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The business of taking stakes in alternatives managers has gotten crowded and complex. Azimut Group, one of the largest European asset managers, is attempting to differentiate itself from the competition by investing its own money rather than raising private capital from investors. But, even more importantly, it’s offering alternative investment partners potential distribution through its network of 2,300 financial advisors around the world. Massimo Guiati, group co-CEO and head of distribution for Italy-based Azimut, said the move aligns the interests of Azimut with affiliates for the long-term. Since the firm offers products from these managers through its own financial advisors, it can’t compromise on quality. Otherwise, Azimut risks its own reputation with both advisors and end investors by pushing mediocre products, or worse. ....
Why so many commodities, including lumber and iron ore, have climbed to record highs The commodities that help build an economy have rallied, with lumber, copper, and iron ore reaching record prices in recent weeks and demand looks set to continue. “Clearly, commodities have been on a tear,” says Peter van der Welle, strategist at asset management firm Robeco. The rally’s pace is surprising, but “we expected rising inflation expectations and a subsequent boost in demand for assets with inflation-hedging capabilities, like commodities.” Expectations for further global economic growth and a greater need to compensate for inflation risk along with excess liquidity, historically low real interest rates, fiscal stimulus, and a weaker trade-weighted U.S. dollar have underpinned the commodities rally year to date, van der Welle says. ....
Fund News Advisors Can Use: OSAM’s Canvas Adds Defensive Models in Departure From ‘Factor Alpha’ In this week s fund news, OSAM s direct index platform Canvas adds four defensive and dividend-growth models, Cboe files to list Fidelity Bitcoin ETF, and ETF Managers Group lists a new cannabis ETF with U.S. exposure. O’Shaughnessy Asset Management, a money management firm in Stamford, Conn., announced it has added four new defensive and dividend-growth models to its custom indexing platform Canvas. The new models were built out of demand from the firm’s RIA clients for better downside protection through dividend growth and defensive factors. ....
On Thursday, ETF Managers Group, announced that the ETFMG U.S. Alternative Harvest ETF (NYSE Arca: MJUS) will begin trading on the New York Stock Exchange. ....
AMG, Fries Associates settle proxy fight over subadviser changes pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.