Dutch investors have responded positively to the first peer-to-peer (P2P) linked bond in the Netherlands, according to Arthur Hopstaken (pictured), director and partner at HJCO Capital Partners (HJCO), the company behind the launch. “We are very happy with the number of subscriptions, especially given the lack of advertising and the registration limit,” said Hopstaken. “We had set ourselves a limit of US$3m related to adequate spread and we have exceeded that limit.”
HJCO: Investment opportunities in Peer-2-Peer Platforms for now only in US and UK
Research provides the world’s first clear view of risks and returns of MarketPlace-Lending
Whoever wants to start seriously investing in MarketPlace Lending on a professional level, has to go to the US and the UK. China finds itself on third place internationally. Continental Europe is lagging behind because of disparity in rules and regulations and the lack of sufficient loans interesting enough for large(r) professional investors.
These are the main conclusions of HJCO Capital Partners, Rotterdam, who publishes an extensive research report, which – as far as known – is the first report that provides a comprehensive view on MarketPlace Lending (MPL). After detailed research the report shows which platforms may be the winners in this market and defines the risks and returns associated with MPL-loans.
Arthur Hopstaken, director and partner of HJCO: “MPL is a fast emerging financial industry. It has an important potential market and is expected to grow as a strong competitor to traditional financial institutions, primarily on the three most important markets: the UK, the US and China. That is why the report focusses on lenders via platforms in these countries. In the UK and the US professional investors have already invested billions of euro’s worth in MPL, which emphasizes the seriousness of this type of financing.”
Co-director and Partner of HJCO Willem Johannesma adds: “Despite the tremendous growth of new initiatives in financing platforms worldwide, we see that investors have much less attractive opportunities compared to borrowers, due to the small size of most platforms, the fact that platforms only exist for a short period and/or the high risk profile of the borrower.”
Most investable financing platforms have common characteristics: they are highly transparent, well organized and managed and have a strong financial base. Borrowers are well profiled and risk models are strongly developed and constantly improved as a result of more available data.
The legislation also forms an important factor for investors. Europe (excluding UK) does not yet agree on a uniform approach and China is still not transparent enough for investors.
Hopstaken explains: “Based on our research, we conclude that at present only a handful of platforms offer serious investment options. We see LendingClub and Prosper as the most attractive platforms because of their risk models, average returns on investment and transparency. Other platform surely will follow. MarketPlace lending will undeniable form a greater part of the global financial system that has placed approximating 200 billion USD in loans in the last couple of years.”
Read more in our report, titled: ‘WHEN FINANCE MEETS INTERNET, The MarketPlace Lending Industry’.
The report shows:
- The importance of MPL for the economy
- An overview showing which forms of MPL are most attractive, seen from risk and return
- An overview of trends within MPL
- Reasons for the rapid growth of MPL:
- technological
- demographic
- capital requirements
- interest
- advantage of supervision (or lack thereof)
- low threshold of investing
Furthermore a summary and explanation on:
- Benefits for investors
- Benefits for the economy
- Risks for investors
- Risks for the MPL-industry
HJCO richt pijlen op peer-to-peer lending
Online marktplaatsen die vragers en aanbieders van leningen direct met elkaar in contact brengen gaan het bankenlandschap veranderen. Dit is de overtuiging van HJCO Capital Partners, dat hier op in wil spelen met een te lanceren beleggingsproduct.
De Rotterdamse aanbieder van alternatieve strategieën verdiept zich al twee jaar in dit fenomeen. Sinds vorig jaar belegt het zelf actief in peer-to-peer (P2P) leningen. De volgende stap is het aanbieden van een op P2P lending gebaseerd beleggingsproduct voor de Nederlandse markt.
Terugblik bijeenkomst Euromast
Afgelopen woensdag hebben wij onze jaarlijkse bijeenkomst gehouden in de Euromast woensdag. Wij hebben genoten van het mooie uitzicht over Rotterdam bij nacht, ook waren we erg verheugd over de grote opkomst, waarvoor onze hartelijk dank.
