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US Listed Options volumes surged in January, while average bid/ask size drops to lowest in two years, according to the January 2016 TABB Options LiquidityMatrix (OLM). “January’s stock-market pain was the options market’s gain, with US listed options volumes rising to its highest monthly reading since August,” says TABB Group options research analyst Callie Bost, who manages the OLM.   January’s resurgence of violent market swings were a boon to US listed options trading. Volume last month totalled 364.4 million contracts, 7.6 per cent higher than December’s total and 3.2 per cent higher than the year-ago January.
 The S&P 500
The latest semi-annual survey of the European repo market by the International Capital Market Association (ICMA), has set the baseline figure for market size at EUR5,608 billion, broadly unchanged from the June 2015 survey figure of EUR5,612 billion. The survey calculates the amount of repo business outstanding on 9 December 2015 from the returns of 72 offices of 68 financial groups, mainly banks,   The relative stability of outstandings between the two surveys is down to the expansion of non-EU banks' European repo books. Meanwhile, the study notes a decline in the activity of G-SIFIs (Global Systemically Important Financial Institutions),
The Financial Industry Regulatory Authority (FINRA) has barred two Buffalo-based brokers – Timothy S Dembski and Walter F Grenda – from the securities industry for fraud in connection with the sale of a hedge fund, the Prestige Wealth Management Fund. Dembski and Grenda’s misconduct occurred while they were employed with Mid Atlantic Capital Corporation.   FINRA’s investigation found that Dembski and Grenda made material misrepresentations and omissions to lead investors to believe that the hedge fund was a “growth” fund that would be based on a computer algorithm that automatically included risk protections and stop-losses to limit losses in the
A new study from The Chicago Board Options Exchange (CBOE) examines six benchmark indexes that invest in Russell 2000 Index (RUT) options and compares their performances with those of traditional benchmark stock and bond indexes. This is the first comprehensive study that examines the performance of multiple options-strategy benchmark indexes that incorporate Russell 2000 Index options.   Written by Mark Shore (pictured), an adjunct professor at DePaul University's Kellstadt Graduate School of Business, and sponsored by CBOE, the study, “Analysing Russell 2000 Index Options-Based Benchmark Indexes Designed to Provide Enhanced Yields and Risk-Adjusted Returns,” looks at the performance of six
The Lyxor Hedge Fund Index was down 0.9 per cent in January, despite positive performance from  five out of the 11 Lyxor Indices, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Global Macro Index (+0.7 per cent), and the Lyxor Fixed Income Arbitrage Index (+0.7 per cent) were the month’s best performers.   Hedge Funds displayed remarkable resilience in January. Both markets and analysts started the year with reasonable growth expectations. These were aggressively revised down, triggered by the release of the disappointing Chinese PMI and the CNY depreciation.
Two out six of IndexIQ’s proprietary family of hedge fund replication and alternative beta indices recorded positive performance in January.  The IQ Hedge Market Neutral Index led the way with a return of 0.33 per cent followed by the IQ Merger Arbitrage Index at 0.13 per cent.   The month’s biggest loser was the IQ Hedge Long/Short Index which was down 2.83 per cent for the month, while the IQ Hedge Event Driven Index (-2.42 per cent), the IQ Hedge Multi-Strategy Index (-1.13 per cent), and the IQ Hedge Global Macro Index (-1.03 per cent), also finished the month in negative territory.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2016 measured -2.86 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.66 per cent in February. "SS&C GlobeOp's Capital Movement Index rose 0.66 per cent for February 2016 after a decline of -3.28 per cent in January of 2016," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "This improvement is very much in line with normal seasonal patterns. In fact, the 0.66 per cent gain for February 2016 is almost identical to the year ago gain of
The global hedge fund industry started the year off on a negative note, with a -2.22 per cent aggregate return in January, according to eVestment’s January 2016 Hedge Fund Performance Report. Peter Laurelli (pictured), eVestment vice president and head of research, author of the report reveals that only 32 per cent of funds were positive in January, but there were some bright spots in the industry. For instance, nearly 70 per cent of macro and managed futures funds were positive last month.   Managed futures funds’ +1.89 per cent return in January is the best monthly aggregate return since January
US private equity and real estate groups are paying close attention to the opportunities on offer in Ireland to pick up distressed assets, as the ripples of the '08 financial crisis continue to be felt there. Whether they are buying actual assets, or the debt that is held on those assets, depends on what the individual manager is trying to achieve but as Nicholas Tsafos, Chairman and Director of EisnerAmper Global Ltd, observes: "Whether it is commercial real estate or retail real estate, we are seeing managers invest in a variety of property portfolios, buying landmark properties such as the
There has been a flurry of activity over at ML Capital in the last few months. The company provides a range of UCITS and AIFMD fund solutions to fund managers and currently has over USD1.5 billion of assets under management across its Dublin-based MontLake UCITS Platform and MontLake QIAIF Platform. The MontLake UCITS Platform, in particular, has added a number of new funds including: Mygale Event Driven UCITS managed by Neil Tofts; OTS Asia Opportunity UCITS, managed by OTS Capital Management, and SPARX OneAsia Long Short UCITS, managed by SPARX Asia Investment Advisors.  According to ML Capital's CEO, Cyril Delamare,

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