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New York-based hedge fund firm Gondor Capital Management maintained its strong performance in 2017 as its funds, the domestic Gondor Partners LP and the offshore fund Gondor Funds LTD posted strong gains, outperforming their respective benchmarks.
In his monthly report to his investors, Gondor Capital portfolio manager Vincent Au says Gondor Partners LP gained 7.93 per cent while Gondor Funds LTD returned 7.29 per cent in the first quarter of 2017, beating their benchmark, with the HFRI Equity Hedge gaining only 3.62 per cent during the same period.
Month-to-date, Gondor’s funds also beat the average hedge funds with the
- 26/04/2017
Managed futures traders lost 0.44 per cent in March, according to the Barclay CTA Index compiled by BarclayHedge.
Year to date, the index is down 0.75 per cent.
Due to divergent trends, four of Barclay’s CTA indices recorded gains in March, while four had losses. The Currency Traders Index was up 0.65 per cent, Agricultural Traders gained 0.58 per cent, Financial/Metals Traders were up 0.37 per cent, and Discretionary Traders added 0.16 per cent.
In the loss column, Diversified Traders were down 1.15 per cent, and Systematic Traders gave up 0.68 per cent.
“Rejection by Dutch voters
- 26/04/2017
The US CFTC has added 71 names to its Registration Deficient (RED) List, which contains the names of unregistered foreign entities that the CFTC has reason to believe are soliciting and accepting funds from US residents at a retail level for trading in binary options or foreign currency.
These 71 new additions bring the total number of foreign entities on the RED List to over 110.
Registration is no guarantee against fraud or mismanagement by an otherwise unscrupulous firm; however, registration does bring a higher level of security and accountability to the public.
For example, registration enables the
- 26/04/2017
Risk management and RegTech firm Percentile has launched its modular RiskMine platform designed for trading institutions and investment banks.
RiskMine enables risk managers to have all of their market, credit, counterparty and liquidity risks in one place, allowing them to focus on effective risk management, rather than spending a large proportion of their time on data management and maintenance.
The launch coincides with Percentile signing a major US bank as well as participation in the UKTI’s RegTech mission to New York this week.
The US bank deal represents a multi-region, multi-year agreement that followed a successful proof-of-concept showcasing
- 26/04/2017
Societe Generale Securities Services (SGSS) is contributing to a new model, Euronext Fund Service, to facilitate investments in funds for domestic and international investors.
Launched by Euronext and available starting 15 May 2017, the new service will enable institutional and retail investors to place subscription/redemption orders, in a simplified and automated manner, through their brokers for open-end funds that are registered or passported in France.
As a fund agent registered with Euronext, SGSS will process orders placed by investors through their brokers, from order reception to settlement.
Parallel to initiatives such as the FROG Working Group which promote
- 26/04/2017
BlueMountain Capital Management, a private diversified alternative asset management firm with USD22 billion in assets under management, has appointed Rollo Wigan as client adviser in the firm’s London office.
Wigan (pictured) will support ongoing client and business development activities for BlueMountain across Europe, the Middle East and Australia.
Wigan will work closely with the region’s institutional investors, consultants and high net worth individuals and their advisers, strengthening BlueMountain’s existing relationships and sourcing new investment opportunities. He joins the team led by Louisa Church, BlueMountain’s co-CEO of Europe and head of client advisory – EMEA, and a member of the
- 26/04/2017
ACOLIN has merged its IT, data and web support activities in a new subsidiary – ACOLIN InfoTech.
The new subsidiary will provide ACOLIN customers with future-oriented services in the field of international fund distribution.
For asset managers with an international alignment, access to investors is becoming increasingly difficult, more complex and more expensive. New regulations – for example MiFID II in the EU or the forthcoming FIDLEG in Switzerland – usually bring about new obstacles for international sales.
While target investors are still able to choose from a broad range of products, the latter is getting more and
- 26/04/2017
- 26/04/2017
London and Paris based structured product firm Hilbert will be offering discretionary portfolio, investment and retail plan management services to its clients following approval by the Financial Conduct Authority (FCA) to extend its permissions in the UK.
Approval enables Hilbert to produce a broader range of products including structured product portfolios that cater to investors with specific requirements.
Hilbert founder Steve Lamarque (pictured) says: “We have seen an increased amount of interest in the UK for structured product funds. Therefore, I’m delighted that we can now offer these services to our clients and this in turn emphasises the start
- 25/04/2017
By Ron S Geffner (pictured) – Successfully launching a private investment fund, involving hedging strategies, private equity, venture capital or real estate, is dependent upon selecting the proper corporate structure and complying with regulations promulgated by regulatory agencies that govern funds and their managers in the United States (US), including the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC).
Under certain circumstances, as discussed below, funds and their managers that are based in the US may also be subject to oversight by non-US based regulators. Structuring a fund involves both the creation of one
- 25/04/2017
The way that fund managers protect their data goes far beyond thinking about the four walls of their office. The way we work has revolutionised in recent times, as technology advances, especially cloud technology, redefining what the workplace actually is. With wifi, cloud platforms, and mobile phones, a hedge fund CEO could, if they wished to, run their business from a beach in Martinique. But with every upside there is always a downside. And today, that means that protecting one’s perimeter has become a far greater challenge.
The enormous flow of data between fund managers and their service providers, combined
- 25/04/2017
- 25/04/2017
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