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Halcyon Liquid Strategies UCITS Management and Guggenheim Partners (Guggenheim) have launched the GFS Halcyon Liquid Opportunities Fund, an opportunistic catalyst-driven UCITS fund domiciled in Ireland.
Launched on the Guggenheim Fund Solutions platform, the Fund will utilise Halcyon’s investment expertise to identify public equities where there may be structural market inefficiencies or opportunities for asymmetric returns, and will employ strategies including long/short, relative value, liquid credit, and other strategies.
The Fund will offer weekly liquidity and will launch with more than USD40 million in capital. It will leverage the existing idea generation and investment expertise across Halcyon, an alternative investment firm
- 24/02/2015
Managed futures traders got off to a fast start in 2015, with a 3.41% gain in January according to the Barclay CTA Index compiled by BarclayHedge.
“Trends from the prior month stayed on track in January as commodity prices continued to move lower while bonds, equity markets outside the US, and the US dollar all moved higher,” says Sol Waksman, founder and president of BarclayHedge.
All of Barclay’s eight CTA indices had strong gains in January. The Currency Traders Index jumped 4.11%, Diversified Traders were up 4.09%, Systematic Traders gained 3.68%, and the Financial/Metals Traders Index was up 2.27%.
January’s
- 24/02/2015
- 24/02/2015
The financial and industrials sectors saw the largest amount of hedge fund buying activity in Q4 2014, with Industrials always being a net buy throughout the calendar year.
That’s according to S&P Capital IQ's latest Quarterly Hedge Fund Tracker, a review of 3F filings by pure play hedge funds during the fourth quarter of 2014, and the only aggregate analysis of hedge fund stock ownership of its kind to spotlight hedge fund trend-investments in specific stocks and sectors.
“Our 2014 full year results offer some groundbreaking perspective on the trends hedge fund managers see unfolding in financials, industrials,
- 24/02/2015
The SS&C GlobeOp Forward Redemption Indicator for February 2015 measured 3.64%, up from 2.49% in January.
“Redemption requests increased for the month of February, but remain consistent with historical averages,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration
- 23/02/2015
Whilst the Federal Reserve kept an overall dovish tone in its latest minutes released on Wednesday, Fed officials have started discussing the timing of a rate hike due to renewed confidence in the US economic recovery. At this stage, an initial hike of Fed rates in June seems optimistic, but strong employment gains are clearly putting some pressure on the Fed to act soon.
- 23/02/2015
The Board of Trustees of the JPMorgan Money Market Funds has approved the firm's preliminary recommendation regarding the intended designation of its publicly offered money market funds as "Institutional," "Retail" or "Government," in accordance with the criteria established by the Securities and Exchange Commission ("SEC") in July 2014.
These determinations were reflected in a supplement to the money market funds' registration statements filed last week.
In the supplement, the Board also stated that it has no current intention of instituting liquidity fees or gates on the money market funds (MMFs) designated as Government MMFs.
John Donohue, Head of Global Liquidity
- 23/02/2015
Gabelli Funds has completed the offering of a London Stock Exchange listed closed-end fund, The Gabelli Value Plus+ Trust (GVP), the firm’s first direct entry to the UK investment community.
The fund invests in US equities, utilising Gabelli's fundamental, bottom up Private Market Value with a Catalyst investment approach.
“The UK market is highly sophisticated. We are delighted to be entrusted with the opportunity to grow wealth for the UK investor via the strengths of an investment trust vehicle. The investment trust industry can trace its foundations to the UK, and the LSE’s offering remains a “best in class” choice
- 23/02/2015
Quantmetrics Capital Management is to join Lyxor Asset Management’s AIFM managed account platform enabling Lyxor to launch its first AIFMD-compliant strategy on the platform.
Quantmetrics’ investment strategy will be a short-term CTA program invested in all asset classes that seeks to combine behavioural insights with quantitative analysis to capture alpha. It aims to exploit small and temporary price discrepancies in financial markets in the US, Europe and Asia by pursuing a short-term systematic trading of futures and spot FX positions.
Based in London, Quantmetrics was founded in 2003 by Dr Mushtaq Shah and James Fowler who have worked together
- 23/02/2015
Fifth Street Asset Management has closed the Fifth Street Senior Loan Fund I (FS SLF I), a USD309.5 million collateralised loan obligation (CLO).
FS SLF I represents FSAM's initial CLO under management and its pricing was the first for a debut manager in 2015.
FS SLF I is primarily invested in middle market senior secured loans sourced and originated through the Fifth Street platform. The vehicle has a four-year reinvestment period. FSAM sold securities rated from Aaa through Ba3 and retained some of the equity interests and Class F notes. Wells Fargo Securities, LLC served as the Placement Agent.
- 20/02/2015
BGC Partners and GFI Group have entered into a tender offer support agreement in which GFI's board of directors unanimously agreed to support BGC's tender offer for all of the outstanding shares of GFI common stock at USD6.10 per share in cash.
As part of the agreement, BGC shall designate six out of eight directors of the expanded GFI Board. Pursuant to this agreement, BGC has extended the deadline to February 26, 2015, in order to give all stockholders the opportunity to tender in this final extension. BGC exceeded its 45% requirement with nearly 48% of shares tendered, and because
- 20/02/2015
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