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Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley have maintained their positions as the leading brokers of flow equity derivatives to North American institutional investors.
In Europe, where the flow equity derivatives field is more crowded, Deutsche Bank, Morgan Stanley and JP Morgan have established strong platforms across products.
Winning trading relationships with institutions in options, swaps, futures, ETFs, and other flow equity derivatives is critical to broker-dealer success. Investors use far fewer brokers in these products than in cash equities or fixed income. Institutions typically use only six or seven counterparties for equity derivatives trades and broker-dealer
- 24/10/2014
In this report, we discuss the attractiveness of Emerging Market equities based on valuation criteria. We also show that Alternative EM is a better option for diversification purposes, since it preserves the performance of EM while significantly reducing the volatility.​
- 24/10/2014
Total assets in hedge funds decreased 1.5 per cent in September to USD3.012 trillion, according to the latest Hedge Fund Asset Flows report from eVestment.
Performance accounted for the majority of the USD46.7 billion decline, but investor redemptions outpaced new allocations causing an outflow of USD6.9 billion during the month.
Total industry assets declined in Q3 2014 for the first time since Q2 2012. Performance reduced AUM by USD30.3 billion, the equivalent of an asset-weighted return of -1.0 per cent. Flows were positive in the quarter as USD9.6 billion was added to the industry.
The most noticeable deviation
- 24/10/2014
More than half (57 per cent) of institutional investors plan to narrow down the number of different alternative asset managers they work with in the next 12 to 24 months, according to a survey by UBS Fund Services and PwC.
The survey reveals that they intend to focus on fewer key relationships as they gain increasing expertise in the sector. A higher proportion of institutional money in alternative asset classes is also leading to more rigorous selection of managers.
Mark Porter, head of UBS Fund Services, says: “Institutional investors are demanding more transparency and increased liquidity from their alternative
- 24/10/2014
Orangefield, a provider of corporate and fund services, has appointed Anna Coutts Donald as director at its UK office.
Coutts Donald will be responsible for growing the UK business and cultivating relationships with key UK and international clients.
The UK office – also known as Waterlow – was acquired in 2012 and since has grown steadily.
''I am very excited to be joining Orangefield as it is a true global provider of outsourcing services," says Coutts Donald. "Its client coverage and scope of services is a real strength."
Coutts Donald, a Scottish Chartered Accountant and former Council
- 23/10/2014
Asia ex-Japan hedge funds lead global peers with year-to-date returns of 6.66 per cent, due in large part to a 25.79 per cent rise in Indian equities since the start of the year, according to the latest data released by hedge fund research firm Eurekahedge.
Funds investing in North and Latin American came in second and third place, delivering returns of 5.21 per cent and 3.71 per cent respectively.
Japan focused funds returned 2.92 per cent, while European managers came in last place at 1.31 per cent.
As a whole, hedge funds were up 3.82 per cent year-to-date, registering performance-based
- 23/10/2014
Hong Kong Exchanges and Clearing (HKEx) and China Merchants Group (CMG) have signed a memorandum of understanding (MOU) for a strategic alliance in product development and related services.
The signing ceremony was held in London in the presence of HKEx co-head of global markets Romnesh Lamba; LME chairman Sir Brian Bender; Dr Yu Liming, executive vice president of CMG; Charles Feng, general manager of the business development department of CMG; CMS chairman Gong Shaolin; and CMS CEO Wang Yan. Other senior representatives from HKEx Group and CMG companies also participated in the ceremony.
“This MOU is an important step
- 23/10/2014
BH Macro Ltd, a Guernsey-registered, London-listed investment company which acts as a feeder fund for the Brevan Howard Master Fund, gained 4.5% in September, reversing poor performance in the first half of the year.
BH Macro Ltd has not had a down year to date (returning around 20% in 2007, 2008 and 2009), and has returned 134.25% since inception in 2007.
The fund has also out-performed the FTSE All-Share by 11.5% per year since launch, returning an average of 12.5% p/a. The FTSE All-share returned just 1% per year over same time period.
- 23/10/2014
- 23/10/2014
Preqin looks at the performance of hedge funds in Q3 2014 and in 2014 so far.
Please click here to download Preqin's Hedge Fund Performance Update: Q3 2014
- 23/10/2014
- 23/10/2014
Preqin provides the most up-to-date hedge fund performance benchmarks.
Click here to download Preqin's Hedge Fund Performance Benchmarks: Q3 2014
- 23/10/2014
- 23/10/2014
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