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Latest research from Preqin finds that liquid alternative products, such as UCITS and alternative mutual funds, have out-performed hedge funds. The average alternative mutual fund returned 4.36 per cent in 2014, while the average hedge fund saw a return of 3.78 per cent. The average UCITS fund returned just 1.45 per cent.
Liquid alternatives have opened up the possibility of hedge fund investment for more than just the largest investors. The report states: “These regulated products, with lower investment minimums and fees, have proved attractive to retail clients, and institutional investors and funds of hedge funds have shown an increasing
- 24/04/2015
Deutsche Bank is to pay USD800 million to settle US Commodity Futures Trading Commission (CFTC) charges that it routinely engaged in acts of false reporting and attempted manipulation.
The CFTC order also states that, at times, Deutsche Bank succeeded in manipulating the London Interbank Offered Rate (LIBOR) for US Dollar, Yen, Sterling, and Swiss Franc, and the Euro Interbank Offered Rate (Euribor), interest rate benchmarks critical to the US and global financial markets.
Deutsche Bank is also charged with aiding and abetting, at times, the attempts of traders at other banks to manipulate Yen LIBOR and Euribor. The CFTC
- 24/04/2015
Hedge funds have consolidated their upswing in March and continue to do so early April.
- 24/04/2015
GMEX Technologies (GMEX TECH), part of the Global Markets Exchange Group International, and Avenir Technology Limited (Avenir), the UK based post-trade software firm, have partnered with the Agricultural Commodity Exchange for Africa (ACE).
This partnership will deliver a new system to issue, manage, trade, clear and settle warehouse receipts for soft commodities. The new system will integrate all the functionality of the current ACE systems and processes into a high performance, agile, scalable technology platform, while also paving the way for expansion into derivatives trading, central counterparty clearing and other instruments in the near future.
Whereas existing warehouse receipt systems
- 24/04/2015
This extract from the Preqin Quarterly Update: Infrastructure, Q1 2015 reflects on the first quarter’s infrastructure fundraising activity.
Fundraising for unlisted infrastructure funds declined in Q1 2015, with just four funds closing, raising an aggregate USD5.3 billion in institutional capital (Fig 1). This represents the lowest amount of capital raised in a single quarter since Q3 2013, when USD4.8 billion was raised. However, those fund managers that are closing funds are often raising large amounts of capital; the average fund size has increased from USD503 million for funds closed in 2011 to USD984 million in 2014.
This trend is reinforced
- 23/04/2015
Altana Wealth, the asset management group, has teamed up with Godot Huard, a behavioural computer scientist, who has developed a unique system based on the theory that ‘directors know best’.
There is much academic evidence to support the theory that the purchase of shares by a firm’s own directors can give a great insight to those investors who are ‘outsiders’ of the company in question.
However, there are several critical factors which need to be considered before the theory can become a viable investment proposition:
• the ability to analyse the large amounts of data generated by directors filings
- 23/04/2015
Macro Risk Advisors (MRA) has expanded its Risk Strategy team with the addition of Ling Zhou as an Equity Derivatives Strategist.
The addition of Zhou demonstrates MRA’s continued effort to offer exceptional and timely analysis of global market risk to its institutional investor client base.
“Ling brings a strong base of equity derivatives knowledge and an exceptional ability to develop quantitative tools," says Pravit Chintawongvanich, Head of Risk Strategy at MRA. "Our institutional client base continues to seek our help in valuing products with embedded optionality. Ling’s product knowledge furthers our mission in this area.”
As the firm expands its
- 23/04/2015
DigitalTangible, a decentralised gold, precious metals and bitcoin exchange has rebranded as Serica as it broadens its investment platform offerings to global traders, investors, and merchants.
Serica is aiming to provide smooth trading of any valuable, physical asset and digital money, in ways that have traditionally been considered impossible or extremely difficult.
Serica’s rebrand coincides with upcoming launches of its newest product offerings linking bitcoins, the bitcoin blockchain technology, to valuable, physical assets around the world. Serica’s broadened ability to trade assets beyond precious metals includes new verticals such as real estate, soft commodities, and even farmland. Serica also establishes
- 23/04/2015
- 23/04/2015
CloudAlpha Capital Management, a start-up hedge fund, has chosen Linedata’s flagship hedge fund solution, Global Hedge, as its portfolio management technology solution.
Global Hedge is designed to allow clients to have total control of their portfolios and transactions, from the front office straight through to the back office.
CloudAlpha will focus on the US Technology markets in a long/short capacity. Set up last year, CloudAlpha is using Linedata Global Hedge Portfolio Management System in a fully hosted environment, which has enabled the start up to launch quickly and avoid any unnecessary technology and resource overhead costs.
Benny Ho, Operations Director
- 23/04/2015
Societe Generale has launched Tempo, a collateral management outsourcing solution aimed both at buy-side and sell-side market participants, including traditional and alternative asset managers, institutional investors, banks and major corporates.
A unique, multi-asset offering, “Tempo” alleviates the complexity, cost and operational burden of collateral management throughout the entire value chain.
With the introduction of new risk management standards and margining regulations for cleared and uncleared derivatives, by EMIR in Europe and the Dodd Frank Act in the United States, collateral will progressively need to be managed by sophisticated, automated processes across a network of multiple counterparties, clearing brokers
- 22/04/2015
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