Latest News
The Context Macro Opportunities Fund has surpassed USD100 million in assets under management, a year after commencing operations on 4 August 2015.
The Context Macro Opportunities Fund seeks total return with low to negative correlation to broad financial markets by using alternative investment strategies. Total return consists of capital appreciation and income.
"This milestone highlights our ability to select a proven private fund manager in First Principles Capital Management and create a registered product with an investment objective to lower correlation to traditional risk assets and which seeks to generate asymmetric returns," says John Culbertson (pictured), president and chief
- 24/08/2016
US listed options volume fell to a 14-month low in July as domestic stocks’ post-Brexit recovery reduced investors’ appetite for hedges, according to the July 2016 TABB Options LiquidityMatrix (OLM).
Options volume in the month totalled 308.9 million contracts, 16 per cent lower than June’s volume and 19 per cent below the year-ago July.
The S&P 500 Index rose 3.6 per cent in July and closed at fresh record highs during the month for the first time since May 2015. The CBOE VIX Index fell 24 per cent in the month, closing as high as 15.58 on 5 July
- 24/08/2016
Global asset manager Russell Investments’ Russell FX Network is now accessible to clients via Eze Software Group’s order management system, expanding RFX Network’s real-time connectivity to the global financial community.
RFX Network is an end-to-end trading solution for complex trade lists, featuring executable streaming prices, competitive forward points, advanced netting, client-to-client matching and allocation of foreign exchange (FX) transactions.
Developed in partnership with Integral Development, an FX technology company, RFX Network combines these features into an intuitive and easy-to-use workflow for the buy-side community, including pension funds and asset managers.
“Connecting via Eze Software, a premier provider of
- 24/08/2016
Global law firm K&L Gates has added Sasha Burstein as a partner in the firm’s investment management, hedge funds and alternative investments practice in San Francisco.
She joins K&L Gates from Paul Hastings.
Burstein counsels investment advisors and institutional investors on matters involving private investment funds, including hedge, private equity, and hybrid funds. She advises on legal and regulatory matters such as registration and operation, mergers and acquisition transactions, and regulatory compliance, as well as the structuring, negotiating, and documenting of alternative investments.
“We are extremely pleased that Sasha has joined us,” says Edward Sangster, administrative partner of K&L Gates’
- 24/08/2016
The US Commodity Futures Trading Commission (CFTC) has charged Deutsche Bank with failing to report any swap data for multiple asset classes for five days, submitting incomplete and untimely swap data, failing to supervise its employees responsible for swap data reporting, having an inadequate business continuity and disaster recovery plan and violating a prior CFTC order.
As alleged in the CFTC’s complaint, on 16 April 2016 Deutsche Bank’s swap data reporting system experienced a systems outage that prevented Deutsche Bank from reporting any swap data for multiple asset classes for approximately five days.
Deutsche Bank’s subsequent efforts to end
- 24/08/2016
Exchanges are recognising the changing futures commission merchant (FCM) landscape and are willing to look to new and innovative ways to serve their client base, according to a report by TABB Group.
The CME Group is the latest to propose a direct clearing option for its end users as Direct Funding Participant (DFP) members, following the similar ISA Direct initiative launched by Eurex Group earlier this year.
Tom Lehrkinder, author of Clearing House Calculus II: Exchanges Expand the Boundaries of Self Clearing, explains futures clearing has reached an inflection point that has forced exchanges and clearing houses to take
- 23/08/2016
Pacific Fund Systems (PFS), a provider of fund administration software to hedge funds and private equity funds, has made two appointments to its European operations team.
Erich Carshagen, a senior business analyst within the PFS group, has relocated to PFS’ new European offices headquartered in the Isle of Man.
Carshagen will be working with Martin Heaney, PFS’ senior business analyst and head of testing, and the business analyst team across the PFS group, and will continue to provide client training and supporting materials, migration assistance, support, design specifications for new developments and enhancements, and system testing. Carshagen is a
- 23/08/2016
- 23/08/2016
The European Energy Exchange (EEX) has determined the auction calendar for the auctions of EU allowances (EUA) and EU aviation allowances (EUAA) to be held on the successor EU common auction platform (CAP2), in accordance with the EU Auctioning Regulation.
The CAP2 auctions, which are conducted under a new service contract awarded to EEX last month, will start on 5 September 2016. Until the end of this year, a volume of 159 million emission allowances is scheduled to be auctioned off on behalf of 25 EU member states.
The timing of the auctions will be the same as for
- 23/08/2016
Fund administration provider MainstreamBPO is to acquire New York-based hedge fund administration business Fundadministration.
Fundadministration is a US full-service fund administration firm that works with emerging and established hedge fund managers, registered investment advisers and traders.
The firm administers 140 funds for 45 clients with funds under administration (FUA) of USD5 billion.
All of Fundadministration’s existing staff will join MainstreamBPO with Fundadministration CEO Denise DePaola to join the group’s executive team and become the CEO of MainstreamBPO’s US operations.
The acquisition is part of Australian based MainstreamBPO’s growth strategy of expanding into key fund services markets, with
- 23/08/2016
Managed futures traders gained 0.37 per cent in July, according to the Barclay CTA Index compiled by BarclayHedge.
The index is up 2.12 per cent year to date.
“July’s global equity rally proved to be the major source of profits for many CTA portfolios,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Five of Barclay’s eight CTA indices had positive returns in July. The Diversified Traders Index gained 0.73 per cent, Systematic Traders were up 0.50 per cent, and Financial/Metals Traders gained 0.24 per cent.
“On the commodity side, long precious metals and short energy positions
- 23/08/2016
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