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Hedge funds are on track to deliver solid returns in July, up 1.4 per cent month to date (0.4 per cent last week). In line with our overweight recommendation, CTAs and Global Macro managers outperformed other hedge fund strategies. Meanwhile, Event-Driven managers underperformed both last week and on a month-to-date basis, in line with our downgrade of the strategy from overweight to neutral early June.
- 27/07/2015
Income investors have become increasingly interested in technology companies as their cash levels continue to climb, but investors need to be wary as the sector remains predominantly focused on growth, Kames Capital has warned.
Insatiable demand for the latest technology has left tech giants like Apple with huge cash piles on their balance sheets, which shareholders are calling to be returned to them in the form of dividends. To a large extent this is being heeded: over the last ten years, the number of dividend-paying tech stocks on the S&P 500 has more than doubled, while Apple has become the
- 27/07/2015
The evolving regulatory landscape and increasing compliance costs will continue to be a major challenge for the asset management industry, according to a new report from Alpha FMC.
The report, which is based on qualitative and quantitative polling of major asset management houses representing a combined GBP6 trillion AUM, found that whilst most asset managers consider that they are well set up to manage the regulatory agenda, it is proving increasingly costly, with 78 per cent of respondents expecting to spend more in budgetary terms on regulation in 2015 than they did last year, rising to 89 per cent
- 27/07/2015
Data management platform provider Accudelta has appointed Oonagh O’Mahoney (pictured) as the firm’s new Senior Vice President Business Development Europe.
O’Mahoney has over 20 years’ experience in asset management which includes senior roles in Goldman Sachs, Henderson Investors and HSBC.
Based in London, O’Mahoney will lead the growth of the Accudelta business in Europe and report to Accudelta Managing Director, Conor Smyth.
“I’m delighted to welcome Oonagh to Accudelta,” says Smyth. “She brings an impressive track record of achievement in the asset management industry and we’re pleased she has decided to join us. We have ambitious growth plans
- 27/07/2015
Charles River has relocated to a new office in Tokyo to support continued growth in the Japanese market and meet increased client demand for the Charles River Investment Management Solution (Charles River IMS) delivered as a hosted service.
“Charles River has provided clients in Japan with on-the-ground support since 2007,” says Cameron Field, Managing Director Asia-Pacific, Charles River. “Our new, expanded office is in direct response to growing market demand for the full breadth of our service offerings. We’ve significantly increased our staff of local sales and managed services experts, and our new premises in the heart of Tokyo’s financial
- 27/07/2015
The latest hedge fund launch data is analysed in this extract from the Preqin Quarterly Update: Hedge Funds, Q2 2015, which looks at the structure, location, investment focus and strategy of hedge funds launched in the second quarter.
Single-manager hedge funds dominated launch activity over the quarter, accounting for 79 per cent of the 116 hedge fund launches added to Preqin’s Hedge Fund Analyst in Q2 2015 (Fig 1). Alternative mutual fund structures saw a decline in terms of their prominence in fund launches, from representing 13 per cent of fund launches in Q1 2015 to just 3 per
- 27/07/2015
- 27/07/2015
Dinsmore Capital Management and Gabelli Funds announced have signing a strategic relationship. Subject to shareholder approval, the Dinsmore Group of Gabelli Funds will continue to manage the Bancroft Fund and the Ellsworth Growth and Income Fund. In addition, the Dinsmore portfolio management team will contribute to the management of The Gabelli Convertible and Income Securities Fund.
Thomas H Dinsmore, Chairman and Chief Executive of Dinsmore, says: "We are delighted to enter this new chapter of our stewardship of the Bancroft and Ellsworth funds. Gabelli has a world-class reputation for generating returns for shareholders. Becoming part of the Gabelli team will offer
- 27/07/2015
Deutsche Börse AG and the shareholders of 360T Beteiligungs (360T), including Summit Partners 360, have signed a definitive agreement regarding the full acquisition of 360T by Deutsche Börse AG for a total EUR725 million.
360T is a leading global FX trading platform catering to a broad customer base including corporates, buy-side firms, and banks, with double-digit annual revenue growth since its inception in 2000. The acquisition by Deutsche Börse AG is expected to further accelerate 360T's organic growth trajectory. In addition, the combination will facilitate significant double-digit million Euro revenue synergies in the mid-term by utilising Deutsche Börse Group's international distribution capabilities and expertise.
Deutsche Börse AG plans to finance the
- 27/07/2015
- 27/07/2015
Nearly a third of UK-based finance professionals feel under pressure to compromise their ethical standards, according to a report released today by the Chartered Institute of Management Accounts (CIMA).
The third annual ‘Managing Responsible Business’ report, which polled 2,498 professionals across the world, found that the proportion of UK-based workers reporting such pressure jumped from 18 per cent in 2012 to 30 per cent in 2015. Worryingly, a fifth (21 per cent) of respondents agreed those who report concerns about unethical behaviour are seen as troublemakers by management.
The top causes of pressure to compromise standards of ethical business
- 27/07/2015
Nasdaq has launched Nasdaq Futures, a US-based platform that will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading. All products will be cleared through The Options Clearing Corporation (OCC).
"NFX was born out of strong customer demand and a confidence in Nasdaq's ability to deliver an innovative technology solution," says Hans-Ole Jochumsen (pictured), President, Nasdaq. "We truly believe that competition drives innovation, and that the energy futures market is ready for our more transparent pricing model."
NFX is a designated contract market, powered by
- 27/07/2015
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