Latest News
Preqin’s All-Strategies Hedge Fund benchmark recorded gains of 1.40 per cent in January 2017, the highest January performance recorded since 2013 (+2.59 per cent).
This also represents the highest performance month for the industry since April 2016, as funds built on gains of 1.07 per cent seen in December.
All leading hedge fund strategies posted positive performance for the month, with equities strategies (+1.82 per cent) and event driven strategies (+1.70 per cent) funds leading the way. January’s positive returns put 12-month performance for the industry at 11.75 per cent, and funds have only recorded two months of losses out
- 15/02/2017
Strong gains across Event-Driven, Relative Value Arbitrage and Macro strategies saw Asian hedge funds top the performance of volatile Asian equity markets in both Q4 and FY 2016, according to HFR’s latest Hedge Fund Industry Report.
At the same time, total hedge fund capital invested in Asian hedge funds was steady to conclude 2016, posting a narrow quarterly decline of USD1.4 billion to end the year at USD110.4 billion USD (RMB, JPY) For FY 2016, total capital invested in the Asian hedge fund industry fell by USD8.6 billion, though the majority of the decline occurred in the volatile 1Q16, when
- 15/02/2017
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has joined FinTech company EquiChain’s Market Infrastructure Group.
The Group, which comprises global industry & financial leaders, will jointly discuss and further the development and application of Distributed Ledger Technology (DLT) and related solutions that will drive market efficiency and enhance risk management in the capital markets.
EquiChain has established an experienced and well-qualified Board with the appointments of Peter Sands, former Group CEO of leading international bank, Standard Chartered plc, and Chief Technology Officer Hugh Madden, co-founder of one of the largest blockchain solutions providers in the
- 14/02/2017
Building on its indexing and liquid alternative asset management business in the United States, New York-based ABR Dynamic Funds, LLC has launched its first Irish-domiciled UCITS V fund.
The fund, which seeks US equities participation in a bull market and significant, positive absolute returns in a crisis, is being distributed by OpenFunds, which is also acting as Swiss legal representative for the fund. The fully-systematic fund will seek returns similar to ABR's first index, the ABR Dynamic Blend Equity and Volatility Index (ABRVXX).
ABR's founder and CEO, Taylor Lukof, plans to grow Assets Under Management (AUM) in an expanding segment
- 14/02/2017
A survey by The European Repo and Collateral Council of the International Capital Market Association (ICMA) calculating the amount of repo business outstanding on 7 December 2016 from the returns of 65 offices of 62 financial groups, sets the baseline figure for market size at EUR5,656 billion.
Using a consistent sample of banks that have contributed to the last the surveys, the market shows 0.8 per cent year on year growth and 2.4 per cent growth from the June 2016 survey. The size of the repo market remains static, with some seasonal fluctuations. Negligible real growth in the repo market,
- 14/02/2017
Eurekahedge reports that hedge funds started the year on a positive note, up 0.84 per cent during the month of January. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 1.49 per cent over the same period.
Among regional mandates, Latin American hedge fund managers topped the tables, gaining 3.47 per cent while event driven managers posted the best returns, up 1.95 per cent among strategic mandates. Financial markets were still hinged on the developments post-Trump win with US equity markets trading higher at the start of January on the back of encouraging US macro data.
- 14/02/2017
Vistra has appointed Gavin Carruthers (pictured) as Director of its Jersey Fund Services business.
As Director, Carruthers will join the Funds team on the island who specialise in all aspects of corporate, fiduciary and administrative solutions for alternative investment structures, including real estate and private equity funds.
Carruthers brings a wealth of corporate and funds knowledge, obtained during a 15 year career in both the onshore and offshore financial services industry.
Prior to joining Vistra, Carruthers worked for Intertrust (formerly Elian and Ogier) and PriceWaterhouseCoopers.
Carruthers’ current experience includes real estate fund administration, private equity fund administration
- 14/02/2017
Berdon Fund Services, a New York-based fund administrator has incorporated FundCount’s accounting and investment software into its service offering.
FundCount is a Boston-based provider of integrated investment, partnership and general ledger accounting software that has been working with hedge funds, family offices and fund administrators since 1999. Berdon Fund Services’ adoption of the FundCount platform will enhance its service approach – by providing a robust solution that will enhance efficiency and overall client service – and better position the firm for growth.
Berdon Fund Services, an affiliate of New York-based Berdon LLP – Accountants and Advisors, was launched in 2015
- 14/02/2017
Perfect Channel, a specialist in marketplace transformation technology, has secured GBP2 million in funding from its long-term investor Beringea, and new partner UIL Limited, an investment company jointly managed by ICM Limited and ICM Investment Management Limited.
Perfect Channel – which has built an auction and trading platform for companies operating marketplaces in commodities and financial assets – will use the funding to support continued sales growth and product development over the coming year, following the appointment of industry veteran Jim Leeds as the company’s new CTO in January 2017.
Working with clients including Global Dairy Trade (GDT), Lloyd’s, and
- 14/02/2017
Calamos Investments has appointed Michael Grant (pictured), Senior Vice President, to lead portfolio management of the firm’s approximately USD2.3 billion in US growth strategies, including the USD1.8 billion Calamos Growth Fund (CVGRX).
With 30 years of investment management experience, Grant joined Calamos in 2015 following the acquisition of his firm, Phineus Partners LP, where he launched a successful long/short investment strategy that was reorganised into a retail mutual fund, Calamos Phineus Long/Short Fund (CPLIX), in 2016.
“Michael is an exceptional investment manager with a demonstrated track record of performance. He will apply his deep knowledge and expertise as part of
- 14/02/2017
Special Reports
FeatureD
- Intel
- April 19, 2024
- 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
