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LoCorr Funds has hired Wayne Wagner as Vice President, National Account Manager. Wagner will be responsible for expanding distribution through new selling agreements, deepening existing relationships and expanding partnership opportunities with LoCorr’s top broker/dealer partners.
Wagner, who brings nearly 25 years of financial services experience to LoCorr Funds, was most recently with Ameriprise Financial as the VP, Head of Wealth Management Consulting where he built the external Wealth Management Consultant team focused on serving the affluent client base. Wayne also spent more than eight years with Principal Financial Group in Phoenix, where he was a VP/Divisional Sales Manager for the
- 03/05/2016
One year after launch, the RWC Nissay Japan Focus Fund has delivered significant outperformance versus the index generating +7.2 per cent for its investors versus the TOPIX’s decline of -11.7 per cent, making it the third best performing fund out of 265 within the Lipper Japan UCITS peer group.
The fund is an actively managed portfolio of Japanese equities with a strong focus on active engagement with those companies. Through positive and constructive shareholder engagement, the team aims to help boards unlock value and so generate alpha within the fund.
Management teams in Japan are seeing increased scrutiny on
- 03/05/2016
CME Group’s April 2016 volume averaged 13.8 million contracts per day, up 21 per cent from April 2015.
CME Group April 2016 options volume averaged 2.6 million contracts per day, up 15 per cent versus April 2015, with electronic options averaging 1.6 million contracts per day, up 31 per cent over the same period last year. Total open interest at the end of April was 110 million contracts, up 20 per cent from year-end 2015.
Interest rate volume averaged 5.5 million contracts per day in April 2016, up 8 per cent from April 2015, while equity index volume averaged
- 03/05/2016
Three out of six of the MVIS suite of investable Long/Short Equity Indices recorded positive performance in April.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The MVIS Global Event Long/Short Equity Index led the way with a return of 0.42 per cent, followed by the MVIS Western Europe Long/Short Equity Index (0.39 per cent) and the MVIS Emerging Markets Long/Short Equity Index (0.31 per cent).
The month’s biggest loser was the MVIS Global Long/Short Equity Index with a return of -0.51 per
- 03/05/2016
Many Hedge Funds historically have used futures to gain exposure to indices, but this may be set to change, according to research by exchange traded fund (ETF) provider Source.
The overall costs of ETFs have been trending lower, making them more competitive compared to futures based on the same underlying indices, especially when considering the additional costs of ‘rolling’ futures at each expiry period. Three of the six indices that Source regularly monitors had more expensive futures rolls in the December 2015 expiry period compared to the relevant Source ETFs. This was in spite of asset managers reducing their net
- 03/05/2016
Nir Regev’s Regev Group, which is based in Missouri, has joined DFPG Investments, a national independent broker-dealer and RIA.
"We are very pleased that Nir identified the fit with our firm," says DFPG's CEO, Mike Bendix. "Nir brings a lot of value to DFPG, not the least of which is his stellar reputation and respect from so many industry peers and partners."
Nir Regev (pictured) says: "Part of the draw to DFPG was the established expertise they provide relating to alternative products, which I consider important to my practice. But the tipping point for me was DFPG's people. I recognised
- 03/05/2016
- 03/05/2016
Aston Hill Asset Management has appointed Manitou Investment Management as exclusive sub-advisor to two closed end funds, the Aston Hill VIP Income Fund and the Aston Hill Advantage VIP Income Fund., effective 1 May, 2016,
“The appointment of Manitou to these additional mandates underlines the importance of the partnership and our confidence in their investment process. Their disciplined approach is a perfect fit for these two mandates." says Aston Hill CEO James Werry. "The Manitou investment team has an extremely strong track record built on behalf of their high net worth and institutional clients. Being able to bring this kind
- 03/05/2016
CME Group is to collaborate with Crypto Facilities Ltd, a digital assets trading platform, to develop the CME CF Bitcoin Reference Rate (BRR), which will provide a final settlement price in US dollars at 4 pm London time on each trading day, and CME CF Bitcoin Real Time Index (RTI), which will allow users real-time access to bitcoin prices.
Both new products are expected to launch in the fourth quarter of 2016.
The BRR will aggregate the trade flow of major bitcoin spot exchanges during a specific calculation window into a once-a-day, transparent reference rate of the US dollar price
- 03/05/2016
The European Securities and Markets Authority (ESMA) has issued two Opinions proposing amendments to its draft Regulatory Technical Standards (RTSs) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
ESMA proposes to revise the RTS on non-equity transparency – which includes requirements in respect of bonds, structured finance products, emission allowances and derivatives – and the RTS on the methodology for the calculation and application of position limits for commodity derivatives. The Opinions were produced in response to proposed amendments by the European Commission to these draft RTSs.
MiFID II will extend transparency requirements to
- 03/05/2016
The pan-European gas trading platform PEGAS registered a total volume of 153.7 TWh in April 2016, which represents almost the double of the volume traded over the same period last year (April 2015: 77.0 TWh).
The increase was driven by a volume increase on the futures market with 104.2 TWh (April 2015: 30.5 TWh).
Spot trading volumes in April reached 49.5 TWh. On the Dutch market area TTF, 13.6 TWh were traded which represents a growth of 9 per cent compared to last year. The German NCG hub registered a total volume of 18.2 TWh (+20 per cent), while GASPOOL
- 03/05/2016
- 03/05/2016
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