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Average daily volume (ADV) during February for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) was 4.7 million contracts, a decrease of 22 per cent from February 2014 and a decline of 13 per cent from January 2015.
Total options and futures volume at CBOE Holdings during February was 88.5 million contracts, a decrease of 22 percent from a year ago and down 17 per cent from January 2015.
CBOE's ADV during the month was 4.2 million contracts, down 23 per cent from February 2014 and a
- 03/03/2015
- 03/03/2015
Opus Fund Services has been voted the Best North American Hedge Fund Administrator by readers of Hedgeweek, one of the hedge fund industry’s leading publications.
Hedgeweek canvassed the views of readers, to assess the best hedge fund performers and service providers. The winners are determined on a 'peer review system' whereby institutional and high net worth investors as well as managers and other industry professionals such as prime brokers, custodians and advisers elect a 'best in class'.
The award was announced at a ceremony in London’s Mayfair district. Jorge Hendrickson, Opus SVP commented “To win Best North American Hedge Fund
- 03/03/2015
Apex Fund Services has acquired Pinnacle Fund Administration. Headquartered in Charlotte, North Carolina, Pinnacle operates additional offices in New York and Vancouver.
Fund managers in the US and Canada are seeking to partner with stable providers that can provide a variety of services and outsourcing solutions. Pinnacle’s existing clients will benefit immediately from the acquisition by being able to access Apex’s full range of fund administration services, as well as expand their market reach available through the Apex Global Network of 34 offices worldwide.
Apex will rapidly introduce to the US and Canadian fund services sectors, particularly to middle market
- 03/03/2015
- 03/03/2015
All six of Market Vectors Index Solutions (MVIS) investable Long/Short Equity Indices recorded positive performance in February.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors North America Long/Short Equity Index led the way with a return of 4.26%, followed by the Market Vectors Global Long/Short Equity Index (3.47%), the Market Vectors Western Europe Long/Short Equity Index (2.96%) and the Market Vectors Emerging Markets Long/Short Equity Index (2.85%).
The Market Vectors Asia (Developed) Long/Short Equity Index had the lowest return for
- 03/03/2015
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains why issues of substance are driving up interest among fund managers in the potential upside of relocating to Guernsey.
During the last year we have seen increased interest among fund managers in the potential upside of relocating operations to Guernsey. A contributing catalyst has been the introduction of the Alternative Investment Fund Managers Directive (AIFMD), including the end of the transitional provisions in jurisdictions such as the UK.
AIFMD
AIFMD has introduced some potentially onerous requirements but managers can put themselves out of scope by establishing their funds in non-EU jurisdictions, such
- 03/03/2015
- 03/03/2015
RS Investments has launched two new long/short alternative mutual funds: the RS Focused Opportunity Fund (RSFOX) and the RS Focused Growth Opportunity Fund (RSFGX).
Both funds will be available to retail and institutional investors.
“We’re focused on providing our clients with outcome-oriented solutions that are designed to limit downside risk across unpredictable markets,” says Matthew Scanlan, CEO of RS Investments. “These alternative strategies leverage our demonstrated Growth and Value alpha generation capabilities, across market caps, to construct long/short portfolios that seek to balance alpha and beta.”
The RS Focused Opportunity Fund looks to invest in companies that demonstrate attractive relative
- 03/03/2015
Automated trading specialist Alistair Brown – co-founder of Lime Brokerage – is turning his attention to fixed income with the launch of OpenBondX, an electronic “all-to-all” trading platform for US corporate bonds.
The ATS aims to attract new liquidity from non-traditional providers frustrated by the current antiquated market structure.
Just as Lime revolutionised quantitative and automated trading, Brown’s recipe for OBX incorporates uniquely sophisticated trading and risk management functionality into a transformative business model that sets it apart in a sea of bond-trading platforms.
For example, existing systems have been created by fixed income institutions and traders with domain
- 03/03/2015
Prosek has been named Best North American Public Relations Company in the annual Hedgeweek Global Awards.
The Hedgeweek Awards recognise the best hedge fund managers and service providers around the world. Winners are determined by votes from Hedgeweek’s more than 40,000 subscribers. The award was received by Andrew Waterworth, the head of Prosek's UK office at a ceremony in London on 27 February.
"We thank our clients and the readers of Hedgeweek for this remarkable award," says Jennifer Prosek, CEO, Prosek Partners. "It is an honour to be recognised by the industry for our work in building and protecting the
- 03/03/2015
The D E Shaw group has launched Arcesium, a new, independently operated technology and service company that will provide asset managers with software and service solutions for their post-trade activities.
Arcesium’s fully hosted technology platform offers asset managers sophisticated post-trade support for the various activities of the trade lifecycle—including security master maintenance, trade capture, asset servicing, treasury functions, pricing-related services, and portfolio data warehousing – in a highly automated and secure manner. Arcesium’s service offering complements its technology platform with robust, exception-driven processes that effectively balance efficiency and control. The platform, which was refined by the D E Shaw group
- 03/03/2015
TOBAM, the Paris-based asset manager, has secured USD2.1 billion in net new inflows across its Anti-Benchmark strategies, since 1 December, 2014.
In all, the company has recorded total net inflows of USD2.6 billion since the start of 2014, which contributed to a 56% increase in the firm’s assets under management in that time. TOBAM has now crossed the USD8 billion milestone of assets under management at USD8.7 billion from USD2.79 billion at the end of 2012.
Since the start of 2014, allocations have come from over 20 international institutional investors spread across Europe, North America, Asia, and most recently, the
- 03/03/2015
- 03/03/2015
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