer and manufacturer of the unique SecurAcath®, the world’s most effective device for securing catheters in hospital patients.
The partnership is the sixth investment of The Wales Life Sciences Investment Fund, managed by Arthurian which was specifically formed to act as General Partner of the fund.
The fund has made a GBP3 million investment in Interrad Medical Inc, acting as cornerstone investor in a financing through which the company will
Although Africa still only makes up a small portion of the private equity market, interest is on the rise as a result of a burgeoning middle class and strong growth figures across the continent as a whole. Economic activity within West Africa tends to be dominated by oil-rich Nigeria, but other countries in the region are also showing promising figures. Preqin’s Funds in Market online service currently tracks 29 private equity vehicles that are seeking to raise an aggregate total of nearly USD80bn in capital for investment within West Africa, or as part of a wider geographical focus.
One country
The Annex IV report under AIFMD contains 38 specific questions for the AIFM and over 300 questions for each AIF being passported across the EU. To say that it is a complex beast is an understatement.
“AIFMD regulation is like an onion; the more you peel it back the more you want to cry,” is the candid response of Joseph Henkel, part of the Global Solutions team at SEI’s Investment Manager Services division in Dublin.
As AIFMs gear up to prepare their first filing by 31 January 2015, SEI is urging its clients, both EU and non-EU, to go
Global law firm White & Case LLP has advised leading European private equity group EQT on the SEK9.7 billion (around GBP820 million) tender offer for all of the shares in Sanitec by Geberit AG.
Switzerland-based Geberit is the European leader in the sanitary technology sector. It has a global presence through sales offices in 41 countries and generated a sales volume of CHF2.3 billion during 2013. Sanitec is the leading producer of bathroom ceramics in Europe with a portfolio of household name brands and sales during 2013 of EUR702 million. It has been a portfolio company of principal shareholder EQT
Confluence, a specialist in investment data management automation, has acquired Belgium-based data solutions provider Orfival.
The acquisition will allow Confluence to leverage Orfival’s product expertise and networks to provide an even more comprehensive Fund Analytics offering to the global asset management industry. Orfival was founded in 1999 and has built up its network amongst European asset managers, insurance companies and pension schemes by offering solutions for portfolio management and analytics, performance measurement and attribution, risk and investment compliance reporting services.
In the U.S., where Confluence is the market leader in mutual fund performance calculation, Confluence clients will now have
Miles Capita has expanded its Alternative Markets Solutions (AMS) services providing a holistic and accessible platform to help insurers allocate to alternative asset classes and strategies.
Miles Capital provides guidance, due diligence, objectives-based asset allocation, industry access, compliance, and practical delivery of alternative assets through a flexible approach. Miles Capital has provided this service to current clients but will now broaden the scope to allow insurers nationwide to take advantage of AMS benefits.
“We are excited to bring AMS to the broader market,” says Gregory Boal, CEO and CIO of Miles Capital. “This is a genuinely different approach to
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