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Hedge funds advanced 1.83 per cent in July, according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index. Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.69 per cent in August.   "SS&C GlobeOp's Capital Movement Index rose 0.69 per cent for August, a result in line with seasonal patterns and almost identical to the year ago figure of 0.71 per cent reported for August of 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "The 0.69 per cent gain reported this month was the net of both slightly
Percentile, a provider of technology for risk management and regulatory compliance, has appointed John Barker as non-executive director and adviser to the board, Brian Miranda as sales director and Lavinia Constantin as product manager. It says the team expansion reflects increasing demand from both buy-side and sell-side for technology that provides a firm-wide view of risk exposures and enables compliance with regulatory and internal stress testing requirements under the Fundamental Review of the Trading Book (FRTB) rules.   MiFID II shifts the focus towards the buy-side, expecting hedge funds and asset managers to take more ownership of their risk management
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.17 per cent in July, underperforming the HFRX Global Hedge Fund Index’s 1.45 per cent return by 28 basis points. The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month on a positive note, returning 1.31 per cent in July.   The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market
EEX Group has reported significant growth in during the first six months of 2016, with sales revenue up by 34 per cent compared with the same period in 2015 to a total of EUR117.5 million. In the first half of the year, earnings before taxes (EBT) were EUR45.8 million as against EUR79.7 million during the reference period in 2015. However, after adjustment for special effects from the full consolidation of EPEX SPOT in 2015, the operating result has grown by 53 per cent from EUR29.9 million.   The Power Derivatives Market accounted for the biggest contribution to revenue in the
The Lyxor Hedge Fund Index was up 0.8 per cent in July, with seven out of 10 Lyxor indices ending the month in the black, according to the firm’s latest Alternative Investment Industry Barometer. The rally in global markets fuelled the most directional strategies, with special situations and L/S equity long bias managers leading the pack.   “The post-Brexit market rally in July fuelled directional hedge fund strategies such as L/S equity and event-driven. Yet, the near term outlook remains challenging as economic activity is weak and traditional asset classes are richly valued. Hence, we maintain a preference for hedge
Investors pulled USD20.7 billion from hedge funds last month – one of the largest drawdowns in years – but hedge funds saw a performance rebound in July, with aggregate performance hitting 1.89 per cent in July and 3.29 per cent year-to-date. That’s according to the July 2016 eVestment Hedge Fund Performance Report. Of particular note, according to the report, was performance of event driven, activist and distressed funds, as well as funds focused on Brazil and China.   According to author Peter Laurelli (pictured), eVestment’s vice president and global head of research, in 2016 event driven funds have had more money
ACSI Funds, an asset management firm specialising in the use of proprietary customer satisfaction data as a leading indicator for security selection, has appointed exchange-traded fund (ETF) specialist Kevin Quigg as chief strategist. ACSI Funds had previously been operating under the name CSAT Funds.   Prior to joining ACSI Funds, Quigg (pictured) was global head of sales strategy for State Street Global Advisors SPDR family of ETFs. Quigg oversaw the growth of assets under management in SPDR ETFs to over USD400 billion during his tenure.   "Kevin Quigg is a recognised leader in the ETF industry and has helped drive
Tim Thornton, (pictured) COO, Fund Services, MUFG Investor Services has commented that the loss of AIFMD passporting rights that enable UK-based alternative fund managers to market products across the EU has been one of the industry’s main concerns since the Brexit vote.    “Whether the UK retains its existing AIFMD rights or is required to apply through the equivalency process will only become clear as negotiations progress. The latter scenario is much more likely, but given that the regulatory regime in the UK already matches that of the EU, the process of bringing forward the approval of an AIFMD third
The US Commodity Futures Trading Commission (CFTC) is to publish proposed amendments to CFTC regulation 3.3 which would provide futures commission merchants, swap dealers, and major swap participants additional time to file chief compliance officer annual report. The proposed amendments would also clarify the timing of the filing requirements applicable to swap dealers and major swap participants located in jurisdictions for which the CFTC has granted a comparability determination with respect to the contents of the reports.    If adopted, the proposed rule would effectively codify and supersede CFTC Staff Letter No 15-15 issued 27 March 2015.   The CFTC
Nuveen has teamed with Artivest, a technology-driven alternatives investment platform, to bring alternative investments capabilities to RIAs, family offices, private banks and other financial advisers serving qualified high-net-worth investors. Advisers will now be able to use investment tools, education materials and a client service team to access Nuveen and parent company TIAA’s alternative investment solutions, which currently comprise assets exceeding USD140 billion in aggregate, including real estate, agriculture, infrastructure, timber, agribusiness, private equity, as well as alternative credit-based, long/short, and special sector investment strategies.   Nuveen says alternative investments are playing an increasingly important role in building successful and diversified

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