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Following a frustrating period in June, three of the Societe Generale’s CTA indices posted positive performance in Jul, with the SG CTA index was up 0.73 per cent, but still down year to date at -2.74 per cent, the SG CTA Mutual Index meanwhile, up 1.61 per cent, making it the best performing index to date so far this year but still 0.85 per cent year to date. Short term trading strategies had a mixed July, flat -0.08 per cent, and remain down 7.03 per cent year to date. Trend followers fared slightly better as the Trend Index outperformed at
Active asset manager J O Hambro Capital Management (JOHCM) has appointed experienced portfolio managers Giorgio Caputo and Lale Topcuoglu to spearhead a global multi-asset income investment strategy. A US mutual fund launch is scheduled for Q4 2017, and a global income builder fund is expected to launch in Q1 2018, the latter will be marketed to UK and European investors via a Dublin-domiciled OEIC fund, subject to regulatory approval.    Caputo, who will lead the Global Multi-Asset team, started today in JOHCM’s New York office. He was most recently employed as Portfolio Manager and Senior Analyst by First Eagle Investment Management, where
Graham Bishop, Investment Director at Heartwood Investment Management, on what Markit’s PMI surveys tell us about global growth trends… July’s readings of the Markit Purchasing Manufacturers’ Surveys (PMIs) offered no real standout surprises. However, they seem to support our view that global growth is softening at the margin in the second half of this year, and that we are seeing less synchronised performance between economies. In fact, the improvement in global manufacturing over the last year may now have reached its cyclical peak.    Our analysis shows that fewer countries are making a positive contribution to global manufacturing growth, a
Linedata is to acquire Quality Risk Management & Operations (QRMO), a leading specialist provider of outsourced middle-office, shadow accounting and risk monitoring services to the asset management and securities industries. The acquisition of QRMO, a Hong Kong-based company with 30 employees, allows Linedata to expand its outsourcing business and enhance its presence across Asia. QRMO will now be able to expand its range of outsourced services by integrating Linedata’s broad range of technology solutions. This acquisition gives Linedata the ability to offer truly global, around-the-clock services to its clients.   The outsourcing market continues to grow across all Linedata’s markets
Abu Dhabi Global Market (ADGM) and KPMG have partnered to launch the first ever FinTech Abu Dhabi Innovation Challenge which aims to identify ‘innovations for the region’s financial services industry’. The Innovation Challenge, which is part of the inaugural FinTech Abu Dhabi event to be on 22 and 23 October 2017, includes an intensive five-week program, which will allow innovative and mature start-ups to conceptualise and present market-ready solutions that can address real business challenges identified in the financial services industry in the Middle East, Africa and South Asia (MEASA) region.   During the programme, 10 finalist teams will work
By George Ralph, RFA – It’s August already, and 2017 is over half gone. There are two major pieces of legislation coming into effect in early 2018, which will affect alternative investment firms in the UK, and firms worldwide who are holding data on European citizens, or trading with firms in the EU. The EU General Data Protection Regulation (GDPR) represents the most significant change in global privacy law in 20 years. GDPR places important new obligations on any business that handles the data of individuals living in the EU, independent of where the business is located. The second regulation,
Ten new liquid alternative funds were launched in Q2 2017, including five equity hedge funds and five multi-strategy funds, according to Wilshire Funds Management’s Q2 2017 Liquid Alternatives Industry Monitor. There were 21 liquidations during the period, which also saw a USD3.1 billion increase in the AUM of the total Liquid Alternatives Universe on the back of approximately USD3.2 billion in net inflows.   Multi-strategy funds experienced net inflows of USD1.06 billion, following five straight quarters of outflows, while capital continued to leave the Global Macro space for a third consecutive quarter, with USD0.69 billion in net outflows.     
The July 2017 average daily transaction value on the Euronext cash order book stood at EUR7,454 million, up 20.4 per cent compared to July 2016 and down 9.6 per cent from the previous month. The average daily transaction value on ETFs was EUR466 million, down 2.5 per cent compared to July 2016 and up 12.6 per cent from the previous month. The ETF offering increased this month to 824 listings at the end of July compared to 790 end of 2016.   The average daily volume on equity index derivatives reached 223,492 contracts in July 2017, up 24.9 per cent
Asian hedge funds extended Q1 gains through mid-year, led by funds investing in India and China, resulting in the first quarterly asset inflows since 2Q15, and increasing Asian hedge fund capital to the highest level since Q4 2015. The HFRX India Index gained 6.4 per cent in Q2 17, bringing YTD performance to +26.6 per cent, topping the Sensex 30 Index by over 1000 basis points for H1 2017. Total capital invested in Asian hedge funds rose to USD117.1 billion (RMB787 billion, JPY12.95 trillion, NIR7.45 trillion), a quarterly increase of USD6.7 billion, according to the latest HFR Asian Hedge Fund
Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund advised by Steadfast Investment Adviser, an affiliate of Steadfast Companies, and sub-advised by Alcentra NY, a BNY Mellon investment boutique, has appointed Michael A Tamasco, CFA, as president. Tamasco, who will also serve as president of Steadfast Investment Adviser, previously served as managing director of Optima Fund Management, one of the oldest hedge fund and multi-product alternative investment firms in the industry. He served as a member of the firm’s management committee and head of North American business development. Prior to Optima, Tamasco was co-head of Rothschild Asset Management US and

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