All news

Thomas Book, chief executive of Eurex Clearing

Eurex Clearing’s Lending CCP to extend covered markets and service scope

Eurex Clearing has extended the product and service scope of its Lending CCP, Europe’s first central counterparty (CCP) service for the bilateral securities lending market. »


Managed futures

Barclay CTA Index down 1.31 per cent in May

Managed futures lost 1.31 per cent in May, according to the Barclay CTA Index compiled by BarclayHedge. »


Trading screens

TORA appoints Brian Tafaro to support business growth

TORA, a provider of trading technology and financial services, has appointed Brian Tafaro as managing director and co-head of TORA Liquidity Services.  »


Handshake

Franklin Templeton completes purchase of equity stake in alternatives specialist Pelagos Capital

Franklin Resources, which operates as Franklin Templeton Investments, has acquired the remaining 80 per cent stake of alternative investments specialist Pelagos Capital Management, LLC, to become a 100 per cent equity stakeholder. Franklin Templeton acquired its initial 20 per cent equity stake in Pelagos in 2010. »


Lanny Lim, portfolio manager, SAIL Advisors

SAIL Advisors’ Lim sees opportunities in Japanese consumption stocks

Asian hedge funds have rediscovered their mojo this year. For the first quarter of 2013, Asian hedge funds were up 5.68 per cent, according to Eurekehedge. This, in turn, has translated into strong performance in the Asia Equity Alpha Fund managed by Hong Kong-based SAIL Advisors, one of Asia’s leading fund of hedge fund firms.  »


FirstRand group chief executive Sizwe Nxasana

Jersey based Ashburton to become part of South African parent’s new investment business

Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank. »


Fraud

Hedge fund manager Shepherd pleads guilty to fraud

North Carolina hedge fund manager James Alexander Shepherd has agreed to plead guilty to charges that he defrauded investors of approximately USD6m.  »


Index

Mixed May performance for Newedge indices

The Newedge Trend Index fell 3.65 per cent in May, relinquishing some of the gains from March and April.  »


Index

Barclay Hedge Fund Index up 1.06 per cent in May

Hedge funds gained 1.06 per cent in May, according to the Barclay Hedge Fund Index compiled by BarclayHedge.  »


iPad

Abacus Group launches FlexDrive

Abacus Group has launched FlexDrive, a file-hosting service that allows hedge funds and private equity firms to securely share and transfer files with other users and other devices.  »


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