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The Lyxor Hedge Fund research team reports that November was an eventful month for investors. “The victory of Donald Trump at the US presidential election surprised pollsters and proved supportive for risk assets, against expectations. The MSCI World was up 2.7 per cent while fixed income markets continued to experience headwinds as the improved growth outlook led to a rise in bond yields.
“Hedge funds were cautiously positioned ahead of the US election and as a result failed to capture the market rebound. The Lyxor Hedge Fund Index was down 0.4 per cent in November as the rise in bond
- 21/12/2016
The SS&C GlobeOp Forward Redemption Indicator for December 2016 measured 5.67 per cent, up from 4.25 per cent in November.
"SS&C GlobeOp's Forward Redemption Indicator for December 2016 was 5.67 per cent, which reflects an increase from the 4.98 per cent reported in December 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"This result effectively reversed the sharp decrease seen last month in the November numbers. For the full year 2016, the monthly Forward Redemption Indicator averaged 12 basis points higher than for full year 2015, a fairly modest change in the face of many
- 21/12/2016
Hedge funds need to strike the right balance between macro pressures and the often differing needs of its clients if they are to survive, according to a new report by FIS, a specialist in financial services technology.
The report – Growth 2020: The Changing Chemistry Between Hedge Funds and Investors – canvassed responses from 258 executives from hedge funds, administrators, prime brokers, custodians, consultants and investors. It highlights a number of key findings on how investors and hedge funds view the future of the industry and what the main challenges are. The upshot to the report is that the success
- 21/12/2016
Chicago trader Igor B Oystacher and his trading company 3Red Trading are to pay USD2.5 million to settle CFTC charges over spoofing and using a “manipulative and deceptive device” while trading futures contracts on multiple exchanges.
The US District Court for the Northern District of Illinois has entered a Consent Order of Permanent Injunction against the defendants, finding that the spoofing scheme involved at least five different futures contracts on four exchanges over a period of more than two years.
The court’s order stems from a CFTC complaint filed on 19 October 2015 relating to E-Mini S&P 500, copper,
- 21/12/2016
Vistra, a corporate service providers of international incorporations, trust, fiduciary, and fund administration services, has acquired the Jordans Group from its current shareholder, The West of England Trust Limited.
Founded in 1863, Jordans comprises four companies: Jordans Limited, Jordans (Scotland) Limited, Jordans Corporate Law and Jordans Trust Company.
Its headquarters are located in Bristol, where most of its 160 global staff are based. Offices are also located in Edinburgh and London, as well as in the BVI, Cyprus, Seychelles, and Hong Kong.
Vistra’s Jonathon Clifton, group managing director, company formation, says: “We have admired the Jordans business for
- 21/12/2016
- 21/12/2016
Eze Software Group, a provider of global investment management technology, has opened an office in Toronto.
The Toronto location marks a new chapter in Eze Software’s growth in North America, enabling the team to provide faster on-the-ground support for implementations and client operations in Canada.
“As long-time technology partners to Canada’s investment management community, we’ve seen the market become more sophisticated and complex over the last few years,” says Pete Sinisgalli (pictured), CEO. “Having an office in Canada will allow us to be closer to our clients and facilitate faster and better service, in line with our strategy of
- 21/12/2016
- 21/12/2016
Gemini Alternative Funds has added the Aspect Core Diversified Programme, a managed futures strategy from Aspect Capital, to the suite of offerings available on the Galaxy Plus Fund managed account platform.
Registered investment advisers (RIAs) as well as pensions, endowments, private wealth groups and other institutional investors in the US can now invest in the Aspect Core Diversified Programme from London-based Aspect Capital through Galaxy Plus.
"We created Galaxy Plus to provide alternative asset investors with an independent, cost-effective solution that offers the flexibility, transparency and liquidity that they experience when investing in mutual funds," says David Young (pictured),
- 21/12/2016
AlphaCentric has launched the AlphaCentric Hedged Market Opportunity Fund (HMXIX), a mutual fund converted from a hedge fund previously available only to accredited investors.
HMXIX provides an options-rooted strategy, making long and short investments in call and put options on instruments that reflect the S&P 500 and its volatility.
Using an algorithm developed via artificial intelligence programmes to analyse market data, the fund employs a systematic, rules-based options strategy that includes premium collection, volatility trading and trend following. The investment strategy seeks to mitigate risk by staggering position maturity dates and utilising exchange-traded options guaranteed for settlement.
“The
- 21/12/2016
Abacus Group, a provider of hosted cloud IT solutions for hedge funds and other alternative investment funds, has expanded its cybersecurity services with the launch of AbacusFLEX Protect.
FLEX Protect provides auditing and reporting capabilities and leverages Varonis DatAdvantage, a solution that monitors file activity and user behaviour to manage permissions, identify where sensitive data resides and prevent breaches.
The requirements of hedge funds to improve their internal operations to address and protect against cyber security threats continues to increase. Regulatory groups in the US and UK and hedge fund investors globally are proactively looking at individual funds to ensure
- 21/12/2016
- 21/12/2016
The Eurekahedge December report on hedge funds reveals that over November 2016 hedge funds were up 3.53 per cent for the year, posting better performance compared to a modest 1.73 per cent gain over the last year.
The asset base for the industry contracted USD10.4 billion in 2016, on the back of steep redemption pressure with net outflows totalling USD28.2 billion for the year, Eurekahedge writes.
Almost 13 per cent of billion dollar hedge funds posted double-digit gains in 2016, compared to 8 per cent in 2015. Among the sub-billion dollar hedge funds, almost 20 per cent returned double-digit performance
- 20/12/2016
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