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Amsterdam-based independent hedge fund specialist Theta Capital Management is celebrating its 15th anniversary this month.
Theta Capital welcomed its first investors on 1 September 2001 and has always been exclusively focused on investing in hedge funds on behalf of its clients.
Founder Tijo van Marle says: “We started with a capital base of around EUR20 million from friends and family. Investors had their own dedicated portfolio of hedge funds. And September 2001 turned out to be an interesting month to start. Equity markets were down 10 per cent while we and our clients lost less than 1 per cent.
- 12/09/2016
The Lyxor Hedge Fund Index was up 0.14 per cent in August, with seven out of 10 Lyxor indices ending the month in positive territory.
The summer lull supported hedge funds, with merger arbitrage and fixed income and credit managers leading the pack.
In contrast, long-term CTAs suffered a setback especially due to the volatility in USD and US bonds.
“Most investors struggle to find compelling investment opportunities,” says Jean-Baptiste Berthon, senior cross-asset strategist, Lyxor Asset Management. “Trading volumes are low, the smart money remains on the sideline, trends don’t last, and differentiation across assets declined. However, with
- 12/09/2016
- 12/09/2016
Financial and corporate communications consultancy Citigate Dewe Rogerson has created a global hedge fund practice centred on London, New York, Hong Kong and Singapore.
The practice will be led by senior director Christen Thomson (pictured), a former deputy CEO of the Alternative Investment Management Association (AIMA), the global representative of the alternative investment industry.
Thomson was responsible for co-ordinating strategic communications for the industry and worked closely with both many of the world’s biggest hedge funds and many of the world’s biggest investors in hedge funds, as well as with journalists covering the industry globally.
Patrick Donovan,
- 12/09/2016
Alternative asset managers are changing their business models and exploring a broader set of arrangements designed to improve the alignment of interest between themselves and their investors, according to a survey by the Alternative Investment Management Association (AIMA).
The study, titled “In Concert”, is the most extensive undertaken by AIMA into the design of manager remuneration, investment terms and other methods of deepening the relationship with investors.
AIMA chief executive Jack Inglis (pictured) says: “Managers want to build sustainable businesses and investors want the right kind of performance at a fair price. These are the interests that are being ever
- 12/09/2016
MassMutual affiliates Babson Capital Management, Cornerstone Real Estate Advisers, Wood Creek Capital Management and Baring Asset Management are now fully integrated and operating as a unified company under the Barings name.
The Barings brand and logo have been refreshed in a move that aims to reflect a modern and forward-looking asset management firm committed to meeting the evolving investment and capital needs of clients.
"This merger marks an exciting moment in our history, and it enhances our ability to provide comprehensive, innovative solutions to help our clients meet their investment objectives," says Tom Finke, chairman and chief executive officer
- 12/09/2016
- 12/09/2016
Alternative investment firm Black Diamond Capital Management and alternative asset manager Spectrum Group Management have received a favourable ruling in their long running dispute with Yucaipa in connection with their investment in Allied Systems.
In a written opinion last week, Judge Sue L Robinson of the US District Court in Delaware granted their motion to dismiss a lawsuit asserting claims against the firms under the Racketeer Influenced and Corrupt Organisation Act (RICO) by Yucaipa, finding there was "no plausible basis" for the claims.
Dismissal of the lawsuit is the latest in a series of favourable court rulings for Black
- 12/09/2016
Saxo Bank has launched a digital trading solution for corporate and government bonds which gives its clients access to trading opportunities in over 5,000 investment grade and high yield corporate and government bonds from all over the world and in 20 different currencies.
The solution will be rolled out in October on SaxoTraderGO, the bank's multi-asset trading platform.
Saxo Bank will offer both retail and institutional clients more transparent, cheaper and more efficient access to fixed income trading opportunities.
It says the move is set to revolutionise the way investors trade bonds – a process which currently involves
- 12/09/2016
Wave 3 represents a tipping point which will enable the market to evaluate whether the T2S project justifies the investment companies have made in the platform, according to Tom Casteleyn, head of product management for custody, cash and FX at BNY Mellon.
“A critical mass of settlement volume is scheduled to go live on 12 September 2016, providing the first meaningful picture of the project’s capabilities,” he says.
“Extensive work and investment has gone into ensuring that the T2S project is successful and delivers the benefits first promised by the ECB. Initial delays to the migration of Italy’s Monte
- 12/09/2016
Options volume in August totalled 322.7 million contracts, 4.5 per cent higher than July’s volume but 24 per cent lower than August 2015, according to TABB Options LiquidityMatrix (OLM).
In July and August 2016, traders swapped 631.6 million total contracts, the lowest two-month total since August 2012.
The S&P 500 Index fell 0.1 per cent in August, stalling at or around all-time highs as it closed within a 1.5 per cent high-to-low range during the month.
The CBOE VIX Index climbed 13 per cent, or 1.55 points, in the month, closing as high as 13.65 on Aug. 26
- 09/09/2016
Northern Trust has enhanced its Global Securities Lending capabilities with EquiLend’s Next Generation Trading platform, which optimises lending performance through increased customisation and enhanced automation with borrowers.
Global Securities Lending is Northern Trust’s single, multi-currency system for managing the securities lending process.
With the integration of Next Generation Trading, the availability of securities is communicated in real time and can be tailored to meet a borrower’s specific needs.
Customising inventory increases the efficiency of trading desks globally and allows traders to focus on value-added opportunities for clients. Next Generation Trading is currently live in Northern Trust’s 54 global
- 09/09/2016
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