a6e9b7ba-8c63-4dee-9484-ccea96a52ad7

Greetings, We begin with China where a part of the fiscal stimulus has been orchestrated via the state-controlled China Development Bank (CDB). The bank is known for financing large infrastructure projects. Source: Macquarie As discussed yesterday, China’s recent growth has been fueled by credit. With increased liquidity (injected via stimulus – for example above) and

... Read more »
Mandeep Sihota

Valuation is a key factor in a fund’s operations – using incorrect valuation numbers can adversely impact a fund. The valuation of illiquid securities in particular, represents a significant challenge for managers. How a manager values these securities carries through to NAV and the market value of AUM

... Read more »
meredith pic for blog

  Ever since that mawkish movie starring Jack Nicholson and Morgan Freeman came out in 2007, it seems people can’t stop talking about their “bucket lists”. There have been songs written about the topic (“I went 2.7 seconds on a bull named Fu Man Chu…”), Internet memes created, and the phrase has completely wormed its

... Read more »
hamilton-bermuda

In today’s environment, the process of establishing, launching and managing a hedge fund has higher barriers to entry than ever before … including higher costs. In the early 2000’s, an initial capital raise of $10 million could enable a new fund to get up and running with good prospects for further growth. In 2016, however, a fund starting with less than $100 million will find it challenging to provide the resources and infrastructure required for long-term viability and to attract institutional assets. To meet this greater start-up price point, many managers are looking to access additional sources of capital outside their home marketplace. An offshore vehicle, either as a stand-alone fund or a feeder fund into an onshore master, is a way to accommodate these international investors.

... Read more »