Latest News
The actions of central banks over the past few years have been particularly hard for hedge funds, especially fundamental stock pickers, and whilst global macro and CTAs have been able to make some solid returns (the latter more in 2H14), there's been precious little to celebrate in hedge fund land.
According to Preqin's latest global hedge fund survey, 33 per cent of investors felt that hedge funds had fallen short of expectations in 2015. Fund managers shared this sentiment, with 40 per cent saying that they too felt performance had lagged; the average hedge fund returned just +2.02 per cent.
Central
- 24/03/2016
Two years ago, in recognition of the regulatory burden facing Swiss fund managers, Pfaeffikon-headquartered Etops, an independent operational service provider for hedge funds and investors like family offices and wealth managers, combined forces with Deloitte to develop a unique solution called Assetbox.
Assetbox contains a series of modules to support managers both in the setting up of operations and funds, registration with FINMA, as well as in the FINMA required ongoing processes and substance.
"Assetbox was a pioneering effort to make regulation digestible for hedge fund managers. We went directly to FINMA and established a quasi standard, which the market
- 24/03/2016
- 24/03/2016
Jabre Capital Partners is one of the industry's best-known hedge funds. Established by Philippe Jabre (pictured) in 2006, the Geneva-based hedge fund runs a variety of strategies that include: Multi-strategy, Equity Long/Short, Convertible Bonds, Emerging Markets and Event Driven.
With respect to its Emerging Markets strategy, Jabre Capital combines a top down global macro view with bottom up fundamental stock selection to build positions in a diversified portfolio.
Such has been the level of volatility coming out of emerging market economies, principally China, that finding the right investment opportunities and trying to time the right entry and exit points has been
- 24/03/2016
Mergers and acquisitions and energy-focused equity long/short are two of the most attractive fund strategies for 2016 at Unigestion, according to the group's Managing Director and Head of Hedge Funds, Nicolas Rousselet (pictured).
Identifying the best strategies for investors has been no easy task in recent times, thanks in large part to the excessive interference of central banks. In a bid to boost inflation by weakening their currencies, the European Central Bank and the Bank of Japan have both resorted to negative interest rates. The ECB now has a -0.4 per cent deposit rate for banks wishing to park their
- 24/03/2016
By Michaël Malquarti (pictured), SYZ Asset Management – Although the phenomenal growth in index management since the 1990s had already begun to shake up the fund management industry, the 2008 crisis triggered a more profound reform process. This change is particularly visible in the alternative investments arena. As well as reinforced standards governing hedge funds, the most spectacular transformation has probably been the emergence and astonishing growth of alternative UCITS in Europe.
Several factors underpin this situation. Current macro-economic uncertainty and the associated asset volatility are certainly behind stronger demand for different types of funds, generally perceived as being less risky.
- 24/03/2016
- 24/03/2016
Geneva-based SwissRepCo was established in January 2014 by industry veterans Dermot Butler (pictured), former chairman of Custom House Group, a leading fund administrator, and Lancelot Frick, a fifth generation Swiss private banker and CEO and President of Frick Capital SA. ("Frick").
SwissRepCo arose in response to FINMA's decision to beef up existing fund regulations that had been brought in in 2006. In 2013, those regulations were enforced under the Collective Investment Schemes Act (`CISA') but it wasn't until 1 March 2015 that foreign hedge funds were mandated to appoint a Swiss legal representative and paying agent to continue distributing their
- 24/03/2016
There was a degree of trepidation among foreign hedge funds when Switzerland formerly introduced a revised version of the Collective Investment Scheme Act (CISA) on 1 March 2015, bringing hedge funds under the watch of FINMA, Switzerland's financial regulator, for the first time.
Previously, only funds that were registered for public offerings – now referred to as distribution to non-qualified investors (i.e. retail investors) – had to appoint a Swiss legal representative and paying agent. As of last year, it also became a requirement for foreign hedge funds looking to raise assets from Swiss qualified investors, defined under CISA as including
- 24/03/2016
Envestnet | Tamarac has teamed up with CAIS to provide independent advisors with access to third-party hedge funds and private equity funds, as well as research on the alternative investment space, through its portfolio and client management platform, Advisor Xi.
More than 800 independent RIA firms rely on Advisor Xi, Tamarac's web-based, custodian-agnostic portfolio and client management technology platform, to collectively manage more than $500 billion in assets and over 1 million client accounts. The first phase of the integration between Tamarac's Advisor Xi and CAIS is now available to advisors.
"Our integration with CAIS will deliver efficient, reliable access
- 24/03/2016
361 Capital, an investment firm specialising in liquid alternative mutual funds, has unveiled a new brand identity designed to better reflect and support the firm’s innovative approach to helping advisors and their clients achieve better investing outcomes through the use of alternatives.
The modernised branding spans all of the firm’s communications platforms, including the 361 Capital website, which features improved navigation and a wider variety of content. The updated look and feel aims to provide advisors with the exact information and support they need, when they need it.
“Our branding and communications needs to keep pace with the evolution of
- 23/03/2016
- 23/03/2016
The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against JPMorgan Ventures Energy Corp. (JPMVE) and JPMorgan Chase Bank for failing to comply with their obligations to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of the Commodity Exchange Act (CEA) and CFTC Regulations 20.4 and 20.7.
The CFTC Order requires the Respondents to pay, jointly and severally, a $225,000 civil monetary penalty and to cease and desist from committing further violations of the CEA and CFTC Regulations, as charged.
As stated in the Order,
- 23/03/2016
Special Reports
FeatureD
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
- Intel
- April 15, 2024
