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Hedge funds have experienced a quiet start to the year with the Lyxor Hedge Fund Index flat year to date, and the trends observed in Q4 of last year continuing to prevail in early 2017, according to Lyxor’s latest Weekly Brief. Event driven led the pack last week and global macro has outperformed since the beginning of January. CTAs meanwhile, continue to lag behind. They have been negatively impacted by the pullback of the US Dollar and the reversal of energy prices.   Lyxor writes: “We have upgraded CTAs to Slight Overweight and maintained our strong convictions on fixed income
PEGAS recorded its best annual traded volume in 2016 with a total of 1,733.3 TWh traded during the course of the year, an increase of 69 per cent compared to 2015’s figure of 1,024.8 TWh. This increase was achieved across all PEGAS market segments.    Egbert Laege (pictured), CEO of Powernext, says: “The year 2016 was another important step for PEGAS to strengthen its role as a pan-European gas platform. Encouraged by that success, PEGAS will continue to develop the European gas markets together with the support of our members and partners in order to provide for efficient customer solutions
From January 2017 two representatives of foreign collective investment schemes – Acolin Fund Services (Zurich) and Hugo Fund Services (Geneva) – will cooperate more closely in advising asset managers on cross-border fund distribution. While Hugo Fund Services has focused on alternative investment providers since it was founded in 2014, Acolin Fund Services gives particular support to mutual fund providers, in addition to its work in fund registration and representation, including sales support.   Since it is increasingly difficult to access investors in the context of cross-border distribution of investment funds due to increasing regulation (MiFID II and FIDLEG), the two
RAM Active Investments (RAM AI), an active and alternative asset management company, has launched RAM (Lux) Systematic Funds – Long/Short Global Equities. The fund, available in daily-dealing UCITS format, will be collectively managed by Thomas de Saint-Seine (pictured), Maxime Botti and Emmanuel Hauptmann, senior equity fund managers and founding partners, who have run the firm’s systematic equity strategies since 2007.   The fund’s strategy will look to capture market inefficiencies across the developed markets’ universe of more than 6,000 stocks through a quantitative model-driven fundamental and behavioural based stock selection process. The aim is to produce consistent risk-adjusted returns with
Bats Global Markets has launched the Bats Auction Mechanism (BAM), providing price improvement opportunities for customer orders. The company began rollout of the new functionality on the EDGX Options Exchange on 4 January and completed it, with no disruption to customers, on 10 January.   The company’s two US options exchanges, EDGX and BZX, set a combined market share record for full-year 2016 with 11.1 per cent vs 9.6 per cent in 2015, while remaining the market leader in single-leg equity options trades with 17.4 per cent market share.   “We’re pleased to announce this functionality, in response to significant
The US Commodity Futures Trading Commission (CFTC) has unanimously approved proposed changes to swap data rules that implement Congressional action to remove indemnification requirements for the use of swap data by other regulators.  In a separate proposal, the CFTC voted to update Parts 3 and 9 to integrate existing advisory guidance, incorporate swap execution facilities (SEFs), and update provisions currently applicable to designated contract markets (DCMs).    The comment period will be open for 60 days after publication in the Federal Register. All comments will be posted on the commission’s website.   Proposed rule to amend Part 49 (Data Rules) –
Chicago Board Options Exchange (CBOE) has launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of sentiment-based strategy benchmark indices designed to capitalise on short-term market momentum based on Social Market Analytics’ (SMA) social media metrics. The CBOE-SMLCW Index is reconstituted every Friday at 8:30 a.m. CT, representing a longer duration portfolio than the CBOE-SMA Large-Cap Index (SMLC), which is reconstituted daily.   CBOE launched the CBOE-SMA Large-Cap Index, the first of its sentiment-based benchmark indexes that measure market momentum based on SMA’s social media metrics, in August.   Similar to the first SMLC Index, the
Markus Ruetimann has joined the board of Global Prime Partners as senior non-executive director. Having worked in the financial services industry for over 25 years in Zurich, Geneva, New York and currently London, Ruetimann (pictured) was previously group COO of Schroders (2004 – Nov 2016), global head of technology and portfolio services at UBS Global Asset Management (1999 – 2004) and COO of Phillips & Drew (1988 – 1998).   He was born and educated in Switzerland.   Ruetimann holds a number of non-executive positions and is a trustee of Action for Children.   Julian Parker, chief executive of GPP
While investment strategies in the alternatives space have always been sophisticated, marketing strategies have never been. However, modern marketing is starting to be embraced by fund managers and is beginning to gain momentum by following the lead set years ago by every other industry. Meyler Capital believes this industry has hit an inflection point. 2017 will be the year where previously timid managers begin to take on some ‘marketing risk.’ Here are five marketing strategies that The firm anticipates will influence the industry over the 12 months:   1. The increased use of webinars for LP updates 2. Knowing what happens
The gross return of the SS&C GlobeOp Hedge Fund Performance Index December 2016 measured 1.29 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined 3.05 per cent in January.   "SS&C GlobeOp's Capital Movement Index for January 2017 was -3.05 per cent, an improvement from the -3.28 per cent reported a year ago for January 2016," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.   "Capital flows in and out of hedge funds are very seasonal and the month of January typically sees the largest net outflows of the year.

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