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Three of Market Vectors Index Solutions (MVIS) six investable Long/Short Equity Indices, recorded positive performance in December. 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 0.36%, followed by Market Vectors Global Long/Short Equity Index (0.10%) and Market Vectors Asia (Developed) Long/Short Equity Index (0.09%). The Market Vectors Western Europe Long/Short Equity Index recorded the biggest loss with a return of -1.57%, while the Market Vectors Emerging Markets Long/Short
From the launch date of 15 May 2014 to 17 December 2014, the total trading volume of Eurex listed Daily Futures on TAIEX Futures (TX) and TAIEX Options (TXO) totalled 201,610 contracts. Along with an increasing uncertainty in world financial markets recently, the Eurex/TAIFEX Link has become the best choice to manage position risks in an after-hour trading session in Taiwan futures market. The trading volume continued to mark an uptrend force, hitting a record high of 4,374 contracts on 16 December.   When Eurex/TAIFEX Link was first introduced, the average daily trading volume (ADV) in May is merely 599
Singapore Exchange will upgrade its derivatives trading and clearing platforms to further strengthen Singapore’s market infrastructure and to support the strong volume growth in SGX’s derivatives business. The upgraded platforms, SGX TITAN, will ensure continued agility and innovation in terms of new products and services offered by SGX. It is designed to increase efficiency and lower trading and clearing costs for market participants. Industry standard access protocols, extensive self-help functionality and improved straight-through-processing will be the significant benefits from the upgraded infrastructure. SGX already offers the longest trading hours of any Asian exchange, and SGX TITAN will strengthen its  risk
MF Global Holdings (MFGH) is to pay USD1.212 billion to settle CFTC charges relating to the misuse of customer funds and related supervisory failures by subsidiary MF Global Inc (MFGI).  The CFTC previously filed and settled charges against MFGI for misuse of customer funds and related supervisory failures in violation of the Commodity Exchange Act and CFTC Regulations.  MFGI was required to pay USD1.212 billion in restitution to its customers, as well as aUSD$100 million penalty.  MFGH’s restitution obligation is joint and several with MFGI’s restitution obligation, pursuant to which a substantial portion of the restitution obligation has already been
Total hedge funds assets increased 1.8% in November to USD3.070 trillion, according to eVestment’s Hedge Fund Asset Flows report for November 2014. Performance gains accounted for the majority of the asset increase, however after two months of negative investor sentiment, investors allocated a net USD5.4 billion into hedge funds in November. November’s inflow increased YTD allocations to USD112.2 billion.  Investor interest in hedge funds in 2014 has been stronger than many expected, supported by multi-strategy fund flows and a renewed interest in equity hedge fund exposures. Aggregate flows are much higher than any year since 2007 and core growth rates
Independent accounting firm Weaver has held the official opening of the firm's newest office, located in the greater Los Angeles area.  The new Weaver office is at 1600 Rosecrans Ave, Bldg 7 in Manhattan Beach, California adjacent to several sound stages and movie studios on the secure MBS Media Campus. Michael Hearne, CPA, has joined Weaver as a partner in tax and strategic business services for the new office. Hearne and Matt Anderson, assurance partner, will work together to grow Weaver's Los Angeles practice with particular focus in the financial services industry. The partners previously worked together on the expansion of Rothstein
Barring an unexpected global or financial event, hedge funds are positioned for another year of solid growth as institutional investors seek to gain alternative exposures to traditional equity and fixed income markets.  That’s according to eVestment which expects asset flows into hedge funds of at least between USD90 billion and USD110 billion in 2015. eVestment predicts continued flows into equity focused strategies, although those flows will likely be below the 8.6% growth rate (USD78 billion) YTD seen in 2014. Credit strategies will likely see growth similar to that of2014, which is below its accelerated growth period of 2012-2013; however distressed, a subset of
The attraction of incubator platforms has increased noticeably in recent years. New hedge funds face a Sisyphus-like task getting up and running as global regulation and compliance pushes costs up, whilst investors simultaneously expect to see institutional quality operations in place from day one.    Of notable benefit are the cost saving benefits and the avoidance of building out large operations teams that incubator platforms offer. This is critical in the early stages of running a fund as it helps managers to avoid the risk of burning through their operating capital too quickly.  Rather, managers can “plug and play” into
“If you are a hedge fund and you’ve got USD50-100 million in “peer-to-peer” loans, you may well find the analysis and monitoring of those loans takes up a significant portion of your firm’s resources. What Lendvious does is minimise the amount of human input and, thereby, minimise cost and errors,” explains Adam Braggs (pictured), Managing Director (Europe) of Crowdnetic. Crowdnetic is an innovative platform that is able to aggregate data from two fast-growing areas of the marketplace: crowdfunded equities and marketplace lending (or peer-to-peer lending). This is proving to be a highly effective analysis tool for institutional investors as they
Tim Thornton, Chief Data Officer at Mitsubishi UFJ Fund Services, comments on the December 31 FATCA deadline… 31 December sees the deadline for completing due diligence on pre-existing accounts which are prima facie foreign financial institutions (FFIs), depending on the effective date of the FFI agreement.  This is the second in a series of key milestones in FATCA implementation following the required introduction of new account opening procedures on 1 July, 2014. Firms impacted by FATCA should be well advanced by now in their compliance procedures, either internally or having outsourced to a service provider. They should be routinely gathering required

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