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An increase in market volatility during October helped the Newedge Volatility Trading Index post strong positive returns for the month of October, with an increase of 1.12%, its best month since January 2012.
Quantitative Macro strategies outperformed Discretionary trading strategies, gaining 0.52% for the month, bringing YTD performance to 6.95%. The headline Newedge Macro Trading Index experienced roughly flat performance during October, posting a -0.12% return, meaning it stands at 1.57% for 2014 so far.
The Newedge Commodity Trading Index remains in positive territory for the year to date, with returns of 2.33%, although it was slightly down in
- 21/11/2014
Genpact Limited and Lombard Risk Management have teamed up to provide a new solution to help financial services firms optimise their collateral management operations.
The collaboration between Genpact and Lombard Risk with CARDS and COLLINE addresses major cost pain points in the industry, and significantly improves margin and collateral management efficiencies with a true end-to-end solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's COLLINE collateral, clearing, inventory management and optimisation solution. This unique solution will enable both buy and sell-side firms to automatically digitise and capture the terms and conditions of various collateral
- 21/11/2014
Senrigan Capital Group Ltd, the Asia event-driven hedge fund backed by Blackstone Group LP, returned 15 per cent in the first 10 months of this year, reports Bloomberg.
The USD348 million Senrigan Master Fund gained 6.4 per cent in September and 1.4 per cent in October, said people with knowledge of the matter
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Senrigan is headed for the best year since its November 2009 inception. Event-driven hedge funds globally had the worst two months in September and October since May 2012, according to an index compiled by Hedge Fund Research Inc, as US managers have been hit by the unraveling of deals involving
- 21/11/2014
Managed futures lost 0.49% in October according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 3.88% for the year.
“A spike in intra-month volatility coupled with sharp mid-month price reversals in financial markets made for a difficult trading environment in October,” says Sol Waksman, founder and president of BarclayHedge.
Five of Barclay’s eight CTA indices had losses in October. Agricultural Traders gave up 3.39%, Discretionary Traders were down 1.08%, and Financial & Metal Traders lost 0.23%.
On the positive side, the Currency Traders Index gained 0.80%, and Systematic Traders were up 0.09%.
“Yen and EUR
- 21/11/2014
- 21/11/2014
Convergex has become the first financial institution to establish a new ADR Depositary for the marketplace in almost 20 years.
In addition to trading and converting ADRs with Convergex, clients now can direct Convergex to create ADR programs for them to invest in, allowing these US investors new access to foreign companies.
With this new offering, Convergex will be competing directly with the traditional ADR Depositaries. Committed to increasing its ADR capabilities, Convergex will continue to build out the Depositary for its brokerage clients over the coming months as the service becomes available in 27 markets.
“ADRs are an
- 21/11/2014
Energy and healthcare stocks saw the largest growth in new hedge fund buying activity during Q4 2014, with AbbVie, Actavis and Alibaba as the most popular individual stocks, according to S&P Capital IQ’s.
The firm’s quarterly Hedge Fund Tracker provides an aggregate analysis of hedge fund stock ownership and spotlights hedge fund trend-investments in specific stocks and sectors.
“Hedge funds are among the most sophisticated institutional investors in the world. By analysing their behaviour in this manner, we’re able to provide valuable insight for investors who want to know where the ‘smart money’ is investing,” says Pavle Sabic (pictured),
- 21/11/2014
Common Sense Investment Management (CSIM), an independent, privately-held investment manager, has appointed Dr Matthew Schneider, as Director of Research in the firm’s new Liquid Strategies team.
A complement to their existing Hedge Fund business, Liquid Strategies will invest in Managed Futures & Currency managers using a combination of non-finance techniques and patented risk management processes.
Dr Schneider is also a Visiting Scholar at the Samuel C Johnson Graduate School of Management at Cornell University. Prior to joining CSIM, Dr Schneider worked as an adjunct policy analyst for the RAND Corporation for five years, researching and advising on policy decisions
- 20/11/2014
By Brian McDermott (pictured) & Nessa Joyce – Ireland took a significant step closer to paving the way for the establishment of the Irish collective asset-management vehicle (the ICAV) with the publication of the ICAV Bill on 29 July this year, the early enactment of which has been cited as a priority for the Irish Government.
The Central Bank of Ireland, which will act as both the authorising and regulating body for the ICAV, has indicated that it will be ready to process applications for ICAVs within two weeks of the enactment of the legislation.
The ICAV will sit alongside
- 20/11/2014
- 20/11/2014
By Bradford Rowley (pictured) – Any association between Annex IV and the word ‘simple’ may appear to be an oxymoron as the Annex IV fund and manager filing typically requires the completion of a combined 339 questions on a recurring basis for larger managers.
These questions bring together many different data points typically found in different departments of fund administrators and across different systems. Where fund administrators have adopted a multi-platform environment with different systems for each of portfolio management, transfer agency, general ledger and risk they now find themselves having to combine the outputs into a single Annex IV filing
- 20/11/2014
- 20/11/2014
“We’re seeing more interest than we did in the past. PERE managers are looking for expertise from their service partners under the AIFMD. In the past they would have gravitated towards other jurisdictions. More service providers are now comfortable with PERE as an asset class,” comments David O’Keeffe (pictured), CEO of SMT Trustees (Ireland) Limited (“SMT Trustees”).
Ireland has until now not really been a favoured jurisdiction to set up PERE funds but that’s changing.
“We are seeing more demand for non-correlated asset classes compared to traditional assets. Service providers like these funds because they are often of a substantial
- 20/11/2014
- 20/11/2014
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