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BMO Global Asset Management has launched the BMO Alternative Strategies Fund, which seeks to provide investors with an additional source of portfolio diversification and return over varying market environments.
This addition to the BMO Fund lineup reflects the firm's commitment to improving investors' investment outcomes. The addition expands the fund roster of the firm to 48.
"With market conditions that can easily fluctuate, investors should pay closer attention to the sources of risk when choosing investment products," says Craig Rawlins, Chief Investment Officer for BMO Global Asset Management. "The range of strategies employed within the BMO Alternative Strategies Fund
- 18/12/2014
Managed futures gained 2.62% in November according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 6.63% for the year.
“November was an excellent month for trend-followers,” says Sol Waksman, founder and president of BarclayHedge. “Equity markets, bonds, and the US Dollar all continued to strengthen, while commodity prices continued to decline."
Seven of Barclay’s eight CTA indices gained ground in November. The Diversified Traders Index was up 3.45%, Systematic Traders gained 3.34%, Financial & Metal Traders were up 1.80%, and Currency Traders gained 1.09%.
“Crude oil, which has been trending down since mid-June,
- 18/12/2014
- 18/12/2014
Bitcoin exchange Netagio has launched additional USD and EUR order books on its already established Bitcoin/GBP exchange, which originally launched in July 2014.
Netagio has taken the strategic decision to expand their offering to US Dollar and Euro trading capabilities in reflection of the overall Bitcoin marketplace, which sees 27% of all Bitcoin trading occurring in USD markets and 2.5% in the EUR markets.
For the first time, retail customers and institutional investors from 114 countries are able to buy and sell Bitcoins for USD and EUR as well as GBP continuously, cost-effectively and securely on Netagio’s peer-to-peer exchange platform.
- 18/12/2014
Investors renewed their interest in the hedge fund industry in November after two-months of outflows, adding USD5.4 billion to a variety of fund types this past month.
That’s according to the latest Hedge Fund Asset Flows Report from eVestment, which reveals that, with performance gains added in, hedge fund industry AUM was up to USD3.070 trillion in November.
Despite recent performance putting managed futures strategies among the industry’s best performers in 2014, investors have been slow to shift allocation decisions in managed futures strategies’ favour. Both macro and managed futures funds faced redemptions in November of USD4.10 billion and
- 18/12/2014
Man Group is to acquire Silvermine Capital Management, a Connecticut-based leveraged loan manager with USD3.8 billion of funds under management across nine active collateralised loan obligation (“CLO”) structures as of 30 November 2014.
The Acquisition is expected to complete in the first quarter of 2015, subject to certain approvals being obtained.
Silvermine is wholly-owned by the firm’s founders and senior staff members and is based in Stamford, Connecticut. The team of 17 focuses exclusively on managing US levered credit portfolios and, since inception in 2005, has executed 16 separate transactions totalling USD6.7 billion.
Upon completion of the Acquisition,
- 17/12/2014
Gibraltar Financial Services Commission (FSC Gibraltar) and The Swiss Financial Markets Supervisory Authority (FINMA) have just reached a Memorandum of Understanding (MoU) to assist managers of alternative investment funds (AIFs).
The MoU covers mutual assistance in the supervision and oversight of AIF managers, their delegates and depositaries that operate on a cross-border basis in the two jurisdictions.
This development comes in light of the increasing globalisation of the world‘s financial markets and the upsurge in cross-border operations and activities of Managers of alternative investment funds.
Through this MoU, the authorities are expressing their willingness to cooperate in the interest of
- 17/12/2014
Salient Partners has completed the adoption of the Broadmark Tactical Plus Fund, which is now available as the Salient Broadmark Tactical Plus Fund (Class A Ticker: SBTAX, Class C Ticker: SBTCX, Class I Ticker: SBTIX).
Shareholders approved the merger, which became effective after the close of business on 12 December, 2014. Broadmark Asset Management, will serve as the sub-advisor for the Salient Broadmark Tactical Plus Fund.
"We believe that the Salient Broadmark Tactical Plus Fund offers a different approach to long/short equity investing; one that many financial advisors and their clients are seeking at this point in the market cycle,"
- 17/12/2014
Alternative credit asset management firm DFG Investment Advisers (DFG) has appointed industry veterans Roberta Goss and Timothy Milton as senior members of the firm’s growing leveraged loan platform.
“I am very pleased to have my former colleagues join our firm. Roberta and Tim both had very distinguished careers at Goldman Sachs and other top firms, and they are great additions to the team,” says Philip Darivoff, Chairman of DFG’s Board of Directors.
“Roberta and Tim bring a wealth of portfolio management and trading expertise in the loan and high yield asset classes, and we are thrilled to have them
- 17/12/2014
Huntington Asset Services is providing support for Spouting Rock Fund Management’s Spouting Rock/Convex Dynamic Global Macro Fund, which launched 21 November.
Huntington offers administration, accounting, custody, transfer agency services, distribution and tax services for the fund, which pursues positive absolute returns by investing on a global basis across a broad spectrum of asset classes, economic sectors and geographic markets, primarily through the use of ETFs.
“Spouting Rock is an innovative, client-centric firm with a proven track record evaluating alternative strategies,” says Joseph Rezabek, president of Huntington Asset Services. “The firm is a perfect partner for Huntington and demonstrates our commitment
- 17/12/2014
361 Capital, a liquid alternative investments firm focused on providing institutional quality mutual funds, has launched the 361 Global Long/Short Equity Fund, sub-advised by Los Angeles-based Analytic Investors.
The Fund uses the same investment strategy as the Analytic Global Long/Short Equity Composite, which commenced December 2009. The Fund also launched with an existing 11-month track record following the reorganisation of the Analytic Global Long/Short Equity Fund, LP, a limited partnership that has been operating since January 2014.
“Long/short equity is the largest category in Morningstar’s classification of alternative mutual funds, but there is currently a shortage of quality funds
- 17/12/2014
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