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Hedge funds posted strong gains in October to begin the fourth quarter in positive fashion, according to data released by HFR. October’s gains partially reversed declines from a volatile Q3, driven by equity, fixed income and credit-sensitive strategies.
The HFRI Fund Weighted Composite Index (FWC) posted a gain of +1.7 per cent for the month, bringing the FWC to a Net Asset Value of 12,424, with gains led by Equity Hedge and Activist strategies. October represents the strongest FWC monthly gain since February and brings the YTD performance to +0.03 per cent. This YTD gain tops the decline of the
- 09/11/2015
The European Securities and Markets Authority has elected three new members to its Management Board to replace outgoing members whose terms expire in November this year.
The election took place at the Board of Supervisors meeting in Luxembourg on 5 November and the successful candidates, who will serve a term of 2.5 years beginning on 1 December 2015, are: Lourdes Centeno, Comisión Nacional del Mercado de Valores (CNMV), Spain – new member; Klaus Kumpfmüller, Finanzmarktaufsicht (FMA), Austria – ending first term and re-elected; and Elisabeth Roegele, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany – new member.
The outgoing members were Kostas
- 06/11/2015
Conning is to acquire Octagon Credit Investors, a US–based manager of specialised credit asset classes with expertise in collateralised loan obligations (CLOs), bank loans and high yield bonds.
Based in New York, Octagon has more than 20 years of experience investing in below-investment grade markets, allowing Conning to expand its best-of-breed capabilities for clients globally. Octagon manages USD12.8 billion in assets through its CLOs, separate accounts and commingled fund offerings on behalf of insurance companies, banks, pension funds and asset managers. Andy Gordon will continue as Octagon’s Chief Executive Officer, and the firm’s existing investment and business teams will remain
- 06/11/2015
- 06/11/2015
The New York office of global law firm K&L Gates LLP has added Bruce MacLennan as a partner in the investment management, hedge funds and alternative investments practice. He joins K&L Gates from Holland & Knight LLP.
MacLennan counsels clients on complex international business transactions with a focus on the structuring and formation of private investment funds, including private equity, real estate, venture capital, and hedge funds, as well as unique investment vehicles. He also advises on investments in private funds and on related transactions such as private equity and venture investment deals, mergers and acquisitions, joint ventures, strategic alliances,
- 06/11/2015
After a strong September, CTA strategies posted lower returns across the board in October 2015, with all managed futures indices calculated by Societe Generale Prime Services in negative territory.
The Newedge CTA index was down 1.15 per cent in October (from 1.17 per cent in September) bringing year-to-date performance to -1.18 per cent.
Short Term Trader returns were mixed, resulting in slightly negative index performance of -0.31 per cent, but representing a large return dispersion between individual managers.
Trend followers experienced the difficult market conditions in October most strongly, with the Newedge Trend index ending down 2.45 per
- 06/11/2015
Hawksford has boosted its corporate and private client offering with the promotion of two managers with over 40 years’ combined industry experience to associate director roles – Christine Simpson in the private client team and Sian Huish in the corporate team.
Simpson, joined Hawksford as a manager within the private client team in April having previously worked for Capco Trust. She is a member of the Society of Trust and Estate Practitioners (STEP) with more than 25 years’ experience in the offshore finance industry. In her new role Simpson will have responsibility for driving Hawksford’s high standards of client service
- 05/11/2015
- 05/11/2015
Miki Sugimoto and Matthew Hannay have joined London-based hedge fund and long-only manager RWC Partners’ Global Horizon team, which is led by Louise Keeling.
Sugimoto brings over 10 years’ experience on the buy-side from Veritas, where she was an assistant fund manager to the Real Return Asia Fund, and Newton Investment Management where she was Director of Japanese Equity. She holds a BScEng in Computer Science from Imperial College London.
Hannay joins from Baillie Gifford where he worked for three years and spent time on the Global Income, Developed Asia Equities and North American Equities desks as part
- 05/11/2015
Duco, a London-based fintech provider of hosted reconciliation services, is setting up its European regional headquarters in Luxembourg. The move follows the opening of Duco's North American regional headquarters in September and continued investment in its global base in London.
Duco Chief Executive Officer and Co-Founder Christian Nentwich, PhD, says: "Following a very successful 18-month growth period where we built our client base from zero to 28 financial and service organizations, the recent significant 'series B' investment by ICAP and the establishment of our New York office, expanding further into Europe was the logical next step."
Michael Marconi, Duco Chief
- 05/11/2015
- 05/11/2015
With some of the biggest names in private equity real estate raising ever larger funds, this extract from Preqin Real Estate Spotlight looks at how emerging managers are faring in the fundraising market and how investor appetite for new firms is changing.
The fundraising environment for emerging managers* seems especially daunting in recent times amid intense competition for fundraising; managers lacking an established track record are finding it difficult to gain traction and secure institutional investor commitments. Larger, more experienced real estate firms, however, have been securing ever greater proportions of fundraising, but has this been at the expense of
- 05/11/2015
smartTrade Technologies has added a margin credit functionality to its end-to-end low latency FX trading platform, LiquidityFX.
smartTrade's LiquidityFX platform has seen increasing adoption by a large variety of clients looking to move from their incumbent platforms to a flexible non-volume based priced solution and has led to a growing demand for a margin credit extension.
The margin credit extension is fully integrated in smartTrade’s LiquidityFX and complements its existing risk management features, giving clients the ability to immediately access additional advanced functionalities. This extension allows end clients to trade larger amounts, leveraging their cash margin, while brokers can monitor and
- 05/11/2015
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