Willem en Arthur hebben een terugblik gegeven over het afgelopen jaar waarin er zeer goede rendementen zijn behaald in Man AHL Diversified Markets EU en Windmill Trend Evolution en ook verteld over komend jaar met nieuw aanbod van HJCO. Onze organisatie staat voor actief, alternatief en aligned om daarmee kapitaalsgroei én kapitaalsbehoud te behalen. Dit nieuwe aanbod past hierin; het betreft het unieke Leveraged Capital Holdings Fund en het nog verder te ontwikkelen Windmill P2P Income Fund waarover wij later meer informatie zullen sturen.
Wij herhalen nogmaals wat er gezegd is om nu in te schrijven in Leveraged Capital Holdings: degene die in januari en februari inschrijven, betalen geen servicefee ad 0,5% dit jaar over het inschrijfbedrag. Het is een kleine geste om aan te duiden dat wij menen dat de timing goed is om nu in te schrijven. Indien u wilt inschrijven kan dat eenvoudig via dit formulier
Mocht u vragen hebben of meer informatie wensen, laat het ons weten, wij staan voor u klaar. Hieronder vindt u nog enkele foto’s.
‘Obligatiefondsen zorgen voor volgende crisis’
De populariteit van dagelijks verhandelbare obligatiefondsen en ETFs zal de volgende financiële crisis veroorzaken.
Dat zegt Jon Mawby, obligatiespecialist bij GLG, tegen Investment Week.
De grootste obligatiefondsen wereldwijd hebben sinds de financiële crisis van 2008 te maken met afnemende liquiditeit. Dat terwijl beleggers in toenemende mate op de korte termijn gefocust zijn en fondsen met dagelijkse verhandelbaarheid een enorme instroom hebben gezien.
Wanneer iedereen dan tegelijk door een deur naar buiten wil, kan dat volgens Mawby een verwoestende uitwerking hebben op de obligatiemarkten.
The Narrow Road to the Deep North wins the 2014 Man Booker Prize
Richard Flanagan is tonight, Tuesday 14 October, announced as the winner of the 2014 Man Booker Prize for Fiction for The Narrow Road to the Deep North, published by Chatto & Windus.
The Tasmanian-born author is the third Australian to win the coveted prize which, for the first time in its 46-year history, is now expanded to include entries from writers of all nationalities, writing originally in English and published in the UK. He joins an impressive literary canon of former winners including fellow Australians Thomas Kenneally (Schindler’s Ark, 1982) and Peter Carey (Oscar & Lucinda, 1988 and The True History of the Kelly Gang, 2001).
– See more at: http://www.themanbookerprize.com/news/winner-2014-man-booker-prize-fiction#sthash.ms5KMEhc.dpuf
Man Booker Prize 2014 shortlist announced
Joshua Ferris, Richard Flanagan, Karen Joy Fowler, Howard Jacobson, Neel Mukherjee and Ali Smith are today, Tuesday 9 September, announced as the shortlisted authors for the 2014 Man Booker Prize for Fiction.
Their names were revealed by chair of judges, AC Grayling, at a press conference at the headquarters of Man Group, a leading investment management firm and the prize’s sponsor since 2002.
The judges praised the ‘depth and range’ of the list, which includes writers from Britain, the United States and Australia.
The shortlist of six, taken from a longlist of 13, is:
| Author (nationality) | Title (publisher) |
| Joshua Ferris (US) | To Rise Again at a Decent Hour (Viking) |
| Richard Flanagan (Australian) | The Narrow Road to the Deep North (Chatto & Windus) |
| Karen Joy Fowler (US) | We Are All Completely Beside Ourselves (Serpent’s Tail) |
| Howard Jacobson (British) | J (Jonathan Cape) |
| Neel Mukherjee (British) | The Lives of Others (Chatto & Windus) |
| Ali Smith (British) | How to be Both (Hamish Hamilton) |
Chair of the 2014 judges, AC Grayling, comments on behalf of the judges:
‘We are delighted to announce our international shortlist. As the Man Booker Prize expands its borders, these six exceptional books take the reader on journeys around the world, between the UK, New York, Thailand, Italy, Calcutta and times past, present and future.
