Latest News
A number of technology-focused hedge funds are generating strong returns so far this year, with technology being the biggest standout of Wall Street this 2017 and generating at nearly 50 per cent of the market’s overall rise.
According to alternative investment manager Gondor Capital Management, hedge funds tracked by Morgan Stanley showed that as of end of April, nearly 29 per cent of the sector’s exposure in North America was in information technology stocks. Gondor believes that this leads to concerns that the hedge fund space is already crowding the technology sector.
“I believe that hedge funds are already
- 26/06/2017
- 26/06/2017
CIBC Asset Management has launched the CIBC Active Global Currency Pool for institutional investors seeking an uncorrelated source of alpha in a liquid, absolute-return solution for their alternatives portfolios.
“We are excited to launch the CIBC Active Global Currency Pool, which leverages our 20-year track record managing active currency strategies for institutional investors,” says Doug MacDonald (pictured), CFA, Managing Director & Head, Institutional Asset Management, CIBC Asset Management. “Capitalising on our deep expertise and unique approach to currency management, the Pool is designed to diversify a plan’s risk profile and deliver liquidity to an alternatives portfolio that is typically dominated
- 26/06/2017
Managed futures traders gained 0.06 per cent in May according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the Index has lost 0.67 per cent.
Four of Barclay’s CTA indices had gains in May, and four had losses. The Financial/Metals Traders Index was up 0.88 per cent, Systematic Traders gained 0.13 per cent, and Agricultural Traders added 0.06 per cent.
“The seventh month of consecutive gains by global equities coupled with a bond market rally were the main drivers of CTA returns in May,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Currency
- 25/06/2017
- 25/06/2017
McVean Trading & Investments, LLC (MTI), a Memphis-based Futures Commission Merchant (FCM), its Chairman and CEO, Charles Dow McVean, Sr, President, Michael J Wharton, and long-time MTI consultant Samuel C Gilmore (Gilmore) are to pay USD5 million to settle CFTC charges that they manipulated the live cattle futures market.
A CFTC Order finds that, by secretly using cattle feedyards as straw purchasers for hundreds of long live cattle futures contracts – which at some points more than doubled CME spot month position limits – McVean and Wharton intentionally or recklessly used a manipulative or deceptive device to inject false information
- 23/06/2017
Sanne has appointed Sean Murray as its new head of fund services for the EMEA region.
Based in Sanne’s Luxembourg office, Murray will take responsibility for the development of the company’s fund services offering, working with all of the Alternative Asset product area divisions in which Sanne specialise. Murray has joined the firm from Orangefield in Luxembourg, where he was managing director and a member of the global alternative investments management board. He also sat on the board and management team of Vistra Luxembourg after Orangefield began a merger with Vistra Group in June 2016.
Martin Schnaier, Sanne’s managing director
- 23/06/2017
Hedge funds gained 0.50 per cent in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13 per cent in 2017.
The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10 per cent. The Barclay Technology Index has gained 12.27 per cent in the first five months of 2017, its strongest start in 18 years.
“Concerns based on weak retail sales, two consecutive monthly declines in consumer confidence, and uncertainty over Trump’s ability to deliver on infrastructure spending and tax cut plans drove
- 23/06/2017
TORA, provider of a cloud-based order and execution management system (OEMS), has joined the London Stock Exchange Group’s UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II.
When MiFID II comes into force in January 2018, buy-side firms will be required to submit transaction reports directly to the regulators or through Approved Reporting Mechanisms (ARMs). UnaVista is an ARM that can help firms comply with all reporting obligations, avoid reporting errors and assist in the analysis of over- and under-reporting.
As a UnaVista partner, TORA clients will have “plug and play” integration and comprehensive
- 23/06/2017
Managers need to know what their investors want – make that expect – from their fund managers. To find out, Intralinks, a Synchronoss Business, partnered with Global Fund Media to conduct an in-depth global survey of LPs, for candid insights into the ways they view their GPs.
Get a sneak preview of the top five survey takeaways. There you can also sign up to be among the first to receive the complete survey results, when they’re published in September.
This is an invaluable piece of market intelligence. Don’t miss it.
- 22/06/2017
- 22/06/2017
Kempen Capital Management (Kempen) has appointed Michel Iglesias del Sol (pictured), as Head of Investment Strategy, and a member of the management team, for the firm’s Client Solutions’ team.
In his new position, Iglesias del Sol will be responsible for defining strategic and dynamic asset allocation advice, while also being involved in research of innovative investment topics.
Iglesias del Sol’s previous roles includes Head of Investments and a member of the board at Willis Towers Watson Netherlands – and brings with him a wealth of experience and knowledge of the pensions industry as well as in asset liability management,
- 22/06/2017
GPP has formed a joint venture with Edgefolio to provide a Capital Introduction service to its prime brokerage clients. Edgefolio’s platform connects investors and hedge funds, creating technology-driven solutions for a traditionally conservative and fragmented industry.
Sean Capstick (pictured), GPP Head of Prime Brokerage, says: “As the leading provider of prime brokerage services to the small and mid-sized hedge fund we are constantly asked how we can work with our clients to help them raise assets. Edgefolio offers a market-leading technology solution to connect investors and fund managers. Our partnership will now help our clients achieve their ambitions.”
Leopold Gasteen, Founder
- 22/06/2017
Special Reports
FeatureD
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
- Intel
- April 15, 2024
- Intel
- April 12, 2024
- Intel
- April 11, 2024
- Intel
- April 10, 2024
- Intel
- April 9, 2024
