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A survey of 270 fund managers conducted by Preqin in early June finds that Europe-based hedge fund managers agree on their predictions for the outcome of the 23 June referendum, believing that UK will vote to remain in the European Union.
Seventy-nine per cent of managers in both the UK and the rest of Europe believe Britons will vote to remain in the EU, while 14 per cent of managers in both regions think they will opt to leave. However, European managers differ on their perception of the impact that a British exit from the EU would have; 59 per
- 17/06/2016
Managed futures traders lost 0.68 per cent in May according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 0.21 per cent year to date.
“Profitable trading in energy, equity indices, and interest rates were not enough to overcome losses from trend reversals in the US Dollar and metals for traders with longer-term time horizons,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Diversified Traders Index gave up 1.48 per cent in May, Systematic Traders lost 1.02 per cent, while Financial/Metals Traders broke even.
Four of Barclay’s eight CTA indices did have positive returns in
- 17/06/2016
- 17/06/2016
ThinkForex, a leading multi-asset provider of global derivatives trading will be increasing its margin requirements for sterling denominated currency contracts in anticipation of increased volatility during the UK’s vote on its relationship with the European Union.
The EU referendum will take place on the 23 of June 2016 and is expected to impact global financial markets such as the pound and FTSE 100. The London-based broker has reported that it will increase margins on all GBP crosses and the UK stock index to 5 per cent.
Nauman Anees CEO and co-founder of ThinkForex, says: “Back in January the decision of
- 16/06/2016
Hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned for macroeconomic volatility in Q2 2016, including Brexit and possible interest rate increases by the US Federal Reserve.
The number of liquidations dropped to 291 in Q1 2016, falling from 305 closures in the prior quarter but still representing a sharp year-over-year increase from the 217 liquidations in 1Q15, according to the latest HFR Market Microstructure Report, released today by HFR. New hedge fund launches totalled 206 in the first quarter, up from 183 the prior quarter, but a decline from the 264
- 16/06/2016
- 16/06/2016
Such has been the pace of regulatory change in recent years that there now appears to be a degree of overlap between UCITS V and AIFMD as European regulators and the European Commission commit to enhancing investor protection, not just in UCITS funds but all alternative investment funds. With UCITS V now live, there are areas of common ground with AIFMD, principally regarding the depositary liability sanctions regime and the remuneration regime.
To canvass a range of different opinions on UCITS V and AIFMD, and the extent to which these two regulatory bodies are moving towards a single orbital
- 16/06/2016
Changes in the way that client relationships are managed, investment management brands are built and assets are raised and retained are reflected in a new guide for investor relations professionals by the Alternative Investment Management Association (AIMA).
The release of the AIMA Guide to Sound Practices for Investor Relations comes at a time of tremendous change in investor relations (IR) at alternative asset management firms globally.
Investors and fund managers are increasingly entering into partnerships with one another, founded on principles of increased transparency, customisation and co-investment. These trends have led to an evolution in the remit of IR
- 16/06/2016
Calastone, the global funds transaction network, is hosting the sixth annual Funds Industry Football Charity Shield in aid of Make-A-Wish UK, the charity that grants magical wishes to enrich the lives of children and young people fighting life-threatening conditions.
The football tournament continues to be a highly anticipated fixture in the UK funds industry calendar.
In the six years that Calastone has held the Charity Shield, it has raised over GBP60,000 for very worthwhile causes. The 2016 tournament, scheduled to take place on Thursday 23 June in Shoreditch, London, opens up the competition once more.
This year, more than
- 16/06/2016
Allianz Risk Transfer (ART) and Nephila Capital (Nephila) they have successfully piloted the use of blockchain smart contract technology for transacting a natural catastrophe swap.
The test run not only demonstrates that transactional processing and settlement between insurers and investors could be significantly accelerated and simplified by blockchain-based contracts, but also points to other benefits such as increased tradability of cat bonds and wider opportunities to apply this technology in other insurance transactions.
So-called catastrophe or ‘cat’ swaps and bonds are financial instruments which transfer a specific set of risks, typically natural disaster risks such as hurricanes or typhoons, from
- 16/06/2016
Palmer Square Capital Management, an investment management firm that provides structured credit, corporate credit and hedge fund strategies such as long/short credit to a wide range of investors, has closed on its seventh Collateralised Loan Obligation (CLO).
Palmer Square has been a pioneer in structuring and executing on static pool CLO transactions. The firm closed its first static CLO transaction, on 16 January, 2016 and its second static CLO transaction on June 8, 2016. In total, the transactions amounted to USD400 million in issuance. JPMorgan Securities acted as lead arranger on both transactions. Similar to Palmer Square's five recent transactions,
- 16/06/2016
With one week to go until the UK referendum on membership of the EU, Hermann Beythan, partner at law firm Linklaters, is warning that Brexit could push up costs for hedge funds.
“If the UK were to exit the EU, there will be an impediment for the export of fund services and products whilst the costs to operate and distribute fund shares would increase materially,” says Beythan.
One of the main issues is around ‘fund passporting’ – at the moment through a UCITS passport, UK funds can be sold directly to European investors.
“Under Brexit, a UK fund would have
- 16/06/2016
- 16/06/2016
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