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Virginie Saade, head of NYSE Arca Europe

NYSE Arca Europe expands service offering into Eastern Europe

Wed, 16/06/2010 - 16:03

NYSE Arca Europe, NYSE Euronext’s European multilateral trading facility, has expanded into trading blue chip securities listed on the Prague Stock Exchange and the Budapest Stock Exchange.  »

Economic crash

Equity funds lose ground as markets drop

Wed, 16/06/2010 - 14:29

Hedge funds lost 3.09 per cent in May, according to the Barclay Hedge Fund Index compiled by BarclayHedge.  “Fear was in the driver’s seat in May as investor worries about a liquidity crisis in Europe and a ‘double-dip’ recession in the US drove global equity prices lower,” says Sol Waksman, founder and president of BarclayHedge. »

Numbers and magnifying glass

Merchant Capital launches Ucits strategy assessment for hedge fund managers

Wed, 16/06/2010 - 14:03

Merchant Capital, a provider of a Ucits III umbrella for hedge fund managers, has launched its Ucits strategy assessment/feasibility evaluation service, which helps managers to ascertain whether their strategies will translate efficiently into a Ucits structure. Merchant Capital is supported by Carne Global Financial Services and Kinetic Partners in the execution of the system. »

Index

Credit Suisse/Tremont Hedge Fund Index down 2.76 per cent in May

Wed, 16/06/2010 - 12:31

Final performance for the Credit Suisse/Tremont Hedge Fund Index has been confirmed down 2.76 per cent in May, its largest drop since November 2008. Nine out of ten sectors posted negative performance for the month. Although the industry was negatively impacted by the market sell-offs, hedge funds outperformed equity market indices such as the S&P 500 and MSCI World which fell 7.99 per cent and 9.77 per cent respectively in May. »

New Zealand

Liquidnet to launch trading in New Zealand equities

Wed, 16/06/2010 - 12:26

Liquidnet, the institutional investment community that enables secure and anonymous block trading of equities, is expanding its trading operations to include New Zealand listed securities. Liquidnet will commence trading of New Zealand equities on 22 June 2010. It is believed to be the first time an alternative trading venue has offered electronic trading access to equities listed in New Zealand. »

Graph down arrow

RBC Hedge 250 Index falls 2.42 per cent in May 2010

Wed, 16/06/2010 - 12:05

The RBC Hedge 250 Index fell by 2.42 per cent in May, bringing its year-to-date return to 0.29 per cent. These returns are estimated and will be finalised by the middle of next month. The return for April 2010 has been finalised at 0.88 per cent. All strategies fell in May with mergers and special situations, down 3.63 per cent, the worst performer. The strongest performance was recorded by fixed income arbitrage, which dropped by 0.41 per cent. »

Trader at screen

SuperDerivatives launches online revaluation investigation tool

Wed, 16/06/2010 - 11:16

A tool for accurately valuing over-the-counter and exchange-traded derivatives has been launched by SuperDerivatives. The Revaluation Investigation and Analysis system will validate valuations for complex and vanilla derivatives in all asset classes. It is a web based interactive application which allows the user to provide a set of shifts in the underlying yield curves and volatility surfaces and the system displays the resulting valuations and associated risk measures. »

Thumbs up

Investors ready for ABS public market issuance

Wed, 16/06/2010 - 11:06

A survey of European ABS investors published by Bishopsfield Capital Partners reveals a positive consensus supporting increased issuance in the asset backed securitisation public market.  The survey of 26 investment managers and investment advisers active within the European ABS market shows that caution among issuers and arranging banks for new public issuance does not extend to investors. »

Numbers

Hedge funds resilient in 2010 so far, says Fitch

Wed, 16/06/2010 - 10:24

Fitch Ratings says in its quarterly hedge fund newsletter that the industry has shown resilience in the face of difficult macroeconomic and market factors for the year-to-date. However, market volatility in May highlighted funds' exposure to systemic risk and affected many strategies, including those focused on fundamental analysis and arbitrage. »

Australia

Australian funds fall by an average 2.47 per cent

Wed, 16/06/2010 - 06:24

The funds in Australian Fund Monitor’s database have fallen by an average of 2.47 per cent in May, based on the results of 31 per cent of funds in the database. This is five per cent less than the fall of the ASX 200, which fell by almost eight per cent in May. Equity funds fared worst, down 3.75 per cent, while non equity based funds posted a positive 0.81 per cent for May, based on the 19 per cent which have reported to date. »

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