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The SS&C GlobeOp Forward Redemption Indicator for July 2016 measured 2.95 per cent, down from 4.88 per cent in June.
"SS&C GlobeOp's Forward Redemption Indicator rose to 2.95 per cent for July 2016, up from 2.08 per cent reported a year ago for July 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"However, it's worth noting with regard to this comparison that the prior year's reported July number of 2.08 per cent equalled the lowest of any month of July since the inception of the index.
“Even with this difficult comparison, on a year-to-date
- 22/07/2016
Data from S&P Dow Jones Indices shows that calm has returned to the markets following Brexit, as VIX closed at 11.77 – its lowest level for over a year.
Along with VIX, nearly every volatility measure since a month ago. The greatest falls were in short term US equity volatility and in British pound sterling volatility; both fell by about 50 per cent.
Tim Edwards (pictured) of S&P Dow Jones indices says: “At the start of the holiday season, the global outlook is generally suggestive of a quiet summer. Only the Japanese yen, British pound and Japanese government bond
- 22/07/2016
Economic uncertainty following the UK vote to leave the EU has created potential opportunities for hedge fund managers and, as a result, many more funds have launched focused on the region, according to Preqin’s Q2 update on the hedge fund industry.
Europe-focused hedge funds saw a large increase in the proportion of overall fund launches, rising from 1 per cent of funds launched in Q1 to 16 per cent of those incepted in Q2.
At the same time, UCITS-compliant funds accounted for 18 per cent of overall fund inceptions through Q2, the highest quarterly proportion tracked by Preqin since
- 22/07/2016
This month marks the five-year anniversary of the three successful GAM Star Credit Opportunities funds (EUR, USD and GDP) managed by Atlanticomnium SA in Geneva.
The funds have delivered strong performance in spite of many challenges during the period, including eurozone crises in various iterations, Russia’s slowdown, worries over the Chinese economy, as well as the latest political turmoil from the UK’s Brexit vote. Investors have enjoyed a total return of 53 per cent in the EUR fund, 60 per cent in the GBP fund and 44 per cent in the USD fund since launch.
The funds have delivered what
- 21/07/2016
Jersey’s proactive approach to developing new funds legislation together with its commitment to enhancing links with overseas markets will ensure its funds industry can look forward to a positive future, according to Mike Byrne (pictured), the new Chairman of the Jersey Funds Association (JFA).
Elected into the position of Chairman at the recent AGM (1 July) of the trade association that represents Jersey’s funds industry, Byrne, a partner at PwC Channel Islands, is joined by Tim Morgan, partner at Mourant Ozannes, who will serve a second term as Vice Chair.
Also on the updated committee are Nick Taylor (Ashburton Investments) who remains as
- 21/07/2016
The European Securities and Markets Authority (ESMA) has further recommended Guernsey for a ‘third country’ passport under the Alternative Investment Fund Managers Directive (AIFMD).
In its final assessment to the European Commission, Parliament and Council, ESMA stated that there are ‘no significant obstacles regarding investor protection, competition, market disruption and the monitoring of systemic risk impeding the application of the AIFMD passport to Guernsey’. Guernsey is among a group of only five jurisdictions that ESMA has offered unqualified and positive assessments to which includes Canada, Japan, Jersey and Switzerland. Four other jurisdictions, Australia, Hong Kong, Singapore and the US have received
- 21/07/2016
Hedge fund Livermore Partners has added Rob Wildeboer to its advisory board. Wildeboer is the Executive Chairman of the Board at Martinrea International, an auto parts manufacturer located in Canada with more than USD3 billion in annual revenues.
Additionally, Wildeboer serves as counsel to Wildeboer Dellelce LLP, a law firm specialising in corporate, securities and tax law, which he co-founded in 1993.
Wildeboer has extensive experience in the areas of corporate and securities law and has participated in a broad range of securities and related transactions, including public and private financings for both start-ups and mature companies, mergers and acquisitions,
- 21/07/2016
Incline Investment Management (IIM) is marking the fourth anniversary of its proprietary investment program, the Systematic Hybrid Strategy, which has outperformed its benchmark, the HFRX Macro: Systematic Diversified CTA Index by close to 25 per cent since its launch in July 2012.
The strategy’s objective is to provide non-correlated diversification with equity-like volatility. IIM says a classic case of the ‘crisis alpha’ it offers was apparent the day after the Brexit vote on 23 June when the Strategy was up 9.5 per cent. The Systematic Hybrid Strategy was up 9.45 per cent in June.
In response to demand for non-correlated
- 21/07/2016
HTG Capital Partners is to acquire the introducing broker, money management and proprietary trading businesses of Kottke Associates.
The transaction is expected to close in the third quarter, subject to the completion of certain closing conditions.
Chris Hehmeyer, manager and CEO of HTG, says: “HTG is very excited to partner with the Kottke team. Neal and his partners are giants in our industry, and I am honoured to now be in business with someone I have known for over 30 years. HTG will now provide its expertise, technology and high level of service to the Kottke prop traders, customers
- 21/07/2016
Global hedge fund capital increased in Q2 2016, recovering the decline from the prior quarter and rising above the year-end 2015 level to reach the third highest quarterly capital total on record, according to the latest HFR Global Hedge Fund Industry Report.
The industry navigated volatility and dislocations related to Brexit in late 2Q to post asset gains for both 2Q and 1H16. Total hedge fund capital rose to USD2.898 trillion as of 30 June, an increase of USD42.06 billion during the quarter, as the HFRI Fund Weighted Composite Index gained 2.0 per cent in Q2.
The current capital
- 21/07/2016
- 21/07/2016
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