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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
The Depository Trust & Clearing Corporation’s (DTCC) full-service institutional straight-through-processing (STP) suite of products processed close to one billion trades for the first time in 2016, across equities, fixed income, equity swaps and repurchase agreements.
DTCC’s products automate trade lifecycle events between 3,800 investment managers, broker/dealers and custodian banks.
“As a user-owned and governed firm, DTCC takes very seriously its role in advancing solutions that help to secure and shape the future growth and development of the marketplace,” says Paula Arthus (pictured), managing director and head of Omgeo and Data Services at DTCC. “DTCC’s mission is to create market
- 09/02/2017
CME Group has declared a first-quarter dividend of USD0.66 per share, a 10 per cent increase from the prior rate of USD0.60 per share.
The dividend is payable on 27 March 2017 to shareholders of record as of 10 March 2017.
Through its exchanges, CME Group offers a range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. CME Group provides electronic trading globally on its CME Globex platform.
The company also offers clearing and settlement services across asset classes for exchange-traded and
- 09/02/2017
- 09/02/2017
Neptune Networks, an open-standard network for bond real-time AXE indications, has added Nomura and Jefferies to its network.
The Neptune network provides a venue for institutional investors to access sell-side pricing on the key bonds they are looking to buy and sell.
This makes it easier to execute orders, prove best execution, minimise information leakage and comply with regulation such as SEC Rule 22e-4, and its equivalent in EMEA, which expands on the existing framework for the oversight and management of liquidity risks.
Seventeen bond dealers are already live on the real-time network (the remaining four are expected
- 09/02/2017
- 09/02/2017
Proper fund governance has long been championed by leading offshore law firm Conyers Dill & Pearman, which for the last decade has encouraged its hedge fund clients to hold at least annual directors meetings. Initially this was met with some resistance according to Robert Briant (pictured), Partner and head of Conyers’ BVI office, who confirms that such resistance has softened over the last few years.
“Even though there is no requirement in the BVI for the directors to meet annually, they do meet and are happy to meet when we suggest it. So that is a positive change. Some funds
- 08/02/2017
- 08/02/2017
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