Digital Assets Report

Latest News

The hedge fund industry redeemed USD5.1 billion (0.2 per cent of assets) in September, the largest outflow since December 2013 and only the second outflow this year, according to TrimTabs and BarclayHedge. “Hedge fund inflows slowed sharply in the third quarter,” says Sol Waksman, president and founder of BarclayHedge. “The industry raked in USD82.1 billion in the first half of 2014 – more than in the previous three years combined — but inflows subsided to USD12.6 billion in the third quarter.”   Industry assets stood at a six-year high of USD2.38 trillion in September, according to estimates based on data
A majority of PENSCO clients would invest more in non-traded, alternative assets if they had a better understanding of the alternatives available (71 per cent) and more accessibility to non-traded alternatives (70 per cent). The finding is based on a study of 682 clients who have custody retirement assets in a self-directed Individual Retirement Account (IRA) with PENSCO. In a self-directed IRA, the IRA owner has more control and flexibility when it comes to choosing investments and can expand their asset allocation beyond stocks and bonds to include non-traded alternative assets.   The study also found that individuals consider the
On 1 October the UK's Financial Conduct Authority (FCA) clarified its position that US managers with master-feeder structures would not be required to report on positions held in the master if only the feeder was marketed into the UK.   For many firms that have been deliberating over whether to actively market their funds in the UK or simply rely on reverse solicitation for new investors, this new guidance is very significant.  In light of this development, ConceptOne believes US managers should revisit their strategy for capital raising as the burden with complying with AIFMD, at least as it relates
Eze Software Group has released a new version of RealTick EMS, its multi-broker, cross-asset electronic execution platform. Version 11.3 provides enhanced execution management workflow and new trade performance capabilities.   RealTick EMS 11.3 delivers an advanced feature set that enables quicker, more flexible workflows, delivered through its existing SaaS offering. New features introduced for futures and options spreads provides users with even more control of their orders. Enhanced spreads trading, combined with a configurable front-end, further automates workflows so they can take advantage of hedge opportunities quickly and more efficiently. Users also have the ability to combine futures legs to
A technical showcase of Guernsey’s funds offering and how the island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year. The event, which takes place at the British Museum on 28 January, features a panel debate comprising leading figures from Guernsey’s funds community and the UK marketplace. Their discussion will examine how regulation such as the Alternative Investment Fund Managers Directive (AIFMD), Markets in Financial Instruments Directive (MiFID) II, Foreign Account Tax Compliance Act (FATCA), Common Reporting Standards (CRS) and Base Erosion and Profit Sharing
US futures exchange volumes increased sharply in September 2014, bringing year-to-date volume to 2.3 billion contracts, according to TABB Group. However, the year-to-date total is 2.5 per cent lower than the same period a year earlier.   During Q3 2014, interest rate volumes reflected interest rate policy changes and uncertainty over Federal Reserve policy, with record volumes on days like Oct ober 15 reported by major US derivatives exchanges.   CFTC-reporting Futures Commission Merchants (FCMs) continue to decline (-11 firms YTD). The futures brokerage market share remains concentrated as revenue opportunities continue to receive mixed signals.   TABB Group’s US
Taiwanese distributor, Yuanta Securities has become the first securities firm in Taiwan to adopt automation by going live on the Calastone global transaction network. Yuanta Securities is the largest securities firm in terms of market share in Taiwan, and the 13th fund distributor to select Calastone for their offshore funds transmission via the Taiwan Depository & Clearing Corporation (TDCC) fund automation service.   The TDCC fund automation service has until now been used mainly by bank distributors. The addition of Yuanta Securities as the first securities broker provides further evidence of the universal application of the TDCC model, which allows
Whitney George is to join Sprott as senior portfolio manager. George will be based in New York and will be a key contributor to the expansion of Sprott's business in the US.   George is a veteran portfolio manager who spent the last 23 years in senior roles at Royce & Associates in New York. George was co-chief investment officer of Royce from 2009 to 2013 and was most recently managing director and portfolio manager.  In his time at Royce, he was instrumental in helping to build the firm into one of the largest and most respected small-cap managers in
Lowenstein Sandler is expanding its executive compensation team for its private equity, hedge fund, venture capital and other clients with the addition of James E Gregory as a partner in the firm. Gregory has joined Lowenstein Sandler’s employee benefit and executive compensation practice in its New York office. He was previously a partner at Proskauer Rose.   Gary M Wingens, Lowenstein Sandler’s chairman and managing partner, says: “Lowenstein Sandler is well known for providing comprehensive legal services to many of the leading private equity, hedge and venture capital funds, as well as to dozens of early-stage tech and biotech companies
Most funds were up last week, with CTAs significantly outperforming, according to Lyxor. Long term CTAs were up an impressive four per cent last week (10 per cent YTD), and are now the best strategy in 2014 by a wide margin.   They are generating performance from almost all asset classes, capitalising on their long exposures on equities and the USD, and short on commodities. Gains were especially generated on short Euro and Japanese Yen on FX, and short energy and precious metals on commodities.

   L/S equity funds also benefited from the rally in Japanese stocks. This follows two

Special Reports

FeatureD

Events

16 May, 2024 – 8:30 am

Directory Listings