Magazine Issues»October 2015

A concentration on low volatility in the absolute return sector leads to low diversification and mediocre returns. This is at odds with the funds’ own investment case, says Barry Norris of Argonaut Capital.

Emily HarmsworthThe UK limited partnership is one of the most commonly used structures for European private equity and venture capital funds, and is also used for various other types of private fund.

Process automationTechnology is at the heart of the Sibos conference and has the power to transform the funds industry. But are firms throwing their weight behind automation? What use can they make of ‘big data’? We asked a number of experts.

Alan DundonIt’s probably fair to say that anyone doing the private equity and real estate (PERE) conference circuit back in 2012/13 would have found it difficult to get a fan club off the ground dedicated to the Alternative Investment Fund Managers Directive (AIFMD).

Old computer gameNicholas Pratt examines the development of ‘distributed ledger technology’ and the claim that it could transform clearing and settlement.

Walking awayWill investors be happy to give up local, sub-custody providers? Nicholas Pratt finds the arrival of centralised settlement means they may have to.

BirdsThe choice of meaningful factors and the proxies for them at the investment level are considered by the Edhec-Risk Institute. The article also considers multi-factor investing.

LaunchesWe profile some of the most interesting fund launches in recent weeks and examine the performance of a product already on the market.

Jana MichalikovIn 2014, the Czech capital market recorded all-time growth, breaking through the target of CZK 1 trillion (€37 billion).