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The Newedge Short-Term Traders Index led CTA performance in February, posting returns of +0.14% – the seventh consecutive month of positive returns. The index is now up 3.31% for the year-to-date.
Following six months of positive returns for all the Newedge CTA indices, February saw three of the four managed futures indices calculated by Societe Generale Prime Services, report negative performance. Despite this, all of Newedge’s CTA indices remain in positive territory for the year-to-date.
The Newedge CTA Index remains in positive territory for the year-to-date with a performance of +4.02% – but it fell slightly by -0.27% during
- 05/03/2015
Five out of seven of IndexIQ’s proprietary family of investable hedge fund replication indexes recorded positive returns in February.
The IQ Hedge Long/Short Beta Index led the way with a return of 3.16%, followed by the
IQ Hedge Event-Driven Beta Index (2.65%), the IQ Hedge Market Neutral Beta Index (1.61%), the IQ Hedge Composite Beta Index (1.18%) and the IQ Hedge Emerging Markets Beta Index (1.01%).
The IQ Hedge Fixed Income Arbitrage Beta Index and the IQ Hedge Global Macro Beta Index both ended the month in negative territory with returns of -0.68% and -0.67%, respectively.
Designed as investable benchmarks
- 05/03/2015
In today’s world our retail lives are governed by ease of choice. Whether it’s iTunes to download our favourite artist or Amazon to peruse the latest range of tennis racquets, as consumers it’s never been easier to find what we want.
In November 2013, State Street Global Markets launched Fund Connect, a first-in-class multi-sponsor online ETF platform. The purpose of Fund Connect is to make the lives of Authorised Participants (APs) as straightforward and efficient as possible.
“Nobody wants to log on to five or six different platforms, they want the most efficient method for transacting. That’s what Fund Connect
- 05/03/2015
Gravitas has improved its Cybersecurity Threat Management Service offering with upgrades to its Information Security Practices.
Gravitas hired Omar McKenzie as Chief Information Security Officer to lead this initiative, a new position designed to ensure the protection and integrity of client data.
With the enhancements of its Information Security Practice, Gravitas now offers a complete portfolio of flexible and scalable cybersecurity services for The Gravitas Platform that is focused on helping firms scale their operations smartly. The portfolio is a comprehensive set of policies, technologies and controls used to protect information and application data from breaches and business disruptions while
- 05/03/2015
Temenos Group, a provider of software to financial institutions globally, has acquired Multifonds, a global provider of fund administration software.
The acquisition will give Temenos additional scale, access to highly complementary products, client relationships with more than 30 of the world’s largest financial institutions, and exposure to the fast-growing fund administration market. Following the acquisition, Temenos now provides mission-critical software to 38 of the top 50 banking institutions in the world. Temenos is paying EUR235m to acquire Multifonds from a shareholder group led by growth equity investor Summit Partners. The transaction is being funded through a mixture of cash and
- 05/03/2015
Bermuda-licensed fund administrator ILS Fund Services has reported growth in assets under administration (AUA) to USD3 billion and the company now provides services to 27 ILS funds.
“We are extremely proud of this achievement and very thankful to our clients that have supported and grown with us since we opened our doors for business in early 2012,” says Brian Desmond, a Founder and Director of the Company. “It’s been a busy and exciting time in the ILS space the last few years and we see this trend continuing for the foreseeable future. Our growth in assets reflects the success of
- 05/03/2015
- 05/03/2015
February was a risk-on month in markets, with investors deploying capital and equities rallying globally, while perceived safe-haven assets, such as US Treasuries, UK Gilts, German Bunds and gold sold off.
The MSCI World index was up 5.9% in February, which more than offset January’s losses. This backdrop proved positive for hedge funds with the HFRX Global Hedge Fund index up 2.0%.
February’s buoyant equity and credit markets were largely a continued reflection of the expected impact of the ECB’s January QE announcement, according to Anthony Lawler, portfolio manager at GAM.
“Following the announcement, hedge fund exposures were rewarded
- 05/03/2015
CME Group, LOOP and NEO Market are teaming up to develop the first-ever physically delivered crude oil storage futures contract.
The new LOOP Crude Oil Storage futures contract will begin trading on Sunday, 29 March, 2015, for trade date Monday, 30 March, 2015, pending all relevant CFTC regulatory review periods.
This new contract will provide market participants with an innovative, exchange-traded futures contract based on crude oil storage capacity at LOOP's Clovelly Hub in Louisiana, beginning with the May 2015 contract month. Each futures contract will represent the right to store 1,000 barrels of crude oil at the hub for
- 05/03/2015
Mark Evan Bloom and his firm North Hills Management are jointly to pay a USD26 million fine to settle CFTC charges over the operation of a fraudulent commodity pool, North Hills LP.
Previously, on 11 June, 2010, the court entered a Consent Order of permanent injunction against the Defendants. In the Consent Order, the court found that Bloom and NHM misappropriated approximately USD13 million from North Hills, which they operated from at least 2002 until February 2009. During this period, Bloom maintained a lavish lifestyle, including purchasing a luxury apartment in Manhattan for over USD5 million. The Consent Order also
- 05/03/2015
Muzinich & Co has appointed Jamie Cane as credit analyst. Cane joins the firm’s investment team in London and will focus on identifying credit opportunities within the growing European high yield market.
Cane joined Muzinich & Co from Babson Capital where he spent more than three years focusing on High Yield Bonds and Leveraged Loans across a range of sectors and geographies. Prior to that he worked at Anglo Irish Bank, primarily in restructuring. He holds a First Class Honours Degree in Economics from the University of Manchester and is a CFA Charterholder.
Jamie joins Muzinich’s deep analyst team of
- 04/03/2015
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