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The hedge fund industry saw its lengthy run of positive performance taper off in October, as funds recorded net returns of just 0.01 per cent, according to data released by Preqin.
Most leading strategies recorded modest gains, with credit strategy funds returning 0.84 per cent, and relative value funds returning 0.49 per cent.
However, equity and event driven strategy funds both saw losses, returning -0.27 per cent and -0.26 per cent respectively, contrasting with their position as the highest-performing leading strategies in September.
While most commingled hedge fund benchmarks were close to 0.00 per cent in October, other
- 16/11/2016
Hedge funds declined 0.48 per cent in October – their first monthly loss after seven straight months of gains, according to the latest figures released by EurekaHedge.
Despite being in the red this month, hedge funds have outperformed underlying markets, with the MSCI AC World Index (Local) down 1.38 per cent in October.
On a year-to-date basis, hedge funds were up 2.85 per cent with roughly 20 per cent of managers posting double digit returns compared with 15 per cent over the same period last year.
While the US Presidential Elections loomed in the background, markets moved in the
- 15/11/2016
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- 15/11/2016
Liberum, a pan-European investment bank, signed a multi-year deal with Torstone Technology to use Inferno in July and went live last week, implementing a complete back office system within four months.
Inferno will process Liberum’s post-trade flow, from trade capture through to settlement, accounting and reconciliation.
The ability to easily scale-up its business operations and update processes to comply with regulatory requirements was a key driver behind Liberum’s move to Inferno.
Inferno is an automated scalable system, which can handle large volumes on hosted commodity hardware. Its real-time, event-driven, service-orientated architecture enables firms to achieve very high rates
- 15/11/2016
- 15/11/2016
Prestige Capital Management (PCM) has appointed Jonathan Scott as chief operating officer (COO) with its Malta based investment operations office, subject to MFSA approval.
Scott (pictured) has a career in financial services spanning over 16 years, split between the UK and US with international investment banking groups Credit Suisse, Barclays Capital, BNP Paribas and JP Morgan Chase.
He studied at Texas A&M University, a senior military college, where he was awarded a Bachelor of Business Administration in Finance with a Certificate in International Business, and spent four years with the US Air Force Reserve Officer Training Corps.
Scott
- 15/11/2016
In this Q&A, Geoff Ruddick of IMS Fund Services explains why ‘governance is not a game’, and how capacity, form over substance, and board composition, remain fundamental issues…
You mentioned in your last article that ‘Governance is not a game’ – can you expand on what you meant by that statement?
Unfortunately, in the past few years fundamental governance related issues such as capacity (numbers), substance over form (form over substance), and board composition (split boards), have been used as marketing pitches. These are fundamental governance issues yet the sales side of the issue is increasingly the focus of attention.
Yes,
- 15/11/2016
Artivest, a tech-driven investment platform that expands access to alternative investments, has hired Stacie Yates as director of business implementation and Justin Rooney as senior manager of client services.
Yates brings over 16 years of alternative investment experience in structuring alternative investment vehicles, legal, compliance and regulatory issues. She joins from UBS Wealth Management, where she was most recently an executive director of product development and management. In that role, she worked with several of the world’s largest hedge fund and private equity managers to bring their offerings onto the firm’s alternative investments platform.
Rooney joins Artivest from Third
- 15/11/2016
- 15/11/2016
SimCorp has partnered with Cassini Systems, a provider of pre-trade analytics solutions for OTC trading, to offer its clients access to Cassini’s analytics solution through SimCorp Dimension.
The partnership aims to help firms that use derivatives to improve their assessment of the total cost of trade to make more informed investment decisions.
The evolving regulatory landscape, including regulations such as Dodd-Frank, EMIR and MiFID II, has altered the operational environment for investment management firms. Central clearing obligations and increased margin requirements for non-centrally cleared derivatives require firms to demonstrate that they have a holistic view of their risk, collateral,
- 14/11/2016
The recent inward migration of several companies and funds into Guernsey is thanks to the island’s reputation as the number one jurisdiction outside of the UK for London Stock Exchange (LSE) listings, an audience at a seminar in Singapore has heard.
The event, which considered Guernsey’s expertise in both the investment fund and private wealth sectors, was the first ever to be hosted by Guernsey Finance in Singapore and featured presentations from leading offshore lawyers, Leon Santos of Collas Crill and Russell Clark of Carey Olsen.
The seminar was part of the agency’s increased focus on Asia, which includes
- 14/11/2016
Vela Trading Technologies, a provider of trading and market data technology, has expanded its senior management team with the appointments of Brian Cassin and Ollie Cadman.
Providing leadership across North America, EMEA and APAC, Cassin and Cadman will serve as joint heads of product and strategy.
Reporting to Vela’s CEO Jennifer Nayar, Cassin and Cadman will be responsible for driving product development, strategy and roadmap priorities across the firm. In addition, they will help to identify new market, partnership, and product opportunities through ongoing engagements with the firm’s global client base.
Based out of the company’s New York
- 14/11/2016
- 14/11/2016
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