Law books and gavel

CFTC fines JP Morgan Securities USD650,000 over inaccurate large trader reports

The US Commodity Futures Trading Commission (CFTC) has filed and settled charges against JP Morgan Securities (JPMS), a futures commission merchant (FCM), for submitting inaccurate reports relating to the positions held by large traders whose accounts are carried by JPMS.  »


Man with binoculars

Calm markets prevail despite pockets of turmoil worldwide

Equity-market risk declined broadly in the second quarter, falling by some measures to levels not seen in more than 30 years, according to the latest edition of Axioma Insight: Quarterly Risk Review. »


Dark pool

SEC rules ‘supporting’ dark pools, says CMCRC

SEC trading rules may be providing dark venues a regulatory advantage over traditional stock exchanges, according to research by The Capital Markets Cooperative Research Centre (CMCRC). »


Survey

Emerging markets equity hedge funds to lead returns over next five to seven years, says NEPC survey

Endowments and foundations are still bullish on hedge fund strategies, with 65 per cent of respondents noting hedge fund exposure greater than 10 per cent of their total portfolio, according to the Q2 2014 NEPC Poll. »


Guy Mettrick, SuMi TRUST Global Asset Services

Expanding support for alternative UCITS hedge fund managers

SuMi TRUST Global Asset Services (GAS) has been supporting UCITS funds from its Dublin operation since 1995 and non-UCITS funds since 1990. With the growth of alternative UCITS in full swing, the firm is already extending its support to alternative managers beyond its existing (long only) UCITS platform. »


Ian Swallow, Man Group

Dispelling the myths about alternative UCITS

By Ian Swallow – A framework, not an endorsement: The popularity of the UCITS ‘brand’ is beyond question and this continues to be one of the fastest-growing segments of the fund-management industry. Indeed, our own anecdotal experience suggests that investors outside of Europe often prefer to invest in a fund under the UCITS banner. »


Louis Zanolin, Alix Capital

Alternative UCITS enjoy strongest level of growth since 2009

“Over the first six months of this year there’s been an acceleration of AuM growth. According to our database, assets in alternative UCITS have grown by 24 per cent. This is the largest growth, in percentage terms, since we started tracking the universe at the end of 2009,” says Louis Zanolin (pictured), CEO of Alix Capital which runs the UCITS Alternative Index series. »


Jan Viebig, CEO and Head of Alternative Investments at Harcourt Investment Consulting

Research-driven funds designed to mitigate strategy-specific risk

Towards the end of 2013 Harcourt Investment Consulting, the alternatives arm of Vontobel Asset Management, launched a family of three funds under the moniker of “Research-Driven Strategies” (RDS). The objective of these funds was simple: to harvest strategy-specific risk premia in a UCITS fund structure and deliver to investors an absolute return profile independent of market conditions. »


Andrew Dreaneen, Schroders

Manager selection yields substantial results

Last year, the average long/short equity alternative UCITS fund returned 11.07 per cent according to Alix Capital. It was the first sign that these regulated funds could hold their own against their freewheeling offshore equivalents. »


Cyrus Amaria, deputy head of Alternative Investments at Lyxor

Plenty of room for growth as assets reach USD1bn

Last February, just before ESMA published its updated guidelines on ETFs and UCITS, Lyxor Asset Management made its first foray into the alternative UCITS space. Hand picked from its managed account platform, Lyxor launched the Lyxor/Tiedemann Arbitrage Strategy Fund, a merger arbitrage strategy run by TIG Advisors. »


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