Latest News
Bats Global Markets has reported net income of USD32.5 million and adjusted earnings of USD38.5 million for the fourth quarter ended 31 December 2016.
Net income increased 50 per cent and adjusted earnings rose 35 per cent compared to the same period in 2015, driven primarily by continued growth in non-transaction revenue, realisation of synergies from the Direct Edge acquisition and a lower effective tax rate in the fourth quarter 2016.
For the full year, Bats reported record net revenue of USD436 million, an increase of 13 per cent compared to 2015 and record net income of USD109 million,
- 10/02/2017
Crabel Capital Management’s chief executive Michael Pomada will be discussing the appeal of quant funds at the Amsterdam Investor Forum on 8 March.
Pomada says that when investors think about quant funds they group them together and assume they all do much the same.
Whilst other managers such as Two Sigma pursue a similar non-trend following approach to trading short-term market fluctuations, each quant fund pursues an individual approach.
This enables them to generate non-correlated returns.
“Last year was interesting where we were able to offer a diversification benefit despite the Newedge Short Term Traders Index finishing
- 10/02/2017
The Lyxor Hedge Fund Index was slightly down by 0.3 per cent in January, with seven out of 10 Lyxor indices in positive territory, according to the latest Lyxor AII Barometer, with micro-focused strategies outperforming macro traders.
Event driven delivered strong results on the back of buoyant M&A activity in the US and positive surprises in corporate earnings.
CTAs and macro managers suffered from the depreciation of the dollar.
“The Q4 earning season is seeing a material recovery in most regions and in a majority of sectors. However, trading volumes and stock returns following earnings report were moderate,
- 10/02/2017
Castle Hall Alternatives is to integrate SwissAnalytics within its global due diligence platform.
Under a user rights and intellectual property agreement, Castle Hall has acquired SwissAnalytics’ operational due diligence practice, together with SwissAnalytics’ quantitative and qualitative investment risk due diligence tools.
“With this agreement, we are delighted to fully incorporate the SwissAnalytics due diligence capability into the Castle Hall offering,” says Chris Addy (pictured), president and CEO of Castle Hall Alternatives. “Castle Hall first reached a partnership agreement with SwissAnalytics in 2014, and the expanded diligence capabilities this relationship has brought us have been embraced by clients across Europe.
- 10/02/2017
The Montreux Natural Resources fund is the world's second-best performing hedge fund in 2016, according to international analyst firm Preqin Research.
The Cayman Islands-domiciled fund, managed by Montreux Capital Management Cayman, has returned 142 per cent over the last 12 months, driven by the surging gold price and the performance of assets in which the fund invested.
The Montreux Natural Resources fund ranked second for net return during 2016 out of 14,500 hedge funds assessed, in the Preqin Global Hedge Fund Report, 2017.
The USD32 million fund, which generates returns through a range of commodity-related transactions, has during the
- 10/02/2017
Blue Sky Alternative Investments has reported a significant rise in revenue, profitability, cash flow, margins and fee-earning assets under management for the half-year period ending 31 December 2016, driven by growth in alternative assets.
Underlying net profit after tax (NPAT) was up 130 per cent to AUD10.1 million (1H FY16: AUD4.4 million), while underlying EBITDA margins expanded to 41 per cent (1H FY16: 28 per cent).
Underlying income for the period was up 53 per cent to AUD36.4 million (1H FY16: AUD23.8 million); and net operating cash flow was up 200 per cent to AUD9.3 million (1H FY16: AUD3.1
- 10/02/2017
Roger Hollingsworth, who has served as head of government relations at the Managed Funds Association (MFA) association since 2008, has resigned.
Richard H Baker, CEO of MFA, says: “Roger contributed to building an effective government relations team and provided leadership during a period of extraordinary change in the financial markets and the hedge fund industry. MFA wishes Roger success in all future endeavours.”
Hollingsworth (pictured) says: “I have been honoured to work alongside Congressman Baker and the talented team he has assembled at MFA over these past eight years. It’s also been a privilege to work with, and on
- 10/02/2017
- 10/02/2017
John B Oden and Oden Capital Management (OCM) are to pay USD100,000 to settle CFTC charges over the unlawfully operation two commodity interest pools, Oden Currency Fund (OCF), operated by Oden, and Oden Currency Fund I (OCF I), operated by OCM.
The CFTC Ooder requires Oden and OCM jointly and severally to pay a USD100,000 civil monetary penalty and imposes a five-year ban on their solicitation of funds for, or trading in commodity interests on behalf of others, or applying for registration, claiming exemption from registration, or engaging in any activity requiring registration with the CFTC.
The order also
- 10/02/2017
Nearly half of UK investors are positive about Brexit, although two fifths are fearful of Trump and 73 per cent lack faith in Prime Minister Theresa May, according to research carried out by IW Capital.
A survey of 1,000 UK investors, aimed assessing the true impact of 2016’s triple threat of political shocks and their direct effect on the UK investor community, found that one in 10 investors feel the political events of 2016 will influence their investment decision this year more than any other factor.
In addition, 36 per cent of investors think record-low interest rates will negatively
- 09/02/2017
Convergex, an agency-focused global brokerage and trading related services provider, has deployed Ancoa’s market surveillance platform to monitor all trading activity across its domestic (US) and international cash equities and options brokerage businesses.
The deployment monitors trading activity of all lit and dark venues including Millennium, Convergex’s proprietary ATS.
Convergex delivers comprehensive solutions that include its ETF Direct platform and algorithms, global high-touch and electronic trading, options trading and technologies, prime brokerage services, global clearing, commission management, corporate access and more, to nearly 3,000 clients accessing over 100 global market centres. Convergex has international coverage of options and cash
- 09/02/2017
Special Reports
FeatureD
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
- Intel
- April 15, 2024
