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In light of the current fiscal and monetary concerns that are gripping the minds of investors around the world, Institutional Asset Manager asked the heads of some of the world’s leading asset managers to share their thinking on portfolio management trends post-Lehman and beyond 2011 in concise fashion. Jeff Molitor (pictured), CIO Europe, Vanguard, responds:
"In both the equity and fixed income space, the move away from capitalization-weighted benchmarks to equal-weighted or alternative benchmark approaches is an unfortunate trend in institutional investment segments, reflecting a backwards-looking view of the markets and active bets based on data-mining (marketed as indexing). As
Stratus Group, a Brazilian private equity firm focused on mid-market investments, has made a USD32 million investment to take a majority stake in a Brazilian corporate fleet management company, Maestro. The equity transaction was also financed by a co-investment from DEG – the German Development Financial Institution – and represents the first transaction of the Stratus Capital Partners program, which has recently been launched to follow the successful flagship fund, Stratus Growth Capital I.
The car rental sector in Brazil grew by 17% in 2010 to USD3.1 billion, and has grown at a compound annual growth rate of 11% since
In the wake of several years of underwhelming performance and lack of liquidity, many private equity fund managers are increasing transparency and decreasing fees to attract and retain skeptical investors, according to a global survey report released by SEI in collaboration with Greenwich Associates.
In fact, the majority of managers polled (59 per cent) said they have increased transparency to retain/attract new capital since the 2008 market decline, while more than a third of managers (37 per cent) said they have lowered management fees. The survey report, titled "Client Knowledge to Competitive Advantage," points to both an increasingly wary investor
RJD Partners (RJD) has sold its investment in TransLinc, the market leader in the provision of specialised vehicles and related services to local authorities and the utilities market, in a trade sale to May Gurney Integrated Services.
The transaction values TransLinc at GBP65.6 million, giving a return to RJD of approximately 2.7x its original investment and an IRR of 26%. TransLinc is the second realisation from RJD’s second fund, RJD Private Equity Fund II.
RJD backed the GBP50 million buyout of TransLinc in June 2007.
Having originally been formed within Lincolnshire County Council, TransLinc has grown to become the market
Ingenious Ventures has launched its fifth Shelley Media Fund, providing another great opportunity for investment in the fast-growing entertainment sector.
The Fund will invest in HMRC pre-approved EIS companies producing films, television programmes and video games. These media sectors continue to exhibit strong indicators for sustained growth despite wider uncertainty in the macro-economic environment. Ingenious has made this exciting growth sector accessible to a wide market, with a minimum investment amount of just GBP3,000.
Ingenious Ventures anticipates that the Fund will generate tax free returns of 13.7% p.a. (a gross equivalent return of 27.3% p.a. for a 50% taxpayer).
Private equity firm Denham Capita has committed USD200M to establish an African mining platform in partnership with Pangea Exploration, a South African mining exploration company. The new business will target a wide range of opportunities across Africa.
Pangea Exploration is led by Rob Still and his team, who have a strong track record of entrepreneurial success and proven operating experience in large corporate ventures. Mr. Still’s recent positions included Chairman of Zimbabwe Platinum Mines (Zimplats), Chairman of Metorex and director of Pan African Resources.
The new venture will look at opportunities across all stages of the project life cycle, from
Prominent investors are using the recent market turmoil as an opportunity to pressure private equity firms into changing the way they organise their fee structures. Sovereign wealth funds have been particularly vociferous about changing the traditional model of management fees of up to two percent. Mark Spinner (pictured), partner at international law firm Eversheds, comments…
The thorny issue of ‘excessive management fees’ has been around for a little while now and with some of the mega leveraged buy-out funds it is not hard to see why. A 2% annual management fee on a Fund of EUR6 billion amounts to a
Global venture capital firm Accel Partners has launched its Big Data Fund, a new USD100m investment initiative created to identify innovative entrepreneurs seeking to build category-defining companies at every layer of the Big Data stack.
Accel’s Big Data Fund aims to fund transformative companies throughout the Big Data ecosystem, from next generation storage and data management platforms to a wide range of revolutionary software applications and services, including data analytics, vertical applications, mobile, and many more. Accel Partners will manage its Big Data Fund across global offices in US, London, China and India.
"Big Data consistently drives innovation across our
Some 96% of private equity backed companies says that their private equity investors have improved or not affected performance, according to the BDO Corporate Finance’s 2011 PrIvate Equity Survey, which polls the views of Private Equity Houses and their portfolio companies.. The main reason cited was the expertise and support provided, followed by access to capital. Only 4% suggested that performance had been harmed.
The survey also found that 69% of respondents agree that the main focus of management over the last 12 months has been organic growth, while 75% predict that this will also be the main focus for
Bedell Trust is strengthening its presence in Mauritius with the launch of Bedell Management Services (Mauritius) Limited, a full service management company, providing corporate, trust and fund administration services. Its range of expertise complements the legal advice provided by Bedell Cristin (Mauritius) Partnership, which opened in November 2010 and has swiftly established itself in the region for its expertise in handling complex cross-border transactions.
Bedell Management Services (Mauritius) Limited will be led by Yuvraj Juwaheer (pictured), who has over 15 years’ experience in the global finance business sector. Juwaheer was a member of the Mauritian government steering committee set up
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