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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
July saw positive performance across the majority of asset classes as markets rebounded after the Brexit turmoil. The MSCI World Index returned 4.3 per cent whilst the Barclays US Aggregate Bond Index returned 0.6 per cent, pushing both indices up over 5 per cent year-to-date.
GAM portfolio manager Anthony Lawler (pictured) says: “Asset classes and investment managers generally performed well in July in the broad rally prompted by market expectations of another wave of easy monetary policy. The US dollar and commodities were the notable exceptions as they sold off over the month. Compared to the immediate post-Brexit risk aversion, investors
- 04/08/2016
- 04/08/2016
The proposed cooperation between the Austrian Central European Gas Hub (CEGH) and the Paris-based Powernext has now officially been approved by the Austrian and German competition authorities.
Austrian CEGH Gas Exchange spot and futures contracts will now be operated on the PEGAS platform under the Powernext rulebook and exchange license. The migration of CEGH products to the PEGAS platform will be carried out by the end of November 2016. In addition, the agreement foresees the joint development of the Austrian as well as the Central and Eastern European (CEE) gas markets.
Gottfried Steiner (pictured), CEO of Central European Gas Hub
- 04/08/2016
ENSO Financial Analytics (ENSO), a portfolio finance and treasury solution for hedge funds, has partnered with EBS Treasury, an ICAP owned Money Market Fund (MMF) platform, to provide cash and collateral movement workflows to ENSO clients.
EBS Treasury is powered via Swift Messaging, and by connecting the two platforms, ENSO clients will be able to make money market sweeps and cash movements through EBS Treasury and further optimize counterparty relationships.
“Our focus at ENSO has been to develop an end-to-end solution that connects customers with their data, opportunities, and workflow. We are excited to partner with EBS Treasury and take
- 04/08/2016
AMP Capital and BetaShares have launched their third active exchange traded managed fund (ETMF). The AMP Capital Dynamic Markets Fund (Hedge Fund) (DMKT) is the first global multiasset fund trading on the Australian Securities Exchange (ASX).
The Dynamic Markets Fund was established in 2011 by AMP Capital Head of Dynamic Markets Nader Naeimi and AMP Capital Head of Investment Strategy and Chief Economist Shane Oliver to meet the needs of investors concerned about achieving their investment goals in the face of increasing market volatility.
DMKT is the ASX-traded version of the existing unlisted AMP Capital managed fund, which has raised more than AUD1.2 billion from
- 04/08/2016
SimCorp has released version 6.0 of its integrated investment management solution, SimCorp Dimension. The new release, which is the second of this year’s two releases, introduces a number of new modules and enhancements across front, middle and back office.
A new module, ‘General Reconciliation – Static Data’ adds to the recently launched Reconciliation Manager, which was introduced with Release 5.9 as a central hub for all reconciliation processes with full integration to the system’s IBOR (Investment Book of Record). The new module facilitates the reconciliation of static data, for example the maturity date of a bond or the expected dividend on
- 04/08/2016
Schonfeld Strategic Advisors has expanded its exposure to quantitative trading with its commitment to Masa Capital, a newly-established investment adviser, run by quant portfolio manager Eric Tavel.
Tavel’s expertise lies in the development of quantitative trading strategies within a diverse set of asset classes, including futures and currencies. Schonfeld will support Masa Capital by investing capital as well as assisting with infrastructure and recruitment of personnel.
Tavel spent the last five years as the Head of Quantitative Trading for RBC’s proprietary trading division, known as GAT. Prior to RBC, he worked for 14 years at Goldman Sachs Asset Management as
- 04/08/2016
Franklin Templeton Investments has launched Franklin K2 Global Macro Opportunities Fund for US investors, a multi-manager fund that invests in a variety of global macro strategies sub-advised by institutional-quality hedge strategy managers.
Global macro hedge strategies generally have the widest mandate of all hedge strategies, as managers may take positions across the asset classes of global equities, interest rates, currencies or commodities.
"Against the backdrop of increased global macroeconomic and political uncertainty, many US investors are potentially taking on more equity risk than their goals would dictate, and may be open to looking for new ways to diversify their investment
- 04/08/2016
Investors redeemed a net USD20.70 billion from hedge funds in June, bringing Q2 net flows to negative USD10.68 billion and H1 2016 net flows to negative USD27.95 billion, according to eVestment’s latest Hedge Fund Industry Asset Flow Report.
As a result of the redemptions, the largest June since eVestment began tracking monthly flows in 2009, global hedge fund assets dropped below USD3 trillion.
eVestments says: “while there are exceptions, investors are clearly dissatisfied not only with 2015 returns, but also with performance from portions of the industry in 2016. The result of the Brexit vote, and its impact on returns
- 04/08/2016
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