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Registered investment advisory firm SJL Capital has launched its maiden hedge fund, SJL MarketDNA Hedge Fund LP, which began trading in May and has a live track record.
It is currently domiciled in California.
SJL Capital’s portfolio manager Matthew Rossi (pictured) says the fund employs an equity long/short strategy that takes advantage of opportunities and events to managing its hedge fund with the objective of providing above average returns with low volatility.
SJL Capital sees its fund as "having an advantage over other hedge funds by applying the proprietary quant algorithm called MarketDNA."
The algorithm has 20
- 05/07/2016
- 05/07/2016
FactSet Research Systems has completed the sale of its market research business, consisting of Market Metrics and Matrix Solutions, to Asset International, a portfolio company of Genstar Capital.
Upon completion of the sale on 1 July 2016, FactSet received USD165 million in cash, less certain adjustments including a customary working capital adjustment.
Upon the achievement of certain growth targets over the next two years by the market research business that has been sold, FactSet would be entitled to an additional earn-out of USD10 million.
- 05/07/2016
City Financial Investment Company has acquired management of the Convex Strategy, with current assets of USD180 million, from Fortress Investment Group in Asia.
The strategy will be managed by chief investment officer David Dredge and the investment team who join City Financial’s regulated entity in Singapore and managing director Julian Ings-Chambers in London.
The acquisition further expands City Financial’s Asian business alongside the Asian macro team based in Hong Kong and the Japanese equities team.
David Dredge has 25 years of Asian investment experience. Prior to joining Fortress in 2011, he was a managing director and portfolio manager
- 05/07/2016
- 05/07/2016
Societe Generale Prime Services reports that June was a strong month for most CTA strategies, with the SG CTA Index posting the largest monthly gain since November 2014, and 90 per cent of the constituent programs contributing positive returns.
All CTA indices have finished positively in the month, and complete the first half of the year in positive territory, led by short-term strategies which have returned +5.80 per cent year to date.
The firm writes that performance figures announced last week showed that CTAs weathered Britain’s EU referendum result well, despite mid-month market uncertainty, having benefited from diversification across
- 05/07/2016
Christopher Meyers (pictured), head UK & NL institutional trading at Flow Traders, reports that over the last 18 months, the firm has seen an increase in wealth and asset managers in the UK using ETFs.
Flow Traders is a global principal trading firm, a technology-enabled liquidity provider specialising in ETPs and ETFs. The firm continuously provides liquidity to the major financial markets, quoting prices on more than 95 exchanges and providing bid and ask prices off-exchange to institutional counterparties on a request-for-quote basis.
The recent surge in interest in ETFs by wealth managers is partly due to the ETF providers,
- 05/07/2016
- 05/07/2016
Townsend Lansing (pictured), head of ETCs, ETF Securities reports that the range of investors using exchange traded commodities (ETCs) is broadening to include retail investors. "Interestingly enough in the early days we probably saw predominantly institutional investors using them the most," he says.
"Since 2012, we have seen more and more retail usage, which we measure via trade size. We assume that primary market trades less than USD1 million are direct retail or retail intermediaries. Trades of that size have seen a significant increase, which we take as a representation of increasing interest from this demographic."
Lansing believes that much
- 05/07/2016
- 05/07/2016
The incredible level of market volatility arising from the uncertainty over the UK's referendum vote has caused a great deal of de-risking on the part of investors over recent months.
Chanchal Samadder (pictured), Head of UK and Ireland ETF sales at Lyxor Asset Management says: "The flows we saw last year and at the beginning of this year were into risk assets, equities across the board geographically but now we are experiencing a reversal towards a risk-off downside protection type of environment."
Risk-off has been dominated by fixed income, with investment grade credit in the US proving itself popular with
- 05/07/2016
- 05/07/2016
Last November saw BMO Global Asset Management, part of the Bank of Montreal, open the European arm of its ETF business in London.
Marc Knowles (pictured), director of ETFs, BMO Global Asset Management says: "The Canadian ETF business has been up and running for seven years, gathering USD23 billion of assets across 66 ETFs. Launching and developing the ETF business in Europe is part of the firm's strategy to build a global ETF business."
Since landing in London, the firm has launched nine income orientated ETFs, including five equity 'Income Leader' ETFs which combine two strategies, quality and yield. With
- 05/07/2016
- 05/07/2016
June has seen two events in the ETF calendar organised by firms who have overcome their market competitiveness with each other in favour of educating investors.
The ETF Forum is an independent, UK-based partnership founded by ETF/ETP providers BMO Global Asset Management, ETF Securities, Source in association with Legal & General Investment Management and WisdomTree Europe.
The stated aim of The ETF Forum – which covers not only exchange traded funds (ETFs), but the entire ETP landscape – is to provide advisers and wealth managers with a better understanding of ETFs and how to use them as effective investment tools
- 05/07/2016
FlexTrade Systems, a specialist in multi-asset execution management systems, has opened a representative office in Sydney, Australia.
With the proposed increases in superannuation contributions there will be an increase in assets under management (AUM) being handled by money managers and superfunds in Australia.
It’s likely that hedge funds, asset managers and others will be increasingly active with their investments in order to improve their returns. There is a limit to the size of potential investments in the Australian market, so traders at these firms will also be looking to trade internationally.
This is driving a growing requirement for
- 05/07/2016
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