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Arnold Schwarzenegger will keynote the upcoming Cayman Alternative Investment Summit (CAIS), scheduled for 15-17 February 2017 at the new Kimpton Seafire Resort and Spa in the Cayman Islands.
The annual not-for-profit event provides a forum for 400-plus executives to discuss opportunities and challenges facing the alternative investment community.
Schwarzenegger is an Austrian-American actor, businessman and the former governor of California. After leaving office in 2011, Schwarzenegger has remained an outspoken advocate of sustainable energy and was a leading voice at the Paris COP21 climate conference in 2015.
He has also returned to the acting world with recent films
- 22/11/2016
CEO and Founder of Sun Global Investments, Mihir Kapadia, has commented on why investors are increasingly choosing ETFs over hedge funds.
“ETFs already outstrip hedge funds by about USD3.4tr, or by over 10 per cent,” Kapadia (pictured) says. “The ETF industry has attracted assets from the hedge fund sector as hedge funds find it harder to justify their higher fees and inconsistent performance numbers verses a passive ETF investment which can offer diversified exposure at a fraction of the cost of a hedge fund. Add to this the instant liquidity or exchange traded component of an ETF and the ETF offers certain
- 21/11/2016
The Depository Trust & Clearing Corporation (DTCC) has added trade repository services for Newfoundland and Labrador Global Trade Repository (GTR).
With this addition, GTR now supports all Canadian provinces and territories, with existing support for Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan, Nunavut, Northwest Territories, Prince Edward Island and Yukon.
In an effort to achieve improved risk analysis, all Canadian provinces and territories have adopted harmonised derivatives reporting regulations, as applicable, rules 91-507 and MI 96-101. These rules require reporting for over-the-counter (OTC) derivatives transactions, including rate, credit, equity, FX and commodity derivatives.
GTR is
- 21/11/2016
The SS&C GlobeOp Forward Redemption Indicator for November 2016 measured 4.25 per cent, up from 3.40 per cent in October.
"SS&C GlobeOp's Forward Redemption Indicator decreased sharply in November 2016 to 4.25 per cent, down from 4.90 per cent a year ago for November 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"With this favourable result, the 2016 year-to-date monthly average redemption rate is running slightly lower than for the same period of 2015. This stability in redemptions indicates that despite this year's market turbulence, investors are maintaining their allocations to the hedge fund sector."
- 21/11/2016
Nearly three quarters (73 per cent) of asset managers are concerned about the challenges presented by MiFID II, research by State Street Corporation shows.
The survey, which polled 100 global asset managers and alternative asset managers, gauged their readiness for MiFID II coming into force in January 2018.
Designed to increase investor protection, the regulation will include new disclosure requirements linked to costs and charges, new conditions set for the design and distribution of financial instruments and increased pre- and post-trade transparency requirements across equity, equity-like and non-equity asset types.
The survey found more than half (59 per
- 21/11/2016
Trading and information solutions provider Infront has opened two offices in South Africa – one in Johannesburg and the other in Cape Town – adding to the firm’s six existing offices in Europe and the UK.
Infornt says South Africa is widely used by the international investment community as a launch platform to enter the rest of Africa. With well-established trade routes, local experience in African markets and business-ready infrastructure, the country is often the go-to emerging market for European companies.
"We have been working with the South African market since 2009 and have experienced an increase in demand
- 21/11/2016
- 21/11/2016
100 Women in Hedge Funds (100WHF) held its eighth annual Gala in Geneva at the Grand Hôtel Kempinski, raising over CHF210,000 for the benefit of Solidarité Femmes.
The net funds raised will specifically be used for a project providing mentoring support to mothers and children who suffer from the effects of domestic violence.
More than 220 members from across the finance industry attended the 100WHF Geneva Gala. Local State Counsellor Mauro Poggia, in charge of employment, social affairs and health department, was among the attendees. Caroline Lang from Sotheby’s led a live silent auction and guests had the opportunity
- 21/11/2016
The National Futures Association (NFA) has appointed Thomas Sexton (pictured) as president and chief executive, effective 1 March 2017.
Daniel Roth, NFA's president and CEO, who announced his retirement in May 2016, will work closely with the board and Sexton during the transition.
This appointment is the culmination of an extensive search and selection process. In May 2016, NFA's board of directors authorised the formation of a search committee, chaired by Michael Dawley, NFA board chairman, and made up of existing board members and other individuals with significant knowledge of the derivatives industry and NFA's important regulatory role. The
- 21/11/2016
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
- 18/11/2016
- 18/11/2016
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
- 18/11/2016
- 18/11/2016
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