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All six of IndexIQ’s hedge fund indices recorded a negative performance in October, reflecting a generally down month for the markets.  The IQ Hedge Global Macro Index was the top performer, dropping 0.57 per cent.   The IQ Hedge Long/Short Index fell 1.97 per cent, while the IQ Merger Arbitrage Index declined 1.01 per cent, in spite of continued strong M&A activity.    "Election induced volatility and the expectation of a December increase in the Federal Funds rate weighed on the market in October, resulting in a decline for most of the major indexes," says Salvatore Bruno (pictured), IndexIQ's chief
The top hedge funds managed approximately USD145 billion in equity holdings in the third quarter, down from the USD150 billion under management in Q2, and down more than USD50 billion from the highs reached in 2015. The latest Hedge Fund Tracker analysis from S&P Global Market Intelligence also shows these funds increased the total number of positions to 424 in Q3 from 399 in Q2, which was a record low for stock positions held since S&P Global Market Intelligence began tracking this data in 2014.   Stocks in the healthcare and information technology sectors were the most sold off last
Emerging markets (EM) hedge funds ended the third quarter at a new record asset level, eclipsing the prior record from Q2 2015, according to the latest HFR Emerging Markets Hedge Fund Industry Report. Assets dedicated to EM hedge funds increased to USD199.66 billion in Q3, up USD9.8 billion from the prior quarter as a result of strong performance-based quarterly gains and despite a net investor outflow of USD850 million.   The HFRI Emerging Markets (Total) Index gained 5.06 per cent in Q3 and added 1.10 per cent in October, led by regional exposures to Latin America, Russia, and Emerging Asia;
Fund Tax Services (FTS) has expanded its offering to alternative investment managers with the launch of FTS Plus, providing clients with access to three strategic advisory partners. FTS says the services of its new alliance partners – covering advisory consulting, marketing and distribution – are complementary to its core alternative investment fund services and each can help alternative managers achieve their strategic growth objectives.   Investment Business Advisors specialises in advising GP alternatives firm CEOs, COOs and CIOs regarding firm and fund assessments, strategic initiatives, alternative industry “Best Practice” and overall firm effectiveness, efficiency and transparency.   RT Hausler Strategic
BroadRiver Asset Management has held the closing of BroadRiver II, with committed capital of USD366 million. The life settlement fund includes commitments from a broad range of institutional investors, including public and private pension plans, insurance companies and large family offices in North America, Europe, the Middle East and Australia.   "We're pleased with the response to our most recent fund from existing and new investors," says Andrew Plevin (pictured), co-CEO of BroadRiver Asset Management. "The breadth and diversity of our limited partner investors affirms the confidence of institutional investors in life settlements. Institutional interest in this space has expanded dramatically in
Confluence, a provider of investment data management automation for regulatory, financial and investor reporting and performance calculation and analytics, has extended the regulatory filing capabilities on its Unity NXT Regulatory platform. Launched in May, Unity NXT Regulatory Reporting supports the entire reporting process for post-trade regulatory filings from one data-centric platform, eliminating the need to use multiple disparate systems.   Confluence has added support for Luxembourg BCL reporting, Central Bank of Ireland MMIF and MMM reporting to the platform.   In the US, the flexibility of the platform to quickly onboard new forms positions Confluence to meet the urgency around
UK resident Navinder Singh Sarao has been ordered to pay a USD25,743,174.52 civil monetary penalty and USD12,871,587.26 in disgorgement for his role in ‘flash crash’ day. The US District Court for the Northern District of Illinois’ order also permanently prohibits Sarao from further violations of the Commodity Exchange Act (CEA) and CFTC Regulations, as charged, and imposes permanent trading and registration bans on him.   The Court’s order arises from a CFTC enforcement action filed against Sarao, along with his company Nav Sarao Futures Limited, charging them with unlawfully manipulating, attempting to manipulate, spoofing, and use of a manipulative device
Tideway Investment Partners LLP (Tideway) has become the latest high-profile investment manager to add its funds to ISEFundHub (https://isefundhub.com). Since its launch by the Irish Stock Exchange (ISE) in November 2014, approximately 50 investment fund managers have joined ISEFundHub to display information on their funds, ranging from net asset value (NAV) to performance analytics and peer comparisons.  “Managers can host key fund documents such as factsheets, KIIDS, annual reports, and display their fund NAV history for each share class. ISEFundHub can be used by funds that are listed on ISE, as well as non-listed Irish-domiciled funds,” comments Rose
Capital markets firms are turning to real time big data analytics for alpha generation, risk management, compliance, consumer metrics and to monetise insight, according to research from TABB Group. “Big Data Is Dead, Long Live (Real-Time) Big Data: Real-Time Big Data Analytics in Financial Services” reviews the prevailing architecture used to create actionable real time business intelligence based on varied streaming, static, structured and unstructured data sets, and identifies use cases for the buy-side, sell-side and liquidity venues.      According to TABB, the age of the data warehouse, segregation of streaming and static data analytics, and utilising batch-led approaches
Guernsey has introduced a Private Investment Fund (PIF) regime designed to provide fund managers with greater flexibility and simplicity. The PIF, which was developed in response to market demand by the Guernsey Financial Services Commission (GFSC) in consultation with the island’s GBP247 billion funds industry, recognises that certain investment funds are characterised by a relationship between management and investors that is closer than that of a typical agent.   The PIF dispenses with the formal requirement for information particulars such as a prospectus in recognition of that relationship, significantly reducing the cost and processing time of launching of a fund.

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