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All six of MV Index Solutions’ (MVIS) investable long/short equity indices recorded negative performance in October.
The MVIS Western Europe Long/Short Equity Index was the month’s biggest loser, down 2.60 per cent.
This was followed by the MVIS Emerging Markets Long/Short Equity Index (-1.51 per cent), the MVIS Global Event Long/Short Equity Index (-1.36 per cent), the MVIS North America Long/Short Equity Index (-0.55 per cent), the MVIS Global Long/Short Equity Index (-0.44 per cent), and the MVIS Asia (Developed) Long/Short Equity Index (-0.07 per cent).
Each index is constructed using transparent, liquid ETFs and US Treasury securities
- 02/11/2016
LMAX Exchange, a multilateral trading facility (MTF) for FX, has joined the IPC FX Hub in the Equinix NY4 data centre.
The IPC FX Hub supports the global foreign exchange markets through data centes in key markets such as London, New York, Tokyo, Singapore, Frankfurt, Moscow, Zurich, Chicago and Hong Kong – all with connectivity to IPC's community of financial market participants and low latency access via IPC's dark fibre rings to key FX liquidity providers and dealers.
Ralf Duken, head of networks and security of LMAX Exchange, says: "LMAX Exchange aims to provide its clients with a range
- 02/11/2016
- 02/11/2016
LCM partners has closed the LCM Partners Credit Opportunities III strategy, with in excess of EUR2 billion in commitments across a mix of managed accounts and a commingled fund from pension funds and foundations in the US, Continental Europe and the UK.
“LCM Partners is incredibly proud to include some of the most prestigious institutional investors as clients following the close of the LCM Credit Opportunities III strategy. We are honoured to represent state retirement schemes, public and private sector workers and foundations. We take our responsibility to manage our clients’ assets prudently very seriously and it is this approach
- 02/11/2016
Fincad, a provider of valuation and risk analytics, has added coverage for mortgage-backed securities (MBS) and structured fixed income securities to its F3 solution via integration with data analytics providers AD&Co and Intex.
Buy side firms can use F3 to hedge exposure and perform scenario analysis across their entire multi-asset portfolio, including derivatives, MBS and related sectors.
“To combat low interest rates and achieve higher returns, more buy side firms are adopting sophisticated investment strategies and adding new asset classes, such as MBS and structured fixed income,” says James Church (pictured), vice president, product management and R&D, Fincad. “Based on
- 02/11/2016
Multi-strategy hedge fund manager Elliott Management Corporation, through an affiliate, is to acquire a controlling interest in Aeolus Capital Management (ACM) and its affiliated entities.
The transaction is subject to the completion of definitive documentation and regulatory approval and is expected to be completed before year end.
The selling shareholders – Peter Appel, founder of ACM, and Allied World Assurance Company – will each retain significant minority ownership positions, with Appel continuing to serve ACM as its non-executive chairman and Allied World continuing as a substantial capital provider to the investment funds managed by ACM.
The ACM management
- 02/11/2016
Following the completion of its acquisition of Cantab Capital Partners in October, GAM has launched its first purely quantitative equities UCITS fund, GAM Systematic Global Equity Market Neutral.
The fund was developed by the Cantab investment team, which now operates within GAM Systematic and uses a disciplined and systematic investment process. The new fund invests in the 2,500 most liquid equities globally, employing multiple proprietary models – both fundamental and behavioural – to identify the relative attractiveness of each stock. This results in a highly liquid, diversified equities portfolio with extremely low correlation to global equity markets and within a
- 02/11/2016
- 02/11/2016
Candriam Investors Group, a European asset manager owned by New York Life Investment Management (NYLIM), has appointed César Zeitouni as head of long short equity.
"We are delighted to welcome César to the absolute performance management team, at a time when such expertise is being increasingly regarded by investors as a strategic investment,” says Fabrice Cuchet, head of alternative management at Candriam. "He is a highly experienced operator in the new technologies sector and in long short equity who has come to us to drive the launch of a new strategy in the field of the digitisation of the economy."
- 02/11/2016
Activist hedge funds often push the management teams they target to pursue a sale of the company, which is the only reliable strategy for generating a return for themselves and the shareholders of the companies they target.
This is according to “Activism Mergers,” a study released by the University of North Carolina Kenan-Flagler Business School.
The study was conducted by UNC Kenan-Flagler finance professors Anil Shivdasani and Nickolay Gantchev and Nicole Boyson of the D’Amore-McKim School of Business at Northeastern University, and will be published in the Journal of Financial Economics. It analyses more than 2,000 hedge fund activist
- 02/11/2016
In October 2016, the monthly volume on EEX’s power derivatives market amounted to 410.1 TWh, increasing by 52 per cent from October 2015 figure of 270.1 TWh.
The volume increase in power futures for the Germany/Austria (+57 per cent), France (+53 per cent) and Spain (+246 per cent) market areas contributed to this overall volume.
With almost 10 TWh, EEX achieved a new monthly record in Spanish power futures (October 2015: 2.8 TWh). In addition, with an increase in the use of power options, EEX registered a total volume of 27.2 TWh, of which 23.9 TWh were registered in Phelix
- 02/11/2016
Investment managers are expecting significant growth in terms of assets under management (AuM) and revenue in the next three years, according to a survey by investment management solutions provider SimCorp.
The majority of the surveyed firms cited ‘provision of superior service’ and ‘product innovation’ as the main areas of focus for supporting growth.
In the survey – Unlocking Growth Through Innovation – which was conducted by Lindberg International and was supplemented by qualitative interviews by Citisoft, representatives from 83 investment management firms from Europe, North America and Asia Pacific were asked to project their annual growth rates in the
- 02/11/2016
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