W&F Issue 9 2018

Wealth & Finance International - Issue 9 - 2018 5 iM Global Partner has announced the acquisition of a 45% interest in Dynamic Beta investments (previously branded Beachhead Capital). Dynamic Beta investments and iM Global Partner aim to become a major player in the liquid alternatives asset management space across the US and international markets by developing new investment solutions. iM Global Partner is a leading investment and development platform focused on acquiring strategic invest- ments in best-in-class traditional and alternative investment firms in the U.S., Europe and Asia. Dynamic Beta investments is a New York-based innovator in the liquid alternatives space. Its investment strategies have outperformed relevant industry hedge fund indices and peers over the long term. Dynamic Beta investments is focused on delivering hedge fund performance with reason- able fees, daily liquidity and transpar- ency through three main strategies: • Equity Hedge: leverages the tal- ent and resources of some of the world’s most sophisticated equity long/short hedge funds to deliver equity-like returns with lower risk over time; • Managed Futures: a proven diversifier with almost no corre- lation to equities to target capital protection during periods of market stress; and • Multi-Asset/Stable Return: an out- come-oriented solution that can provide stable absolute returns through a complete market cycle. Philippe Couvrecelle, chairman and CEO of iM Global Partner, said: “Dynamic Beta investments has de- veloped a proven, clearly articulated, research-driven investment process to deliver outstanding risk/return profiles with daily liquidity and lower fees than traditional hedge funds. Our deep dive into the liquid alternatives space showed that Dynamic Beta invest- ments’ expertise is unique. We look forward to helping to grow Dynamic Beta investments into a leading player in liquid alternative investment firm.” Andrew Beer, managing partner of Dynamic Beta investments added: “Since 2007, we have demonstrated that we can deliver the diversification benefits of hedge funds without high fees, gating/suspension risk, and sin- gle manager risk. The next generation of liquid alternative products must be able to match or outperform actual hedge funds with lower fees and less risk than single manager products.” Noted Mathias Mamou-Mani, managing partner of Dynamic Beta investments and head of risk management: “Exten- sive research on hedge funds proves that most or all pre-fee returns of hedge funds can be captured through dynamically-adjusted portfolios of market instruments. This validates our position that fee reduction can generate meaningful alpha for our clients. We are excited to work with iM Global Partner to introduce our investment solutions to a broader range of investors.” Jeff Seeley, U.S. chief operating officer and head of distribution for iM Global Partner US added: “At the tail end of a long bull market, advisors and investors clearly appreciate the need to diversify into alternatives, yet too many liquid alternative products have underperformed or not met their stated investment objectives. Dynamic Beta investments’ product suite can provide a compelling solution for institutions, financial advisors, RIAs, high net worth clients and intermediary model portfolios – whether through ETFs, separately managed accounts or signal delivery to UMA platforms – to target capital protection and generate positive returns during bear markets.” RBC Capital Markets served as financial advisor to Dynamic Beta investments in this transaction. On the 20th September Ancala Midstream Acquisitions Limited (‘Ancala Midstream’), announced the appointment of Paul Mitchell as its Chief Financial Officer. Ancala Midstream appoints Paul Mitchell as Chief Financial Officer Paul joins the senior executive team as Ancala Midstream, which owns interests in and operates the Scottish Area Gas Evacuation pipeline and terminal (‘SAGE System’) and the Beryl pipeline, seeks to expand its ac- tivities in the midstream sector across the North Sea. He will play a key role in the further development and implementation of Ancala Midstream’s strategic plans. The SAGE System comprises a 323-kilometre, 30-inch pipeline and a gas processing terminal located at St Fergus, 65 kilometres north of Aberdeen. The 30-inch Beryl pipeline connects into the SAGE System off- shore. Gas is transported through the Beryl pipeline and the SAGE pipeline and processed in the SAGE terminal from 26 offshore fields in the UK and Norwegian sectors of the North Sea. Jim Halliday, Chief Executive, Ancala Midstream, commented: “I am delight- ed to welcome Paul to the team. Paul joins us as we pursue new business opportunities, both through SAGE and further afield. We are working with several North Sea operators as they consider development opportunities in both the UK and Norwegian sectors. Paul’s experience, along with that of our Commercial Director, Angela Fletcher, and Operations Director, David Goodwill, further enhances our ability to offer innovative arrangements to these operators which will assist in maximising economic recovery and the longevity of critical UK infrastructure.” Prior to joining Ancala Midstream, Paul was CFO for oil and gas service company Ramco. After qualifying as a chartered accountant with private practice Ritson Smith in 1997, Paul built extensive business experience working for several small, medium and large companies in operator, service and manufacturing compa- nies across a variety of sectors. He held several managing and financial director roles at companies including Stewart Milne, Sparrows Offshore and Gray & Adams. News