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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for February 2016 measured -0.95 per cent, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.82 per cent in March. “Hedge funds benefited from strong net capital flows this past month with SS&C GlobeOp’s Capital Movement Index advancing 0.82%, up from a gain of 0.59% for February 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The 0.82% for March 2016 also reflected a year-over-year improvement from 0.63% for March of 2015. The March data continued the trend of recent
The hedge fund industry produced an aggregate return of 0.25 per cent in February 2016, according to eVestment’s latest Hedge Fund Performance report, with gains driven by returns from managed futures funds, despite continued losses from managers targeting credit opportunities. The slight gain halted the overall industry’s three consecutive months of performance declines. 
 A little more than half the industry produced positive results in February, a large improvement over January when only 28 per cent of funds produced positive returns. Interestingly, the average positive return in February was very similar to January (+2.68 per cent, +2.57 per cent), but average
JonesTrading Institutional Services, an institutional equity block trading and execution firm based in the United States, is expanding into pan-Asian trading. In addition to Asia markets already covered for US-based institutions, the firm will now trade equity instruments in virtually all Asian markets on behalf of local and US institutional clients, using its relationship based model. JonesTrading will now cover Hong Kong, Singapore, Australia, New Zealand, Thailand, Indonesia, The Philippines, and Japan, as well as Japanese clients trading US   The move is being made in response to market demand. The need for high-touch trading continues to grow, even as
HIG Capital has appointed Giuseppe Mirante as Managing Director of Bayside Capital, the firm’s distressed debt and special situations affiliate. Mirante, who has over 15 years of private equity and distressed debt experience, will be based in London. Prior to joining Bayside, Mirante was Head of Distressed and Loan Research at BNP Paribas in London. Previously, He was a European credit and distressed analyst at Cyrus Capital and Trafalgar Asset Managers. He also co-founded and ran Tigon Capital, an advisory company for private equity and credit funds. He is fluent in German, Italian, Spanish and French and holds an MBA
FundCount, a Boston-based provider of investment management, general ledger and partnership accounting software for single and multi-family offices, fund administrators, hedge funds, private equity and related investment firms, has appointed Michael Slemmer CFA (pictured) as Chief Operating Officer for the Americas. With over 30 years of experience in investment technology, Slemmer joins FundCount from SS&C, where he was Director of Business Development for its performance measurement, attribution and risk products. Prior to this he was a principal at The Collaborative, an investment industry consulting firm. Slemmer was General Manager, North America and held other leadership roles at Thomson Financial –
Collins Capital’s Long/Short Credit Fund (CCLIX/CLCAX), a mutual fund offering a true long/short credit strategy that dynamically adjusts exposure throughout the credit cycle, has passed its one year anniversary. "We are very pleased with how well the Fund protected capital for clients and outperformed during this tumultuous fixed income environment," says Dorothy Weaver, Co-Founder, Chief Executive Officer and Chief Investment Officer of Collins Capital. "After years of wide open credit markets, suppressed volatility, low interest rates, and the tide essentially lifting all boats, the high yield market has quickly reversed course and we are finally starting to see fundamentals matter
The Lyxor Hedge Fund Index was down 0.9 per cent in February, with just three out of the 11 Lyxor sub-indices ending the month in positive territory, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Merger Arbitrage Index (+0.5 per cent), and the Lyxor LS Equity Long Bias Index (+0.4 per cent) were the best performers.   The rally by mid-February triggered multiple macro and sector rotations. The selling pressure exhausted by mid-month. The rally in risky assets unfolded in poor trading volumes as most market players were initially
ICAP Global Broking has expanded its electronic capabilities with the launch of TrueQuote, a new portal for buy side clients. The portal, which will offer a number of multi asset class solutions over the coming months, launches with its first fixed income solution, CrossTrade. Working in partnership with fixed-income data provider, Interactive Data, CrossTrade is a workflow efficiency tool which enables buy side customers to execute cross trades at an independently determined mid-price. The first solution of its kind, CrossTrade will bring transparency, efficiency and standardisation to the execution of cross trades.   Due to the changing regulatory environment, it
Specialist asset manager Gresham House has appointed Richard Davidson (pictured) as Chair of the Investment Committee of its forestry management subsidiary, Aitchesse Ltd. He will also become Lead Fund Manager of the Gresham House Forestry Fund.  With a strong knowledge of and interest in forestry through his involvement in The Forestry Partnership, advised by Aitchesse, as both an investor and Investment Committee member, Ric Davidson hard will work alongside founder Digby Guy and the experienced forestry management team to establish and manage the Gresham House Forestry Fund.    Davidson has over twenty five years of experience in fund management in
The US Commodity Futures Trading Commission (CFTC) today announced that a federal court in Las Vegas, Nevada, issued a Consent Order requiring Defendants Oren Shabat Laurent of Israel and his companies ET Binary Options, of Israel, Banc de Binary of Cyprus, BO Systems of the Seychelles, and BDB Services of the Seychelles (collectively, Banc de Binary) are to pay USD7.1 million in restitution to US customers who traded illegal, off-exchange binary options offered by the defendants.    The Defendants have also been ordered to pay a USD2 million civil monetary penalty and hit with a permanent ban on offering or

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