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Societe Generale Prime Services reports that CTAs continued their good performance from June with all CTA indices posting positive returns in July.
The SG Trend index, measuring the performance of the largest ten trend-following based CTAs, was the best performing index for July but year to date still remains behind the CTA Index, which is a broader measure of the largest 20 CTAs, with a year to date return of 5.53 per cent.
Short term traders, despite posting the lowest monthly returns amongst the indices in July, are still leading performance year to date, with a year to date
- 05/08/2016
- 05/08/2016
The FICC Markets Standards Board (FMSB) has appointed Gerry Harvey as its first Chief Executive Officer. Gerry Harvey has 30 years’ experience in the wholesale financial markets and extensive experience in the regulatory field.
Mark Yallop, Chair of the FICC Market Standards Board (FMSB), says: “I am delighted Gerry is joining the FMSB. He has a deep knowledge of business practices, market structures and regulation in the fixed income, foreign exchange and commodities markets. We couldn’t have found a better person to lead the FMSB through the next stages of its journey raising standards across wholesale markets.”
Harvey says:
- 05/08/2016
Societe Generale has appointed Ramir Cimafranca as Head of Prime Services in Japan, effective immediately.
Based in Tokyo, he reports locally to Koji Shimamoto, Director and Executive Vice President, Societe Generale Securities Japan Limited and regionally to James Shekerdemian, Head of Prime Services, Asia Pacific and Global Head of Prime Brokerage Sales.
In his new role, Ramir will develop Prime Services in Japan which is composed of Prime Brokerage & Clearing, Global Execution Services and Cross-Asset Secured Financing.
This appointment follows the successful integration of Newedge in Japan in May this year. With Societe Generale's recognised expertise in Global Markets
- 05/08/2016
Vattenfall Energy Trading Netherlands NV has become a Liquidity Provider on the European Energy Exchange (EEX) Derivatives Market for Emission Allowances.
The Dutch trading entity of Vattenfall is admitted for trading on the spot and futures markets for emission allowances and will support liquidity in the EUA Futures market.
"We are very pleased to welcome Vattenfall NV as the new Liquidity Provider,” says Steffen Köhler (pictured), Chief Operating Officer of EEX. "This strengthens the price quality in our order book and makes our market place more attractive for other market participants."
Andreas Gelfort, Head of Benelux, UK Power and Emissions
- 05/08/2016
The US Commodity Futures Trading Commission (CFTC) has announced two separate actions on how the rules related to the Dodd-Frank Wall Street Reform and Consumer Protection Act apply to cross-border transactions.
Specifically, the CFTC issued a Final Response to District Court Remand Order in Securities Industry and Financial Markets Association, et al. v. United States Commodity Futures Trading Commission. Also today, the CFTC’s Divisions of Swap Dealer and Intermediary Oversight (DSIO), Clearing and Risk, and Market Oversight (Divisions) issued a time-limited no-action letter that extends relief, which was originally provided in November 2013 and subsequently extended, to swap dealers registered
- 05/08/2016
Recon Capital, an investment firm and exchange traded fund (ETF) provider has expanded its product offerings by partnering with Crow Point Partners, a boutique investment manager with a long track record in global equity, alternative, and specialty fixed income strategies, to offer the Crow Point Dividend Plus Fund.
“Today, with yield and volatility curves at historic lows, investors face an inordinate amount of assymetric risk. Investment management firms need to provide products to help them. We believe GDPIX does that,” says Peter DeCaprio, the CEO and co-founder of Crow Point. The Crow Point Dividend Plus Fund is comprised of three
- 05/08/2016
The number of Jersey-registered alternative investment fund managers marketing into Europe through national private placement regimes (NPPRs) under the EU Alternative Investment Fund Managers Directive (AIFMD) continued to rise in H1 2016.
According to figures from the Jersey Financial Services Commission (JFSC), as at June 2016, 115 alternative investment fund managers (AIFMs) had been authorised in Jersey to market into Europe through NPPRs, up 11 per cent compared to December 2015. Over the same period, the number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPR stood at 251, representing a 9 per cent increase.
These figures
- 05/08/2016
A new partnership between Avelacom and SGX aims to improve accessibility of low latency applications that are in high demand among hedge funds, trading firms, investments banks both within and outside the APAC region.
Avelacom’s network comprises of the most direct, low latency fibre routes with Singapore. By setting up a new point of presence in SGX Data Centre Avelacom leverages its connectivity offerings across major trading hotspots in Asia and beyond. As a result, SGX’s members can benefit from more diverse and reliable low-latency solutions including ultra-low latency market data delivery and order routing, cross-connect opportunities, cloud strategies.
“We
- 05/08/2016
Hedge fund data provider HFR reports that hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese Yen surged on Brexit, while hedge funds investing in China and throughout Emerging Asia posted mixed performance for the second quarter.
The HFRI Japan Index fell -2.7 per cent in June, the largest monthly decline since February, as the Nikkei 225 lost -9.6 per cent for the month, bringing the Nikkei’s 1H16 decline to -18.2 per cent. The June loss brings performance of the HFRI Japan Index to -2.6 per cent for 2Q and -6.1 per cent
- 05/08/2016
- 05/08/2016
Deloitte has expanded its Irish investment management team with the appointment of Matthew Foley (pictured) to partner.
Foley specialises in the provision of assurance and advisory services to clients in the investment management and insurance sectors. He has extensive experience in audit, accounting, advisory and regulatory services, garnered from working with both Irish domiciled companies as well as large multinational financial services groups.
Mike Hartwell, Investment Management Leader at Deloitte, says: “Our investment management team is focused on delivering world class services to our clients along with providing insights that inform and enable them to make confident business decisions
- 04/08/2016
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