‘We had a lengthy and intensive debate to whittle the list down to these six. It is a strong, thought-provoking shortlist which we believe demonstrates the wonderful depth and range of contemporary fiction in English.’
This is the first list to reflect the diversity of the novel in English regardless of the author’s nationality, as the Man Booker Prize has opened up to any author writing originally in English and published in the UK. Previously, the prize was open to authors from the UK & Commonwealth, Republic of Ireland and Zimbabwe.
Two authors have previously appeared on the prize shortlist. Howard Jacobson is a former winner of the prize, with The Finkler Question, in 2010. Ali Smith has been shortlisted twice before, with The Accidental (2005) and Hotel World (2001).
AC Grayling is joined on the 2014 panel of judges by: Jonathan Bate; Sarah Churchwell; Daniel Glaser;Alastair Niven and Erica Wagner. The 2014 judges will now re-read the shortlisted titles in order to select the winner, whose name will be revealed on Tuesday 14 October 2014 at a ceremony at London’s Guildhall. The winner announcement will be televised by the BBC, the prize’s media partner.
Man Group has sponsored the prize since 2002. A leading investment management firm, Man Group was recognised as a partner who mirrored the quality, integrity and longevity of the Booker Prize.
Manny Roman, CEO of Man Group, comments:
‘We are very proud to sponsor the Man Booker Prize, recognising the hard work and creativity of these talented authors. The prize underscores Man Group’s charitable focus on literacy and education as well as our commitment to excellence and entrepreneurship. Together with the wider charitable activities of the Man Booker Foundation, the prize plays a very important role in promoting literary excellence that we are honoured to support. Many congratulations to the shortlisted authors.’
The shortlisted authors will take part in a series of public events in the week leading up to the winner announcement, to include: an event for members of the public and UK library staff at the Library of Birmingham on Wednesday 8 October; a talk and signing at The Times and Sunday Times Cheltenham Literature Festival on Saturday 11 October and an audience with the authors at the Southbank Centre on Monday 13 October, hosted by broadcaster Kirsty Wark. Finally, there will be an audience with the winner at Apple’s Regent Street branch on Thursday 16 October.
The Man Booker Prize, formerly the Booker Prize, was first awarded in 1969 to PH Newby for Something to Answer For. It is widely regarded as a touchstone for high quality literary fiction written in English, including in its canon many of the literary trailblazers of the twentieth and twenty-first centuries: fromSalman Rushdie to Hilary Mantel, Iris Murdoch to Peter Carey.
The rules of the prize changed at the end of 2013, to embrace ‘the freedom of English in all its vigour, its vitality, its versatility and its glory wherever it may be’, opening up to writers beyond the UK and Commonwealth. Other changes this year include the number of books a publisher can submit, based on their success in longlists over the previous five years.
The shortlisted authors each receive £2,500 and a specially bound edition of their book. On winning the Man Booker Prize, an author will receive a further £50,000 and can expect overnight fame and international recognition, not to mention a dramatic increase in book sales. Sales of Hilary Mantel’s winning novels, Wolf Hall and Bring Up the Bodies, have exceeded a million copies in their UK editions published by Fourth Estate. Granta, publisher of Eleanor Catton’s 2013 winner, The Luminaries, has sold 300,000 copies of the book in the UK and almost 500,000 worldwide.
Management buy-out bij Man Investments BV
Het management van Man Investments Nederland BV heeft een buy-out gedaan en gaat als zelfstandige onderneming verder onder de naam HJCO Capital Partners BV.
Soft close onderliggend fonds Windmill Fund
Man Group heeft het AHL Evolution hedgefonds gesloten voor nieuwe beleggers na een periode van sterke instroom.
Via het deze zomer in Nederland gelanceerde Windmill Trend Evolution Fund, dat doorbelegt in het AHL-fonds, kunnen Nederlandse particuliere beleggers nog wel beleggen in deze strategie.
Lees het gehele artikel op Fondsnieuws